Audited Combined And Consolidated Statements Of Financial: Fill & Download for Free

Disclaimer: At the end of the day, ICAI is the boss.I am happy that finally there is a change and I have decided to stay happy by not thinking about possibilities beyond that, since at the end of the day …The change was long awaited and over due as well. It has been a decade since the last major change in syllabus. In a Profession like Chartered Accountants, this is like trying to file Returns for FY 2014–15 in FY 2017–18. On the contrary, Institute of Cost & Management Accountants of India (ICMAI) has already resolved to bring New syllabus, every four years. This is not just a resolution, but also very smoothly implemented plan, as ICMAI shifted from Syllabus 2008 to Syllabus 2012 and now Syllabus 2016, trying to keep its syllabus up to date with the trends.Before someone confuses New Syllabus with Devil’s curse, let me explain why changing syllabus is for the benefit of all, with no hardship involved.As I have explained in the past, New Syllabus will be applicable only to students who register for CPT, IPCC or Final after 30th June.For Students who have already registered or will have already registered by 30th June, for any particular level - New Syllabus will applicable to them for the next level.For existing IPCC students, Final will be under new syllabus, similarly for exisiting CPT students, Intermediate & Final will be under new syllabus. The syllabus is not dependent on your exam attempt but your course registration date.So please understand, there is no impact on the efforts that you have already made, books that you have bought or classes that you have joined.Changing course syllabus keeps the students up to date with the trends in the profession, which directly affects their employability. Else, companies would have to invest heavily in training of such Chartered Accountants and they might start considering alternatives.Besides, even ISCA subject has been dropped, IT subject has been streamlined. So if any of the above reasons doesn’t seem acceptable, atleast this would be.On one hand students cry for not getting well paid jobs, and then they also curse ICAI for making any change in the syllabus. “Chit bhi meri, patt bhi meri” (Heads is mine, tails too) will not work in your benefit. So, it is highly important to keep changing the Syllabus as per trends.For beginners, refer New Syllabus[1][1][1][1] & Old Syllabus[2][2][2][2][3][3][3][3] through footnote links.CPC BECOMES FOUNDATIONMore Accounts, Nightmare for Science Stream Students - Good move.Earlier Accounts was for 60 marks, now 100 marks. The increase in marks is coupled with some IPCC topics like Average Due Date, Accounting from Incomplete Records & Financial Statements of Non Profit Organization being introduced at Foundation level. This further strengthens the base for Accounting and for students joining from Science stream, this could be a nightmare.No restriction on other medium students, but learn English before you join CA course - Highly appreciative move.This is what the second paper’s structure says, Law for 60 marks with 40 marks General English. Limited Liability Partnership Act & Introduction to Companies Act has been added to the Foundation level. General English covers Articles, Reports, Emails, Formal Letters, Grammar, Comprehension, Anonymns, Synonyms, etc. Basically, the 10th / 12th standard English subject, compressed into a zip file. Another good move. One reason why many CA students lacked good English skills because there was no restriction on which medium school or college you come from. There is still no restriction, but ICAI has closed that loophole by introducing English. So Non-English medium students will now have to learn English properly and in-depth, before entering CA course.More Mathematics to keep students out of CA course - Good moveMathematics & Statistics has been expanded into a full 100 marks subject rather than the 50 marks zip version. Now this subject is value for study, as earlier too many topics were for too less marks. There is also a 20 marks logical reasoning included. While Mathematics & Statistics may not be extensively useful in CA profession, the knowledge of the same ensures strong reasoning & logical thinking capacity, which is highly important while auditing. This subject will also ensure students do not pass CA foundation in bulk quantity as before, but a check on the same can be maintained.Improved Understanding of Business - Requesting practical questionsEconomics is same as before, with 10 additional marks and Business Cycles as additional topic. Business & Commercial Knowledge is a wonderful subject added, only if the questions are more practical. The best part of this subject syllabus is the following part - “Students are expected to read atleast one financial newspaper and one business magazine.” Wow! This line says a lot. So question paper may contain some practical questions about ongoing issues. If this is true, then it would be a really great move.No more MCQs in Accounting, Law & English. Negative marking for Economics, Statistics & Mathematics - Great moveAccounting, Law & English are some important subjects which test the writing skills of the students. While Mathematics, Statistics, Economics & Commercial Knowledge is merely objective. Usually all subjects are tested at the same standard, however, ICAI took the brave decision of distinguishing the standard of evaluation for different subjects at the same level. This will definitely improve the competitiveness of the Chartered Accountants. Negative marking is same as before. It keeps answering merely by guess i.e. randomness of answering under check.IPCC BECOMES INTERMEDIATEShifting of Accounting Topics - Nothing special hereSome topics of Accounting have been shifted to Foundation while some topics have been borrowed from Advanced Accounting. Good thing is including all Accounting Standards in Accounting & Advanced Accounting subjects leaving behind only advanced issues for Final level. This will help students during articleship.Inclusion of useful topics at early stage in Law - Good moveTopics like interpretation of statutes, drafting deeds & documents, etc. have been included at Intermediate level itself. Consumer laws & brief introductions to labour laws has also been included. This ensures that the student is not completely blank about interpretations & legal documents. With this knowledge student can further build on with the practical knowledge he/she obtains. Certainly, Intermediate level has been designed keeping Articleship in mind and this is certainly a change for good.Learn the entire Costing all at once - Eat with two spoons nowThere’s one extra subject at Intermediate level, as Costing and Financial Management have been split into two 100 marks paper. The earlier Costing syllabus was certainly not enough for 100 marks paper, so now entire Costing i.e. the Costing at IPCC and Costing at Final level, both have been accomodated in one subject. I am doubtful, how good this move would be. Students have faced difficulties in Costing even at Final level because of multiple methods that can be used. Introducing such difficulty at Intermediate level is a big burden on students. All of this to insert one additional subject at Final level. Keep reading.Tax Subject is same as before. - Too much for too less.I still feel and this is with respect to all three ICAI, ICSI and ICMAI - either select certain chapters of tax laws or make them two different subjects. This is too much to read for so less marks, especially Direct Taxes which is a vast subject. Since ICAI’s motive is to accomodate more & more subjects in the syllabus, this is a move that they have made. As we know, at the end of the day …Advanced Accounting looks like dead end of Accounting - Not sureICAI has included Guidance notes in Advanced Accounting. There are only 5 other topics in Advanced Accounting which means each Guidance Note will now be tested in much deeper sense. In my opinion, it is too early to introduce Guidance notes. The syllabus of Foundation or Group 1 Accounts could have been spread over and shared with Group II Accounts, but ICAI seems to have decided something. I am adding an attention flag, it doesn’t seem appropriate.Audit subject seems quite improved in content - Very Good Move.The Auditing subject under the old course was too simple & pointless. Now the subject has been divided into topics as we have in Audit Plans. This is a significant improvement from the old syllabus as now it seems to include more practical subjects. We will only know how much they have improved the subject when the books are published, but as of now, looking at the topics, it looks convincing.Business Economics seems repetitive - Not so good moveFinancial Management is same as before, and now it feels like the only subject which is true value for marks. There is no cramming of topics in this subject and 60 marks is appropriate. However, the balance 40 marks Business Economics is like History of Finance & India Economy, which is good stuff, but these topics are already covered in Class 11th & 12th. Students already get the basic knowledge of Economics before CA course, so Business Economics seems repetitive. Again this would be a purely theoretical subject from the syllabus, a big question mark here.IT subject streamlined, SM same as before - That’s awesome!In original draft syllabus, ICAI had kept Information Technology subject in tact, but they have now streamlined the subject. As you can see the name is now “Business Information Systems”, thus, certain topics from ISCA will be introduced in IT subject. Only topics which are really very relevant have been retained. Strategic Management has been kept in tact. I wish there are more Case Laws in both IT and SM, it would have made subject more relevant. In CMA course, there are case laws from industry mentioned in Study Material, for students to understand concepts practically which are not asked in exams. I hope ICAI either now or later introduces such case laws.FINAL STAYS FINALFinancial Reporting has fewer topics, means more difficult- Not sureThe syllabus of Financial Reporting stays same except for exclusion of certain topics and shifting them to Intermediate level. Now although looking at syllabus, a student may think of it as a scoring subject, I feel the Financial Reporting subject will get more tougher because the topics which have been eliminated were the easier ones. This seems like a Lion’s den to me. Accident prone zone. Guidance Notes are going to bring in tough questions.Financial Management now looks interesting - Very Good moveThe old syllabus didn’t cover valuation in depth. Now there is an entirely new chapter on valuations. Besides, introduction of Islamic Finance is a great move. It would be an interesting topic to read, not sure about exam questions, as they would probably be theoretical. Interest rate risk management has been added considering the need of hour. The syllabus seems better, but I expect inclusion of Practical case studies like ICMAI modules which helps in understanding the practical aspects which students cannot learn in articleship.Advanced Auditing subject seems same - Requesting Case StudiesAdvanced Auditing subject has only been consolidated in a better manner. The subject under old syllabus lacked case studies and I feel the same would happen in new course as well. The way we learn Auditing and the way we apply in real world is different and this gap can only be filled in by Case Studies. Dear ICAI, Auditing is our key subject. Please include Case Studies here, make it more difficult but more practical so that it guides in real life situations as well.Allied Laws is like ‘Yeh bhi padhlo, woh bhi padhlo’ - Worst moveEither increase the weightage of Allied Laws or reduce the number of laws. ICAI did neither of them, but only included more laws without improving the weightage. This subject looks so crammed up. It was already so crammed up, and now they further added more laws to it. Now there are 17 Laws for 30 marks! I won’t say a word further about this, since you know, at the end of the day …Strategic Cost Management & Performance Evaluation, Copy cats! This war between ICMAI & ICAI is getting hotter - Great moveThis is an open war with ICMAI. In Cost & Management Accountant course, you have exactly the same subject at Final level with same name and same topics. This subject is certainly introduced to keep competition with ICMAI in check. This is great subject, in my opinion. It was the biggest difference between CA and CMA course which has now been eliminated. This subject might be partially practical and partially theory. Quantitative techniques have been reduced to four topics which is a good move. I wonder, would ICAI and ICMAI merge in future? They are eating each other’s scope, crossing the lines & raiding territories. When will this war come to an end!ISCA teachers go Jobless; Faith in ICAI restored - Legendary move!In draft curriculum, ISCA was retained with some relevant topics only. However, in Final Draft, they have removed the entire subject and introduced concept of ‘Elective Paper’. This is an absolutely welcome move. The choices in elective paper are nice. In future we may have more elective papers being introduced as per need. Now ISCA is covered in Advanced ICITSS course where ISCA would be an Online / OMR exam with multiple choice questions. ISCA wasn’t entirely relevant, hence they move the important topics to IT subject in Intermediate and some parts to the ICITSS course where I believe it won’t be too difficult. Now we will have Chartered Accountants with one specialization area. This is the future we were talking about. Hatsoff to ICAI, people in committee who stood for this suggestion.Direct Taxes is now more Comprehensive - Good moveThere is now a separate section for International Taxation which is actually very important. The 70 marks syllabus for Direct Taxes is same as before, however, I expect now questions would be more advanced and related to Assessment procedures as the Basic part has been covered in Intermediate level. Direct Taxes subject will require more practical knowledge, case laws would become important. Simple calculation questions won’t be asked.GST is the New Subject - Not ICAI, it’s Ex-FM Jaitley’s good move!The credit for this subject cannot be given to ICAI. It truly belongs to Arun Jaitley’s thoughtfulness and approach. GST is going to be effective soon and the new syllabus will include GST. There is nothing to worry about, as one GST law for 70 marks means many simple questions will also be asked. I am pretty sure, the first few attempts will see, many simple papers. Subject will be easier to pass & score than the other subjects especially because the syllabus isn’t vast and nor difficult. The Law is new and therefore, there aren’t as many complications as in case of Excise. Further, very few case laws would be applicable for first few years, almost negligible.OTHER CHANGESISCA exists, but in a different manner - Good moveThere has been a lot of confusion over ISCA subject, but the above picture will guide you. ISCA is not a theoretical subject anymore, nor it is part of CA Final. It is now a part of AICITSS course as a MCQ pattern paper. This exam will be similar to the old ITT exams, however, with a significant change in the syllabus.You can switch to New Course at any time - As expectedAs mentioned in above FAQ 41, you are allowed to switch over to new course at any point of time if you wish to. Probably the option would exist in the Examination Form that you fill up.Pass any Group of Articleship - A move for benefit of students.You can pass any Group of Intermediate, complete ICITSS training and start Articleship i.e. even after passing Group II, you can start Articleship.Combining IT Training & GMCS - Good move.ITT, Orientation & GMCS have been combined to form ICITSS and Advanced ICITSS. The first one has to be done prior to Articleship, while the other one in last two years of articleship.Final exam 2.5 years rule retained same as before - Good decisionIn Draft rules, it was mentioned, final exams can be given only after completing entire 3 years training. However, ICAI has after re-thinking, restored the rule to same as before i.e. after 2.5 years you can give your final exams.Alert! Irrespective of your Registration, ITT/Orientation/GMCS will be under New ICITSS course only - owing to administrative reasonsEven if you are registered under old course and you have not completed your GMCS or Orientation & ITT course by 30th June, you will be required to pursue ICITSS course instead of existing courses.Conclusion: Almost all remarks are appreciative. See why I am happy. There is change and the change is good. This is something that everyone will accept. The only problem here is, we are human beings. We have a lot of expectations. Our expectations have no boundaries and therefore, the more we think, the more we will be discontent. I feel happy that atleast some appropriate changes have been done. There can be so many more changes that we could imagine, but the Expert committee does consist of Experts who would have considered everything. No point in pondering over what could have been done or what should have been done, since at the end of the day …Friends who feel there could have been more changes or better changes - Yes, maybe you are right. However, let’s first appreciate the changes that have come after waiting for a decade and stay happy with what’s happening, instead of bothering over something that is not happening or not going to happen atleast in next few years.Edit 1 : The answer has been updated to reflect changes between draft curriculum & final curriculum. Feel free to ask queries about New curriculum in comments. If queries are personal, visit my profile for contact details.Related queries[1] In the CA final paper 6, which subject will have better career options?[2] What is the most significant change in new curriculum of the CA course?[3] Who will be most adversely affected by the new curriculum of CA course?Footnotes[1] http://resource.cdn.icai.org/45557bos35643.pdf[1] http://resource.cdn.icai.org/45557bos35643.pdf[1] http://resource.cdn.icai.org/45557bos35643.pdf[1] http://resource.cdn.icai.org/45557bos35643.pdf[2] http://resource.cdn.icai.org/45099bos35101cpc.pdf[2] http://resource.cdn.icai.org/45099bos35101cpc.pdf[2] http://resource.cdn.icai.org/45099bos35101cpc.pdf[2] http://resource.cdn.icai.org/45099bos35101cpc.pdf[3] http://resource.cdn.icai.org/45100bos35101ipc.rar[3] http://resource.cdn.icai.org/45100bos35101ipc.rar[3] http://resource.cdn.icai.org/45100bos35101ipc.rar[3] http://resource.cdn.icai.org/45100bos35101ipc.rar

Each registered person is required to file an electronic return under the GST. A "Tax Return" is a kind of document showing the record of a taxpayer's supplies (Sales and purchase). The requirement for such a type of document is at the time of paying the tax to the government. The payment of the tax depends on the sales (Output supplies) declared by the taxpayer in the tax return to the government. Here are the types of returns to be filed.GSTR – 1: Return filed for outward suppliesIt is a monthly/quarterly return of outward supplies (Sales and/or RCM supplies) where a registered taxpayer pays taxes under GST. This monthly report contains all the details of the business' sales transactions with in a tax period.GSTR-2A: Read-only documentIt is kind of a read-only document that is used to suit all the information submitted in GSTR-1 or GSTR-5 by the supplier. It is an auto-populated form, created when GSTR-1 is filed by the taxpayer. The document does not need to be submittedGSTR – 3B: Summary of Inward and Outward SuppliesIt is a kind of consolidated summary return type of form that includes details of supplies inward and outward. This is a self-declaration form that shows the taxpayer's description of the taxpayer's GST obligations for a given tax period of time. It is considered to be the review of all the transactions that took place during the previous month or months (purchase, selling, and expenses). It must be filed by the 20th of the month for which you are filing. If no transaction has been undertaken, even then the taxpayer would be liable to file a nil return for each month.GSTR – 4/CMP-08: Return for Composition DealersGSTR-4 is the return which was to be filed by taxpayers who have opted Composition Scheme under GST Law (As per section 10 of CGST Act, 2017). CMP-08 is the return which has replaced the now erstwhile GSTR-4. The Composition Scheme is a scheme in which taxpayers with turnover up to Rs.1.5 crores can opt composition scheme and pay taxes at a fixed rate on the turnover declared by registered person. CMP-08 filed quarterly basis.GSTR-5: Return for NRIIt is a monthly return that is filed by a Non-Resident foreign (NRI) taxable person. This return includes all the details of inward, outward, interest, penalties, any other taxable amount.GSTR-5A: For Non-Resident OIDAR Service ProvidersAs per the GST Act, a return under Form GSTR 5A has to be filed monthly. The due date of filing GSTR 5A is within 20th day of the succeeding month.GSTR-6: Return for Input Service DistributorGSTR-6 is x basically filed by the input service distributor and it includes all the details of the input tax credit for a particular month.GSTR-7 Return on TDSThis is a kind of monthly return that is filed by the persons who are required to deduct TDS under GST. This form contains the details of TDS deducted and the due date to file the return is 10th of the next month.GSTR-8 Return for TCS (By e-commerce operators)GSTR-8 is a monthly return filed by e-commerce operators obligated to collect tax at source. This return represents the purchases rendered through an e-commerce platform along with the amount of tax received from the goods and services suppliers.GSTR-9 Annual returnGSTR 9 is an annual report that taxpayers who are enrolled under GST will file annually. Some of the points to note: It consists of information regarding the outward and inward supplies made/received under various tax heads during the year in question.It is a combined version of all of the monthly/quarterly returns filed in that year (GSTR-1, GSTR-2A, and GSTR-3B).GSTR-9CGSTR-9C is the reconciliation statement to be filed by all taxpayers registered under GST whose turnover exceeds Rs. 2 crore in a financial year but for F.Y 2018-19 turnover limit is Rs. 5 crore or more. The registered person has to get their books of accounts audited by a Chartered/Cost Accountant. The statement of reconciliation is between these audited financial statements of the taxpayer and the annual return GSTR-9 that has been filed.GSTR-10GSTR-10 is to be filed by a taxable person whose registration has been cancelled or surrendered. This return is also called a final return and has to be filed within 3 months from the date of cancellation or cancellation order, whichever is earlier.GSTR-11GSTR-11 is the return to be filed by persons who have been issued a Unique Identity Number (UIN) in order to get a refund under GST for the goods and services purchased by them in India. UIN is a classification made for foreign diplomatic missions and embassies not liable to tax in India, for the purpose of getting a refund of taxes. GSTR-11 will contain details of inward supplies received and refund claimed.

Toggle navigationCOURSESign In / Sign UpPast Year PapersCA Intermediate Syllabus (New) For May and Nov 2018 and Chapter wise WeightageBy Admin |150 Views (0) (0)Check CA Intermediate (Earlier CA IPCC) Revised Syllabus for May 2018 and November 2018 and Marks Weightage. In our latest articles, we have given CA IPCC Study Material & Practice Manual For Nov 2017 and CA IPCC RTP For November 2017. Today we are providing CA Intermediate Group - 1 and Group - 2 new syllabus which is applicable from May 2018 attempt. There are 8 papers in CA Intermediate I;e Accounting, Corporate and Other Laws, Cost and Management Accounting, Taxation, Advanced Accounting, Auditing and Assurance, Enterprise Information Systems & Strategic Management and Financial Management & Economics for Finance. May 2019 is the last attempt to write CA IPCC in old syllabus. Later, old registration students should also write CA Intermediate in new syllabus. Now check CA Intermediate course syllabus and marks weightage.CA Intermediate Accounting Syllabus(One paper – Three hours – 100 Marks)Weightage: 20% to 25%1. Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRS; convergence or adoption; objective and concepts of carve outs.2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)3. Applications of Accounting Standards:- AS 1: Disclosure of Accounting Policies- AS 2: Valuation of Inventories- AS 3: Cash Flow Statements- AS 4: Contingencies and Events occurring after the Balance Sheet Date- AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies- AS 10: Property, Plant and Equipment- AS 11: The Effects of Changes in Foreign Exchange Rates- AS 12: Accounting for Government Grants- AS 13: Accounting for Investments- AS 16: Borrowing Costs- AS 17: Segment Reporting- AS 22: Accounting for Taxes on IncomeWeightage: 25% to 30%4. Company Accounts- Redemption of preference shares- Redemption of debentures- Accounting for bonus issue and right issue- Accounting for tax: Concept of deferred tax asset and deferred tax liability in line with AS 22 “Accounting for Taxes”- Managerial Remuneration- Preparation of financial statements – Statement of Profit and Loss, Balance Sheet and Cash Flow Statement- Profit (Loss) prior to incorporation;Weightage: 30% to 35%5. Accounting for Special Transactions:- Investment- Insurance claims for loss of stock and loss of profit- Hire - purchase and Instalment Sale Transactions6. Special Type of Accounting- Departmental Accounting- Accounting for Branches including foreign branches- Accounts from Incomplete RecordsWeightage: 15% to 20%7.Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.Note : If either a new Accounting Standards (AS), Announcements and Limited Revisions to AS are issued or the earlier one are withdrawn or new AS, Announcements and Limited Revisions to AS are issued in place of existing AS, Announcements and Limited Revisions to AS, the syllabus will accordingly include/exclude such new developments in the place of the existing ones with effect from the date to be notified by the Institute.CA Intermediate Corporate and Other Laws Syllabus(One paper – Three hours - 100 Marks)Part 1: Company Law (60 Marks)The Companies Act, 2013 – Sections 1 to 148Weightage: 30% to 40%- Preliminary- Incorporation of Company and Matters Incidental thereto- Prospectus and Allotment of Securities- Share Capital and DebenturesWeightage: 30% to 40%- Acceptance of Deposits by companies- Registration of Charges- Management and AdministrationWeightage: 25% to 35%- Declaration and payment of Dividend- Accounts of Companies- Audit and AuditorsNote: The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.Part 2: Other Laws (40 Marks)1.The Indian Contract Act, 1872 (Specific contracts covered from section 123 onwards): Contract of Indemnity and Guarantee, Bailment, Pledge, Agency Weightage: 25% to 35%2.The Negotiable Instruments Act, 1881: Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Negotiability, Assignability, Right and Obligation of parties, presentment of Instruments, Rules of Compensation Weightage: 20% to 35%3.The General Clauses Act, 1897: Important Definitions, Extent and Applicability, General Rules of Construction, Powers and Functionaries, Provisions as to Orders, Rules, etc. made under Enactments, Miscellaneous Weightage: 20% to 25%4.Interpretation of statutes: Rules of Interpretation of statutes, Aids to interpretation, Rules of Interpretation/construction of Deeds and Documents Weightage: 15% to 25%Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute. Similarly, if any existing legislation ceases to have effect, the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute.The specific inclusions/exclusions in the various topics covered in the syllabus will be effected every year by way of Study Guidelines, if required.CA Intermediate Cost and Management Accounting Syllabus(One Paper- Three hours- 100 Marks)Weightage: 10% to 15%1.Overview of Cost and Management Accounting(i) Introduction to Cost and Management Accounting- Objectives and Scope of Cost and Management Accounting,- The users of Cost and Management accounting information- Functions of management accounting.- Role of cost accounting department in an organisation and its relation with other departments.- Installation of Costing System- Relationship of Cost Accounting, Financial Accounting, Management Accounting and Financial Management.- Cost terms and Concepts- Cost Reduction and Cost Control- Elements of Costs- Cost behavior pattern, Separating the components of fixed, variable, semi- variable and step costs.- Methods of Costing, Techniques of Costing.- Cost Accounting with use of Information Technology.(ii) Elements of Cost and preparation of Cost Sheets- Functional classification and ascertainment of cost- Preparation of Cost Sheets for Manufacturing sector and for Service sectorWeightage: 35% to 40%2. Ascertainment of Cost and Cost Accounting System(i) Material Cost- Procurement procedures- Store procedures and documentation in respect of receipts and issue of stock, Stock verification,- Valuation of material receipts,- Inventory control* Techniques of fixing level of stocks- minimum, maximum, re-order point, safety stock, determination of optimum stock level,* Determination of Optimum Order quantity- Economic Order Quantity (EOQ),* Techniques of Inventory control- ABC Analysis, Fast, Slow moving and Non moving (FSN), High, Medium, Low (HML), Vital, Essential, Desirable (VED), Just-in-Time (JIT)- Stock taking and perpetual inventory system, use of control ratios,- Inventory Accounting- Consumption- Identification with products of cost centres, Basis for consumption entries in financial accounting, monitoring consumption.(ii)Employee Cost- Attendance and Payroll procedures* Elements of wages- Basic pay, Dearness Allowance, Overtime, Bonus, Holiday and leave wages, Allowances and perquisites.- Employee Cost Control- Employee Turnover- Methods of calculating employee turnover, causes of employee turnover, effects of employee turnover.- Utilisation of Human Resource, Direct and indirect employee Cost, charging of employee cost, Identifying employee hours with work orders or batches or capital jobs.- Remuneration systems and incentive schemes* Time Rate System, Piece Rate System, Differential piece rate system, Calculation of wages, Effective Wages.(iii) Direct Expenses- Direct expenses- Nature of Direct or Chargeable expenses.- Sub-contracting- Control on material movements, Identification with the main product or service.(iv) Overheads- Functional analysis- Factory, Administration, Selling, Distribution, Research and Development.- Behavioral analysis- Fixed, Variable and Semi- Variable.- Allocation and Apportionment of overheads using Absorption Costing Method.- Factory Overheads- Primary and secondary distribution,- Administration Overheads- Method of allocation to cost centres or products,- Selling & Distribution Overheads- Analysis and absorption of the expenses in products/ customers, impact of marketing strategies, cost effectiveness of various methods of sales promotion.- Treatment of Research and development cost in cost accounting.(v) Concepts of Activity Based Costing (ABC)(vi) Recording and Accounting of Costs- Non-integrated Cost Accounting system- Ledger under non-integral system- Integrated (Cost and Financial) Accounting system- Ledgers under integral system.- Difference between the Nonintegrated and Integrated Accounting system.- Reconciliation of profit as per Cost and Financial Accounts (under Non- Integrated Accounting System).Weightage: 25% to 30%3.Methods of Costing(i) Single Output/ Unit Costing(ii) Job Costing: Job cost cards and databases, collecting direct costs of each job, attributing overheads to jobs, Application of job costing.(iii) Batch Costing: Determination of optimum batch quantity, Ascertainment of cost for a batch, Preparation of batch cost sheet, Treatment of spoiled and defective work.(iv) Contract Costing- Ascertainment of cost of a contract, Progress payment, Retention money, Escalation clause, Cost plus contract, Value of work certified, Cost of Work not certified.- Determination Value of work certified, Cost of work not certified, Notional or Estimated profit from a contact.(v) Process/ Operation Costing- Process cost recording, Process loss, Abnormal gains and losses, Equivalent units of production, Inter-process profit, Valuation of work in process.- Joint Products- Apportionment of joint costs, Methods of apportioning joint cost over joint products,- By-Products- Methods of apportioning joint costs over by-products, treatment of By-product cost.(vi) Costing of Service Sectors- Determination of Costs and Prices of services of following sectors/ Industries:* Transport, Toll roads, Hospitals, Canteen/ Restaurants, Hotels/ Lodges, Educational Institutions, Financial Institutions/ Banks, Insurance, IT sector and other services.Weightage: 20% to 25%4.Cost Control and Analysis(i) Standard Costing- Setting up of Standards, Types of Standards, Standard Costing as method of performance measurement.- Calculation and Reconciliation of Cost Variances* Material Cost Variance, employee Cost Variance, Variable Overheads Variance and Fixed Overhead Variance.(ii) Marginal Costing- Basic concepts of marginal costing, Contribution margin, Break-even analysis, Break –even and profit volume charts, Contribution to sales ratio, Margin of Safety, Angle of Incidence, Cost-Volume-Profit Analysis (CVP), Multi- product break- even analysis, Consideration of Limiting factor (key factor),- Determination of Cost of a product/ service under marginal costing method, determination of cost of finished goods, work-in-progress,- Comparison of Marginal costing with absorption costing method- Reconciliation of profit under the both methods,- Short term decision making using the above concepts (basic / fundamental level).(iii) Budget and Budgetary Control- Meaning of Budget, Essentials of Budget, Budget Manual, Budget setting process, Preparation of Budget and monitoring procedures.- The use of budget in planning and control- Flexible budget, Preparation of Functional budget for operating and non- operating functions, Cash budget, Master budget,- Introduction to Principal/ Key budget factor, Zero Based Budgeting (ZBB), Performance budget, Control ratios and Budget variances.CA Intermediate Taxation Syllabus(One paper ? Three hours – 100 Marks)Section A: Income Tax Law (60 Marks)Weightage: 5% to 10%1. Basic Concepts- Income-tax law: An introduction- Important definitions in the Income-tax Act, 1961- Concept of previous year and assessment year- Basis of Charge and Rates of TaxWeightage: 10% to 15%2. Residential status and scope of total income- Residential status- Scope of total incomeWeightage: 25% to 30%3.Incomes which do not form part of total income (other than charitable trusts and institutions, political parties and electoral trusts)- Incomes not included in total income- Tax holiday for newly established units in Special Economic Zones4.Heads of income and the provisions governing computation of income under different heads- Salaries- Income from house property- Profits and gains of business or profession- Capital gains- Income from other sourcesWeightage: 15% to 20%5.Income of other persons included in assessee's total income- Clubbing of income: An introduction- Transfer of income without transfer of assets- Income arising from revocable transfer of assets- Clubbing of income of income arising to spouse, minor child and son’s wife in certain cases- Conversion of self-acquired property into property of HUF6. Aggregation of income; Set-off, or carry forward and set-off of losses- Aggregation of income- Concept of set-off and carry forward and set-off of losses- Provisions governing set-off and carry forward and set-off of losses under different heads of income- Order of set-off of losses7. Deductions from gross total income- General provisions- Deductions in respect of certain payments- Specific deductions in respect of certain income- Deductions in respect of other income- Other deductionsWeightage: 20% to 25%8. Computation of total income and tax liability of individuals- Income to be considered while computing total income of individuals- Procedure for computation of total income and tax liability of individualsWeightage: 10% to 15%9. Advance tax, tax deduction at source and introduction to tax collection at source- Introduction- Direct Payment- Provisions concerning deduction of tax at source- Advance payment of tax- Interest for defaults in payment of advance tax and deferment of advance tax- Tax collection at source – Basic concept- Tax deduction and collection account number10. Provisions for filing return of income and self-assessment- Return of Income- Compulsory filing of return of income- Fee and Interest for default in furnishing return of income- Return of loss- Provisions relating to belated return, revised return etc.- Permanent account number- Persons authorized to verify return of income- Self-assessmentSection B: Indirect Taxes (40 Marks)Weightage: 30% to 35%1.Concept of indirect taxes- Concept and features of indirect taxes- Principal indirect taxes2.Goods and Services Tax (GST) Laws- GST Laws: An introduction including Constitutional aspects- Levy and collection of CGST and IGST* Application of CGST/IGST law* Concept of supply including composite and mixed supplies* Charge of tax* Exemption from tax* Composition levy- Basic concepts of time and value of supply- Input tax creditWeightage: 20% to 30%- Computation of GST liabilityWeightage: 25% to 40%- Registration- Tax invoice; Credit and Debit Notes; Electronic waybill- Returns- Payment of tax including reverse chargeWeightage: 0% to 5%- Concept of indirect taxes - Concept and features of indirect taxes; Principal indirect taxes- GST Laws: An introduction including Constitutional aspectsNote – If any new legislation(s) is enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in place of the existing legislations) with effect from the date to be notified by the Institute. Similarly, if any existing legislation ceases to have effect, the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute. Students shall not be examined with reference to any particular State GST Law.Consequential/corresponding amendments made in the provisions of the Income-tax law and Goods and Services Tax laws covered in the syllabus of this paper which arise out of the amendments made in the provisions not covered in the syllabus will not form part of the syllabus. Further, the specific inclusions/exclusions in the various topics covered in the syllabus will be effected every year by way of Study Guidelines. The specific inclusions/exclusions may also arise due to additions/deletions every year by the annual Finance Act.Group 2CA Intermediate Advanced Accounting Syllabus(One paper – Three hours – 100 Marks)Weightage: 20% to 25%1.Accounting Standards:- AS 7: Construction Contracts AS 9 : Revenue Recognition- AS 14: Accounting for Amalgamations- AS 18 : Related Party Disclosures- AS 19: Leases- AS 20 : Earnings Per Share- AS 24 : Discontinuing Operations- AS 26 : Intangible Assets- AS 29 : Provisions, Contingent Liabilities and Contingent Assets.2. Application of Guidance Notes issued by the ICAI on specified accounting aspects. Company AccountsWeightage: 35% to 40%3.Special Aspects of Company Accounts- Accounting for employee stock option plan- Buyback of securities- Equity shares with differential rights- Underwriting of shares and debentures.4.Reorganization of Companies- Accounting for Amalgamation (excluding inter-company holding) and reconstruction- Accounting involved in liquidation of companies.Weightage: 15% to 20%5.Financial Reporting of Banking, Financial Services and Insurance (BFSI)- Insurance companies,- Banking companies and- Non-Banking Financial Companies- Mutual funds and regulatory requirements thereof.Weightage: 20% to 25%6.Valuation of goodwill7.Consolidated Financial StatementsConcept of consolidation and simple problems on Consolidated Financial Statements with single subsidiary (excluding problems involving acquisition of Interest in Subsidiary at Different Dates; Different Reporting Dates; Disposal of a Subsidiary and Foreign Subsidiaries)Notes :1.If either a new Accounting Standards (ASs), Announcements and Limited Revisions to ASs are issued or the earlier one are withdrawn or new ASs, Announcements and Limited Revisions to AS are issued in place of existing ASs, Announcements and Limited Revisions to AS, the syllabus will accordingly include/exclude such new developments in the place of the existing ones with effect from the date to be notified.2.The specific inclusions/exclusions, in any topic covered in the syllabus, will be effected every year by way of Study Guidelines. The list of applicable Guidance Notes in Accounting will also form part of the Study Guidelines.CA Intermediate Auditing and Assurance Syllabus (100 Marks)(One paper – Three hours – 100 Marks)Weightage: 20% to 25%1.Nature, Objective and Scope of AuditAuditing Concepts: Nature, objective and scope of Audit; Relationship of auditing with other disciplines;Standard Setting Process: Overview, Standard-setting process, Role of International Auditing and Assurance Standards Board (IAASB) & Auditing and Assurance Standards Board (AASB); Standards on Auditing, Guidance Note(s) issued by the ICAI;Engagement Standards: Qualities of Auditor, Elements of System of Quality Control (SQC 1 Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements); Ethical requirements relating to an audit of financial statements; Inherent Limitations of an audit (SA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing); Preconditions for an audit; Audit Engagement; Agreement on Audit Engagement Terms; Terms of Engagement in Recurring Audits (SA 210 Agreeing the Terms of Audit Engagements); Leadership Responsibilities for Quality on Audits; Concept of Auditor’s Independence; Threats to Independence; Acceptance and Continuance of Client Relationships and Audit Engagements (SA 220 Quality Control for an Audit of Financial Statements).2.Audit Strategy, Audit Planning and Audit ProgrammeAudit Strategy; Audit planning (SA 300); Audit programme; Development of Audit Plan and Programme, Control of quality of audit work - Delegation and supervision of audit work; Materiality and Audit Plan; Revision of Materiality; Documenting the Materiality; Performance Materiality (SA 320 Materiality in Planning and Performing an Audit).Weightage: 5% to 15%3.Audit Documentation and Audit EvidenceConcept of Audit Documentation; Nature & Purpose of Audit Documentation; Form, Content & Extent of Audit Documentation; Completion Memorandum; Ownership and custody of Audit Documentation (SA 230 Audit Documentation); Audit procedures for obtaining audit evidence; Sources of evidence; Relevance and Reliability of audit evidence; Sufficient appropriate audit evidence, Evaluation of Audit Evidence (SA 500 Audit Evidence); Written Representations as Audit Evidence; Objective of Auditor regarding Written Representation; Management from whom Written Representations may be requested; Written Representations about Management’s Responsibilities (SA 580 Written Representations); Obtaining evidence of existence of inventory; Audit procedure to identify litigation & claims (SA 501 Audit Evidence - Specific Considerations for Selected Items); External confirmation procedures; Management's refusal to allow the auditor to send a confirmation request; Negative Confirmations (SA 505 External Confirmations); Audit evidence about opening balances; Accounting policies relating to opening balances; Reporting with regard to opening balances (SA 510 Initial Audit Engagements-Opening Balances); Meaning of Related Party; Nature of Related Party Relationships & Transactions; Understanding the Entity's Related Party Relationships & Transactions (SA 550 Related Parties); Meaning of Subsequent Events; Auditor's obligations in different situations of subsequent events (SA 560 Subsequent Events); Responsibilities of the Auditor with regard to Going Concern Assumption; Objectives of the Auditor regarding Going Concern; Events or Conditions that may cast doubt about Going Concern Assumption; Audit Procedures when events or conditions are identified (SA 570 Going Concern).Weightage: 10% to 15%4.Risk Assessment and Internal Control: Audit Risk, Identifying and Assessing the Risk of Material Misstatement, Risk Assessment procedures; Understanding the entity and its environment; Internal control ,Documenting the Risks; Evaluation of internal control system; Testing of Internal control; Internal Control and IT Environment (SA 315 Identifying and Assessing the Risks of Material Misstatement Through Understanding the Entity and Its Environment); Materiality and audit risk (SA 320 Materiality in Planning and Performing an Audit); Internal audit, Basics of Standards on Internal Audit (SIAs) issued by the ICAI; Basics of Internal Financial Control and reporting requirements; Distinction between Internal Financial Control and Internal Control over Financial Reporting.Weightage: 15% to 20%5.Fraud and Responsibilities of the Auditor in this Regard: Responsibility for the Prevention and Detection of Fraud; Fraud Risk Factors; Risks of Material Misstatement Due to Fraud; Communication of Fraud (SA 240 The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements); Provisions of the Companies Act 2013 relating to fraud and rules thereunder including reporting requirements under CARO.6.Audit in an Automated Environment: Key features, Impact of IT related Risks, Impact on Controls, Internal Financial Controls as per Regulatory requirements, Types of Controls, Audit approach, Understanding and documenting Automated environment, Testing methods, data analytics for audit, assessing and reporting audit findings.7.Audit Sampling: Meaning of Audit Sampling; Designing an audit sample; Types of sampling; Sample Size and selection of items for testing; Sample selection method (SA 530 Audit Sampling).8.Analytical Procedure: Meaning, nature, purpose and timing of analytical procedures; Substantive analytical procedures, Designing and performing analytical procedures prior to Audit; investigating the results of analytical procedures (SA 520 Analytical Procedures).Weightage: 10% to 15%9.Audit of Items of Financial Statements: Audit of sale of Products and Services; Audit of Interest Income, Rental Income, Dividend Income, Net gain/loss on sale of Investments etc.Audit of Purchases, Employee benefits expenses, Depreciation, Interest expense, Expenditure on Power & Fuel, Rent, Repair to building, Repair to Machinery, Insurance, Taxes, Travelling Expenses, Miscellaneous Expenses etc.Audit of Share Capital, Reserve & Surplus, Long Term Borrowings, Trade Payables, Provisions, Short Term Borrowings & Other Current Liabilities. Audit of Land, Buildings, Plant & Equipment, Furniture & Fixtures, Vehicles, Office Equipments, Goodwill, Brand/Trademarks, Computer Software etc. Audit of Loan & Advances, Trade Receivable, Inventories, Cash & Cash Equivalent, Other Current Assets. Audit of Contingent Liabilities.(The list of items is illustrative only)10.The Company Audit: Eligibility, Qualifications and Disqualifications of Auditors;Appointment of auditors; Removal of auditors; Remuneration of Auditors; Powers and duties of auditors; Branch audit; Joint audit; Reporting requirements under the Companies Act, 2013 including CARO; Other Important Provisions under the Companies Act, 2013 relating to Audit and Auditors and Rules made thereunder.Weightage: 5% to 15%11.Audit Report: Forming an opinion on the Financial Statements; Auditor's Report- basic elements (SA 700 Forming an Opinion and Reporting on Financial Statements); Types of Modified Opinion; Circumstances When a Modification to the Auditor’s Opinion is Required (SA 705 Modification to the Opinion in the Independent Auditor’s Report); Qualification, Disclaimer, Adverse opinion (SA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent, Auditor’s Report); Nature of Comparative Information; Corresponding Figure; Comparative Financial Statements (SA 710 Comparative Information– Corresponding Figures and Comparative Financial Statements).Weightage: 10% to 20%12.Audit of Banks: Understanding of accounting system in Banks, Audit Approach, Audit of Revenue items, Special Consideration in Bank Audit with emphasis on Advances and NPAs.13.Audit of Different Types of Entities: Appointment of Auditor, Audit Procedure. Audit Report in respect of different Category of Entities mentioned below: government; Local bodies and not-for-profit organizations; Partnership Firms, Audit of different type of undertakings, i.e., Educational institutions, Hotels, Clubs, Hospitals Basics of Limited Liability Partnerships (LLPs) audit and Co-operative Societies Audit.Note:- The specific inclusions/exclusions, in any topic covered in the syllabus, will be effected every year by way of Study Guidelines.- The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.- If new legislations/ Standards on Auditing/Guidance Notes/Statements are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute. The changes in this regard would also form part of Study Guidelines.CA Intermediate Enterprise Information Systems and Strategic Management Syllabus(One paper – Three hours – 100 Marks)Section A: Enterprise Information Systems (50 Marks)Weightage: 15% to 25%1. Automated Business Processes- Introduction to Enterprise Business Processes, Benefits, Risks and Controls;- Diagrammatic representation of business processes using Flowcharts;- Risks and controls for specific business processes: Procure to pay (P2P), Order to cash, Inventory Cycle, Hire to Retire, Supply Chain Management, Fixed Assets etc.- Applicable regulatory and compliance requirements including computer related offences, privacy, cybercrime, Sensitive Personal Data Information of Information Technology Act, 2000Weightage: 15% to 25%2. Financial and Accounting Systems- Integrated (ERP) and non-integrated systems with related risks and controls;- Business process modules and their integration with Financial and Accounting systems.- Reporting Systems and MIS, Data Analytics and Business Intelligence- Business Reporting and fundamentals of XBRL (eXtensible Business Reporting Language).- Applicable regulatory and compliance requirementsWeightage: 15% to 25%3. Information Systems and Its Components- Components of Automated Information Systems: Application Systems, Database, Network and Operating System with related risks and controls.- Mapping of Organization structure with segregation of duties in Information Systems.Weightage: 15% to 25%4. E-Commerce, M-Commerce and Emerging Technologies- Components and Architecture of E-Commerce and M-Commerce with related risks and controls- Business process flow with its related risks and controls- Applicable regulatory and compliance requirements- Emerging technologies with its related risks and controlsWeightage: 15% to 25%5.Core Banking Systems- Components and Architecture of CBS and related risks and controls- Core modules of banking and Business process flow and its related risks and controls- Reporting Systems and MIS, Data Analytics and Business Intelligence- Applicable regulatory and compliance requirementsSection B: Strategic Management (50 Marks)Weightage: 10% to 15%1. Introduction to Strategic Management- Business Policy- Meaning and Nature of Strategic management- Business Strategy- Strategic Levels in Organizations- Strategic Management in Government and Not-for-profit organizationWeightage: 10% to 15%2.Dynamics of Competitive Strategy- Competitive Landscape- Strategic Analysis- Industry and Competitive Analysis- Core Competence- Competitive Advantage- Internal and External Analysis- SWOT Analysis- GlobalizationWeightage: 10% to 15%3.Strategic Management Process- Strategic Planning- Strategic Intent - Vision, Mission and Objectives- Strategy FormulationWeightage: 10% to 15%4.Corporate Level Strategies- Concepts and Nature of Corporate Strategy- Strategic Alternatives at Corporate Level* Growth* Stability* Expansion* Business Combinations – Mergers and Acquisitions* Strategic Alliances* Turnaround* Retrenchment and RetreatWeightage: 10% to 15%5.Business Level Strategies- Competitive Strategies at Business Level- Michael Porter’s Generic Strategies- Best-Cost Provider StrategyWeightage: 10% to 15%6.Functional Level Strategies- Marketing Strategy- Financial Strategy- Operations Strategy- Human Resource Strategy- Research and DevelopmentWeightage: 10% to 15%7.Organisation and Strategic Leadership- Organisation Structure- Strategic Business Unit- Strategic Leadership- Strategy Supportive Culture- Entrepreneurship and IntrapreneurshipWeightage: 10% to 15%8.Strategy Implementation and Control- Strategy Implementation- Strategic Change- Strategic Control- Strategy Audit- Business Process Reengineering- BenchmarkingCA Intermediate Financial Management and Economics For Finance Syllabus(One paper – Three hours – 100 Marks)Section A: Financial Management (60 Marks)Weightage: 10% to 15%1.Financial Management and Financial Analysis- Introduction to Financial Management Function* Objective and scope of financial management* Role and purpose* Financial management environment* Functions of finance executives in an organization* Financial distress and insolvency.- Financial Analysis through Ratios* Users of the financial analysis* Sources of financial data for analysis* Calculation and Interpretation of ratios:^ Analysing liquidity^ Analysing leverage^ Analysing solvency^ Analysing efficiency/ activity^ Analysing profitability* Limitations of ratio analysisWeightage: 40% to 45%2. Financing Decisions- Sources of Finance* Different Sources of Finance, Characteristics of different types of long term debt and equity finance, Method of raising long term finance* Different Sources of short term Finance* Internal fund as a source of finance* International sources of finance* Other sources of finance- Sale and leaseback, Convertible debt, Venture capital, Grants etc.- Lease Financing* Concept and Classification* Significance and Limitations of Lease Financing* Financial Evaluation of Leasing Decision- Cost of Capital* Significance of cost of capital* Factors of cost of capital* Measurement of costs of individual components of capital* Weighted average cost of capital (WACC)* Marginal cost of capital* Effective Interest rate- Capital Structure Decisions* Significance of capital structure* Determinants of capital structure* Capital structure planning and designing* Designing of optimum capital structure* Theories of Capital Structure and value of the firm- relevancy and Irrelevancy of capital structure.* EBIT- EPS Analysis, Breakeven- EBIT Analysis.* Under/ Over Capitalisation.- Leverages* Types of Leverages- Operating, Financial and Combined* Analysis of leveragesWeightage: 30% to 35%3.Capital Investment and Dividend Decisions- Capital Investment Decisions* Objective of capital investment decisions* Methods of Investment appraisal:^ Payback period, Discounted payback period^ Accounting Rate of Return (ARR),^ Net Present Value (NPV) - The meaning of NPV, Strengths and limitations of NPV method, The impact of taxation on the NPV analysis, The impact of Inflation on the NPV analysis, The working capital adjustment in an NPV analysis, Capital rationing, Equivalent Annual Costs, Adjusted present value^ Internal Rate of return (IRR)- Limitations of the IRR method, Multiple IRRs,^ Modified internal Rate of Return (MIRR)- Definition and explanation of MIRR, The process for calculating MIRR, Strengths of the MIRR approach.^ Profitability Index- Adjustment of Risk and Uncertainty in Capital Budgeting Decision* Probability Analysis* Certainty Equivalent Method* Risk Adjusted Discount Rate* Monte Carlo Simulation* Decision Tree Analysis* Scenario Analysis* Sensitivity Analysis- Dividend Decisions* Basics of Dividends* Forms of dividend* Determinants of dividend* Relevancy and Irrelevancy of Dividend Policies- Traditional Approach, Walter’s model, Gordon’s model, Modigliani and Miller (MM) Hypothesis.Weightage: 10% to 15%4.Management of Working Capital- Management of Working Capital* The management of working capital- Liquidity and Profitability* The Working capital financing decisions- Primary and Secondary Sources of Liquidity* The working Capital Cycle (operating Cycle), Effectiveness of Working Capital based on its operating and cash conversion cycles* Assessment of working capital requirement* Management of Accounts Receivables (Debtors)* Factoring and Forfaiting* Management of Accounts Payables (Creditors)* Management of Inventory* Management of Cash, Treasury management* Banking norms of working capital financeSection B: Economics For Finance (Marks: 40)Weightage: 20% to 30%1.Determination of National Income- Macro Economic Aggregates and Measurement of National Income- The Keynesian Theory of Determination of National IncomeWeightage: 20% to 30%2.The Money Market- The Concept of Money Demand: Important Theories of Demand for Money- The Concept of Money Supply- Monetary PolicyWeightage: 20% to 30%3.Public Finance- Fiscal functions: An Overview.- Market Failure- Government Interventions to Correct Market Failure- Fiscal PolicyWeightage: 20% to 30%4.International Trade- Theories of International Trade- Trade Policy – The Instruments of Trade Policy- Trade Negotiations- Exchange Rates and its economic effects- International Capital Movements: Foreign Direct InvestmentI hope this article will help you to check CA intermediate course new syllabus. 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