cash flow statement)

Preparation of financial statements as per Companies Act. (excluding

cash flow statement)

AS 1 in relation to final accounts of companies (disclosure of accounting policies)

Methods of Redemption of fully paid up Preference Shares as per Companies Act, 2013: The proceed of a fresh issue of shares, the capitalisation of undistributed profits and a combination of both, calculation of minimum fresh issue to provide the fund for redemption,

(Question on entries and/or Balance Sheet)

Note: Companies governed by Section 133 of the Companies Act, 2013 and comply with the accounting standards prescribed for them. Hence, the balance in security premium account not to be utilised for premium payable on redemption of preference shares.

Methods of redemption of debentures: By payment in lumpsum and by payment in instalments (excluding from by purchase in open market), Conversion.

(Question on entries. ledgers and/or Balance Sheet and /or redemption of preference shares).

Preparation  of  separate,  combined  and  columnar  Profit  and  Loss  Account.

including different basis of allocation of expenses/ incomes.

(b)       Trend Analysis.

(c)        Comparative Statement.

(d)       Common Size Statement.

NOTE: Practical Problems based on the above (a) to (d)

(i)         Current Ratio

(ii)        Liquid Ratio

(iii)      Stock Working Capital Ratio

(iv)      Proprietary Ratio

(v)        Debt Equity Ratio

(vi)      Capital Gearing Ratio

(i)         Gross Profit Ratio

(ii)        Expenses Ratio

(iii)      Operating Ratio

(iv)      Net Profit Ratio

(v)        Net Operating Profit Ratio

(vi)      Stock Turnover Ratio

(i)         Return on Capital employed (Including Long Term Borrowings)

(ii)        Return on proprietor’s Fund (Shareholders Fund and Preference Capital)

(iii)      Return on Equity Capital

(iv)      Dividend Pay out Ratio

(v)        Debt Service Ratio

(vi)      Debtors Turnover

(vii)     Creditors Turnover

Preparation of  Cash Flow Statement  with reference to Accounting Standard No. 3. (Indirect method only)

(A) Concept, Nature of Working Capital, Planning of Working Capital.

(B) Estimation/Projection of Working Capital Requirements in case of Trading and Manufacturing Organization.

(C) Operating Cycle Practical Problems.

Qualifications in Audit Report, Disclaimers in Audit Report

Adverse Opinion, Disclosures, Reports and Certificate

Approach to audit in CIS environment

Use of computer for internal and management audit purposes

Audit tools, test packs, computerized audit programmes

Special aspects in Audit of E-Commerce Transaction.

The Chartered Accountant Act

Schedules

Members who are deemed to be in Practice

Significance of the Certificate of Practice

Disabilities for purpose of Membership

Disciplinary Procedure

Professional Misconduct

Auditing and Investigation.

Steps in Investigation.

Special aspects in connection with Business Investigation.

Types of Investigation (only introduction).

Meaning of Due Diligence.

Purpose of Due Diligence.

Clause (2) – Accounting Standard

Clause (7) – Auditing Standard

Clause (13) – Books of Accounts

Clause (31) – Deposit

Clause (41) – Financial Year

Clause (42) – Foreign Company

Clause (47) – Independent Director

Clause (48) – Indian Depository Receipts

Clause (62) – One Person Company

Clause (85) – Small Company

Formulation of Research Problem: Meaning and Selection, Review of Literature.

Hypothesis: Formulation, Sources, Importance and Types,  Different Research designs.

Primary Data: Observation, Experimentation, Interview, Schedules, Survey, Questionnaires, Limitations of Primary Data.

Secondary Data: Sources and Limitations.

Factors affecting the choice of Method of Data Collection.

Sampling: Significance, Methods, Factors determining Sample Size.

Data Presentation: Significance in Research.

Stages in Data Processing: Editing, Coding, Classification, Tabulation, Graphic Presentation.

Statistical Analysis: Tools and Techniques, Measures of Central Tendency, Measures of Dispersion, Correlation Analysis and Regression Analysis.

Use of Computer and Internet in Data Collection and Processing.

Essentials, Structure/ Layout, Types.

Flow of business process  for accounting, purchase, sales and finance.

Classification of business processes.

Introduction, Definition and Meaning of Business Process Management.

Principles and practices of Business Process Management.

Business Process Management life cycle.

Theories of Business Management Process.

Implementation of Business process Management – need, key factors and importance.

Automation of business Processes – benefits, risks, challenges.

Accounting systems automation.

IT and Business Process Management.

Information systems – Meaning, Use of IT in accountancy.

Uses and Benefits.

Role.

Need and requirements of computerized accounting.

Basic requirements of computerized accounting system.

Limitations of computerized accounting system.

Understand the development and design of a computerized accounting system; determining how the accounting data will be processed, i.e. what accounts and books are needed and what is the desired output i.e. financial reports and other reports.

Introduction and meaning.

Advantages of accounting software.

Uses of Accounting software.

Various accounting softwares.

Accounting software TALLY – Accounting and reports.

Concept of MIS.

Need for MIS.

Characteristic of MIS.

Outputs of MIS.

Role of MIS.

Guidelines for Developing MIS reports.

Functional Aspects of the MIS.

Problems in MIS.

Knowledge required for studying MIS.

MIS and Computer.

Auditing in IT environment.

Nature of Management

Objectives of Management

Administration v/s Management

Levels of Management

Principles of Management

Process of Planning

Limitations of Planning

Features of Sound Planning

Features and Process of Decision-making

Process of Organisation

Principles of Organisation

Formal and Informal Organisation – Features, Advantages and Disadvantages

Centralisation and Decentralisation – Factors, Merits and Demerits

Departmentation and Delegation

Recruitment and its Sources

Selection Procedure

Distinction between Recruitment and Selection

Employment Tests and Types of Interview

Principles of Directing

Leadership Traits and Styles

Motivation – Importance and Factors

Co-ordination – Meaning, Features and Importance

Meaning and Steps in Controlling

Essentials of a Good Control System