CA IPCC – First Module Books to Refer

CA IPCC consist of total 8 subjects divided into two groups. First  group consist of four papers i.e.Accounting, Corporate and Other Laws, Cost and Management Accounting, Taxation.

Paper 1: Accounting

Syllabus

Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve outs – Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards) – Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards) – Company Accounts – Accounting for Special Transactions – Special Type of Accounting – 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

Reference Books for Accounting

1. Study Material
2. Accounting by Tulsian’s – Get Your Copy Online
3. Ready Referencer on Accounting – Buy Online
4. Accounting Standards made easy by Ravi Kanth Miriyala

Paper 2 : Corporate and Other Laws

Syllabus

Part I: Company Law (60 Marks)
The Companies Act, 2013 – Preliminary – Incorporation of Company and Matters Incidental thereto – Prospectus and Allotment of Securities – Share Capital and Debentures – Acceptance of Deposits by companies – Registration of Charges – Management and Administration – Declaration and payment of Dividend – Accounts of Companies – Audit and Auditors.

Part II: Other Laws (40 Marks)
The Indian Contract Act, 1872 – The Negotiable Instruments Act, 1881 – The General Clauses Act, 1897 – Interpretation of Statutes

Reference Books for Corporate and Other Laws

1. Study Material
2. Corporate and other Laws (for old syllabus) by Munish Bhandari – Buy Online
3. Corporate and Other Laws by CS Tejpal Sheth for New Syllabus – Buy Online (for 2018 exams)

Paper 3: Cost and Management Accounting

Syllabus
Introduction to Cost and Management Accounting – Elements of Cost and preparation of Cost Sheets – Material Cost – Employee Cost – Direct Expenses – Overheads – Concepts of Activity Based Costing (ABC) – Recording and Accounting of Costs – Single Output/ Unit Costing – Job Costing – Batch Costing – Contract Costing – Process / Operation Costing – Costing of Service Sectors – Standard Costing – Marginal Costing – Budget and Budgetary Control

Reference Books for Cost and Management Accounting

1. Study Material
2. Practice Manual
3. Cost and Management Accounting Hand Book by Padhuka – Buy Online
4. Scanner by Shuchita Prakashan

 

Paper 4: Taxation

Syllabus

Section A: Direct Taxes (60 Marks)

Basic Concepts – Residential status and scope of total income – Incomes which do not form part of total income – Heads of income and the provisions governing computation of income under different heads – Income of other persons included in assessee’s total income – Aggregation of income; Set-off, or carry forward and set-off of losses – Deductions from gross total income – Computation of total income and tax liability of individuals – Advance tax, tax deduction at source and introduction to tax collection at source – Provisions for filing return of income and self-assessment
Section B: Indirect Taxes (40 Marks)
Concept of indirect taxes – Goods and Services Tax (GST) Laws

Reference Books for Taxation

1. Study Material
3. Income Tax Part and Indirect Tax by Bangar (for 2018 exams)
4. Hand Book on Taxation by Padhuka – Buy Online

 

You are advised to order the latest edition