Professional Documents
Culture Documents
CWAICWAIntermediateSyllabusandBooks
LoginRegister
Tweet
368
ICWAICWAICWA(2008)Inter:IntermediateSyllabusandBooks
GroupIFinancialAccounting
AccountingBooks
BasicAccounting
RecommendedBooks
ICWA :: Intermediate
Paper 5 : Financial Accounting
[One Paper: 3 hours:100 marks]
Objective . . .
To have working knowledge of accounting concepts, detailed procedures and documentation
involvedinfinancialaccountingsystem
Togainworkingknowledgeoftheprinciplesandproceduresofaccountingandtheirapplication
todifferentpracticalsituations
1.
10%
Concept
Depreciationandvariousmethodsthereof
Stockvaluation
DistinctionbetweenCapitalandRevenue
2.
10%
Royaltyaccounting
Needforhirepurchaseandinstallmentsystemsandpartiesinvolved.
Accountingfromthepointofviewvariousparties.
Possessionandrepossessionincaseofdefaultinpayments.
3.
10%
Receipts&Payments
Income&ExpenditureAccount
4.
Partnership Accounting
10%
Pastadjustmentsandguarantee
Admission&Retirement
Assignmentoflifepolicy
AmalgamationandSaleofBusiness
Dissolution,Insolvency
PiecemealDistribution
5.
10%
BranchaccountsDebtorssystem,Stock&Debtorssystem,ForeignBranch.
Treatmentofshortages.
Preparationofcommonbalancesheet.
TreatmentofUnrealizedprofit.
6. Accounting Standards
10%
http://www.futureaccountant.com/almanac/cwaicwaintermediatesyllabusreferencesreadingsbooks/g1u/#.VIGvYtKUde8
1/11
12/5/2014
6.
CWAICWAIntermediateSyllabusandBooks
Accounting Standards
10%
Applicabilityofaparticularaccountingstandard.
Interpretationofvariousaccountingstandards.
Scopeofaccountingstandards.
CompliancewiththeAccountingStandards.
7.
20%
Issuesofsharesatpar,discount&premium,forfeiture,reissueofshares
Bonusissueandrightissue
Buybackofshares
RedemptionofPreferenceofshares
Profitpriortoincorporation
Issueandredemptionofdebentures
8.
9.
10%
Constructioncompanies,ProjectAccounting
ServicesectorsuchasSoftware,ITES,Telecommunication,Entertainment,Hospital,
educationalinstitutions
Banking,ElectricityandInsurancecompanies
10%
Recommended Books
Title
Author
Publisher
AdvancedAccountancy
HrishikeshChakraborty
Oxford University
Press
ModernAccountancy
Mukherjee&Haniff
TataMcGrawHills
AdvancedAccounting
Gupta&Radhaswamy
SultanChand
AdvancedAccounts
Shukla&Grewal&Gupta
SultanChand
Accounting
standards
&
Corporate T.P.Ghosh
Taxmann
AccountingPractice
GuidetoAccountingStandard
SanjivAgarwal
AdvancedPracticalAccounts
Subrata
Mukherjee
SnowWhite
&
Anjan SultanChand
Bhattacharyya
IndianAccountingStandards
R.L.Gupta&M.Radhaswamy
SultanChand
AsianBooks
perspective
AdvancedAccountancy
M.E.ThukaramRao
New
Age
International
GroupICommercialandIndustrialLawsandAuditing
ICWA :: Intermediate
Paper 6 : Commercial & Industrial Laws and Auditing
[One Paper: 3 hours:100 marks]
Objective . . .
Togainknowledgeofsomeofimportantcommercialandindustriallawsrelatedtobusiness.
To gain working knowledge of the principles and practice of auditing and their various
applications.
http://www.futureaccountant.com/almanac/cwaicwaintermediatesyllabusreferencesreadingsbooks/g1u/#.VIGvYtKUde8
2/11
12/5/2014
CWAICWAIntermediateSyllabusandBooks
applications.
15%
Essentialelementsofavalidsimplecontract.
Legal status of the various types of statements which may be made by negotiating
parties. Enforceable offers and acceptances, and the application of the rules to
standardformcontractsandmodernformsofcommunication.
Meaningandimportanceofconsideration.
Principlesforestablishingthatthepartiesintendtheiragreementtohavecontractual
force.
Howacontractisaffectedbyamisrepresentation.
Conditionsandwarranties
Manner in which law controls use of exclusion clauses and unfair terms in consumer
andnonconsumertransactions
Levelofperformancesufficienttodischargecontractualobligations
Valid reasons for nonperformance by way of agreement, breach by the other party
andfrustration
10%
FormationofContractofsale
Conditionsandwarranties
Transferofownershipanddeliveryofgoods
Unpaidsellerandhisrights
3. Industrial Laws
20%
FactoriesAct
IndustrialDisputeAct
WorkmanCompensationAct
PaymentofWagesAct,MinimumWagesAct
ProvidentFundsAct
PaymentofBonusAct
PaymentofGratuityAct
ConsumerProtectionActetc
4. Other Laws
5%
LimitedLiabilityPartnership
RTIAct
CompetitionCommissionAct
NegotiableInstrumentsAct.
Dissolution,Insolvency
PiecemealDistribution
B. Auditing ( 50 Marks)
1. Auditing Basics
10%
Majorinfluencesofauditingnatureandscopeofauditingbasicconceptsofauditing
role of evidence in auditing auditing techniques and practices generally accepted
auditingstandardstheconceptofmaterialityinauditing.
Fixed assets, investments, inventories, debtors, loans and advances, cash and bank
balances, debentures and creditors, provisions for taxation, proposed dividend and
gratuityotheritemsinthebalancesheetverificationofitemsintheprofitandloss
accountcontingentliabilitiesdisclosureofaccountingpolicies,practiceexpenditure
during the period of construction adjustments for previous year provisions of the
CompaniesAct,1956regardingaccounts.Restructure
Statistical sampling in auditing. Use of ratios and percentages for comparison and
analysistrendsinterfirmandintrafirmcomparison.
10%
http://www.futureaccountant.com/almanac/cwaicwaintermediatesyllabusreferencesreadingsbooks/g1u/#.VIGvYtKUde8
3/11
12/5/2014
CWAICWAIntermediateSyllabusandBooks
Auditors' appointment, remuneration, removal, rights of statutory auditors, duties of
statutoryauditors,jointauditors,branchaudits.
reportversuscertificate,contentsofthereports,qualificationsinthereport.
relevantprovisionsoftheCompaniesAct,1956andtheIncometaxAct,1961.
Interfacebetweenstatutoryauditorandinternalauditor.
CorporateGovernance
15%
Nature and scope of internal auditing, financial versus operational audit concepts of
efficiencyaudit,proprietyaudit,voucheraudit,complianceaudit,preandpostaudits.
CARO
AuditReport
Internalauditingfunction
Planningandprocessofinternalaudit
Verificationofevidence,detailedcheckingversussamplingplans,statisticalsampling
asusedininternalauditingflowcharttechniques.
Internalcontrol,natureandscope,internalauditorandinternalcontrols.
Fieldwork,collectingevidences,interviewsmemoranda.
Auditnotesandworkingpapers.
Auditreportstechniquesofeffectivereportingfollowupofauditreport.
Summaryreportsoftopmanagement.
Communicationsininternalauditingimprovingauditorauditeerelationship.
ScopeofAuditCommittee
Internalauditandinvestigationoffraud
10%
5%
Recommended Books
Title
Author
Publisher
Commercial&IndustrialLaw
Sen&Mitra
WorldPress
MercantileLawIncludingIndustrialLaw N.D.Kapoor
SultanChand
BusinessLaws
Gulsan&Kapoor WileyEastern
BusinesLaws
Dr.G.K.Kapoor
SultanChand
BusinessLawincludigCompanyLaw
G.K.Kapoor
NewAgeInternational
Contemporary
KamalGupta
TataMcGrawHill
Spicer&peglarsPracticalAuditing
S.V.Ghatalia
AlliedPubulishers
AHandbookofPracticalAuditing
B.N.Tandon
SultanChand
InternalAuditing
R.S.Waldron
AuditingStandardsandGuidelines
ICAI
GuidanceNoteonSecretarialAudit
ICSI
BasicsofAuditing,forICWAInter
DinkarPagare
SultanChand
GroupIAppliedDirectTaxation
ICWA :: Intermediate
Paper 7 : Applied Direct Taxation
[One Paper: 3 hours:100 marks]
Objective . . .
http://www.futureaccountant.com/almanac/cwaicwaintermediatesyllabusreferencesreadingsbooks/g1u/#.VIGvYtKUde8
4/11
12/5/2014
CWAICWAIntermediateSyllabusandBooks
Objective . . .
Tounderstandtheprovisionsofdirecttaxlaws
To gain knowledge on procedural aspects for filing tax returns for various assesses and other
statutorycompliances
Togetknowledgeofvarioustaxincentivesandbenefitsunderdirecttaxes
Toknowapplicationsoftaxprovisionsinvariouscases
50%
OverviewofDirectTaxLaws
Directversusindirecttaxes,taxableperson
BasicConcepts.
AcomprehensivestudyoftheIncometaxAct,1961caselawsgoverningcapitaland
revenueexpenditure,deemedincome,residenceconcept.
Special problems centering on the concept of assessees, registered firm, Hindu
UndividedFamily,Companies,Associationofpersonsandtrust,minors,cooperatives,
nonresidentIndiansandavoidanceofdoubletaxation.
Salaries, perquisites, gratuity and retirement benefits, income from house property,
capital gains, income from other sources, income from business and profession,
problemsarisingfromaggregationofincomeandsetoffandcarryforwardoflosses,
Computation of income and Return of Income Tax, Filing procedure, Principles of
valuationofmovableandimmovableproperty.AdvancepaymentofTax.
Deductionandcollectionoftaxatsource.
Taxincentivesandexportpromotionschemes,otherbenefitsandtaxexemptions.
Assessment,appeals,revisions,review,rectificationandapplicationtoCentralBoard
ofDirectTaxes.
Penalties,Finesandprosecution.
Refunds.
SecuritiesTransactionTax.
FringeBenefitTax.
BankingCashTransactionTax.
WealthTax.
50%
Recommended Books
Title
Author
Publisher
Commercial&IndustrialLaw
Sen&Mitra
WorldPress
MercantileLawIncludingIndustrialLaw N.D.Kapoor
SultanChand
BusinessLaws
Gulsan&Kapoor WileyEastern
BusinesLaws
Dr.G.K.Kapoor
SultanChand
BusinessLawincludigCompanyLaw
G.K.Kapoor
NewAgeInternational
Contemporary
KamalGupta
TataMcGrawHill
Spicer&peglarsPracticalAuditing
S.V.Ghatalia
AlliedPubulishers
AHandbookofPracticalAuditing
B.N.Tandon
SultanChand
InternalAuditing
R.S.Waldron
AuditingStandardsandGuidelines
ICAI
GuidanceNoteonSecretarialAudit
ICSI
BasicsofAuditing,forICWAInter
DinkarPagare
SultanChand
http://www.futureaccountant.com/almanac/cwaicwaintermediatesyllabusreferencesreadingsbooks/g1u/#.VIGvYtKUde8
5/11
12/5/2014
CWAICWAIntermediateSyllabusandBooks
Syllabus
ICWACourse
EngineeringBooks
GroupIICostandManagementAccounting
ICWA :: Intermediate
Paper 8 : Cost & Management Accounting
[One Paper: 3 hours:100 marks]
Objective . . .
Tounderstandbasicconcept,processesusedtodetermineproductcost
Togainknowledgeofpreparationofbudgets,standardcostsandvariancestatements
Togainskillforcontrollingcostanddecisionmaking
15%
CostConceptsandClassificationofcosts
Materials:accountingandcontrolsystemsproceduresandtechniques
Labour:accounting,incentiveschemesandcontrolsystemsandprocedures
DirectExpenses
Indirect expenses: allocation, apportionment, reapportionment and absorption of
overheadcosts.
CostAccountingStandards.
20%
Job,batch,contractandprocesscosting.
Costaccountingforservicesector
Accountingentriesforanintegratedaccountingsystemcostledgers
ReconciliationbetweencostandFinancialprofitandlossaccount.
Interlockingaccounting
20%
Marginalcosting,breakevenanalysisanditsapplicationsindecisionmaking
Absorptioncostingasasystemofprofitreportingandstockvaluation.
Throughputaccountingasasystemofprofitreportingandstockvaluation.
Activitybasedcostingforprofitreportingandstockvaluation.
Integration of standard costing with marginal cost accounting, absorption cost
accountingandthroughputaccounting.
Processcostingincludingestablishmentofequivalentunitsinstock,workinprogress
andabnormallossaccountsanduseofvariousmethodslikefirstinfirstout,average
costandstandardcostmethodsofstockvaluation.
4. Budgeting
15%
BudgetConceptsandPreparation
FixedandFlexibleBudgets
Time series analysis including moving totals and averages, treatment of seasonality,
trend analysis using regression analysis and the application of these techniques in
forecastingproductandservicevolumes.
http://www.futureaccountant.com/almanac/cwaicwaintermediatesyllabusreferencesreadingsbooks/g1u/#.VIGvYtKUde8
6/11
12/5/2014
CWAICWAIntermediateSyllabusandBooks
forecastingproductandservicevolumes.
Fixed, variable, semivariable and activitybased categorizations of cost and their
applicationinprojectingfinancialresults.
Zerobasebudgeting
5. Standard Costing
15%
Manufacturingstandardsformaterial,labour,andoverhead.
Price/rateandusage/efficiencyvariancesformaterials,labourandoverhead.Further
subdivisionoftotalusage/efficiencyvariancesintomixandyieldcomponents.
Fixedoverheadvariances.
Planningandoperationalvariances.
Salespriceandsalesrevenue/marginvolumevariances(calculationofthelatterona
unit basis related to revenue, gross margin and contribution margin). Application of
thesevariancestoallsectors,includingprofessionalservicesandretailanalysis.
Interpretationofvariances:interrelationship,significance.
Benchmarkingforsettingstandards
10%
Businessperformancemeasurementforperformanceimprovement
5%
Recommended Books
Title
Author
Publisher
ATextBookofCostAccountancy
M.N.Arora
CostAccountaing:Method&Problems
B.K.Bhar
AcademicPublishers
CostAccountingAManagerialEmphasis
CostAccounting
N.K.Prasad
& BookSyndicate
A.K.Prasad
CostAccounting
BhabatoshBanerjee
FundamentalManagerialAccountingConcept
Edmonds,
WorldPress
Edmonds IrwinMcGrawHill
AndTsay
PrinciplesandPracticeofCostAccounting
AsishBhattacharya
ManagementAccounting
R.S.N.Pillai
SultanChand
& S.Chand
Bhagavati
CostAccounting
MoriarityandAllen
AdvancedcostandManagement
V.K.Saxena
&
JohnWiley
C.D. SultanChand&Sons
Vashist
CostAccountingTheoryandPractices
BhabatoshBanerjee
C.D.Vashist
CostAccounting
R.S.N.Pillai
SultanChand&Sons
& Prentice
Hall
of
India(p)Ltd.
& S.Chand
Bhagavati
StudiesinCostManagement
S.N.Maheshwari
SultanChand&Sons
CostandManagementAccounting
M.E.ThukaramRao
New
Age
International
ManagementAccounting
M.E.ThukaramRao
New
Age
International
http://www.futureaccountant.com/almanac/cwaicwaintermediatesyllabusreferencesreadingsbooks/g1u/#.VIGvYtKUde8
7/11
12/5/2014
CWAICWAIntermediateSyllabusandBooks
GroupIIOperationManagementandInformationSystems
ICWA :: Intermediate
Paper 9 : Operation Management and Information Systems
[One Paper: 3 hours:100 marks]
Objective . . .
TogainknowledgeofOperationManagement,Productionplanningandresourcemanagement
TodevelopunderstandingofInformationTechnologyanditsuseinbusinessenvironment.
15%
Fabricationprocess
Metalworkingprocessforming,heattreatment,welding,surfacetreatmentetc.
Machiningprocess
ClassofmachineLathes,drilling,grinding,milling,planing,shaping,slottingetc.
Special purpose machine special grinding, hobbing, honing, cutting tools, jigs and
fixturesetc.
Pump,motor,transformer,electricaldrives,
Classificationofindustriesbasedonproductionprocess
Plantlayout,materialhandlingsystemetc
15%
Timestudy,workstudy,methodstudy,JobEvaluation.
ProductionplanningandcontrolIntroduction.
Forecasting
CapacityplanningandUtilization.
Processplanning,
Projectplanning.
Progressingandfollowup.
Despatching.
SchedulingTechnique&LineBalancingProblem
Economicbatchproduction
HumanResourcePlanning
MaterialRequirementPlanning
Productivitymeasurementtechniquesoffactorsofproduction
QualityControl
3. Maintenance Management
10%
Obsolescence,replacementofmachinery
Breakdownmaintenance,preventivemaintenance&RoutineMaintenance
MaintenanceTechniques
Maintenanceorganization
Maintenanceproblemsetc
4. Resource Management
10%
Inputoutputratio
Linearprogramming
Transportation
Replacementofmachine
ChangeofTechnologyanditsimplication
8/11
12/5/2014
CWAICWAIntermediateSyllabusandBooks
10%
15%
File & Data Base Concept, Overview of DBMS, Data Models, Database Administrator,
Database Users, Schema. Data Independence, Relational Database Management
System(RDBMS),someapplicationsofRDBMSusingOracle&SQLServer
15%
Introduction, People & Organization, System & models, Decision process and
evaluationthereof,transactionprocessing&managementreporting,MISinfunctional
areas:Finance&CostManagement,Inventory,Marketing,HRM.
10%
FunctionalarchitectureofERP,Materialrequirementplanning&ERP,BusinessProcess
Reengineering & ERP, Supply chain management, Some applications involving SAP &
Oracle (Financial), Change Management and ERP Implementations, Technology and
InternationalConsiderationsinimplementationofERP.
Recommended Books
Title
Author
Publisher
Production&OperationsManagement
Production&OperationManagement
Adam&Elebert
Prentice
Hall
OperationsManagementandControl
BiswajitBanerjee
S.Chand
Production&OperationManagement
Adam&Elbert
Prentice
Hall
ProjectPreparationAppraisal&Implementation
PrasannaChandra
Tata
McGraw
Hill
ProjectManagement
S.Choudhury
Tata
McGraw
Hill
ProjectManagementHandbook
Gopal
Krishnan
& Macmillan
Ramamurthy
AProfileofInformationTechnology:ComputerDigest
H.R.Banerjee
ManagementInformationSystems
Gordon
B.Davis
MargretheH.Olson
Jaico
& Tata
McGraw
Hill
ManagingwithInformation
JeromeKanter
Prentice
Hall
of
India
ComputerInformationTechnology
Y.P.Puri&VipinPuri
Global
Business
Computer
Fundamentals:
Concepts,
Systems
and P.K.Sinha
B.P.B.
Applications
FundamentalsofDatabaseSystems
Publications
Ramesh
Elmarsi
Shyamakant
& Pearson
B. Education
Navathe
http://www.futureaccountant.com/almanac/cwaicwaintermediatesyllabusreferencesreadingsbooks/g1u/#.VIGvYtKUde8
9/11
12/5/2014
CWAICWAIntermediateSyllabusandBooks
Law of Information Technology (Cyber Law) with D.P.Mittal
Taxmann
GettingResultswithMicrosoftOffice97
Microsoft
InformationSystems&Technology
Dr.L.M.Prasad
UshaPrasad
Microsoft
and Sultan
Chand
GroupIIAppliedIndirectTaxes
ICWA :: Intermediate
Paper 10 : Applied Indirect Taxes
[One Paper: 3 hours:100 marks]
Objective . . .
TogainknowledgeofvariousprovisionsofCentralExcise,Servicetax,VAT&SalesTax.
Toknowtheapplicationsofprovisionsindifferentsituations
Tounderstandthestatutorycomplianceunderindirecttaxesincludingaudits
5%
FeaturesofIndirectTax.Constitutionalvalidity.IndirectTaxLaws,administrationand
relevantprocedures
2. Central Excise
25%
TheCentralExciseLaw
Goods, Excisable goods, Manufacture and manufacturer, Classification, Valuation,
RelatedPerson,CaptiveConsumption,CAS4,CENVAT.
Basicprocedures,Export,SSI,JobWork.
Assessment,Demands,Refund,Exemptions
PowersofOfficers.
Adjudication,Appeals,SettlementCommission,Penalties.
CentralExciseAuditandSpecialAuditunder14Aand14AAofCentralExciseAct
ImpactoftaxonGATT94,WTO,AntiDumpingprocessing
TariffCommissionandotherTariffauthorities.
3. Customs laws
15%
Basicconceptsofcustomslaw
Territorialwaters,highseas
Typesofcustomduties.,AntiDumpingDuty,SafeguardDuty
Valuation
CustomsProcedures,ImportandExportProcedures,Baggage.
Exemptions.
Warehousing,Demurrage
ProjectImportsandReImports
PenaltiesandOffences.
ExportPromotionSchemes.EOU
DutyDrawback.
SpecialEconomicZones.
4. Service Tax
15%
Introduction,NatureofServiceTax.
ServiceProviderandServiceReceiver.
Registrationprocedure
http://www.futureaccountant.com/almanac/cwaicwaintermediatesyllabusreferencesreadingsbooks/g1u/#.VIGvYtKUde8
10/11
12/5/2014
CWAICWAIntermediateSyllabusandBooks
Registrationprocedure
Recordstobemaintained
Classificationoftaxableservices
Valuationoftaxableservices.
ExemptionsandAbatements.
Paymentofservicetax,Return
CenvatCreditRules
Exportandimportofservices.
OtheraspectsofServiceTax.
TaxableServices.
SpecialAuditunder14Aand14AAofCentralExciseAct
15%
Introduction,definitionofsaleunderCST
Stocktransfer,branchtransferunderCST
Interstatesale,
VariousformsforfilingofsalestaxreturnsunderCST
SalesoutsideterritorialwatersunderCST
Procedures.
PracticalexamplesonCST.
VAT,SalientfeaturesofStateVATActs
Treatmentofstock&branchtransferunderStateVATActs
Filing&ReturnunderStateVATActs
Accounting&AuditingVAT
25%
Recommended Books
Title
Author
Publisher
IndirectTaxes:Law&Practice Taxmann
Taxmann
CentralExciseRules&Forms
Taxmann
Taxmann
CentralExciseMannual
R.K.Jain
CentaxPublications
CustomsMannual
R.K.Jain
CentaxPublications
CentralSalesTax&VAT
V.S.Datey Taxmann
http://www.futureaccountant.com/almanac/cwaicwaintermediatesyllabusreferencesreadingsbooks/g1u/#.VIGvYtKUde8
11/11