Hello Friends,
CA IPCC exams are at doorstep. Hope all are doing well preparation for their exams. From the last some days I am getting the mails regularly from students for Important Topics and Study Plan for CA IPCC MAY 2015 Exams. Friends, although our reader got extreme help with our May 2014 and November 2013’s write ups regarding to important topics, BUT LET ME CLEAR ONE THING, ICAI IS UNPREDICTABLE DON’T GO IN EXAMS DEPENDING UPON ONLY THESE TOPICS. It doesn’t means leaving the topics other than these, but it means these topics are highly recommended to do. I guess, all examinees are decided whether give one or both groups but students who are apart and don’t have MAY 2015 exam, can check here- “What should I opt for exams - First or Both Groups”
First Step is that; Check all the amendments of each and every subject which is relevant to November 2014 by clicking here
Now, As usual I’m starting with the study plan. Start your studies with the making plan or target. At the end of day, evaluate your performance.
Download recommended study plan for IPCC from here:
I want that, before reading this post you should check that 10 points where any C, CS, CWA student stuck in their exams. I am provide here, 10 Rules to clear the CA / CS / CMA Exams successfully
Let’s go on subject by subject:
GROUP-1
Paper-1: Accounting
1. Amalgamation & Internal Reconstruction and Partnership (all time favorite)
2. Accounting Standards (Most Important for compulsory question) [High priority AS- 6/7/9/13]
3. Accounting of Non Profit Organizations
4. Company Accounts [Most important]
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Paper-2: Law Ethics and Communications
1. Bonus, Gratuity, Provident Fund, , Indian Contract Act
2. Special take care of 53 Sections of New Companies Act, 2013! You can download the study material of these 53 sections by clicking here: Institute Material | Notes by Us |
3. Shares, Meeting, Buy Back, Accounts, prospectus & other allied topics
4. Ethics & Communication - Full
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Paper-3: Costing Accounting and Financial Management
In Costing and FM subject, I’m giving the costing part first:
1. Process, Standard, Marginal Costing (Ever Green Chapters)
2. Overhead
3. Starting Chapters of basics of costing
4. Material, Labour, Standard Costing
Recommended Post: How to tackle the Costing and FM Paper of IPCC – Smart Plan for Exam Hall [High priority Suggested Article Must Read]
Suggested Post: Download all the costing & FM formulae at one place
Now, come to the financial management part.
a) Capital Budgeting is ever green chapter
b) Cash & fund flow statement
c) Cost of Capital and other short topics
d) Accounting Ratios
e) Working Capital/Debtors/creditors Management for short questions
f) Don’t forget to learn theory part in both sections i.e. Costing & FM,
Paper-4: Taxation
Taxation subject is becoming the hot paper for the MAY 2015 exams due to its revised syllabus. Onwards a MAY 2015 exam, Indirect Taxation [Excise, Custom, Service Tax, CST and VAT] is also a part of this paper.
First of all check the amendments which are relevant to your exams. Afterwards revise the indirect part, because it is new for you and it will consume time. Then go to direct tax. Important topics are:
a) Salaries [Motor Car, PF, HRA, Pensions, LTC]
b) PGBP (Full, because it has very vide scope, can’t escape any topic)
c) Capital Gain (Full, because it has very vide scope, can’t escape any topic)
d) House Property, Other Sources, TDS, Deductions, Carry forward & Setoff (All chapters are very short)
Suggested Post: Download Direct, Indirect Tax Notes of CA IPCC for MAY 2015 Exams [Revised Syllabus]
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GROUP-2
YOU MAY ALSO LOOK AT :
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Paper-5: Advance Accounting
1. Internal Reconstruction and Partnership (all time favorite)
2. Accounting Standards (Most Important for compulsory question) [High priority AS- 4,16,5,29]
3. Accounting of Insurance, Banking Companies
4. Branch Accounting, Debenture (Click Here to download revised notes on
5. Departmental for short questions
6. Company Accounts [Most important - take care of Company Act 2013]
Recommended Post: Everything about Accounting Standards (AS) – Shortcut to learn AS [High priority Suggested Article Must Read]
Paper-6: Auditing
First of all, check all the amendments which are issued by ICAI with regarding to new companies act 2013. Click here to check - Amendments in Auditing for CA IPCC Nov 2014 - Companies Act 2013
1. Basics of Auditing (First three chapters of auditing). These chapters are also important to understanding the other topics of auditing.
2. Company Audit – 1 and Company Audit – 2
3. CARO, EDP & CIS Environment, Special Audit
4. Verification and vouching
5. Don’t forget to learn Auditing Standards. These are the backbone of auditing paper. Click Here to learn Shortcut to learn Standards on Auditing – IPCC
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Paper-7: Information Technology & Strategic Management (IT SM)
For Information Technology (IT), & Strategic Management (SM), can’t predict anything because syllabus is changed of IT and SM is totally unpredictable.
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Recommended Post : Strategic Management Notes
OTHER RELEVANT RECOMMENDED ARTICLES
People, who want to know how to read the particular subject for IPCC, can check other article, in which we discuss subject by subject.
A Must watch video made by Yogesh Gupta, on “HOW TO PASS CA EXAM”
Video link:
https://www.youtube.com/watch?
The above article is written by Yogesh Gupta, who was the founder of this website. If you have any query then you can follow him at Facebook & Twitter or contact by email.
Links are:
Facebook.com/CAYogeshGupta
Twitter.com/_YogeshGupta
Mail me at: notes4cacs.yg@gmail.com
ADMIN : NISHANT JAIN
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