IPCC Chapter Topic wise Analysis of Past Exam Papers .pdf

IPCC Chapter / Topic wise Analysis of Past Exam Papers in Accounts-1____________1

No.1 for CA/CWA & MEC/CEC MASTER MINDS


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Topic wise analysis of Past Exam papers of IPCC

1. AVERAGE DUE DATE

No. Chapter/Topic Name M-05

TO N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Calculation of Average Due Date

NO

QUESTIONS

GIVEN

2 2 4 8 2 4 4 8 4

2. ACCOUNT CURRENT

No. Chapter/Topic Name M-05 N-05 M-06 N-06 M-07 N-07 M-08 N-08 TO M-12

1. Époque Method 8

NO

QUESTIONS

GIVEN 2. Forward Method

3. Meaning of Red Ink Interest 2 2

4. Short Note on Account Current

5 2

3. STATUTORY REPORT

Till now there are no questions from this chapter in all previous IPCC examinations.

4. PROFIT/LOSS PRIOR TO INCORPORATION


TO M-09 N-09 M-10 N-10 M-11 N-11 M-12

1. Trading and Profit & Loss account, Balance Sheet

NO

QUESTIONS

GIVEN 6 10 10

5. AMALGAMATION_I

No. Chapter/Topic Name

M-05

TO

M-06

N-

06

M-

07

N-

07

M-08

TO

N-08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Purchase Method + Goodwill

Calculation

NO QUESTIONS GIVEN

20

NO QUESTIONS GIVEN

16 16

2. Purchase Method + Inter

Company Owings 16

3. Calculation of Goodwill 2

4. Merger Method + Payments

Method 16



5.

Inter Company

Investments + Purchase

Consideration

5 5

6.

Conditions for

Amalgamation in the

nature of Merger

4 4

7. Methods of Accounting 2 2

8. Entry for Unrealized Profit

on Stock 2

9. Types of Amalgamation 5

10. Disclosures to be made in

First Financial Statement

after Amalgamation

4

6. INTERNAL RECONSTRUCTION_ I


M-05

TO

M-07

N-

07

M-

08

N-

08

M-09

TO

M-11

N-

11

M-

12

1. Journal Entries, Reconstruction A/c,

Balance Sheet

NO QUESTIONS

GIVEN 16 16

NO QUESTIONS

GIVEN 16 16

7. INSURANCE CLAIMS

No. Chapter/Topic Name M-

05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Calculation of Claim

and Value of Loss 6 8 2 8 8 8 2 5 10

2. Loss of Profit Policy 4 16

3. Average Clause under

fire Policy 5 2

8. INVESTMENT ACCOUNTS


TO

N-08

M-09 N-09 M-10 N-10 M-11 N-11 M-12

1. Investment Account

NO

QUESTIONS

GIVEN

8 5 8

2. Calculation of Cost of Investment 2

3. Calculation of Value of Investment 2



4. Investment Account (FIFO) 6

5. Investment Account (Average

Cost) 5

6. Reduction in value of Investment –

Treatment 4 2

7. Journal Entries 2

9. SELF BALANCING LEDGERS


05

N-

05

M-

06

N-06

TO

M-07

N-

07

M-

08

N-

08

M-

09

N-09

TO

M-10

N-

10

M-

11

N-

11

M-

12

1. Total Debtors Account

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

8

2. Total Creditors Account

3. Debtors Ledger

Adjustment Account

10

8

4 4

4. General Ledger

Adjustment Account

5. Creditors Ledger

Adjustment Account

6. Note on Sectional

Balancing Ledger 2

7. Self Balancing Ledger

and Advantages 5 5 4

8. Self Vs Sectional

Balancing Ledger 4

10. NON-TRADING CONCERNS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Receipts & Payments A/c

20

10

16

16 2.

Preparation of Balance

Sheet

20

16

20

16 16

3. Income and Expenditure

Account 8

4.

Receipts and Payments

Account and Income

and Expenditure A/c

5

5. Are Capital items shown in

Receipts & Payments A/c 2



6. Are Revenue items shown

in Income & Expen. A/c 2

7. Treatment for Donation

(Specific Purpose) 4

8. Fund Based Accounting 2

9. Calculation of Cash

Receipts 2

11. ACCOUNTS FROM INCOMPLETE RECORDS

No. Chapter/Topic

Name

M-

05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-11

TO M-12

1. Trading, P & L A/c,

Balance Sheet 16 20 16 16 2 8 8 2 16 16

NO

QUESTIONS

GIVEN

12. PARTNERSHIP ACCOUNTS_I


05

N-

05

M-

06

TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Admission of a Partner

16

NO

QU

ES

TIO

NS

GIV

EN

20 16

2. Retirement of a Partner 20 16

3. Death of a Partner 16

4. Calculation of Profit

Sharing Ratio 2 2 2 2 5

5. Calculation of Goodwill

and Entries 4 2 9 5

6. Provisions of Partnership

Act when Deed is Silent 2 2

7. Profit and Loss

Appropriation Account 8

8. Rights of Retired Partner

in Subsequent profits 4



13. HIRE PURCHASE SYSTEM


05

N-05

TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-11

TO

N-11

M-

12

1. Asset Accrual Method

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. Credit Purchase with

Interest Method

3. Interest Suspense Method

4. Repossession of Goods

5. Hire purchase Stock and

Debtors Method 8

6. Hire purchase Trading

Method 16 8 8 10 6

7. Calculation of Cost Price

and Interest 4 2 4

14. CASH FLOW STATEMENTS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-08

TO

N-08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Cash Flow Statement –

Direct Method 12

NO QUESTIONS GIVEN

8 8 16

2. Cash Flow Statement –

Indirect Method 20 16 16 16 10

3. Difference between Cash

and Funds Flow Statement 4

4. Cash and Cash

Equivalence 4

5. Practical Question 2

15. COMPANY ACCOUNTS

Till now there are no questions from this chapter in all previous IPCC examinations.



16. ACCOUNTING FOR BONUS SHARES

No. Chapter/Topic Name M-05 TO M-10 N-10 M-

11 N-11

M-

12

1. Journal Entries and Balance Sheet NO QUESTIONS GIVEN 12 8

17. COMPANY FINAL ACCOUNTS


TO

N-07

M-08 N-08 M-09 N-09

M-10

TO

M-11

N-11 M-12

1. Profit and Loss Account

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. Balance Sheet

3. Managerial Remuneration –

Adequate Profits 2 4

4. Managerial Remuneration –

Inadequate Profits 2 5

5. Reasons for decrease or Increase

in GP percentage 2

6. Basic Characteristics of Private Ltd.

Company 2

7. Calculation of Sales Value 2

8. Entry for Provision for Bad debts 2

9. Profit and Loss Appropriation Account 8

10. Calculation of Divisible Profits 2

11. Calculation of Corporate Dividend Tax 4

18. ACCOUNTS IN COMPUTERISED ENVIRONMENT


TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Advantages of Outsourcing

Accounting Functions

NO QUESTIONS GIVEN

4 4

2. Disadvantages of Outsourcing

Accounting Functions

3. Factors for Pre-packaged

Accounting Software 4 4 6

4. Advantages of Customized

Accounting Package 4 4

5. Disadvantages of Customized

Accounting Package

6. Advantages and

Disadvantages of ERP 4 4

7. Advantages and

Disadvantages of Pre-Package 4 4

8. Importance of Computerized

Accounting System 4

THE END

IPCC Chapter / Topic wise Analysis of Past Exam Papers in Law, Ethics & BC_______9





1. COMPANY BASIC CONCEPTS

No. Chapter/Topic Name M-05 TO

N-08 M-09 N-09 M-10 N-10 M-11 N-11 M-12

1. COMPANY & ITS FEATURES

NO

QUESTIONS

GIVEN

5 1

2. CONCEPT OF SEPARATE LEGAL

ENTITY

3. LIFTING OF CORPORATE VEIL 5 1

4. REDUCTION OF MEMBERS SEC-45 5

2. CLASSES OF COMPANIES


TO

N-06

M-

07

N-

07

M-

08

N-

08

M-09

TO

N-10

M-

11

N-

11

M-

12

1. CHARTERED COMPANY

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. STATUTORY COMPANY

3. REGISTERED COMPANY

4. BODY CORPORATE

5. PRIVATE COMPANY 1 1

6. PUBLIC COMPANY

7. HOLDING AND SUBSIDIARY COPANY

8. GOVERNMENT COMPANY

9. FOREIGN COMPANY

10. INVESTMENT COMPANY

11. FINANCE COMPANY

12. SEC-25 COMPANIES 5 5

13. COMPANY LIMITED BY SHARES

14. COMPANY LIMITED BY GUARANTEE

15. UNLIMITED COMPANIES

16. CONVERSION OF PRIVATE CO. INTO

PUBLIC CO. 5 5 8

17. PROCEDURE FOR CONVERSION OF

PRIVATE COMPANY INTO PUBLIC

COMPANY

18. PROCEDURE FOR CONVERSION OF

PUBLIC COMPANY INTO PRIVATE

COMPANY

1

19. PRIVILAGES & EXEMPTIONS TO PRIVATE

COMPANY



3. INCORPORATION OF A COMPANY


TO

N-05

M-

06

N-

06

M-

07

N-

07

M-

08

N-08

TO

M-09

N-

09

M-10

TO

N-10

M-

11

N-

11

M-

12

1.

PROCEDURE FOR

INCORPORATION OF A

COMPANY

NO QUESTIONS

GIVEN

5 5 1

NO QUESTIONS

GIVEN

NO QUESTIONS

GIVEN

4

2. COI-CONCLUSIVE EVIDENCE

3.

CERTIFICATE OF

COMMENCEMENT OF

BUSINESS

5 4

4. MEMORANDUM & ARTICLES OF ASSOCIATION


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. MEMORANDUM OF

ASSOCIATION

2. ARTICLES OF

ASSOCIATION 5 1 10 1 1

3. ALTERATION OF MOA

4. ALTERATION OF AOA

5. MOA VS. AOA

6. EFFECT OF MOA & AOA

7. DOCTRINE OF

CONSTRUCTIVE NOTICE

8.

DOCTRINE OF

ULTRAVIRES &

EXCEPTIONS

1

9. DOCTRINE OF INDOOR

MANAGEMENT 5 8

10. NAME CLAUSE & ITS

ALTERATION 5 5 5 8

11. SITUATION CLAUSE & ITS

ALTERATION 5 5 4

12. OBJECTS CLAUSE & ITS

ALTERATION 5 5 5

13. LIABILITY CLAUSE & ITS

ALTERATION 4

14. CAPITAL CLAUSE & ITS

ALTERATION

15. ASSOCIATION CLAUSE &

ITS ALTERATION



5. PROMOTERS AND CONTRACTS


TO

N-06

M-

07

N-

07

M-08

TO

M-09

N-

09

M-

10

N-10

TO

M-11

N-

11

M-

12

1. PROMOTER

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. DUTIES OF PROMOTOR

3. REMUNERATION OF PROMOTOR

4. REMEDIES – AGAINST SECRET PROFIT

5. PRELIMINARY CONTRACTS 5 1 4

6. PROVISIONAL CONTRACTS 1

7. NCLT & ITS CONSTITUTION 5

6. PROSPECTUS


05

N-

05

M-

06

N-

06

M-07

TO

N-07

M-

08

N-

08

M-

09

N-

09

M-10

TO

N-10

M-

11

N-

11

M-

12

1. PROSPECTUS

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. WHEN PROSPECTUS NEED

NOT BE ISSUED 4

3.

REQUIREMENTS FOR

REGISTRATION &

PROSPECTUS ISSUE

4. MATTERS IN PROSPECTUS

5. ABRIDGED PROSPECTUS 5

6. GUIDELINES BY SEBI TO

ISSUE PROSPECTUS

7. REMEDIES-AGAINST

MISLEADING PROSPECTUS 5 5 4

8. DIRECTORS / EXPERTS

ENTITLED TO INDEMNITY

9. IMMUNITY TO THE

DIRECTOR

10. STATEMENT IN LIEU OF

PROSPECTUS 1

11. DEEMED PROSPECTUS

12. SHELF PROSPECTUS 5 5 1

13. REDHERRING PROSPECTUS 5

14. INFORMATION

MEMORANDUM 5

15. EXPERTS & THEIR

LIABILITIES 5



7. ALLOTMENT OF SHARES & UNDERWRITING


05

N-

05

M-06

TO

M-08

N-

08

M-09

TO

N-09

M-

10

N-

10

M-11

TO

M-12

1. RESTRICTIONS IMPOSED ON ALLOTMENT

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN 2. LISTING OF SHARES ON STOCK EXCHANGE

3. IRREGULAR ALLOTMENT

4. UNDERWRITING 5 1 8

5. UNDERWRITERS VS. BROKERS

6. SPECIFIED TIME FOR OPENING

SUBSCRIPTION LIST

7. PROVISIONS & MAIN CONTENTS OF

RETURN OF ALLOTMENT

8. MINIMUM SUBSCRIPTION 5 1 1

8. DEPOSITS

No. Chapter/Topic Name M-05 TO M-12

1. DEPOSITS

NO QUESTIONS

GIVEN

2. TERMS & CONDITIONS FOR ISSUE OF DEPOSIT

3. PROTECTION OF INTEREST OF DEPOSITORS

4. CONSEQUENCES IF COMPANY FAILS TO REPAY DEPOSITS

5. SMALL DEPOSITORS

9. MEMBERSHIP


05

N-

05

M-

06

N-

06

M-

07

N-07

TO

M-10

N-

10

M-

11

N-

11

M-

12

1. WAYS OF PERSON BECOMING

MEMBER

NO QUESTIONS GIVEN

1

2. MEMBER AND SHAREHOLDER 5 4

3. WHEN MEMBERSHIP CEASES

4. RIGHTS OF MEMBERS

5. LIABILITIES & DUTIES OF MEMBER 5

6. CAN A MINOR BECOME MEMBER 1 5 8

7. SPECIAL CASES-ELIGIBILITY OF

MEMBERSHIP

8. MEMBER VS. CONTRIBUTORY

9. PROVISIONS RELATING TO JOINT

HOLDERS

10. SUBSIDIARY BECOMING A HOLDING

CO-MEMBER

11. REGISTER OF MEMBERS



10. SHARE CAPITAL


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-09

TO

M-10

N-

10

M-

11

N-

11

M-

12

1. TYPES OF CAPITAL 1

NO QUESTIONS GIVEN

2. KINDS OF SHARE CAPITAL

3. EQUITY VS. PREFERENCE

SHARES 5

4. MEANINGS & TYPES OF

PREFERENCE SHARES 1

5.

CONDITION FOR

REDEMPTION OF

PREFERENCE SHARES

6.

SHARES ISSUED FOR

CONSIDERATION OTHER

THAN CASH

5

7. ISSUE OF SHARES AT

PREMIUM 1 8

8. ISSUE OF SHARES AT

DISCOUNT

9. SWEAT EQUITY SHARES 5 5 4

10. VOTING RIGHTS OF

MEMBERS 1

11. VARIATION OF

SHAREHOLDERS RIGHTS

12. ALTERATION OF SHARE

CAPITAL

13. CONVERSION OF SHARES

INTO STOCK

14. RIGHT SHARES 1

15. ISSUE OF RIGHT SHARES

TO OUTSIDERS

16. CONVERSION OF

DEBENTURES INTO

SHARES

5

17. REDUCTION OF CAPITAL

18. REDUCTION VS.

DIMINUTION 5

19. BUY BACK OF SHARES 5 5 5 1

20. UTILISATION OF AMOUNT

IN SECURITIES PREMIUM

ACCOUNT

5



11. SHARE CERTIFICATE & WARRANT


05

N-

05

M-06

TO

M-07

N-

07

M-08

TO

N-08

M-

09

N-09

TO

M-11

N-

11

M-

12

1. SHARE CERTIFICATE & TIME LIMIT

NO QUESTIONS GIVEN

2

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. FORM, CONTENTS OF SHARE

CERTIFICATE

3. IMPLICATIONS OF SHARE CERTIFICATE

4. CG ISSUE OF SHARE CERTIFICATE 5

5. ISSUE OF SHARE WARRANTS 1

6. SHARE CERTIFICATE VS. SHARE

WARRANT 5 1

7. PENALTY FOR IMPERSONATION AS

SHARE HOLDER

12. CALLS & FORFEITURE / SURRENDER OF SHARES

No. Chapter/Topic Name M-05 N-05 M-06 TO M-12

1. RULES FOR MAKING CALL ON SHARES

NO QUESTIONS

GIVEN

2. CALLS IN ADVANCE 5

3. FORFEITURE & PROCEDURE OF IT

4. PROCEDURE FOR REISSUE OF FORFEITED SHARES

5. FORFEITURE VS. LIEN

6. SURRENDER OF SHARES

13. TRANSFER & TRANSMISSION OF SHARES


TO

N-05

M-06

N-06

TO

M-09

N-09

M-10

TO

M-12

1. MEANING & PROCEDURE FOR TRANSFER

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN 2. REGISTRATION OF TRANSFER OF SHARES 1

3. BLANK TRANSFER

4. FORGED TRANSFER 5

5. TRANSFER VS. TRANSMISSION 5

6. CERTIFICATION OF TRANSFER

7. NOMINATION FACILITY IN RESPECT OF SHARES

8. NOMINATION FACILITY - TRANSMISSION

9. PROCEDURE TO BE FOLLOWED BY NOMINEE



14. DEBENTURES


N-09 M-10

N-10 TO

M-12

1. DEBENTURE CERTIFICATE & TIME LIMIT

NO

QUESTIONS

GIVEN

NO

QUESTIONS

GIVEN

2. DEBENTURE VS. SHARE

3. TYPES OF DEBENTURES

4. FCD VS. PCD

5. POWERS OF REISSUE OF REDEEMED DEBENTURES

6. PARIPASSU CLAUSE IN DEBENTURES

7. APPOINTMENT & DUTIES OF DEBENTURE TRUSTEES

8. CREATION OF SECURITY & DRR

9. MISCELLANEOUS PROVISIONS (VOTING RIGHTS) 1

15. CHARGE

No. Chapter/Topic Name M-05 N-05

M-06

TO

N-07

M-08

N-08

TO

N-11

M-12

1. CHARGE & TYPES OF CHARGES

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. FLOATING CHARGE 4

3. FIXED CHARGE VS. FLOATING CHARGE

4. TYPES OF CHARGES TO BE REGISTERED WITH ROC

5. CONSEQUENCES OF NON-REGISTRATION

6. DEFAULT IN FILLING WITH ROC

7. MODIFICATION OF CHARGE

8. SATISFACTION OF CHARGE

9. REGISTER OF CHARGES

10. TIME LIMIT, SECOND CHARGE

11. PROCEDURE AS TO REGISTRATION OF CHARGE 5 5

16. GENERAL MEETINGS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-11

TO

N-11

M-

12

1. STATUTORY MEETING 5 1 1

NO QUESTIONS

GIVEN

2. AGM 5 5 5 5 5 1 1 4

3. EGM 5 1

4. NOTICE 5 10 1 5

5. QUORUM 5 1 1

6. VOTING (OR) SENSE OF

MEETING 10 5 5 5



7. POLL

8. PROXIES 1 5 5

9. MINUTES 5 5 8

10. POSTAL BALLOT 5

11. ORDINARY AND SPECIAL

RESOLUTIONS 5 1 1 1

12. RIGHTS OF SHAREHOLDER’S

TO USE COMAPANY’S

PROPERTY

13. BENAMI SHARE HOLDING

14. REPRESENTATION OF

PRESIDENT & GOVERNER 5

15. DIVIDEND DECLARATION 5

17. MISCELLANEOUS MATTERS IN COMPANY LAW


TO

N-06

M-07

N-07

TO

M-09

N-09 M-10

N-10

TO

M-12

1. ILLEGAL ASSOCIATION

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN 5

NO QUESTIONS GIVEN

2. COMPANY’S INVESTMENT HELD IN OTHER NAMES

3. SERVICE OF DOCUEMENTS ON A COMPANY

4. RELATIVE-DEFINITION

5. DIVIDEND RULES

6. E-FILLING 5

7. MCA - 21/E - GOVERNANCE 5





Chapter wise analysis of Past Exam papers of IPCC for Contract Act


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. MEANING & NATURE OF CONTRACT 4 1 1

2. OFFER & ACCEPTANCE 5 1 5

3. LEGAL OBJECT & CONSIDERATION 6 1 5 8

4. CAPACITY TO CONTRACT 5 1 1 2

5. FREE CONSENT 6 8

6. VOID AGREEMENTS, CONTINGENTS

& QUASI CONTRACTS 1 2 6 1

7. PERFORMANCE OF CONTRACT 4 5 5 1 6 2 1 1 1 5

8. DISCHARGE OF CONTRACT 5

9. REMEDIES FOR BREACH OF CONTRACT 6 5 5 5 1


10. BAILMENT AND PLEDGE


05

N-05

TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-10

TO

N-10

M-

11

N-11

TO

M-12

1. CONTRACT OF BAILMENT

NO QUESTIONS GIVEN

1

NO QUESTIONS GIVEN

1

NO QUESTIONS GIVEN

2. RIGHTS & DUTIES OF BAILOR 4

3. RIGHTS & DUTIES OF BAILEE

4. BAILEE’S RIGHT OF LIEN

5. BAILMENT – TERMINATION

6. PLEDGE OR PAWN 1 1 5

7. RIGHTS & DUTIES OF PAWN

OR PAWNEE 1

8. PLEDGE BY NON-OWNERS



11. INDEMNITY AND GUARANTEE


M-05

TO

N-05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-11

TO

M-12

1. CONTRACT OF INDEMNITY

NO QUESTIONS GIVEN

1 1

NO QUESTIONS GIVEN

2. CONTRACT OF GUARANTEE

& FEATURES 1 1

3. SPECIFIC & CONTINUING

GUARANTEE 5

4. NATURE & EXTENT OF

SURETY’S LIABILITY 5 1

5. RIGHTS OF SURETY 1

6. DISCHARGE OF SURETY 5

12. CONTRACT OF AGENCY


05

N-

05

M-

06

N-

06

M-07

TO

N-07

M-

08

N-08

TO

M-09

N-

09

M-

10

N-

10

M-

11

N-11

TO

M-12

1. CONTRACT OF AGENCY &

ITS FEATURES

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

1 1 1

NO QUESTIONS GIVEN

2. AGENCY BY RATIFICATION 5 2

3.

LIMITATIONS TO

DOCTRINE OF

RATIFICATION

4. EXTENT OF AGENT’S

AUTHORITY 6

5. A DELEGATEE CAN’T

FURTHER DELEGATE

6. DUTIES OF AGENT

7. RIGHTS OF AGENT

8. RIGHTS & DUTIES OF

PRINCIPAL 10 5

9. SUBSTITUTED AGENT

10. POSITION OF NAMED

PRINCIPAL

11. POSITION OF UNNAMED

PRINCIPAL

12. POSITION OF AGENT

13. AGENCY – TERMINATION

14. IRREVOCABLE AGENCY

15. UNDISCLOSED PRINCIPAL

– POSITION

16. PRETENDED AGENT



13. PAYMENT OF BONUS ACT, 1965


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. APPLICABILITY OF THE ACT

2. EMPLOYEES EXCLUDED

FROM THE ACT

3. PERSONS ENTITLED & NOT

ENTITLED TO BONUS 5 5 5 5 5 8

4. AVAILABLE SURPLUS

5. GROSS PROFIT &

DEDUCTIONS

6. DEDUCTION ALLOWED

UNDER 3RD SCHEDULE

7. AVAILABLE & ALLOCABLE

SURPLUS

8. CALCULATION OF NO. OF

WORKING DAYS 5

9. DEDUCTION FROM BONUS

BY EMPLOYER

10. TIME LIMIT FOR PAYMENT

OF BONUS 5 8 4

11. MINIMUM & MAXIMUM

BONUS 6 5 5 4

12. SET ON & SET OFF OF

ALLOCABLE SURPLUS 6

13. APPOINTMENT & POWERS

OF INSPECTORS

14. ACT APPLICABLE TO

ESTABLISHMENT IN PUBLIC SECTOR 4

15. BONUS LINKED WITH

PRODUCTIVITY 1

16. PAYMENT OF BONUS BY

NEW ESTABLISHMENTS

17. RELIABILITY OF FINANCIAL

STATEMENTS

18. OFFENCES & PENAL

PROVISIONS

19. EXEMPTION FROM

PAYMENT 5

20. ACCOUNTING YEAR –

DEFINITION 4

21. SALARY – DEFINITION 5

22. ESTABLISHMENT &

UNITWISE CALCULATION

OF BONUS



14. PAYMENT OF GRATUITY ACT, 1972


M-05

TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. MEANING OF GRATUITY &

BENEFITS

NO QUESTION S GIVEN

2. ESTABLISHMENTS COVERED

3. EXEMPTION OF

ESTABLISHMENTS

4. ELIGIBILITY & PAYMENT OF

GRATUITY 5 5 8 4

5. COMPUTATION OF

GRATUITY AMOUNT 5 8

6. CONTINUOUS SERVICE

7. EMPLOYEE – DEFINITION

8. EMPLOYER – DEFINITION

9. WAGES – DEFINITION

10. APPLICATION FOR PAYMENT

OF GRATUITY

11. REDUCTION & FORFEITURE

OF GRATUITY 5 5

12. COMPULSORY INSURANCE

13. NOMINATION FOR GRATUITY

14. PROVISIONS – DISPUTES AS

TO GRATUITY 5 4

15. POWERS OF INSPECTORS

16. APPLICATION TO

CONTROLLING AUTHORITY

FOR DIRECTION

5

17. PENALTIES

18. CERTAIN DUTIES OF

EMPLOYER



15. THE EMPLOYEES PROVIDENT FUND & MISCELLANEOUS PROVISIONS ACT, 1952


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. APPLICABILITY OF EPF ACT

2. NON-APPLICABILITY OF EPF ACT

3. DEFINITIONS 4 5 4

4. EPF SCHEME & ITS

FEATURES 4 5 5 5

5. FAMILY PENSION SCHEME 5

6. EMPLOYEES DEPOSIT LINKED

INSURANCE SCHEME 4

7. EXEMPTION FROM

APPLICABILITY

8. CENTRAL BOARD OF

TRUSTEES 4

9. EXECUTIVE COMMITTEE 6 5

10. POWERS OF COMMISSIONER

(MONEY DUE)

11. ESCAPED AMOUNT

12. RECOVERY OF MONEY DUE 4

13. PROTECTION AGAINST

ATTACHMENT OF EPF 5 5

14. CHANGE OF EMPLOYER –

CONSEQUENCES 5

15. SALE OF ESTABLISHMENTS –

CONSEQUENCES 5

16. NOMINATION,

WITHDRAWAL & PAYMENT

17. APPOINTMENT OF

INSPECTORS

18. APELLATE TRIBUNAL 5

19. AUTHORISATION OF

CERTAIN EMPLOYERS TO

MAINTAIN PF ACCOUNT

6

20. PENALTY PROVISIONS



16. NEGOTIABLE INSTRUMENTS ACT, 1881


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. NEGOTIABLE INSTRUMENT 1 1 1

2. CHARACTERISTICS OF N.I

3. PRESUMPTIONS AS TO N.I

4. PROMISSORY NOTE 4 1 1 8

5. BILL OF EXCHANGE 6 5 8 8

6. TYPES OF BILLS OF EXCHANGE 5

7. TYPES OF NEGOTIABLE

INSTRUMENTS

8. MATURITY & GRACE DAYS 5

9. PAYMENT IN DUE COURSE

10. CHEQUE & ITS ESSENTIAL FEATURES 5

11. TYPES OF CROSSINGS 4 5 5 1

12. CONDITIONS FOR HOLDER 1

13. HOLDER IN DUE COURSE 6 5 1

14. HOLDER VS. HOLDER IN DUE COURSE

15. MODES OF TRANSFERING N.I

16. NEGOTIATION VS. ASSIGNMENT 5

17. ENDORSEMENT 5 5

18. MATERIAL ALTERATION 5 5

19. INSTRUMENTS OBTAINING BY

UNLAWFUL MEANS

20. PRSENTMENT

21. PRESENTMENT OF A BILL FOR

ACCEPTANCE

22. PRESENTMENT FOR SIGHT

23. PRESENTMENT FOR PAYMENT 5

24. RULES FOR NOTICE OF

DISHONOUR

25. NOTING & PROTESTING

26. WHEN N.I GETS DISCHARGED

27. WHEN PARTIES GET DISCHARGED

28. BANKER & CUSTOMER – RELATION

29. CLEARING HOUSE

30. ELECTRONIC & TRUNCATED CHEQUES

31. STALE CHEQUES

32. BANKER REFUSES PAYMENT OF

CHEQUE 6 5 8

33. LIABILITY OF BANKER – FOR

WRONGFUL DISHONOUR

34. OFFENCES / BOUNCING OF CHEQUE

35. ALLONGE

36. LIABILITY OF VARIOUS PARTIES

37. DISHONOUR BY NON-

ACCEPTANCE VS. NON-PAYMENT

38. OBLIGATIONS OF THE DRAWER OF

A CHEQUE



Chapter wise analysis of Past Exam papers of IPCC in the

subject of BUSINESS ETHICS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. BASIC PRINCIPLES OF

ETHICS & BUSINESS

ETHICS

2.5 10 5 7.5 2.5 6 6.5

2. CORPORATE

GOVERNANCE & CSR 8 5 5 10 7.5 5 5 7.5 4 2 4 4

3. ETHICS IN WORK

PLACE 5 2.5 7.5 7.5 8 14 4 9

4. ENVIRONMENT &

ETHICS 5 5 2.5 10 2.5 7.5 2 4 2.5 4

5.

ETHICS IN

MARKETING &

CONSUMER

PROTECTION

7 7 7 7 7.5 2.5 7.5 2.5 2.5 5 4 4 4

6. ETHICS IN

ACCOUNTING AND

FINANCE

5 7.5 7.5 5 5 5 4 8 4




1. PRINCIPLES OF BUSINESS ETHICS


M-05

TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. ETHICS

NO QUESTIONS GIVEN

2. ORIGIN OF ETHICS 2

3. SOCIAL SINS LISTED BY

GANDHIJI 2.5 4

4. ETHICS & MORALS 2.5 2.5 4

5. IS ETHICS SAME AS

RELIGION?

6. ETHICS & LAW

7. GOLDEN RULE OF ETHICS

8. PRINCIPLES OF ETHICS –

CONSTANT

9. BRANCHES & NATURE OF

ETHICS

10. IDENTIFICATION OF

ETHICAL STANDARDS

11. SOURCES OF ETHICAL

STANDARDS

12. BUSINESS ETHICS & ITS

NEED 7.5 5 5 2.5

13. ETHICAL DELEMMAS

14. ETHICAL PRACTICES 2.5

15. EFFORTS OF GOVT.TO

ENSURE ETHICAL

BEHAVIOUR

16. INSTITUTIONALISING

BUSINESS ETHICS



2. CORPORATE GOVERNANCE & CSR


M-05

TO

M-06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. STAKE HOLDERS

NO QUESTIONS GIVEN

5 2

2. CORPORATE GOVERNANCE

& IMPORTANCE

3. HISTORICAL BACKGROUND

OF CG

4. CHARACTERISTIC FEATURES

OF GOOD CG. 5 5

5. BENEFITS OF CG

6. CLAUSE 49 OF LISTING

AGREEMENT

7. ROLE OF AUDIT COMMITTEE

IN CG 5 4

8. CSR AND ITS ORIGIN 2.5 4

9. KEY DEVELOPMENTS OF CSR 4

10. NEED AND BENEFITS OF CSR 8 5 5 5

11. IMPLEMENTATION OF CSR

12. VARIOUS EXTERNAL

STANDARDS – CSR

13. CORPORATE CITIZENSHIP &

BENEFITS

14. ACTIVITIES TO PROMOTE

CSR

15. CSR MINIMISE ECOLOGICAL

DAMAGE 5

16. GOVERNANCE

ACCOUNTABLE SOLELY TO

INVESTORS

2.5



3. ETHICS IN WORK PLACE


M-05

TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. WORK PLACE ETHICS

NO QUESTIONS GIVEN

2. IMPORTANCE OF ETHICAL

BEHAVIOUR 2.5 5 2 5

3. FACTORS INFLUENCING

ETHICAL BEHAVIOUR

4. REASONS FOR ETHICAL

DILEMMAS

5. ETHICAL ISSUES FACED BY AN

INDIVIDUAL 5 2.5 4

6. EMPLOYMENT

DISCRIMINATION 8 4

7. EMPLOYMENT

DISCRIMINATION PRACTICES

8. PROMOTION POLICIES 2.5

9. HARASSMENT 4

10. SEXUAL HARASSMENT 4

11. OCCUPATIONAL SAFETY &

HEALTH IN FACTORIES ACT

12. GUIDELINES FOR MANAGING

ETHICS 5 4

4. ENVIRONMENT & ETHICS


M-05

TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. SUSTAINABLE DEVELOPMENT

NO QUESTIONS GIVEN

5 2 2.5

2. MAIN FORMS OF POLLUTION 2.5

3. GLOBAL WARNING

4. OZONE DEPLETION 2.5

5. ACID RAIN



6. ECOLOGICAL ETHICS 2.5 4

7. CONSERVATION OF NATURAL

RESOURCES

8. ENVIRONMENT ETHICS 5 2.5

9. ECO-FRIENDLY BUSINESS

PRACTICES 5

10. GREEN ACCOUNTING SYSTEM 5 4

11. GOOD ENVIRONMENTAL

PRACTICE IMPROVES

CORPORATE PERFOMANCE

2.5

5. ETHICS IN MARKETING & CONSUMER PROTECTION


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. ETHICS & MARKETING

2. CONSUMER AND

PUBLIC INTEREST 2.5 2.5

3. CONSUMER INTEREST

VS.PUBLIC INTEREST

4. ETHICAL BEHAVIOUR IN

MARKETING 2.5 7.5 5 4

5. COMPETITION

6. COMPETITION POLICY

& LAW 4

7. COMPETITION AND

CONSUMER WELFARE

8. COMPETITION LAW IN

UK & US

9. OBJECTIVES OF

COMPETITION ACT

2002

7 7 7 7 2.5

10. MAIN INGREDIENTS OF

COMPETITION ACT

11. CONSUMER 2.5 2.5



12. INITIATIVES BY “UN”

TOWARDS CONSUMER

WELFARE

13. CONSUMER

PROTECTION COUNCIL 4

14. OBJECTIVES OF

CENTRAL CONSUMER

PROTECTION COUNCIL

6. ETHICS IN ACCOUNTING & FINANCE


TO

N-06

M-

07 N-07

M-

08

N-

08

M-

09

N-09

TO

M-10

N-

10

M-

11

N-

11

M-

12

1. IMPORTANCE OF ETHICS-

FINANCE & ACCOUNTING

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

4

2. ETHICAL DILEMMA-FINANCE

& ACCOUNTING

3. ETHICAL CONFLICTS-

FINANCE & ACCOUNTING 5

4.

ASPECTS-ETHICAL

ACCOUNTING

ENVIRONMENT

2.5

5. UNETHICAL BEHAVIOUR –

REASONS 2.5 5

6. FUNDAMENTAL PRINCIPLES

OF ETHICS 4 4

7. VARIOUS THREATS 5 5 4

8. EXAMPLES FOR SELF-

INTEREST 5

9. EXAMPLES FOR SELF-

REVIEW THREATS

10. EXAMPLES FOR ADVOCACY

THREATS

11. EXAMPLES FOR FAMILIARITY

THREATS

12. EXAMPLES FOR

INTIMIDATION THREATS

13. SAFE GUARDS TO

OVERCOME THREATS

14. ETHICAL CONFLICTS

RESDUTION 5

15. PRACTICAL QUESTION



Chapter wise analysis of Past Exam papers of IPCC in the

subject of BUSINESS COMMUNICATION


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. ESSENTIALS OF

COMMUNICATION 13 12 14 20 5 10 5 5 5 8 12 12 9

2. INTERPERSONAL

COMMINICATION SKILLS 5 5 5 5 4 8 4 4

3. GROUP DYNAMICS 5 5 5 8 8

4. CORPORATE CULTURE 2 4

5. COMMUNICATION

ETHICS 5 4

6.

COMMUNICATION IN

BUSINESS

ENVIRONMENT

11 10 3 10 5 5 10 10 5 10 5 4

7. LEGAL DEEDS 10 5 5 5 10 5 10 8 8




1. ESSENTIALS OF COMMUNICATION


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. COMMUNICATIONS & ITS

IMPORTANCE 2 1 1

2. CHARACTERISTICS OF

COMMUNICATION

3. NEED FOR

COMMUNICATION 4

4. FACTORS RESPONSIBLE -

IMPORTANCE OF

COMMUNICATION

1 1 5

5. PROCESS OF

COMMUNICATION 1 1 5

6. INTERNAL & EXTERNAL

COMMUNICATION

7. DIFFERENT DIMENSIONS

8. FORMAL CHANNELS OF

COMMUNICATION 5 4

9. INFORMAL CHANNELS OF

COMMUNICATION

10. GRAPEVINE CHAINS -

TYPES, FUNCTIONS 5 4

11. INFORMAL ALONG WITH

FORMAL COMMUNICATION

12. GRAPEVINE –

ADVANTAGEOUS OR NOT 1 5

13. INTERDEPARTMENTAL

COMMUNICATION 1 1

14. DIFFERENT MEANS OF

COMMUNICATION

15. DIFFERENT TYPES OF

COMMUNICATION 1

16. VERBAL

COMMUNICATION 2

17. ORAL COMMUNICATION 4

18. WRITTEN

COMMUNICATION AND

ITS IMPORTANCE

5



19. WRITTEN

COMMUNICATAION -

LIMITATIONS

1

20. ORAL VS. WRITTEN

COMMUNICATION 4

21. REQUIREMENTS OF

EFFECTIVE WRITTEN

COMMUNICATION

1

22. NON – VERBAL CUES

23. NON – VERBAL

COMMUNICATION OF SIGN

LANGUAGE

4

24. AUDIO – VISUAL

COMMUNICATION

25. BODY LANGUAGE /

KINESICS

26. PARA LANGUAGE

27. ADVANTAGES OF PARA

LANGUAGE

28. PHYSICAL DISTANCE

BETWEEN INDIVIDUALS 2

29. TIME IS MONEY

30. COMMUNICATION

PROCESS 5 1 1 3

31. BARRIERS TO

COMMUNICATION 2 6 5 4 4 5

32. TOUCH SENDS MANY

MESSAGES

33. SILENCE - WAY OF

COMMUNICATION 1 1

34. PRINCIPLES OF WRITTEN

COMMUNICATION

35. PARTS OF BUSINESS

LETTER 4

36. LAYOUTS OF LETTERS 1

37. PLANNING OF BUSINESS

MESSAGES

38. CHECKLIST FOR

COMPARING BUSINESS

MESSAGES

5

39. LETTER WRITING 10



2. INTERPERSONAL COMMUNICATION SKILLS


TO

N-06

M-

07

N-

07

M-08

TO

N-08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. INTERPERSONAL

COMMUNICATION

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. INTERPERSONAL VS. IMPERSONAL

3. PRINCIPLES OF INTERPERSONAL

COMMUNICATION 4

4. CONTEXTS OF INTERPERSONAL

COMMUNICATION

5. FUNCTION OF INTERPERSONAL

COMMUNICATION 5

6.

WAYS TO IMPROVE

INTERPERSONAL

COMMUNICATION

8

7. ACTIVE LISTENING & GUIDE LINES 5 4 4

8. CRITICAL THINKING & ITS

PURPOSES 5

9. PROCESSES INVOLVED IN CRITICAL

THINKING

10. EMOTIONAL INTELLIGENCE 5

3. GROUP DYNAMICS


TO

N-06

M-

07

N-

07

M-

08

N-

08

M-09

TO

N-10

M-

11

N-

11

M-

12

1. GROUP & ITS CHARACTERSTICS

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

4

2. GROUP DYNAMICS 5

3. VARIOUS TYPES OF GROUPS

4. CHARACTERSTICS OF GROUP

PERSONALITY 4

5. TEAM ROLES

6. LEADERSHIP

7. GROUP THINK

8. GROUP CONFLICTS & ITS NATURE 5

9. WHY GROUP CONFLICTS ARISE

10. EFFECTS OF GROUP CONFLICT

11. MANAGING GROUP CONFLICTS 4

12. CONSENSUS BUILDING & ITS

TECHNIQUES

13. NEGOTIATION & ITS NATURE 4



14. ASPECTS THAT INTERFERE IN

NEGOTIATION

15. STEPS IN NEGOTIATION PROCESS 5

16. RULES OF NEGOTIATION

17. CONCEPT OF PERSUASIVE SKILLS

18. STRATEGIES FOR NEGOTIATION

4. CORPORATE CULTURE


N-05

TO

M-10

N-10

M-11

TO

M-12

1. CORPORATE CULTURE & ITS ELEMENTS

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. ORGANISATIONAL CHANGE

3. ORGANISATION WIDE CHANGE - DIFFICULT?

4. REASONS FOR RESISTING THE CHANGE

5. REASONS FOR ACCEPTANCE OF CHANGE 4

6. DISADVANTAGES OF INEFFECTIVE COMMUNICATION

7. HELP OF EFFECTIVE COMMUNICATION

8. CONSIDERATIONS FOR COMMUNICATION IN CHANGE SITUATIONS

9. INNOVATION 2

10. ROLE OF INNOVATION

11. INNOVATION – KEY TO SUCCESS & SURVIVAL

12. STAGES IN INNOVATION & BARRIERS

13. ATTRIBUTES OF AN INNOVATIVE ORGANISATION

14. BUILDING OF AN INNOVATIVE ORGANISATION

15. PRE-REQUISITES FOR FOSTERING INNOVATIVE SPIRITS

5. COMMUNICATION ETHICS


TO

M-11

N-11 M-12

1. MEANING OF COMMUNICATION ETHICS

NO QUESTIONS GIVEN 5

2. NATURE OF ETHICAL COMMUNICATION 4

3. IMPORTANCE OF ETHICAL COMMUNICATION

4. ETHICAL DILEMMAS IN COMMUNICATION

5. GUIDELINES TO HANDLE ETHICAL DILEMMA

6. GUIDELINES OF NCA IN ETHICAL COMMUNIATION

7. ADVANTAGES OF ETHICAL COMMUNICATION



6. COMMUNICATION IN BUSINESS ENVIRONMENT


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-11

TO

M-12

1. MEETINGS (MINUTES) 1 10 3

NO QUESTIONS GIVEN 2. AGM (MINUTES) 10 5

3. NOTICE FOR A MEETING

(MONTHLY) 10

4. NOTICE FOR AGM 5 5 5

5. NOTICE FOR EGM 5

6. NOTICE FOR BOARD OF

DIRECTORS 5 5

7. CIRCULAR TO EMPLOYEES 5

8. NOTICE FOR SGM 5 5 4

7. LEGAL DEEDS & DOCUMENTS


TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-11

TO

N-11

M-

12

1. POWER OF ATTORNEY

NO QUESTIONS GIVEN

5 5

NO QUESTIONS GIVEN

2. INDEMNITY BOND (SHARES,

DIVIDEND WARRANT) 5 4

3. GIFT DEED 5 4

4. PARTNERSHIP DEED 5 5 5 4

5.

INDEMNITY BOND

(DUPLICATE SHARE

CERTIFICATE)

6. ANNUAL REPORT 5

7. LEASE DEED 5

8.

LETTER TO BANK

ACKNOWLEDGING THE

RECEIPT

4

THE END

IPCC Chapter / Topic wise Analysis of Past Exam Papers in Costing & F.M._________37







1. COST SHEET Till now there are no questions from this chapter in all previous IPCC examinations

2. MATERIALS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-11

TO

M-12

1.

EOQ, NO. OF ORDERS,

CARRYING & ORDERING

COST

8 2 8 2 3 5

NO PROBLEMS GI VEN

2. INVENTORY LEVELS 4 10 2

3. MATERIAL TURNOVER

RATIO

4. COST OF RECEIPTS

5. COST OF ISSUES 5

6. DECISION MAKING

7. CALCULATION OF

PURCHASE PRICE

8. ABC ANALYSIS

3. OPERATING COSTING


05

N-05

TO

M-07

N-07

M-08

TO

N-08

M-

09 N-09

M-

10

N-10

TO

N-11

M-

12

1. TRANSPORT COSTING 5

NO PROBLEMS GIVEN

2

NO PROBLEMS GIVEN

8

NO PROBLEMS GIVEN

2. HOTEL COSTING

3. ELECTRICITY COSTING

4. HOSPITAL COSTING

5. DECISION MAKING

6. COMMERCIAL TONNE KILOMETERS 2

7. ABSOLUTE TONNE KILOMETERS

8. MACHINE HOUR RATE 5



4. LABOUR-1


05

N-

05

M-06

TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-10

TO

N-10

M-

11

N-

11

M-

12

1. CALCUALTION OF

REMUNERATION

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2.

CALCULATION OF

EFFICIENCY, CAPACITY &

ACTIVITY RATIOS

3. CALCULATION OF BONUS,

NON-STANDARD PLANS

4. CALCULATION OF BONUS –

STANDARD PLANS 8 2 2 2 3 5 5 8

5. LABOUR COST PER GOOD

UNIT

5. LABOUR-2


M-05

TO

N-09

M-10

N-10

TO

M-12

1. LABOUR COST ANALYSIS

NO PROBLEMS

GIVEN

NO PROBLEMS

GIVEN

2. BONUS TO DIRECT & INDIRECT LABOUR

3. LABOUR TURNOVER RATIO

4. DECISION MAKING

5. RECRUITMENT POLICY

6. SUGGESTION BOX SCHEME – AWARD

7. BONUS THEORM - PROOF 3

6. OVERHEADS-1


05

N-05

TO

M-06

N-06 M-

07

N-07

TO

N-08

M-

09

N-09

TO

M-12

1. OVERHEAD RECOVERY RATE – NO CROSS SERVICE

NO PROBLEMS GIVEN

15

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2. OVERHEAD RECOVERY RATE – CROSS SERVICE

3. STEP LADDER METHOD 3 7

4. FIXED AND VARIABLE OVERHEAD 10

5. DIFFERENT METHODS OF OH RECOVERY

6. BLANKET VS. DEPARTMENTAL RECOVERY RATE

7. ACTIVITY BASE COSTING 12

8. COMPUTATION OF COST DRIVER ALLOCATION % 2

9. CALCULATION OF VARIABLE & FIXED COSTS 2



7. OVERHEADS-2


05

N-

05

M-06

TO

M-07

N-

07

M-

08

N-

08

M-09

TO

N-10

M-

11

N-

11

M-

12

1. UNDER / OVER RECOVERY

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2. OH RECOVERY BASED ON DIFFERENT

CAPACITIES 2

3. TREATMENT OF UNDER / OVER

RECOVERY 8

4. CONCEPT OF EQUIVALENT UNITS

5. MULTIPLE MACHINE HOUR RATE 14

6. MACHINE HOUR RATE 5 8 8

8. RECONCILIATION OF COST & FINANCIAL STATEMENTS


05 N-05

M-06

TO

N-08

M-

09

N-09

TO

M-10

N-10

M-11

TO

M-12

1. RECONCILIATION STATEMENT

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2. COSTING P & L A/C FINANCIAL P&L A/C

3. COSTING, FINANCIAL P&L A/C, RECONCILIATION 10

4. CONTROL ACCOUNTS+RECONCILIATION

5. LOSS TO LOSS RECONCILIATION

6. RECONCILIATION IN CASE OF CLOSING WIP

7. RECONCILIATION WITH OHRR

8. MEMORANDUM RECONCILIATION ACCOUNT 7 8

9. JOB COSTING & BATCH COSTING


M-12

1. COST OF JOB-CALCULATION

NO PROBLEMS GIVEN

2. FIXING OF SELLING PRICE FOR A JOB

3. WHEN TO COMPLETE A JOB

4. FINDING COST OF JOB AT DIFFERENT OHRR’S

5. JOB COSTING WITH CLOSING WIP

6. ECONOMIC BATCH QUANTITY

7. COST OF BATCH – CALCULATION

8. BATCH COSTING WITH MULTIPLE DEPARTMENTS

9. COP AT DIFFERENT BATCHES OF PRODUCTION

10. DECISION MAKING IN BATCH COSTING



10. BOOK KEEPING IN COSTING


05

N-05 TO

M-08

N-

08

M-09 TO

N-10

M-

11

N-

11

M-

12

1. CONTROL ACCOUNTS NO

PROBLEMS

GIVEN

15 NO

PROBLEMS

GIVEN

8

2. RECONCILIATION STATEMENT

3. CONTROL A/C’S + RECONCILIATION

STATEMENT 8 12

11. JOINT PRODUCTS AND BY-PRODUCTS


N-05

TO

N-06

M-07

N-07

TO

M-12

1. COSTS (JOINT) – APPORTIONING ON SPLIT OFF POINT, NRV

METHOD, SALE VALUE, PHYSICAL UNITS METHOD

NO PROBLEMS

GIVEN

NO PROBLEMS

GIVEN

2. COST PER UNIT – CALCULATION

3. STATEMENT OF COSTS

4. DECISION MAKING 8

5. COMPREHENSIVE PROBLEMS 9

12. PROCESS COSTING


05

N-

05

M-

06

N-06

TO

M-07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. PREPARATION OF

PROCESS ACCOUNTS

NO PROBLEMS GIVEN

8 3 8 8

2. FIXATION OF SELLING

PRICE

3. PROCESS A/C WITH

CLOSING WIP

4. PROCESS A/C FIFO

METHOD 14

5. PROCESS A/C FIFO + TWO

MATERIALS

6. PROCESS A/C – AVERAGE

METHOD 8 8

7. PROCESS A/C – AVERAGE

METHOD + 2 MATERIALS

8. PROCESS A/C – LIFO

METHOD

9.

STATEMENT OF

EQUIVALENT

PRODUCTION PROCESS

A/C & COST PER UNIT

10 8 8



13. OPERATION COSTING


1. OPERATION ACCOUNTS NO PROBLEMS

GIVEN 2. CALCULATION OF COST PRICE OF RAW MATERIAL

14. CONTRACT COSTING


M-05

TO

N-05

M-

06

N-

06

M-

07

N-07

TO

M-08

N-

08

M-

09

N-09

TO

M-10

N-

10

M-11

TO

N-11

M-

12

1. CONTRACT ACCOUNT

NO PROBLEMS GIVEN

10

8

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

8

NO PROBLEMS GIVEN 8

2. PROFIT / LOSS ON

INCOMPLETE CONTRACTS 3

3. COST PLUS CONTRACTS

4. CONTRACTS WITH

ESCALATION CLAUSE

5. CALCULATION OF WIP &

CONTRACT PRICE 3

15. MARGINAL COSTING


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. MARGINAL COST SHEET

2. BEP, MOS, P/V RATIO,

SHUT DOWN POINT 7 3 3 3 3 2 3 5

3. INDIFFERENCE POINT

4. KEY FACTOR

5. DECISION MAKING 11

6. ABSORPTION COSTING

7.

MARGINAL &

ABSORPTION COST

SHEET

11 15

8. COST-VOLUME PROFIT

ANALYSIS

9. CALCULATION OF PRICE

& QUANTITY 11

10. COMPREHENSIVE

PROBLEMS 6 8

11. REASONS FOR LOSSES –

CALCULATION OF LOSS 13



16. STANDARD COSTING


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. MATERIAL VARIANCES 11

3 2 8 15

2. LABOUR VARIANCES

3. FIXED OVERHEAD

VARIANCES

8

4. VARIABLE OVERHEAD

VARIANCES

5. SALES VARIANCES 5

6. TOTAL VARIANCES 11 8

7. CALCULATION OF

MISSING FIGURES 8

8. COMPREHENSIVE

PROBLEMS 15

9. BUDGET + VARIANCES 15

17. BUDGETARY CONTROL


TO

N-05

M-

06

N-06

TO

M-07

N-

07

M-08

TO

N-08

M-

09

N-

09

M-10

TO

N-11

M-

12

1. SALES BUDGET

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2. PRODUCTION BUDGET 11 5

3. FLEXIBLE BUDGET

4. MASTER BUDGET

5. CASH BUDGET

6. EFFICIENCY & CAPACITY RATIO 2 2




Chapter wise analysis of Past Exam papers of IPCC in the subject of COSTING

(Theory )


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. BASIC CONCEPTS IN

COSTING 6 4 4 2 7 4 4 2 4 4 4 4 4 4

2. MATERIALS 3 4 4 3 3 3 2 3 4 4

3. LABOUR 4 2 3 5 9 3 4

4. OVERHEADS 3 10 2 4 2 3 8

5. CONTRACT COSTING 2 2 4 2 2 2 4 4

6. PROCESS COSTING 3

7. BOOK KEEPING 3 3 2 4

8. BUDGETORY CONTROL 4 4 2 2 3 8

9. COST AUDIT

10. MARGINAL COSTING 4 3 2 6

11. RECONCILIATION OF

COST 6 3 4

12. OPERATING COSTING 2 2 2

13. JOING & BY PRODUCTS 9 4

14. STANDARD COSTING 4 6


1. BASIC CONCEPTS OF COSTING


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. COST & FINANCIAL

ACCOUNTING

2. COST & MANAGEMENT

ACCOUNTING

3. COST, VALUE AND PRICE

4. ADVANTAGES OF COST

ACCOUNTING SYSTEM 2 2

5. ROLE OF COST

ACCOUNTANT

6. CLASSIFICATION OF COSTS

7. CLASSIFICATION OF

OVERHEADS 2

8. EXPLICIT AND IMPLICIT

COSTS 3 2



9.

COMMITTED AND

DISCRETIONARY FIXED

COSTS

10. CONVERSION COST AND

ADDED VALUE

11. CLASSIFICATION OF COSTS

- NORMALITY BASIS

12. PERIOD COSTS AND

PRODUCT COSTS 2 2

13. COST ASCERTAINMENT –

BASED ON TIME

14. METHODS OF COSTING 2

15. UNIT COST METHOD

16. FEATURES OF GOOD COST

ACCOUNTING SYSTEM 4

17.

STEPS INVOLVED IN

INSTALLING A COSTING

SYSTEM

18.

FACTORS BEFORE

INSTALLING COSTING

SYSTEM

4

19.

REPORTS USED FOR

DECISION MAKING

PURPOSE

20.

ITEMS NOT TO BE

CONSIDERED IN COST

SHEET

21. PRODUCTION ACCOUNT

VS. COST SHEET

22. COST REDUCTION & ITS

ADVANTAGES 2

23. COST REDUCTION AND

COST CONTROL 4

24. UNIFORM COSTING & ITS

OBJECTIVES

25. UNIFORM COST MANUAL 3

26. LIMITATIONS OF INTER-

FIRM COMPARISION

27. VALUE ANALYSIS

28.

METHODS OF

SEGREGATING SEMI

VARIABLE COSTS

29. COST CENTRE AND COST

UNIT 4

30. DIFFERENT TYPES OF COSTS 3 2 4 2 2 4

31. PROFIT CENTRE 2

32. INVESTMENT CENTRE



2. MATERIALS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. OBJECTIVES OF A SYSTEM OF

MATERIAL COST CONTROL

2. DUTIES OF SHOPKEEPER

3. STEPS IN PURCHASES

4. PURCHASE REQUISITIONS

5.

STEPS IN MATERIAL

STORAGE & ITS

PLANNING

6. TOOLS AVAILABLE FOR

MATERIAL CONTROL 4

7. SLOW MOVING ITEMS

8. ROL & ROQ

9. BINCARDS AND STORES

LEDGER

10. PERIDIC & CONTINUOURS

STOCK TAKING

11. JUST-IN-TIME PURCHASES

& ADVANTAGES

12. MATERIAL ISSUE

PROCEDURE

13. BILL OF MATERIALS VS.

MRN 4

14. ADVANTAGES &

DISADVANTAGES OF

CENTRAL STORAGE

15. LOSSES DUE TO OBSELETE

STORES

16. TREATMENT OF

SHORTAGES

17. TREATMENT OF WASTAGES

18. TREATMENT OF SCRAP

3

3

2 3

19. TREATMENT OF

DEFECTIVES

20. CIRCUMSTANCES WHERE

ROQEOQ ≠

21. TREATMENT OF CASH

DISCOUNT RECEIVED

22. LIFO, ADVANTAGES AND

DISADVANTAGES



23. MATERIAL HANDLING

COST

24. LEAD TIME OR ORDER

PERIOD

25. VED ANALYSIS & FSND

ANALYSIS

26. ABC ANALYSIS 4 3 4

27. LIFO HAS AN EDGE OVER

FIFO-? 3

3. LABOUR


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. ELEMENTS OF WAGES

2. PRINCIPLES INFIXING THE

REMUNERATION

3.

CASES WHERE TIME

RATE SYSTEM IS

PREFERRED

4. TIME KEEPING AND ITS

OBJECTIVES

5. METHODS OF TIME

KEEPING

6. TIME BOOKING 2

7.

DEPARTMENTS

INVOLVED IN CONTROL

OF COSTS

8.

PROCEDURE IN

PREPARATION OF

PAYROLL

9.

FACTORS BEFORE

INTRODUCING

INCENTIVE SYSTEM

10. GROUP BONUS AND ITS

OBJECTIVES

11. SCHEMES OF GROUP

BONUS

12. POINTS SYSTEM OF

WAGE PAYMENT

13. PROFIT SHARING & CO-

PARTNERSHIP SCHEME

14. CASUAL WORKER VS.

SITE LABOUR

15. TIME AND MOTION

STUDY



16. JOB EVALUATION &

MERIT RATING 3

17. METHODS OF JOB

EVALUATION

18. IDLE TIME AND

OVERTIME PREMIUM 4 2

19. LABOUR TURNOVER

20. STEPS IN REDUCING

LABOUR TURNOVER 3

21. METHODS OF

CALCUALTING LTR 4

22. CAUSES FOR LABOUR

TURNOVER

23. WAGES UNDER

DIFFERENT SYSTEMS 9

24. TREATMENT OF IDLE

CAPACITY COSTS 3

4. OVERHEADS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. OVERHEAD ABSORPTION

RATES

2. ALLOCATION AND

APPORTIONMENT 2

3.

SELECTION FOR

APPROPRIATE BASIS OF

ABSORPTION

4.

METHODS OF

ACCOUNTING FOR

AOH/SOH

4

5.

ALLOCATING SERVICE

DEPT. COSTS TO

PRODUCTION

4

6. METHODS OF PRE-

DETERMINED OHRR

7.

METHODS OF

ABSORBING POH TO

PRODUCTS

8. INTEREST AS OVERHEAD

EXPENSE

9.

INTEREST NOT

CONSIDERED IN COST

ACCOUNTS



10. CODIFICATION OF

OVERHEADS-OBJECTIVES

11. CHARGEABLE EXPENSES

12. TREATMENT OF UNDER /

OVER ABSORBED 6 3 4

13. TREATMENT OF

REASEARCH & DEVELOP

EXP.

3 2 2

14. CONDITIONS TO USE

SUPPLEMENTARY RATES

15. BLANKET RECOVERY RATE 2

5. CONTRACT COSTING


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. MEANING, NEED,

FEATURES – CONTRACT

COSTING

2. RULES TO TRANSFER P/L

FROM INCOMPLETE

CONTRACTS

4 4

3. PROGRESS PAYMENTS &

RETENTION MONEY 4

4. PROVISION FOR LOSS ON

CONTRACT

5. RECONGITION OF PROFIT

AN ALMOST COMPLETED

CONTRACT

6. COST PLUS CONTRACTS 2 2

7. ESCALATION CLAUSE 2

8. JOB COSTING VS.

CONTRACT COSTING 2

9. JOB COSTING VS. BATCH

COSTING 2

6. PROCESS COSTING


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. INTER-PROCESS PROFITS

2. PROCESS COSTING

3. FEATURES OF PROCESS

COSTING



4.

TREATMENT OF

NORMAL LOSS,

ABNORMAL LOSS / GAIN

5. JOB VS. PROCESS

COSTING

6. CONCEPT OF

EQUIVALENT UNITS 3

7.

OPERATION COSTING-

REFINEMENT OF

PROCESS COSTING

7. BOOK KEEPING


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. INTEGRATED ACCOUNTS &

ADVANTAGES 2 4

2.

PRE-REQUISITES OF

INTEGRATED A/CING

SYSTEM

3 3

3. COST LEDGER CONTROL

ACCOUNT

8. BUDGETORY CONTROL


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. BUDGET 4

2. OBJECTIVES OF

BUDGETING

3. BUDGETORY CONTROL

& ITS FEATURES

4.

OBJECTIVES OF

BUDGETORY CONTROL

SYSTEM

2

5.

LIMITATIONS OF

BUDGETORY CONTROL

STSTEM


BUDGET

7. FIXED AND FLEXIBLE

BUDGET 4

8.

ADVANTAGES OF

BUDETORY CONTROL

SYSTEM



9. STEPS IN PREPARATION

OF BUDGETS

10. FUNCTIONAL BUDGET 3

11. ZERO BASE BUDGETING 4

12. FLEXIBLE BUDGET 2

13. SINGLE BUDGET SYSTEM

SERVES SERERAL

PURPOSES?

4

9. COST AUDIT


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. TYPES OF COST AUDIT

2. VERIFICATION-IN THE

AREA OF WIP

3. COST AUDIT

PROGRAMME

4.

RECORDS TO BE

MAINTAINED UNDER

COST ACCOUNTING

RECORD RULES

10. MARGINAL COSTING


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. MARGINAL COSTING

2. MARGINAL COSTING &

ABSORPTION COSTING 4

3. BREAK EVEN POINT 3

4. MARGIN OF SAFETY

5. SHUT DOWN POINT

6. INDIFFERENCE POINT

7. BEP VS. INDIFFERENCE

POINT

8. KEY FACTOR 2

9.

FACTORS TO BE

CONSIDERED IN

DECISIONS

10. ADVANTAGES OF

MARGINAL COSTING

11. LIMITATIONS OF

MARGINAL COSTING



12. ANGLE OF INCIDENCE 2

13. DIRECT COSTING

14. DIFFERENTIAL COSTING

15. CASES WHERE PRICE

FIXED IS < MARGINAL

COST

16. BASIC ASSUMPTIONS

OF CVP ANALYSIS 4

11. RECONCILIATION OF COST


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12


COSTING PROFITS

6


FINANCIAL PROFITS

3. FACTORS THAT CAUSE IN

DIFFERENCE IN PROFITS 3

4. FINANCIAL EXPENSES

INDUDED IN COSTS 2

5. RECONCILIATION WHEN

NOT NECESSARY 2

12. OPERATING COSTING


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. OPERATING COSTING –

MEANING 2

2. ADVANTAGES OF

OPERATING COSTING

3.

ABSOLUTE TON KM

AND COMMERCIAL TON

KM

2

4. UNIT-COST TO

INDUSTRIES 2

13. JOINT & BY PRODUCTS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. JOINT PRODUCTS

2. BY PRODUCTS

3. SPLIT OFF POINT

4.

METHODS TO

APPORTION JOINT

COSTS

9 4



14. STANDARD COSTING


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. STANDARD COSTING

2. METERIAL VARIANCES

3. LABOUR VARIANCES

4. FIXED OVERHEAD

VARIANCES

5. VARIABLE OVERHEAD

VARIANCES

6. SALES VARIANCES

7.

OVERHEAD VARIANCES

SHOULD BE

INDEPENDENT

4

8. JOURNAL ENTRIES 6








1. TIME VALUE OF MONEY


M-05

TO

N-06

M-

07

N-07

TO

M-08

N-08

M-09

TO

N-09

M-

10

N-10

TO

M-12

1. SIMPLE INTEREST

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2. COMPOUND INTEREST 2

3. FUTURE VALUE OF SINGLE AMOUNT 3

4. PRESENT VALUE OF SINGLE AMOUNT 3

5. FUTURE VALUE OF ANUITY IMMEDIATE

6. PRESENT VALUE OF ANNUITYIMMEDIATE

7. PRESENT VALUE OF PERPETUITY

8. PRESENT VALUE OF GROWING PERPETUITY

2. CAPITAL BUDGETING


M-05

TO

M-06

N-06 M-07 N-07 M-08 N-08

M-09

TO

M-12

1. AVERAGE RATE OF RETURN

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2. CALCULATION OF CFAT

3. PAY BACK PERIOD & DISCOUNTED PBP

4. NPV 8 7

5. ANNUALISED NPV

6. EQUIVALENT ANNUAL CASH OUTFLOWS 8

7. TERMINAL VALUE METHOD

8. IRR

9. NPV & IRR IN THE SAME PROBLEM

10. PROFITABILITY INDEX

11. CAPITAL RATIONING

12. FINDING MISSING VALUES



3. ADVANCED CONCEPTS IN CAPITAL BUDGETING


05

N-

05

M-

06

N-06

TO

N-07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. COMPREHENSIVE

PROBLEMS 10

NO PROBLEMS GIVEN

8 8 9 8 8

2. NPV & IRR CONFLICT

3. REPLACEMENT DECISIONS 12

4. INFLATION IN CAPITAL

BUDGETING 7 8

4. COST OF CAPITAL


05

N-

05

M-

06

N-06

TO

M-07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. COST OF CAPITAL OF

IRREDEEMABLE DEBT

NO PROBLEMS GIVEN

2. COST OF CAPITAL OF

REDEEMABLE DEBT 6

3. COC OF REDEEMABLE

DEBT (INSTALLMENT)

4. COC OF REDEEMABLE

PREFERENCE SHARES

5. COC OF IRREDEEMABLE

PREFERENCE SHARES

6. COST OF EQUITY (NO

GROWTH IN DIVIDENDS) 3

7. COST OF EQUITY

(CONSTANT GROWTH)

8. COST OF EQUITY (NON-

CONSTANT GROWTH) 6

9. WACC (BOOK VALUE

WEIGHTS) 3

10. WACC (MARKET VALUE

WEIGHTS) 9 5 5

11. CAPM APPROACH



12. VALUATION OF BONDS &

SHARES

13. COST OF RETAINED

EARNINGS 2

14. COMPREHENSIVE

PROBLEMS 7 8 5

5. CAPITAL STRUCTURE

No. Chapter/Topic Name M-05 N-05

M-06

TO

M-09

N-09

M-10

TO

N-10

M-11

N-11

TO

M-12

1. EBIT-EPS ANALYSIS 7

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2. INDIFFERENCE POINT 3

3. TRADITIONAL APPROACH

4. NET INCOME APPROACH

5. NET OPERATING INCOME APPROACH

6. MODIGILIANI MILLER APPROACH

7. ARBITRAGE 3


6. LEVERAGES


M-05

TO

M-06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. CALCULATION OF DOL,

DFL, DCL

NO PROBLEMS GIVEN

6 2 2 4 5 8

2. CALCULATION OF EPS 2

3. CALCULATION OF ROE,

ROI 2

4. INCOME STATEMENT 8

5. COMPREHENSIVE

PROBLEMS 8 8

6. MISCELLENEOUS 3



7. WORKING CAPITAL MANAGEMENT


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. ESTIMATION OF WC

REQUIREMENT 5 12 5 9 16 8

2. DIFFERENT MODES OF

FINANCING WC

3. MPBF 5 3

4. OPERATING CYCLE 8

5. DEBTORS MANAGEMENT 6 3 8 8 5 5

6. FACTORING 8 3

7. CASH BUDGET 7

8. BAUMOL MODEL-

OPTIMUM CASH BALANCE 3

9. MILLER-ORR MODEL-

OPTIMUM CASH BALANCE

10. CONCENTRATION

BANKING & LOCK BOX

APPROACH

11. EOQ CALCULATION 2

12. MISCELLENEOUS 15

8. RATIO ANALYSIS


05

N-

05

M-

06

N-06

TO

M-09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. PREPARATION OF BALANCE SHEET 7 12 NO

PROBLEMS

GIVEN

15

2. CALCULATION OF RATIOS 12 2 5 8

9. FUNDS FLOW STATEMENTS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1.

STATEMENT OF

WORKING CAPITAL

CHANGES

2. FUND FLOW

STATEMENT 15 8

3. CASH FLOW FROM

OPERATIONS 7

4. CASH FLOW

STATEMENT 16 10 15 15 15 15 16 8






1. SCOPE & OBJECTIVES OF FINANCIAL MANAGEMENT


M-05

TO

N-05

M-

06

N-

06

M-

07

N-

07

M-08

TO

N-08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. MAIN ASPECTS OF FINANCE

FUNCTION

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

3

2. SCOPE & SIGNIFICANCE OF

F.M

3. OBJECTIVES OF F.M 3

4. PROFIT VS. WEALTH

MAXIMISATION 4 2 4 4

5. BASIC AXIOMS OF FM

6. RISK RETURN TRADE OFF

7. FUNCTIONS OF CFO 3 3 4

8. RELATION INVESTMENT

FINANCING DIVIDEND

9. CHANGING SCENARIO OF

F.M IN INDIA 6

10. PERVASIVE NATURE OF

FINANCE FUNCTION

11. EVOLUTION OF. FM

12. DIFFERENCE BETWEEN F.M

& ACCOUNTING 2


No. Chapter/Topic Name M-05N-05 TO

N-07 M-08

N-08

TO

M-11

N-11 M-12


NO

QUESTIONS

GIVEN

NO

QUESTIONS

GIVEN

2. RELEVANCE OF TIME VALUE OF MONEY 2 2 4

3. SIMPLE INTEREST

4. COMPOUND INTEREST



5. EFFECTIVE RATE OF INTEREST

6. CONCEPT OF COMPOUNDING

7. CONCEPT OF PRESENT VALUE

8. CONCEPT OF DISCOUNITNG

9. CONCEPT OF PERPETUITY

10. SINKING FUND

3. CAPITAL BUDGETING


M-

05

N-05

TO

M-06

N-

06

M-

07

N-07

TO

M-08

N-

08

M-

09

N-

09

M-

10

N-

10

M-11

TO

M-12

1. CAPITAL BUDGETING &

PROCESS

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. TYPES OF INVESTMENT DECISIONS

3. PRINCIPLES FOR MEASURING

PROJECT CASH FLOWS

4. TECHNIQUES-PROJECTS

FINANCIAL VIABILITY

5. PAY BACK PERIOD

6. DISCOUNTED PAY BACK

PERIOD

3

7. ARR METHOD

8. NPV METHOD

9. PROJECT NPV & EQUITY NPV

10. IRR METHOD

11. MULTIPLE IRR 3

12. MODIFIED IRR 2

13. NPV & IRR 4

14. NPV & IRR CONFLICTS

15. PROFITABILITY INDEX

16. CAPITAL RATIONING

17. SOCIAL COST BENEFIT

ANALYSIS 4

18. TREE – ANALYSIS IN

MANAGERIAL DECISION 5

19. DESIRABILITY FACTOR 1.5



4. COST OF CAPITAL


M-05

TO

M-06

N-06

M-07

TO

N-08

M-

09

N-09

TO

M-12

1. COST OF CAPITAL & ITS RELEVANCE

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. EXPLICIT & IMPLICIT COST OF CAPITAL

3. COST OF DEBT – FACTORS

4. VALUE OF BOND

5. COST OF PREFERENCE SHARES – FACTORS

6. DETERMINATION OF COST OF EQUITY

7. DEBT CHEAPER THAN EQUITY

8. RETAINED EARNINGS

9. WACC 3

10. MARGINAL COST OF CAPITAL

11. CAPM APPROACH

12. DIVIDEND PRICE EARNINGS APPROACH 2

13. CONCEPT OF BETA

5. CAPITAL STRUCTURE THEORIES


M-05

TO

N-05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

TO

N-

11

M-

12

1. CAPITAL STRUCTURE,

OPTIMUM CAPITAL

STRUCTURE

NO QUESTIONS GIVEN

6 2 2 2

NO QUESTIONS GIVEN

2. MAJOR CONSIDERATIONS

IN CAPITAL STRUCTURE

3. GENERAL ASSUMPTIONS IN

THEORIES

4. RELATION – COS, CAPITAL

STRUCTURE, VALUE OF

FIRM

5. NI APPROACH

6. NOI APPROACH 3 4

7. MM APPROACH 2

8. ARBITRAGE

9. EPS-INDIFFERENCE POINT 2 4



10. FINANCIAL BREAK EVEN

POINT 3 2

11. BUSINESS & FINANCIAL RISK

12. PECKING ORDER THEORY

13. LEASE

14. OVER & UNDER

CAPITALIZATION

6. LEVERAGES


1. LEVERAGES NO QUESTIONS

GIVEN 2. DEBT VS. EQUITY FINANCING

3. IMPACT OF FINNACIAL LEVERAGE ON SHARE HOLDERS BY ROE & ROA

7. WORKING CAPITAL MANAGEMENT


05

N-

05

M-06

TO

N-07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-11

TO

M-12

1. WORKING CAPITAL

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. WCM (ASPECTS)

3. IMPORTANCE OF ADEQUATE

WORKING CAPITAL

4. DETERMINANTS OF WC

5. OPERATING OR WC CYCLE 4

6. CORE CURRENT ASSETS

7. OPTIMUM WORKING CAPITAL

8. INFLATION ON WC

9. TREASURY MANAGEMENT 3 2

10. RECOMMENDATIONS OF SHARE

COMIMITEE

11. RECONMENDATIONS OF JILANI

COMMITTEE

12. CASH BUDGETS

13. FLOAT

14. RECEIVABLES MANAGEMENT 2

15. AGEING SCHEDULE



16. TRADE CREDITS

17. FACTORING 2 5

18. SOURCES OF FINANCE OF WC

19. MPBF 2

20. PLEDGE & HYPO THE CATION

21. INFLATION ON INVENTORY

22. LIQUIDITY VS. PROFITABILITY IN

WC

23. MILLER-ORR MODEL 3

24. BAUMOL MODEL

25. BAUMOL VS. MILLER-ORR

MODEL 4

26. TRADING ON EQUITY 2

8. FINANCIAL ANALYSIS & PLANNING


M-05

TO

M-06

N-

06

M-

07

N-07

TO

M-08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. RATIO ANALYSIS

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. CASH FLOW & FUND FLOW

STATEMENTS 3

3. ROE USING DUPONT MODEL 3 3

4. LIMITATIONS OF FINANCIAL

RATIO ANALYSIS 2

5. RATIOS (DEFINITIONS) 2 7 2 4

6.

EVALUATION OF CO.’S

PERFORMANCE ON

EFFICIENCY & LIQUIDITY

POSITION

4

7. INTERPRETATION OF

VARIOUS RATIOS 4

9. SOURCES OF FINANCE


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. VARIOUS FINANCES IN

INDIA

2. EQUITY SHARE CAPITAL

3. PREFERENCE SHARE

CAPITAL 2



4. RETAINED EARNINGS

5. CAPITAL INCENTIVES

6. DEBENTURES

7. LONG TERM LOANS

8. BRIDGE FINANCE 3 4

9. VENTURE CAPITAL

FINANCING 2 3 2 4

10. LEASE FINANCE 2 2 4

11. FINANCIAL & OPERATING

LEASE

12. DEBT SECURITIZATION 3 3 2 4

13. INTERNATIONAL

FINANCING

14. FINANCIAL

INSTRUMENTS 2

15. EURO-ISSUES

16. GDR’S 2

17. ADR’S 3 2 2

18. IDR’S 2

19. FDI

20. SEED CAPITAL

ASSISSTANCE 3 2

21. COMMERCIAL

BORROWINGS 3

22. SHORT TERM SOURCES

OF FINANCE

23. TRADE CREDITS

24. VARIOUS FORMS OF

BANK CREDIT

25. FINANCING OF EXPORT

TRADE BY BANKS

26. PRE-SHIPMENT FINANCE

27.

VARIOUS MODES OF

POST SHIPMENT

FINANCE

28. COMMERICAL PAOER 3 3

29. DEEP DISCOUNT BONDS 2 2 4

30. SOCIAL COST BENEFIT

ANALYSIS

31. PLOUGHING BACK OF

PROFITS 2 1.5

32. SECURED PREMIUM

NOTES 2

THE END

IPCC Chapter / Topic wise Analysis of Past Exam Papers in Taxation______________68








1. PRELIMINARY DISCUSSION

Topic wise analysis of Past Exam papers of IPCC (Theory)


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-09

TO

M -12

1. CASES WHERE INCOME OF P.Y

ASSESSED IN SAME P.Y 5

NO QUESTIONS GIVEN

2. INCOME SEC – 2(24)

3. DIVERSION OF INCOME &

APPLICATION OF INCOME

4. SUBSTANTIAL INTEREST 4

5. EXPENSE INCURRED IN RELATION TO

EXEMPTED INCOME 4

6. AGRICULTURAL INCOME

7. COMPUTATION OF TAX ON NON-AGRI

INCOME 5

8. COMPOSITE INCOME

9. RESIDENTIAL STATUS OF INDIVIDUALS 2

10. RESIDENTIAL STATUS OF OTHER

PERSONS

11. SCOPE OF TOTAL INCOME

12. INCOME DEEMED TO BE RECEIVED

13. INCOME DEEMED TO ACCRUE OR

ARISE IN INDIA 6 4 2 2

14. MARGINAL RELIEF 4

15. METHOD OF ACCOUNTING – WHEN

RELEVANT 4

16. INCOME FOR SAPLINGS OR SEEDLINGS

GROWN IN NURSERY 2

Topic wise analysis of Past Exam papers of IPCC (Problems)


TO

N-05

M-

06

N-

06

M-

07

N-07

TO

N-09

M-

10

N-

10

M-

11

N-

11

M-

12

1. CALCULATION OF

COMPOSITE INCOME NO

QUESTIONS

GIVEN

NO

QUESTIONS

GIVEN

6

2. DETERMINATION OF

RESIDENTIAL STATUS,TAX 4 14 10 4 4

3. PROBLEM ON SEC-10B 5



2. EXEMPTED INCOMES



05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-11

TO

M -12

1. FAMILY PENSION SEC – 10(19) 1

NO QUESTIONS GIVEN

2. CHARITABLE TRUSTS SEC –

10(23)

3. EXEMPTION TO POLITICAL

PARTY SEC – 13A 2 4

4. COMPENSATION FOR

DISASTER SEC – 10(10 BC) 2

5. DIVIDENDS RECEIVED SEC

– 10(34) 2

6. SUMRECEIVED UNDER LIC

POLICY SEC – 10(10D) 6

7. CHARITABLE TRUSTS 2 6 2 2 4

8. SIKKIMISE INDIVIDUAL

SEC – 10(26AAA) 4

3. INCOME FROM SALARIES



05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-08

TO

M-12

1. SEC-15 CHARGING SECTION

NO QUESTIONS GIVEN

2. FOREGOING & SURRENDER OF SALARY

3. SALARY SEC-17(1) 4

4. PROFIT IN LIEU OF SALARY SEC – 17(3) 4

5. PERAUISITIES & VALUATION SEC – 17(2)

6. SPECIFIED EMPLOYEES

7. VALUE OF RENT FREE ACCOMODATION

8. VALUE OF FURNISHED ACCOMODATION

9. HOTEL ACCOMODATION

10. CONCESSIONAL ACCOMODATION

11. PERQUISITE – DOMESTIC SERVANT

12. PERQUISITE – GAS, ELECTRICITY & WATER SUPPLY

13. PERQUISITE – EDUCATION FACILITIES

14. PERQUISITE – MOTOR CAR

15. PERQUISITE – MEDICAL FACILITY



16. OTHER FRINGE BENEFITS 2

17. INTEREST ON LOANS

18. MOVABLE ASSET

19. PERQUISITE – TRAVELLING (OTHER THAN LTC)

20. PERQUISITE-FREE TRANSPERT

21. PERQUISITE-FREE MEALS, TEA & SNACKS

22. PERQUISITES-GIFTS, CREDIT CARD, CLUB

23. VALUE OF OTHER BENEFITS

24. VRS SEC – 10(10C) 4

25. RETRENCHMENT COMPENSATION SEC – 10(10B) 6

26. HRA SEC-10(13A)

27. GRATUITY SEC – 10(10)

28. LEAVE SALARY – SEC – 10(10AA)

29. PENSION SEC – 10(10A) 6

30. SPECIAL ALLOWANCES SEC – 10(14) 1

31. PROVIDENT FUNDS

32. VALUE OF LTC

33. DEDUCTIONS U/S – 16

34. TAX FREE SALARY

35. ALLOWANCES TO GOVT EMPLOYEES OUTSIDE

INDIA



M-05

TO

N-07

M-

08

N-

08

M-09

TO

M-10

N-

10

M-

11

N-

11

M-

12

1. RENT FREE ACCOMODATION

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2. FURNISHED ACCOMODATION

3. HOTEL ACCOMODATION

4. SPECIFIED EMPLOYEE

5. CONCESSIONAL ACCOMODATION

6. INTEREST ON LOANS 6

7. MOTOR CAR FACILITY

8. MEDICAL FACILITY

9. MOVABLE ASSET

10. VRS

11. HRA 8

12. GRATUITY 4

13. LEAVE SALARY

6

14. PENSION

15. OTHER ALLOWANCES & PERQUISITES 6

16. COMPUTATION OF SALARY

(PERQ.+ ALLOWANCES) 8 8



4. INCOME FROM HOUSE PROPERTY



TO

N-05

M-

06

N-

06

M-07

TO

M-10

N-

10

M-11

TO

N-11

M-

12

1. CHARGING SECTION – 22

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. EXCEPTIONS TO SEC.22

3. OWNERSHIP

4. DEEMED OWNER

5. CALCULATION OF GAV & NAV

6. DEDUCTION OF MUNICIPALITY TAXES

7. TYPES OF HOUSE PROPETIES

8. SELF OCCUPIED PROPERTY

9. LET OUT PROPERTY

10. DEEMED LET OUT PROPERTY

11. NEITHER SELF OCCUPIED PROPERTY NOR LET

OUT PROPERTY OR UNOCCUPIED

12. PARTLY SELF OCCUPIED PROPERTY & PARTLY

LET OUT PROPERTY

13. TDS SEC – 25

14. RECOVERY OF UOREALISED RENT 6 4

15. ARREARS OF RENT RECEIVED 1

16. DEDUCTIONS U/S – 24

17. CO-OWNERSHIP SEC – 26

18. COMPOSITE RENT

19. HOUSE PROPERTY IN A FOREIGN COUNTRY 4

20. HOUSE PROPERTY IN DISPUTED OWNERSHIP



TO

N-07

M-

08

N-08 M-

09

N-09 M-10

TO

M-12

1. DEEMED OWNER

NO QUESTIONS GIVEN

2

NO QUESTIONS GIVEN

2. DEDUCTIONS UNDER SECTION-24 6

3. CALUCULATION OF GAV & NAV

4. SELF OCCUPIED PROPERTY (SOP)

5. LET OUT PROPERTY (LOP)

6. DEEMED LET OUT PROPERTY (DLOP)

7. NEITHER SELF OCCUPIED PROPERTY OR LET OUT

PROPERTY OR UNOCCUPIED

8. PARTLY SELF OCCUPIED PROPERTY & PARTLY LET

OUT PROPERTY 9

9. CO-OWNERSHIP 6

10. COMPOSITE RENT

11. CALUCULATION OF PCPI&CURRENT YEAR INTEREST



5. INCOME FROM BUSINESS OR PROFESSION -1



05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-09

TO

M-11

N-

11

M-

12

1. CHARGING SECTION – 28 9

NO QUESTIONS GIVEN

2. METHOD OF ACCOUNTING 4

3. MODE OF INCOME COMPUTATION

4. EXPENSES RELATING TO BUILDING

5. EXPENSES RELATING TO P&M, FURNITURE

6. DEPRECIATION 2

7. COMPUTATION OF WDV OF THE

BLOCK OF ASSETS 1

8. ACTUAL COST – SEC-43(1)

9. ADDITIONAL DEPRECIATION ON

NEW P&M 8 1

10. PROVISION FOR UNABSORBED

DEPRECIATION 6

11. EXPENSES ON SCIENTIFIC RESEARCH

12. INHOUSE RESEARCH

13. CONTRIBUTIONS

14. UNABSORBED CAPITAL EXPENDITURE

15. ACQUISITION OF COPYRIGHT PATENT /

KNOW HOW

16. LICENSE FOR TELECOMMUNICATION

SERVICES

17. DEDUCTION OF CAPITAL EXPENDITURE 1 4

18. CONTRIBUTION TO RURAL

DEVELOPMENT PROGRAM 6

19. AMORTISATION OF PRELIMINARY

EXPENSE

20. EXPENSES IN CASE OF AMALGAMATION

/ DEMERGER

21. VRS COMPENSATION 2

22. OTHER DEDUCTIONS 4 1 4 2

23. RESIDUARY SECTION (SEC-37)

24. ADVERTISEMENT SEC – 37(2B)

25. DISALLOWANCES IN CASE OF ALL

ASSESSES 2 4 4

26. INCOME DIVIDEND RECEIVED BY

DEALER IN SHARES 2

27. SEC-35AC 4





M-05

TO

N-05

M-

06

N-

06

M-

07

N-

07

M-08

TO

M-10

N-

10

M-

11

N-

11

M-

12

1. CALCULATION OF AMOUNT OF

DEPRECIATION

NO PROBLEMS GIVEN

8

NO PROBLEMS GIVEN

8

2. DEDUCTION UNDER SECTION-35 6 7 4 8

3. DEDUCTION UNDER SECTION-35AD 8

4. INCOME CHARGEBLE TO AN

INDIVIDUAL 7

5. INCOME UNDER PGBP (IFOS,

DEDUCTIONS) 10

6. INCOME FROM BUSINESS OR PROFESSION -2



M-05

TO

N -05

M-

06

N-

06

M-

07

N-07

TO

N-09

M-

10

N-10

TO

M-11

N-

11

M-

12

1. ASSESSMENT OF FIRMS

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. INTEREST (PARTNERSHIP FIRM)

3. REMUNERATION TO PARTNERS

4. BEST JUDGEMENT ASSESSMENT SEC – 184

5. CHARGEABILITY OF INCOME-IN

PARTNER’S HANDS

6. UDREASONABLE EXPENDITURE SEC –

40A(2)

7. CASH PAYMENT >20000 SEC-40A(3) 2 4

8. PRAVISION OF GRATUITY – SEC.40A(7)

9. CONTRIBUTION TO URPF – SEC.40A(9)

10. DEEMED PROFITS SEC-41

11. REFUND OF EXPENDITURE – SEC.41(1)

12. SALE OF ASSETS USED FOR SCIENTIFIC

RESEARCH

13. BAD DEBTS SEC – 41(4)

14. SPECIAL RESERVE SEC – 41(4A)

15. SET OFF SEC – 41(5)

16. DEDUCTION BASED ON ACTUAL PAYMENT

17. MAINTENANCE OF BOOKS OF ACCOUNTS

18. TAX AUDIT

19. PRESUMPTIVE TAX SEC-44 AD 2



20. SEC-44AE – GOODS TRANSPORT BUSINESS

21. SEC – 44B – SHIPPING

22. SEC – 44BB – MINERALS

23. SEC – 44BBA – AIRCRAFT

24. SEC – 44BBB – FOREIGN COMPANY

25. SEC – 44A – TRADE, PROFESSIONAL /

SIMILAR ASSOCIATION

26. BUSINESS REORGANISATION SEC-44DB

27. SEC – 44DA 6



05

N-05

TO

N-06

M-

07

N-07

TO

N-10

M-

11

N-

11

M-

12

1. BOOKPROFIT&CALUCULATION OF

REMUNERATION

NO PROBLEMS

GIVEN

NO PROBLEMS

GIVEN

5

2. DEDUCTION UNDER SECTION -43B 2

3. INCOME UNDER SECTION -44BBA 8

4. INCOME UNDER SECTION -44AE 6 8

5. INCOME UNDER PRESUMPTIVE BASIS 2

6. TAX LIABILITY IN THE HANDS OF LLP 8

7. CAPITAL GAINS



05

N-

05

M-

06

N-

06

M-07

TO

M-08

N-

08

M-

09

N-

09

M-

10

N-

10

M-11

TO

M-12

1. CHARGING SECTION – 45(1)

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. LONG TERM CAPITAL ASSET

3. SHORT TERM CAPITAL ASSET

4. COST OF ACQUISITION

5. SEC-49(1) PREVIOUS OWNER

6. FAIR MARKET VALUE

7. COST OF ACQUISITION IN SPECIAL

CATEGORY ASSETS

8. FORFEITURE OF ADVANCE

9. COST OF IMPROVEMENT

10. INDEXED COA & COI

11. TAX ON LONG TERM CAPITAL GAINS

12. CAPITAL GAINS EXEMPT U/S – 10(33)

13.

SEC-10(37) COMPULSORY

ACQUISITION OF URBAN

AGRICULTURAL LAND

2



14. SCE-10(38) LTCG WHEN STT PAID

15. SEC-111A TAX ON STCG 1

16. PROVISO’S TO SEC-48 1

17. SEC – 45(1A)

18. SEC – 45(2)

19. SEC – 45(3) 1

20. SEC – 45(4) DISTRIBUTION ON

DISSOLUTION

21. SEC – 45(5) COMPULSORY

ACQUISITION

22. SEC – 46A BUY BACK

23. SEC – 50 CG IN CASE OF DEPRECIABLE

ASSETS

24. SEC – 50A SALE OF ASSETS BY POWER

SECTORS

25. SEC – 50B SLUMP SALE 6

26. SEC – 50C SPECIAL PROVISIONS IN

CONSIDERATION

27. SEC – 47 EXCEPTIONS TO TRANSFER

28. SEC – 55A VALUATION OFFICER 3

29. SEC – 54 SERIES 4 2

30. ZERO COUPON BONDS 4

31. TRANSFER SEC – 2(47) 1

32. REVERSE MORTGAGE 3

33. CALCULATION OF PERIOD OF HOLDING 4



TO

N-05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. CAPITAL ASSET SEC-2(14)

NO PROBLEMS GIVEN

2

2. LONG TERM CAPITAL GAIN

SEC-112 5

3. SEC-45(4)DISTRIBUTION OF

ASSETS(LIQUIDATION)

4. SEC-45(5)COMPULSORY

ACQUISITION 4

5. SEC-10(37)COMPULSORYACQ.OF

URBAN AGRI LAND 4

6. PROVISION FOR COMPUTATION

OF CONSIDERATION 6

7. SLUMPSALE,COMPUTATION

OF CAPITALGAINS 5

8. FORRFEITURE OF ADVANCE,CG 8

9. CAPITAL GAINS-IN CASE OF

REVERSE MORTGAGE 3

10. SEC-50C+ SEC-54 EC

(INVESTMENT IN BONDS) 8



11. SEC-50,51,54EC 10 6 8 8

12. EXEMPTION UNDER SECTION -

54GA 8

13. SEC-55A,COMPUTATION OF

CAPITALGAINS 9 4

8. INCOME FROM OTHER SOURCES


No. Chapter/Topic Name M-05 N-05 M-06

N-06

TO

M-12

1. CHARGING SECTION – 56(1) 6

NO QUESTIONS GIVEN

2. METHOD OF ACCOUNTING SEC-145

3. INCOME CHARGEABLE UNDER IFOS SEC-56(2) 1

4. MOVABLE & IMMOVABLE PROPERTY-TRANSFER

5. INCOME CHARGEABLE IF NOT U/S – 28

6. INCOME CHARGEABLE IF NOT U/S - 15

7. INCOME CHARGEABLE IF NOT UNDER OTHER HEADS

8. EXPENSES DEDUCITBLE UNDER IFOS 1

9. INADMISSABLE EXPENDITURE

10. TAXABILITY ON WINNINGS FROM LOTTERIES ETC.

11. INCOME SUBJECT TO TDS – GROSSING UP

12. TAXABILITY OF DIVIDEND 2

13. DEEMED INCOME

14. EXEMPTION OF INTEREST INCOME – SEC – 10(15)

15. EXEMPTION OF ALLOWANCES TO MP’S & MLA’S

16. DIVIDEND STRIPPING SEC – 94(7) 4



TO

M-09

N-

09

M-10

TO

N-10

M-

11

N-11

TO

M-12

1. SEC-56(2) (GIFTS)

NO

PROBLEMS

GIVEN

NO

QUESTIONS

GIVEN

4

NO

PROBLEMS

GIVEN

2. INCOME CHARGEABLE- IF NOT UNDER

OTHER HEADS

6

3. EXEMPTIONS

4. CALCULATION OF INCOME FROM OTHER

SOURCES



9. CLUBBING PROVISIONS



M-05

TO

M-06

N-06 M-07

N-07

TO

M-12

1. TRANSFER OF INCOME WITHOUT TRANSFER OF ASSET

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. REVOCABLE TRANSFER SEC – 63

3. EXCEPTIONS TO REVOCABLE TRANSFER SEC – 62

4. REMUNERATION TO SPOUSE – 64 (1) (ii)

5. GIFT TO SPOUSE – 64(1) (iv)

6. GIFT / TRANSFER TO SON’S WIFE – 64 (1) (vi)

7. GIFT TO PERSON BENEFIT TO SPOUSE 2

8. GIFT TO PERSON BENEFIT TO SON’S WIFE

9. INCOME OF MINOR CHILD SEC– 64(1A)

10. CONVERTION OF SELF OCCUPIED PROPERTY – SEC – 64(2) 4

11. LEVY & COLLECTION OF TAX SEC - 65



05

N-

05

M-06

TO

M-07

N-

07

M-

08

N-08

TO

N-11

M-

12

1. TRANSFER OF INCOME WITHOUT TRANSFER OF

ASSET

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2. REVOCABLE TRANSFER

3. EXCEPTIONS TO REVOCABLE TRANSFER

4. REMUNERATION TO SPOUSE SEC-64(1)(ii)

5. GIFT TO SPOUSE SEC-64(1)(iv)

6. GIFT TRANSFER TO SON’S WIFE SEC-64(1)(vi)

7. GIFT TO PERSON-BENEFIT TO SPOUSE-64(1)(vii)

8. GIFT TO PERSON-BENEFIT TO SON’S WIFE-64(1)(viii)

9. INCOME OF A MINOR CHILD-SEC-64(1A) 7 5 4

10. CONVERSION OF SELF OCCUPIED PROPERTY

64(2)

11. LEVY & COLLECTION OF TAX SEC-65

12. SEC-64(1)(ii),64(IA)-CALCULATION OF INCOME 8

13. SEC-60,64(IA),64(1)(ii), 64(1)(iv) 8



10. DEEMED INCOME



M-05

TO

N-08

M-09

N-09

TO

M-12

1. CASH CREDITS SEC – 68

NO QUESTIONS

GIVEN

NO QUESTIONS

GIVEN

2. UN EXPLAINED INVESTMENTS SEC – 69

3. UN EXPLAINED MONEY, JEWELLARY SEC – 69A

4. NOT FULLY DISCLOSED SEC – 69B 4

5. UN EXPLAINED EXPENDITURE SEC – 69C

6. AMOUNT BORROWED / REPAID BY HUNDI SEC-69D

11. SET OFF AND CARRY FORWARD OF LOSSES



05

N-

05

M-06

TO

N-06

M-

07

N-

07

M-08

TO

M-09

N-

09

M-10

TO

M-12

1. INTRAHEAD SET OFF SEC – 70

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. INTERHEAD SET OFF SEC – 71 1

3. C/F OF HOUSE PROPERTY LOSS SEC – 71B

4. LOSS UNDER PGBP SEC – 72

5. SPECULATION BUSINESS LOSS SEC – 73 4

6. S/O & C/F OF LOSSES BY SPECIFIED BUSINESS

7. LOSSES UNDER CAPITAL GAINS

8. LOSS FROM OWNING & MAINTAINING RACE

HORSES

9. RECONSTITUTION OF FIRMS & SUCCESSION

OF ANY PERSON 4 3

10. LOSSES INCURRED BY A PRIVATE COMPANY

11. LOSS RETURNS

12. AMALGMATION OF A FIRM INTO COMPANY 4

13. DEMERGER / GRADUATION OF A FIRM INTO

CO.

14. CONVERSION OF PRIVATE CO.TO LLP

15. AMALGAMATION OF BANKING COMPANY

16. BUSINESS REORGANISATION OF CO-

OPERATIVE BANKS





TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-11

TO

M-12

1. INTRAHEAD SET OFF

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2. INTERHEAD SET OFF

3. CARRY FORWARD OF HOUSE

PROPRTY LOSS

4. LOSS UNDER PGBP

5. SPECULATION BUSINESS LOSS

6

6

6. S/O & C/F OF LOSSES BY SPECIFIED

BUSINESS

7. LOSSES UNDER CAPITAL GAINS

8. LOSS FROM – OWNING &

MAINTAINING RACE HORSES

9. RECONSTITUTION OF FIRM-

SUCCESSION OF ANY PERSON 9

10. LOSSES INCURRED BY A PRIVATE

COMPANY

11. LOSS RETURNS

12. AMALGAMATION OF A FIRM INTO

COMPANY

13. DEMERGER OF A FIRM INTO

COMPANY

14. GRADUATION OF A FIRM INTO

COMPANY

15. CONVERSION OF PRIVATE CO. INTO

LLP

16. AMALGAMATION OF BANKING

COMPANY

17. BUSINESS REORGANISATION OF

COOPERATIVE BANKS

18. COMPREHENSIVE PROBLEMS 10 5 8



12. DEDUCTIONS UNDER CHAPTER -VI A



05

N-

05

M-

06

N-

06

M-07

TO

M-08

N-

08

M-09

TO

M-12

1. SEC-80A

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. SEC-80B

3. SEC-80AB

4. SEC-80C DEDUCTIONS FOR PAYMENTS 2 2 2

5. SEC-80CCC ANNUITY

6. SEC-80CCD-PENSION CONTRIBUTION

7. SEC-80CCF-INFRASTRUCTURE BONDS

8. SEC-80D MEDI CLAIM POLICY

9. SEC-80DD-MEDICAL TREATMENT OF

HANDICAPPED DEPENDENT

10. SEC-80DDB-MEDICAL TREATMENT FOR

SPECIFIED DIESEASES

11. SEC-80E-REPAYMENT OF LOAN FOR

HIGHER EDUCATION 2 1 6

12. SEC-80G-DEDUCTION IN CASE OF

DONATIONS

13. SEC-80GG-RENT PAID

14. SEC-80GGA-DONATIONS FOR SCIENTIFIC

RESEARCH

15. SEC-80GGB-CONTRIBUTION BY CO. TO

POLITICAL PARTY 4

16. SEC-80GGC-CONTRIBUTION BY ANY

PERSON TO POLITICAL PARTY

17. OFF SHORE BANKING UNITS SEC-80 LA

18. COLLECTING&PROCESSING

BIODEGRADABLE WASTES

19. EMPLOYMENT OF WORKMEN

20. INCOME OF CO-OPERATIVE SOCIETY

21. DEDUCTION FOR DEVELOPMENT OF SEZ

22. DEDUCTION FOR ROYALTY INCOME

23. DEDUCTION FOR ROYALTY ON PATENTS

24. DEDUCTION OF A PERSON WITH DISABILITY 2 4

25. SEC-80AC 2





05

N-

05

M-06

TO

M-07

N-

07

M-

08

N-

08

M-

09

N-09

TO

M-12

1. SEC-80A

NO PROBLEMS GIVEN

NO PROBLEMS GIVEN

2. SEC-80B

3. SEC-80AB

4. SEC-80C-DEDUCTION FOR PAYMENTS 7

5. SEC-80CCC-ANNUITY

6. SEC-80CCD-PENSION CONTRIBUTION 2

7. SEC-80CCF-INFRASTRUCTURE BONDS

8. SEC-80D-MEDI CLAIM POLICY 3

9. SEC-80DD-MEDICAL TREATMENT OF

DEPENDENT HANDICAPPED

10. SEC-80DDB-MEDICAL TREATMENT-SPECIFIED

DIESEASES

11. REPAYMENT OF LOAN-FOR HIGHER

EDUCATION

12. DEDUCTION IN RESPECT OF DONATIONS

13. RENT PAID SEC-80GG

14. DONATIONS FOR SCIENTIFIC RESEARCH, RURAL

DEVELOPMENT

15. CONTRIBUTION BY COMPANY TO POLITICAL

PARTY

16. CONTRIBUTION BY ANY PERSON TO POLITICAL

PARTY

17. OFF SHORE BANKING UNITS

18. COLLECTING & PROCESSING OF

BIODEGRADABLE WASTES

19. EMPLOYMENT OF NEW WORKMEN

20. INCOME OF COOPERATIVE SOCIETY 2

21. DEDUCTION FOR DEVELOPMENT OF SEZ

22. DEDUCTION FOR ROYALTY INCOME

23. DEDUCTION FOR ROYALTY ON PATENTS

24. DEDUCTION OF A PERSON WITH DISABILITY

25. SEC-80AC

13. RELIEF

Topic wise analysis of Past Exam papers of IPCC (Problems) No. Chapter/Topic Name M-05 TO N-08 M-09 N-09 TO M-12

1. SEC – 89(1) RELIEF NO PROBLEMS GIVEN 7 NO PROBLEMS GIVEN



14. PROBLEMS ON TOTAL INCOME



05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. SURCHARGE 2

2. UNDER WHICH HEADS

– IS INCOME TAXABLE 4

3. CALCULATION OF TAX

LIABILITY 6

4. ALL HEADS OF INCOME

TAX ON TOTAL INCOME 20 20 20 20 16 16 8 5 8

5.

SALARIES + OTHER

SOURCES +

DEDUCTIONS

15 15 20

6.

HOUES PROPERTY +

CAPITAL GAINS _ S/O &

C/F

16

7. CAPITAL GAINS +

OTHER SOURCES 6 6 9 8

8. HUF – TOTAL INCOME 20 8

9. PGBP + OTHER

SOURCES 7

15. RETURN OF INCOME



05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. VOLUNTARY RETURN 5 2 4

2. OBLIGATORY RETURNS

3. LOSS RETURN 2 1

4. BELATED RETURN 3

5. REVISED RETURN 1 1 1

6. DEFECTIVE RETURN 1

7. RETURN OF TRUSTS

8. RETURNS OF POLITICAL

PARTIES

9.

RETURNS BY

INSTITUTIONS /

ASSOCIATION

2

10. RETURN OF INCOME



11. FILLING OF BULK RETURN

BY SALARIED EMPLOYEES

12. FILLING TO COMPUTER

READABLE MEDIA

13. PAN 6 2 4

14. TAX RETURN PREPARER 4 4

15. POWER OF BOARD

DISPENSED WITH

DOCUMENT SEC-139C

16. RETURN IN E-FORM

SEC-139D

17. SELF ASSESSMENT TAX

18. RETURN TO BE SIGNED

BY WHOM 6 2 4 2

19. E-PAYMENT OF TAX

20. SEC-148 1

21. SEC-143(1) 4

22. SEC-143(2) 2

23. SEC-139(6) 4

16. ADVANCE TAX AND INTEREST



M-05

TO

M-07

N-07 M-08 N-08 M-09

N-09

TO

M-12

1. MANNER OF COMPUTATION

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. NON / LATE FILING OF RETURN 4

3. FOR DEFAULT IN PAYMENT OF TAX

4. FOR DEFERMENT OF ADVANCE TAX 4

5. SHORT PAYMENT OF ADVANCE TAX – (CG)

6. DUEDATES FOR PAYMENT OF TAX – COMPANIES 4 4

7. DUEDATES - INDIVIDUALS



17. TAX DEDUCTED AT SOURCE



M-05

TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. SALARY – TDS SEC-192

NO QUESTIONS GIVEN

2. INTEREST SECURITIES SEC-193 2

3. DIVIDEND SEC-194

4. INTERST OTHER THAN INT. ON

SECURITEIES 4

5. WINNINGS FROM LOTTERIES SEC-194B

6. WINNINGS FROM HORSE RACES

SEC-194BB

7. TDS ON CONTRACTS SEC-194C 2

8. TDS ON INSURANCE COMMISSION

SEC-194D

9. TDS ON INCOME IN GAMES IN

INDIA FOR PARTICIPATIONS

10. TDS ON SUM IN NSS ACCOUNT SEC-

194EE

11. AMOUNT RECEIVED ON

REPURCHASE OF UNITS

12. COMMISSION/PRICE > 2500 SEC-

194G

13. COMMISSION/PRICE > 25000 SEC-

194H

14. RENT-TDS SEC-194 I 4

15. FEES FOR TECHNICAL SEVICES SEC-194 J

16. ACQUISITION OF IMMOVABLE

PROPERTY 194LA

17. INTERST/SUM OTHER THAN

SALARIES SEC-195

18. GOVT/RBI/CORPORATIONS SEC-196

19. NATURE OF TDS & YEAR OF CREDIT

20. CREDIT FOR TAX DEDUCTED SEC-199

21. CERTIFICATE FOR LOWER RATE / NO

TDS 4

22. ISSUE OF CERTIFICATE OF TDS TO

RECEIPIENTS

23. RESPONSIBILITIES ATTACHED TO TDS 4 3 4

24. TCS



Chapter wise analysis of Past Exam papers of IPCC in the subject of SERVICE TAX


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. INTRODUCTION TO

SERVICE TAX 5 2 7 2 5 2 2 4 4

2. TAXABLE SERVICES 6 10 10 15 14 5 15

3. VALUATION 11 3 6 2 6 2 4 2 4.5

4. EXPORTS & IMPORTS

OF SERVICES 3

5.

GENERAL EXEMPTIONS

FROM SERVICE TAX &

SSP

2 4 5 4 0.5

6. GENERAL PROCEDURES 10 12 2 8 4 8 5 8 10 16 8.5

7. ASSESSMENT 6 2 3 2 3 5 4


1. INTRODUCTION TO SERVICE TAX


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1.

NEED FOR

INTRODUCTION OF

SERVICE TAX

2. EVALUATION OF SERVICE

TAX

3. CONSTITUTIONAL BACK

GROUND

4. ADMINISTRATION OF

SERVICE TAX LAW 4

5. APPLICABILITY OF

GEOGRAPTICAL AREA 3 2 2 4

6. FEATURES OF SERVICE

TAX

7. THE INCIDENCE FOR LEVY

AND COLLECTION OF S.T 2

8. EXCEPTIONS TO THE

GENERAL RULE (POT)

9. CLASSIFICATION OF

SERVICES

10. STATUTES GOVERNING

SERVICE TAX 3

11. SEZ

12. S.T NOT RECEIVED FROM

CLIENT, SHOULD IT BE PAID

2 2 2 2

13. NATURE OF SERVICE TAX 2

14. CHARGE OF SERVICE TAX 3



2. TAXABLE SERVICES


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. CARGO HANDILING

SERVICES 4

2. COACHING & TRAINING

INSTITUTIONS 2 2 4 5 5 0.5

3. RECRUITMENT &

SUPPLY OF LABOURS 5

4. HOTEL SERVICES 4

5. INFORMATION

TECHNOLOGY SERVICES 5 5

6. LEGAL CONSULTANCY

SERVICES 8

7. TOURS & PACKAGES 8

8. CONSULTING ENGINEER

SERVICES 3 0.5

9. RENTING OF HOUSE

PROPERTY 3

10. MANDAP KEEPER

SERVICES 4.5

11.

SCIENTIFIC &

TECHNICAL

CONSULTANCY

SERVICES

0.5

12. CHARTERD

ACCOUNTANT SERVICES 4

13. APPEARANCE BEFORE

COURT OF LAW 2

3. VALUATION


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. VALUATION OF TAXABLE

SERVICES 2 0.5

2.

VALUE OF MATERIAL

SOLD-ALLOWED AS

DEDUCTION

3.

VALUE OF TAXABLE

SERVICE-CONSIDERATION

NOT IN CASH

4.

CONSIDERATION IN

DETERMINATION OF

VALUE

2 3

5. SERVICE SPECIFIC

INCLUSIONS 3 2 4



6. SERVICE SPECIFIC

EXCLUSIONS

7. SERVICE TAX RULES, 2006

8.

CONDITIONS INCIDENTAL

TO PAYMENT OF SERVICE

TAX

9. CALCULATION OF S.T

LIABILITY 6 3 6 3 4

10. SERVICE TAX TO BE PAID

AFTER DEDUCTING

INOCME TAX?

2

4. EXPORTS & IMPORTS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. EXPORT OF SERVICES 3

2. IMPORT OF SERVICES

3. REBATE IN RESPECT OF

SERVICE TAX PAID

5. GENERAL EXEMPTION FROM SERVICE TAX & SSP


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. CONDITIONS - FOR SSP 4 0.5

2.

EXEMPTIONS RELATED

TO SERVICES BY PUBLIC

AUTHORITIES

2

3. ALTERNATE RATE OF

TAXES

4. GENERAL EXEMPTIONS

TO ALL SERVICES 2 3 4

6. GENERAL PROCEDURES


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1.

PROCEDURE FOR

REGISTRATION OF

SERVICE TAX

4

2. SERVICE TAX CODE

NUMBER 4

3. LIABLE FOR

REGISTRATION 2 3

4. DOCUMENTS REQUIRED

FOR REGISTRATION

5. MULTIPLE

REGISTRATIONS 3 2



6.

PROCEDURE FOR

CHANGES IN EXISTING

CERTIFICATIONS

7. PROCEDURE FOR

SURRENDER – ROC

8. DUEDATES FOR PAYMENT

OF SERVICE TAX 3 3 3 0.5

9.

LIABILITY OF SRVICE

PROVIDER – EXCESS

COLLECTION OF TAX

10. PROVISIONAL

ATTACHMENT OF

PROPERTY

11. PROVISIONS-EXCESS PAID

BY ASSESSEE 3 2 4 2

12. E-PAYMENT OF SERVICE

TAX 2 8

13. ADVANCE PAYMENT OF

SERVICE TAX 4

14. E-FILING OF RETURNS 2 4

15. DEFINITIONS

16. TIME LIMIT FOR ISSUE OF

AN INVOICE

17. DOCUMENTS REQUIRED

ALONG WITH RETURNS 2 3 3

18. PROCEDURE FOR FILING

SERVICE TAX TETURNS 2 4 4

19. PENAL PROVISIONS –

DELAYED STR 2 3

20. SERVICE TAX TETURN

PREPARES SCHEME

21. DUEDATES FOR FILING

STR 2 4

22. PERSONS LIABLE TO FILE

STR 2

23. MAINTAINANCE OF

BOOKS BY ASSESSEE 2

7. ASSESSMENT


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. SELF ASSESSMENT

2.

CONDITIONS FOR

PROVISIONAL

ASSESSEMENT

2 4

3. PROVISIONS AS TO

SHOW CAUSE NOTICE



4. DEPOSIT OF EXCESS

DUTY

5.

INTEREST ON

AMOUNTS IN EXCESS

OF DUTY

6. PAYMENT OF INTEREST

ON DUTY DEMANDED

7. PENALTY FOR FAILURE

TO PAY TAX

8. LEVY OF PENALTY FOR

SUPPRESSION

Chapter wise analysis of Past Exam papers of IPCC in the subject of VAT


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. VAT INTRODUCTION

4 10 10 2 5 5 7 4 8 16 9.5

2.

CONCEPTS OF INPUT

TAX CREDIT UNDER

VAT

3 6 3 11 14 19 9 5 15

3.

SMALL DEALERS &

COMPOSITION

SCHEME

2 8 4

4. VAT PROCEDURE 3 9 2 2 4 4 4.5

5. VAT IN SPECIAL

TRANSACTIONS


1. VAT INTRODUCTION


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. VAT-PURPOSE & BASIS

2. OPERATIONS OF VAT

3. DIFFERENT STAGES OF

VAT 3 3 2

4. OBJECTIVES FOR

INTRODUCING VAT 4

5. FEATURES OF VAT 4 0.5

6. DEFINITIONS

7. VARIANTS OF VAT 3 2 2 4 4 4 6

8. METHODS FOR

COMPUTATION OF VAT 2 3 3 2 4

9. ADVANTAGES OF VAT 2 4 3 2 2 5 1

10. LIMITATIONS OF VAT 2 4



2. CONCEPTS OF INPUT TAX CREDIT UNDER VAT


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. INPUT TAX AND OUTPUT

TAX

2. INPUT TAX CREDIT 4 1.5

3.

ELIGIBLE & NON

ELIGIBLE PURCHASES

FOR INPUT CREDIT

6 3 3 4

4. INPUT TAX CREDTI ON

CAPITAL GOODS

5. VAT INVOICE & ITS

CONTENTS 3 2 4 0.5

6.

CALCULATION OF

INVOICE VALUE AND

VAT

3 4

7. CALCULATION OF VAT

PAYABLE 3 5 5 5 8

8.

CALCULATION OF INPUT

TAX CREDTI, VAT AT ALL

STAGES

8 8

9.

CALCULATION OF

ELIGIBLE PURCHASES,

INPUT CREDIT, VAT

5

3. SHALL DEALERS & COMPOSION SCHEME


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. COMPOSITION SCHEME 2 4 4

2.

RECORDS TO BE

MAINTAINED BY

REGISTERED DEALER

4

4. VAT PROCEDURES


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. REGISTRATION (LIABLE) 2 0.5

2. APPLICATION FOR

REGISTRATION

3. CANCELLATION OF

REGISTRATION 2

4. TIN & USES OF TIN

5. RETURN FILING

PROCEDURE 3

6. DEMAND ASSESSMENT 4 4

7. CROSS CHECKING 2



8. NEED FOR AUDIT OF TAX

PAID

9. TAX RATES UNDER VAT 4

10. AUDITOR’S ROLE TO

ENSURE TAX PAYERS

DISCHARGE TAX

3

11. CA’S ROLE IN HANDLING

OF VAT AUDIT 4

5. VAT IN SPECIAL TRANSACTION


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. VAT & WORKS

CONTRACT

2. VAT & LEASE

TRANSACTIONS

3. VAT & HIRE PURCHASE

TRANSACTIONS

THE END

IPCC Chapter / Topic wise Analysis of Past Exam Papers in Accounts-2___________95







1. UNDERWRITING

No. Chapter / Topic

Name

M-

05

N-

05

M-06

TO

M-07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-11

TO

M-12

1. Calculation of

Underwriters liability

16

NO QUESTIONS GIVEN

4 2 4 5

NO QUESTIONS GIVEN 2. Journal Entries to

Underwriting

3. Calculation of

amounts to

Underwriters

4. Calculation of

Commission payable 2

5. Firm Underwriting 2

6. Partial Underwriting

2. AMALGAMATION_II


05

N-

05

M-06

TO

N-07

M-

08

N-08

TO

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Purchase Method + Payments

Method 16 20

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

16

2. Merger Method + Intrinsic

Value Method 16 16

3. Merger Method + Payments

Method 16

4. Preparation of Balance Sheet

without Liquidating the company 16

3. INTERNAL RECONSTRUCTION_II

No. Chapter/Topic Name M-05 TO N-09 M-

10

N-

10

M-

11 N-11 TO M-12

1. Journal Entries, Reconstruction A/c

and Balance sheet

NO QUESTIONS

GIVEN 16 16 16

NO QUESTIONS

GIVEN



4. ISSUE & REDEMPTION OF DEBENTURES


M-05

TO

M-07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Journal Entries for Purchases and

Cancellation

NO QUESTIONS GIVEN

4 5 5

2. Calculation of cost of acquisition 2

3. Calculation of No. of shares

allotted 2 4

4. Balance Sheet after Redemption

of debentures 16

5. Conversion of debentures into

equity (Theory Question) 2

6. Ledger Accounts 8

5. LIQUIDATION OF COMPANIES


M-05

TO

M-08

N-08 M-09 N-09 M-10 N-10 M-11 N-11 M-12

1. Liquidator’s Final Statement 8 8 8

2. Calculation of amount

of preference creditors 4

3. Calculation of amount of

contributories 8

4. Note on ‘B’ list contributors 4

6. ACCOUNTING FOR EMPLOYEE SHARE BASED PAYMENTS

No. Chapter/Topic Name M-05 TO M-09 N-09 M-10 N-10 M-11 N-11 M-12

1. Journal Entries NO QUESTIONS

GIVEN 2 4 4 4 4

7. ACCOUNTING FOR BUY BACK OF SHARES

No. Chapter/Topic Name M-05 TO N-11 M-12

1. Journal Entries in Balance Sheet NO QUESTIONS

GIVEN 8



8. PARTNERSHIP ACCOUNTS-II


M-05

TO

N-05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Dissolution of the firm

NO QUESTIONS GIVEN

6 16 16

2. Amalgamation / Sale /

Conversion of firms 16 16 20 8 8 16 16

3. Insolvency of Partners

(Theory) 2

4. Piece meal payments

and its types 2

5. Gurner Vs Murray rule 4

6. Relative Surplus

Capital Method 16

9. INSURANCE COMPANY ACCOUNTS


M-

05

TO

N-05

M-

06

N-

06

M-

07

TO

N-07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Revenue Account – LIC

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. Revenue Account – GIC 4 8 8 8

3. Valuation Balance Sheet 8 4

4. Journal Entries (Reserve) 8

5. Calculation of Premium

and Claims amount 2 8

6. Reserve for unexpired

Risks (Theory) 2

7. Calculation of Profit 2



10. BANK ACCOUNTS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Profits and Loss Account 16 8 8 16

2. Balance Sheet

3. Calculation of Provisions

for doubtful debts 2 6 5 5

4. Bills for collection

account 4 8

5. Entries – Rebate on bills

discounted 8 8 8

6. Value of Risk –

Adjusted asset 2

7. Schedules 4

8. Tier – I and II Capitals 8 8

9. Cash credit – when is out

of order? 2

11. ELECTRICITY COMPANIES


M-05

TO

N-08

M-

09 N-09

M-

10 N-10

M-

11 N-11

M-

12

1. Amount to be capitalized and to

Revenue Account

NO QUESTIONS

GIVEN

8

4 8 8

2. Prepare Plant A/c and

Replacement A/c

3. Calculation of Reasonable Return 16



12. DEPARTMENTAL ACCOUNTS


M-05

TO

M-09

N-09 M-10 N-10 M-11 N-11 M-12

1. Calculation of Stock Reserve

NO

QUESTION

S GIVEN 2

2. Calculation of Departmental Profits 8

3. Departmental Trading Account 5 8

4. Memorandum Stock Account

13. BRANCH ACCOUNTS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. Trading, Profit and Loss

Method, Balance Sheet 16 8

2. Stocks Debtors /

Analytical Method 16

8

3. Dependent Branches

4. Debtors / Synthetic

Method 8

5. Foreign Branches 16 2 16

6. Independent Branches

7. Calculation of Branch

Profit 4

8. Entries (GIT & CIT)

(Rectifications) 2 2 5

9.

Goods involved

before sending to

Branch (Theory)

4

THE END

IPCC Chapter / Topic wise Analysis of Past Exam Papers in Auditing_____________102





1. INTRODUCTION TO AUDITING


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. AUDITING VS.

ACCOUNTING

2. OBJECTIVES OF AN

AUDIT

3. GENERAL PURPOSE OF

FINANCIAL STATEMENTS 4

4. FRAUD & ERROR

5. TYPES OF ERRORS IN

ACCOUNTS 2

6.

CONDITIONS THAT

INCREASE FRAUD &

ERROR

7. STATUTORY AUDIT VS.

NON STATUTORY AUDIT

8. ASPECTS TO BE

COVERED IN AUDIT

9. INDEPENDENCE OF AN

AUDITOR 2 2

10. QUALITIES OF AN IDEAL

AUDITOR 2

11. BASIC PRINCIPLES

GOVERNING AUDIT 10 5 10 8

12. LETTER OF

ENGAGEMENT 5 8 5 4

13. AUDIT VS.

INVESTIGATION

14. ADVANTAGES OF

INDEPENDENT AUDIT 8

15. SURPRISE CHECK 4 4

16. TYPES OF AUDITS

REQUIRED UNDER LAW 5



2. CONCEPTS OF AUDITING


05

N-

05

M-06

TO

N-06

M-

07

N-

07

M-08

TO

N-08

M-

09

N-

09

M-10

TO

N-10

M-

11

N-

11

M-

12

1. AUDITING TECHNIQUES

NO QUESTIONS GIVEN

5 2

NO QUESTIONS GIVEN

2

NO QUESTIONS GIVEN

4

2. PRINCIPLES VS.

TECHNIQUES OF AUDITING

3. FINAL AUDIT

4. CONTINUOUS AUDIT

5.

FUNDAMENTAL

ACCOUNTING

ASSUMPTIONS

6. GOING CONCERN CONCEPT 4

7. ACCRUAL CONCEPT

8. AUDITING IN DEPTH 5 2

9. ANALYTICAL REVIEW TEST

10. RELIANCE ON ANALYTICAL

PROCEDURES

11. INHERENT LIMITATIONS OF

AUDIT 8 8

12. MATERIALITY

13. TRUE & FAIR VIEW 8

14. CONSIDERATIONS

GOVERNING SELECTION OF

ACCOUNTING POLICIES

15. DISCLOSURE OF

ACCOUNTING POLICIES

16. CHANGES IN ACCOUNTING

POLICIES 8

17. AREAS WHERE

ACCOUNTING POLICIES ARE

ENCOUNTERED

5 6



3. AUDIT EVIDENCE


05

N-

05

M-06

TO

N-06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. AUDIT EVIDENCE

NO QUESTIONS GIVEN

2.

SUFFICIENT &

APPROPRIATE AUDIT

EVIDENCE

6

3. TYPES OF AUDIT

EVIDENCE

4. INTERNAL & EXTERNAL

EVIDENCE 2 4 2

5. RELIABILITY STANDARDS

OF AUDIT EVIDENCE 5 4

6. AUDIT PROCEDURES &

AUDIT TECHNIQUES 2

7. METHODS TO OBTAIN

AUDIT EVIDENCE 8

8. DUTIES OF AUDITOR ON

AUDIT EVIDENCE

9. AUDIT RISK & ITS

ASSESSMENT 2 2 2 2 2

10. AUDIT PROCEDURES TO

OBTAIN AUDIT EVIDENCE 8 10 5

11. INHERENT RISK AT

FINANCIAL STATEMENTS 5

12. THIRD PARTY

CONFIRMATIONS 2

4. AUDIT PREPARATION


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. AUDIT PROGRAMME 5 4 4

2. INSTRUCTIONS TO

CLIENT BEFORE START OF

AUDIT

4

3. AUDIT NOTE BOOK 5

4. WORKING PAPERS 4 6 2 2 5 4 4

5. CHARACTERSTICS OF

WORKING PAPERS

6. TEST CHECK 2

7. PRECAUTIONS TO BE

TAKEN BEFORE CHECK

TEST

6



8. TRANSACTIONS NOT

SUITABLE FOR TEST

CHECKING

9. ADVANTAGES OF TEST

CHECK

10. LIMITATIONS OF TEST

CHECK

11. ELEMENTS OF SAMPLING 5 4 4 4

5. CAPITAL & REVENUE EXP., DEP. & RESERVES


05

N-05

TO

N-06

M-

07

N-

07

M-

08

N-

08

M-09

TO

N-09

M-

10

N-

10

M-

11

N-

11

M-

12

1. CAPITAL EXPENDITURE

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

2. REVENUE EXPENDITURE 4

3. CAPITAL & REVENUE

EXPENDITURE

4. DEFERRED REVENUE

EXPENDITURE

5. MEANING AND PURPOSE OF

DEPRECIATION

6. ICAI RECONMMENDATIONS

REGARDING DEPRECIATION

7. CHANGE THE METHOD OF

DEPRECIATION

8. PREOVISIONS RELATING TO

DEPRECIATION 2 8

9. DEPRECIATION VS.

FLUCTUATION

10. IMPAIRMENT OF ASSETS 5

11. TYPES OF RESERVES 4 8

12. SECRET RESERVES 2

13. WINDOW DRESSING

14. SPECIFIC RESERVE

15. GENERAL VS. SPECIFIC

RESERVE

16. CAPITAL RESERVE VS. RESERVE

CAPITAL

17. RESERVES & PROVISIONS 5 5

18. DIVIDENDS OUT OF PROFIT

&TRANSFER OF RESERVES

19. DIVIDEND EQUALISATION

RESERVE



6. COMPANY AUDITOR


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. APPOINTMENT OF

AUDITOR 5 4 2 4 2 2 9

2. APPOINTMENT OF

AUDITOR BY PASSING 2 2 6

3.

APPOINTMENT OF

AUDITOR OF

GOVERNMENT COMPANY

4. DURATION OF AUDITOR’S

OFFICE 3

5.

QUALIFICATIONS &

DISQUALIFICATIONS OF

AUDITOR

14 2 6 10

6. REAPPOINTMENT OF

RETIRING AUDITOR. 5 5

7. AUDITORS

REMUNERATION

8. RIGHTS / POWERS OF

AUDITOR 5 2 2

9.

CAN A COMPANY

RESTRICT RIGHTS OF

AUDITOR

10. DUTIES OF AUDITOR 5 2

11. FILLING UP OF CASUAL

VACANCES 4 2

12.

DUTIES OF AN AUDITOR

IN WHICH HIS RELATIVES

HAVE SUBSTANTIAL

INTEREST

2

13. APPOINTMENT OF

AUDITOR IN PLACE OF

RETIRING AUDITOR

6

14. REMOVAL OF AUDITOR

BEFORE EXPIRY OF OFFICE 4 6 5

15. TYPES OF AUDIT REPORTS

16. QUALIFIED REPORT 5 14 8 5

17. ADVERSE REPORT 2 4

18. CLEAN REPORT

19. AUDIT REPORT & AUDIT

CERTIFICATE

20. PROVISIONS RELATING TO

SIGNING AUDIT REPORT

21. AUDITOR’S LIEN 8 2



22. CEILING PRESURIBED ON

NUMBER OF AUDITS 4 2

23.

RESPONSIBILITY OF THE

AUDITOR FOR NON

DETECTION OF FRAUD &

ERROR

24. BASIC ELEMENTS OF

AUDITOR’S REPORT 8 8 7

25. DESCLAIMER OF OPENION 2 2 2 2 4

26. DIRECOTORS

RESPONCIBILITY

STATEMENTS

5

27. SECTION 209 OF

COMPANIES ACT 4 4

28. RELATED PARTY

DISCLOSURE 6

29. SUPERVISION OF AUDIT

WORK 5

30.

MATTERS WHICH ONLY

SHAREHOLDERS

SANCTION AT GENERAL

MEETING

4

7. Miscellaneous Matters in CoMPANY Audit


05

N-

05

M-

06

N-06

TO

M- 07

N-

07

M-

08

N-08

TO

N -10

M-

11

N-

11

M-

12

1. PROVISIONS RELATING TO BRANCH AUDIT

NO QUESTIONS GIVEN

2 2

NO QUESTIONS GIVEN

2. PAYMENT OF INTEREST OUT OF CAPITAL 5 5

3. SPECIAL AUDIT 3

4. JOINT AUDIT 4 2 2 8 5

5. COST AUDIT 4

6. COST VS. FINANCIAL AUDIT

7. SPECIAL VS. COST AUDIT

8. INDUSTRIES COVERED BY COST AUDIT

RULES

9. PROVISIONS IN THE MATTER OF BOOKS

OF ACCOUNTS

10. INSPECTION OF BOOKS OF ACCOUNTS

11. FORM & CONTENTS OF BALANCE SHEET &

PROFIT & LOSS A/C

12. PROVISIONS RELATING TO BOARD’S

REPORT



13. STATUTORY REPORT 4

14. MOA, AOA, PROSPECTUS, CONTRACTS

15. EVENTS OCCURING AFTER BALANCE

SHEET DATE

16. PRIOR PERIOD ITEMS, EXTRA ORDINARY

ITEMS ETC.

8. SPECIAL AUDIT


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. AUDIT OF ACCOUNTS OF

SOLE PROPRIETOR 8

2. AUDIT OF PARTNERSHIP

FIRM’S BOOKS 5

3.

DUTIES & RESPONSIBILITIES

IN AUDIT OF SMALL

COMPANIES

4

4. AUDIT OF EDUCATIONAL

INSTITUTIONS 6 8

5. AUDIT OF CLUB 8 8

6. AUDIT OF CINEMA THEATRE 10 8

7. AUDIT OF HOSPITAL 6 8

8. AUDIT OF HOTELS 10 6 5

9. AUDIT OF CHARITABLE

INSTITUTION

10. AUDIT OF HIRE PURCHASE

TRANSACTIONS

11. PROCEDURAL ASPECTS –

LEASING TRANSACTIONS

12. AUDIT OF LEASING

COMPANY

13. AUDIT OF INCOMPLETE

RECORDS

14. LOCAL BODIES & THEIR

AUDIT 5

15. FEATURES OF FINANCIAL

ADMIN.OF LOCAL BODIES

16. AUDIT OF NGO’S & THEIR

INCOME 12 5 4

17. AUDIT OF LIMITED

COMPANY 8

18. AUDIT OF AMUSEMENT

PARK 4



9. GOVERNMENT AUDIT


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-08

TO

M-09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. GOVERNMENT AUDITING

NO QUESTIONS GIVEN

2

2. AUDIT OF GOVERNMENT

EXPENDITURE 8 8 6 5 4 8

3. BASIC STANDARDS

4. AUDIT OF RECEIPTS

5. POWERS & DUTIES OF C & AG 8 5 5 7

6. AUDIT OF STORES & STOCKS

7. AUDIT OF COMMERCIAL

ACCOUNTS

8. INDEPENDENCE OF C & AG

OF INDIA

9. STATUTORY VS. PROPRIETY

AUDIT

10. EDP AUDIT


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1.

AUDITING IN

COMPUTERISED

ENVIRONMENT

8 5 6

2. DESIGN & CHARACTERISTICS

OF FDP SYSTEMS 4

3. NATURE OF PROCESSING

IN EDP ENVIRONMENT

4. ADVANTAGES OF CAAT 10 6 8

5.

COMPUTERISED A/C

VS.CONVENTIONAL

SYSTEM

6.

SCOPE & OBJECTIVE OF

AUDIT DOES NOT

CHANGE IN EDP

2

7. CONTROLS IN EDP

ENVIRONMENT

8. INTERNAL CONTROLS

MAY BE REVIEWED IN EDP

9. RELIABILITY OF INTERNAL

CONTRO IN CLS 6 5

10. AUDIT TRAIL IN EDP



11.

PROBLEMS IN SHIFTING

FROM MANUAL TO

COMPUTERISED

ACCOUNTING

8

12. INSTALLATION OF

COMPUTERISED

OPERATING SYSTEM

13. AUDIT IN EDP IS EASY AS

TRIAL BALANCE TALLIES 5

11. AUDIT OF SHARE CAPITAL


M-

05

TO

N-05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. AUDIT OF ISSUE OF SHARE

CAPITAL

NO QUESTIONS GIVEN

5

2. VERIFICATION OF SHARES

ISSUED FOR CASH

3.

VERIFICATION OF SHARES

ISSUED FOR OTHER THAN

CASH


ISSUED AT PREMIUM


ISSUED AT DISCOUNT 5 2

6. VERIFICATION OF SWEAT

EQUITY SHARES

7. AUDIT OF BUY BACK OF

SHARES

8. VERIFICATION OF CALLS

PAID IN ADVANCE

9. VERIFICATION OF CALLS IN

ARREARS

10. VERIFICATION OF OPTION

ON SHARE CAPITAL

11. VERIFICATION OF

ALTERATION OF SHARE

CAPITAL

12. VERIFICATION OF

REDUCTION OF SHARES 5 8

13. VERIFICATION OF REISSUE

OF FOR FEITED SHARES 4 2 2

14. VERIFICATION OF BONUS



SHARES

15. SHARE TRANSFER AUDIT

16. POWERS OF COMPANY TO

PURCHASE ITS OWN

SHARES

5 8

12. AUDIT OF DEBENTURES & DIVIDENDS


TO

M-09

N-09

M-10

TO

N-10

M-11 N-11 M-12

1. VERIFICATION OF ALLOTMENT OF DEBENTURES

NO QUESTIONS GIVEN

NO QUESTIONS GIVEN

8

2. ISSUE OF DEBENTURES AT

PAR/PREMIUM/DISCOUNT

3. PREMIUM PAID FOR REDEMPTION OF DEBENTURES

4. VOUCHING OF INTEREST ON DEBENTURES

5. REISSUE OF REDEEMED DEBENTURES 4

6. DEBENTURES AS COLLATERAL SECURITY

7. AUDIT OF DIVIDEND

8. PROVISIONS – DECLARATION OF INTERIM

DIVIDEND 2

13. AUDIT OF CASH TRANSACTIONS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-10

TO

M-

11

N-

11

M-

12

1. VOUCHING & ITS

OBJECTIVES 4

NO QUESTIONS GIVEN

2. ASPECTS TO BE LOOKED IN

EXAMINING A VOUCHER

3. VOUCHING IS AN ESSENCE

OF AUDIT

4. VOUCHING VS.

VERIFICATION

5. VOUCHING OF PAYMENT

OF INCOME TAX 5

6. VOUCHING OF SALES TAX

7. VOUCHING OF TRAVELLING

EXPENSES 4

8. VOUCHING OF REPAIRS TO

ASSETS

9. VOUCHING OF R & D



EXPENDITURE

10. VOUCHING OF

ADVERTISEMENT EXPENSES 4 5

11. VOUCHING OF SELLING

AGENT’S COMMISSION 4

12. VOUCHING OF

REMUNERATION TO

DIRECTORS

13. VOUCHING OF DIRECTORS

SITTING FEES

14. VOUCHING OF INSURANCE

PREMIUM 4

15. VOUCHING OF EXCISE DUTY

16. VOUCHING OF CUSTOMS

DUTY 5

17. VOUCHING OF CLEARING

CHARGES

18. VOUCHING OF WAGES TO

SEASONAL LABOUR 4 6

19. VOUCH / VERIFY LOSS OF

STOCK BY THEFT

20. VERIFICATION OF CASH

SALES 5

21. VOUCHING OF COLLECTION

FROM DEBTORS

22.

VOUCHING OF EXPENSE

INCURRED FOR

PROMOTION OF A

PRODUCT

23. VOUCHING OF BALANCES

WITH EXCISE AUTHORITY

24. VOUCHING OF

PRODUCTION INCENTIVE

PAID TO WORKERS

5

25. VOUCHING OF BAD DEBT 5

26. VOUCHING OF RENTAL

RECEIPTS 5

27. VOUCHING OF ROYALTY

RECEIVED

28. VOUCHING OF INTEREST

RECEIVED ON LOANS

29. VOUCHING OF INSURANCE 5



CLAIMS RECEIVED

30. VOUCHING OF INSURANCE

PREMIUM PAID

31. VOUCHING OF SALE OF SCARP 5

32. VOUCHING OF SALE

PROCEEDS OF JUNK

MATERIAL

33. REFUND OF INCOME TAX

34. VOUCHING OF SALE OF

INVESTMENTS 4

35. VOUCHING OF SALE OF ASSETS

36. VOUCHING OF RECOVERY

OF BAD DEBTS 5

37.

VOUCHING OF GRANT

RECEIVED FOR

REIMBURSEMENT OF

REVENUE EXPENDITURE

38. VOUCHING OF RECEIPT OF

CAPITAL SUBSIDY 5

39. VOUCHING OF SPECIAL

BACKWARD AREA SUBSIDY

FROM GOVERNMENT

40. SIGNIFICANCE OF BRS

41. VOUCHING OF RETIREMENT

GRATUITY 5 6

14. AUDIT OF TRADING TRANSACTIONS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-08

TO

M-09

N-

09

M-

10

N-

10

M-

11

N-11

TO

M-12

1. FACTORS THAT DETERMINE

GROSS PROFIT 12 2

NO QUESTIONS GIVEN

10 8

NO QUESTIONS GIVEN

2. PROCEDURE FOR AUDIT OF

CERDIT PURCHASES 4

3. PROCEDURE FOR AUDIT OF

CERDIT SALES 4 4

4. AUDIT OF EMPTIES &

GUNNIES

5. AUDIT OF CONSIGNMENT

SALE 4

6. AUDIT OF GOODS SENT OUT 5



ON SALE OR RETURN BASIS

7. VOUCHING OF ADVANCES TO

SUPPLIERS 5 5

8. MEANING OF THE TERM “CUT

OFF PROCEDURE” 2 4 5 4

9. SCRUTINY OF GENERAL

LEDGER 4

10. AUDIT OF BOUGHT LEDGER

HAVING DEBIT BALANCE 4

11. EXAMPLES OF FRAUD DONE

IN BOUGHT & SALES LEDGER 8

15. VERIFICATION & VALUATION OF ASSETS


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. VERIFICATION OF

PLANT & MACHINERY

2. VERIFICATION OF

FURNITURE &

FIXTURES

3. VERIFICATION OF

MOTOR VEHICLES

4

4. VERIFICATION OF

BUILDINGS

4

5. VERIFICATION OF

LEASE HOLD PROPERTY

5 4

6. VERIFICATION OF

LOOSE TOOLS

7. VERIFICATION OF

FIXED ASSETS ABROAD

8. VERIFICATION OF

SHIPS

9. VERIFICATION OF

RAILWAY SIDINGS

10. VERIFICATION OF LIVE

STOCK

11.

VERIFICATION OF

LOANS GIVEN AGAINST

THE SECURITY OF

LAND

4

12. VERIFICATION OF



LOANS AGAINST THE

SECURITY OF GOODS

13. VERIFICATION OF

ASSETS - HIRE

PURCHASE

5

14. VERIFICATION OF

INVESTMENTS

4 4 2 2

15. VERIFICATION OF

CASH IN HAND

4

16. VERIFICATION OF

CASH AT BANK

5

17.

VERIFICATION OF

INVESTMENT IN

SHARES &

DEBEBTURES OF

SUBSIDIARY

18. INVESTMENT IN

CAPITAL OF A

PARTNERSHIP FIRM

19. VERIFICATION OF

CASH IN TRANSIT

20. VERIFICATION OF BILLS

RECEIVABLE

21.

VERIFICATION OF

DISCOUNTED BILLS

RECEIVABLE

DISHONOURED

4

22. VERIFICATION OF

PREPAID EXPENSES

23.

VERIFICATION OF

LAND HOLDINGS IN

CASE OF REAL ESTATE

DEALERS

24. VERIFICATION OF

WORK IN PROGRESS

4 5 5 2

25. VERIFICATION OF

BOOK DEBTS

5 8

26. VERIFICATION OF

STOCK IN TRADE

4

27. ANALYTICAL REVIEW

PROCEDURES IN CASE

OF INVENTORY

6 4 2 5 4

28. VERIFICATION OF



GOODS SENT ON

CONSIGNMENT

29.

VERIFICATION OF

SUNDRY DENTORS

INCLUDE CHARGES

MADE FOR

RETURNABLE PACKING

CASES

30. VERIFICATION OF

GOODWILL

4

31. VERIFICATION OF

PATENT RIGHTS

32. VERIFICATION OF

COPY RIGHTS

5

33. VERIFICATION OF

TRADE MARKS

34.

VERIFICATION OF

ADVANCE GIVEN TO A

DIRECTOR OF A

COMPANY

35. VERIFICATION IN

COMPLETION OF

CONTRACTS

36. VERIFICATION OF

ENDOWMENT

POLICIES

37. VERIFICATION OF

PRELIMINARY

EXPENSES

5 4

38. VALUATION & ITS

OBJECTIVES

39. VERIFICATION VS.

VALUATION OF ASSETS

40. AUDITORS DUTIES IN

VALUATION

41. PRINCIPLES OF

VALUATION OF ASSETS

42. VALUATION OF STOCK

IN TRADE &

INVESTMENTS

43. FIXED ASSETS VS.

CURRENT ASSETS

5 4

44. PHYSICAL 4



VERIFICATION OF

FIXED ASSETS AT

REASONABLE

INTERVALS

45. VERIFICATION OF

GOODS LYING WITH

THIRD PARTY

4 5

16. VERIFICATION OF LIABILITIES


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-10

TO

N-11

M-

12

1. VERIFICATION OF TRADE

CREDITORS 5

NO QUESTIONS GIVEN

2. VERIFICATION OF

OUTSTANDING LIABILITIES 2

3. VERIFICATION OF LOAN

TAKEN FROM BANKS 5

4. VERIFICATION OF LOAN ON

MORTAGE OF PROPERTY

5.

VERIFICATION OF AMOUNT

DUE TO SUBSIDIARY

COMPANY

4

6. VERIFICATION OF BILLS

PAYABLE

7. VERIFICATION OF

DEBENTURES

8. VERIFICATION OF

CONTINGEBT LIABILITY 5 5 2 3

9.

VERIFICATION OF

PROVISION FOR INCOME

TAX

10. VERIFICATION OF

PROVISION FOR

DEPRECIATION

5

11. VERIFICATION OF

PROPOSED DIVIDENDS 5

12. VERIFICATION OF PAYMENT

OF INTERIM DIVIDENDS

8

13. VERIFICATION OF

DEFERRED TAX LIABILITY



14. VERIFICATION OF FOREIGN

CURRENCY LOAN FOR

PURCHASE OF ASSET

15. VERIFICATION OF BANK

OVERDRAFRT 5

17. INTERNAL CONTROL


05

N-

05

M-

06

N-

06

M-

07

N-

07

M-

08

N-

08

M-

09

N-09

TO

M-10

N-

10

M-

11

N-

11

M-

12

1. FEATURES OF GOOD

INTERNAL CONTROL

SYSTEM

2 6

NO QUESTIONS GIVEN

2. INTERNAL CONTROL &

ITS USES 2

3. LIMITATIONS OF

INTERNAL CONTROL

SYSTEM

7

4. REVIEW OF INTERNAL

CONTROL SYSTEM

5. IC QUESTIONNARE & IC

EVALUATION 5 4

6. INTERNAL CHECK 8 6 8

7. INTERNAL AUDIT 8

8. USEFULNESS OF

INTERNAL AUDIT

9. INDEPENDENCE OF

INTERNAL AUDITOR 4 2

10. STEPS TO ASSESS

INTERNAL AUDIT

FUNCTION

11. RELY ON INTERNAL

AUDIT REPORT BY

STATUTORY AUDITOR

12. RELATION BETWEEN

STATUTORY & INTERNAL

AUDITOR

5

13. INTERNAL AUDIT VS.

STUATORY AUDIT

14. INTERNAL AUDIT VS.

INTERNAL CHECK

15. LETTER OF WEAKNESS /

MANAGEMENT 5





THE END

IPCC Chapter / Topic wise Analysis of Past Exam Papers in I.T & S.M._____________122





1. INTRODUCTION TO COMPUTERS


N-05

M-06

N-06

M-07

N-07

M-08

N-08

M-09

N-09

M-10

N-10

M-11

N-11

M-12

1. GENERATIONS OF

COMPUTERS

2. TYPES OF COMPUTERS

3.

ADVANTAGES &

LIMITATIONS OF

COMPUTERS

4

4. BASIC COMPONENTS OF A

COMPUTER

5. CPU-MEANING, FEATURES

& COMPONENTS 6

6. MOTHER BOARD –

MEANING & COMPONENTS

7. BUS – MEANING & TYPES 2


STORAGE

9. CONCEPTS RELATING TO

RAM

10. CONCEPTS RELATING TO

ROM

11. BUBLE & FLASH MEMORY

12. FACTORS DETERMINING

STORAGE CAPACITY

13. WORM DISCS & OTHER

DISCS 5

1. ONE/TWO MARK

QUESTIONS 1 1 2 1 3 4 3 1 2 4 2 2 2

2. DIFFERENCES 8 10 2

2. INPUT & OUTPUT DEVICES


N-05

M-06

N-06

M-07

N-07

M-08

N-08

M-09

N-09

M-10

N-10

M-11

N-11

M-12

1. VARIOUS INPUT

DEVICES

2. DISPLAY DEVICES

3. VIDEO CONTROLLER



4. TERMINALS -

MEANING & TYPES

5.

DIRECT DATA ENTRY

DEVICES - MICR, OCR,

OMR, BAR CODE

READER

5 5 4 4

6. SMART CARDS 5 2

7. SCANNERS & ITS

TYPES

8. DOCUMENT IMAGING 5 4

9. PRINTERS & ITS TYPES

10. OTHER OUTPUT

DEVICES (SPEAKERS

ETC)

1. ONE/TWO MARK

QUESTIONS

1 2 2 1 2 2

2. DIFFERENCES 5 5

3. SOFTWARE


N-05

M-06

N-06

M-07

N-07

M-08

N-08

M-09

N-09

M-10

N-10

M-11

N-11

M-12

1. SOFTWARE –

MEANING & TYPES 5

2.

PROGRAMMING

LANGUAGES –

MEANING AND ITS

GENERATIONS

5 8

3. OBJECT ORIONTED

LANGUAGES 5 2

4.

OPERATING SYSTEM

– MEANING & ITS

FUNCTIONS

5 5

5. GRAPHICAL USER

INTERFACE (GUI)

6. DIFFERENT OSs

AVAILABLE

7. MS – WINDOWS 5

8.

MULTI

PROGRAMMING,

MULTITHREADING,

MULTI PROCESSING

5 5



AND MULTI TASKING

9. VIRTUAL MEMORY

10. SPOOLING

11. UTILITY ROUTINES 4

12. LANGUAGE

TRANSLATORS 5 4

13. M.S. WORD &

SPREAD SHEET

14. DECISION SUPPORT

SYSTEMS 5 5 5 4

15. ARTIFICIAL

INTELLIGENCE 5

16. EXPERT SYSTEMS 5 5 5 4

17. CAD/CAM 5

1. ONE/TWO MARK

QUESTIONS 2 2 2 2 2 2 2

2. DIFFERENCES 5 5

4. DATA STORAGE, RETRIEVAL & DBMS


N-05

M-06

N-06

M-07

N-07

M-08

N-08

M-09

N-09

M-10

N-10

M-11

N-11

M-12

1. DIFFERENT CODING

SYSTEMS 2


KEYS 2

3. FILE ORGANISATION

METHODS & FACTORS 5 5 5 4 4 4

4. DATA PROCESSING &

ACCESS METHODS 2

5.

LIMITATIONS OF

TRADITIONAL FILE

ORGANISATION

6 3

6. ADVANTAGES OF DATA

BASE 4

7. DIFFERENT D.B.

ARCHITECTURE 5 5 2

8. D.B. USERS AND

LANGUAGES 5 4 4

9. D.B.A. AND HIS

FUNCTIONS 5

10. VARIOUS DATA BASE

COMPONENTS



11. CONCEPT OF DATA

DICTIONARY

/DIRECTORY

5


DATA BASE 10

13. SQL OF D.B. RETRIEVAL

14. DOCUMENTATION 6

15. CONCEPT OF PLMS 5

16. CONCEPT OF DATA

BACKUP & RECOVERY 5 5 5 4

17. CONCEPT OF DATA

WAREHOUSE 5 2 4

18. CONCEPT OF DATA

MINING 5

19. MISCELLANEOUS

(OTHERTHAN ABOVE) 10 5 6

1. ONE/TWO MARK

QUESTIONS 1 1 2 4 4 3 3 2 2 2

2. DIFFERENCES 4 8 5 2 2

5. COMPUTER NETWORKS AND NETWORK SECURITY


N-05

M-06

N-06

M-07

N-07

M-08

N-08

M-09

N-09

M-10

N-10

M-11

N-11

M-12

1. NETWORK – MEANING,

NEED AND BENEFITS 7

2.

LAN–MEANING,

FEATURES, NEED &

COMPONENTS

10 6 5 4

3. WAN – MEANING AND

FEATURES

4. VPN – MEANING AND

TYPES

5.

NETWORK

ARCHITECTURE & ITS

TYPES

6.

NETWORK

COMMUNICATION

DEVICES

5 5

7. NETWORK TOPOLOGY –

MEANING & TYPES 5 5 4

8.

DATA TRANSMISSION

METHODS, MODES AND

TECHNIQUES

9. TYPES OF 5



COMMUNICATION

SERVICES

10. COMMUNICATION

SOFTWARE – MEANING

AND FUNCTIONS

5 5 4

11.

COMMUNICATION

PROTOCOLS – MEANING &

ITS TYPES (OSI MODEL,

TCP/IP)

5 5 2

12. CONCEPT OF ISDN 5

13. CONCEPT OF CLIENT

SERVER TECHNOLOGY 5 4 8

14. TYPES OF SERVERS 4

15. CONCEPT OF IDS

16.

DATA CENTERS –

MEANING, FEATURES,

SERVICES AND

COMPONENTS

5 5 5 5 5 3 5 4

17. BCP AND NETWORK

SECURITY 4

1. ONE/TWO MARK

QUESTIONS 1 2 1 3 1 1 1 1 2 2

2. DIFFERENCES. 4 4 10 10 5

6. INTERNET & EMERGING TECHNOLOGIES

No Chapter/Topic

Name M-05

N-05

M-06

N-06

M-07

N-07

M-08

N-08

M-09

N-09

M-10

N-10

M-11

N-11

M-12

1.

INTERNET –

MEANING AND

ITS BENEFITS

4

2.

WWW AND

PUSH

TECHNOLOGY.

5

3.

E MAIL –

MEANING AND

FEATURES

5

4.

INTRANET –

MEANING,

FEATURES AND

BENEFITS

5

5.

EXTRANET –

MEANING,

FEATURES AND

BENEFITS

5



6.

E COMMERCE –

MEANING &

ADVANTAGES

10

7.

B 2 B & B 2 C

TYPES OF E-

COMMERCE

8.

CRM –

MEANING &

TYPES

4

9.

SCM & SCEM –

MEANING AND

PROBLEMS

5 5 4

10.

EDI – MEANING,

ADVANTAGES

AND ITS

PROCESS

5 5 5 5 5 4

11. CONCEPT OF

EFT 5

12.

TRANSACTIONS

OF CREDIT

CARDS,

ELECTRONIC

CHEQUES AND

SMART CARDS

13.

CONCEPTS OF

M–COMMERCE,

BULETOOTH &

WI FI

5 5 2 4

14.

TOOLS THAT

ARE AVAILABLE

AGAINST

INTRUSION

5 4

15. MISCELLANEOUS

(OTHERTHAN

ABOVE)

5 5 7

1.

ONE/TWO

MARK

QUESTIONS

1 3 1 1 2 4 2

2. DIFFERENCES.





1. BUSINESS ENVIRONMENT


No. NAME OF THE TOPIC MTP-

1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. CONSUMER VS.

CUSTOMER 2 2

2. MICHAEL PORTER’S 5-

FORCES MODEL 10 10 3

3. MICRO & MACRO

ENVIRONMENTAL

FACTORS

2 4 3

4. GLOBAL ENVIRONMENTAL

FACTOR 10 2 1 3

5. CHARACTERISTICS OF

BUSINESS

ENVIRONMENT

3

6. OBJECTIVES OF

BUSINESS 2 2

Analysis of Objective type questions in Past Exam papers of IPCC

No. TYPE OF QUESTION MTP-

1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. 2 MARKS QUESTIONS 1

2. FILL IN THE BLANKS

3. DIFFERENCES 1

4. TRUE/ FALSE QUESTIONS 1 1 1 1 2 1 1

5. 1 MARK DEFINITIONS 1

6.

SHORT ANSWER

QUESTIONS (ABOVE 2

MARKS)

1 1 1 2 1

7. APPLICATION

ORIENTED QUESTIONS 1 2

2. STRATEGIC MANAGEMENT PROCESS



1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1.

STRATEGY &

STRATEGICMANAGEMENT

PROCESS

4 4 3

2. LEVELS OF STRATEGY 2 10 3 3

3. VISION 2 2 2 1 1

4. MISSION 2 2 4 1 1 3

5. OBJECTIVES VS. GOALS 2

6. IMPORTANACE OF

STRATEGIC MANAGEMENT 6 4 3





1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. 2 MARKS QUESTIONS 1 1 1

2. FILL IN THE BLANKS 2 1 1 1

3. DIFFERENCES 1 2

4. TRUE/ FALSE

QUESTIONS 1 1 1 1 1

5. 1 MARK DEFINITIONS 1

6. SHORT ANSWER

QUESTIONS (ABOVE

2 MARKS)

2 1 1 2 1

7. APPLICATION

ORIENTED QUESTIONS

3. STRATEGIC ANALYSIS



1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. SWOT ANALYSIS 10 10 2 2

2. BCG MATRIX 2 2 10 4 4

3. PRODUCT LIFE CYCLE 2 2 1 1

4. STRATEGIC GROUP

MAPPING 2 1 1

5. ANSOFF’S MATRIX 4 2

6. SITUATIONAL

ANALYSIS 4



1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. 2 MARKS QUESTIONS 1 1 1 2 2 1

2. FILL IN THE BLANKS 1 1

3. DIFFERENCES

4. TRUE/ FALSE

QUESTIONS 1 1 1 1

5. 1 MARK DEFINITIONS 1 2

6.

SHORT ANSWER

QUESTIONS (ABOVE 2

MARKS)

1 1 1 1 1 1

7. APPLICATION




4. STRATEGY FORMULATION



1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. PORTER’S GENERIC

STRATEGIES 10 1

2. GRAND STRATEGIES 10 2 1 1

3. DIVERSIFICATION

STRATEGY 2 2 4 2 5 3

4. RETRENCHMENT

STRATEGY 2 2 2 2 1 3

5. TURNAROUND

STRATEGY 10 2 4 2

6. MARKETING STRATEGIES 2 2 2 2 3 1 1 2



1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. 2 MARKS QUESTIONS 2 1 1 1 1 1 1 2

2. FILL IN THE BLANKS 1 1

3. DIFFERENCES 1 1 1

4. TRUE/ FALSE

QUESTIONS 2 1 2 1 1 1

5. 1 MARK DEFINITIONS 7 3 4 4

6.

SHORT ANSWER

QUESTIONS

(ABOVE 2 MARKS)

1 1 1 1 1 1

7. APPLICATION

ORIENTED QUESTIONS 1

5. STRATEGY IMPLEMENTATION AND CONTROL



1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1.

STRATEGY

FORMULATION VS.

IMPLEMENTATION

10 2 4 3

2. CORPORATE CULTURE 2 2 2 3 3 4

3. ORGANISATIONAL

STRUCTURES 2 2 4 3

4. CHANGE & LEADERSHIP 10 2 2 3 3

5. VALUE CHAIN ANALYSIS 2 2 3 1 2





1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12


2. FILL IN THE BLANKS

3. DIFFERENCES 1

4. TRUE/ FALSE

QUESTIONS 2 3 1 2 2 1 1


6.

SHORT ANSWER

QUESTIONS

(ABOVE 2 MARKS)

1 1 1 4 1 4

7. APPLICATION


6. REACHING STRATEGIC EDGE



1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12

1. BUSINESS PROCESS

REENGINEERING 2.5 10 2 1 4 3

2. BENCHMARKING 2 3 2.5 2 4 1

3. TOTAL QUALITY

MANAGEMENT 10 2 3 4

4. SIX SIGMA 2 2 10 2 2 3 3

5. E- COMMERCE 7 2

6. APPLICATION OF SM 2 2 3



1

MTP-

2

MTP-

3

M-

07

N-

07

M-

08

N-

08

M-

09

N-

09

M-

10

N-

10

M-

11

N-

11

M-

12


2. FILL IN THE BLANKS 1 1 1

3. DIFFERENCES 1

4. TRUE/ FALSE

QUESTIONS 1 1 1 1 1 1


6.

SHORT ANSWER

QUESTIONS

(ABOVE 2 MARKS)

1 1 1 1 2 2

7. APPLICATION

ORIENTED QUESTIONS

THE END

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