SEBI Phase-2 Strategy 2022

STUDY PLAN

22-24 Feb Costing + English Test (Every Alternate Day) 23 Feb- Identify 10 Sections, 5
25-27 Feb Commerce & accountancy Essay topics from each section
28, 1, 2 March Finance 24- 28 Feb- Practise 50 Essays
3-4 March Management 1 March- English Test 1
5-6 March Companies Act 2 March- English Test 2
8-10 March Economics 3 March- English Test 3
11-12 March Management 4 March- English Test 4
13-14 March Finance 5 March- English Test 5
15-16 March Commerce & Accountancy (Practise) 14 March- English Test 6
17-18 March Costing (Importance) 15 March- English Test 7
19 March Companies Act (Memorization) 16 March- English Test 8
17 March- English Test 9
18 March- English Test 10
 Phase-1 Paper-2 2022

Costing Lean(6); Budget(1); material(1)

Commerce & Financial statement (2); Debenture (1); types of expenditure (1);
accountancy accounting info system (1); assets (1); IND AS (1); red ink (1)
Finance Current (1); RBI instruments (1); Mutual fund (1); Derivative (2); AIF
(1); regulatory bodies (1)
Management HRD (1); Leadership (3); OT (1); Morale (1); Directing (1);
communication(1)
Companies Act Chapter-3 (1); Chapter-4 (3); Directors (4); NCLT (1); Dividend (1)
Economics NBFC (2); Imputed cost (1); National income (1); Market structures (1);
IS-LM (1); DD & SS (1); BOP (1); elasticity (1)
 Costing
• Methods of costing: job costing, contract costing, process costing, service
costing

• Variance analysis

• CVP analysis
 Commerce & Accountancy

Old standard New Standard (Ind-AS)

AS 2: Valuation of inventory IND AS 2: Valuation of inventories

AS 9: Revenue recognition IND AS 115: Revenue from

contracts with customers ( 11 & 18
merged)
AS 10: Plant, property & equipment IND AS 16: Property, Plant and
Equipment
AS 11: Effect of foreign exchange IND AS 21: The effects of changes
rate in foreign exchange rates
AS 13: Accounting for investments IND AS 40: Investment Property
 Commerce & Accountancy
• Cash flow

• Ratio analysis

• Share capital: forfeiture, capital reserve, redemption

• ESOP
 Finance
• Money market, Bond market
• Financial inclusion
• PPP
• GST
• Finance Commission & FRBM
• Inflation
• Numericals on bonds, capital budgeting, equity valuation, CAPM, leverage analysis
• ETF, Depository receipt, REITs, stock index, stock exchange
• SEBI regulations
 Management
• Theories of motivation

• Functions of management: controlling, planning, organizing

• Communication

• Leadership theories
 Companies Act
• Types of prospectus, liability for mis-statement in prospectus, allotment of
securities, pvt placement

• Variation of shareholder’s rights, payment of dividend in proportion to paid-up

capital, application of SPR, prohibition on issue of shares at discount (exceptions),
redemption of pref. shares, CRR, bonus shares, reserve capital, reduction of share
capital, debenture, penalties

• IEPF, declaration of dividend, unpaid dividend a/c

• First & subsequent auditors of govt & non-govt co.; Term of auditor; cooling-off
period; Removal & resignation; eligibility; supplementary audit; auditor to report
fraud; NFRA; penalty for auditor, director & company; cost audit
 Companies Act
• Composition of board; independent directors (term & cooling-off); small shareholders;
retire by rotation; DIN; notice for directorship; additional, alternate & nominal;
disqualifications, vacation, removal; no. of directorships; penalty
• Meetings of BOD (OPC, etc); resolution by circulation; committees; powers of BOD;
bona-fide & charitable fund; disclosure of interest; loan to directors; loan & inv. by co.;
RPT; Contract by OPC
• NCLT, NCLAT: constitution; qualification; selection; term; resignation; removal;
principal bench; appeals & disposal; assistance of chief metropolitan magistrate
 Economics
• Classical vs Keynesian;

• consumption, inv. & saving func.;

• multiplier & accelerator;

• Phillips curve;

• Business cycle;

• Monetary & fiscal policy