Weightage Content Area 90%-110% 20%26% 1. Application of Accounting Standards: ‘AS 4 Contingencies and Events occuring attr the Batance Shoot Date AS. 5: Net ProfitorLoss forthe Paro, Prior Prod tems and Changes in Accounting Polcies = Zz = = AS 1: Const Canvas AS 9: Revenue Recognition AS 1 coun Arapaatens AS 17 Sener Reig AS 18: Role Poy Denes AS 10, Laon AS 20: Eamngs Par Share AS 2 Acuna Toeson nee AS 24: Discontinuing Operations 1S 26: gb Assets ‘AS 29: Provisions, Contingent Labes end Contingent Asses, 33%38% Company Accounts 2. Special Aspects of Company Accounts (i) Accouning for employee stock opton pans; {© The lst of Chartered Accountants of Ina12-16% 25%-20% (Buy back of secures; (i) Equty shares with dierent nights ‘3. Reorganisation and Liquidation of Companies (9 Accounting for Amalgamation (excungitr-company holding) an reconstruction (Accounting involved in iquidaon of companies ‘4. Banking companies and Non-Banking Financial Companies and equator requirements hereof ‘5. Consolidated Financial Statements ‘Concept of consolation and simple problems on Consolidated Financial Statements wih single subsidiary (excluding problems imvoving acousiion of Interest in Subsiiary at Different Dates; Different Reporting Dates of Holding and Subsidiary; Disposal ofa Subsiiary and Foreign Subsidiaries) 6, Dissolution of partnership firms Dissolution of partnership fims including piecemeal ditibuon of assets; Amelgamaton of parineship fms; ‘Conversion of parrership firm nto a company and Sale to a company; esues related to accountng in Limited Liab Perinerstip. ord Accountant of nd20% -25% 4. Content Area Nature, Objective and Scope of Aut ‘Audting Concepts: Nature, objective and scope of Audit Relationship of audting with oer disciplines; Standard Setting Process: Oveniew, Standard-sating process, Role of Iiemations! Audting end Assurance Siandards Board (AASB) & Auditing and Assurance Slandards Board (AASB); Standards on ‘Audting, Guidance Note(s) issued bythe ICA, Engagement Standards: Qualis of Auditor, Elements of System of Quality Conta (SOC 1 Quay CContol for Fams that Perfom Audits and Reviews of Hisoreal Fancal Information, and Other Assurance and Relaled Senices Engagemens), Ethical requfemens relating to an aut of fnancal slatoments; Inherent Liiations ofan aud (SA 200 Overall Objectives ofthe Independent Autor and the Conduct of an Aud in Accordance wih Standards on Audtng), Precondtons for an aut, Audit Engagement, Agreement on Audit Engagement Terms; Tems of Engagement in Recuing Audis (SA 210 Agreeing the Terms of Audit Engagements}; Leadership Responsbites for Quality on Auris; Concept of Auditor’ Independence; Treats to Independence; Acceptance and Continuance of Cent Relaonships and Aud Engagements (SA 220 Qulty Convo fr an Av of Financia Statements) ‘Audit Strategy, Audit Planning and Ault Programme ‘Audit Svategy; Ault planning (SA 300); Aust programme; Development of Aut Plan and Programme, Control of quay of audit work - Delegation and supenision of aut work, Materia and Aut in Revision of Materaty: Documenting the Mateiaty; Peromance Nateraty (SA 320 Materalty in Panning and Peforing an Au). ‘Audit Sampling: ‘Mesning of Aust Samping: Designing an aut sample: Types of sampling; Sample Size and selecton of items fr tesing: Sample selocton method (SA 530 Audit Sampling), ‘Analytical Procedure {© The lst of Chartered Accountants of Ina5% 15% 3 Nature of anata procedures: Designing and pererning anayical procedures prior to Au investigating he esl of raya procedures (SA520 Arata Prosar). ‘Audit Documentation and Aust Evidence Concept of Aust Documentation; Nature & Pupose of Aust Docunentaten For, Content & Ent of ‘Ait Doaumentatin; Competon Memorandum, Owners and custody of Aut Documentation (SA 250 ‘At Documentation}; Aud procedures for oblaring aut evidence: Soures of evidence; Relevance and Relebity of aut evidence; Suficentappropra aucit evidence, Evaluation of Aust Evidence (SA 500 Aut Evidence; Wien Represeiaons as Aut Evidence, Objective of Autor regerng Wen Represenation; Management om whom Wren Repesenistins mey be reqesied, Whiten Representations about Managements Responstltes (SA $80 Witten Representations) Obtaring rides of exstence of invertay: uct rood fo ently Kigaton& is (SA S01 Aust Evidence - Specific Considerations for Selected tems): External confmaton procedures; Managements retusa io alow the autor to senda conimaton request; Negatve Confemaons (SA 56 Eteral Confaton) ‘Audit evidence about opening balances: Aezouning pois etna to opening blancs; Repring wih regard io opening balances (SA 510 Intel Aust Engegements-Opening Balances) Mesrng of Reed Paty, Natu of Related Party Relaonships & Transactions, Understanding the Ents Related Party Relationships & Tiensactons (SA $80 Releled Paes); Meaning of Subsequent Evens; Ausio’s cigatons in citerent stuatons of subsequent evens (SA 580 Subsequent Eves): Responses of the Auditor wt pad to Going Conan Assunpn; Objcves oth Autor regarding Gong Concer; Evers or Conon that may cast doubt about Gong Concem Assunpton; Aud Procedures when evens orcondon aedeifed (SA 570 Going Conc). 10%-15% 4. Risk Assessment and Interal Control: Fisk Assessment procedures; Understanding the ently and is environment entiing and Assessing the Risk of Material Mssatoment; Documenting the Risks; Elements of intemal conto: Review end documentation; Evaluation of ileal contol system; Tests of conta; lem Contol and IT Eminent (SA 315 ldeniving and Assessing the Risks of Matra Misiatement Through Undersiandng the Ey {and its Environment; Appicaton of concept of materiality and aut risk (SA 320 Material in Planing ‘and Peroming an Audi); Concept of intal aust, Basics of Standards on Internal Au (SAS) issued by the ICAL; Basics of intemal Financial Contl and reporting requirements; Dstncion between Iie Financial Contl and Interna Control ovr Financial Reporting, {© The lst of Chartered Accountants of Ina15% - 20% 5% 15% 10% -15% 10. 1" ‘Audit an Automated Environment: Key features, Impact of T related Riss, Impact on Cont, Intmal Financial Cons as per Regulatony requirements, Types of Contols, Aut approach, Understanding and documenting Automated ‘environment, Testng methods, dala anaiycs for aut, assessing andrepring aut ndings. Fraud and Responsibilities ofthe Aucitor in this Regard Responsbity forthe Prevention and Detection of Fraud, Fraud Risk Factors; Risks of Material Missiatement Due to Fraud; Communicaion of Fraud (SA 240 The Auto’ responsbies Relang Fraud in an Audi of Financ Statements); Provisions ofthe Companies Act 2013 relating to fraud and les thereunder including repring requirements under CARO. ‘The Company Audit: EEghbilty, Qualifications and Disqaliicatons of Auditors; Apponiment of autor; Removal of autos; Remuneraton of Auditors; Powers. and duties of auditors, Branch aud; Joint audit; Reporting requirements under the Companies Ac, 2013 incuding CARO; Other Important Provsions under the (Companies Act, 213 eating to Aut nd Auditors and Rules made thereunder, ‘Audit Report: Fming an pinion on the Financial Statements; Austo's Repo basic elements (SA 700 Forming an prin and Reporing on Financial Statements); Types of Modified Opinion; Grcumstances when a ‘modification to the Auditors Opinion is Required, Qualified, Adverse, Disclamer of Oprion (SA 705 Modification to the Opinion inthe Independent Audiors Report; Guafcaton, Disclaimer, Adverse opinion SA 706 Emphasis of Nate Paragraphs and ier Matter Paragraphs in the Independent, ‘Audio’ Report; Natue of Comparatve Infomaton; Corresponding Figue; Comparative Financial Statements (SA 710 Comparative Infomation - Cortesponding Figures and Comparative Financial Statements), ‘Audit of tems of Financial Statements: ‘Aut of sale of Products and Services; Aud of Iferest Income, Rental Income, Dividend Income, Net gainloss on sal of Ivesiment et. ‘Audt of Purchases, Empoyee benefits expenses, Deprecation, Interest expense, Expenditure on Power {8 Fuel, Reni, Repair to bulding, Repair to Machinery, Insurance, Taxes, Traveling Expenses, Mscaleneous Expenses ec {© The lst of Chartered Accountants of Ina10%-20% 12 Audi of Banks: Understanding of accouning system in Banks, Bark Aut Approaches, Aust of Revenue items, Special Consideration n Bank Aud with emphasis on Advancas and NPAS. {© The lst of Chartered Accountants of Ina18-25% 15% -25% 18%-25% 15% - 25% ] i ‘Automated Business Processes (),lnvodueton to Enterprise Business Processes, Benefits, Risks and Conbols; {Diagrammatic representation of business processes using Flowchart (@ Risks and cons for specie business processes: Procure to pay (POP), Orde to cash, Inventory Oye, ie to Rat, Supply Chan Management, Fixe Asses ee. {() Appcable requiatory and compliance requirements incuding computer related ofences, privacy, cybercrime, Sensitive Personal Daa Information af Information Technology Ac, 2000, Financial and Accounting Systems (0) Integrated (ERP) and nonntegrated systems wih ratd risks ad controls (@ Business process motes and theirintgraton wih Financial and Accustng ystoms {Reporting Systems and MIS, Data Analyis and Business Iisigenoe (wv) Business Reporting and fundamen of XBRL (eXtensible Business Reporting Language) {Apa requlatory and compliance requirements Information Systems and its Components {Components of Automated information Systems: Appcaon Systems, Database, Network and (Operating Systm wit lated risks and contol, (@) Mapping of Organisation suture with segregaten of utes in nformation Systems. ECommerce, M-Commerce and Emerging Technologies. 0) Comper and Artic of ECan ed Mommie wh red nd cent {Business process flow wih its elated risks and conboss {© The lst of Chartered Accountants of Ina(Applcable regulatory and compkance requirements 15%-25% 5. Core Banking Systems {9 Core modes of banking and Busines process flow ands relied sks and controls {Applicable retry nd complance equreents {© The lst of Chartered Accountants of InaWeightage Content Area Part: Strategic Management (0 Marks) Introduction to Strategie Management (Business Poly (i) Meaning and Nature of Saege management i) Business Stategy () Staogic eves in organizations (0) Staegic Management in Goverment and Nt for-profit rgeizaton [| 10%20% 2 Dynamics of Competitive Strategy (Competitive Landscape 10%-20% (i). Steg Analysis Gi) Indust and competitive Analysis {) Core Competence (0) Compete advantage (ui) Interal and External Analysis (wi) SWOT Anais (vi) Globalization 10%-20% 5. Strategy Management Process (0. Stategic Planing (i). Stategic tet - Vision, Mision and Obecives (i) Strategy Formulation 10%-20% 4. Corporate Level Strategies {© The atte of Chartered Accountant of10%-20% 10%6-20% 10%-20% 40%.20% {© The atte of Chartered Accountant of (Concepts and Nature of Corporat Statogy (i). StetegicAteratves at Corporate Level a) Stabity 8) GrowthfExpansion ‘}_ Business Combinations Merger and Acuston 4) Static Aliances (), RetrenchmentTumaround 4) Combination Business Level Strategies (@) Compete strategies at Business Level (i) Michael Pote’'s Gener Strategies (i) Best Cost Provider Satay Functional Level Strategies () Marketing Sategy (i) Financial Srategy i) Operations Strategy (i) Human Resource Stategy (0) Research and Development Organisation and Strategic Leadership (Organisation Srutu (i) Stetegic Business Unit i) Strategic Leadership (Strategy Supportive Cute (0) Entropreneuship and invapreneursip ‘Strategy Implementation and Control (i) Stategy Inlemeniation (i) Strategic Change{© The lst of Chartered Accountants of InaWeigtage Content Area 10%-15% 1. Financial Management and Financial Analysis. {)) Introduction to Financial Management Function (@) Objcive and scope of racial management, (0) Role and purpose (©) Franca manogenert enon (6) Funes of nance exeovesin a organzabon (©) Fanci distess ad insotveny. (0) Financial Analysis through Rtos (2) Users of the financial analysis (0) Sources of financial data for analysis (©) Celatn and inerpretatonofretos: ‘Analysing lity = Ansiing leverage = Anaiingsoberey + —_Anaysingefiny/ acy = Anayingpotbity (©) _Umitatons ft arass 40%45% 2 Financing Decisions {) Sources of Finance {@) Different Sources of Finance, Characteristics of different types of long term debt and equity finance Method fig ng em ance {© The lst of Chartered Accountants of Ina435% 1, (©) ferent Souces of shart em ance (©) tiene funds sau of rane (6) Iiematioal sources of france (€)Oter sees of nance - Salad las back, Conerile det, Vere capil, Grants (ii) Cost of Capital (©) Sencanoe of xt apa (©) Fctosof ast of apa (6) Measurement of costs of individual components of capital (6) Weitied average cost capital WACO) (©) Marina os of apa (0) fete neste (ii) Capital Structure Decisions (0) Sontcaoe of cpl suc (©) Daaminens of apa sre (€) Capital stucre planing and desiring (©) Designing of pan captlsructre {@) Theories of Capital Structure and value of the fm- relevancy and Irrelevancy of capital structure. (0) EBI-EPS Aras, Srateven- BIT Anais (@) Unde Ore Ceptaiston (i) Leverages (©) Typesof Levees: Oprin, Fini and Contned (©) Aras olevereges Capital Investment and Dividend Decisions (0) Capita investment Decisions (@) Objective of capital investment decisions (©) Methods of investment eppreisa: {© The lst of Chartered Accountants of Ina+ Payback perio, Discounted payback period = Recount Rate of Retum (ARR), 3 Present Value (NPV) The mearing of NPV, Strengths and tations of NPV method, “The working capital ajstmentin an NPV analysis, Capt rationing, Equivalent Annual cats, + Ileal Rte of eum (IRR) Limiatons ofthe IRR method, Mutple RRS, = Modi intemal Rate of Rum (MIRR)- Definition and explanaton of MIRR, The process far calculating MIRR, Stenghs of he MIRR approach Profit Index (ii) Adjustment of Risk and Uncertainty in Capital Budgeting Decision, (@) Probably Analysis (©) Certainty Equivalent Metros (@)_ Risk AdustedDisoount Rate (6) Scenario Analysis (@) Sensi Analysis (i) Dividend Decisions (@) Bases of Dividends (@) Forms of dividend (@) Determinants of didend (8) Relevancy and lelevancy of Didend Pocis- Traditional Approach, Waller's model, Gordons ‘model, Megan and Miler (MON) Hypotesis 10%-15% Management of Working Capital (0) Management of Working Capital (@) The management of working capital-Liquity and Poftbilty (©) The Working capil nancing decisions: Primary and Secondary Sources of Liquty (1 The working Capital Cyle (operating Cycle), Efectveness of Working Capa based on its {© The lst of Chartered Accountants of Ina® © ®) 0 ‘operating and cash conversion cycles Assessment of working capital requrement Management of Accounts Receivables (Debtors) Factoring and Foratng Management of Accounts Payables (Crediors) ‘Management of Inventory Management of Cash, Treasury management ‘Benkng noms of working capita finance ord Accountant of nd0% 30% 20%30% 20%30% EE Content Area Determination of National Income () Macro Economic hgregates and Measurement of Nato! Income (i) The Keynesian Theory of Determination of National nome Public Finance () Fiscal functions: An Oven. (i) Market Faiue Gi) Goverment iterventions to Conect Market Fire (i) Fiscal Poy The Money Market () The Concept Money Dean (i) Imprtant Theres of Demand for Money Gi) The Concept of Maney Suply (i) Monetary Poty Internationa Trade (Theos of itematonal Trade (i) Trade Ply The Instruments of Trae Poy (i Trade Negotions (jw Exchange Rates adits economic eects (0) Inematona Copal Movements: Foreign Direct Investment {© The lst of Chartered Accountants of Ina{© The lst of Chartered Accountants of Ina