CA IPCC - Syllabus
Chartered Accountancy Integrated Professional Competency Course
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CA IPCC Syllabus 2022: Check out Detailed Subject-Wise Syllabus here
Updated On - January 24 2022 by Divyansh K
CA IPCC Syllabus 2022: Students must register for IPCC Registration to be able to take the IPCC Level after passing the CPT Exams. Only about 30% of students who take CPT pass the exam, according to ICAI's CPT Results. Graduates with a grade point average of at least 55 percent are excluded from taking the CPT and can instead enrol for the IPCC Exams. Graduates may be exempt from CPT.
CA IPCC Syllabus 2022
The syllabus for the CA IPCC test 2022 has been issued by the Institute of Chartered Accountants of India (ICAI). The CA IPCC syllabus 2022 is split into two sections. The enrolled applicants will have the option of taking the exam for a single group or both groups.
The CA IPCC 2022 syllabus is now available on the ICAI's official website. The syllabus covers all of the topics covered in each paper of the ICAI's CA IPCC test 2022. Before beginning their preparations, candidates should review the CA IPCC test curriculum. Read the entire post to learn more about the CA IPCC syllabus 2022 in depth.
CA IPCC Syllabus 2022 – Subject wise Topics of group 1
The topics covered in the syllabus of group 1 of CA IPCC 2022 are as given below:
Paper 1: Accounting
As per the syllabus of the CA IPCC exam 2022, the topics covered under the paper of accounting are as follows:
| S.No | CA IPCC Syllabus Paper 1: Accounting |
| 1 | A General Knowledge of the framing of the accounting standards, national and international accounting authorities, adoption of international financial reporting standards |
| 2 | Accounting Standards AS 1: Disclosure of Accounting Policies AS 2: Valuation of Inventories AS 3: Cash Flow Statements AS 6: Depreciation Accounting AS 7: Construction Contracts (Revised 2002) AS 9: Revenue Recognition AS 10: Accounting for Fixed Assets AS 13: Accounting for Investments AS 14: Accounting for Amalgamations |
| 3 | Company Accounts (a) Preparation of financial statements Profit and Loss AccountBalance Sheet and Cash Flow StatementStatement of changes in Equity and Explanatory Notes. (b) Profit (Loss) prior to incorporation (c) Alteration of share capital, Conversion of fully paid shares into stock and stock into shares, Accounting for bonus issue (d) Simple problems on Accounting for business acquisition, Amalgamation and reconstruction (excluding problems of amalgamation on inter-company holding) |
| 4 | Average Due Date, Account Current, Self-Balancing Ledgers |
| 5 | Financial Statements of Not-for-Profit Organisations |
| 6 | Accounts from Incomplete Records |
| 7 | Accounting for Special Transactions Hire purchase and instalment sale transactions investment accounts Insurance claims for loss of stock and loss of profit. |
| 8 | Issues in Partnership Accounts Final accounts of partnership firms – Admission, retirement and death of a partner including treatment of goodwill. |
| 9 | Accounting in Computerised Environment An overview of computerized accounting system Salient features and significance Concept of a grouping of accounts modification of accounts Maintaining the hierarchy of ledger Accounting packages and consideration for their selection Generating Accounting Reports |
CA IPCC Paper 2: Business Laws, Ethics and Communication
The topics covered under the Business laws, ethics and communication are classified into three parts.
CA IPCC Syllabus: Part I Business Laws
Check the topics covered under Business Laws from the below-mentioned table.
| S.No | CA IPCC Syllabus Paper 2 Business Laws |
| 1 | Business Law The Indian Contract Act, 1872 The Negotiable Instruments Act, 1881 The Payment of Bonus Act, 1965 The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 The Payment of Gratuity Act, 1972 |
| 2 | Company Law (30 Marks) The Companies Act, 2013 – Sections 1 to 122 Preliminary Incorporation of Company and Matters Incidental thereto Prospectus and Allotment of Securities Share Capital and Debentures Acceptance of Deposits by companies Registration of Charges Management and Administration Company Law in a computerized Environment – E-filing. |
CA IPCC Syllabus: Part II Ethics
Check the topics covered under Ethics from the below-mentioned table.
| CA IPCC Syllabus Paper 2 Ethics Topics | Details |
| Introduction to Business Ethics | The nature, purpose of ethics and morals for organizational interests; Ethics and Conflicts of Interests; Ethical and Social Implications of business policies and decisions; Corporate Social Responsibility; Ethical issues in Corporate Governance. |
| Environment issues | Protecting the Natural Environment – Prevention of Pollution and Depletion of Natural Resources; Conservation of Natural Resources. |
| Ethics in Workplace | Individual in the organisation, discrimination, harassment, gender equality. |
| Ethics in Marketing and Consumer Protection | Healthy competition and protecting consumers’ interests. |
| Ethics in Accounting and Finance | Importance, issues and common problems. |
CA IPCC Syllabus: Part III Communication
Check the topics covered under Ethics from the below-mentioned table.
| S.No | CA IPCC Syllabus Part III Communication |
| 1 | Elements of Communication Forms of Communication: Formal and Informal, Interdepartmental, Verbal and nonverbal; Active listening and critical thinking Presentation skills including conducting meeting, press conference Planning and Composing Business messages Communication channels 6 Communicating Corporate culture, change, innovative spirits Communication breakdowns Communication ethics Groups dynamics; handling group conflicts, consensus building; influencing and persuasion skills; Negotiating and bargaining Emotional intelligence – Emotional Quotient Soft skills – personality traits; Interpersonal skills; leadership |
| 2 | Communication in Business Environment Business Meetings – Notice, Agenda, Minutes, Chairperson’s speech Press releases Corporate announcements by stock exchanges Reporting of proceedings of a meeting |
| 3 | Basic understanding of legal deeds and documents Partnership deed Power of Attorney Lease deed Affidavit Indemnity bond Gift deed Memorandum and articles of association of a company Annual Report of a company |
CA IPCC Paper 3: Cost Accounting and Financial Management
The topics covered under the paper of Cost Accounting and Financial Management are classified into two parts.
CA IPCC Paper 3 Cost Accounting
Check the topics and sub-topics included in Cost Accounting.
| CA IPCC Syllabus Paper 3 Cost Accounting | Sub-topics of Cost Accounting |
| Introduction to Cost Accounting | (a) Objectives and scope of Cost Accounting (b) Cost centres and Cost units (c) Cost classification for stock valuation, Profit measurement, Decision making and control (d) Coding systems (e) Elements of Cost (f) Cost behaviour pattern, Separating the components of semi-variable costs (g) Installation of a Costing system (h) Relationship of Cost Accounting, Financial Accounting, Management Accounting and Financial Management. |
| 2. Cost Ascertainment | (a) Material Cost (i) Procurement procedures— Store procedures and documentation in respect of receipts and issue of stock, Stock verification (ii)Inventory control — Techniques of fixing of minimum, maximum and reorder levels, Economic Order Quantity, ABC classification; Stocktaking and perpetual inventory (iii) Inventory accounting (iv) Consumption — Identification with products of cost centres, Basis for consumption entries in financial accounts, Monitoring consumption. (b) Employee Cost (i) Attendance and payroll procedures, Overview of statutory requirements, Overtime, Idle time and Incentives (ii) Labour turnover (iii) Utilisation of labour, Direct and indirect labour, Charging of labour cost, Identifying labour hours with work orders or batches or capital jobs (iv) Efficiency rating procedures (v) Remuneration systems and incentive schemes. (c) Direct ExpensesSub-contracting — Control on material movements, Identification with the main product or service. (d) Overheads (i) Functional analysis — Factory, Administration, Selling, Distribution, Research and Development Behavioural analysis — Fixed, Variable, Semi variable and Step cost (ii) Factory Overheads — Primary distribution and secondary distribution, Criteria for choosing suitable basis for allotment, Capacity cost adjustments, Fixed absorption rates for absorbing overheads to products or services (iii) Administration overheads — Method of allocation to cost centres or products (iv) Selling and distribution overheads — Analysis and absorption of the expenses in products/customers, impact of marketing strategies, Cost effectiveness of various methods of sales promotion. |
| 3. Cost Book-keeping Cost | Ledgers—Non-integrated accounts, Integrated accounts, Reconciliation of cost and financial accounts |
| 4. Costing Systems | (a) Job Costing Job cost cards and databases, Collecting direct costs of each job, Attributing overhead costs to jobs, Applications of job costing (b) Batch Costing (c) Contract Costing Progress payments, Retention money, Escalation clause, Contract accounts, Accounting for material, Accounting for plant used in a contract, Contract profit and Balance sheet entries. (d) Process Costing Double entry book keeping, Process loss, Abnormal gains and losses, Equivalent units, Inter-process profit, Joint products and by products (e) Operating Costing System |
| 5. Introduction to Marginal Costing | Marginal costing compared with absorption costing Contribution Breakeven analysis and profit volume graph |
| 6. Introduction to Standard Costing | Various types of standards Setting of standards Basic concepts of material and Labour standards and variance analysis |
| 7. Budget and Budgetary Control | The budget manual Preparation and monitoring procedures Budget variances Flexible budget Preparation of functional budget for operating and non operating functions Cash budget Master budget Principal budget factors |
CA IPCC Paper 3 Finance Management
Check the topics and sub-topics included in Finance Management from the below mentioend table.
| CA IPCC Syllabus Paper 3 Finance Management | Details |
| 1. Scope and Objectives of Financial Management | (a) Meaning, Importance and Objectives (b) Conflicts in profit versus value maximisation principle (c) Role of Chief Financial Officer. |
| 2. Time Value of Money | Compounding and Discounting techniques— Concepts of Annuity and Perpetuity |
| 3. Financial Analysis and Planning | (a) Ratio Analysis for performance evaluation and financial health (b) Application of Ratio Analysis in decision making (c) Analysis of Cash Flow Statement. |
| 4. Financing Decisions | (a) Cost of Capital — Weighted average cost of capital and Marginal cost of capital (b) Capital Structure decisions — Capital structure patterns, Designing optimum capital structure, Constraints, Various capital structure theories (c) Business Risk and Financial Risk — Operating and financial leverage, Trading on Equity. |
| 5. Types of Financing | (a) Different sources of finance (b) Project financing — Intermediate and long term financing (c) Negotiating term loans with banks and financial institutions and appraisal thereof (d) Introduction to lease financing (e) Venture capital finance. |
| 6. Investment Decisions | (a) Purpose, Objective, Process (b) Understanding different types of projects (c) Techniques of Decision making: Non-discounted and Discounted Cash flow Approaches — Payback Period method, Accounting Rate of Return, Net Present Value, Internal Rate of Return, Modified Internal Rate of Return, Discounted Payback Period and Profitability Index (d) Ranking of competing projects, Ranking of projects with unequal lives. |
| 7.Management of Working Capital | (a) Working capital policies (b) Funds flow analysis (c) Inventory management (d) Receivables management (e) Payables management (f) Management of cash and marketable securities (g) Financing of working capital. |
CA IPCC Paper 4 Taxation
As per the syllabus of CA IPCC exam 2021, the topics covered under the paper of Taxation are classified as two sections such as income tax and indirect tax.
CA IPCC Paper 4 Income Tax
Get the complete details of CA IPCC Paper 3 Income Tax syllabus from the below mentioned table.
| S.No | Income Tax |
| 1 | Important definitions in the Income-tax Act, 1961 |
| 2 | Basis of charge; Rates of taxes applicable for different types of assessees |
| 3 | Concepts of previous year and assessment year |
| 4 | Residential status and scope of total income; Income deemed to be received / deemed to accrue or arise in India |
| 5 | Incomes which do not form part of total income (other than charitable trusts and institutions, political parties and electoral trusts) |
| 6 | Heads of income and the provisions governing computation of income under different heads |
| 7 | Income of other persons included in assessee’s total income |
| 8 | Aggregation of income; Set-off or carry forward and set-off of losses |
| 9 | Deductions from gross total income |
| 10 | Computation of total income and tax liability of individuals |
| 11 | Provisions concerning advance tax and tax deducted at source |
| 12 | Provisions for filing of return of income. |
CA IPCC Paper 3 Indirect Taxes
Get the complete details of CA IPCC Paper 3 Indirect Taxes syllabus from the below mentioned table.
| Indirect Taxes | Details |
| Concept of indirect taxes | (i) Concept and features of indirect taxes (ii) Principal indirect taxes |
| Goods and Services Tax (GST) Laws | (i) GST Laws: An introduction including Constitutional aspects (ii) Levy and collection of CGST and IGST a) Application of CGST/IGST law b) Concept of supply including composite and mixed supplies c) Charge of tax d) Exemption from tax e) Composition levy (iv) Basic concepts of time and value of supply (vi) Input tax credit (vii) Computation of GST liability (viii) Registration (ix) Tax invoice; Credit and Debit Notes; Electronic way bill (x) Returns (xi) Payment of tax including reverse charge |
Paper: 5 Advanced Accounting
As per CA IPCC syllabus 2021, the topics covered under the paper of Advanced Accounting are as follows:
| CA IPCC Advanced Accounting Syllabus | Details |
| 1. Framework for Preparation and Presentation of Financial Statements | – |
| 2. Accounting Standards Working knowledge | AS 4: Contingencies and Events occurring after the Balance Sheet Date AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies AS 11: The Effects of Changes in Foreign Exchange Rates (Revised 2003) AS 12: Accounting for Government Grants AS 16: Borrowing Costs AS 19: Leases AS 20: Earnings Per Share AS 26: Intangible Assets AS 29: Provisions, Contingent Liabilities and Contingent Assets. |
| 3. Advanced Issues in Partnership Accounts and Issues related to accounting in Limited Liability Partnerships | Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion into a company and Sale to a company. |
| 4. Company Accounts | (a) Accounting for employee stock option plan, Buy back of securities, Equity shares with differential rights, Underwriting of shares and debentures, Redemption of debentures (b) Advanced problems for business acquisition, Amalgamation and reconstruction (excluding problems of amalgamation of inter-company holding) (c) Accounting involved in liquidation of companies, Statement of Affairs (including deficiency/surplus accounts) and Iiquidator’s statement of account of the winding up (d) Financial Reporting of Insurance and Banking and legal and regulatory requirements thereof |
| 5. Accounting for Special Transactions | Departmental and branch accounts including foreign branches |
Paper 6 Auditing and Assurance
As per the syllabus of CA IPCC 2021 , the topics covered under the paper of Auditing and Assurance are as follows:
| S.No | Paper: 6 Auditing and Assurance |
| 1. | Auditing Concepts ─ Nature and limitations of Auditing, Basic Principles governing an audit, Ethical principles and concept of Auditor’s Independence, Relationship of auditing with other disciplines. |
| 2. | Standards on Auditing and Guidance Notes ─ Overview, Standard-setting process, Role of International Auditing and Assurance Standards Board, Standards on Auditing issued by the ICAI; Guidance Note(s) on ─ Audit of Fixed Assets, Audit of Inventories, Audit of Investments, Audit of Debtors, Loans and Advances, Audit of Cash and Bank Balances, Audit 4 of Miscellaneous Expenditure, Audit of Liabilities, Audit of Revenue, Audit of Expenses and provision for proposed dividends. |
| 3. | Auditing engagement ─ Audit planning, Audit programme, Control of quality of audit work ─ Delegation and supervision of audit work. |
| 4. | Documentation ─ Audit working papers, Audit files: Permanent and current audit files, Ownership and custody of working papers. |
| 5. | Audit evidence ─ Audit procedures for obtaining evidence, Sources of evidence, Reliability of audit evidence, Methods of obtaining audit evidence ─ Physical verification, Documentation, Direct confirmation, Re-computation, Analytical review techniques, Representation by management, Obtaining certificate. |
| 6. | Internal Control ─ Elements of internal control, Review and documentation, Evaluation of internal control system, Internal control questionnaire, Internal control check list, Tests of control, Application of concept of materiality and audit risk, Concept of internal audit. |
| 7. | Internal Control and Computerized Environment, Approaches to Auditing in Computerised Environment. |
| 8. | Auditing Sampling ─ Types of sampling, Test checking, Techniques of test checks. |
| 9. | Analytical review procedures. |
| 10 | Audit of payments ─ General considerations, Wages, Capital expenditure, Other payments and expenses, Petty cash payments, Bank payments, Bank reconciliation |
| 11. | Audit of receipts ─ General considerations, Cash sales, Receipts from debtors, Other Receipts. |
| 12. | Audit of Purchases ─ Vouching cash and credit purchases, Forward purchases, Purchase returns, Allowance received from suppliers. |
| 13. | Audit of Sales ─ Vouching of cash and credit sales, Goods on consignment, Sale on approval basis, Sale under hire-purchase agreement, Returnable containers, Various types of allowances given to customers, Sale returns. |
| 14. | Audit of suppliers’ ledger and the debtors’ ledger ─ Self-balancing and the sectional balancing system, Total or control accounts, Confirmatory statements from credit customers and suppliers, Provision for bad and doubtful debts, Writing off of bad debts. |
| 15. | Audit of impersonal ledger ─ Capital expenditure, deferred revenue expenditure and revenue expenditure, Outstanding expenses and income, Repairs and renewals, Distinction between reserves and provisions, Implications of change in the basis of accounting. |
| 16. | Audit of assets and liabilities. |
| 17. | Company Audit ─ Audit of Shares, Eligibility, Qualifications and Disqualifications of Auditors, Appointment of auditors, Removal of auditors, Remuneration of Auditors, Powers 5 and duties of auditors, Branch audit , Joint audit , Reporting requirements under the Companies Act,2013, Other Important Provisions under the Companies Act, 2013 relating to Audit and Auditors and Rules made thereunder. |
| 18. | Audit Report ─ Qualifications, Disclaimers, Adverse opinion, Disclosures, Reports and certificates. |
| 19. | Special points in audit of different types of undertakings, i.e., Educational institutions, Hotels, Clubs, Hospitals, Hire-purchase and leasing companies (excluding banks, electricity companies, cooperative societies, and insurance companies). |
| 20. | Features and basic principles of government audit, Local bodies and not-for-profit organizations, Comptroller and Auditor General and its constitutional role. |
Paper: 7 Information Technology and Strategic Management
As per the syllabus of CA IPCC exam 2021, the topics covered under the paper of Information Technology and Strategic Management are classified into two categories.
IPCC Paper 7 Information Technology
| Information Technology Syllabus | Details |
| Business Process Management & IT | Introduction to various Business processes – Accounting, Finances, Sale, Purchase etc. Business Process Automation – Benefits & Risks, Approach to mapping systems: Entity Diagrams Data Flow Diagrams Systems Flow diagrams, Decision Trees/tables, Accounting systems vs. Value chain automation Information as a business asset Impact of IT on business processes Business Risks of failure of IT Business Process Re-engineering |
| 2. Information Systems and IT Fundamentals | Understand importance of IT in business and relevance to Audit with case studies Understand working of computers and networks in business process automation from business information perspective Concepts of Computing (Definition provided by ACM/IEEE and overview of related terminologies) Overview of IS Layers – Applications DBMS, systems software, hardware, networks & links and people Overview of Information Systems life cycle and key phases Computing Technologies & Hardware – Servers, end points, popular computing architectures, emerging computing architectures & delivery models – example: SaaS, Cloud Computing, Mobile computing, etc., Example: Overview of latest devices/technologies – i5, Bluetooth, Tablet, Wi-Fi, Android, Touchpad, iPad, iPod, Laptop, Notebook, Smartphone, Ultra- Mobile PC etc. |
| 3. Telecommunication and Networks | Fundamentals of telecommunication Components and functions of Telecommunication Systems Data networks – types of architecture, LAN, WAN, Wireless, private and public networks etc., Overview of computing architectures – centralized, de-centralized, mainframe, client-server, thin-thick client etc. Network Fundamentals – Components, Standards and protocols Network risks & controls – VPN, Encryption, Secure protocols Network administration and management – concepts and issues How information systems are facilitated through telecommunications How Internet works, Internet architecture, key concepts, risks and controls, e-Commerce and M-commerce technologies |
| 4. Business Information Systems | Information Systems and their role in businesses IT as a business enabler & driver – ERP Core Banking System CRM SCM HRMS Payment Mechanisms The relationship between organizations, information systems and business processes Accounting Information Systems and linkages to Operational systems, Business Reporting, MIS & IT. Organization Roles & responsibilities and table or authorities Importance of access controls, privilege controls Specialized systems – MIS DSS Business Intelligence, Expert Systems Artificial Intelligence Knowledge Management systems etc. |
| 5. Business Process Automation through Application software: | Business Applications – overview and types Business Process Automation, relevant controls and information systems Information Processing & Delivery channels and their role in Information Systems Key types of Application Controls and their need Emerging concepts – Virtualization Grid Computing Cloud delivery mod |
IPCC Paper 7 Strategic Management
| Strategic Management | Subtopics of Strategic Management |
| Business Environment | General Environment ─ Demographic, Socio-cultural, Macro-economic, Legal/political, Technological, and Global; Competitive Environment. |
| Business Policy and Strategic Management | Meaning and nature; Strategic management imperative; Vision, Mission and Objectives; Strategic levels in organizations. |
| 3. Strategic Analysis | Situational Analysis – SWOT Analysis, TOWS Matrix, Portfolio Analysis ─ BCG Matrix. |
| 4. Strategic Planning | Meaning, stages, alternatives, strategy formulation. |
| 5. Formulation of Functional Strategy | Marketing strategy, Financial strategy, Production strategy, Logistics strategy, Human resource strategy. |
| 6. Strategy Implementation and Control | Organizational structures; Establishing strategic business units; Establishing profit centers by business, product or service, market segment or customer; Leadership and behavioural challenges. |
| 7. Reaching Strategic Edge | Business Process Reengineering, Benchmarking, Total Quality Management, Six Sigma, Contemporary Strategic Issues. |
Form Start Date:
26 Mar 2023
Form End Date:
30 Mar 2023
The last date to submit the form was on 30 Mar 2023
Browse Other ExamsExamination Date (Online):
15 May - 30 May 2023
Application Fees:
₹ 1,500
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