Section

Content / Topics

Official Weightage

I

Process of formulation of Accounting Standards (including Ind AS / IFRS converged standards); Convergence vs Adoption; Carve-outs. Framework for Preparation & Presentation of Financial Statements. Application of all 29 AS (AS 1 to AS 29) — including Amalgamations (AS 14), CFS (AS 21), Investment in Associates (AS 23), Joint Ventures (AS 27), Impairment (AS 28), Provisions (AS 29), etc.

55%–65%

II

Company Accounts — Schedule III (Division I), Statement of P&L, Balance Sheet, Cash Flow Statement, Buyback of Securities, Accounting for Reconstruction of Companies.

30%–35%

III

Accounting for Branches including Foreign Branches.

5%–10%

Section

Content / Topics

Official Weightage

I

Companies Act 2013: Preliminary; Incorporation & Matters Incidental Thereto; Prospectus & Allotment of Securities; Share Capital & Debentures.

20%–30%

II

Companies Act 2013: Acceptance of Deposits; Registration of Charges; Management & Administration.

20%–30%

III

Companies Act 2013: Declaration & Payment of Dividend; Accounts of Companies; Audit & Auditors; Companies Incorporated Outside India.

30%–35%

IV

The Limited Liability Partnership Act, 2008 including important Rules.

15%–20%

Section

Content / Topics

Official Weightage

I

The General Clauses Act, 1897 — Important Definitions, Extent & Applicability, General Rules of Construction, Powers & Functionaries, Provisions as to Orders, Rules etc.

35%–40%

II

Interpretation of Statutes — Rules of Interpretation, Aids to Interpretation, Rules of Interpretation/Construction of Deeds and Documents.

25%–30%

III

The Foreign Exchange Management Act, 1999 — Significant definitions and concepts of Current & Capital Account Transactions.

30%–40%

Section

Content / Topics

Official Weightage

I

Basic Concepts (Person, Assessee, PY, AY, Income, Agricultural Income, Basis of Charge, Computation procedure for individuals); Residential Status & Scope of Total Income.

10%–20%

II

Heads of Income — Salaries, Income from House Property, Profits & Gains from Business or Profession, Capital Gains, Income from Other Sources.

25%–30%

III

Clubbing of Income; Set-off or Carry Forward and Set-off of Losses; Deductions from Gross Total Income.

15%–20%

IV

Advance Tax; Tax Deduction at Source (TDS) & Tax Collection at Source (TCS); Filing of Return of Income and Self-Assessment.

15%–20%

V

Computation of Total Income & Tax Payable under Alternative Tax Regimes (Old vs New Regime) to optimise tax liability.

20%–25%

Section

Content / Topics

Official Weightage

I

GST Laws: An Introduction including Constitutional aspects.

0%–5%

II

Levy & Collection of CGST and IGST — Application of law; Concept of Supply (composite & mixed); Charge of tax including Reverse Charge; Exemptions; Composition Levy. Basic concepts: Classification, Place of Supply, Time of Supply, Value of Supply, Input Tax Credit (ITC). Computation of GST Liability.

50%–80%

III

Registration; Tax Invoice, Credit & Debit Notes, E-Way Bill; Accounts & Records; Payment of Tax; Returns.

20%–45%

Section

Content / Topics

Official Weightage

I

Overview of Cost & Management Accounting — Objectives, Scope, Users, Role of Cost Dept, Installation of Costing System, Cost Terms & Concepts, Cost Reduction & Control, Elements of Costs, Cost Behaviour (Fixed/Variable/Semi-Variable), Methods & Techniques of Costing, Digital Costing. Elements of Cost & Preparation of Cost Sheets for Manufacturing & Service sectors.

10%–15%

II

Ascertainment of Cost & Cost Accounting System — Material Cost (Procurement, Valuation, EOQ, ABC/FSN/HML/VED/JIT, Inventory Control, Digital Inventory); Employee Cost (Payroll, Elements of Wages, Turnover, Incentive Schemes — Halsey & Rowan Plans); Direct Expenses; Overheads (Factory, Admin, Selling & Distribution, R&D — Allocation, Apportionment & Absorption); Activity-Based Costing (ABC); Integration of Cost & Financial Data (Reconciliation of Profit).

35%–40%

III

Methods of Costing — Single/Unit Costing; Job Costing; Batch Costing; Process Costing (Process Loss, Equivalent Units, Inter-process Profit, Joint Products & By-Products); Service Sector Costing.

20%–50%

IV

Cost Control & Analysis — Standard Costing (Setting Standards, Material/Labour/Overhead Variances, Reconciliation); Marginal Costing (Contribution, BEP, CVP Analysis, P/V Ratio, Margin of Safety, Make or Buy, Limiting Factor, Discontinuation); Budgeting & Budgetary Control (Functional & Cash Budgets, Flexible Budget, ZBB, Performance Budget).

25%–30%

Section

Content / Topics

Official Weightage

I

Nature, Objective & Scope of Audit; Auditing Concepts; Inherent Limitations; Relationship with other disciplines. (SA 200)

4%–6%

II

Audit Strategy, Audit Planning & Audit Programme; Preliminary engagement activities; Client continuance; Overall audit strategy; Audit plan & programme. (SA 300)

8%–12%

III

Risk Assessment & Internal Control — Audit Risk, Risk of Material Misstatement, Detection Risk, Materiality (SA 320), Identifying & Assessing RMM (SA 315), Digital Audit, IT-related Risks, Automated Controls, Data Analytics. (SA 330 overview)

8%–12%

IV

Audit Evidence — Meaning, Relevance & Reliability, Assertions, Test of Controls, Substantive Procedures, SA 500, SA 501, SA 505, SA 530 (Audit Sampling), SA 610 (Using Internal Auditors); Internal Financial Controls.

15%–20%

V

Audit in an Automated Environment; Completion & Review — Written Representations (SA 580), Subsequent Events (SA 560), Going Concern (SA 570), Overall Review of Financial Statements.

10%–15%

VI

Audit Reports — Types, Elements; Forming an Opinion; Modified Opinions; Emphasis of Matter; Other Matter paragraphs (SA 700, SA 705, SA 706).

15%–20%

VII

Special Features of Audit of Different Types of Entities — Audit of Banks, NBFCs, Government entities, Co-operative Societies, Partnership Firms.

15%–20%

VIII

Ethics & Code of Conduct — ICAI Code of Ethics, Fundamental Principles, Independence requirements, Threats & Safeguards, Ethical issues in professional practice.

15%–20%

Section

Content / Topics

Official Weightage

I

Scope & Objectives of Financial Management; Role of FM in an organisation; Financial Distress and Insolvency; Time Value of Money.

10%–15%

II

Types of Financing — Long-term, Short-term, Hybrid; Sources of Finance (Equity, Preference, Debentures, Term Loans, Lease Finance, Venture Capital, Angel Investors, IPO, Rights Issue); Concept of Cost of Capital, WACC.

20%–30%

III

Capital Structure — Theories, Leverages (Operating, Financial, Combined), EBIT-EPS Analysis, Indifference Point, Capital Structure Planning.

15%–20%

IV

Capital Budgeting — Methods: Payback, ARR, NPV, IRR, MIRR, PI; Capital Rationing; Risk Analysis in Capital Budgeting (Sensitivity, Scenario Analysis).

20%–30%

V

Dividend Policy — Theories (Walter, Gordon, MM), Types of Dividend, Determinants; Working Capital Management — Concepts, Estimation of Working Capital, Cash Management, Receivables, Inventory Management.

20%–30%

Section

Content / Topics

Official Weightage

I

Introduction to Strategic Management — Concept, Nature, Importance, Process of Strategy; Mission, Vision, Objectives, Goals, Core Competencies; Strategic Decision-making.

10%–15%

II

Strategic Analysis — Analysing Company's External Environment (PESTLE, Porter's Five Forces); Internal Analysis (Value Chain, Resource-based View, SWOT); Strategic Competitive Advantage.

25%–30%

III

Strategic Planning — Business-Level Strategies (Cost Leadership, Differentiation, Focus); Corporate-Level Strategies (Growth, Stability, Retrenchment); Portfolio Analysis (BCG Matrix, GE Matrix); Global Strategies.

25%–30%

IV

Strategy Implementation — Organisational Structure & Design; Strategic Control; Leadership & Change Management; Digital Strategy; Balanced Scorecard.

25%–30%

V

Strategic Issues in specific contexts — Entrepreneurship, Innovation & Start-ups; Strategic Alliance, Mergers & Acquisitions; Sustainability & CSR.

10%–15%