Our team of faculties consist the professionals with proven track record from various field (CA/CS/CMA/LLB/IT Proffesional)
We kept our Batch Size quite rational so that individual attention can be given on one to one basis. Special arrangement for students on article ship or on job otherwise.
Class notes customized with ICAI Study-material is provided online as well as offline.
This may not be very important from examination point of view but it will prepare you for post-exam real world scenario.
Daily Class Test followed with periodical test to equipped the student for examination hall.
Life time access to 24*7 student support login on our portal for their doubts and other clarification.
|Paper Title||Faculty Name||No. of Classes|
|CA Intermediate(IPCC) GroupI – Paper 1||Faculty Name||20 Classes|
|Intermediate Course Paper 1: Accounting (100 Marks)|
|I||20%-25%||1. Process of formulation of Accounting Standards including Ind AS (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve outs.|
|2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)|
|3. Application of Accounting Standards:|
|AS 1 : Disclosure of Accounting Policies|
|AS 2 : Valuation of Inventories|
|AS 3 : Cash Flow Statements|
|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 10: Property, Plant and Equipment|
|AS 11: The Effects of Changes in Foreign Exchange Rates|
|AS 12: Accounting for Government Grants|
|AS 13 : Accounting for Investments|
|AS 16 : Borrowing Costs|
|AS 17: Segment Reporting|
|AS 22: Accounting for Taxes on Income|
|II||25% -30%||4. Company Accounts:|
|(i) Preparation of financial statements – Statement of Profit and Loss, Balance Sheet and Cash Flow Statement;|
|(ii) Managerial Remuneration;|
|(iii) Accounting for tax: Concept of deferred tax asset and deferred tax liability in line with AS 22 “Accounting for Taxes”;|
|(iv)Profit (Loss) prior to incorporation;|
|(v) Accounting for bonus issue and right issue;|
|(vi)Redemption of preference shares;|
|(vii) Redemption of debentures.|
|III||30% -35%||5. Accounting for Special Transactions:|
|(ii) Insurance claims for loss of stock and loss of profit;|
|(iii) Hire – purchase and Instalment Sale Transactions.|
|6. Special Type of Accounting:|
|(i) Departmental Accounting;|
|(ii) Accounting for Branches including foreign branches;|
|(iii) Accounts from Incomplete Records.|
|IV||15%-20%||7. Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.|