AMENDMENTS APPLICABLE FOR IPCC NOV 2015 IN SIMPLE LANGUAGE

AMENDMENTS APPLICABLE FOR IPCC NOV 2015 IN SIMPLE LANGUAGE

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Amendments applicable for IPCC Nov 2015
Paper 1 : Accounts Chapter Name – Following chapter is added from may 15
Financial Statements of Companies
  • Meaning of company
  • Books of accounts to be maintained at registered office.
  • List of statuary books to be maintained.
  • Annual Return of company
  • Schedule III of companies Act, 2013
  • Managerial remuneration
  • Dividend
Other small topics to be added from this attempt
Note 1 :– All the above mentioned topics are amended as per new Companies Act, 2013.
Note 2:- Please note that the Schedule III is exactly same as Schedule VI of companies act, 1956 only the name have been changed.
Chapter name – Accounting for Bonus Issue
Section 63 of Companies Act, 2013 related to issue of bonus shares have been ammended
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Amendments applicable for IPCC Nov 2015 Paper 2 : Law, Ethics & Communication –
additional sections in Companies Act, 2013 which are notified by MCA i.e. Section 1-122 are applicable for May 2015 Onwards syllabus .
Note:Its better to buy new book for company law.
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Amendments applicable for IPCC Nov 2015 Paper 3 : Cost & FM – No change
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Amendments applicable for IPCC Nov 2015 Paper 4 : Taxation –the changes will be as per finance act 2015, we will provide you the same very shortly
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Amendments applicable for IPCC Nov 2015 Paper 5 : Advance Accounts –
Exclusion from the CA syllabus Intermediate (IPCC) Paper 5 : Advanced Accounting
  • Financial Reporting of Electricity Companies
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Amendments applicable for IPCC Nov 2015 Paper 6 : Auditing –There are just slight changes in Company Audit 1 and 2 chapter, which you can find in RTP which will be out soon
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Amendments applicable for IPCC Nov 2015 Paper 7 : IT & SM –No changes as of now, Still check RTP for more changes and cross check amendments given above.
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OFFICIAL ICAI ANNOUNCEMENT :-

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