These Important Topics will cover at least 50% of the total syllabus. Students must note that, these important topics are to be given order of importance while studying for exams and we recommend not to leave out any topics.
For Practical subjects, important chapters are provided and listed out based on their marks weightage.
Accounts Important Topics Nov 2016
| Topic | Weightage |
| AS 7: Construction Contracts | 5 Marks |
| AS 10: Fixed Assets | 5 Marks |
| Partnership Accounts | 16 Marks |
| Amalgamation | 16 Marks |
| Cash Flow Statement | 8 Marks |
| Investment Accounts | 8 Marks |
| Average Due Date | 4 Marks |
| Hire Purchase | 4 Marks |
| AS 2: Valuation of Inventories | 4 Marks |
Company Law Important Topics for Nov 2016
| Topic | Weightage |
| Objects Clause of Memorandum | 6 Marks |
| One Person Company | 6 Marks |
| Public Financial Institutions | 5 Marks |
| Red Herring Vs Shelf Prospectus | 6 Marks |
| Misstatement in Prospectus | 6 Marks |
| Acceptance of Deposits | 8 Marks |
| Debentures | 6 Marks |
| Buy Back of Shares | 8 Marks |
| Private Placement of Shares | 6 Marks |
| Securities Premium | 5 Marks |
| Voting through Postal Ballot | 5 Marks |
| General Meeting Notice | 4 Marks |
| Chairman Powers in a Meeting | 4 Marks |
Communication Important Topics Nov 2016
| Topic | Weightage |
| Process of Communication | 7 Marks |
| Merits of Oral Communication | 5 Marks |
| Formal Vs Informal Communication | 8 Marks |
| Grapevine Chains | 5 Marks |
| Barriers to Communication | 5 Marks |
| Tips for Improving Inter Personal Communication | 4 Marks |
| Importance of Active listening | 4 Marks |
| Emotional Intelligence | 5 Marks |
| Group Conflicts | 4 Marks |
| Negotiation Techniques | 5 Marks |
| Guidelines to handle Communication Ethical Dilemmas | 5 Marks |
| Elements which can influence an organisation culture | 4 Marks |
| Draft General Meeting Notice | 6 Marks |
| Components of a Partnership deed | 5 Marks |
| Draft a Power of Attorney | 5 Marks |
| Draft a Gift Deed | 4 Marks |
Ethics Important Questions 2016
| Topic | Weightage |
| Business Trusteeship | 5 Marks |
| Fundamental principles relating to ethics | 4 Marks |
| Corporate Social Responsibility | 5 Marks |
| Different committees in Corporate Governance | 5 Marks |
| How CSR minimises ecological damage | 4 Marks |
| Factors that influence ethical behaviour at work | 4 Marks |
| Discrimination in an organisation | 4 Marks |
| Managing Ethics and preventing whistle blowing | 5 Marks |
| Acid Rain | 4 Marks |
| Ecological Ethics and Green Accounting | 5 Marks |
| Consumer in Personal use Vs Commercial use | 5 Marks |
| Central Consumer Protection Council | 4 Marks |
| Threats faced by Accounting professional | 4 Marks |
Costing FM Important Chapters Nov 2016
The trick to score good marks in Costing and Financial Management paper is that, you need to practice as many as problems on book. Toppers have specifically stated that, Practice Manual is the best book to prepare Costing and FM.
Spend more time on high scoring chapters like Marginal Costing and Overheads.
| Topic | Weightage |
| Overheads | 8 Marks |
| Marginal Costing | 8 Marks |
| Contract Costing | 8 Marks |
| Materials | 5 Marks |
| Labour Theory | 4 Marks |
| Investment Decisions | 8 Marks |
| Financial Risk | 8 Marks |
| Ratios | 5 Marks |
| Funds Flow | 8 Marks |
Tax Important Topics Nov 2016
Tax is a very tricky paper in the entire first group of IPCC. It is also one of the most time consuming paper during exam preparation. Students are recommended to first concentrate on Indirect Taxes portion, as it a high scoring part with very less preparation time.
Start with
Central Excise and then move on to VAT. We would recommend ICAI Practice Manual for this.
In the
Direct Taxes part, start with Salaries chapter and then study Residential Status and Scope of Total Income. Then move on to Income from House Property and then Capital Gains.
Auditing Important Topics
Auditing is such paper, where everything looks easy on book, but, once you appear in the exam, the exam paper looks quite difficult to write down. All Auditing needs is a little bit of vocabulary and knowledge in Auditing Standards.
Important Auditing Standards
| SA 230 | Audit Documentation |
| SA 330 | Auditor’s Response to Risks |
| SA 450 | Evaluation of Misstatements |
| SA 505 | External Confirmations |
| SA 520 | Analytical Procedures |
| SA 610 | Using Internal Auditors work |
| SA 710 | Comparative Information |
Information Technology Imp Topics:
| Ch. | Topic | Marks |
| 1 | Business Process Re-engineering | 5 Marks |
| 1 | Organisational Vs Operational Processes | 4 Marks |
| 1 | Business Process Automation | 5 Marks |
| 2 | Risks of IT | 4 Marks |
| 2 | RISC Vs CISC | 5 Marks |
| 2 | Relational Vs Network Database Model | 4 Marks |
| 2 | Functions of an Operating System | 5 Marks |
| 3 | LAN Vs WAN | 4 Marks |
| 3 | Star Vs Ring Networks | 4 Marks |
| 3 | Network Interface Card, Modem, Bridge, Router | 4 Marks |
| 3 | N-Tier Architecture | 5 Marks |
| 3 | OSI Model | 6 Marks |
| 3 | Network Vulnerability | 4 Marks |
| 3 | Firewall and its techniques | 5 Marks |
| 3 | Five Rules of Extranet | 4 Marks |
| 3 | Benefits and Risks of E-Commerce | 5 Marks |
| 4 | Office Automation Systems | 4 Marks |
| 4 | Management Information Systems | 5 Marks |
| 4 | Customer Relationship Management | 4 Marks |
| 4 | Expert Systems | 4 Marks |
| 5 | Types of Business Applications | 4 Marks |
| 5 | BPA Controls | 5 Marks |
| 5 | Grid Computing | 4 Marks |
Strategic Management Imp Topics:
While preparing for Strategic Management Syllabus, students are advised to learn the practical aspects of the syllabus. Entire SM Question paper will be based on practical examples.
The first 2 chapters of SM contain only theory questions. From 3rd chapter, entire syllabus has practical importance and all questions are example based. Out of all the syllabus, Chapters 4 and 6 are very important.
For Strategic Management, Practice Manual is recommended for exam preparation as most of the questions are directly asked from this book only.
| Ch. | Topic | Marks |
| 1 | Demographic Environment | 4 Marks |
| 1 | PESTLE Analysis | 5 Marks |
| 1 | Ethnic Mix | 4 Marks |
| 1 | Porter 5 Forces Model | 5 Marks |
| 1 | Globalisation | 5 Marks |
| 2 | Mission Vs Vision | 4 Marks |
| 2 | Functions of an Operating System | 5 Marks |
| 2 | Benefits of Corporate Strategy | 4 Marks |
| 2 | SWOT Analysis | 4 Marks |
| 3 | Triggers of Change | 5 Marks |
| 3 | Strategic Analysis | 5 Marks |
| 3 | General Electric Model | 5 Marks |
| 3 | Portfolio Analysis | 4 Marks |
| 4 | Cost Leadership Vs Differentiation Strategies | 5 Marks |
| 4 | Divestment Strategy | 4 Marks |
| 4 | Turnaround Strategy | 5 Marks |
| 5 | Marketing Mix | 5 Marks |
| 5 | Production Strategy Formulation | 5 Marks |
| 5 | R&D Strategy | 4 Marks |
| 6 | Issues in Strategy Implementation | 5 Marks |
| 6 | SBU Structure and Core Competence | 4 Marks |
| 6 | Value Chain and Linkages | 5 Marks |
| 6 | Leadership Role in Strategy Implementation | 4 Marks |
| 7 | Total Quality Management | 5 Marks |
| 7 | DMAIC Vs DMADV | 5 Marks |
| 7 | TQM Guidelines | 4 Marks |
