CA IPCC Important Topics Nov 2016 Group 1 & Group 2

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

AS 7: Construction Contracts5 Marks
AS 10: Fixed Assets5 Marks
Partnership Accounts16 Marks
Amalgamation16 Marks
Cash Flow Statement8 Marks
Investment Accounts8 Marks
Average Due Date4 Marks
Hire Purchase4 Marks
AS 2: Valuation of Inventories4 Marks

Company Law Important Topics for Nov 2016

Objects Clause of Memorandum6 Marks
One Person Company6 Marks
Public Financial Institutions5 Marks
Red Herring Vs Shelf Prospectus6 Marks
Misstatement in Prospectus6 Marks
Acceptance of Deposits8 Marks
Debentures6 Marks
Buy Back of Shares8 Marks
Private Placement of Shares6 Marks
Securities Premium5 Marks
Voting through Postal Ballot5 Marks
General Meeting Notice4 Marks
Chairman Powers in a Meeting4 Marks

Communication Important Topics Nov 2016

Process of Communication7 Marks
Merits of Oral Communication5 Marks
Formal Vs Informal Communication8 Marks
Grapevine Chains5 Marks
Barriers to Communication5 Marks
Tips for Improving Inter Personal Communication4 Marks
Importance of Active listening4 Marks
Emotional Intelligence5 Marks
Group Conflicts4 Marks
Negotiation Techniques5 Marks
Guidelines to handle Communication Ethical Dilemmas5 Marks
Elements which can influence an organisation culture4 Marks
Draft General Meeting Notice6 Marks
Components of a Partnership deed5 Marks
Draft a Power of Attorney5 Marks
Draft a Gift Deed4 Marks

Ethics Important Questions 2016

Business Trusteeship5 Marks
Fundamental principles relating to ethics4 Marks
Corporate Social Responsibility5 Marks
Different committees in Corporate Governance5 Marks
How CSR minimises ecological damage4 Marks
Factors that influence ethical behaviour at work4 Marks
Discrimination in an organisation4 Marks
Managing Ethics and preventing whistle blowing5 Marks
Acid Rain4 Marks
Ecological Ethics and Green Accounting5 Marks
Consumer in Personal use Vs Commercial use5 Marks
Central Consumer Protection Council4 Marks
Threats faced by Accounting professional4 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.
Overheads8 Marks
Marginal Costing8 Marks
Contract Costing8 Marks
Materials5 Marks
Labour Theory4 Marks
Investment Decisions8 Marks
Financial Risk8 Marks
Ratios5 Marks
Funds Flow8 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.
Tax Important Topics Chapters

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 230Audit Documentation
SA 330Auditor’s Response to Risks
SA 450Evaluation of Misstatements
SA 505External Confirmations
SA 520Analytical Procedures
SA 610Using Internal Auditors work
SA 710Comparative Information

Information Technology Imp Topics:

1Business Process Re-engineering5 Marks
1Organisational Vs Operational Processes4 Marks
1Business Process Automation5 Marks
2Risks of IT4 Marks
2RISC Vs CISC5 Marks
2Relational Vs Network Database Model4 Marks
2Functions of an Operating System5 Marks
3LAN Vs WAN4 Marks
3Star Vs Ring Networks4 Marks
3Network Interface Card, Modem, Bridge, Router4 Marks
3N-Tier Architecture5 Marks
3OSI Model6 Marks
3Network Vulnerability4 Marks
3Firewall and its techniques5 Marks
3Five Rules of Extranet4 Marks
3Benefits and Risks of E-Commerce5 Marks
4Office Automation Systems4 Marks
4Management Information Systems5 Marks
4Customer Relationship Management4 Marks
4Expert Systems4 Marks
5Types of Business Applications4 Marks
5BPA Controls5 Marks
5Grid Computing4 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.
1Demographic Environment4 Marks
1PESTLE Analysis5 Marks
1Ethnic Mix4 Marks
1Porter 5 Forces Model5 Marks
1Globalisation5 Marks
2Mission Vs Vision4 Marks
2Functions of an Operating System5 Marks
2Benefits of Corporate Strategy4 Marks
2SWOT Analysis4 Marks
3Triggers of Change5 Marks
3Strategic Analysis5 Marks
3General Electric Model5 Marks
3Portfolio Analysis4 Marks
4Cost Leadership Vs Differentiation Strategies5 Marks
4Divestment Strategy4 Marks
4Turnaround Strategy5 Marks
5Marketing Mix5 Marks
5Production Strategy Formulation5 Marks
5R&D Strategy4 Marks
6Issues in Strategy Implementation5 Marks
6SBU Structure and Core Competence4 Marks
6Value Chain and Linkages5 Marks
6Leadership Role in Strategy Implementation4 Marks
7Total Quality Management5 Marks
7TQM Guidelines4 Marks