Additional topics to be studied by Final (Old)
course students in Final (New) course
Paper 1: Financial Reporting
1. Market value added, Shareholders’ value
added;
2. Inflation accounting;
3. Overview of IAS, IFRS IFRIC, Significant
difference vis-à-vis Indian Accounting
Standards, understanding of US GAAP,
Application of IFRS and US GAAP*
4. Brand valuation;
5. Valuation of liabilities.
* The topic “Comparative study of basic concepts
of International Accounting Standards, US GAAPs
and Standards in India” was covered in the
curriculum of Final (Old) Course
Following topics need not be studied by Final
(Old) course students in Final (New)course
examination
Paper 1: Financial Reporting
- Accounting for not-for-profit organizations
- Environmental Accounting
- Corporate Social Reporting
added
Paper 2: Strategic Financial Management
1. Financial Policy and Corporate Strategy
deleted
Paper 2: Strategic Financial Management
- Special problems relating to financing
and management of Small and Medium
Enterprises
- Foreign Collaborations and Joint Ventures
- Special Features of Financial Management
in Public Sector Undertakings
Paper 3: Advanced Auditing and Professional
Ethics
1. Consolidated Financial Statements
2. Sarbanes Oxley Act (SOX
Paper 4: Corporate and Allied Laws
1. Company Law:
Dividend
2. Allied Laws:
Overview of the following Acts :
The Banking Regulation Act, 1949,
The Insurance Act, 1938,
The Insurance Regulatory and Development
Authority Act, 1999
The Securitisation and Reconstruction of
Financial Assets and Enforcement of Security
Interest Act, 2002
The Prevention of Money Laundering Act,
Paper 7: Direct Tax Laws
1. Inter-relationship between accounting and
taxation; and
2. Ethics in taxation
Paper 8: Indirect Tax Laws
1. Inter-relationship between accounting and
taxation;
2. Ethics in taxation;
3. Value Added Tax
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