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Self Placed Modules Section-wise Weightage - CA Final

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Self Placed Modules Section-wise Weightage - CA Final

SET A

Corporate and Economic Laws

Part 1 - Corporate Laws (70M)

Section A - Company Law (50M)

Contents Sections Weightage

The Companies Act, 2013 and Rules framed thereunder in its entirety with with specific reference to section 149 onwards:

  1. Appointment and Qualifications of Directors
  2. Appointment and Remuneration of Managerial Personnel
  3. Meetings of Board and its Powers
I 35% - 45%
  1. Inspection, Inquiry and Investigation
  2. Compromises, Arrangements and Amalgamations
  3. Prevention of Oppression and Mismanagement
II 25% - 30% 
  1. Winding Up
  2. Miscellaneous Provisions
  3. Adjudication, Special Courts, National Company Law Tribunal
III 30% - 35%
     10. E-filing* - -

* Since the question will be based on any of the chapters pertaining to the Companies Act, 2013, so no separate section-wise weightage is assigned to this chapter

 

SECTION B: SECURITIES LAWS (20 Marks)

Objective

To acquire the ability to analyse the significant provisions of the SEBI Act

Contents

Overview of the Securities Exchange Board of India Act, 1992, and brief references of following Regulations:

  1. SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015,
  2. SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018,
  3. SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011,
  4. SEBI (Prohibition of Insider Trading) Regulations,

Part II - Economic Laws (30M)

Contents Sections Weightage
  1. The Foreign Exchange Management Act, 1999 and significant Rules and Regulations: Introduction, Broad structure of FEMA,Definition, Regulation and Management of Foreign Exchange, Contraventions and Penalties in brief, Miscellaneous Provisions.
I 35% - 40%
2.  The Foreign Contribution Regulation Act, 2010 and its Regulation: Definitions, Regulation of Foreign Contribution and Miscellaneous Provisions. II 20% - 30%
3. The Insolvency and Bankruptcy Code, 2016 and significant Rules and Regulations: Significant concepts covered uptill section 33 of the Code. III 35% - 40%

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute.

The specific inclusions / exclusions in the various topics covered in the syllabus will be affected every year by way of study guidelines, if any.

 

 

SET B

Strategic Cost & Performance Management (100M)

Part A - Strategic Cost Management

1. An Introduction to Strategic Cost Management

  1. Managing Cost Strategically- Strategic Cost Management, Limitations of Traditional Cost Management, Traditional Strategic Cost Management
  2. Organisational Context- Gaining Competitive Advantage, Value Proposition, Osterwalder's Business Model Canvas
  3. External Environment Context- Industry Profitability, Basis of Competition, Industry Key Success Factors, Understanding Customers and Markets
  4. Information Technology the Strategic Context- IS/IT and Porter’s Five Forces, IT/IS and the Value Chain
  5. The Role of Management Accountant as a Leader- Communication, Decision Making, Business Ethics

2. Modern Business Environment

  1. Introduction/ Characteristics of the Modern Business Environment
  2. Quality to Business Excellence- Cost of Quality, Total Quality Management
  3. Supply Chain Management (SCM)
  4. Gain Sharing Arrangements
  5. Downsizing, Outsourcing and Offshoring

3. Lean System and Innovation

  1. Introduction to Lean System
    1. Just-in-Time (JIT)
    2. Kaizen Costing
    3. 5S
    4. Total Productive Maintenance (TPM)
    5. Cellular Manufacturing/ One-Piece Flow Production Systems
    6. Six Sigma (SS)
  2. Introduction to Process Innovation

4. Specialist Cost Management Techniques

  1. Cost Control/ Waste Control, Cost Reduction
  2. Target Costing
  3. Throughput Accounting and Theory of Constraints
  4. Life Cycle Costing
  5. Environment Management Accounting

5. Management of Cost Strategically for Emerging Business Models

  1. Changing Business Environment- Digital Technologies, Business Ecosystems, Hyper Competition, Transformation and Disruption, Advanced Manufacturing, Lean Start-up, Agile Organisations, Start-ups vs Incumbents, Intrapreneurship, Innovation Hubs and Incubators, Supply Chain Partnerships
  2. Business Models
    1. Hyper disruptive Business Models
    2. Models relevant to Sustainability
    3. Models relevant Emerging National Markets
  3. Strategic Responses to New Business Models

6. Strategic Revenue Management

  1. Decision Making Techniques
    1. CVP Analysis
    2. Relevant Cost Concepts
  2. Pricing Decisions
    1. Theory & Principles of Product Pricing
    2. Pricing –   New   Product,   Finished   Products,    Pricing   of Services, Emerging Business Models
    3. Sensitivity Analysis in Pricing Decisions
    4. Pricing Decision under Special Circumstances
    5. Ethical and Non-financial Considerations
  3. Pricing Strategies
    1. Pricing Strategies
    2. Kano’s performance attributes

7. Strategic Profit Management

  1. Operating Profit Analysis
  2. Activity Based Profitability Analysis, Activity Based Management (ABM), Activity Based Budgeting (ABB)
  3. Pareto Analysis

PART-B:  STRATEGIC PERFORMANCE MANAGEMENT

 

1. An Introduction to Strategic Performance Management

  1. Performance Management and Its link to Strategy
  2. Role of Performance Management in Business Integration using Models such as Value Chain and McKinsey’s 7S
  3. Influence of Organisation's Structure, Culture and Strategy on Performance Measurement
  4. Strategic Performance Issues in Complex Business Structures
  5. Behavioural Aspects
  6. Predicting and Preventing Corporate Failure

2.  Strategic Performance Measures in Private Sector

  1. Critical Success Factors and Link to Performance Measurement, Key Performance Indicators (KPI)
  2. Financial Measures- Gross Profit, ROCE, ROI, EPS, RI, NPV, EVA
  3. Non-Financial Performance Measures- Linkage between performance measures (Balanced Scorecard); Link Strategy, Operations and Performance (Performance Pyramid); Link between achievement of the corporate strategy and the management of human resources (The Building Block Model); Triple Bottom Line
  4. The role of quality in management information and performance measurement systems

3. Strategic Performance Measures in the Not-for-Profit Organisations

  1. Diversity in objectives, difficulties in measuring outputs
  2. ‘value for money’ service provision as a measure of performance in not-for-profit organisations and the public sector
  3. Adapted Balanced Scorecard

4. Preparation of Performance Reports

5. Divisional Transfer Pricing

  1. Meaning, Purpose & Principles of Transfer Pricing
  2. Methods of Transfer Pricing
  3. The Behavioural Consequences arising from Divisional Structures
  4. International Transfer Pricing

6. Standard Costing

  1. Analysis of Advanced Variances
  2. Integration of Standard Costing with Marginal Cost Accounting
  3. Reconciliation of Profit
  4. Variance Investigation Techniques, Interpretation of Variances, Possible Interdependence Between Variances and Reporting
  5. Behavioural Aspects of Standard Costing, Limitation of Standard Costing (including its use in the contemporary business environment)

 

Note – Assessment in this paper is by way of Case Scenario based MCQs. Part A and B carry equal Section-wise Weightage.

 

SET C

PAPER-1: RISK MANAGEMENT (100 MARKS)

Contents Sections Weightage
  1. Introduction & Overview
    1. Introduction to Risk & Uncertainty
    2. Classifications & Types of Risks
    3. Importance & Objectives
    4. Overview of Mitigation & Controls
    5. Opportunities in RM for CAs
I 10% - 13%
  1. Risk Strategy & Governance
    1. Risk Management Frameworks
    2. Implementation of Risk Management Polices & Processes
    3. Enterprise Risk and linkage to Business
    4. Governance & Ethical dimensions
    5. Legal, Regulatory & Compliance
II  10% - 12%
  1. Role of Risk Stakeholders
    1. Board Oversight
    2. Role of CEO, Management
    3. Role of Risk Managers, Owners
    4. Role of Auditors (Statutory/Internal)
III 10% - 12%
  1. Risk Assessment
    1. Risk Identification
    2. Risk Evaluation (Impact/Likelihood)
    3. Risk Quantification & Ratings
    4. RM Quantification Tools
    5. Risk Prioritization & Heat Matrix
IV 10% - 13%
  1. Risk Response
    1. Risk Appetite
    2. Risk Treatment Techniques
    3. Controlling Risk
    4. Contingency Planning
V 10 - 12%
  1. Risk Monitoring & Reporting
    1. Information & Communication
    2. Automation & Continuous Monitoring
    3. Auditing & Evaluating Risk
    4. Continuous & Periodic Reporting
VI 10 - 12%
  1. Strategic Risk
    1. Business Portfolio Risks
    2. Industry/Competition Risks
    3. Investments &    Funding     of Growth
    4. Product/Service Risks
VII 10 - 12% 
  1. Operational Risk
    1. Process level Risk Management
    2. Outsourcing Risks & 3rd Party Risk
    3. Supply Chain (Sale/ Purchase)
    4. Product/Service Quality etc.
VIII 10 - 12%
  1. Emerging Issues in ERM
    1. External Influences
    2. Global Developments
    3. Technology & Automation
IX 10 - 12%

 

Paper 2 - Sustainable Development and Sustainability Reporting (100M)

Contents Sections Weightage
  1. Fundamentals of Sustainable Development
    1. Origin
    2. Key terms
    3. Need for sustainability
    4. Decoding Sustainable Development
    5. Benefits of integrating sustainability in business
    6. State of sustainability in current business planning
I 10% - 15%
  1. Sustainability Reporting in India
    1. National Guidelines on Responsible Business Conduct, 2018 (NGRBC)
      • Background and Structure
      • Nine Principles of NGRBC
      • Linkage with the Sustainable Development Goals (SDGs)
    2. Sustainability Reporting Standards Board of ICAI
    3. Social Stock Exchange and Institute of Social Auditors of India
II 20% - 25%
  1. Business Responsibility and Sustainability Reporting (BRSR) in India
    1. Business Responsibility and Sustainability Report issued by Committee on Business Responsibility Reporting of Ministry of Corporate Affairs
    2. Securities Exchange Board of India (SEBI) Circular on Business Responsibility and Sustainability Reporting (BRSR)
    3. Business Responsibility and Sustainability Reporting (BRSR) Disclosures
    4. Sustainability Reporting Maturity Model (SRMM), ICAI
    5. Overview of Format of Business Responsibility and Sustainability Reporting (BRSR) Lite
III 20% - 25%
  1. Global Trends in Sustainability Reporting
    1. United Nations Sustainable Development Goals (UNSDG) and Reporting
      • Objective
      • Structure
      • The 17 Sustainable Development Goals (SDGs)
    2. Overview of Key Global Sustainability Reporting Standards and Frameworks
    3. International Sustainability Standards Board (ISSB) and overview of its Sustainability Reporting Standards
IV 20% - 25%
  1. Sustainability Assurance
    1. Overview of Assurance Standards on sustainability
    2. Types of Assurance: Limited Reasonable
V 15% - 25%

 

Paper 3 - Public Finance and Government Accounting

Contents Sections Weightage
1. Introduction to Government Functioning: Role and responsibilities of Central, State, Panchayati Raj Institution and Urban Local Bodies, Union-State- Local Government Fiscal Relations, Fiscal Federalism I 10%
2.   Constitutional Provisions and Related Authorities: 112. Annual financial statement. 113. Procedure in Parliament with respect to estimates. 114. Appropriation Bills. 115. Supplementary, additional, or excess grants. 116. Votes on account, votes of credit and exceptional grants. 117. Special provisions as to financial Bills, 148. Comptroller and Auditor-General of India. 149. Duties and powers of the Comptroller and Auditor- General. 150. Form of accounts of the Union and of the States 280. Finance Commission. 281. Recommendations of the Finance Commission. State Finance commission, CGA, Niti Aayog. II 10%
3. Public Finance Public Finance - Meaning, Importance, Scope and Categories, Fiscal/Budgetary functions, Distinction between Private and Public Finance, Public Finance & Economic System, Fiscal & Monetary Policies. III 10%

4. Public Revenue

Sources of Tax and Non-tax Revenue for Centre, States and Local Government, Efficiency and Equity in Tax Policy Design, Tax Policy and Tax Administration in India, Tax collection by Government- Union, State & Local Governments.
IV 10%

5. Budget: Budget Cycle: Planning, Preparation, Execution, Monitoring, how to interpret data from Budget document, Fiscal Deficit, Primary Deficit, Revenue and Effective Revenue Deficit.

V 10%

6. Public Debt/Bond: Meaning and Types of Public Debt, Burden of Public Debt, Principles of Public Debt Management, Debt Profile of the Union Government, Debt   servicing,Role of multilateral agencies.

VI 10%

7. Public Expenditure: Canons of Public Expenditure; Classification of Public Expenditure; Wagner’s Law of Public Expenditure; Public Expenditure as an Instrument of Fiscal Policy: PFM Structure -An Introduction and IT Intervention.

VII 10%

8. Union & State    Accounts: Constitutional Provisions, Structure of various ministries/departments of Government of India, Controller General of Accounts - Hierarchy and Functions, Structure of Government Accounts and Flow of Funds, Classification of Government Accounts - Consolidated Fund, Contingency Fund and Public Accounts, Classification of Government expenditure in India including introduction to chart of Accounts, Banking Arrangement, Bankers to the Government

VIII 10%

9. Urban Local Bodies: Introduction: - NMAM , National Municipal Asset Valuation Manual, State Municipal Accounts Manuals/Rules and ASLBs.

IX 10%

10. Standard Internal Control and Risk Management: Internal Control Systems in Government, Internal Audit, Outcome Budgeting & Reporting, Procurement Control, Asset Controls, Cash Controls, etc., Type of Audit – Role of CAG & PAC, Contingent liability, and Parliamentary Control, Brief Introduction of IGAS, IGFRS and IPSAS.

X 10%

 

Paper 4 - The Insolvency and Bankruptcy Code, 2016 (100M)

Contents Sections Weightage
The Insolvency and Bankruptcy Code, 2016 covering references of Significant Rules and Regulations:

1. Introduction covering Journey of development of Insolvency and Bankruptcy Code and its importance.

2. Preliminary: Relevant Definitions and application of the Code.

I 15% - 25%
3. Insolvency Resolutions and Liquidation for Corporate Persons: Corporate Insolvency Resolution Process, Liquidation Process, Pre-Packaged Insolvency Resolution Process, Fast Track Corporate Insolvency Resolution Process, Voluntary Liquidation of Corporate Persons, Adjudicating Authority for Corporate Persons. II 50% - 65%

4. Insolvency Resolution  and Bankruptcy for Individuals and Partnership Firms: Preliminary (Application & Definitions), Fresh Start Process, Insolvency Resolution Process, Bankruptcy Order for Individuals & Partnership Firms, Administration & Distribution of the Estate of the Bankrupt, Adjudicating Authority, Offences & Penalties.

5. Regulation of Insolvency Professionals, Agencies and Information Utilities: The Insolvency and Bankruptcy Board of India, Powers & Functions of the Board, Insolvency Professional Agencies, Insolvency Professionals, Information Utilities, Inspection & Investigation, Finance, Accounts & Audit

6. Miscellaneous provisions including Forms 1-6 filed for initiation of CIRP before the NCLT, lists of all rules and regulations under IBC.

III 15% - 30%
7. Significant Judicial Pronouncements under Insolvency and Bankruptcy Code, 2016.* IV -

* Since the question will be based on any of the chapters pertaining to the Code, so no separate section wise weightage is assigned to this chapter.

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute.

 

Paper 5 - International Taxation (100M)

Contents Sections Weightage
1. Background of International Taxation
  1. Genesis of international taxation
  2. International tax conflicts and double taxation
  3. Meaning of treaty
  4. Source rule v. Residence rule of taxation
2. Overview of the Income-tax Act, 1961
  1. Charge of income-taxand important definitions
  2. Residential Status and Control and Management
  3. Scope of total income
  4. Conceptof‘deemed accrual’- Section 9
  5. Business connection (including significant economic presence)

 

I 15% - 20%
3. Non-resident Taxation
  1. Categories of income and their taxability
  2. Withholding tax
  3. Return filing obligations of non residents
4. Taxation of E-Commerce Transactions (including Equalization levy)
II 20% - 25%
5. Double Taxation Relief
  1. Concept of double taxation and circumstances that give rise to double taxation
  2. The Concept of Tax Neutrality
  3. Types of Relief
  4. Tax Residency Certificate
  5. Treaty shopping
6. Model Tax Conventions
  1. Introduction – OECD and UN Model Tax Conventions
  2. Comparative analysis of some of the significant articles of OECD and UN Model Tax Conventions (with examples of India’s DTAAs with USA, Singapore, UK, UAE and Netherlands)
  3. Protocol to DTAAs (MFN Clause)
III 30% - 35%
7. Transfer Pricing
  1. (i)Introduction
  2. (ii)International transaction
  3. (iii)Associated Enterprises
  4. (iv)Specified domestic transaction
  5. (v)Arm’s-length price
  6. (vi)Computationofarm’s-length price
  7. (vii) Safe Harbour rules (SHRs)
  8. (viii) Overview of Advance Pricing Agreement
  9. (ix) Secondary Adjustment and Thin Capitalisation
  10. (x) Documentation and Compliances
IV 20% - 30%
8. Overview of BEPS
V 0% - 5%

Note: If any new legislation(s) are enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in the place of the existing legislation(s) with effect from the date to be notified by the Institute. Similarly, if any existing legislation(s) on direct tax laws ceases to be in force, the syllabus will accordingly exclude such legislation(s) with effect from the date to be notified by the Institute.

Further, the specific inclusions/exclusions in any topic covered in the syllabus will be effected by way of Study Guidelines every year, if required. Specific inclusions/exclusions in a topic may also arise due to additions/deletions made every year by the Annual Finance Act.

Paper 6 - The Arbitration and Conciliation Act, 1996 (100M)

Contents Sections Weightage
1. Introduction: Introduction to the various modes of Alternate Dispute Redressal Mechanism (ADRs). I 5% - 10%

2. Fundamentals of Arbitration: General provisions, Arbitration Agreement, Conduct of Arbitral Proceedings, Making of Arbitral Award and Termination of Proceedings, Recourse against Arbitral Award, Finality and Enforcement of Arbitral Awards.

II 45% - 55%

3. Enforcement of Certain Foreign Awards: Types of Arbitration, Arbitral Awards (Adhoc, Domestic and International Commercial Awards), Enforcement  of Foreign Awards (New York Convention Awards and Geneva Convention Awards).

III 15% - 25%

4. Conciliation: Difference between Arbitration and Conciliation, Commencement of Conciliation    Proceedings, Number of Conciliators, Appointment of Conciliators, Submission of statements to Conciliator, Conciliator not bound by certain Enactments, Role of Conciliator, Administrative Assistance, Communication between Conciliator and parties, Disclosure of Information

IV 20% - 25%

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations w ith effect from a date notified by the Institute.

 

Paper 7 - Forensic Accounting (100M)

Contents Sections Weightage
1 Background & Overview
  1. Brief overview & evolution of Forensic profession
  2. Increasing Importance of ForensicAccounting profession
  3. Legal&Regulatory ramifications
  4. Opportunities in Forensic Accounting for Chartered Accountants
I 5%
2 Introduction & Basic Concepts
  1. Meaning of Fraud, Forensics, ForensicAccounting, Investigations
  2. DifferencesbetweenAudit, Forensics & Investigations
  3. Roles&Responsibilitiesof Stakeholders
  4. Theories and Vulnerabilities of Fraud
  5. Introduction to Forensic Accounting and Investigation Standards (FAIS)
II 15%
3. Nature & Types of Frauds
  1. Different Categories of Fraud
  2. Different Nature of Frauds
  3. Types of Occupational Frauds- Fraud Tree
  4. Specialised Areas/schemes of Fraud
  5. Cyber Fraud/Crime
  6. Fraud Mechanisms
III 15%
4. Financial Statement Frauds
  1. Characteristics,natureand Reasons
  2. Different types of Financial Statement Frauds
  3. Legal & Regulatory provisions related to Financial Statement Frauds
  4. Fraud Risk Factors in Financial Statement Frauds
IV 10%
5. Process of Forensic Investigation
  1. Initialization&defining mandate
  2. DevelopPlan&gather expertise
  3. Gathering Relevant Evidence
  4. Perform the analysis
  5. Reporting
  6. Court proceedings
V 15%
6. Fraud Detection
  1. Fraud Predication/Indicators
  2. Quantitative Evidence - Data Mining & Analysis
  3. Qualitative Evidence
  4. Law and Evidence
  5. Applying Hypothesis

 

VI 10%
7. Digital Forensics
  1. Digital Evidence
  2. Use of Technology Tools
  3. Laboratory Analysis of Physical and Electronic Evidence
  4. Important legal sections of Information Technology Act
VII  10%
8. Interviewing Skills
  1. Art & Science of Interviews - Nature & Type
  2. The Interview Process
  3. ImportanceofNon-verbal Cues
  4. Recording the Statements
  5. Case Studies/Role play
VIII 5%
9. Writing a Forensic Investigation Report
  1. Summary of findings
  2. Presenting & discussing draft report
  3. Key Elements as per Forensic Accounting and Investigation Standards (FAIS)
  4. Assumptions and Limitations
IX 10%
10. Fraud Prevention
  1. Anti-Fraud Policies/ Vigilance Mechanism
  2. Internal Controls and Systems & Processes
  3. Compliance culture
  4. Disciplinary Mechanism
X 5%

 

Paper 8 - Valuation (100M)

Contents Sections Weightage
  1. Introduction to Valuation
    1. Genesis of Valuation
    2. Valuation under present scenarios
    3. Reference to important terminologies
      • Valuation
      • Valuer
      • Registered Valuer
      • Types of Value
      • Distinction between Price and Value
      • Valuation Bases and Premise
      • Valuation Date
I 10% - 12%
  1. Need and Purpose of Valuation
    1. Purpose of Valuation
    2. Transaction based Valuation
    3. Regulatory & Tax based Valuation
    4. Other Requirements based Valuation
II 5% - 8%
  1. Valuation Approaches and Methodologies
    1. Valuation Approaches (Definition)
      • Asset Based Approach
      • Income/Earning Based Approach
        • Price/Earnings Ratio & Price/Growth Ratio
        • Earning measure on Cash Flow Basis (DCF Approach)
        • Earning measure non-Cash Flow Basis (Non DCF Approach)
      • Market Based Approach
    2. Fair Value Computation
    3. Guidelines for opting Approaches/ Methodologies under various circumstances
III 45% - 50%
  1. Valuation Documentation and Report
    1. Valuation Documentation
    2. Valuation Report
IV 10% - 12%
  1. Valuation Standards Basic understanding of ICAI Valuation Standards 2018 and its application
V 10% - 13%
  1. Other Applications of Valuation

Valuation in specific Situations and Cases

  1. Valuation of inventories
  2. Valuation of Investments
  3. Fixed income instruments
  4. Valuation of Intangibles
  5. Valuation of liabilities
VI 10% - 15%

 

Paper 9 - Financial Services and Capital Markets (100M)

Contents Sections Weightage
1.    Introduction to Financial Markets
  1. Introduction to Financial Market
  2. Role of Financial Market in Economic Development of a country
  3. Stakeholders in Financial Market (Domestic and Global)
  4. Indian Financial Market scenario
I 5%
2.    Impact of various Policies of Financial Markets
  1. Credit Policy of RBI
  2. Fed Policy
  3. Cost Inflation Index
  4. Consumer Price Index
  5. Wholesale Price Index
II 5%

3.    Capital Market - Primary
  1. Basics of Capital Markets
  2. Segments of Capital Markets
  3. Capital Market Instruments
  4. Aspects of Primary Market – Kinds of Securities, Types of Offer Documents, IssueRequirements,  Intermediaries to the Capital Markets,Book Building, Special Purpose Acquisition    Companies, Application Supported by Blocked Amount (ASBA), Green Shoe Option, Anchor Investors, Private Placement of Shares, Right Issue, Exit Offers.
III 10%
4.    Capital Market - Secondary
  1. Introduction to Secondary Market
  2. Development of the Stock Market in India
  3. Stock Market Organization in India
  4. Demutualization of Stock Exchanges
  5. Share Trading in Secondary Market – Trading by a Retail Investor, Algorithmic Trading, Basket Trading
  6. (vi) Stock Market and its Operations – Growth of Stock Exchanges, Characteristics of Stock Exchanges in India, Functions of Stock Exchanges, Basics of Stock Market indices, Index Management: Rebalancing and Reconstitution, Uses of Market Indexes
  7. (vii) Risk Management in Secondary Market – Trading Rules and Regulations, Circuit Breakers to curb excess volatility, Trading and Settlement, National Securities Clearing Corporation Limited, Market Making System, Securities Lending and Borrowing, Short Selling, Straight Through Processing, Margin Trading, Block Mechanism in Demat Account
  8. Other aspects of Secondary Market – Buy Back of Shares, Block and Bulk Deals.
  9. Indian Debt Market
  10. Emerging Markets – GIFT City, Power Exchange, Energy Exchange, Social Stock Exchange
IV 10%
5.    Money Market
  1. Basics of Money Market
  2. Money Market Participants
  3. Money Market Instruments
  4. Cash Reserve Ratio and Statutory Liquidity Ratio
  5. Determination of Interest Rates– MIBOR, LIBOR, Replacement of LIBOR
  6. Money Market Instruments – Government Securities (G Sec)
  7. Recent developments in Money Market
  8. Repo and Reverse Repo
  9. CRR, SLR
  10. Day Count Convention
10%
6.    Bond Market
  1. Introduction to Bond Market
  2. Primary Bond Market vs Secondary Bond Market
  3. Types of Bond Market
  4. Bond Market Strategies
  5. Bond Indices
  6. Bond Market vs. Stock Market
VI 5%
7.    Derivative Market
  1. Introduction to Derivatives
  2. Forward Contract
  3. Futures Contract
  4. Options Contract
  5. Concept of Swaps
VII 5%
8.    Institutions and Intermediaries
  1. Depository
  2. Stock and Commodity Exchanges– Indian and Global
  3. Intermediaries in the Capital Markets – Merchant Bankers, Registrars to an issue and Share Transfer Agents, Underwriters, Bankers to an issue, Debenture Trustees, Portfolio Managers, Stockbrokers, and sub-brokers
  4. Institutional Investors
  5. Foreign Portfolio Investors (FPIs)
  6. Custodians
  7. Clearing Houses – Indian and Global
VIII 5%

9.    Commodity Market

  1. Introduction of Commodity Markets
  2. Role of Commodity Markets
  3. Commodity Market in India – Including warehousing and physical settlement
  4. Application of Derivative in Commodities
  5. Global Commodities Exchanges
IX 5%

10.    Mutual Funds

  1. Meaning
  2. Evolution
  3. Mutual Fund Organization
  4. Types of Mutual Funds
  5. Net Asset Value (NAV)
  6. Performance Measurement
  7. Advantages    and    Disadvantages of Mutual Fund
  8. Factors influencing the selection of Mutual Funds
  9. Signals highlighting the exist of investors from the Mutual Fund Scheme
  10. Money Market Mutual Funds
  11. Exchange Traded Funds (ETFs)
  12. Real    Estate    Investment    Trusts (ReITs)
  13. Infrastructure Investment Trusts (Invits)
  14. Other aspects - Side Pocketing and Tracking Error
X 10%

11.    Private Equity

  1. Meaning of Private Equity
  2. Classification of Private Equity
        Venture Capital
        Buyouts
        Hurdle rate
        Paid in Capital
        Term Sheet
  3. Cost of Investing in Private Equity
  4. Exit Routes
  5. Valuation of Private Equity Transactions
  6. Private Equity Funds (Distribution of returns in General Partner and Limited
    Partner)
  7. Contemporary issues in Private Equity – The rise of patient capital, Ethical Issues
XI 5%

12.    Investment Banking

  1. Concept
  2. Functions
  3. Challenges
  4. Developments in Investment Banking
  5. Merchant Banking and Issue Management
XII 5%

13.    Credit Rating

  1. Introduction
  2. Rating Services
  3. Objectives and types
  4. Uses
  5. Credit Rating Process
  6. Credit Rating Methodology
  7. CAMEL Model in Credit Rating
  8. Rating Revisions
  9. Credit Rating Agencies in India and abroad
  10. .Credit Rating agencies and the US Sub-prime crisis
  11. Limitations of Credit Rating
  12. Contemporary Aspects in Credit Rating
XIII 5%

14.    Leasing

  1. Meaning, types, advantages, and disadvantages of Leasing
  2. Financial evaluation of lease proposal from the perspective of Lessee and Lessor
  3. Break Even Lease Rental (BELR) from Lessee’s and Lessor’s point of view
  4. Cross Border Leasing
  5. Regulatory Aspects of Leasing
XIV 5%

15.    Factoring

  1. Concept,    Definition    and Mechanism of Factoring
  2. Types/Forms of Factoring
  3. Functions of a Factor
  4. Benefits of Factoring
  5. Factors inhibiting the growth of Factoring in India
  6. Forfaiting
  7. Forfaiting vs Export Factoring
  8. Regulatory Aspects of Factoring
XV 5%

16.     SEBI Regulations – Compliances in Capital Markets

XVI 5%

 

Paper 10 - Forex and Treasury Management

Contents Sections Weightage
1.    Organizational Structure of Treasury
Introduction of Treasury
  1. Treasury    –    Its    Evolution    and Objectives
  2. Organization Structure of Treasury – Front, Back & Mid Office
  3. Functions of Treasury Department
  4. Role of Treasury and Treasurer in:
    • Raising Capital
    • Managing Bank Relationships
    • Money Management
    • Treasury    Performance Management
    • Liquidity Management
    • Credit Management
    • Forex Management
    • Risk Management
      v. Responsibilities of a Treasurer
      vi. Integrated Treasury Management - Cost Centre and Profit Centre
I 10%
2.    Process of Treasury
  1. Treasury    Management  -  Systemsand Techniques
  2. Treasury    Policy    and    Procedure Manual
  3. Delegation with Accountability:
    • Open Position Limits: Daylight, Overnight, Asset Position Limit, Intraday Limit
    • Deal Size, Individual Dealer’s Limit
    • Stop Loss Limits
  4. Control and Reporting Requirements
  5. Dealing and Trading Operations – Control and Orderly Conduct, Moral and Ethical Codes, Checks of Balances, Signing Ethical Code Agreement
  6. An insight into:
    • Float, Availability, Swaps
    • Account    Analysis,    Clearing Houses
    • Lockboxes, Disbursement
  7. Benchmark    Rates    for    Discounting Cash Flows
  8. Liquidity    and    Cash    Flow Management – CRR
    • Objectives,    Sources    and Deployment
    • Internal Control, Netting, Gap Management
  9. Treasury   Management    Processes like Domestic Treasury Remittances, International Treasury Remittances
  10. Payment    &    Settlement    Systems, CCIL, CLS, RTGS, NEFT and SWIFT
  11. Dealing Room Operations: Nostro / Vostro/ Loro, Mirror A/cs – Open Currency Position, Cash Position by Dealers
II 20%
3.    Types of Treasuries
  1. Treasury – Manufacturing and Service Corporates:
  2. Background
    • Contribution Analysis
    • Operating    and    Financial Leverage
    • Liquidity Management
    • Foreign Exchange Exposures
    • Commodity Exposures
    • Credit Exposures
    • Debt Restructurings

      iii. Treasury – Banking

    • Background
    • Capital Adequacy
    • Yield Curve and Spreads
    • Credit Risks
    • Foreign Exchange Risk
    • Interest Risks
    • Re-financing Risks
    • Securitization
    • Asset Liability Management
      iv. Treasury – Special Reference to:
    • Insurance Companies (Life & General)
    • Mutual Fund Organizations
    • Chit Fund Organizations
    • Housing Finance Companies
    • Non-banking    Financial Companies
    • Government (Either State or Central)
    • Reserve Bank of India
    • Profit Centre Vs. Non-Profit Treasury
III  15%
4.    Treasury — Domestic
  1. Classification of Treasury Market:
    • Domestic    or    National Treasury Market
    • Forex    or    International Treasury Markets
 IV 15%

5.       Treasury – Forex

  1. Foreign Exchange Markets:
    • Different Kinds of Inter - Bank Forex Markets
    • Highly Traded Markets - Cash/OTC
    • Nature of Transactions
    • Cross Border Currency Flows
    • Liberalization of Exchange Control
    • Role of Banks in Forex Market
    • Factors Impacting Forex Market
    • Convertibility and BOP

       ii. Forex Concepts

    • Exchange Rate Quotes
    • Factors affecting Exchange Rates
    • Exchange Rate Mechanism
    • Spot and Cross and Forward Rates
    • Premium and Discount
    • Forward Contracts–Booking, Extension, Cancellation

      iii. International Treasury:

    • Market Participants
    • Various    Forex    Treasury Products
    • Volatility of Major Currencies
    • Currency Trading
    • Global Securities – Portfolio Management

      iv. Derivative Markets:

    • Futures, Options and Swaps
    • Price Calculation of Various Instruments
    • Swaps - Outright Deals, Dealer Operations
    • Trends in Futures Market
    • Short Term Interest Rate Futures

       v. Interest Rate Derivatives

    • Introduction
    • Brief terminologies
    • Hedging
V 40%

Note: A deviation of maximum ±5% in the specified section-wise weightage is permitted.

 

SET D

Paper 1 - The Constitution of India and Art of Advocacy (100M)

Contents Sections Weightage
PART I - CONSTITUITION OF INDIA
1.        Introduction: Preamble, Features, Sources, the Union and its Territory, Citizenship, Fundamental Rights, Duties and Directive Principles. I 20% - 25%
  1. Government of Union: The Executive, Parliament, Judiciary
  2. Government of States: The Executive, State Legislature, High courts in the States.
II 25% - 35% 
  1. Relation between Union and the States: Legislative relations, Administrative relations, Financial
  2. Emergency Provisions
  3. Procedure for Amendments
III 20% - 25% 
PART II - ART OF ADVOCACY
  1. Development of Legal System in India
  2. Representation by Chartered Accountants in Tribunals
  3. Basic Rules of drafting and pleading
IV 20% - 30%

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute.

 

PAPER 2 - Psychology & Philosophy (100M)

Section A - Psychology (50M)

Contents Sections Weightage
  1. Introduction (Definition, Orientation and Scope)
    1. What is Psychology?
    2. Misconceptions in Psychology
    3. Applications and Scope of Psychology in Accounting and accountancy
I 20% - 30%
  1. Personality
    1. Understanding Personality (HEXACO model and Dark Triad theory)
    2. Role of Personality during human interaction in accounting
    3. Mindfulness and Decision-Making
    4. Factors affecting
    5. Decision Making (Attitude:  stereotypes and prejudices; aptitude and motivation)
    6. Decision Making under uncertainty
II 20% - 30%

      3. Individual level psychological process

  1. Emotional Intelligence Concept (self-awareness, self-regulation, self- management, relationship management) of EI
  2. Strategies to enhance EI in day-to-day activities
  3. Navrasa
  4. Communication (verbal and nonverbal)
  5. Stress Management & Work-life Balance
  6. Understanding stress (Eustress and Distress)
  7. Practical ways to deal with stress
III 20% - 30% 

     4. Psychological processes in Organizations

  • Groups, Leadership and Change Management
  • Conceptual understanding (Group Think, Conformity and Social loafing, Work Teams, Leadership, Change management) and its application in modern accounting
  • PsyCap and Goal Setting in Accountancy Self-efficacy, Optimism, Hope and Resilience and     goal setting in accounting
IV 20% - 30% 

Section B - Philosophy (50M)

Contents Sections Weightage
  1. General Discussions on Philosophy and Reasoning
    1. What is Philosophy?
    2. Core branches in Philosophy (Indian and Western)
      • Epistemology (Theory of Knowledge- Truth, Justification and Belief)
      • Metaphysics (Nature of Reality: Mind-Body Dualism, Nature of Consciousness)
      • Axiology (Ethics and Aesthetics)
    3. Characteristics of Indian Philosophy: Darshana Shastra
I 20% - 30%
  1. Critical Thinking and Reasoning
    1. Argument and Evaluation
    2. Informal Fallacy
II 20% - 30%
  1. Ethics: Who we are & How we ought to conduct ourselves
    1. Virtue Ethics and Theory of Excellence: Plato and Aristotle
      • Teleology (Theory of Means and End)
      • Deontology (Concept of Duty)
    2. Indian Ethics
      • Aims of Life: Dharma (Duty), Artha (Wealth), Kama (Pleasure), Moksha (Liberation)
      • Yoga: Karma Yoga, Bhakti Yoga, Jnana Yoga, RajaYoga
      • Meditation: Chitta Vritti Nirodha, Yama and Niyama
III 20% - 30%
  1. Usefulness of Philosophy in Contemporary life (especially for CAs)
    1. Business Ethics
      • Karma Yoga for superior business performance
      • Lokasamgraha in Bhagavad Gita
      • Leadership and Communication
    2. Justice: Freedom, Responsibility and Action
    3. Gender and Environment
IV 20% - 30%

 

Paper 3 - Entrepreneurship and Start-Up Ecosystem (100M)

Contents Sections Weightage
  1. Part A: Introduction to Entrepreneurship & Startups: Meaning and concept of entrepreneurship & Startups, the history of entrepreneurship development, Types of entrepreneurs, Role of entrepreneurship & Startups in economic development, Rise of Startups: Global Perspective, Rise of Startups: Indian Perspective. The skills/ traits required to be an entrepreneur, creative and design Thinking, the entrepreneurial decision process, Succession Planning and Managing Family Business.

Part B: Startup Registration: DPIIT Recognition, Benefits, Government Seed Funding etc.

I 10% - 14%
  1. Crafting business models and Lean Start-ups: Introduction to business models; Creating value propositions- conventional industry logic, value innovation logic; customer focused innovation; building and   analysing business models; Business model canvas, Introduction to lean start-ups, Business Pitching
II 5% - 8%
3. Product Development: Building a Minimum Viable Product (MVP), Journey towards building "Product Market Fit", Practical case studies on journey of successful startups from MVP to PMF, Prototype and Agile development methodology for tech Startups, Identify critical success elements: Product (tech), Product (offering), Procurement, Supply Chain III 10% - 14%
4. Pitching the idea and presentation: Drafting of Pitch Deck and Business Plan, Art of Elevator Pitch, Rules/Steps of Pitching the idea, Art of Persuasion IV 10% - 14%
5. Institutions Supporting Small Business Enterprises: Central level institutions. State level institutions. Other agencies. Industry Associations. Current government schemes supporting entrepreneurship V 10% - 14%
  1. Funding & Valuation: Understanding basics of Startup Funding & where to get investment, Quantifying the seed capital, Prerequisite of Startup Funding, Financial Modelling for the  Startups,  How  to approach Angel Investors & VC Firms, understanding Term sheet, Investor Agreement and Equity Dilution, the science behind 'Startup Valuation'
VI 10% - 14%
7. Legal considerations for a Startup: Choosing an ideal entity type and overview of registration process, Startup Equity Split among cofounders and equity vesting, ESOP Planning and other best practices, Drafting of Cofounder Agreement, Registering intellectual property rights (IPRs) [Patent, Copyright and Trademark etc.], VII 10% - 14%
8. Startup Incubators & Acceleration: Difference between incubators and accelerators, Choosing the right one (factors and effect thereof), Working of incubators and accelerators VIII 10% - 14%
9. Miscellaneous: Case studies on success stories, Role of Startup Advisors & Funding Agents, Building a right Startup Team, Founder's grooming: Role of PR Building Activities in success of startups, Being part of Startup Community and leading it and Exit Strategies IX 5% - 14%

 

Paper 4 - Digital Ecosystem and Controls (100M)

Contents Sections Weightage
  1. Governance and Management of Digital Ecosystem
    • Key concepts of Governance and IT strategy.
    • Governance, Risk and Compliance (GRC)
    • Risk fundamentals and related terms, Sources, and types of risk.
    • Enterprise Risk Management
    • Information Systems Security Policy
    • Business Continuity Planning and Disaster Recovery Planning.
I 20%
  1. Information Systems Life Cycle
    • Information System Acquisition.
    • Information System Development methodologies
    • Information Systems implementation and maintenance.
II 20%
  1. Information Systems’ Control
    • Information Systems’ Control and its classification.
    • Overview of Information Technology Tools.
    • Illustrations on Risks and Controls of specific business processes.
III 20%
  1. Digital Data and Analysis
    • Data Privacy
    • Data assurance
    • Introduction to Personal Data Protection Bill, 2019.
    • Regulatory compliance in terms of relevant sections of Information Technology Act, 2000
    • Introduction to Data Analytical tools and Techniques
    • Introduction to Business Intelligence (BI) tools and techniques
IV 20%
  1. Digital Economy
    • ABCD of Fintech.
    • Digital payments, Digital Currency, and Cryptocurrency.
    • e-business and their associated risks and controls.
    • Emerging Technologies and Concepts.
V 20%

Note: A deviation of maximum ±5% in the specified section-wise weightage is permitted.

Author 1FIN by IndigoLearn
1FIN by IndigoLearn
20-Jan-2025
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