Objective: 

To acquire the ability to apply specific accounting standards and legislations to different transactions and
events and in preparation and presentation of financial statements of various business entities

Contents : 

1. Process of formulation of Accounting Standards including Indian Accounting Standards (IFRS
   converged standards) and IFRSs; Convergence vs Adoption; Objective and Concepts of carve outs
2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards).
3.  i) Applicability of Accounting Standards to various entities.
   ii) Application of Accounting Standards:
4. Company Accounts
5. Accounting for Branches including foreign branches.

PART I– COMPANY LAW AND LIMITED LIABILITY PARTNERSHIP LAW

Objective : 

To develop an understanding of the legal provisions and acquire the ability to analyse and apply the laws in
practical situations.

Contents :

1. The Companies Act, 2013 : including important rules and drafting of notices, resolutions etc.– 
2. The Limited Liability Partnership Act, 2008 including important Rule

PART II- OTHER LAWS

Objective : 

• To develop an understanding of the General Clauses Act.
• To develop an understanding of the rules for interpretation of statutes.
• To have basic understanding of the Foreign Exchange Management Act, 1999.

Contents :

1. The General Clauses Act, 1897 
2. Interpretation of Statutes
3. The Foreign Exchange Management Act, 1999

SECTION A: INCOME TAX LAW

Objective: 

1. To develop an understanding of the provisions of income-tax law.
2. To acquire the ability to apply such provisions to solve problems and address application oriented
   issues.

Contents: 

1. Basic Concepts
2. Residential status and scope of total income
3. Heads of income and the provisions governing computation of income under different heads
4. Provisions relating to clubbing of income, set-off or carry forward and set-off of losses, deductions from
   gross total income
5. Advance Tax, Tax deduction at source and tax collection at source
6. Provisions for filing return of income and self-assessment
7. Computation of total income and income-tax payable by an individual under the alternative tax
   regimes under the Income-tax Act, 1961 to optimise tax liability

SECTION B : GOODS AND SERVICES TAX

Objective: 

1. To develop an understanding of the provisions of goods and services tax law.
2. To acquire the ability to apply such provisions to address/ solve issues in moderately complex
   scenarios.

Contents: 

1. GST Laws: An introduction including Constitutional aspects.
2. Levy and collection of CGST and IGST
3. Basic concepts of:
   i) Classification
   ii) Place of supply
   iii) Time of supply
   iv) Value of supply
   v) Input tax credi
4. Computation of GST liability
5. Registration
6. Tax invoice; Credit and Debit Notes; Electronic way bill
7. Accounts and Records
8. Returns
9. Payment of tax

Objective : 

• To develop an understanding of the basic concepts and applications to establish the cost
  associated with the production of products and provision of services and apply the same to
  determine prices.
• To develop an understanding of cost accounting statements.
• To acquire the ability to apply information for cost ascertainment, planning, control and decision
  making.
• To apply costing methods to determine the costs for different purposes.
• To apply appropriate techniques to support short term decisions.

CONTENTS : 

1. Overview of Cost and Management Accounting:
   i) Introduction to Cost and Management Accounting:
   ii) Elements of Cost and preparation of Cost Sheets
2. Ascertainment of Cost and Cost Accounting System:
   i) Material Cost
   ii) Employee Cost
   iii) Direct Expenses
   iv) Overheads
   v) Concepts of Activity Based Costing (ABC)
   vi) Integration of cost and financial data
3. Methods of Costing
   i) Single Output/ Unit Costing
   ii) Job Costing
   iii) Batch Costing
   iv) Process/ Operation Costing
   v) Costing of Service Sectors
4. Cost Control and Analysis
   i) Standard Costing
   ii) Marginal Costing
   iii) Budget and Budgetary Control

Objective : 

• To develop an understanding of the concepts in auditing and of the generally accepted auditing
  procedures, techniques and skills and acquire the ability to apply the same in audit and attestation
  engagements.
• To understand and apply the concept of ethics while performing audit.

CONTENTS : 

1. Nature, Objective and Scope of Audit
2. Audit Strategy, Audit Planning and Audit Program
3. Risk Assessment and Internal Control
4.  Audit Evidence
5. Audit of Items of Financial Statements
6. Audit Documentation
7. Completion and Review
8. Audit Report
9. Special Features of Audit of Different Type of Entities
10. Audit of Banks
11. Ethics and Terms of Audit Engagements

SECTION A : FINANCIAL MANAGEMENT

Objective : 

• To develop an understanding of various aspects of Financial Management and acquire the ability to
  apply such knowledge in decision-making.
• To understand various finance functions like financing decision, investment decision, dividend decision.
• To develop an understanding of working capital management and its component.

CONTENTS : 

1. Financial Management and Financial Analysis
   i) Introduction to Financial Management Function
   ii) Financial Analysis through Ratios
2. Financing Decisions and Cost of Capital
   i) Sources of Finance
   ii) Cost of Capital
   iii) Capital Structure Decisions
   iv) Leverages
3. Capital Investment and Dividend Decisions
   i) Capital Investment Decisions
   ii) Dividend Decisions
4. Management of Working Capital

SECTION B : STRATEGIC MANAGEMENT

Objective :

To develop an understanding of strategic management concepts and techniques and acquire the ability to
apply the same in business situations.

CONTENTS : 

1. Introduction to Strategic Management
2. Strategic Analysis: External Environment
3. Strategic Analysis: Internal Environment
4. Strategic Choices
5. Strategy Implementation and Evaluation