ICOAS Syllabus Decode
[Link] Syllabus Institute
Cost Concepts and Classifications: Cost Objects,
Cost Centers and Cost Unit; Collection,
classification, allocation and apportionment of cost -
Material Cost, Employee Cost, Direct Expenses,
1 Overheads etc. ICAI
Generally Accepted Cost Accounting Principles
(GACAP),
Cost Accounting Standards,
Cost Audit,
Companies (Cost Record & Audit) Rules, 2014 as
amended from time to time;
2 Cost Auditing and Assurance Standards ICMAI
Methods of Costing: Single Output Costing, Job
Costing, Batch Costing, Contract Costing, Process
3 Costing, Service Costing. ICMAI/ ICAI
Marginal v. Absorption Costing, Cost-Volume-Profit
analysis, Decision making involving alternative
4 choices ICMAI/ ICAI
Pricing decisions and Strategies-New Product
Pricing, Monopoly Pricing v. Competitive Pricing,
5 Pricing of Service Sector ICMAI
Cost Control and Cost Reduction; Cost Control
Techniques- Standard Costing & Variance Analysis;
6 Budget and Budgetary Control ICMAI/ ICAI
Transfer Pricing- Methods (Cost Based, Market Price
Based, Negotiated Pricing), Criteria for setting
7 Transfer Prices, Transfer Price in different situations. ICMAI
Emerging concepts in Cost and Management
Accounting: Life Cycle costing, Activity Based
costing, Learning Curve and its application, Socio-
economic costing, Target costing, Total Quality
Management, Environmental Management
8 Accounting, Six Sigma etc. ICMAI
Generally Accepted Accounting Principles (GAAPs),
9 Accounting Standards and Ind AS. ICAI
Financial Statements and Analysis: Preparation of
Corporate Financial Statements, Ratio Analysis,
10 Cash Flow Analysis. ICAI
Appraisal of Projects: Capital Budgeting, Cost of
Capital, Leverage Analysis; Methods of Project
Appraisal-Payback Period, Net Present Value (NPV),
Financial Internal Rate of Return (FIRR), Economic
11 Internal Rate of Return (EIRR), Benefit Cost Ratio. ICAI
Project Management: Project Planning, Project Life
12 Cycle, Gantt Charts, PERT and CPM. ICMAI
Government Accounting: General Principles and
Comparison with Commercial Accounting;
Government Accounting Standards issued by
Government Accounting Standards Advisory Board,
Role of Comptroller and Auditor General of India
13 and Public Accounts Committee. ICMAI
Goods and Services Tax Act & Rules: Chargeability
of GST, Scope of Supply (Section 7 of CGST Act,
2017 read with Schedule I, ll and III), Classification
of Goods and Services under GST, Time, Value and
Place of Supply of Goods and Services, Input Tax
Credit (Eligibility, Blocked Credits, Method of
Reversal of Credits, Recovery of Input Tax Credit),
Exports, Imports and Refunds under GST, Anti-
14 profiteering, Audit under GST. ICAI
Customs Law : Classification under Customs, Types
of Duties (Basic customs duty, IGST replacement of
CVD and Special CVD, Protective duties, Safeguard
duty, Countervailing duty on subsidized articles,
Anti-dumping duty), Valuation under Customs of
Imported Goods and Export Goods, Deemed export,
15 Duty drawback. ICAI
Companies Act, 2013 with special emphasis on
provisions relating to Declaration and Payment of
Dividend (Chapter VIII and Schedule Il) Accounts of
Companies (Chapter IX, Schedule III and Schedule
VII), Audit and Auditors (Chapter X), Government
16 Companies (Chapter XXIII). ICAI
Corporate Governance: Overview, Issues and
Concepts, Corporate Governance Practices/Codes in
India, Corporate Governance in state-owned
17 business-MOU system. ICMAI
ICOAS Syllabus Decode by Ms. CA
Course Sources
Paper-4: Cost and Management Accounting
Intermediate (Chapter 1,2,3,4)
Paper 17: Cost and Management Audit
Final (Section A- 1 to 5)
ICMAI Paper 8: Cost Accounting (Section
B-5)
ICAI Paper 4: Cost and Management
Intermediate Accounting (Module 2 Chapter 8 to 12)
ICMAI Paper 8: Cost Accounting
ICAI Paper 4: Cost and Management
Intermediate Accounting (Module 2 Chapter 14)
Final (Old) Paper 15: Strategic Cost Management (Sectio
ICAI Paper 4: Cost and Management
Accounting (Module 2 Chapter 13 and
Chapter 15)
ICMAI Paper 12: Management Accounting
Intermediate (Section D - 6 and Section E-7)
Intermediate ICMAI Paper 12: Management Accounting (S
ICMAI Final Paper 16: Strategic Cost
Management (2.3- Total quality
management, 2.5- Six Sigma, 3.3- tranfer
pricing, 3.5- target costing, 3.6- Life cycle
costing, 4.1- ABC, 12- Learning curve)
ICMAI Inter Paper 12: Management
Final/ Intermediate Accounting (Module 2- ABC)
Saransh Saransh- Ind AS and AS
Paper 1: Advanced Accounting (Chapter
11)
Paper 6: Financial Mgt & Strategic Mgt
Intermediate (SectionA- Chapter 3)
Intermediate Paper6: Financial Mgt & Strategic Mgt (Sect
Intermediate Paper 9: Operations Management (Module 6
Final Paper 18: Corporate Financial Reporting (Sec
Inter Paper 3: Taxation (Section B)
Final Paper 5: Indirect Tax Laws (Module
2- Chapter 7, Module 3- Chapter 14, 15, 17)
Chapter 24- Misc Prov (Pg 28 onwards for
Intermediate/ Final Anti profiteering)
Final Paper 5: Indirect Tax Laws (Module
4- Chapter 1, 2,4, 8 (for deemed exports
Final and duty drawback)
Inter Paper 2: Corporate and other laws
Intermediate (Module 2- Chapter 8,9,10)
Paper 13: Corporate Laws & Compliance
Final (Old) (Section C- Chapter 7)
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For Accounting standards and Ind AS summary-
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for Govt Companies (Pg 207)-
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7 MANTRAS to Success
1. Just rely on authentic material like ICAI and ICMAI
2. Revise atleast 2 times
3. Try to concise the syllabus and cover each and every topic
4. Use saaransh by ICAI for short notes and quick revision
5. Practise MCQ from ICMAI/ ICAI material or some online platforms
6. PYQ is MUST to understand the requirement of exam
7. Practice numerical question as the exam is of 2hrs and these questions take time to solve