Contents as per Syllabus
SECTION A: COMMERCIAL LAWS 01 - 236
Module 1. Introduction to Law and Legal System in India 01 - 30
1.1 Introduction to The Constitution of India
1.2 Fundamental Rights
1.3 Sources of Law
1.4 Primary and Subordinate Legislations
1.5 Legislatives Processes in India
1.6 Legal Methods including Judicial Alternative Dispute Resolution (ADR) Process
in India
1.7 Legal Terminology and Maxims
Module 2. Indian Contracts Act, 1872
31 - 92
2.1 Essential Elements of a Contract, Offer and Acceptance
2.2 Void and Voidable Agreements
2.3 Consideration
2.4 Legality of Object
2.5 E-Contracts - Essential Requirements for Enforceability
2.6 Constraints to Enforce Contractual Obligations
2.7 Quasi-Contracts, Contingent Contracts, Termination or Discharge of Contracts
2.8 Assignment of Contractual Rights and Obligations
2.9 Representations and Warranties
2.10 Impossibility and Force Majeure
2.11 Termination by Novation
2.12 Tender procedure of Government Contract
2.13 Special Contracts - Indemnity and Guarantee; Bailment and Pledge, Laws of
Agency
Contents as per Syllabus
Module 3. Sale of Goods Act, 1930 93 - 118
3.1 Essential Conditions of a Contract of Sale
3.2 Transfer of Ownership
3.3 Conditions and Warranties
3.4 Performance of the Contract of Sale
3.5 Rights of Unpaid Seller
3.6 Auction Sales
Module 4. Negotiable Instruments Act, 1881 119 - 156
4.1 Definition and Features of Negotiable Instrument
4.2 Crossing, Endorsement and Material Alteration
4.3 Acceptance, Assignment and Negotiation
4.4 Rights and Liabilities of Parties
4.5 Dishonour of a Negotiable Instrument (with special emphasis on Section 138)
Module 5. Indian Partnership Act, 1932 157 - 186
5.1 Nature of Partnership
5.2 Rights and Liabilities of Partners
5.3 Formation, Reconstitution and Dissolution of Firms
Module 6. Limited Liability Partnership Act, 2008 187 - 236
6.1 Concept, Formation, Membership, Functioning
6.2 Dissolution
SECTION B: INDUSTRIAL LAWS 237 - 334
Module 7. Factories Act, 1948 239 - 258
Module 8. Payment of Gratuity Act, 1972 259 - 274
Module 9. Employees Provident Fund and Miscellaneous Provisions Act, 1952 275 - 288
Module [Link] State Insurance Act, 1948 289 - 306
Module [Link] Code on Wages, 2019 307 - 334
Contents as per Syllabus
SECTION C: CORPORATE LAWS 335 - 468
Module 12. Companies Act, 2013 337 - 468
12.1 Company Types, Promotion, Formation and Related Procedures (Sec 1 to
Sec 122 of Companies Act, 2013)
12.2 Director - Role, Responsibilities, Qualification, Disqualification, Appointment,
Retirement, Resignation, Removal, Remuneration and Powers, Directors
Identification Number
12.3 Operational and Financial Control
12.4 Internal Financial Control for Financial Reporting (Section 134,143 and 177)
12.5 Rights of Shareholders
12.6 Key Managerial Personnel
SECTION D: BUSINESS ETHICS 469 - 496
Module 13. Business Ethics and Emotional Intelligence 471 - 496
13.1 Ethics – Meaning, Importance and Nature
13.2 The “Seven Principles of Public Life” – Selflessness, Integrity, Objectivity,
Accountability, Openness, Honesty and Leadership
13.3 The Relationship between Ethics and Law
13.4 Business Ethics and its Relevance to Business
13.5 Values and Attitudes of Professional Accountants
13.6 Primary Norms of Business Ethics - Honesty, Accountability etc., the
Application in Decisions regarding Employers, Finance and Trading
13.7 Internal Code of Ethics
13.8 Ethics in Business Dealings
13.9 Case Study on Business Ethics
13.10 Emotional Intelligence (Concept and Importance)
Contents as per Syllabus
SECTION A: ACCOUNTING FUNDAMENTALS 01 - 88
Module 1. Accounting Fundamentals 3-88
1.1 Four Frameworks of Accounting (Conceptual, Legal, Institutional and
Regulatory)
1.2 Accounting Principles, Concepts and Conventions
1.3 Capital and Revenue Transactions - Capital and Revenue Expenditures,
Capital and Revenue Receipts
1.4 Accounting Cycle – Charts of Accounts and Codification Structure,
Analysis of Transaction – Accounting Equation, Double Entry System,
Books of Original Entry, Subsidiary Books and Finalisation of Accounts
1.5 Journal (Day Books and Journal Proper - Opening Entries, Transfer
Entries, Closing Entries, Adjustment Entries, Rectification Entries),
Ledger
1.6 Cash Book, Bank Book, Bank Reconciliation Statement
1.7 Trial Balance (Preparation and Scrutiny)
1.8 Adjustments and Rectifications
1.8.1 Depreciation and Amortisation
1.8.2 Adjustment Entries and Rectification of Errors
1.8.3 Accounting Treatment of Bad Debts and Provision for Doubtful
Debts, Provision for Discount on Debtors and Provision for
Discount on Creditors
SECTION B: ACCOUNTING FOR SPECIAL TRANSACTIONS 89-170
Module 2. Bills of Exchange, Consignment, Joint Venture 91-170
SECTION C: PREPARATION OF FINANCIAL STATEMENTS 171-280
Module 3. Preparation of Final Accounts of Commercial Organisations, Not-for-Profit 173-280
Organisations and from Incomplete Records
3.1 Preparation of Financial Statements of Commercial Organisations (other
than Corporate Form of Organisation)
3.1.1 Income Statement
3.1.2 Balance Sheet
Contents as per Syllabus
3.2 Preparation of Financial Statements of Not-for-Profit Organisation
3.2.1 Preparation of Receipts and Payments Account
3.2.2 Preparation of Income and Expenditure Account
3.2.3 Preparation of Balance Sheet
3.3 Preparation of Financial Statements from Incomplete Records
SECTION D: PARTNERSHIP ACCOUNTING 281-440
Module 4. Partnership Accounting 283-440
4.1 Admission of Partner
4.2 Retirement of Partner
4.3 Death of Partner
4.4 Treatment of Joint Life Policy
4.5 Dissolution of Partnership Firms including Piecemeal Distribution
4.6 Amalgamation of Partnership Firms
4.7 Conversion of Partnership Firm into a Company and Sale of Partnership
Firm to a Company
4.8 Accounting of Limited Liability Partnership
SECTION E: LEASE, BRANCH AND DEPARTMENTAL ACCOUNTS ETC. 441-600
Module 5. Lease Accounting 443-458
Module 6. Branch (including Foreign Branch) and Departmental Accounts 459-524
Module 7. Insurance Claim for Loss of Stock and Loss of Profit 525-550
Module 8. Hire Purchase and Installment Sale Transactions 551-600
Contents as per Syllabus
SECTION F: ACCOUNTING STANDARDS 601-650
Module 9. Accounting Standards 603-650
9.1 Introduction to Accounting Standards
9.1.1 GAAP
9.1.2 AS
9.1.3 Convergence to Ind AS – Applicability and Scope
9.2 Specified Accounting Standards with Comparative Provisions under Ind AS
9.2.1 Disclosure of Accounting Policies (AS 1)
9.2.2 Property Plant and Equipment (AS 10)
9.2.3 The Effects of Changes in Foreign Exchange Rate (AS 11)
9.2.4 Accounting for Government Grants (AS 12)
9.2.5 Borrowing Costs (AS 16)
9.2.6 Accounting for Taxes on Income (AS 22)
Contents as per Syllabus
SECTION B: INDIRECT TAXATION 1 - 292
Module 4. Concept of Indirect Taxes 1 - 12
4.1 Concept and Features of Indirect Taxes
4.2 Difference between Direct and Indirect Taxes
4.3 Background of erstwhile Indirect Taxes (Central Excise, VAT etc.)
4.4 Constitutional Validity of GST
Module 5. Goods and Services Tax (GST) Laws 13 - 224
5.1 Introduction to GST Law
5.2 Levy and Collection of CGST and IGST
5.3 Basic concepts of Time, Place and Value of Supply
5.4 Input Tax Credit
5.5 Computation of GST Liability
5.6 Registration
5.7 Tax Invoice – Electronic Way Bill
5.8 Returns and Payment of Taxes
Module 6. Customs Act & Rules 225 - 292
6.1 Customs Act-Basic Concepts and Definitions
6.2 Types of Duties
6.3 Valuation Rules
6.4 Computation of Assessable Value and Duties
Contents as per Syllabus
SECTION A: INTRODUCTION TO COST ACCOUNTING 01 - 292
Module 1. Introduction to Cost Accounting 3-58
1.1. Introduction
1.2. Important Cost Accounting Terms
1.3. Elements of Cost
1.4. Classification of Cost
1.5. Preparation of Cost Sheet and Ascertainment of Profit
Module 2. Cost Ascertainment – Elements of Cost 59-222
2.1 Material Costs
2.1.1 Procurement of Materials
2.1.2 Inventory Management and Control
2.1.3 Inventory Accounting and Valuation
2.1.4 Physical Verification, Slow and Non-moving Stock and Treatment of
Losses
2.1.5 Scrap, Spoilage, Defectives and Wastages
2.2 Employee Costs
2.2.1 Time Keeping, Time Booking and Payroll
2.2.2 Principles and Methods of Remuneration and Incentive Schemes
2.2.3 Overtime and Idle Time
2.2.4 Employee Cost Reporting
2.2.5 Labour Turnover
2.3 Direct Expenses
2.3.1 Definition and Examples
2.3.2 Nature of Direct Expense
2.3.3 Direct vs. Indirect Expense
2.4 Overheads
2.4.1 Collection, Classification, Apportionment and Allocation of Overheads
2.4.2 Absorption and Treatment of Over or Under Absorption of Overheads
2.4.3 Reporting of Overheads Costs
Module 3. Cost Accounting Standards (CAS 1 to CAS 24) 223-246
Contents as per Syllabus
Module 4. Cost Book Keeping 247-292
4.1 Cost Book - Keeping
4.2 Reconciliation of Costing and Financial Profit
4.3 Integrated Accounting System
SECTION B: METHODS OF COSTING 293-430
Module 5. Methods of Costing 295-430
5.1 Job Costing
5.2 Batch Costing
5.3 Contract Costing
5.4 Process Costing – Normal and Abnormal Losses, Equivalent Production, Inter-
process Profit, Joint and By Products
5.5 Operating Costing – Transport, Hotel and Healthcare
SECTION C: COST ACCOUNTING TECHNIQUES 431-588
Module 6. Cost Accounting Techniques 433-588
6.1 Marginal Costing
6.1.1 Concept of Marginal Cost and Marginal Costing
6.1.2 Absorption Costing vs. Marginal Costing
6.1.3 Cost - Volume - Profit (CVP) Analysis
6.1.4 Margin of Safety
6.1.5 Application of Marginal Costing for Decision Making
6.2 Standard Costing and Variance Analysis
6.2.1 Concept of Standard Cost and Standard Costing
6.2.2 Advantages and Limitations
6.2.3 Computation and Analysis of Variances (Material and Labour Costs
only)
6.3 Budget and Budgetary Control
6.3.1 Concepts, Types of Budget
6.3.2 Budgetary Control vs. Standard Costing
6.3.3 Advantages and Limitations
6.3.4 Preparation of Budgets
Contents as per Syllabus
SECTION A: OPERATIONS MANAGEMENT 01 - 424
Module 1. Introduction 3-12
1.1 Scope
1.2 Characteristics of Modern Operations Functions
1.3 Recent Trends in Production and Operations Management
Module 2. Operations Planning 13-96
2.1 Demand Forecasting
2.2 Capacity Planning
2.3 Facility Location and Layout
2.4 Resource Aggregate Planning
2.5 Material Requirements Planning
2.6 Manufacturing Resource Planning
2.7 Economic Batch Quantity
Module 3. Designing of Operational Systems and Control 97-110
3.1 Product Design
3.2 Process Design and Selection
3.3 Product Life Cycle
3.4 Process Planning and Selection
3.5 Design Thinking
Module 4. Application of Operation Research - Production Planning and Control 111-282
4.1 Introduction
4.2 Production Planning and Control
4.3 Control Measures – Time & Motion Study, Method Study, Work Study
4.4 Optimum Allocation of Resources - LPP
4.5 Transportation
4.6 Job Evaluation, Job Allocation - Assignment
4.7 Scheduling and Queuing Models
4.8 Simulation and Line Balancing
4.9 Lean Operations
4.10 JIT
Contents as per Syllabus
Module 5. Productivity Management and Quality Management 283-310
5.1 Measurement Techniques of Productivity Index
5.2 Five Key Aspects of Productitity
5.3 TQM Basic Tools and Certification
5.4 ISO Standard Basics
Module 6. Project Management, Monitoring and Control 311-374
6.1 Project Planning
6.2 Project Life Cycle
6.3 Gantt Charts
6.4 PERT and CPM
6.5 Basics of MS Project
Module 7. Economics of Maintenance and Spares Management 375-424
7.1 Breakdown Maintenance
7.2 Preventive Maintenance
7.3 Routine Maintenance
7.4 Replacement of Machine
7.5 Spare Parts Management
Objective Type Questions and Answers 405-424
SECTION B: STRATEGIC MANAGEMENT 425-564
Module 8. Introduction 427-462
8.1 Introduction to Strategy and Strategic Management
8.2 Alignment of Strategy with Vision, Mission and Culture
8.3 Objectives of Strategic Management
8.4 Organisational Genomics
8.5 Alignment with Individual Level Objective and Organisational Objective
8.6 Balanced Score Card
8.7 EVA – Driven Responsibility Accounting
Contents as per Syllabus
Module 9. Strategic Analysis and Strategic Planning 463-496
9.1 Analysis of Business Environment
9.2 PESTEL, Value Chain and Porter’s 5 Framework
9.3 SWOTC Analysis (Industry Sector and Company)
9.4 Portfolio Analysis and BCG Matrix
9.5 Stages in Strategic Planning
9.6 Alternatives in Strategic Planning
Module 10. Formulation and Implementation of Strategy 497-538
10.1 Strategy Formulation - Production Strategy, Supply Chain Strategy,
Marketing Strategy, Human Resource Strategy
10.2 Structuring of Organisation for Implementation of Strategy
10.3 Strategic Business Unit
10.4 Business Process Re-engineering
10.5 Management Control, Operational Control and Task Control
10.6 Goal Congruence
Module 11. Digital Strategy 539-564
11.1 Introduction
11.2 Digital Transformation for Competitive Advantages
11.3 Innovations and Disruptive Business Models
11.4 Emerging Trends in Digital and Social Marketing Strategies
Contents as per Syllabus
SECTION A: CORPORATE ACCOUNTING 01 - 542
Module 1. Accounting for Shares and Debentures 03 - 148
1.1 Issue of Shares, Forfeiture of Shares, Rights Issue,Bonus Issue, Sweat Equity
Shares, Employee Stock Option and Stock Purchase Scheme, Buy-back of Shares
1.2 Redemption of Preference Shares, Issue and Redemption of Debentures
1.3 Underwriting of Securities
Module 2. Preparation of the Statement of Profit and Loss and Balance Sheet (As per
Schedule III of Companies Act, 2013) 149 - 256
2.1 Statement of Profit and Loss (as per Division I of Schedule III)
2.2 Balance Sheet (As per Division I of Schedule III)
2.3 An Introduction to Division II of Schedule III
Module 3. Cash Flow Statement 257 - 312
Module 4. Accounts of Banking, Electricity and Insurance Companies 313 - 462
Module 5. Accounting Standards 463 - 542
5.1 Conceptual Framework
5.2 Specified Ind AS with Comparative Provisions under AS
SECTION B: AUDITING 543 - 736
Module 6. Basic Concepts of Auditing 545 - 618
6.1 Nature, Scope Objectives and Significance of Auditing
6.2 Brief Introduction to Auditing Standards
6.3 Audit Engagement, Audit Program, Audit Documentations, Audit Evidence,
Audit Note Book
6.4 Audit Risk, Assessment of Audit Risk, Internal Check, Internal Control,
Internal Audit - Industry Specific, Interplay between Internal Audit and
Statutory Audit, Risk based Internal Audit, Internal Financial Control and
Internal Control over Financial Reporting
6.5 Audit Sampling, Audit Techniques and Analytical Procedure (including
Scrutiny of Trial Balance and Grouping Schedules)
6.6 Application of Technology in Audit and Audit Trail
Contents as per Syllabus
Module 7. Provision Relating to Audit under Companies Act, 2013 619 - 712
7.1 Statutory Audit – Auditor’s Eligibility, Qualifications, Disqualifications,
Appointment, Resignation, Rotation, Remuneration, Removal, Rights and
Duties, Liabilities, Branch Audit and Joint Audit, Role of Audit Committee
7.2 Cost Audit
7.3 Secretarial Audit
7.4 Audit of Various Items of Financial Statements (with Special Emphasis on
Audit of Inventory and PPE)
7.5 Audit Report, Report vs. Certificate, Reporting Requirements under
Companies Act, Contents of the Reports and Modifications in the Report
(with Coverage of CARO)
7.6 Report on Internal Financial Control over Financial Reporting
7.7 National Financial Reporting Authority (NFRA)
Module 8. Auditing of Different Types of Undertakings 713 - 736
8.1 Audit of Education Institutions
8.2 Audit of Healthcare Organisations
8.3 Audit of Organisations in Hospitality Sector
8.4 Audit of Banks
8.5 Audit of Cooperative Societies
8.6 Audit of Local Self Government
Contents as per Syllabus
SECTION A: FINANCIAL MANAGEMENT 01 - 552
Module 1. Fundamentals of Financial Management 3-50
1.1 Introduction to Financial Management
1.2 Time Value of Money
1.3 Risk and Return
Module 2. Institutions and Instruments in Financial Markets 51-118
2.1 Financial Institutions
2.2 Capital Market
2.3 Money Market
Module 3. Tools for Financial Analyses 119-212
3.1 Comparative, Common-Size Financial Statements and Trend Analysis
3.2 Financial Ratio Analysis
3.3 Fund Flow Statement – Preparation and Analysis
3.4 Cash Flow Statement – Preparation and Analysis
Module 4. Sources of Finance and Cost of Capital 213-298
4.1 Sources of Finance
4.2 Cost of Capital
Module 5. Capital Budgeting 299-380
5.1 Introduction to Capital Budgeting
5.2 Identification of Cash Flows and Forecasting
5.3 Cash Flow vs. Profit of the Firm
5.4 Evaluation Techniques – Non-discounted and Discounted Cash Flow
Methods
5.5 Hurdle Rate in a Conglomerate Environment
Contents as per Syllabus
Module 6. Working Capital Management 381-470
6.1 Introduction to Working Capital Management
6.2 Receivable Management
6.3 Payable Management
6.4 Inventory Management
6.5 Management of Cash and Cash Equivalents
6.6 Financing Working Capital
Module 7. Financing Decisions of a Firm 471-552
7.1 Capital Structure and Capital Stacking
7.2 Leverage Analyses and EBIT – EPS Analysis
7.3 Dividend Decisions and Dividend Theories
SECTION B: BUSINESS DATA ANALYTICS 553-644
Module 8. Introduction to Data Science for Business Decision-making 555-570
8.1 Meaning, Nature, Properties, Scope of Data
8.2 Types of Data in Finance and Costing
8.3 Digitization of Data and Information
8.4 Transformation of Data to Decision Relevant Information
8.5 Communication of Information for Quality Decision-making
8.6 Professional Skepticism regarding Data
8.7 Ethical Use of Data and Information
Contents as per Syllabus
Module 9. Data Processing, Organisation, Cleaning and Validation 571-590
9.1 Development of Data Processing
9.2 Functions of Data Processing
9.3 Data Organization and Distribution
9.4 Data Cleaning and Validation
Module 10. Data Presentation: Visualisation and Graphical Presentation 591-616
10.1 Data Visualisation of Financial and Non-financial Data
10.2 Objective and Function of Data Presentation
10.3 Data Presentation Architecture
10.4 Dashboard, Graphs, Diagrams, Tables, Report Design
10.5 Tools and Techniques of Visualisation and Graphical Presentation
Module 11. Data Analysis and Modelling 617-644
11.1 Process, Benefits and Types of Data Analysis
11.2 Data Mining and Implementation of Data Mining
11.3 Analytics and Model Building (Descriptive, Diagnostic, Predictive,
Prescriptive)
11.4 Standards for Data Tagging and Reporting (XML, XBRL)
11.5 Cloud Computing, Business Intelligence, Artificial Intelligence, Robotic
Process Automation and Machine Learning
11.6 Model vs. Data-driven Decision-making
PV TABLES 645-648
Contents as per Syllabus
SECTION A: INTRODUCTION TO MANAGEMENT ACCOUNTING 01 - 28
Module 1. Introduction to Management Accounting 03 - 28
1.1 Conceptual Understanding
1.2 Relationship between Management Accounting and Cost Accounting
1.3 Role of a Management Accountant in Modern Business World
SECTION B: ACTIVITY BASED COSTING 29 - 94
Module 2. Activity Based Costing 31- 94
2.1 Traditional Cost System
2.2 Definition and Meaning of Activity Based Costing (ABC)
2.3 Steps in ABC System
2.4 Cost Pools and Cost Drivers
2.5 Merits and Demerits of ABC System
2.6 Activity Based Information and Decision Making
SECTION C: DECISION MAKING TOOLS 95 - 260
Module 3. Marginal Costing 97 - 154
3.1 Concept
3.2 Cost-Volume-Profit Analysis
3.3 Break-Even Charts and Profit Charts
3.4 Multiple Product Break Even Analysis
3.5 Differential Cost Analysis
3.6 Marginal Costing Vs. Absorption Costing (advanced applications)
Module 4. Applications of Marginal Costing in Short Term Decision Making 155 - 220
4.1 Pricing Decision
4.2 Make or Buy decisions
4.3 Accept an Order or Reject
Contents as per Syllabus
4.4 Optimum Utilization of Factors of Production [Limiting Factor Analysis]
4.5 Replacement Decision
4.6 Evaluation of Alternative Choices
4.7 Subcontracting and Ancillarisation
4.8 Expansion of Business
4.9 Shutdown or Continue
Module 5. Transfer Pricing 221 - 260
5.1 Concept
5.2 Methods and Techniques
5.3 Divisional Performance and Problem of Goal Congruence
5.4 Determination of Inter-departmental or Inter-company Transfer Price
5.5 International Transfer Pricing
SECTION D: STANDARD COSTING AND VARIANCE ANALYSIS 261 - 364
Module 6. Standard Costing and Variance analysis 263 - 364
6.1 Material and Labour Variances
6.2 Variable Overhead Variance
6.3 Fixed Overhead Variance
6.4 Sales Variance
6.5 Interpretation of Variances and Inferences Drawn
SECTION E: FORECASTING, BUDGETING AND BUDGETARY CONTROL 365 - 446
Module 7. Forecasting, Budgeting and Budgetary Control 367 - 446
7.1 Introduction
7.2 Rationale for Budgets
7.3 General principles in the Budgetary process
7.4 Formulation of various types of Budgets
Contents as per Syllabus
SECTION F: DIVISIONAL PERFORMANCE MEASUREMENT 447 - 510
Module 8. Divisional Performance Measurement 449 - 510
8.1 Organisations with Multiple divisions, Benefits of Decentralization
8.2 DuPont Analysis
8.3 Divisional Performance Measurement tools – ROI, Residual Income
8.4 Economic Value Added – Definition, EVA Centre, EVA Drivers
8.5 Introduction to Learning Curve
8.6 Balanced Score Card for Variable Pay Management
SECTION G: RESPONSIBILITY ACCOUNTING 511 - 536
513 - 536
Module 9. Responsibility Accounting
9.1 Concept of Cost, Revenue, Profit and Responsibility Centres
9.2 Preparation of Responsibility Report
SECTION H: DECISION THEORY 537 - 593
539 - 593
Module 10. Decision Theory
10.1 Decision Making under Certainty
10.2 Decisions Making under Risk
10.3 Decision Making under Uncertainty
10.4 Decision Tree