Paper 5: Advanced Management Accounting
(One paper – Three hours – 100 marks)
Level of Knowledge: Advanced knowledge
Objectives:
To apply various management accounting techniques to all types of organizations for planning, decision making and control purposes in practical situations.
To develop ability to apply quantitative techniques to business problems
* The Council has decided to exclude these topics effective from May, 2011 examination onwards.
Paper 6: Information Systems Control and Audit
(One paper – Three hours – 100 marks)
[Applicable up to May, 2014 Examination]
Level of Knowledge: Advanced knowledge
Objective:
To gain application ability of necessary controls, laws and standards in computerized Information system.
Contents:
Revised Syllabus – Applicable from November, 2014 Examination onwards
(One Paper- Three hours - 100 marks)
Level of Knowledge: Advanced knowledge
Objectives:
"To develop competencies and skill-sets in evaluation of controls and relevant evidence gathering in an IT environment using IT tools and techniques for effective and efficient performance of accounting, assurance and compliance services provided by a Chartered Accountant".
Contents:
Note – If new legislations are enacted in place of the existing legislations relating to income tax and wealth tax, the syllabus will accordingly include such new legislations in the place of the existing legislations with effect from the date to be notified by the Institute.
Paper 7: Direct Tax Laws
(One Paper- Three hours - 100 marks)
Level of Knowledge: Advanced knowledge
Objectives:
(a) To gain advanced knowledge of the provisions of direct tax laws,
(b) To acquire the ability to apply the knowledge of the provisions of direct tax laws to various situations in actual practice.
Contents:
Note – If new legislations are enacted in place of the existing legislations relating to income tax and wealth tax, the syllabus will accordingly include such new legislations in the place of the existing legislations with effect from the date to be notified by the Institute.
Paper 8: Indirect Tax Laws
(One paper – Three hours – 100 marks)
[Applicable up to May, 2014 Examination]
Level of Knowledge: Advanced knowledge
Objective:
(a) To gain expert knowledge of the principles of the laws relating to central excise customs and service tax,
(b) To acquire the ability to apply the knowledge of the provisions of the above-mentioned laws to various situations in actual practice.
Contents:
Section A: Central Excise (40 Marks)
Central Excise Act, 1944 and the related Rules, Circulars and Notifications; Central Excise Tariff Act, 1985 and the related Rules.
Section B: Service Tax & VAT (40 Marks)
Law relating to service tax as contained in the Finance Act, 1994 as amended from time to time and the related Rules, Circulars and Notifications.
Issues related to Value Added Tax:
Section C: Customs (20 Marks)
Note – If new legislations are enacted in place of the existing legislations relating to central excise, customs and service tax, the syllabus will accordingly include such new legislations in place of the existing legislations with effect from the date to be notified by the Institute. Students shall not be examined with reference to any particular State VAT Law.
Revised Syllabus – Applicable from November, 2014 Examination onwards
(One Paper – Three hours – 100 marks)
Level of Knowledge: Advanced knowledge
Objectives:
(a) To gain advanced knowledge of the principles of the laws relating to central excise, service tax and customs
(b) To acquire the ability to apply the knowledge of the provisions of the above-mentioned laws to various situations in actual practice
Contents:
Section A: Central Excise (25 marks)
Central Excise Act, 1944 and the Central Excise Tariff Act, 1985
Section B: Service Tax (50 marks)
Law relating to service tax as contained in the Finance Act, 1994 as amended from time to time
Section C: Customs and Foreign Trade Policy (25 marks)
Customs Act, 1962, Customs Tariff Act, 1975 and Foreign Trade Policy to the extent relevant to the Customs Law
Note – If new legislations are enacted in place of the existing legislations relating to central excise, customs and service tax, the syllabus will accordingly include such new legislations in place of the existing legislations with effect from the date to be notified by the Institute.