lvl-02--  CA IPCC

           paper-icon   6 Papers       video-icon   830+ Hrs

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CA Srikanth M S
CA Srikanth M S
CA Chinmaya Hegde
CA Chinmaya Hegde
CA Malaya Panda
CA Malaya Panda
CA Rochelle D'sa
CA Rochelle D'sa
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Paper 1
Accounting

Accounting is the ‘Universal Language of Business’. It is the vehicle for reporting financial information about a business entity to the stakeholders.You have been familiarized with the fundamental concepts, conventions, policies and principles of Accounting at the CA Foundation level. And at IPCC level, you will be learning Accounting Standards, preparation of financial statements and accounting for company accounts.

Financial statements are the reports that quantify the financial strength, financial performance and liquidity of the company. Financials are prepared by the management of the company and audited by Chartered Accountants.

The financials shall be prepared following Accounting Standards in convergence with IFRS. This ensures accuracy and adequate disclosures in the financial statement which helps in making financing and investment decisions.

CA IPCC students are required to know the Companies Act, 2013 to understand the procedure and concept for preparing Company Accounts.

CA IPCC Online video lectures of LearnCab helps you understand the application of Accounting Standard in preparing Financial Statements.

 CA IPCC Online video lectures of LearnCab provides comprehensive lectures on-

  1. Accounting Standards, Financial Statements of Companies, Profit or Loss Pre and Post Incorporation, Accounting for Bonus Issue, Internal Reconstruction, Amalgamation.
  2. Average Due Date and Account Current,Self Balancing Ledgers, Financial Statements of Not-For-Profit Organisations, Investment Accounts, Accounts from Incomplete Records, Hire Purchase and Instalment Sale Transactions, Insurance Claims for Loss of Stock and Loss of Profit, Issues in Partnership Accounts, Accounting in Computerised Environment

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CS Dattatri H M
CS Dattatri H M
CA Rajiv Rabindran
CA Rajiv Rabindran
CA Anu Shree Agrawal
CA Anu Shree Agrawal
Ananth Kumar N
Ananth Kumar N
CS Akshata Rao
CS Akshata Rao
Dr. Madhusudhanan C V
Dr. Madhusudhanan C V
CS Mohan Kumar BK
CS Mohan Kumar BK
CA Thulasi Lakshmi
CA Thulasi Lakshmi
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Paper 2
Business Laws, Ethics and Communication

Chartered Accountants are expected to have knowledge of various business and commercial laws for giving valuable suggestions and opinions. Company law is the legislative enactment for the administration and regulation of Companies. In CA IPCC, Company Law is introduced in your syllabus to give you brief insights about the formation, administration, management and conduct of the affairs of the companies.

Companies Act is the base for many other laws. It links and incorporates various other business laws, such as the Contract Act, Negotiable Instruments, Gratuity, PF, etc that has direct regulation on the company. Hence CA IPCC students have to be updated with various business laws.

Ethics forms a core part of any profession and it is indeed imperative for the CA IPCC students to know the value of ethics in business.

Business Ethics is the application of ethical principles and methods of analysis to the business. Business ethics deals with the study that has been given its due importance in business, commerce and industry. Hence, you are expected to be aware of the application of various laws applicable to different industries and supporting corporates in adhering with these laws both in letter and spirit.

Good communication skills and a sound understanding of related legal deeds and documents are crucial for CA IPCC students. Better communication skills and presentation skills add up value in your career.

LearnCab Online video lectures nurture and develop the communication and behavioral skills to excel in CA career.

CA IPCC Online video lectures of LearnCab provides comprehensive lectures on –

  1. Business Law – Company Law, Contract Act, Negotiable instruments, Payment of Bonus, Employees Provident Fund and Gratuity Act.
  2. Ethics – Principles of Business Ethics, Corporate Governance and Corporate Social Responsibility, Workplace Ethics, Environment & Ethics, Ethics in Marketing and Consumer Protection, Ethics in Accounting and Finance.
  3. Communication – Essentials of Communication, Interpersonal Communication Skills, Communicating Corporate Culture, Change and Innovative Spirits, Group Dynamics, Communication Ethics, Communication in Business Environment.
  4. Basic understanding of legal deeds and documents.

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CMA Raveendranath Kaushik
CMA Raveendranath Kaushik
CA Hariharan K
CA Hariharan K
CA Vageesh Hegde
CA Vageesh Hegde
Venkitakrishnan Hariharan
Venkitakrishnan Hariharan
CA Chinmaya Hegde
CA Chinmaya Hegde
CA Ashwini KK
CA Ashwini KK
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Paper 3
Cost Accounting and Financial Management

Many a time you find Price variations in 2 similar products of different industries. This price difference is influenced by various factors such as the difference in method and rates of depreciation, labor cost, rent, or price and efficiency of plant and machinery, etc. which directly influences the cost of the product.

Cost is a measurement of the amount of resources used for the production of goods or rendering services.  Managing the cost directly influences the price reduction of product and increase in profit.

Cost Accounting helps in understanding the basic concepts and applications of cost principles to determine the cost of the product including the mechanism of Cost control and cost reduction.

Financial management is managing the finance of an organization for creating wealth and gain maximum profits for the organization taking into consideration the risk involved in the business.

Good financial management is very important for an organization. It brings economic growth and development through investments, financing, dividend and risk management decision which help companies to undertake better projects.

Capital budgeting is the allocation of financial resources among the available opportunities. Structuring or designing the capital considering the owner’s contribution and debt structure is very crucial to have an optimized capital structure. The study of this paper helps in taking wise capital budgeting decisions and advising the best capital structure for the organization.

Management accounting is an applied discipline used in assigning value and revenue attribution to various business units. It also helps to give expert advice in financial reporting for the formulation and implementation of organizational strategies.

Knowledge of Cost and Financial Management helps Chartered Accountants in assisting Board, taking management decisions, Investment decisions, formulation of cost planning and setting an efficient cost control mechanism. Hence, this subject Cost and Fianacial Management for CA IPCC is marked important to endeavor in the industry sector.

CA IPCC Online video lectures of LearnCab provide a comprehensive study on –

  1. Cost Accounting – Material Cost, Labour cost and Overheads.
  2. Management Accounting – Non Integrated Accounts, Unit and Batch costing, Job and Contract costing, Process and Operation Costing, Joint products and By-products, service costing, Standard costing, Marginal costing, Budget and Budgetary Control.
  3. Financial ManagementScope and Objectives of Financial Management, Time Value of Money, Financial Analysis and Planning, Financing Decisions, Types of Financing and Investment Decisions.

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CA Praveen Jain
CA Praveen Jain
CA Cotha S Srinivas
CA Cotha S Srinivas
CA Jose Kurian
CA Jose Kurian
CA Ram Patil
CA Ram Patil
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Paper 4
Taxation

Taxes are the greatest source of revenue for the Government. Various developments, activities, facilities, an expenditure of every other kind made by the Government for the welfare of the society is from the contribution of the people in the form of tax.

Tax laws have been in existence from Kautilya’s ages. A share in the profit had to be contributed to the King and such contribution is termed as Tax in the current era. Later, the British also collected taxes on income. After Independence, this tax law was freshly introduced through the Income Tax Act, 1961 for collecting and regulating tax laws.

At CA IPCC level, Tax Laws include a study of Direct Tax and Indirect Tax.

The CA IPCC students need to be aware of various provisions and tax implications on the income earned, not only by individuals but also in the hands of various entities.

There are various provisions where tax is levied on

  • Direct as well as Indirect Tax
  • Income earned by the person under the 5 heads of Income
  • clubbed income (earned by spouse and child)
  • a business that is shut down/ merged
  • undisclosed income (called the Black Money)
  • income earned by NRI
  • tax on foreign income
  • Income earned by various entities (partnership, trust, company etc)
  • Instances where directors are liable to pay the tax of the company
  • TDS, TCS

CA IPCC students should be well versed with various exemptions, incentives, relief available to the taxpayers to guide clients in tax saving and tax planning.

CA IPCC Online video lectures of LearnCab provides you a comprehensive study on –

  1. DIRECT TAXES – Basic concepts of Income Tax, Residence and Scope of Total Income, Income which do not form part of total income, Computation of Income under Various Heads, Clubbing provisions and Set-Off and/or Carry Forward of Losses, Deductions from Gross Total Income & Rebate and Relief, Computation of Total Income, TDS, TCS, Advance Tax, Provisions for filing return of Income and Self-assessment.
  2. Indirect Taxes – Goods and Service Tax – supply, Charge under GST, Exemptions, Time and Value of Supply, ITC, Registration, Credit and Debit note, E-way bill, Payment of tax and Returns.

Online video lectures of LearnCab solve major case studies that assist CA IPCC students in solving problems in practical scenarios.

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CA Chinmaya Hegde
CA Chinmaya Hegde
CA Srikanth M S
CA Srikanth M S
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Paper 5
Advanced Accounting

Accounting is the ‘Universal Language of Business’. It is the vehicle for reporting financial information about a business entity to the stakeholders.

You have been familiarized with the fundamental concepts, conventions, policies and principles of Accounting at CA Foundation level.

CA IPCC level, you will be learning Accounting Standards, preparation of financial statements and accounting for company accounts, Partnership accounts, Insurance and Banking Companies and accounts for branches including Foreign Branches.

In the fifth paper “Advanced Accounting” rest of the Accounting Standards are studied in detail including the practical problems based on application of AS like contingencies and events occurring after B/s date (AS 4), Net profit and changes in accounting policies (AS 5), effect of changes in Foreign exchange rates (AS 11), Government grants (AS 12), Borrowing costs (AS 16), Leases (AS 19), EPS (AS 20), Intangible Assets (AS 26) and Provisions, contingent liabilities and assets (AS 29)

CA IPCC students are required to know the Companies Act, 2013 to understand the procedure in preparing Company Accounts, advanced issues in partnership accounts and Branch accounts.

CA IPCC Online video lectures of LearnCab helps you understand the application of Accounting Standard in preparing Financial Statements, prepare cash flow statements, valuation of goodwill etc.

CA IPCC Online video lectures of LearnCab also solve practical problems and apply theoretical knowledge to practical problem-solving scenarios which will have a significant advantage in preparing for the exams.

CA IPCC Online video lectures of LearnCab provides comprehensive lectures on-

  1. Framework for preparation and presentation of financial statements, Accounting standards and advanced issues in partnership accounts.
  2. Company accounts, financial statements of Insurance companies.
  3. Financial statements of Banking companies, Departmental accounts and accounting for branches including Foreign branches.

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CA Vikas Oswal
CA Vikas Oswal
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Paper 6
Auditing and Assurance

Financial statements are considered as the report that quantifies the financial performance of the company. Management of the company prepares the financial statements and only when auditor issues audit certificate, such audited financial statements are considered as reliable by stakeholders.

There is a well-known saying that “where the function of Accountant ends, Audit begins, to determine the true and fair picture of such accounts”. The audit is conducted to obtain reasonable assurance that financial statements are free from misstatement/incomplete and are reliable. The audit also assures that the financials are prepared following accounting policies and principles and all material transactions are properly disclosed.

Auditing is one of the core competency areas in the CA profession and knowledge of the auditing procedure is very important.

At CA IPCC level, this subject helps you understand the Generally Accepted Auditing Procedures and be thorough with the techniques and skills needed to apply in your Audit Engagement.

CA IPCC students must study the subject integrating the knowledge acquired in other subjects, specifically accounting and corporate laws to achieve excellence in CA career.

CA IPCC Online video lectures of LearnCab provides comprehensive lectures on-

  1. Nature and scope of Audit, Basic concepts in auditing, Preparation for an Audit, Internal control and Vouching Control.
  2. Verification of Assets and Liabilities, the company Audit and Special Audits.

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