Plz Share to help other IPCC Students :) IPCC - Topics Excluded, Amendments for Nov 2013 exams Exclusion of Hire Purchase Trading A/c, Stock and Debtors Method from IPCC Syllabus: In Accounting paper, ICAI has made it clear that, these topics are no longer relevant and they are in wrong motion. By this, it is quite clear that ICAI has decided to exclude these topics with immediate effect and so will not be applicable for the upcoming November 2013 exams. Amendments in Acocunting for IPCC Nov 2013 Exams: A. Pronouncements Accounting Standards 1, 2, 3, 6, 7, 9, 10, 13 and 14 are covered in the syllabus. (Text of all applicable Accounting Standards are available in the Appendix I of Volume I of ‘Accounting’ Study Material revised in November, 2012.). B. Announcement relevant for November, 2013 examination Criteria for Classification of Entities and Applicability of Accounting Standards Due to recent changes in the enhancement of tax audit limit, the Council of the ICAI has recently decided to change the 1st criteria i.e. determination of SME on turnover basis for Level II entities from Rs. 40 lakhs to Rs. 1 Crore with effect from the accounting year commencing on or after April 01, 2012. Law Ethics and Communication: There are no topics excluded or New amendments applicable for IPCC Nov 2013, Law Ethics and Communication paper. Costing and FM: There are no topics excluded or New amendments applicable for IPCC Nov 2013, Cost Accounting and Financial Management paper. Taxation: For November 2013 exams, no new topics have been excluded from the Taxation syllabus. However, icai has released applicable amendments for Tax November 2013 Exam.
Posted on: Sun, 29 Sep 2013 19:12:51 +0000
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