ACCOUNTING - Welcome to Master Minds of Past exam questions of IPCC... · ACCOUNTING Cash Flow Statement ... M15 – Assignment Refer it once75 5 Similar to Refer it once ... Bailment

ANALYSIS OF PAST EXAM QUESTIONS OF IPCC – ALL SUBJECTS (SHORT FORM)

BASED ON 33rdEDITION OF MM MATERIAL______________________________________________ 1

ACCOUNTING

Cash Flow Statement:

Details of SCANNER

Details in MM Material – 33e (If covered) Comment (In case of uncovered)

Year Page No.

SOURCE Page Pr. No. Status For Students of

Schedule 1 For others

M06 1.69 – – – Not Covered Refer it once Refer it once

N04 1.82 – – – Not Covered Refer it once Refer it once


N14 – Assignment 204 2 Similar to Refer it once Refer it once

M15 – – – – – Refer it once Solve it once

Self–Balancing Ledger:


Company Accounts – Preparation of Financial Statements:


M08 1.58 Classroom 253 7 Not Covered Refer it once Refer it once



Average Due Date:



Alteration & Conversion of Share Capital:





Accounting for Business Acquisition, Amalgamation & Reconstruction:










M15 – – – – – Solve it once Solve it once

Investment Accounts:




M15 – Assignment 67 1 Similar To – Refer it once

Partnership Accounts:











M15 – Assignment 167 16 Similar to Refer it once Refer it once

Insurance Claims:







N14 – Classroom 63 10 Not covered Solve it once Solve it once


Account Current:


Non–Trading Concerns:




N14 – Assignment 103 5 Similar to Refer it once Refer it once

M15 – – – – – Refer it once Refer it once

Account from Incomplete Records:









M15 – Classroom 115 9 Similar to Refer it once Refer it once

Hire Purchase & Installment Sale transaction:













Note (relating to Accounting Standards):– All past examination questions were covered in TAXMANN (RANGAY) book and additional material for accounting standards (Master Minds). Refer it once were already made in those materials.

ADVANCED ACCOUNTING

Company Accounts [ESOP & Buy Back of shares]

Details of SCANNER


Year Page No. SOURCE Page Pr. No. Status For Students of



Dissolution of Partnership Firms:

M15 – THEORY – – – Refer it once Refer it once

Amalgamation, Conversion & Sale of Partnership Firms

Branch Accounts:

Departmental Accounts:

Financial Statement of Banking Companies:




Redemption of Debentures:

M15 – Theory – – – Refer it once Refer it once

Liquidation of Companies:

Financial Statements of Insurance Companies:

N13 5.260 – – – Not covered Refer it once Refer it once

N98 5.261 Assignment – – Not covered Refer it once Refer it once


M15 – – – – Not covered Refer it once Refer it once

Financial Statements of Electricity Companies:

N14 – Theory 177 – Similar to Refer it once Refer it once

Underwriting of Shares & Debentures:

Amalgamation & Reconstruction:

M15 – Assignment 37 4 Similar to – Refer it once

Note (relating to Accounting Standards):– All past examination questions were covered in TAXMANN (RANGAY) book and additional material for accounting standards (Master Minds). Refer it onceences were already made in those materials.

LAW COMPANY LAW

Basic Concepts, Classes of Companies & COI:

Details of SCANNER






N07 2.266 Classroom – – Not covered Refer it once Refer it once

M11 2.268 Classroom – – Not covered Refer it once Refer it once



MOA & AOA:





M10 2.301 Practical – – Not Covered Refer it once Refer it once



M 14 – Practical – – Not covered Refer it once Refer it once

Provisional Contracts:

N09 2.304 Classroom – – Not Covered Refer it once Refer it once

M10 2.305 Classroom – – Not Covered Refer it once Refer it once


Promoters and Company Law Administration:


Prospectus: (book no. 6B)







N04 2.324 Practical – – Not Covered Refer it once Refer it once

M 14 – – – – Not covered Refer it once Refer it once

Allotment of Shares: (book no. 6B)








M 14 – Theory – – Not covered Refer it once Refer it once

Membership Contracts: (book no. 6B)


Share Capital: (book no. 6B)






Share Certificate & Share Warrant: (book no. 6C)




Transfer & Transmission of Shares: (book no. 6C)

M00 2.382 Theory – – Not Covered Refer it once Refer it once


Forfeiture of Shares: (book no. 6C)

Bonus Shares & Debentures: (book no. 6C)







Registration of Charge: (book no. 6C)




Meetings:





M15 – – – – Not Covered Refer it once Refer it once

BUSINESS LAW

Contract of Indemnity & Guarantee:




Bailment & Pledge:






Agency:







The Negotiable Instruments Act, 1881:















The Payment of Bonus Act, 1965:

The Employees Provident Funds & Miscellaneous Provisions Act, 1952:


The Payment of Gratuity Act, 1972:

N 14 – Classroom – – Not Covered Refer it once Refer it once

BUSINESS COMMUNICATION

Essentials of Communication:








Interpersonal Communication Skills:


Group Dynamics:




Communication Ethics:

Communicating Corporate Culture, Change and Innovative Sprits:

J05 2.595 – – – Not Covered Refer it once Refer it once

Communication in Business Environment:



M 14 – – – – Not covered Refer it once Refer it once


Basic Understanding of Legal Deeds and Documents:

BUSINESS ETHICS



Principles of Business Ethics:


Corporate Governance & Corporate Social Responsibility:


Ethics in Workplace:



– – – Not Covered Refer it once Refer it once


M15 – Classroom 68,71 5, 7 Similar to – Refer it once

Environmental Issues:


Ethics in Marketing & Consumer Protection:









Ethics in Accounting & Finance:



COST ACCOUNTING

Basic Concepts:

Details of SCANNER


Year Page No. SOURCE Page Pr. No. Status For Students of Schedule 1 For others






Material Cost:

Theory – – Not Covered Refer it once Refer it once

Theory – – Not Covered Refer it once Refer it once


Employee Cost:

M07 3.89 Theory – – Not covered Refer it once Refer it once

M09 3.92 Theory – – Not covered Refer it once Refer it once

M10 3.93 – – – Not covered Refer it once Refer it once





Overheads:















Integrated & Non–Integrated Accounts:




Marginal Costing:






























N13 3.423 Theory – – – Refer it once Refer it once

N13 3.423 Theory – – – Refer it once Refer it once


Standard Costing:






















Operating Costing:




Contract Costing:

N11 3.243 Theory – – Not Covered Refer it once Refer it once

N14 – Class room 148 4 Similar to Refer it once Refer it once

Job & Batch Costing:


Reconciliation:











Process Costing:


Budgetary control:

M14 – Theory – – Not Covered Refer it once Refer it once

N14 – – – – Not Covered Refer it once Refer it once

Joint Products & By Products:




FINANCIAL MANAGEMENT

Scope & Objectives of F.M:

Details of SCANNER






Time Value of Money:

Financial Analysis and Planning:





N08 3.607 – Not covered Refer it once Refer it once




M15 – – – – – Refer it once Solve it once

Financing Decisions (Cost of Capital, Capital Structure):

N08 3.643 “ – – Not covered Refer it once Refer it once















Business Risk, Finance Risk, Leverage:











Types of Financing:

M06 3.714 “ 337 332

22 16

Same as Same as

–

Refer it once

–

Refer it once

M12 3.724 “ – – Not covered Refer it once Refer it once



International Finance:

M98 3.727 Theory 344 31 Same as Refer it once Refer it once

M06 3.728 “ 343 29 Same as Refer it once Refer it once

M03 3.729 3.729

“ – –

– –

Not covered Not covered

Refer it once

Refer it once

Refer it once

Refer it once

Refer it once

Refer it once


Capital Budgeting:


















Meaning, Concept & Policies of Working Capital:








Treasury & Cash Management:

M04 3.824 –

Theory –

305 – 2

Not covered Same as

Refer it once

–

Refer it once

–


N05 3.830 “ 287 – Not covered Refer it once Refer it once




Management of Inventory:


Management of Receivables:

M04 3.858 “(b) (c)

– 367

– 51

Not covered Same as

Refer it once

–

Refer it once

–








Financing of Working Capital:

INCOME TAX Income from Salaries:

Details of SCANNER












M14 – – – Not Covered Refer it once Refer it once

N14 Classroom 46 31 Similar to Refer it once Refer it once

House Property:









Income from other sources:







Capital Gains:











PGBP I & II:







M06 4.142 – – Not Covered Refer it once Refer it once






Clubbing Provisions:





Set off & Carry Forward of Losses:






Deductions:












Computation of Total Income & Tax Payable:












Advance Tax and Interest & TDS:



Return of Income:










M14 – Classroom 226 Past exam

Q.2/3 Similar to Refer it once Refer it once

Basic Concepts:










Exemptions:






M00 4.47 – –

– Not Covered Refer it once Refer it once





















SERVICE TAX



















N14 – Classroom 52 12 Similar to Refer it once Refer it once





N14 – “ 59 3 Similar to Refer it once Refer it once


VALUE ADDED TAX (VAT)










CENVAT CREDIT N14 – Classroom 120 27 Similar to Refer it once Refer it once

CST

CENTRAL EXCISE N14 – – – – Not Covered Refer it once Refer it once


AUDITING

Nature of auditing:

Details of SCANNER Details in MM Material – 32e (If covered) Comment (In case of uncovered)

Year Page No. Page Pr. No. Status For Students of


N09 6.16 – – – Refer it once Refer it once

M10 6.16 – – – Refer it once Refer it once





N14 – 16 6 Similar to Refer it once Refer it once

Concepts of Auditing:









N14 – 30 1 Similar to Refer it once Refer it once

Audit Evidence:









N04 6.52 – – Not Covered Refer it once Refer it once


Preparation of an Audit:



















Capital and Revenue Expenditure:












Company Auditor:




















































































Miscellaneous in company audit:




























Special Audit:









Government Audit:




EDP Audit:






Audit of share capital:












Audit of debentures:




Audit of cash transactions:
















M15 – – – – Refer it once Refer it once

Audit of trading transactions:







Verification and Valuation of Assets:




























Verification of Liabilities:


Internal Control:













Miscellaneous:


SA and Guidance Notes:

Details of SCANNER








N00 6.464 SA 620 104 8 Concept Covered

Refer it once Refer it once

N08 6.469 SA 600 – – Not Covered Refer it once Refer it once


M12 6.476 Introduction – – Not Covered Refer it once Refer it once

M15 – SA–220 17 – Similar to – Refer it once

M15 – SA–580 89 – Same concept Refer it once Refer it once

M15 – SA–260 35 – Similar to Refer it once Refer it once



M15 – ASSB – – – Refer it once Refer it once

STRATEGIC MANAGEMENT Business Environment:

Details of SCANNER




M09 7.317 Fast track – – Not Covered Refer it once Refer it once


Business Policy and Strategic Management:

Fast track – – Not Covered Refer it once Refer it once


Strategic Analysis:




M 08 – Mm material – – Not covered Refer it once Refer it once


Strategic Planning:






Formulation of Functional Strategy:




M15 – Main Material 118 26 Similar to Refer it once Refer it once

M15 – Fast track 141 40 Similar to Refer it once Refer it once

M15 – Main Material 129 38(2) Similar to Refer it once Refer it once

Strategy Implementation of Control:



Reaching Strategic Edge:

INFORMATION TECHNOLOGY In the Information Technology subject till now only two exams is conducted as per revised syllabus. So, there will be only two past exams question paper analysis (N 14, M15) in this subject.

Details of EXAM Details in MM Material – 32e (If covered) Comment (In case of uncovered)

Year Q. No. SOURCE Page Q. No. Status For Students of


1(d) – – – Not covered Refer it once Refer it once

5(a) Book. 23c 12 12 Similar to Refer it once Refer it once

6(a) – – – Not covered Refer it once Refer it once




5(a) Book. 23c 12 12 Similar to Refer it once Refer it once




2 Chapter – 5 – – Not covered Refer it once Refer it once

5(a) Chapter – 3 148 9 Similar to Refer it once Refer it once

7(a) Chapter – 4 – – Not covered Refer it once Refer it once