IPCC Group II Syllabus: A Summary

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IPCC Group II Syllabus: A Summary

Group II of the Intermediate (Integrated Professional Competence) Course (IPCC) consists of three papers– Paper 5, Paper 6, and Paper 7. 

Paper 5: Advanced Accounting

1. Framework for penetration and presentation of financial statements
2. Accounting standards
3. Advanced issues in partnership[ accounts and issues related to accounting in Limited Liability Partnerships (LLP)
4. Company accounts
5. Accounting for special transactions

Paper 6: Auditing and Assurance

1. Auditing concepts
2. Standards on auditing and guidance notes
3. Auditing engagement
4. Documentation
5. Audit evidence
6. Internal control
7. Auditing sampling
8. Analytical review procedures
9. Audit of receipts
10. Audit of payments
11. Audit of sales
12. Audit of purchases
13. Audit of impersonal ledger 
14. Audit of debtors’ ledger and suppliers’ ledger
15. Audit of assets and liabilities
16. Company audit
17. Audit report
18. Features and basic principles of government audit, Comptroller and Auditor General (CAG) and its constitutional rate, Local bodies and not-for-profit organizations
19. Special points in audit of different types of undertakings, i.e., Hospitals, Educational institutes; Hire-purchase and leasing companies; Clubs; Hotels; Hire-purchase and leasing companies ( excluding electricity companies, insurance companies, banks, and cooperative societies)

Paper 7: Information Technology

Section A: Information Technology

1. Business process management and IT
2. Information systems and IT fundamentals
3. Telecommunication and networks
4. Business information systems
5. Business process automation through application software

Section B: Strategic Management

1. Business environment
2. Strategic planning
3. Strategic analysis
4. Business policy and strategic management
5. Formulation of functional strategy
6. Strategy implementation and control
7. Planning strategic edge