CA IPCC Syllabus Nov 2018 Amendments (Old Students)

IPCC Amendments Nov 2018 and CA IPCC Syllabus Nov 2018 : CA IPCC Syllabus Changes for Old Students & New Students is the same, and ICAI Amendments Notification applicable for Nov 2018 Group 1 & 2 was articulated in this post & in PDF. The Syllabus of CA IPCC changes every two attempts. Same is the case this time too. The Syllabus for Nov 2018 will be different in few subjects when compared to the syllabus that was applicable for previous Exam. The CA IPCC Syllabus of Subjects like Accounts, Tax, Law and Auditing might see new changes and amendments for Nov 2018 exam. Subject wise amendments will be soon updated on FinApp Android App in coming days and students are suggested to keep using our app.

Details of CA IPCC Syllabus and Amendments

Syllabus Changes 4%
Major Changes in GST Only
Amendments Subject Wise Given below

Accounts IPCC Syllabus Changes Nov 2018

There is only one Change and Amendment in CA IPCC Accounts Syllabus. The newly introduced Indian Accounting Standards will be applicable for CA IPCC Nov 2018 Exam.

However, only the basics and introduction to the Indian Accounting Standards will be applicable for CA IPCC Nov 2018 Syllabus.

AS-6 has been removed and merged with AS-10. So, for Nov 2018 exam, students need to study the revised AS-10.

IPCC Law Syllabus Changes Nov 2018

In Company Law Syllabus, there is only one new amendment. Apart from this, Students can study the existing syllabus only for Nov 2018 exam too.

Applicability of New Gratuity Limit

The Government has increased the Maximum Gratuity limit. Earlier the limit was Rs.10 Lakhs. Now, the new limit is set at Rs.20 Lakhs. Students are requested to take note of this change which is relevant for Gratuity Chapter in Business Laws.

Costing FM IPCC Syllabus Changes Nov 2018

Costing and Financial Management is one of such papers that is very static in nature. The Syllabus hasn’t changed for the past 5 years and will remain the same for CA IPCC Nov 2018 and November 2017 exams too.

Tax IPCC Syllabus Changes Nov 2018

Starting Nov 2018, GST will be applicable for CA IPCC Students for a total of 50 Marks.

There are some significant amendments in GST Portion. All these amendments will be soon communicated to our users using FinApp Connect Android App.

To make the preparation of IPCC Tax Syllabus easier, we will recommend students to go through our free Revision Notes for Tax (Both Direct Tax and Indirect Tax). These notes are provided in PDF format to easily view on Mobile devices.

In there, we have provided all relevant notes for CA IPCC students including the latest amendments in Indirect Taxes part like Service Tax and CCR.

IPCC Advanced Accounts Syllabus Nov 2018

As far as CA IPCC Advanced Accounts paper is concerned, there are no new Amendments or changes in the syllabus.

Just like in the case of Group-1 Accounts paper, student need to study the basic of Indian Accounting Standards.

CA IPCC Audit Syllabus Changes

There are three Amendments in Audit Syllabus applicable for November 2018 exams and these are summarised below by finapp editorial board. These changes are based on the Companies Amendment Act. These Audit amendments are applicable for both Old and New Syllabus students.

1. Amendment in Section 140:

When an Auditor Resigns from the company, he has to intimate the same to ROC within 30 days of resignation. Failure of this will attract penalty. Earlier, the penalty is Minimum of Rs.50,000 and Maximum of Rs.5 Lakh.

Now, After Amendment, the penalty is, Fifty Thousand or the Remuneration of the Auditor, whichever is less.

2. Amendment in Section 143 : Powers of Auditors

Earlier, Auditor of a Holding Company has power to access the books of Subsidiary Company.

Now, after the amendment, Auditor has power to access books of both Subsidiary and also Associate Companies.

3. Amendment in Section 148 – Cost Audit:

Earlier, this provision was applicable to Cost Accountant in Practice. Now, after amendment, it is applicable to all Cost Accountants.

IPCC IT SM Syllabus Nov 2018

Just like Costing FM syllabus, you will not find many changes in the syllabus of CA IPCC Information Technology (IT) and Strategic Management (SM) papers.

Conclusion

All the above-mentioned changes and syllabus for CA IPCC will be applicable for Nov 2018 only.