CA IPCC Important Topics Expected Questions MAY 2018 Exams are provided for Group 1 & Group 2. These Important topics and Expected Questions for CA IPCC are prepared based on inputs from All India Topper and Rankers, for theory subjects and Important Chapters and Expected Questions for IPCC are provided for Practical subjects. The Important topics we provide here are prepared based on statistical analysis. Merge these topics into IPCC Study Plan prepared by CA IPCC Ranker to score high marks. In This Post we have listed out CA IPCC Important Chapters in Accounts, Law Important Questions and Expected Questions, Costing FM Important Chapters, Tax Important Topics and Expected Questions in Direct Tax and Indirect Tax, Auditing Important Topics, Advanced Accounting Important Chapters for CA IPCC and finally IT SM most important questions and Expected Questions for CA IPCC exam, along with marks weightage.
These Important Topics will cover at least 50% of the total syllabus. Students must note that, these important topics are to be given order of importance while studying for exams and we recommend not to leave out any topics.
Important Auditing Standards
| SA 230 | Audit Documentation |
| SA 330 | Auditor’s Response to Risks |
| SA 450 | Evaluation of Misstatements |
| SA 505 | External Confirmations |
| SA 520 | Analytical Procedures |
| SA 610 | Using Internal Auditors work |
| SA 710 | Comparative Information |
Accounts – IPCC Important Topics MAY 2018 Group 1
| Topic | Weightage |
| AS 6: Depreciation | 5 Marks |
| AS 9:Revenue Recognition | 5 Marks |
| Partnership Accounts | 16 Marks |
| Reconstruction | 16 Marks |
| Cash Flow Statement | 8 Marks |
| Investment Accounts | 8 Marks |
| Average Due Date | 4 Marks |
| Hire Purchase | 4 Marks |
| AS 2: Valuation of Inventories | 4 Marks |
Company Law – IPCC Important Topics MAY 2018 Group 1
| Topic | Weightage |
| Objects Clause of Memorandum | 6 Marks |
| One Person Company | 6 Marks |
| Public Financial Institutions | 5 Marks |
| Red Herring Vs Shelf Prospectus | 6 Marks |
| Misstatement in Prospectus | 6 Marks |
| Acceptance of Deposits | 8 Marks |
| Debentures | 6 Marks |
| Buy Back of Shares | 8 Marks |
| Private Placement of Shares | 6 Marks |
| Registration of a Charge | 5 Marks |
| Voting through Postal Ballot | 5 Marks |
| General Meeting Notice | 4 Marks |
| Chairman Powers in a Meeting | 4 Marks |
Communication – IPCC Important Topics MAY 2018 Group 1
| Topic | Weightage |
| Process of Communication | 7 Marks |
| Merits of Oral Communication | 5 Marks |
| Formal Vs Informal Communication | 8 Marks |
| Grapevine Chains | 5 Marks |
| Barriers to Communication | 5 Marks |
| Tips for Improving Inter Personal Communication | 4 Marks |
| Importance of Active listening | 4 Marks |
| Emotional Intelligence | 5 Marks |
| Group Conflicts | 4 Marks |
| Negotiation Techniques | 5 Marks |
| Guidelines to handle Communication Ethical Dilemmas | 5 Marks |
| Elements which can influence an organisation culture | 4 Marks |
| Draft General Meeting Notice | 6 Marks |
| Components of a Partnership deed | 5 Marks |
| Draft an Affidavit | 5 Marks |
| Draft a Gift Deed | 4 Marks |
Ethics – IPCC Important Topics MAY 2018 Group 1
| Topic | Weightage |
| Business Trusteeship | 5 Marks |
| Fundamental principles relating to ethics | 4 Marks |
| Corporate Social Responsibility | 5 Marks |
| Different committees in Corporate Governance | 5 Marks |
| How CSR minimises ecological damage | 4 Marks |
| Factors that influence ethical behaviour at work | 4 Marks |
| Discrimination in an organisation | 4 Marks |
| Managing Ethics and preventing whistle blowing | 5 Marks |
| Acid Rain | 4 Marks |
| Ecological Ethics and Green Accounting | 5 Marks |
| Consumer in Personal use Vs Commercial use | 5 Marks |
| Central Consumer Protection Council | 4 Marks |
| Threats faced by Accounting professional | 4 Marks |
Costing FM – IPCC Important Topics MAY 2018 Group 1
The trick to score good marks in Costing and Financial Management paper is that, you need to practice as many as problems on book. Toppers have specifically stated that, Practice Manual is the best book to prepare Costing and FM.
Spend more time on high scoring chapters like Marginal Costing and Overheads.
| Topic | Weightage |
| Overheads | 8 Marks |
| Marginal Costing | 8 Marks |
| Contract Costing | 8 Marks |
| Materials | 5 Marks |
| Labour Theory | 4 Marks |
| Investment Decisions | 8 Marks |
| Financial Risk | 8 Marks |
| Ratios | 5 Marks |
| Funds Flow | 8 Marks |
Tax – IPCC Important Topics MAY 2018 Group 1
Tax is a very tricky paper in the entire first group of IPCC. It is also one of the most time consuming paper during exam preparation. Students are recommended to first concentrate on Indirect Taxes portion, as it a high scoring part with very less preparation time.
Start with Central Excise and then move on to VAT. We would recommend ICAI Practice Manual for this.
In the Direct Taxes part, start with Salaries chapter and then study Residential Status and Scope of Total Income. Then move on to Income from House Property and then Capital Gains.
Information Technology (IT) Imp Topics MAY 2018 – Group 2
| Ch. | Topic | Marks |
| 1 | Business Process Re-engineering | 5 Marks |
| 1 | Organisational Vs Operational Processes | 4 Marks |
| 1 | Business Process Automation | 5 Marks |
| 2 | Risks of IT | 4 Marks |
| 2 | RISC Vs CISC | 5 Marks |
| 2 | Relational Vs Network Database Model | 4 Marks |
| 2 | Functions of an Operating System | 5 Marks |
| 3 | LAN Vs WAN | 4 Marks |
| 3 | Star Vs Ring Networks | 4 Marks |
| 3 | Network Interface Card, Modem, Bridge, Router | 4 Marks |
| 3 | N-Tier Architecture | 5 Marks |
| 3 | OSI Model | 6 Marks |
| 3 | Network Vulnerability | 4 Marks |
| 3 | Firewall and its techniques | 5 Marks |
| 3 | Five Rules of Extranet | 4 Marks |
| 3 | Benefits and Risks of E-Commerce | 5 Marks |
| 4 | Office Automation Systems | 4 Marks |
| 4 | Management Information Systems | 5 Marks |
| 4 | Customer Relationship Management | 4 Marks |
| 4 | Expert Systems | 4 Marks |
| 5 | Types of Business Applications | 4 Marks |
| 5 | BPA Controls | 5 Marks |
| 5 | Grid Computing | 4 Marks |
Strategic Management Imp Topics MAY 2018 – Group 2
While preparing for Strategic Management Syllabus, students are advised to learn the practical aspects of the syllabus. Entire SM Question paper will be based on practical examples.
The first 2 chapters of SM contain only theory questions. From 3rd chapter, entire syllabus has practical importance and all questions are example based. Out of all the syllabus, Chapters 4 and 6 are very important.
For Strategic Management, Practice Manual is recommended for exam preparation as most of the questions are directly asked from this book only.
| Ch. | Topic | Marks |
| 1 | Demographic Environment | 4 Marks |
| 1 | PESTLE Analysis | 5 Marks |
| 1 | Ethnic Mix | 4 Marks |
| 1 | Porter 5 Forces Model | 5 Marks |
| 1 | Globalisation | 5 Marks |
| 2 | Mission Vs Vision | 4 Marks |
| 2 | Functions of an Operating System | 5 Marks |
| 2 | Benefits of Corporate Strategy | 4 Marks |
| 2 | SWOT Analysis | 4 Marks |
| 3 | Triggers of Change | 5 Marks |
| 3 | Strategic Analysis | 5 Marks |
| 3 | General Electric Model | 5 Marks |
| 3 | Portfolio Analysis | 4 Marks |
| 4 | Cost Leadership Vs Differentiation Strategies | 5 Marks |
| 4 | Divestment Strategy | 4 Marks |
| 4 | Turnaround Strategy | 5 Marks |
| 5 | Marketing Mix | 5 Marks |
| 5 | Production Strategy Formulation | 5 Marks |
| 5 | R&D Strategy | 4 Marks |
| 6 | Issues in Strategy Implementation | 5 Marks |
| 6 | SBU Structure and Core Competence | 4 Marks |
| 6 | Value Chain and Linkages | 5 Marks |
| 6 | Leadership Role in Strategy Implementation | 4 Marks |
| 7 | Total Quality Management | 5 Marks |
| 7 | DMAIC Vs DMADV | 5 Marks |
| 7 | TQM Guidelines | 4 Marks |
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