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Old June 12th, 2014, 02:37 PM
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Default Re: Syllabus of ICWA Foundation course

As you want to get the syllabus of ICWA Foundation course so here is the information of the same for you:

Some content of the file has been given here:

Section A: Fundamentals of Economics [ 50 marks]
1. Basic Concepts of Economics
(a) The Fundamentals of Economics & Economic Organizations
(b) Utility, Wealth, Production, Capital
(c) Central Problems of an Economy
(d) Production Possibility Curve ( or Transformation Curve)
(e) Theory of Demand ( meaning, determinants of demand, law of demand, elasticity of
demand- price, income and cross elasticity) and Supply ( meaning , determinants, law of
supply and elasticity of supply)
(f) Equilibrium
(g) Theory of Production ( meaning , factors, laws of production- law of variable proportion,
laws of returns to scale)
(h) Cost of Production ( concept of costs, short-run and long-run costs, average and
marginal costs, total, fixed and variable costs)

2. Forms of Market
(a) Various forms of market- monopoly, perfect competition, monopolistic competition,
oligopoly, duopoly
(b) Pricing strategies in various markets

3. National Income
(a) Gross National Product
(b) Net National Product
(c) Measurement of National Income
(d) Economic growth and fluctuations
(e) Consumptions, Savings and Investment

4. Money
(a) Definition and functions of money
(b) Quantity theory of money
(c) Inflation and effect of inflation on production and distribution of wealth
(d) Control of Inflation
(e) Money Supply
(f) Liquidity preference and marginal efficiency
(g) Rate of Interest and Investment

5. Banking
(a) Definition
(b) Functions and utility of Banking
(c) Principles of Commercial Banking
(d) Essentials of sound Banking system
(e) Multiple credit creation
(f) Functions of Central Bank
(g) Measures of credit control and Money Market
(h) National & International Financial Institutions

The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament)
6. (a)Indian Economy – An overview
Nature, key sectors and their contribution to the economy
(a) Meaning of an Underdeveloped Economy
(b) Basic Characteristics of the Indian Economy
(c) Major Issues of Development
(d) Natural resources in the process of Economic Development
(e) Resources - land; forest; water, fisheries, minerals
(f) Economic development and Environmental Degradation
(g) Global Climate Change and India
(h) The role of Industrialization, pattern of Ownership of Industries
Role and Contribution of Industries in Economic development (with special
reference to the following industries): Iron and Steel, Cotton and Synthetic
Textile, Jute, Sugar, Cement, Paper, Petrochemical, Automobile, IT & ITES,
Banking and Insurance
(b) Infrastructure of the Indian Economy
(i) Infrastructure and Economic Development, Private Investment in Infrastructure,
Public Private Partnership (PPP) Model in Infrastructure Energy
(ii) Power Sector
(iii) Transport System in India’s Economic Development – Railways, Roads, Water, Civil
Aviation
(iv) Information Technology (IT) and ITES (Information Technology Enabled Services)
including the Communication System in India
(v) Urban Infrastructure
(vi) Science and Technology

Section B – Fundamentals of Management [50 marks]
7. (a) Management Process – introduction, planning, organizing, staffing, leading, control,
communication, co-ordination.
(b) Evolution of Management thought – Classical, Neo-classical, Modern
8. (a) Concept of Power, Authority, Responsibility, Accountability, Delegation of Authority,
Centralization & Decentralization
(b) Leadership & Motivation – Concept & Theories
9. (a)Group Dynamics- concept of group and team, group formation, group cohesiveness
(b) Management of organizational conflicts- reasons, strategies
10. Decision-making- types of decisions, decision-making process.

Section A: Generally Accepted Accounting Principles & Accounting Systems [10 marks]
1. Accounting Process
(a) Theoretical framework ( meaning, scope and usefulness of Accounting; Accounting principles,
concepts and convention)
(b) Accounting Life Cycle (ALC) – From Investment of Capital (Cash) to Realization of Revenue (Cash)
(c) Capital and Revenue transactions- capital and revenue expenditures, capital and revenue
receipts
(d) Measurement, valuation and accounting estimates Double entry system, books of prime entry,
subsidiary books, cash book, ledgers, trial balance
(e) Rectification of errors, opening entries, transfer entries, adjustment entries, closing entries

2. Accounting Standards
(a) AS-1: Disclosure of Accounting Policies
(b) AS-2: Valuation of Inventories
(c) AS-4: Contingencies and Events Occurring after the Balance Sheet Date
(d) AS-5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
(e) AS-10: Accounting for Fixed Assets
(f) AS-11: The Effects of Changes in Foreign Exchange Rates
(g) AS- 15: Employee Benefits
(h) AS-16: Borrowing Costs

3. Reconciliation Statements
(a) Bank Reconciliation Statements
(b) Stock Reconciliation Statements
(c) Receivables /Payables Reconciliation Statement

Section B: Preparation of Accounts [30 marks]
4. Accounting for Depreciation, Depletion, Amortization and Impairment of Assets
(a) Depreciation Policy, Depletion, Amortization and Impairment of Assets
(b) Depreciation Accounting (AS – 6) ; Impairment of Assets (AS -28)
(c) Methods, computation and accounting treatment

5. Preparation of Financial statements :
(a) Of Profit-making organizations:
(i) Preparation of Profit & Loss Account and Balance Sheet
(ii) Preparation of Cash Flow Statement (AS – 3)
(iii) Accounting treatment of bad debts, reserve for bad and doubtful debts, provision for
discount on debtors and provision for discount on creditors
(b) Of Not-for-Profit organizations :
(i) Preparation of Receipts and Payments Account
(ii) Preparation of Income and Expenditure Account

The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament)

(iii) Balance Sheet
(c) Under single entry system including conversion of single entry into double entry system :
(i) Concept of single entry system, conversion of single entry system into double entry
system of accounting
(ii) Application of accounting ratios for preparation of accounts under single entry system

6. Partnership
(a) Past adjustments and guarantee, profit & loss appropriation account
(b) Admission, Retirement, Death, Treatment of Joint Life Policy
(c) Dissolution of partnership firms including piece meal distribution
(d) Amalgamation of partnership firms, Conversion of partnership firm into a company and sale of
partnership firm to a company

7. Royalty and Hire Purchase
(a) Accounting from the point of view of various parties
(b) Possession and repossession in case of default in payments

8. Branch and Departmental Accounts
(a) Branch Accounts-Debtors system, Stock & Debtors system, Foreign Branch
(b) Departmental Accounts: Trading Account; Profit & Loss Account
(c) Calculation of net profit of various departments and allocation of expenses on the basis of suitable
base, treatment of shortages, treatment of unrealized profit
(d) Preparation of General Profit & Loss Account and Balance Sheet

Section C : Control of Accounting Systems [10 marks]
9. Self-Balancing Ledger and Sectional Balancing Ledgers
(a) Self- Balancing Ledgers
(b) Sectional Balancing Ledgers

Section D: Accounting in Service Sector [10 marks]
10. Accounting for Service Sectors
(a) Revenue Recognition (AS-9)
(b) Construction Companies (AS 7), Project Accounting
(c) Service sectors such as Software, ITES, Telecommunication, Entertainment, Hospital, Educational
Institutions

Section E: Accounting for Special Transactions [20 marks]
11. Accounting for Special Transactions
(a) Bills of Exchange, Consignment, Joint venture, Sale of goods on approval or return basis,
Account Current
(b) Investment Accounts (AS – 2, 13)
(c) Insurance Claim ( Loss of Stock and Loss of profit)

Section F: Accounting for Banking, Insurance and Electricity Companies [20 marks]
12. Banking , Electricity and Insurance companies
(a) Accounts of a Banking Company ( as per Banking Companies Regulation Act )
(b) Accounts of an Electricity Company ( as per Electricity Act)
(c) Accounts of Insurance Companies ( as per Insurance Act ) including Stock Valuation

For more detailed information I am uploading a PDF file which is free to download:

Contact Details:
The Institute Of Cost Accountants Of India
Patrakar Puram Rd,
Vikas Khand 1,
Vikas Khand,
Gomti Nagar,
Lucknow,
Uttar Pradesh 226010 ‎
India

Map Location:
Attached Files Available for Download
File Type: pdf Syllabus of ICWA Foundation course-1.pdf (1.61 MB, 9 views)
File Type: pdf Syllabus of ICWA Foundation course.pdf (1.25 MB, 8 views)
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