Important Announcement for CA students REVISED SYLABUSS 1 st - TopicsExpress

Important Announcement for CA students REVISED SYLABUSS 1 st August, 2013 Sub: Revision of syllabus of Group – I – Paper- 4 - Taxation – Part – II and Group – II – Paper – 7 - Section A: Information Technology of Intermediate (IPC) Course; and Group – II – Paper – 6 Information Systems Control and Audit and Group – II – Paper – 8 – Indirect Tax Laws of Final Course. --------------- As per the decision of the Council taken at its 324th held in March, 2013, it is notified for information of students and the public at large that the examination in the following papers effective from November 2014 examination and onwards shall be held as per the revised syllabus, as specified by the Council in terms of its authority as vested in Regulation 28E (3) and 31(iii) in respect of Intermediate (IPC)/Accounting Technician Examination and Final Examination respectively. Intermediate (IPC) Examination/ Accounting Technician Examination (ATE) under Regulation 28E (3) of the Chartered Accountants Regulations, 1988. Paper 4: Part I : No change Part II: Taxation i.e. Service Tax (25 Marks) and VAT (25 Marks) Paper 7: Section A: Information Technology (50 Marks) Final Examination under Regulation 31 (iii) of the Chartered Accountants Regulations, 1988 Paper 6: Information Systems Control and Audit (100 Marks) Paper: 8: Indirect Tax Laws (100 Marks) The detailed Revised Syllabi in respect of aforesaid papers of Intermediate (IPC) and Final Examinations are hereby attached for the information of students and general public. It is clarified that there is no change in the syllabus of remaining papers of Intermediate (IPC) Course and Final Course, except as specified above. Director, Board of StudiesINTERMEDIATE (IPC), GROUP I, PAPER 4: TAXATION Syllabus PART II – INDIRECT TAXES (50 MARKS) Objective: To develop an understanding of the basic concepts of the different types of indirect taxes and to acquire the ability to analyse the significant provisions of service tax. 1. Introduction to excise duty, customs duty, central sales tax and VAT – Constitutional aspects, Basic concepts relating to levy, taxable event and related provisions 2. Significant provisions of service tax (i). Constitutional Aspects (ii) Basic Concepts and General Principles (iii) Charge of service tax including negative list of services (iv) Point of taxation of services (v) Exemptions and Abatements (vi) Valuation of taxable services (vii) Invoicing for taxable services (viii) Payment of service tax (ix) Registration (x) Furnishing of returns (xi) CENVAT Credit [Rule 1 -9 of CENVAT Credit Rules, 2004] Note – If new legislations are enacted in place of the existing legislations the syllabus will accordingly include the corresponding provisions of such new legislations in place of the existing legislations with effect from the date to be notified by the Institute. Students shall not be examined with reference to any particular State VAT Law.Intermediate (IPC), Group-II, Paper-7A: Information Technology Paper - 7A: Information Technology (50 Marks) Syllabus Level of Knowledge: Working Knowledge Objective: “To develop understanding of Information Technology as a key enabler and facilitator of implementing Information Systems in enterprises and their impact on business processes and controls”. Contents 1. Business Process Management & IT Introduction to various Business processes – Accounting, Finances, Sale, Purchase etc. Business Process Automation – Benefits & Risks Approach to mapping systems : Entity Diagrams, Data Flow Diagrams, Systems Flow diagrams, Decision trees/tables, Accounting systems vs. Value chain automation, Information as a business asset Impact of IT on business processes, Business Risks of failure of IT Business Process Re-engineering 2. Information Systems and IT Fundamentals Understand importance of IT in business and relevance to Audit with case studies. Understand working of computers and networks in business process automation from business information perspective Concepts of Computing (Definition provided by ACM/IEEE and overview of related terminologies) Overview of IS Layers – Applications, DBMS, systems software, hardware, networks & links and people Overview of Information Systems life cycle and key phases Computing Technologies & Hardware – Servers, end points, popular computing architectures, emerging computing architectures & delivery models – example: SaaS, Cloud Computing, Mobile computing, etc. Example: Overview of latest devices/technologies – i5, Bluetooth, Tablet, Wi-Fi, Android, Touchpad, iPad, iPod, Laptop, Notebook, Smartphone, Ultra- Mobile PC etc.) 3. Telecommunication and Networks Fundamentals of telecommunication Components and functions of Telecommunication Systems Data networks – types of architecture, LAN, WAN, Wireless, private and public networks etc. Overview of computing architectures – centralised, de-centralised, mainframe, clientserver, thin-thick client etc.