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June 16th, 2014, 03:40 PM
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Join Date: Mar 2012
What are the subjects in 1st group ICWA?

Here I am looking for the ICWA Inter Group-1 Syllabus, will you please provide me the same???

As per your request here I am sharing the ICWA Inter Group-1 Syllabus:

1. Accounting Conventions and Practices 10%
Concept
Depreciation and various methods thereof
Stock valuation
Distinction between Capital and Revenue

2. Royalty and Hire Purchase 10%
Royalty accounting
Need for hire purchase and installment systems and parties involved.
Accounting from the point of view various parties.
Possession and repossession in case of default in payments.

3. Receipts & Payments/ Income & Expenditure Accounts 10%
Receipts & Payments
Income & Expenditure Account

4. Partnership Accounting 10%
Past adjustments and guarantee
Admission & Retirement
Assignment of life policy
Amalgamation and Sale of Business
Dissolution, Insolvency
Piecemeal Distribution

5. Branch and Departmental Accounts 10%
Branch accounts- Debtors system, Stock & Debtors system, Foreign Branch.
Treatment of shortages.
Calculation of net profit of various departments and allocation of expenses on the basis of suitable base.
Preparation of common balance sheet.
Treatment of Unrealized profit.

6. Accounting Standards 10%
Applicability of a particular accounting standard.
Interpretation of various accounting standards.
Scope of accounting standards.
Compliance with the Accounting Standards.



Last edited by Neelurk; February 26th, 2020 at 10:58 AM.
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