Topics Keywords Subtopics Page

Fin plcy- Role of CFO Key decsn fallg within scope of fnancl strtgy4 , Financl planng= resources+tools+goal 1.2
Crprt strgy What makes an org financly sustainable, SGR, What makes an organisation sustainable 1.8
Value at risk- Feature, applctn Evaluatn of financl risk- Stakeholder, cmpy, govnt POV,All risk (Political, currency etc) 2.4
Risk Mgmt
Currency risk- Government action, Nominal interest rate, inflation rate, natural calamities, war, change of government. 2.7
Impact of inflation on CBD Real & Nominal cash flow, Inflation adjusted revenue/cost 6, 74 , Impact of changes 3.2
Adv Cptl Intrnl & extrnl factr affct CBD Probability, variance/SD15 , Coefficient of variation, risk adjstd disc rate, certnity equivlt 3.10
bdgtng Sensitivity/Scenario analysis Simulation anaysis (Monte carlo), Decision tree analysis 32, 75 , Replacement decsn 35 3.23
decision
(CBD) Optimum replacmt cycle (EAC) #SD of Expectd value 55 , NPV .probability across year & Hiller model 57 ,Proftbl index 60 3.37
Sensitivity analysis 62 , (Initial investmnt.NPV.FC.Annual unit of sale.BEU) 67 , Utility value 76 , EAC, CFAT, Replcmt cycle 83
Dvdnd grwth model, PE multiple Economic/Industry/Company analysis, Principles/Theories of technical analysis 14 4.3
Secty anlys Market indicators Support & resistance level, Interpretg price patterns, Decisn using data analysis(EMA) 26 4.20
Fundamentl & Technicl analysis Efficient mrkt theory (Weak, semi-strng, Strong)- Challenges 4.29
IRR, CAPM 5.3 Dividnd basd model, Earning basd model [Gordon, Walter,PER], Cash flow basd model 5.6
Free cash flow to firm/ equity 10 Enterprise value, Value of rights (Theoretical value, ex right),Value pref.shr, Debnt,bond 5.12
Macaulay duration, YTM 16 Term structure theories - Expectation/Liquidity prefn/Preferred habitat, Convexity adj 5.21
Valuation of warrant Treasury/Commercial bills/Certf of depst, REPO/reverse REPO, Role & respns valuer 5.23
Secty
Valuation Perpetual growth model/Walter approach, Value of right ,Earnings grwth model, Dividnd disc model 44 , NPV @LR formla 5.40
Int & fixed dividnd coverage/captl gearing ratio/Yield on eq.shares, FCFE 49 , Income statement 51 , Expectd Divd/Cp.Gain 5.46
Chng in premium/grow rate/beta in equilibrm price, Intrinsic value, Buy back, YTM, GOI/Bond, Premium over convrtn 5.52
When to exercise conversion of debentures, % of dwnside risk/Conversion parity price, Bond refund decsn, Duratn/volatility 5.57
Invest in one/both bonds, Dirty price/first leg/second leg 5.60
Activity, objective, phases Theories(Traditnal & Modern Markowitx/Rist return optimisatn) 6.3
Types Risks Systematic & Unsystematic 6.10
Systematic risk β, α - # Portfolio Return & Risk - COV ab, Coefficient correlation (19) 6.17
Reductn/ Dilutn of Diversificatn -Prfctly postively/ngtvly correlatd, uncorrelatd/Independent 6.23
Return/risk >1 security Matrix of Correlation coefficient, covariance, Portfolio variance 6.27
Markowitz / Rsk rtrn optmztn Assumption, Efficient frontier 6.29
2
Capital market theory & Single index model( Sharpe index model) & coefficient of Determinatn(r ) 6.32
CAPM & Cmpy share, market return comparison(DPS/Avg Index/dividend yield) 6.37,66
Portfolio Under valued/overvalued, Aribitrage pricing Theory 6.43
Managemt Ptfl evaluatn theory Sharpe, Treynor, Jenson Alpha, Sharpe optimal portfolio 6.46
Strategy( Active & Passive) Buy & Hold, constant mix & Constant proportion insurance policy 6.50
Asset allocatn stgy Integrated, strg, tactical & Insured 6.57
Fixed income portfolio (Indexatn, immunizatn, matchg cashflow) [bullet, barbell, ladder](Bond swap) 6.58
Alternate investment avenues- Features, Real estate, Gold, Distressed security 6.60
Stock Price, Gd nrml bad, %Investment, year wise,COV ab & r12, two cmpy comparison(minimum risk portfolio) 6.79
Characteristics line, security market line & α, COVab among stocks, factor sensitivity, COVab stock & market 6.91
Treasury bond, Dividend & Capital gain, critical line, sharpe index & markowitz 6.100
Optimum portfolio assuming short sales (114), Change in beta, APT, CAP Stocks CAPM ATP, Sharpe treynor alpha 6.115
Features(Creation-bundling-tools-trenching-homogeneity), Angle of Originator/Investor, Primary/Seconday Participants 7.2
Securtizatn Mechanism(Steps), Problems, Instruments(Pass throught certificate, Pay through security, Stripped security) 7.5
Risks in securitization, Tokenization, Blockchain 7.9
Classification Functional(Open,close & interval), Portfolio(Equity,debt & special) 8.4
Types of Schemes - Flexicap,multicap,contra,index,dividend yield,ELSS,Sector,Thematic,Arbitrage,Hege,ETF 8.8
Mutual
Tracking error & Role of fund manager & Role of FII 8.17
Funds
Accrued expense & liability, cheque deposit, dividend received, annualized yield & holding period 8.23
Dividend & bonus ratio(LTCG,STCG), Income accretion & prtflio appreciatn, Fees of Fund mgr,constant ratio plan 8.27
Difference Forward & future, stock index future over stock future (9.14) 9.5
Valuation techniques Binomial, Risk neutral, Black scholes Models 9.21
Greeks, factors affectg value of option, (Delta,gamma,theta,rho,vega), Exotic options 9.30
Credit derivatives, Collateralized debt obligation, Credit default swaps 9.33
Difference Financial options & Real options 9.38
Derivatives
Abandonment option, Timing option (Accept the project or wait & see) 9.41
Commodity derivatives, Weather derivative, Electricity derivative 9.44
Frwd price & spot price, theoretical minm price, future price( int cont compoundg) , Hedge ratio 68, Portfolio beta aftr 3M 9.66
Gain/loss on buying Nifty future , Theortical value of future contrct, No.of nifty contract to buy/sell, Initial Margin/call money 9.70
Options, Probability of attaing share price, Hedge ratio/expected return on option, Binomial tree, Risk neutral , Black scholes 9.75
 Role SWIFT, Nostro/vostro/loro Overbought positn, Bid/ offer/ spread , Cross rates/PIPs, Technq of ex.rate forecastg 14 10.3
Factrs affectg ex.rate determntn Interest rate parity, PPP, Participants in FOREX market, Imp of forex RM 24 10.14
Hedgg curency risk- Intnl/Extnl Delivery, cancellatn, extension of contract, late extensn, strategies for exposure mngmt 10.25
Cross currency , Sold TT(Which mrkt to cover trnsc) 71 , net exposure, pay now/avail supplier credit, arbitrage gain 73 10.68
Forex & RM
LIBOR (Loan from forgn collaborator), rate of disc by bank, Profit/ loss of heding forex risk, average contri to sales ratio 79 10.75
Currency future 79,85,90 Borrow-convert-invest, Option 83,87,89 Frwrd market cover with call/put, Money market hedge 86,88 10.79
Irrevocable letter of credit/ comm charges, Forward contract 93 , Transactin/operating exposure/elasticity of demand 94 10.91
Which centre investment should be made, SWAP, Overbought 10.95
Approaches to value enterprise Asset based, earning based, cashflow based. Adjusted free cash flow/Terminal value 9 13.5
Estimating beta and valuation of unlisted company / Enterprise value, equity value 16, Chop-shop method 20 , EVA 13.11
Business Valuation of distressed cmpy Modified discouted cash flow valuation, Expected bankruptcy cost 13.27
valuation Valuation of digital platforms Impact of ESG on valuation 13.35
Range of valuation, computation of business value, Projected BS/Cash flow/ PV of Residual value, NAV/ Earng cptlztn value 13.51
Basis of alloctn of shares, FCFF, Financial leverage 57 , EVA, MVA 60 13.46
Types of Mergers, Financl evaltn Takeover, Defensive tactics, Divestiture- Sell side imperatives 13, Financial restructurg 16 14.6
M&A, Unlocking value through M&A and business restructuring, Impact of EPS 26, Cross border M&A & SPAC 29 14.22
Corporate True cost of merger, Borrws fund & buy cmpy 52 , Mrkt value of merged firm/gain from merger 53 , Maxmm exchage ratio acptb 55 14.50
Restructurg Expected value of Debt & equity for merged entity, Gain to shareholder, Swap ratio (Book value/Market price/EPS) 63 14.62
Demerger , Retention ratio/ROE/Intrinsic value, Swap ratio/book value/CAR/CRWAR/GNPA , Remuneratn to managemnt 14.70

Sources, Funding, financing Prsnl Fncg, Cr line, crdfundg, microloans,vndr fncg, PO fncg, factorg AR, Pr to pr lendg 15.2
Pitch presentation Financial projectn, Unicorn, Sources of financg- Bootstrappg,Trade credit,factorg,Leasg 15.3
Startup
Angel Investr, Venture capital Stages of funding 15.12
Financing
VC investment process Deal Originatn, screeng, due diligence, deal structg, post invstmnt actvty, ext plan 15.15
Structures of VC fund - Dmstic, offshore(incl unified structure), Startup ind, India-Sustainable envrnmnt reasons 15.17
Succession planning Needs of SP, Business succession strategy, Challenges 15.21
Benchmark rate Types int rate risk(Gap exposure, Basis ,Embedded option, yield curve, price, reinvestmnt) 12.2
Int rate risk Hedging interest rate risk Traditnal(ALM,FRA), modrn methd(IRF,IRO,IRS), Conversion factor,cheapest to deliver 10 12.6
Mgmt Cap option, floor option/ Interest rate collars, Types of Swap(Plain vennila), Swaption 14 12.11
Final settlement amount, premium paid, AIC/LIBOR, MIBOR, swap, Cap 12.18
Intnl FM
Chapt Keywords Page
Min & max Limits, women, Resident, Independent, Interested, executive & non-executive(5), Appointment- First & subsequent, written consent 1.3
Apntmnt
Rotatnal Dir - Appointmnt & retiremnt, deemed reappointmt of retiring Dir, DIN(12) , to stand for directorship(19), Directors of Small SH 1.8
and
Appointmt -Addtl dir, alternate dir, nominee dir, to fill casual vacancy & Appointmnt of Dir to be voted individualy (28) & principle of propt represntn 1.23
Qualfcatn
of Director Disqualificatn for appntmt of Dir, max no.of Directorship, Independent Dir- (Manner of selectn, maintenance of Data bank) (43) , Duties of Dir(47) 1.31
Vacation of ofc, resignation, removal, Register of Dir & KMP & SH, Member right to inspect 1.49
Establishment, members of Board, Removal, meetings (5) Power and function, passing order 1.6
Collective investment scheme(12), Investigation Grounds, documents, period of custody, failure, Impounded documents 1.15
Registration certificate(Buy/sell/sponsor )(18) Deceptive devices,insider trading 1.19
SEBI Penalties(22) - MF, asset management cmpy, alternative invetment funds, REITs,IITs,investment adviser, research analyst 1.22
Stock brokers,insider trading, non disclosure of acqistion of shares, unfair trade practices, electronic database 1.24
Securities appellate tribunals Presiding officer, judicial member, technical member 1.32
Power of central govt -Supersede board(39) Special courts ; Recovery of amounts ; Continuance of proceedings(Dies) 1.43
Applicability, Composition of Board (50) Board Meeting, compliance report, Maximum(Directorship,membership) 1.52
SEBI LODR Subsdry of Listed cmpy, Crprte governance report 1.53
Quarterly compliances- Grivnce redrssal mechnsm, Otr crprte governce, holdg of specifd security & SH pattern, Deviatn & variatn, financial results 1.57
--Listed Intimation of Board meetings Alteration of security, closure of transfer books, dividends Annual compliances 1.58
company Crprte Governce, RPT, Audit cmtee, omnibus approval (61) Nominatn & Remuneratn cmtee, Stakeholdr rltnshp cmtee, Risk mgmt cmtee 1.67
IPO -Not eligible, eligibility, SR eq.share(74) Cnvrtble debt instrmt & Warrants, Promoters contribution(Mnimum), Lock-in security 1.79
Pricing, differential pricing, Subscription, Green shoe option 1.89
SEBI ICDR FPO -Not eligible, eligibility(97) Cnvrtble debt instrmt & Warrants, Promoters contribution(Mnimum), Lock-in security 1.100
Book building process, Reservation on competitive basis, abridged prospectus,Sec depost 1.111
Underwritting, monitoring agency, advertisement, green shoe option 1.115
Substantial Person acting in concert(PAC) (124) Threshold limit, obligations(Director, acquirer, target company) 1.126
acquisition of
shares &
Prohibitn of insider tradg (136) Unpublished price sensitive information, restriction on communication & trading 1.137
takeover Structured digital database, trading plans, code, purpose of sebi(156) 1.140
Features, Current a/c trsct, FOREX, Repatriate to India Residential status(FEMA 1999), Schedule I( Prohibited trsc), Schedule II(GOI Approval) 1.7
Schedule III(RBI Approval), No restrictn trns(RFC,EEFC,Cr card,LRS), Import of G/S 1.17
Guarantee of AD, Capital a/c trsc(Investments,loans,immovable property,trns of assets) 1.24
Capital account transaction(Permissible, prohibitive) 1.30
FEMA
Extrnl cmmercial borrowg-Mnm avg maturity period, all-in-cost, negative list, Hedgg provisn, Limit and leverage, Parking, Reportg requiremnt(LSF) 1.32
SOP For untraceable entity, power delegated to AD, creatn of charges, Facility for- Oil marketg & startups, Restructing/refinancing stressed asset 1.39
Overseas investment(46) Export- Realisation, exemptn, Project exports(Turnkey) (77) 1.68
Authorised person(78) Compounding of offences, Adjudicatn & Appeals, Directorate of Enforcement 1.84
Foreign source, Foreign contribution(2.5) Prohibitn on FC and exceptns, restrictn on acceptance of foreign hospitality (2.13) 2.9
FCRA Admin exp, prohibit receipt & payment of Foreign contributn 2.14
Registration- Forms, COR/prior permissn, Suspensn,cancellatn,surrender, renewal *FC through scheduled bank (28)Delhi, Intimation of FC receipt in form 2.17
Corporate insolvency resolution process(CIRP) Flow of IRP, Applicability of code, Financials service (13), Insolvency professional(14) 3.6
Related party to corporate debtor/individual, CIRP-Default by debtor 3.18
Initiatn of CIRP by operatnal creditor __ Initiatn of CIRP by crprte applicant, suspensn of initiatn of CIRP, Time limit for completn 3.30
IBC,2016
Appointmt IR Professnal, Moratorium, public announcemnt Duties to be performed by IRPl, Interim resolutn profs authority (42) , Resolutn profs, 3.36
Informtn memo, Commte of crs, consortium arrangement of FC, who can act Aut.Rep 3.46
Resolution plan, Liquidatn process(63) 3.56

NCLT, NCLAT (407-434) 9.3 Salient features of MCA21 10.2

Ordr of tribnal/appel frm ordr of Tribnal 9.4 Filing of apps,doc,inspectn in E-form 10.4
Expeditious disposal by Tribunal/Ap.trib 9.6 Authenticatn of Documents -Rule 8 10.7
Appeal to S.C (423), Prtctn of actn taken 9.7 System requirement for Efiling 10.9
Compndg of E-filing
Pwr to seek asstance- chf metro magstrte 9.9 Process involved in E-filing, XBRL(12) 10.9
offences,
adjudicatn, Trnsfr of certain pndg procedngs (434) 9.10 Related parties taxonomy 10.14
special courts, Special court/offnc triable by spcl courts 9.12 Creation of FS in XBRL, Statuty reqmnt 10.22
NCLT, Offences to be non-cognizable 9.15 MCA21 version 3.0, key components 10.44
Appellate
Compoundg of certain offences (441) 9.16
tribunal
Mediation & Conciliation panel (442) 9.19
Factors for determng lvl of punishmnt 9.21
Lesser penalties for OPC/Small cmpy 9.22
Penalty for repeated default (454A) 9.26
Chapt Keywords Page
KMP, Mngr, MD, Subst power,WTD 2.2 Inspector report -223 , Exp of investgn 33 4.31
Appointmnt of MD, WTD, Mngr 2.4 Volntry windg-up not to stp invstg procd 4.34
Eligibility condtn, Addtl cond Sch V 2.5 Reconstructn, Types- Merger, purchase 5.3
Procedure for appointmnt(196-4) 2.7 Power to tribunal- Call for meeting 5.6
Appntmt of KMP(203) , WT KMP 2.9 Disclosure by applicant for comprom/arrngnt 5.8
Prohb on apntm- CP as MD/CEO 2.10 Notice of meeting- conducted on ordr tribunal 5.8
Functions of CS 2.13 Notice of sectoral regulators, Partclr in order 5.10
Appntmnt and Comprmis,
Max mngr.remnr(MR) & absns of prft 2.15 Application to tribunal by aggrieved party 5.12
remnratn of arrangemt
Conditn for paymnt of remnrtn 2.20 Pwr of tribunal to enforce compr/arrangemnt 5.13
managral and
Sittng fees to Dir, Mode of paymnt 2.22 Section 232 -M&A of cmpy 5.15
personnel amalgmtn
Refnd of excess remuneratn-197.9 2.24 Power to acq share of SH dissentg frm scheme 5.20
Discl in Brd.Rpt of Listed cmp(MR) 2.25 Purchase of Minority shareholding 5.23
Recovery of MR(Restate FS) 2.29 Pwr of CG - Amalgamtn of cmpy(Public intst) 5.26
Calculatn of profits-198 2.29 Registratn of offer of schemes invlvg share trnsf 5.29
Cmpnstn for loss of ofc-MD,WTD,Mgr 2.32 Fast track mode of M&A, M&A Frgn cmpy 35 5.30
Secretarial audit, remnrt spcl circumst 2.34 Rights and benefits of minority SH 6.3
Perq not included in MR, Remn in 2cmp 2.37 Prevention App to tribunal - Relief from oppresion 6.5
Frequency of board meetg, exemptn 3.2 of oppressn Right to file app for opp & mismngmt 6.9
Participatn means, thrg in BM 3.4 and Nature of orders passed by tribunal- OM 6.11
BM - Period of notice, shorter notice 3.10 mismngmt Conseq of termnt/modfictn of agreemnt 6.14
Quorum for meeting of Board(174) 3.12 Class action (245) 6.15
Interested directors & related quorum 3.13 Winding up by Tribunal (270), petition 7.2
Passing reslutn by Circulatn, pasd resol 3.15 Power of tribunal on petitn for WU (273) 7.6
Audt comte,omnibus apprl vigil mchnsm 3.17 Directn for fiing stmt of affairs (274) 7.7
NRC & SRC, Power of board 3.23 Cmpy liqdators- Appontmt,remvl,replc 7.8
Imposing restictn & condtn by SH 3.29 WU commte to assist & monitr liquidatn 7.11
Restrct on pwr of board: Spcl resolutn 3.31 Stay of suits/legal prcdg on WU (279) 7.13
Meetings of
Contrbt to bonafide & Charitable fund 3.35 Submissn of report by cmpy liqdtr (281) 7.14
Board and it's
Prohbt & Restrct - Political contrbt 3.36 Custody of cmpy proprty (283) 7.16
powers
Contrbt to Natnl defence fund (183) 3.39 Settlmnt list of contrbtry & App of asst 7.18
Discl of interest by Directors (184) 3.39 Advisory commte, Power & duties of CL 7.19
Defect in appnt not to invalidate action 3.42 Professnl assistanc to CL, Summons CL 7.24
Winding up
Loan to Dirctrs- Restrct, relaxt & N/A 3.44 Pymnt of debts & set-off 7.27
Loan & Invst by Cmpy- guarnt & secrty 3.47 Order examinatn of Promoter/Dir (300) 7.29
Invstm of cmp -Held Own name, RPT(55) 3.53 Arrest- Person lev India/abscond (301) 7.31
Regstr of contract/Arrngmt- Dir intrstd 3.64 Dissolutn of cmpy by Tribunal (302) 7.32
Contract of emplymt-MD/WTD (190) 3.66 Overriding preferential paymnt (326) 7.34
Pymnt to Dir- Loss of ofc trnsf of undrtk 3.67 Fraudulent preference (328), trnsf to void 7.38
Restrct on Non cash trsct invlg Dir(192) 3.69 Disclaimer of onerour property (333) 7.41
Pwr call info, inspct bks, condct inqy- 206 4.3 Attchmnt, executn in WU by trbnl-Void 7.44
Conduct inspectn & inquiry- 207 4.7 Statement that cmpy is in liquidatn (344) 7.47
Report on inspectn made -208 4.8 Disposal of Books/papers of cmpy (347) 7.48
Search & Seizure(Spcl court) -209 4.9 Cmpy liqdtn divdnd, undistributd asset 7.49
Inspection, Investigatn into affairs of cmpy -210 4.11 Registered Valuer, compstn of comtee12 8.2
inquiry and Applicant to pay security , refnd of secty 4.12 Removal of name of cmpy from ROC 8.13
investigatn Establishment of SFIO, Investgtn affairs 4.13 Miscs Govt cmpy (394), annual rprt Gov cmpy 8.19
NCLT order investgtn in specifd case -213 4.19 provision Nidhis- Incrpt, min.mem, NOF, restrct &
8.21
Investigatn of ownership of cmpy -216 4.21 prohb, SC & Alltmt, accpt of depst, loan
Protectn of employee during investgtn 4.25 Dormant company (455) 8.32
Power of inspector, tribunal 4.27
Subtopics Keywords Pg Subtopics Keywords Pg
Limitan of AS, Emrgence of global AS- Need 1.7 116 Leases

Benefits, convergence vs adoptn of IFRS 1.10 Exemptions Short term, low value 369, arrangement is lease?371 6.365
Intro to Ind AS
Process of Devlp & finalztn of Ind AS, Structrd 1.11 Substntial substitutn rights, Identifd asset- Physically disctinct 376 6.372
Roadmap 27 ,calculatn of NW21 1.18 Right to - Control, obtain substntl benefit, direct use/ Protectv right 6.377
Conceptual ALEIE, Relevance/Faithful representatn 48 2.20 Identify and separability of lease components, Non-lease 6.388
framework Concept of capital maintenance 2.66 Buildg, furnture, maint & Practical expedient not separate & Allocatn 6.390
Cmplt set of FS(3rd BS);Explicit, unrsrvd stmnt 3.9 Contract combintn (Packge, depnds ), Inceptn & commencemnt date 6.393
1 Presentation Departre frm reqmnt of Ind AS, Going cncrn14 3.11 Lease term Cancellable leases, Reassessment of option 404 6.397
of FS Curnt Ast/liab, oprtng cycle, OCI 45 , SOCE 49 3.26 Paymnt- Fixd(Insubst) , Incentive, Var(rate, index) , exercise price, penalty 6.405
PndL & OCI items , Offset 76 3.74 Residual value guarantee, Initial direct cost 415, 6.411
Form & contnt, signifcnt evnts & trsc,othr disclosr 3.81 Lessee accntg - Before commencemnt, incentive, Dismantle.remove 6.420
34 Interim FR Period to presnt(BS,PL,CF,SOCE ), Recog & Measrmt 3.86 Subsqnt measurement -ROU, Depr, revalu, interest, impairment 6.422
(Seasnal,bonus,contng), reprtg & impairmt, tax exp108 3.100 Foreign currency, Remeasure LL(Revisd, org disc rate) 6.431
Objctives, benefits, cash & equivl, Operatg(Asst,prpt) 3.115 Lease modificatn - Addtnl ROU, change in scope/term/consideratn 6.435
Investg(FFOS), Financg(Deb/brw/shar), Factoring 3.122 Lessor accntg- Operatng, finance lease, Gross/net investmt, UGRV 6.454
7 Cash flow Dirct/indirct mthd144,161 (cogs,sales), Frgn currncy CF 3.127 Selling profit/loss, Manufacturer/dealer lessor 6.457
Int & Dvdnd 168 , Chng in ownrsp int subsdiary 164 3.133 Lease modifictn, sub lease 471, sale & leaseback 475 , Transitn approach 481 6.465
Recon of amnt in CF/BS(Unrealised gain) 3.140 41 Agriculture
Imprcticble, Accntg policy8(Ind AS N.Av, refer matrl) 4.7 Changes Biological transformation, bearer plant, Wine 7 7.6
Consistncy, Chngs (Revaluatn,depre14,Funct curny16) 4.11 Measurement, Price & physical change, Gain/loss 12 7.10
8 Ac policy, How to apply, retrospct, (PPE Revaltn to cost) 22 Condtnl/uncondtnl grant , Cow/grant/calves/milk 19
4.16 7.13
estimates &
Accntg estmt, Chng in basis of measurmt/difficult26 4.25 Death of cow, slaughtering cost 27 7.25
errors
Acntg treatmnt, Errors -Types, prior period treatmt 30 4.27 20 Govt grant
Carpet, reclassificatn 46 , Inventry valuatn 48 ,Defect 50 4.45 Govt assistance, Grant related to asset/incme, Loans @less interst 37,53 7.33
Approval of FS, Public announcemnt 57, types of event59 4.55 Non monetary GG, presentatn 42,54 , Repaymnt of GG46 7.41
10 Events after Adjustg evnts, non adjustg evnts 65 , 72 , LT loan 4.60 Promoters contributn, clear river project, Reasonable assurance 7.55
59
reporting
Going Concern(fire), Dividend 70 , Disclosure 4.67 102 SBP
period
Distributn of non cash asst to owners, dvdnd payable 76 4.74 Employees and others providg , Intrinsic value, performnce condt 64 7.62
Defintn, Asst/liability specific restrictn, 4.90 SBP Arrangement/trnsactn(Charity, Employees, equity insturment) 7.65
Prinicpal/most advantageous mrkt, Market participnts 4.93 Covered/non covered in Ind AS 102, Equity settled SBT 71 7.68
Transaction/transport cost, FV rules Non-financial ast 4.97 Cash alternative84 , EBE (Eq, cash) 79, Service 81 ,Vestg condtn 86 7.76
113 FV
Highest & best use, FV rules to eq & liability 101 4.98 Service conditn, prfmnce cndtn, reload feature 89/non market cndtn 91 7.86
Measuremnt
Offsetting positn in market risk/counterparty risk 4.102 Modificatn, cancellatn & settlemnt/ FV Calculatn 101, Group SBP 102 7.97
Valuatn Techn- Market, cost, income/Inputs to techn 4.106 PAT- Non market conditn, SAR 117, 121 7.115
EBITDA,EV & equity valuatn123 ,labour cost.markup 125 4.122 19 Empee benefit (EB)
Non monetary exchange, 1.Identiyg contract(5 criteria) 5.3 Types of EB ST paid absnces 12,19 ,Prft sharing/bonus plan21 8.8
Combing contrct, contract modifictn 15 ,2. Identfy PO20 5.13 Post EB - Defind Contributn/benefit Plan (Estmt confuse readers) 32 8.23
Implicit, explicit promise/2 step model- G,S distinct 5.21 Net DBL/asst ceilg/surplus as Net DBA 57, Benefts attrbtd, oblgtn 8.36
Series of distinct G/S, s/w,install,support 30 5.27 Termination benefits, Benefits attrbt 83 , ST cmpsn absnce, 8.68
Customer optn for addtl G/S(Gym, disc) , Consignmt 5.35 Contribution to plan, Reco of plan assets & DBO 8.85
arrngt(Nor-nee-custmr), Prncpal & agnt (Ticket,advrt) 5.39 37 Provisions, contingent A/L
Upfront fees(Activatn fees), 3. Transaction price 46 5.44 Executory/onerous contrcts 120 , provsn to recgntn of Rev/exp/loss, 8.90
Expectd value,most likely/ Reassessmnt(volume disc) 5.48 Oblgtg evnt, Contngt L&A/Provision 96 ,constructive obligatn 98 8.92
115 Revenue Right of retrn, Warranty 60, Significant fincg compnt 64 5.57 Staff retraining, Fit smoke filters, refurbishment , ship overhaul 8.99
from contracts Advance payment/arrear , non cash consideratn 5.71 Contaminated land, Oilfield, Courtcase, Warranties, sales commsn 8.102
customer provd G/S, Consideratn payable to custmr 78 5.77 Contingt asst, Reimbrsmnt115, Chnge in provsn, restructurg 121, 136 8.108
Slotting fee, Coopr advert arrgmt, price protectn 5.79 Levy, IT Scrutiny assmnt 135 , duty drawback app, Onerous138 8.128
Allocatn methd , chg in trns price 93 5.86 12 Income taxes
5.trnsf of control (Over a period of time/point in time) 5.97 DTA- DTD, C/F of unused tax loss/crdt, Enacted/substnv enacted 9.9
Output/input method (Elevator) 109, Repurc agreemt 112 5.106 Offsetting CTA & CTL, BD provisn, Tax base of asset 18 /Liability21 9.12
Frwd, call, put/ Bill & hold 117 , License to IP119 5.113 Busin.combntn- Tempry diff, TTD/DTD Matrix table, 9.27
Contract cost , Service concession arrngt 131 5.124 Exception Initial recog of GW BC& A/L not BC/ Invt in S/A/JV 9.35
Not-recg DTLParnt able to cntrl timg of revrsl/not rev in forseabl fut 9.40
Definition(HFS,WIP,RM) 6.4 Assess/reassess- DTD/Tax losses/tax credit (Set off 3 Criteria) 9.42
Cost, Fixed o/h allocatn, Joint & by prodct 15 6.13 Tax rate- Asst realisd/ liablty settld, Chg in DTA/L thou no chg TD 9.49
2 Inventory Invt Valuatn Techn(Std & Retail) 6.19 Offsetting DTA & DTL, DT arisg from BC, CT&DT from SBP trsns 58 9.54
NRV(Sales- Estmtd cost to sell) 6.23 Change in tax status, Relatnshp between tax amt & Accountg amt 9.60
O/H allocation sums 6.40 Investment in L Ltd/ HO Building, Change in tax rate 89 9.76
 Spare,standby,service equip 6.48 21 Effects of changes in Forex
Rep & Main, Replacemt, Inspectn/Overhaul 6.49 Functional currency(Primry/secondry indicatrs), montary, non-montary102 9.96
Costs(Inc Dismantg, removg, restorg) 6.52 Net invstmnt in frgn operatn, change in functnl currency 108 9.106
Self constructd asset & Bearer plant 6.53 Trnsltn to presentatn currncy, Intra group transaction, dividend 9.109
Deferred credit terms 6.55 Disposal/partial disposal of foreign operatn, purchase of machinery 127 9.116
PPE Acquird in excg of asset-Commercl subst 6.57 Revenue recognistn, unrealised profit, Foreign currency loan 9.128
Model- Cost & Revaluatn 6.60 24 Related party disclosures
Treatment of Revaluatn G/L 6.63 RE & persons, RE & another entity / Not related parties 10, Disclosures 14 10.6
Factors affectg useful life of asset 6.66 Exemptn to govt related entities 10.20
Compensatn for impair,Derecognitn 6.69 33 EPS
Sun ltd- Factory , Decommissng liability 81- Sum 6.77 Early conversion of pref share @premium, Excess pymnt to pref SH 10.46
Acq,constr,prodct of QA(105) 6.103 Treatmnt of after tax amount of pref dividend , weighted avg no.of share 10.49
Sum-S/w, license, RE permit, Finance lease 6.106 Date for issue of shares/contingntly issuable share 71 / bonus, share split 54 10.52
23 Borrowing Exchange difference in Borrowing cost 6.109 Rights issues, Diluted EPS 61, Incremental share calcultn 63, dilutive test 65 10.56
cost Capitalisation rate 6.114 Options, warrants/Emplyee stock options / Entity with discontd operatn 73 10.66
Commencemnt of Capitalisatn(3 Conditn) 6.117 Written put option, Alloctn of undistributd earnings 81 , partly paid share 10.77
Whisky, working capital(130), Grp loan(134) 6.121 108 Operating segment
Indicatn of Impairmt-External & Internal 6.142 Component, CODM, discrete FI / Discontinued operation 10.101
Chg in mrkt int rate, Dividend from Subsd 6.143 Committee of non executive Dir , reportable segmnt, Aggregatn criteria 106 10.103
Goodwill 6.146 Transport sector, quantitative threshold 110, Disclosures , Reconciliatn 120 10.108
Recoverable amnt = Higher of FVLCOD/VIU 6.147 Information about product & services/ major customer 10.123
VIU- Cash flow & Applicable Disc rate 6.150 Financial instrument
36 Impairment Activ mrkt for assets, CGU identd consitently 6.162 FA -Contractual rghts, FL 11 ,(Eq.instrmt-non dervt/dervt, pref shar)14 11.6
Allocatn of A&L,Sum-Mine,razor, airline(165) 6.163 Distributn on pref share, Buy/sell Non FI(own use exemptn) 24 11.18
Allocatn of GW, corportate asset 6.165 BM Test, Contractual cash flow test 32, Amortz cost,FVOCI,FVTPL 38 11.26
Reversing Imp.loss 6.177 Fees that are integral part of EIR(Originatn,commitmnt fee) 11.46
NCI- GW impairment testg 6.178 Subsequesnt measuremnt, security deposit 58, Invstmt in eq.share 59 11.53
Sum-Magazine, Plant 1,2, VIU sum(207,210) 6.188 Loan to wos, loan & processg fee 68, processg fee to undisbrsd loan 71 11.61
In physical substnc, rights under licens agre 6.219 Prepaymnt premium & processg fee, share held as SIT 72 ,Reclassifctn 73 11.71
N/A to service concessn arrangements,def 6.220 12 Month/life time ECL, Preference share,loan & interest,debenture 92 11.80
Cost(Inclu & Excl), deferrd consideratn 6.232 Puttable instr & oblgtn on liquidtn(Exceptn to classificatn) 11.94
Internally generated Intg.asset(R&D phase) 6.239 Settlemnt in own eq.inst/ fixed for fixed test(conversn ratio) 105 11.102
38 Intangible Treat as exp, Factors to consider useful life 6.245 Frgn currency convrtible bond, compound fin.inst, 11.110
Sums- Customr list,patent,broadcast licence 6.256 Conversion,early settlemt/treasury share/interest,dividend,loss & gain 11.116
Fertilizer, patent, pharmaceutical cmpy 6.265 Offsetting FA & FL , Derivatives(value chng, invstmt, future settlemnt) 124 11.120
Noncompete fee, franchise rgt, custmr relat 6.280 Embedded derivative -Underlying indices, prepaymnt option) 11.130
Regulatory approval 6.283 Frgn currency derivatv embedded in NFI 141 , Oil seeds 140 11.136
Invst & owner occupd propty, Ancillary serv 6.288 Trade & settlemnt date accountg - Forward & options, Derecognitn of FA 11.145
40 Investment Cost(294), Exchange of asset 6.299 Risk & reward test, Repurchase agreemt- Call & put, Acing treatmt trnsf 11.152
property Cost, Rental income-P&L items 6.316 Debt factoring(Continug involvmt asst, guarantee) 11.159
Mgmt intention'change in use 6.318 Extinguishment accntg, Modificatn accntg, Debt for equity swaps 11.161
Available for immedate sale, Highly probable 331 6.326 Hedge accounting 11.171
Excptn to prd of 1 yr, asst acqurd for subseq disposl 6.328 103 Business combinatn
105 NCA HFS
& Discontd NCA to be abandoned, Measuremt of NCA-HFS 332 6.330 Busns, Asst acqst, obtn contol, 3 elmnt of bus, Frthr assmt 12.3
operation
Recogntn of impairment/reversal, changes to plan 6.332 Concentratn test, acqtn method(16) ,acq -issue of Eq.instrm 12.9
(no longer HFS) , presentatn 341, discontd operatn 343 6.337 Otr pertint facts & circumst-Idty acqr, Reverse acq 97,23 12.19
/acq involvg shell cmpy, determg acq date 26, step acq 33 12.23
Determing PC, Direct cost of acq(36) 12.30
Exceptn to recogntn/measurmt princ
Contg liably, IT, Ee beneft, Indemn ast 12.41
Reacq rgts(52), summary chart(46) ,Intgbl ast- Cstmr list/DB 12.46
Pre-existg relationship : Acqr G/L ,GW/Bargain purc sums 12.53
Measuremnt period(info within 1 yr) 12.57
Determine wt is part of BC:Who,time inititated 12.60
Cntgnt pymnt to Ee's, acqr SBP awrd exchgd-acqee awrd 66 12.62
Non replacement awards(105) 12.69
NCI in acquiree, Common control(80) 12.72
 110 Consolidatn procedure 27 Separate Scenario prepre SFS, cease/ bcomes invst entty 13.175
Consldtn exmptn, Cntrl evaluatn10 13.6 FS Reorganisatn of grp structure 13.180
Powr, exposure/rights, Affect invtr rtn 13.10 Acq date profit/post acq profit/ Value of P&M/Consol RE 13.210
Relevnt actvty, Substntve/protctv rgt 13.11 Calculatn of NCI , Disposal 225 , Asset trnsc 228 , FVOCI to P&L /RE 229 13.219
Franchise agrmnt, Voting right 13.22 Joint arrangement, Exemption from Consolidation 13.232
Power O/T through voting right -Purpose & desgn Invstee, 13.27 101 FTA of Ind AS
contrctual arrngemnt, Specl relatn b/w invtor/ee Date of transition,first Ind AS FS, Deemed cost 19 , previous GAAP 14.3
Invstor- More than passive int in invstee 13.31 Accountg policy , Genrl principle- Recog,not recog, reclassify, measure 14.7
Reputational risk, Removal rights 35 13.33 Derecogn, hedge accntg, NCI, Classificatn & measuremt of FI, Impairmnt FA 14.10
Fund mngr, Link b/w power & rtrn41 13.37 Embedded derivative, Govt loan/ Optional exemptn - BC/ Insurance / SBP18 14.13
Defacto agnt -Relatnshp with other parties 13.43 Investmt propty, cumulative translatn diff, LT forgn currency monetary item 14.20
Silo- Deemed separate entty, contrl spcfd asset 13.44 Investment in subs,JV,A/ Compound FI/ Decommissioning liability in PPE 14.25
Continuous assessmnt, Invstmnt entity 13.45 VAT Loan, Retained earning GAAP to Ind AS 14.41
Earnig from invstmnt (Othr benefits), exempt 13.51 Analysis of FS
Calcultn GW/Cptl rsrve, FV/prop share metd 13.59 Features of FS, best practices (Integratd approach), whether FS crctly prsntd 15.5
Step acqstn, Cntrl subs without trsf consdrtn 13.66 Borrowing cost/player registration, valuation of stadiums /Joint arrangmnt 15.26
Unifrm acntg plcy- like trsc/ events/ similr circm 13.68 Professional & Ethical duty
Diff reportng date, dvdnd from subsd &NCI 13.71 Second schedule, Fundamental principle (Option to purch land back) 10 16.6
Eliminatn of intra-grp trnsc (Invtry & PPE) 13.77 Dismantling oil rig, Need signfct capital injectn /projected cash flow stmt 18 16.12
Allocatng share in P/L to NCI, Chnge in prop 13.81 Lease 43 , Dirctr incentive- Operatg proft margin, pension entitlement 25 16.23
held by controllg&NCI, Chain holdng 93 13.85 Cash flow statement, Employee performance based incentive 30 , Inducement 16.28
Anlys of R&S/Effctve int/GW,CR/Conso eqty 13.96 NOCLAR Respnsiblty- Senior CAIS, Dir incntive- Loan from director, Prft 16.34
Loss of control - Outright sale/partial disposal 13.100 NCA HFS, discontinued operation 16.40
2/more arrangmt, Chng in invst entity status 13.106 Accounting & Technology
111 Joint arrangement( JA) Automation process, benefits, challenges/ RPA/ Cloud computing/ ERP 17.5
Contrctual arrangmt, Joint cntrl(relevnt actvty, unanims consent), 13.114 ICOFR, Cybersecurity threat(proactive measure), Block chain 17.13
Types of JA J.oprt/vntr- legal form/terms/facts & circm 131 13.123 AI- Benefit/Challenges, Financial closing & reporting, Inventory mgmt 17.20
Acctg J.Oprt Sale/Purch of asst to/frm J.Oprt, Actg for acq 13.133 Oil seeds, Performance obligation is distinct by automated process, Trnsprt 17.30
28 Associates & JV
Signft inflnce - Judgemt reqd(Reprsntn in BOD, Policy makg proces 13.142
Materl trnsc, inter.chng of mngrl persnel, essnt.technl info)
Potential votg rigts in assc & JV(Intentn of mgmt, fincl ability) 13.145
Equity methd ( Invstm, P&L, OCI, Distributn), Exemptn 13.147
Up & Down stream , Unifrm acing policy- exception 13.155
LT int in assc/JV(Pref sh/LT recb,loan), Loss makg A/JV 13.160
Net invsmnt impaired, discontinue eq.mthd, A/JV-->HFS 13.166
 Chapters Key words Subtopics Pg Chapters Key Words Subtopics Pg

Mischief/Golden/Harmonious, Beneficial 1.5 191 Direct paymt- Specfd securty, sweat eqshare( Free of
Rules of Interp constructn
cost/ Concessnal rate) 13.3
Aids to interpretatn(Int & Ext) 1.8 192 Salary(Non-mon perq) 13.4
Basic Persons Persons, Assmnt, Cap,Rev Recpt 1.12 192-A Premature withdrawal from EPF(50K) 13.9
Concepts Diversn & Applicatn of Income 1.22 193 Interest on security 13.11
Salary, House property, India 1.25 194 Dividend(5K) 13.13
Excep- PY Income assd PY itself 1.31 194-A Interest o/t Interest on security(5,40K,50K) 13.14
Undisclosd incme, Tax,sur,ces 1.33 194B/BB Lottery, crossword puzzle, horse race(10K) 13.22
10 (1) Agri incm, apportnmt bus & agri(8) 2.5 194BA Online games( Net winnings) 13.24
(2),(2A) Member of HUF, Partner 2.19 194-C Contractors/Subcontractors(30K/1L) 13.33
(10BB),(10BC) Bhopal gas victim & Ac of disaster 2.20 194-D Insurance commission(15K) 13.42
Edu schlsp, mp & mla, Litrry, sctfc, artstc
(16)(17)(17A) 194-DA
awrd by gov 2.21 Life insurance policy(1L) 13.42
(18)(19A) Gallantary awrd, palace of ruler 2.22 194-EE Deposits in National savings scheme(2.5k) 13.44
(20)(21)(23A) Local Authrty, Resrch/prof assoc 2.23 194-G Commission on sale of lottery tickets(15K) 13.44
(23)AA& AAA Armed forces, fund for ees 2.26 194-H Commission/Brokerage(15K) 13.45
AAB, B, BB LIC/others, Khadi & Village(prom) 2.27 194-I Rent(2.4L) 13.47
BBA,E,G,H Trust,IRDA,Electricity,prasar bhar 2.28 194-IA Purchase of imm.property O/T agri(50L) 13.52
23C Certain funds/institutions 2.28 194-IB Rent by certain Indv/HUF(50K) 13.54
Not form 23D/23EA MF, Invtr protectn fund by RSE 194-IC
2.30 Specified agreement(RE project-45(5A)) 13.55
part of TI 23EC/23ED 194-J
IPF by comm exc/depository 2.31 Professional/Technical service(30K) 13.56
23EE Core settlement guarantee fund 2.32 194-K Units of mf/admin of spcfd under,cmp(5k) 13.62
24,25,25A Trade union, Prov/SuAn/Grty,ESI 2.33 194-LA Compul.acquis of imm.prop(2.5L) 13.63
26.AAA.AAB.B ST,Sikkim,APMC/B, SC/ST/BC 2.34 194-M Contract wrk/commsn/brokerg/fees(50L) 13.64
BB,BBB Minority commty, ex service man 2.35 194-N Cash withdrawal(1/3 CR) (20L/1 CR) 13.67
27, 29A SC/ST, Coffee/tea/rubber 2.35 194-O ECO to ECO Participant(5L) 13.72
30,31,39 Tea board subsdy,other, intn sport 2.36 - Non applicability
40,42,44 Power, body/authrty, NPS trust 2.37 -Applic-Paymnt gateway/ins agg/E aucti
46,46A,46B Cmmrcial acty, Cntr/st act, NCGT 2.38 194-P Specfd bank- specfd senior citizen 13.76
47,48C,48D,48E IDF, Petroleum, Infra/deve,fin inst 2.39 194-Q Purchase of Goods(50L) 13.80
14A Expenditure of exempt income 2.40 194-R Benefit/perq in BP(20K) 13.85
Speculatn business, ICDS 3.9 195A Net of tax 13.98
Build- Rent,rates,tax,repair & Insn 3.27 196 Int/Divid payable to govt/RBI/Corpr 13.99
Admisb ded
P&M,Fur -Repairs, Insn 3.28 TDS, TCS 197 LDC, No deduction(197A) 13.103
(30,31,32)
Depreciation 3.29 199 Credit for TDS(Rule 37BA) 13.106
43(1), (6) Actual cost, WDV(53) 3.47 200 Duty of person deducting tax 13.108
32(2) Carry frwd & Set off of depre 3.57 201 Failure to deduct- Deemed AID 13.109
33AB Tea/Coffe/Rubber Devlp account 3.60 Time limit- Deeming a person to be AID 13.113
33ABA, 35 Site restoratn fund, Scntfc Resch(69) 3.65 203 Certificate of tax deducted 13.114
35(2AB)/(ABA) Bio-tech/Manf, RTU spectm telecm 3.75 203A Common number-TDS & TDS (TAN) 13.116
(ABB) License to operate telecom service 3.81 204 Person responsible for paying TDS 13.117
35AD Invt linked tax incentives 3.85 206A Paymnt of income to resident without TDS 13.118
35CCA Contribtn for Rural devlp 3.96 206AA Mandatory requirmt to furnish PAN 13.119
35CCC Notified agri extension project 3.97 206AB Non filers of ITR- Higher rate to TDS 13.120
35CCD Notified skill devlp project 3.98 206C(1) TCS - sale of crtn gds(Exc: Manuf,proc,prod) 13.121
35D Amorti of Prelim exp 3.99 206C(1C) Lease/licence of parkg lot/toll/mine/quarry 13.122
35DD Amort of exp for Amalgm/demerg 3.103 206C(1F) Sale of motor vehicle(10 L) 13.123
35DDA Amort of exp for VRS 3.103 206C(1G) Overseas remittance/ tour package(7 L) 13.125
35E Amort of exp prospct & devlp minl 3.104 206C(1H) Sale of gds(50L)- (Excgs, motor.veh, fuel NRI) 13.131
36 Other-BD, anim, Pensn,ZCB, Int BC 3.106 Cross applicatn(194 O, 194 Q, 206C(1H)) 13.134
37 Residuary - Keyman, disallow CSR 3.124 206CC Non furnishers of PAN -Highter rate of TCS 13.136
Inadmsb ded- Int, royalty, FTS without ded/pay 3.132 206CCA Non filers of ITR- Higher rate to TCS 13.136
PGBP 40(a)(i)/(ia) Disallow 30% of any sum 3.134 Payment, statement dates of TCS, interest 13.139
(ib)/(ii)/(iib) Equalizatn levy, tax(90,91), SG 3.138 206C(9/10) Lower TCS, rate specfd in Certifcate 13.143
(iii)/(iv)/(v) Salary, Prv fund, tax on perqs 3.139 Processg TDS/TCS - Permissbl adjust
200A/ 206CB 13.144
40(b) Non workg partn, not authrsd deed 3.140 Intimation, Grant of refund
40(ba) Int, salary, comm, rem to AOP/BOI 3.143 207 Advance tax: Computation, Instalment 13.145
40A(2)/(3) Relatve/assc & excess of 10K(6DD) 3.144 234A/B/C Interest- Non Filing, non-paymnt, def paymnt 13.149
(7), (9) Provision for gratuity, fund/trust 3.150 234D Interest on Excess refund 13.155
(13) Marked to market loss 3.151 220 Paymnt of tax & default- Notice, proceedings 13.156
Chrgbl tax (41) Remission/cessation of tradg liablty 3.151 222 Tax recovery officer - Property, attachment 13.161
(2),(3),(4) Bal.char, sale capt.asset, recvy BD, 3.152 228A Recovery of tax - Agreement with forgn cntry 13.164
(4A) Wtdwl from spcl reserve a/s 3.152 230 Tax clearance certfct- Not domiciled, ship, air 13.165
 (5) B/F Losses of defunct business 3.152 231 Faceless collection & recovery of tax 13.167
Provision (42) Business of propecting mineral oil 3.153 232 Refund- Eligibility, deny liabty to TDS (195) 13.168
43A Changes rate of exchg of currency 3.155 244A Int on Refund - Fresh Asse/Applt/revis ord 13.170
43AA Taxation of forgn exchn fluctuatn 3.156 245 Set off of refunds aganst tax pybl/witholdg 13.174
43B, 43C Act paymt, computatn of COA asst 3.161 117/118 Appointment & Control of IT Authority 14.3
43CA, CB SDV L&B (SIT), Constr & serv cont 3.165 119 Instruction to subordinate authority 14.4
43D Public financial instn, public cmpy 3.165 Condonatn delay- acept/reject- appl/Claim 14.6
44 AA/AB Maint of A/c, Audit of accounts 3.166 119A Taxpayer charter -ITD Commitd/expects 14.7
AD/ADA/AE Special provs for computg PGBP 3.174 120 Jurisdictn, Jursdct AO, Time lmt for call que 14.9
DB Dedt- Busin reorg of Coopr bank 3.181 127 Power to trnsf cases 14.12
7A/7B/8 Partly agri/busn income 3.186 Income 130 Faceless jurisdictn of IT Authority 14.13
2(14) Captl ast-SIT, Prsnl effect, rurl land 4.2 tax 131-136 search, seizure, requistn, call for info, survey, 14.15
2(42A), (47) ST/LT CA, Perd of holdg, Trnsf(14) 4.7 authority 132(4A) Rebuttable presumption 14.23
45 Insurance recpt, ULIP(10-10D), Convr of 132(9D) Reference to valuatn officer/any person/ent 14.24
(1A)/(1B)/(2)/ CA as SIT, Trnsf of Beneficial int, CA as 271AAB Penal provision on undisclosed income 14.26
(2A)/ (3) Capt contri 4.16
(4) Disltn/recnstitn -AOP/BOI/Frm 4.20 132B Permsble adjstmt- Asset seized/requisitnd 14.30
(5) Compensatn on complsry acqst 4.30 133A Survy- Alwd Plac/time, perms/imperms act 14.33
(5A) CG in case of Specifd agreement 4.30 135A Faceless collection of Information 14.39
46 & 46A Distrb in Liquidtn, Buyback share 4.33 139 (1) Compulsory filing of ROI 15.3
47 Transactn not regarded as trnsf 4.39 (1C) Exempted from filing ROI 15.8
47A Withdrawal of Exemptn 4.58 (3),(4),(4A) Rtrn Loss,belated rtrn, ROI Trust/Insttn 15.12
48 Mode of comutatn of Cap gain 4.59 (4B),(4C) Poltcal partes, rsrch assc,news agncy,trd uni 15.13
49 Ascertnmnt of cost in spcfd circmst 4.63 4D/E/F,5 Univ & Colg, Busn trust, Invst fund, revised 15.14
Capital 55 Fin.asst Rgt entitlemnt/share, Bonus share 4.77 (9), 234F Defective return, Fee- default in furnsh ROI 15.16
gains 55(1) Cost of improvement 4.87 170A Order of Tribunal/court IRO Busn reorgnt 15.19
50, 50A, 50AA CG of deprcbl ast, Mrkt link debtr 4.90 139A /AA PAN, Quoting of Aadhar number(33) 15.20
50 B,C,CA,D Slump sale, Deemed full val consd 4.94 139B, 140 Retn thrgh tax retn preparers,authsd person 15.35
51 Advance money forfeitd 4.105 Assmnt 140A,139.8A Self assessment, Updated return of income 15.40
10(33),(37) Trsnf in unif schm, comp.acq agri procdure 142 Inqry bfr assmnt,spcl audt & invnty valuatn 15.50
4.109
land urban lmt 142A Power of AO to make refrn to Valuatn ofcr 15.54
54, 54B Residential house, Agri land 4.111 142B Faceless inquiry & Valuatn 15.54
54D Complsy acq of L&B indus undrt 4.116 143(1,2,3) Summry, reglar, scrutny assmnt; spcd violatn 15.56
54EC LTCA being L/B 4.118 144 Best judgemnt assessmnt 15.61
54F LTCA not being Residential house 4.120 144B/ BA Faceless assmnt, Ass.ofcr refern to PC/C(73) 15.62
54G Shiftg indstl undert frm urban area 4.123 144C Refern to Dispute resolutn panel 15.76
54GA Indstl undrt urban area to SEZ 4.124 147 to 151 Income escapng assmnt 15.80
55A Reference to Valuatn officer 4.127 153 Time limit for completn of assmnt 15.94
111A/112/112A Tax on STCG/ LTCG 4.127 154, 156 Rectification of mistakes, Notice of Demand 15.104
80AC Mandatory ROI for claiming dedct 8.4 246(1), 249 Appeals bfr JC/C, Fees/time limit/procd apl 16.2
Heading C Deductn IRO certain income 8.4 253 Appeal to Appellate tribunal, memo cros.obj 16.10
80C ULI, LIP, deferrd annuity, SPF,PPF,RPF, NSC VIII 8.6 Stay of demand,Benches(Sngle memb/specl) 16.14
80CCC/CCD Certain pension fund/scheme CG 8.17 260A Appeal to High court- Award of costs 16.16
Appeals &
80CCH/ D Agnipath schme, Medicl insn premium 8.24 261, 158A Appeal to supreme court,identical que of law 16.18
Revision
80DD/DDB Dependent disabled, Medical treatmt 8.31 158AB Defermnt of appeal by revenue 16.20
80E/EE/EEA Loan for higher educatn/acq of HP 8.34 263, 264 Revision of orders 16.22
80EEB/G Loan for electric vehicle/Donations 8.40 264A,B Faceless revision, faceless effect of orders 16.26
80GG/GGA Rent paid/scientific reserch,rural devl 8.51 268A Monetary limits for filng of appeals by dept 16.28
Deductns 80 GGB/GGC Political parties 8.54 270A Penalty leviable for under reportg of Income 19.3
80 IA/IAB Infrastructure develpmt/ Devlp SEZ 8.56 270A(9) Misreporting of Income, Penalties 19.7
80 IAC/IB Startups/Fruit,veg,meat,dairy 8.65 270A(10) Manner cmptatn-Tax paybl undr-reprtd incm 19.8
80IBA/IE Housing projects/ North east state 8.68 273A Reductn/waiver of penlty-(Relief only once) 19.10
Provsn to
80JJA/JJAA Bio degradable waste/New emplymt 8.77 Other penal provisions under IT, Act 19.16
counterct
80LA/M Offshore bankg unit & IFSC/Divdnd 8.82 Taxtn of undisclosd sources of incom(115BBE) 19.29
unethical
80P/PA Incm co-oprtve society/Producr cmpy 8.85 274 Procedure for assessment of Penalties 19.32
tax
80QQB/RRB Royalty books/ Patents 8.89 275 Time limit for impositn of penalty 19.34
practices
80TTA/TTB/U Int on deposit/Person with disability 8.92 Offences and prosecution under IT, Act 19.36
10AA SEZ/Export 8.95 278E Presumption as to culpable mental state 19.40
Declr & pymnt of Dividend 9.4 270AA Immunity from impositn of Penalty & Proscec 19.42
Taxatn of
Widely/closely held cmpy 9.5 Chap II Undisclosed forgn income & Assets 19.44
Cmpy
Tax/Surcharge 9.6 Residential status- I,H,A,B,LA,AJP, Cmpy(11) 21.3
115BAB/BAA Domestc cmp(Manuf/elec) 9.9 115JH Cmpy incorp o/s India & not assess tax earlir 21.24
115JB MAT - (Book proft, Ind AS (23) ) 9.17 Incm attribtable to operatn carrid India-IPA 21.38
First time adapter 9.25 NRI Investmnt in Catergory I,II of FPI 21.40
92CC,92CE Adv pricg agrmnt,secndry adjust 9.35 9(1)(i) Share/int in cmpy,enty regstd/incorp os Ind 21.41
Non applicability, IFSC 9.37 9(1)(iv,v) Salary, Dividend, Interest (Debt/Borrow) 21.45
 115JAA Set-off of tax credit u/s 115JB 9.44 9(1)(vi) Royalty (Trnsf/Use/utilizatn of Proprty,info) 21.46
115QA Addt.IT on BB share(Chap XII-DA) 9.45 Exempted certain s/w on subseq trnsf 21.48
115V Shipping cmpy -Tonnage income 9.52 9(1)vii/viii FTS, Money payble- Res-->NRI,RNOR(50k) 21.50
Qualifg cmpy,ship,tonnage tax schm 9.53 9A Eligible investment fund -Fund mgr, conditn 21.54
Common cost, book P/L 9.59 Furnishing of statement 21.57
115VQ,VR,VS Period, renewl, bar from opting 9.62 Exempted income of NRI 21.60
115VT Tonnge tx resrv a/c(Misutl,shortfal) 9.63 10(4)ii Int on credit of Indvd NRE a/c 21.60

10(4C)
Min traing reqmnt, Limit of charter Int on spcfd offshore rupee denominatd bond,
10(4D)
9.66 Income of spcfd fund on trnsf of crtn asset 21.61
Cmpy under liquidation IFSC - *Trnsf of non delvrbl frwd/ offshore, OTC
10(4E)
9.70 derivative with offshore banking unit 21.63

Assmnt of Other AMT - Levy, non applicability- 115JC 9.72 10(4F) *Royalty/interest on lease of aircraft/ship 21.64

various entities Tax credit 9.74 10(4G/4H) *Acnt maintnd offshore bankg.unit/NRI/Unit 21.65

entities Firm / LLP - Tax, surcharge 9.76 10(6)(ii) Officials of embassies of foreign states 21.66
Remuneratn to partner, book proft (83) 9.80 10(6)(vi) Servc in India, frgn natonal ees by frgn entpr 21.66

40(b) Int pybl to partner, reprsnt capacity 10(6)(viii)

9.84 Employment on frgn ship(<90 days)
21.68
Liability of partner in liquidation 9.94 10(6)(xi) Frgn govt employee for spcfd training
Cmpy to LLP- Not regd as trnsf 9.96 10(23FBC) Income/trnsfr by unit holder from spcd fund
80P Co-operative society - Deductions 9.100 10(23FE) WOS Abu dhabi Invst authty,SWF, SPF 21.69
115BAD/BAE Resident - Manuf/Elect/Other 9.101 Non Presumptive taxation - Profit or Gains
115BAC Indiv/HUF/AOP/BOI - Tax 9.110 resident 44B Shipping business- Operatn of ship (7.5%) 21.80
89A Incm from retirement benefit a/c in taxation 44BB Business of Exploration of mineral oils (10%) 21.85
notified country specfd person/ac. 9.117
44BBA Operation of aircraft (5%) 21.86
171 HUF Partition, Salary & gifts (126) 9.121 44BBB Frgn cmpy- Civil constructn(Turnkey) (10%) 21.88
Aop/Boi- asmnt in membr hand(132) 9.129 44C Deductn of HO exp 21.90
Local Authority 9.136 44DA Royalty/FTS - Agrmnt NRI vs Indn cmp/GOI 21.92
Mutual concerns - Insur busn,Club 9.138 115E Investment income (20+4%), LTCG (10+4%) 21.99
Tax planng for business deduction 9.154 115F Exemption of LTCG 21.99
115B Tax on Life insurance business 9.162 Dividend - IFSC(10%) ,other(20%)
115ACA Tax on GDR in forgn.currency 9.163 Int - Govt/Indian concern Frgn currncy(20%)
(Specifd knowldg based indty/serv) - Infrastructure debt fund(5%)
115A 21.103
115BBF Royalty income- Patent in India 9.165 - Till 30.6.23(5/4%) , From 1.7.23(9%)
115BBG Transfer of carbon credits 9.167 - FII/QFI (5%)
10(23C) Univsty, hospt, educ/medic insttn 10.5 Distributed income/Royalty/FTS
11 to 13 Charitable/ Religious trust & Instn 10.9 115AC Bond/GDR purchased in Frgn currency(10%) 21.107
Income of Chartiable trust & Insttn 10.15 115AD Spcd fund/FII from security 21.109
Conditn for availg exemptn under First & 115BBA NRI Sportsmen/sports associations(20%) 21.113
10(23C)/ 12AB
Second Regime 10.23 115JG Conversn- Ind brnch of frgn cmpy to Ind cmp 21.115
12AB(4)&(5) Cancellatn of Registn/Approval 10.30 194E TDS on Sportsmen/Sports associations(20%) 21.120
Specified violation 10.31 194LB Int- Infrastructure debt fund(5%) 21.125
139(4C)/(4A) Mandatory filing of return 10.32 194LC Int- Indian cmpy/bus trust( 4/ 5 / 9%) 21.126
Rule 17AA Prescribd,time,place BOA & Docu 10.33 194LD Int- Govt sec/Rupee denmd bnd- FII/QFI(5%) 21.128
Apptn of Income- Key considertn 10.36 195 Other sums 21.129
Apptn out of Ln & Brw 10.43 196A Units of mf/spcfd cmp(20%) 21.137
Trnsfr of captl ast held under trst 10.46 196B Units- Offshore fund(10%+4%) 21.137
Accumulation of Incm: Condt,fail 10.48 196C Frgn crncy bonds/shares of Ind cmpy(10+4%) 21.138
Assmt of No claim of exemption 10.55 196D FII & Spcfd funds from securities(20% & 10%) 21.138
trust, 13 Denial of Exemption 10.56 173,228A Recovery, submission/furnishing/st.agents 21.143
political (1) (c)/(d) Benefit of any prsn/Imprmsb mode 10.56 ALP Significance, Difficulty 24.4
parties & Prohibited use/applicatn 10.58 92A AE, Deemed AE 24.8
Spcl entity Prohibited category of persons 10.59 92B Intl trsc/Deemed 24.12
13(8) Advncmnt of any other obj of GPU 10.61 92C ALP, TP methods (28) 24.17
Anonymous donatn recd by Charitable 10CA Range concept 24.32
115BBC
trust/ Institutn 10.64 10B Comparability analys 24.34
115BB Specified income of NPOs 10.68 92CA Reference to TPO 24.38
Chapt XII-EB Accreted income crtn trust/inst 10.69 92CB Safe harbour rules 24.40
115TD Method of valuation 10.77 92CC/CD Advnce pricg agreemnt 24.41
164(1) Taxation of Discretionary trust 10.81 Revisn, cancellatn, Rollback 24.46
164A Taxatoin of oral trust 10.85 92CE Secondary adjustment 24.58
13A Income of Political parties 10.85 Repatriatn of excess mony 24.60
13B Volntry cnributn recd electoral trust 10.88 92D Records to be maintnd 24.63
Transfer
115TCA Taxat regim for securitizatn trust 10.94 10D Info/doc maintnd, threshold 24.64
pricing
115UA Taxatn of REIT & INVIT 10.96 92E Audit report 24.67
10(23FBA) /(23FBB) Spcl tax regm- Invst fund 10.109 Penalties- Fail furnishing reprt 24.69
 56(2)(i)/(ib) Dividend income, casual income 5.2 Country-by-country reprt 24.72
(viib)/(viii) Consider in excs of FMV, int on compns 5.9 Cbc reprt by constitnt entity 24.74
(ix)/(x)/(xi) Adv forfeit, Inadeq considr, termnt emp 5.15 Penalties-Non furnis/ failur/ Inaccr 24.76
xii/xiii -10(10d) Unit holder from bus trust, LIP/ULIP 5.29 10DA Maint & Furn info/doc by cert per
IFOS ULIP, keyman insur policy not exempt 5.52 Being Constituent entity 24.77
10(15) Certn exmpt int.incm, bhopal gas victm 5.53 92BA Specified domestic transaction 24.82
115BB Residual income, Casual income 5.55 Market value to be ALP-SDT 24.85
115BBJ/ 57 Winnings frm online game, deductn 5.56 10TH/THD Safe harbour rules 24.88
58/ 59 Deductn not allowable, Deemed incm 5.59 Info/doc to be maintained 24.92
60/ 61/62 W.o trnsf asst/revocable trnsf asst.excpt 6.3 94A Specfic antiavoidance measure-NJA 24.96
64/(1)(vi) Spouse/ son's wife/ Minor income 11 6.4 94B Limitation of Interest deduction 24.99
Clubbing
64(2) Cross transfer/ self acq prp to HUF 6.13 245MA Dispute resolutn committee(COFEPOSA) 17.3
Dispute
65 Liability of prsn- Incm incld in anoth prsn 6.15 Time limit, screeng applictn, procdr 17.8
resolution
70/71/71B/72 Inter source/Head adj, HP/Bus loss 7.4 Reduce/waive/immunity, AO ordr with DRC 17.11
72A/ 72AA Amalg/demerger, Scheme of amalg 7.12 269SS/ST Taking,accept L.D/ Undertakg trsct 18.3
Aggregtn,
72AB Business reorganisatn co-opertv bank 7.18 SU/T Accpt pymt thrg E-mode/Repay L.D 18.7
set off/
73/73A/74/74A Speculation, Specified Bus, CG, Horse 7.20 281/281 B Trnsf defraud void/Provsnl attchmt-protct rev 18.10
carry
78/79 Chng in constn/ Closely held cmpy 7.26 Service of notice, Authenticatn of notices 18.14
forward
79A Undisclosd incme-search, requ, survy 7.29 Miscns 285B Sumbsn of stmt-Producer of film/spcfd actvty 18.16
80 Order of set off/ Submission of ROL 7.30 provisions 285BA/BB Obligatn to furnish SFT/Reportable a/c, AIS 26 18.17
Doctrine of form & substance/Precednce/GAAR 14 11.10 287,287A,288 Publicatn of info/ Apprnce regstd valuer, AR 18.27
Tax
94(7)/(8) Dividend & Incm/Bonus strippg trnsctn 11.17 291/292B Powr to tender immunity, ROI not becom invalid 18.34
planning,
96 Impermissible avoidance agreemnt(IAA) 11.21 292BB/292C Notice deemed to be valid, Presumptn to asst,BOA 18.36
avoidnce
97 Arrangmnt to lack commercial subst 11.24 293C Authrty empower to grant approval, pwr to wtdrw 18.38
& evasion
98 Consequence of IAA 11.28 Tax audit & Ethical compliance
Taxatn of E-Com, Classfcatn based parties in trnsc 12.3
Digital E-com BM, OECD-Actionplan 1,BEPS 12.5
transactn Equalizatn levy(Summary)- Virtual digital asst 35 12.10

Fundmtls BEPS

Appln & interpretatn of Tax treaties

Overvw of Model tax conventn Double taxation relief

Latest developments in International taxation

Adv rulings (245-OB/ P/ Q/ R/ T/ U

Chap Keywords Pg
VC analysis Primarty activity, support activity 1.6 Digital techn IOT, Robotics, AI, Automation, cloud 5.3
Primary acty In, outbound, oprtn, mrkt & sales, servc 1.7 Autonomous vehicle, 3D printing, Digital twin, AR 5.7
Support acty Firm infra, tech.devlp, HR mgm, procrmt 1.9 Automation, extension, transformation 5.9
Value shop model/service value chain 1.11 Ecosystem strategy framework 5.10
Strgc.postiong Mendelow's matrix- (Power/Interest) 1.12 Hyper competitn - Characteristics, Response(D'Aveni 7S) 5.12
Traditional vs Strategic Cost Mngmt 1.18 Transformatn & Disruptn 42 (Low end & new market) 5.13
Mgmnt
Compt.advntg Differentiation, cost leadership 1.19 Advanced manufacturing technology 5.15
of cost
Assg cmpt.adv Intrnl cst/intrnl differentn/vrtical linkge 1.22 Lean startup, Agile organisation 19 5.17
stratgcly
Busn Model Osterwalder BM Canvas. 1.25 Startup vs Incumbents, stages of startup 5.21
Intro to for
Cstm seg profl Pains, gains, pain reliever & gain creator 1.29 Intrapreneurship, Innovation hub & incubators 5.24
SCM emerg
Extnl envrnmt Remte/indstry opertg envrnmt-(steeple) 1.33 Supply chain Partnership/ collaboration 5.26
Business
Ind.opertg env Industry profitability, competitive postn 1.34 Emergng BM Hyper disruptive - Free model(advertmt, cross 5.29
Model
Indsty prftbly Porter Five forces model 1.34 subsidisatn, open source, promotn), Subscrptn, Freemium, 5.30
Market segment - Criteria to satisfy 1.38 Digital platform, hypermarket, access over ownership 5.31
Basis of Product, Demographic, Psychographic, Experience, on demand model 5.33
segmentation behavioural, Geographic
1.40
9 Approaches for developing a sustainable BM 5.35
IT,IM,IS & role of mgmnt accnt as leadr 1.43 Emerging national market 5.37
Role.mgmt Ac Analysis, planning, innvation, leadership 1.52 Strategic aspects of creating ecosystem 5.40
Communcatn, busin ethics, decsn makg 1.54 CVP Anlys,BEP In service & NPO 10, CVP Anlys JIT 6.3
COQ From seller's market to buyer's market 2.3 Relevnt cost Future cost, differential cost 6.13
Cmpnt of COQ Cost Gd/poor qlty-Prvnt,apprsl,failure 2.4 Decision making model (Shut/operate) 6.17
Optimal COQ Steps of applicatn of PAF model 2.10 App of CVP Outsourcg decsn/ sell r process further 6.19
TQM - 6Cs Comitmt,cult,cnt.impr,coop,cus.foc,contr 2.12 analysis/ Cost Mnmum pricg decsn/ Keep r drop decsn 6.24
concept
Deming 14 *Point methodology, Plan-do-chck-act 2.13 Special order decsn/product mix decsn 6.27
SCM -Types Push(anticpt) & Pull(actual) 2.19 Pricing policy/ decisn -Factors influencg pricg decsn 6.33
Strtg
Modern Upstream supplier chain- Use IT, Relatn supplier 2.19 Product pricg theory & principles, prft maxmstn(MC=MR) 6.35
revenue
business Downstream SCM -Relatn markg,CRM,Use IT,Brand 2.22 Market structre Perfct cmpttn, monopoly, oligopoly 6.38
mgmnt
envrnmt Relatn Marg 6 mrkt- Intrn, Refrl, lnfl, recru, suppl, cust 2.22 Price customizatn, price senstvty-Effect 6.41
Customers account profitability- Platinum, gold, Iron, Lead 2.24 Pricing- New Skimming, penetration 6.43
Customer life time value 2.25 Existing Cost,competitn,value based & psychlogcl 6.47
SLA, Custmr Selectn, acquisitn, retentn & Extensn 2.28 Perceived value, Pricing of services 6.52
Building a resilient and sustainable SC 2.31 Pricing Emergng BM , snstvty anlysis, spcl circm 6.56
Gain sharing arrngmt 2.32 Ethical & non financial consideration 6.58
Downsizing, outsourcing & offshoring 2.34 Pricing strtgy Price adaptatn strtgy, kano's prfm attribt 6.61
Benefit/ issue *Lean mgmnt, JIT(Pull) 3.4 Growth cmpnt *Price recovery- Revenue & cost effect 7.3
Kanban card, cellular manufacturg 3.8 Prodctvty cmpt Reconciliatn of operatng profit 7.5
JIT Features, Impact, Back flushing 3.10 Direct product profitability 44 7.7
Strtg
Lean Kaizen costing Process, 5 fundamental kaizen principles 3.16 Customer product profitability 45 7.13
profit
system & 5S- Pillars TPM Sort, setinorder, shine, stndrdze, sustain 3.21 ABM Actvty basd cost mngmnt- Busn app(25) 7.17
mgmnt
innovatn Total productive maintenance, 3.28 VA/ Non VA Actvty basd budgtg, BPR, Benchmarkg(25) 7.19
Introdct TPM 4 Main stgs- Preprtn, intro, implmt, insttl 3.28 ABC - Decision making tool, Pareto analysis(34, 47) 7.32
OEE Avlblty*prfmn*qlty, difc in creatg flow 36 3.30 Sums - Manufacturg cycle efficiency, Proftiablity analysis 7.42
Six sigma DMAIC, DMADV, process innovation 44 3.38 Role of PM Busns integrtn, Value chain 8.6
Cost control, cost reduction 4.2 Primary acty In, outbound, oprtn, mrkt & sales, servc 8.8
Target costg Steps, princpls, pros&cons, impct prftblty 4.6 Support acty Firm infra, tech.devlp, HR mgm, procrmt 8.9
Cmpnts Trgt costg/value analys,engrg 4.16 VA & Non VA Essnt/not, chng/not, Linkage VC&PM 8.10
Into to
Life cycle costg Product life cycle-Charactstcs, benefits29 4.22 Mckinsey 7s Strgy, strct, sys, stff, styl, skil , shard valu 8.13
Specialist Strtg
Uses of PLC- Contrllg, planng, forecastg 4.30 perfm
Typ org.struct Entrp, lin, funct, dvsnl, matx, proj, ntwk 8.16
cost
Theory of constraints- Throughput, investmnt, opertg exp 4.32 mgmnt Influence of Strct, cultr, strgy, Complex busn strctr 8.26
mgmnt
Goldratt's five step method for improving prfmn 4.33 Corprt failure Why cmpy fail 8.33
technq
Throughput accng, Envrnmtl mgmt accntg, envrmnt cost 4.34 Qntitve model Altman Z score, beaver univarite, ZETA 8.34
Hansen/mendoza, Technqs identifctn & Alloctn env.cost 4.41 Taffler, prfmnc analysis score, H score 8.38
ABC Environment related cost/ driven cost 4.44 Qltitve model Argenti A score- Defect, mistake, syptm 8.39
Controlling envrnmt cost, EMA 4.46
 4 stage solutn For striving twrd sustainability 9.2 Utility of TP Prfm.eval,ee.engm.cmpn,res.all,tx.prf.rem 12.3
Interlinking of CSF & KPI 9.4 Methods Market/cost/negotiation based 12.5
Strtg Perfm measure Pure financial & non financial indicator 9.6 Market based Shared profit relative to cost based TP 12.6
Divisnal
perfm Non financial Balncd scorcard, Kaplan,Norton-finanl Cost based Marginal, standard, full, cost+markup 12.10
,cust,intrnl.busin,learn&grwth prspctiv 9.21 trnsf
measure goal.congruenc Min TP, Max TP 12.13
in pvt
pricng
Perfm pyramid Link strgy, operatn & performance 9.30 Different Capacity level, demand level 12.16
sector Building block Dimension, standard, rewards 9.33 Rslv TP conflct Dual rate TP & Two part TP system 12.23
Tripl bottm lin Planet, people, profit 9.35 International TP 12.24
Role of qlty in Perfm measuremnt system 9.38
Variance Traditional, operational, planning 13.4
Strtg Per Challenges Performance meansurement chllnge 10.4 Varnce analys ABC, Efficiency & expendtre variance 72 13.9
Measur in Value for mony Efficiency, economy, effectiveness 10.5 learning curve Throughput accntg, Advncd manuf env 13.10
NPO Adapted bal scorecard- Cust,finanl, Int.proces,innov&learn 10.6 Service sector, public sector 13.13
Std Std Marginal costg - contributn/market size,share variance 13.15
Preptn Aspects invlvd Types - Earnd value, forecastg, progress, 11.4 costing Reco statement Budget vs actual vs standard profit 78 13.20
perfmnc status,trend and variance 11.6 Investigatn of variance - Interdependence, interpretatn 13.24
report Ext.reprt frmwkTBL, Global reportg initiatve, ESG, Integr 11.6 CSF & overall crprt strategy(Sum) , Reporting of variance 13.30
Contemporary business environment 13.32
Mcdonaldization 13.50
Topics Subtopics Pg Topics Subtopics Pg
Supply under GST Inspection, Search, Seizure and Arrest (Section 67,68,69)
Charges (Section 9,10) Inspection Circmstnces, Confiscatn of goods 18.3
Extent & commencemnt GST law, Supply not levied to GST11 2.5 Power of officer during search, Release of confisctd goods/doc 18.5
RCM for G/S Service supplied from Non taxble territory 22 2.13 Procdr for conductng search- Basic reqmt to obsrv, Search warrant 18.6
GTA24, Rentg of Motor vehicle25, Remnr to Dir27, Classifctn/Rate G/S29 Power to arrest Cognzble/noncognzble offnce,Precautn,Guideln 18.9
Gst-Realestate33 Airprt dues, Compositn levy 40 - T/o Lmt, rate of tax 2.34 Pwr to summon Responsibility, consequences, Guideln 18.12
Who r nt elgble to opt cmpstn(Margnl Sply of Srvc, Int.incm excld)53 2.51 Access to busn premises, Ofcrs to assist propr ofcr 18.15
Intimatn of optg cmpstn levy -Valdty, withdrwl 2.56 Demands and Recovery (Section 73-84)
Place of supply -POS (Section 10, 11,12,13) Non/short pymt- Time lmt-issue SCN, pymt of tax, Adj.ord 5,11
OIDAR Place of suply of Gds in India (onboard convey)17 3.9 Genrl prov to determinatn of tax, Tax collectd but not depositd 30 19.18
POS Imp/Exp of gds India 3.18 Tax wrongly collctd & paid, Recovery proceedg 19.32
Servic in India (Im.prpty30,Traing34,org evnt,Trsprt of gds/ psngr38) 3.26 Modes of Recovry- Money owed, sale of gds under cntrl of P.O 19.34
Telecommuncatn srvc, leased circuit44, Fincl/Insur46 , Advertisemt 3.42 Garnishee procdg[3rd prsn] , sale of M/IM proprty 19.35
Servic o/s India Default provs, Prfmnc based srvc64,Im.prpty68 3.62 Arrears of land revenue, fine/decree/surety/liqud. 19.39
OIDAR, Notified service, Interstate supply86 3.74 Pymt of tax/othr amnt in instalments, Trsnf of prprty to be void 19.42
Supply in territorial waters 3.95 1st chrg on prpty , Provsnl attachment to protect revenue 19.44
Exemptions from GST (Section 11) Continuatn & validatn of certain recovry proceedgs 19.47
Pwr to grant exemptn, Srvc relatd to charitable & relgious actvty8 4.4 Liability to pay tax in Certain cases
Charitable act Mngmt of eductnl instut,Relgious yatra,yoga,medtn 4.10 Trsf of Busn , Amalgamatn/Merger of cmpy, cmpy in Liquidatn 20.3
Art,culture,sprt Renting precincts; Agricultrl reltd 17 ,Educationl22 4.13 DIR of Pvt cmpy, Pvt cmpy to public cmpy, Partners of firm 20.7
Health care Srvc prvd by Govt 43 to govt 84 / Constructn srvc54 4.37 Guardians/trustees, Court of wards, *Death of person, 20.9
Passgr trnsptn Goods trnsptn62, Bankng & Fincl70, Spcfd bodies80 4.56 Partitn of Huf/aop, dissolutn of Firm, terminatn guardship/trust 20.11
Genrl Insrn Pension scheme/Busn facilitator,correspondent 4.80 Offences & penalties & Ethical aspects
Legal Srvc Sponsorship of sports event & Skill devlpmt srvc92 4.89 122(1)-Taxble Invoice/tax evasn/ITC/Refund/Rec,doc,BOA/ 21.10
Artist prfmn Right to admsn to various evnts, Unicorptd/NPO 4.94 Registratn/Transportatn & Storage/Other offences 21.13
Trnsf of Going Concrn, Transit cargo, rentg of residential dwellg 4.102 1A- Any persn Retains benefit(Sply , ITC, Irregular distrb ISD) 21.14
Satelliate launch, STU, Toll charges, Electricity, Incubatee, News 4.104 1B-ECO Permit sply by unreg.prsn, fails to frnsh crct details 21.15
Public liabrary, exhibitn, tour operatr, fruits/veg , Cold chain devlpt 4.107 2-Regstd persn Tax not/short paid/erroneous refund , ITC 21.15
Frgn diplomatc missn, RTI, recognisd sports body,pblic convniences 4.108 3- Any persn Aids/abets, acqrs posses/cncrn hmslf etc… 21.16
Fine for failure to furnish statistics, Genrl penalty, Grl discp(Minor 21.17
Time of supply breach)/ Detentn,seizure,release of gds/convyn in transit21(Not to 21.19
Value of supply initiate) Confiscatn of goods/conveyance & levy of penalty 21.18
ITC Punishment for certain offences 21.33
Registration Liability of officers & certain other persons 21.39
Tax invoice, credit note & Debit note (Section 31, 34) Presumption of culpable mental state, Compounding of offences 21.40
Contin. Suply Tax Invce , time limit for issuance Invce 9.3
Service cease bfr cmpletn, sale/return basis, Partclr tax inv 9.10 Appeals and Revision
No.of HSN14 Invce export G/S, E-Invoice18,Dynamc QR28 9.15 Advance Ruling
Upload E-inv33 Revised tax.inv, No tax.inv/Bill of Supply 9.43 Miscellaneous Provision
Invoice-cum-BOS, Recpt/Refnd/Buildr,promoter/Pymnt voucher 9.48 Levy & Exemptns from customs duty (Sec 12,21,15,13,23,24,25A/B)
Delivry challan Supplier Prmtd to issue any doc o/t Tax.inv 9.52 List I,II,III Union/state/concurrent, Point & Circumst of levy 1.4
ISD 58 Cr/Dr notes 60, Prohb unauthrsd collectn tax 9.68 Clearance for - Home consmptn/warehousg, *Reimprtn of Gds - 1.11
Accounts and Records, Eway Bill (Section 35) Exported under duty drawbk/for repairs , Exmpt repairs/ recondtion 1.15
Accnts/Record Manufactr, Agents, wrks contrct, Custdian, WH10 10.5 reprocess, remakg *Goods derelict & wreck, 1.17
How maintnd? Period of retentn, EWB15-when, BTST, who22 10.13 *Imprt goods @ concessional rate of duty/specfd end use 1.19
Conslidtd EWB, cancelatn/extntn/accptnce/valdty period, 10.25 Imported goods for JW/unit transfer/end use recipient 1.23
Not reqd to genrte,To carry in-person33, Verify doc/convynce 10.31 Re-export/clearance of unutilisd/defective gds, Recovery of duty 1.25
Info regrd dententn of vehicle, Blockg EWB generatn facility 10.36 Date for detrmg rate of duty & tariff valuatn, duty on pilfered gds 1.29
Payment of Tax (Section 49, 50, 51 Rule 86, 86A, 87, 88B) Remissn of duty Gds lost, destroyd, abandond 1.33
ECL - Mndatry online challan, major/minor head,Trnsf of amt 11.21 Abatemt of duty Damagd, deterioratd gds, Denaturing/mutilatn 39 1.36
EcrL-Rule 86B (99%), ELL 33- Order of discharge, Debits 11.28 Exemption from customs duty- General/spcl, Rationale 1.40
Int on delayd pymt of Tax 36 , TDS - Who, Limit, No TDS 2 % 11.42 Used for inward/outward processing 1.43
E- Commerce transaction (Section 52, 9(5) ) Types of Duty (Section 3,6,7,8,8A,8B,9,9A
E-com, ECO, E-com models, Taxablty of E-com trsc11,/exceptns 1 % 12.8 Stdrd ROD, prefrntl ROD, gst cmpnstn cess 2.3
Notified servc TCS 18 -Who,Wt rate/value, mntly/anl statm 12.13 Manner of computg asesble value-IGST/WHd goods 2.5
Service suppld by restaurant thr ECO 12.26 Addtl duty of customs, Countervailing duty, specl addtnl duty 2.8
Regstratn reqmt ECO, supplier G/S 12.32 Protectve dty Emergncy pwr to impose/enhnce exprt/imprt duty 2.10
Returns (Section 37, 38, 39 ,40,44,48 Rule 59,60,,62,63,64,65,66,80,83) Power of CG To apply safeguard measures, *Counterveilg Duty 2.12
O/w supplies, Invoice furninshg facility, Debarred from furnishg 12 13.9 on subsidzd articles, Antidumpg dty 20, Appeal 29 2.16
Content, Invoice wise-consoldtd details, Amendmt(Max time) 13.14 SWS on Imp.gd Agricltr infrastrctre & develpmnt cess on Imp items 2.30
Nil GST 1(67 A) I/w supplies/ITC ,2A/2B , Returns- 3B 27-33 13.20 Classification of Imported & Exported Goods
* 4, CMP-08 35 GSTR 5- NRTP, 6- ISD, 7- TDS 43, 8- TCS 13.40 Valuation under the customs act, 1962 (Sec 14,15,16)
Due date for pymnt of tax, Fixed sum/self assemnt method 13.44 Commercial parlence, Technical terms (Ex-fctry, FAS,FOB,CIF) 4.3
First return GSTR 9/9A/9B -Annual Rtn/stmt, 10-Finl rtrn 13.50 Documt invlvd in stages of imprts, Trnsactn value- rules exceptn 11 4.8
11- I/w of prsn having UIN, 5A- OIDAR serv 13.53 Conversn date Rate of exchnge, Relatd persons 16, Idntical goods18 4.12
Default/Delay GST Practitioners, information return 13.54 Deductive value, computed value, residual method, Cost & service 4.20
Import & Export under GST Rejectn of Declard value, ICD & CFS, AFS44 4.26
Import of Gds 8 Point when IGST levied,Taxable value 14.12 Detrmntn of exprt value by comparisn, cmptd value, residual metd 4.49
Bonded WH, highsea sales, Third cntry shipmt, EOU, Baggage 14.13 Imp/Exp goods Date for detrmg rate of duty & tariff valuatn 4.54
Imprt service 17 Prsn liable to pay, OIDAR ,Regstrn for Imprt 31 14.24 Spcl provsn for classificatn of set of article & acessry 4.74
Exprt 32/ZRS 36 Exempt vs ZRS, Physcl/Deemed/Merchnt exprt 14.38 Importation & Exportation of Goods
Exprt service 44 Sub-contrctg of servc, RBA trnsc not Exprt 48 14.45 Arrival of vessels & aircrafts in India-Call/ land & Exceptions 5.9
Subsdy, grp concrn-Expt , SEZ unit/developr, Expt undr bond/LUT 14.50 Delivery of arrival manifest/import manifest/import report (IGM) 5.10
Realization of export proceeds, Export to Nepal & Bhutan 14.56 Entry Inward Restrictn on goods being watr borne13,other control 5.12
Refunds (Section 54,55,56,57,58 Rule 89,92,96,96A,96B) Restrictn on custody & removal of imprtd goods, Custodian 5.15
Situatns leading to refnd claim, Applicatn, Time limit/relevt date11 15.5 Filing of imprt Bill of Entry, Assmnt of gds(speaking ordr-reassmnt) 5.17
Filg rfnd claim Deemed expt, SEZ, CTP/NRTP, Doc evdnce14 15.8 Provisnal assmnt of duty, Finaliztn of provsnl 23 ,Customs audit27 5.20
Declartn, Certifc, No Declartn/Certifc 15.19 Types of audit Transactn based audit & Premise based audit 5.28
No certf of CA - Manner of filg refnd applicatn by unregtd person 15.20 Clearance of Gds (Deferred pymnt of Import duty) 5.29
Proced on recpt of refnd claim - Deficiency memo, Provisl refund 24 15.22 Time limit for paymt of imprt duty, Due date for deferred paymt 5.30
Order of Refnd Basd on origl MOP,time lmt issuig rfnd ordr 15.25 Faceless assessment, Paymt thrg ECL & E.duty.Crl 5.31
Issue of SCN, Rejectn/WthHd of rfnd claim, Unjust enrichmt 31 15.28 Procedr for disposal of goods not cleared, Storg of imp gds in WH 5.35
Refnd of unutilizd ITC -Cases, Amnt to be claimd as refd 35 15.33 Export goods not to be loaded, 5.37
Restrct to 2A 43 Cases- Rfnd ITC nt allwd(Exprt duty/drawbk) 15.45 Delivery of departure manifest/export manifest/export reprt (EGM) 5.39
Rfnd with paymnt of tax & under LUT/ Bond 15.46 Passenger & crew departr manifest/passngr name recrd infor 5.40
Recov of Rfnd Exprt procds not realizd 15.52 Procedr for clearance of exprt goods, Notice of short exprt of goods 5.41
Rfnd of tax wrngly collctd & paid, Rfnd to UN bodies/Embssy 15.53 Procedure for postal articles, Special provsn to Stores 5.43
Int dely rfnd-9%, CWF 59 , Rfnd to tourist leavig India 15.57 Special provsn to clearance of Baggage(Passngr baggage rules) 5.47
Job work (Section 143,19 Rule 45) Temporary detentn Baggage, Transit & Transhipmt of imprt cargo 5.59
Job work procd Gds not recd within stipultd time 9, 16.5 Warehousing( Sec 57,58,58A,58B,59-66,70-72
ITC on I/P & CG sent for job work, Time limit for rtrn/supply 16.13 Into-bond/Ex-bond BOE, Types of WH 6 , cancellation of license 6.4
Spcl procedr for Sending gds for JW(delivery challn, Subm of intmtn) 16.15 WHing Bond Period for which gds in WH, Int on WH gds 6.7
Rgstrtn reqrmt Principal & JW(Same state, different state) 16.18 Owner's right Manufctr & otr opertn ,Removal of gds 6.12
Assessment and audit (Section 59,60,61,62,63 Rule ) Allowance IRO volatile goods (Remissn of duty IRO loss in WH) 6.18
Provsnl assmnt Final vs Provsnl assmnt 6 ,Release of security 17.3 Impropr remvl Custody & removal of WH goods 6.19
Scrutiny of Rtrn Best judgmnt assmnt, Time limit for Assmt.ord 17.7
Unifrmty in implemntatn of prov of law IRT non-filers of rtns 17.10
Assmnt of unregst person- Best judgmnt asmnt, Summary assmnt12 17.11
Audit by tax authority - Commencemnt, time limit, how, finalisatn 17.13 Refund
Special audit When, From whom, time limit, who bear, How 17.16 Foreign Trade policy
Topics Subtopics Pg Topics Subtopics Pg
Overview of Audit of PSU Specialised areas (SA 800, 805, 810)
Role of C&AG 8 Orgnstn subj to audit of C&AG/ PAC, EC, COPU 7 15.5 800 FS preprd IAW SPF - Considrtn wn accptg engmt, plan & prfm 8.5
Fiscal & managerial accountblty, Elements/Principles of PSU Audit 15.10 Descriptn of AFRF (Purpose, users, choice of FRF) 8.7
Attestatn, direct reportg engagmnt/ Financial, compliance Audit 13 15.12 805 Single FS/ spcfc elements - Practicable? Audit effort reqd 8.9
Performance EEE- Planning 21, comprehensive adt26(Effc-prfm adt) 15.16 Acceptblty of FRF, Form of opinion (Unmodfd,adv/disclaim) 14 8.10
Propriety audit Conform to general principles, functions of Auditor 15.28 810 Summary FS - Same auditor of FS, accptblty of applied criteria 8.16
Audit report of C& AG 15.31 Managemnt Acknowledge & understand respnsblty 8.18
Internal audit Auditor Nature of proced to be perfmd, form of opinion, AR 8.19
Objective & Scope of IA, applicablity provs, critical actvty of IA func 16.4 Modifct of opinion ,EOMP/OMP in AR of Aud.FS 8.22
Responsibility of Int.Audtr, Apprpt consideratn & adeq balance 8 16.7 Unaudtd supplmtry info, other info, Audtr assoc, subseq evnt 8.24
Scope of IA wrk- Review of GOAR IC SIR (Orgnstn strct, utilz of res) 16.8 Related service (SRS 4400, 4410)
Integrity, objectivity & Independence of IA/ Qualities of Intrnl audtr 16.13 4400 AUP regrd Financl info- Audit/AUP, ethical princple of Adtr 9.5
Performing IA Engagemnt-5 Steps, IA report( 2 stages, 5 key elemt) 16.15 Matters to be agreed(Terms), Procedurs applied, Reportg 9.7
Form & content of IA Report, Docmntn, Follow up 16.19 4410 Compilation engagemt -Required purposes, scope of enggmnt 9.10
Rltnshp bw IA & EA, which areas,wt extent to provide dir.assistnce 16.22 Ethical reqmnt11 ,Engmnt accptnce & continuance 9.12
Ext auditor inclde in Adt.doc DA, IA as mngmt function, Adt trial 26 16.25 Mgmt responsibility, Practitner performg enggmnt 9.12
Due diligence, investigation & Foresic audit Commu Mgmt/TCWG, Practitner report, QC & Docmntn9.14

Imprtnc of DD Classificatn, objectives for indvdl areas of verifictn 17.4 Review of financial information (SRE 2400, 2410)
Mattrs incld in full-fledgd financl DD- Hidden liablt, over-valud asst 10 17.7 Review & SQC 3 , 2400 Review Histrcl FS - Not same auditor of FS 10.4
How to conduct DD, Contents of DD reprt/Audit vs Investigatn 16 17.14 Objectives, Acceptnce & contince of client relatnshp 10.5
Stps in invstigatn, Investigator reprt-imp issues 21 17.18 Precondtn for accptg revw engmnt, aftr accptg not satifsy condt 10.6
Spcl issue in investgatn -Verificatn, reliance, assistance of expert Overview of perfmg review engmnt, Inquiry & Anltycl procdre10 10.8
17.22
Out of disputes & conflictg claim,basis of opinion, retain wrkg paper Procdre to address spcfc circum(RP, Fraud,NCLOR,GC,Otr wrk) 10.12
Spcl aspects in bus invstgtn - Study econmic & financl positn,TR 29 17.24 Addtnl procdre, mgmt written reprsntatn 15, Practitnr conclsn 18 10.14
Factors to assess T/O, WC *Types of Investigatn 32 17.31 Practitnr report, EOMP/OMP, Documntatn(NTE procd prfmd) 10.23
Incomg prtnr,valuatn of shares in pvt cmpy35 on behalf of Bank/FI37 17.33 Audt vs Review 2410 Interim FI -Undrstndg entity,envrnmt & IC 10.27
Fraud- FFR, MOA, Corrptn/Money may be embezzld 49 ,Indicatrs 53 17.41 Auditor prftm folw procedr, GC 34 ,mgmt written Reprsntatn 35 10.31
Respnses to fraud, ability to detect/on behalf of Indvd, firm to buy 17.55 Adtor's respndblty for accmpng info, communicatn, Reportg 10.36
Review of prft/financial forecst, Fornsic accountg, cmp vs Stat.adt 60 17.57 Departure from AFRF, limitatn on scope, GC & signfcnt uncrtnty 10.39

Fornsic accntt profsnl, Process of forensic accntg, FAIS 66 17.63 Prospective financl info & otr assurance srvc (SAE 3400/ 02/ 20)
Key elements of report, Code of ethics 70 , FAIS provide profsl,users 17.67 3400 Prospctve FI (no opinion)- Forecast & Projctn, Mgmt respnsblty 11.5

SGD & ESG Duty of membr examning, Precautions to be taken by Audtr 11.7
Sustainable develpmt(ESG), Sustainable developmt goals, 18.4 NTE of examng procedure, Presentatn & Disclsure, Report 11.9
Global trnd in SR: GRI, CDP, IIRC, ISSB, TCFD, CDSB, VRF, IASB 18.7 3402 Contrl @ Srvc orgnstn - Objectv of Srvc audtr, Type 1 & 2 Reprt 11.13
Integratd reprtg Global scenario, Evolutn of ESG in India(CSR,BRR 18.9 Audt procedres, Reportg(Addtl mattr in Type 2), Documntatn 21 11.16
NGRBC, BRSR ), Initiatives by ICAI(SRSB), BRSR(Essntl, leadrship) 18.15 3420 Compilatn of proforma FI in prospectus -Steps involved 11.22
Nine principles of BRSR, Methodology to provd assurance on BRSR 18.18 Practitnr responsibility -Engagmt accptnce, unadj FI & Adjstmt 11.23
Social audit standard 18.26 WR, Opinion, EOMP, Assurance report 11.27
Professional ethics Digital auditing & assurance
Overview of Code of ethics, Fndmentl principles(IOPCP) 6, Threats12 19.5 Digital audit Features, advntg, Challenges & area of focus 12.4
NOCLAR -Applicablty, Rspndg NOCLAR 19.17 Audtg digitally Expectatn/experts, features/advntg, Imp considrtn 12.7
Inst. membrshp Disability, type, removal, restoratn, penalty 19.21 Undrstd IT envmt- Key areas Audtr to undrstd, Identfy IT risk12 12.10
Signifcn of COP - Tax representatn, cancellatn & restoratn of COP 19.24 5 Types of IT dependancies, Genrl IT cntrl & objective 12.14
Deemd to be in practc, Mgmt consultncy & othr servc, 144 service 31 19.27 Cyber risk Malware, trojan, DOS, phishg, spoofg, Idnty basd atck 12.16
Member in practs prohb from using othr designatn, branch office35 19.33 Insider threat, DNS tunnelg, IOT based attack 12.18
Hill areas, 2 ofc KYC norms, flow chart of discplne procd mechnsm 40 19.35 Stages - Assessg, impact, manage/Cyber secrty framework 12.18
Reg 53A- Professnl bdy, share of prft,Gw 46 / Reg 53B- Partnersp 48 19.44 Control -Vndr setup/modfctn, Electrnc trnsf fund, patch mgmt 12.24
Forms of solicitg work which council prohibtd, Sectn 139,140 69 19.50 Remote audit Consideratn, Adv & disadv *Emerging techg audit 12.25
Genrl/specific permissn, BOA/ tax audit assgnmt112 19.79 CAAT ACL, Alteryx, Power BI, caseware 12.28
Non-pymnt of undisputd fees, no.of audit asgnmt, 19.115 Automatd tool IOT, AI, Block chain, NFT 34 , RPA 36 12.31
Appointmt of Stat.Audtr, Auditor when indebted, Network 121 19.117 Control consideratn/objective of audting digitally 12.44
Website of CA firms, Branch/joint audit, Fees-relative size 138 19.132 Technolg Risk Steps for auditors in chnging Technology envirnmnt 12.45
Schedule to act 19.150 Nxt genrtn Audt - AR, VR, Drone technology, applctn of metaverse 12.46
 Quality control Group audits
SQC 1- Audits, Review of HFI, other assurnce, Relatd srvc engmnt 1.3 Responsblty of Parent, Auditor 8 / determintn of materiality CFS 11 13.7
Elements of sys of QC , Integrity of client 7 ,Firm capability 8 1.4 Auditor sd make plan, Completeness of informatn 13.13
Withdrwl frm engagemt, Engagmnt QC Review of listed entity11, 17 1.9 Reasons for exclsn of S/A/JC 13 & AS, Ind AS & Permnt,tmpry adjst 13.14
Monitorg of QC engagmnt, Leadershp respnsblty for qlty of audit 15 1.13 Tmpry adjst Memorandum records, Separt FS notes not in CFS 22 13.18
SQC 1 vs SA 220, Peer review board, Quality review board, NFRA 1.19 Mgmt WR , Reportg - Same/Dif audtr/accntg,audt frmw/Not audtd 13.24

General audit principles & auditors responsibility Special features of audit of bank & NBFC
240- Fraud FFR & MOA, Primary responsblty to prevnt/detect 2.5 Special audit consideration, Form & content, Appointmt of Auditor8 14.5
Responsblty of Audtr, FRF (Incntv/prssure, opporty,attitudes/ratn) 2.8 Conduct audit Initial consdrtn, undrstndg, risk assmnt, exect, reprt 14.9
Response to assd RMM due to fraud @FS/assrtn lvl 2.15 Spcl considrtn in IT environmt, Security cntrl aspcts 14.13
Auditor unable to continue engagemnt, Mngmt representatn 2.18 RBIA & Inspctn IC - General 16, clearing, bills for collectn 17 L&A 18 14.15
250- L&R in audit of FS - Audtr respnsblty23 ,Rprtg of non-cmplnce27 2.21 Bills purch, DD, Intr branch A/c , Credit card opertn, CRR/SLR 20 14.18
260-Comm TCWG - Significnt findg frm adt31, Case of Listed cmpy34 2.29 Computn DTL/Cash,bank,call & short notice 23 , Investmt 25 , Adv28 14.21
SA 299 Joint audit - Develp joint adt plan, Joint & several responsb 2.36 Asset classfctn, incme recog, provs -Drawg pwer, tmpry defcncy 14.31
SA 402 Entity using srvc or g -Relevant to FR if srvc afftect..Type 1/2 2.41 limits nt reviewd, govt guarnte, agri/restructd adv, upgrdatn,NPA 14.34
Understandg srvc providd by srvc orgn incl IC, Using type 1/2 45 2.43 FA, Other assets-Int, tax, Statnry, claims 40 , Others- Stf adv, Sec.Dep, 14.37

Test of controls, Audit evidence that cntrls are oprtng effectvly 2.46 Prepaid exp Captl , Basel III (captl adequacy measure) 45, R&S 46 14.42
Audit planning, strategy & Execution Deposits, borrowings 50 ,Other liability & provsn 14.47
200 - Overall objective- Planning, Respnsbl of auditor, 3.3 Contingnt liablty - Reprsntatn frm mgmt / Audtrs reprt,CARO 57 14.52
Acceptance & continuance client relationship, Contents of Aud plan 3.5 LFAR, Reports & certificates, Concurrent audit 61 - Scope, coverage 14.59
Changes to planning decision, Audit strategy -Consideration 3.7 Types of actvty, appointmt of Adtr, Reportg system 66, Adt commite67 14.63

Documenting - Significant changes, Audit progrmme(Alter,modify)15 3.11 NBFC Registratn & regulatn, Types of NBFC, Exempted 85 14.83
Audit execution, 600- Work of anothr auditor (Princp auditor procd) 3.16 Scale basd regultn-base,middle,upper,top/NBFC carryg spcfc actvty 14.86
Coordination between auditors, Division of responsibility 3.22 Bank vs NBFC Capital reqd (Tier I, II), RWA % , asset classificatn 90 14.87
610 - Work of Internal auditor External auditor responsibility 3.24 Provsn reqmt Audit procedure - Accptnce of public deposit 96 14.93
Internal audit function - Nature & extent, Direct assistance 3.25 Credit rating, int calculatn, NBFC prudential norms 98 14.97
620- Auditors expert -Expertise in field, need for expert, considertn 3.32 Classifictn of fraud by NBFC, Audit check list , Auditor duty103 14.99
540- Accounting estimate - Estimation uncertainity, lower RMM 3.42 Submit addtl report to BOD - All NBFC, acpt/not acpt public depsit 14.104
Mgmt bias Ac estmt- Recognition & measurement criteria 3.45 Obligation to submit an exception report to RBI , CARO , Ind AS 14.108
520 - Analytical procedure 3.53 Division II & III difference 14.115
Materiality, Risk assessment & Internal control Reporting
Audit risk = Inherent risk, control risk, detection risk/ Assertion 4.5 700 Forming opinion & Report, Basic elements of Auditor report 7.4
Steps for risk identification , Possible potential Misstatement 4.10 Auditors opinion, basis for opinion, GC & material uncertainty 7.8
Risk based audit approach, General steps in RBA 4.12 Key audit matters, Mgmt responsibility, Auditors responsibility 7.11
Risk assessment , risk response, reporting, Internal control 18 4.14 Other reporting responsibility, Date of auditors report 7.16
Basic accntg control objective, Limitation IC, Structure of IC (SOD) 4.21 AR conducted IAW both SA by ICAI & International SA 7.20
Adequacy of records & documents, 5 Components of IC- Control env 4.23 Supplementary information presented with FS 7.20
, Entity risk assmnt process, control actv, IS & comm, Monitorg 4.24 701 Key audit matters - Subsitute, Applicabilitiy 7.21
Internal check system / Manual element in IC 34 , Review of IC 4.30 705 - Modification, Pervasive 30 , Mgmt imposed limitation 7.25
Standard operatg procedure, Tecq of evaluatn of IC- Questionnaire 4.36 706 - EOMP/OMP , Difference bw EOMP & KAM 44 7.39
Check list, Flow chart / Reporting to clients of IC weakness 48 4.39 Distinctin bw Notes on accounts & Qualificatn/ AR & certificate 7.46
Deficiency of IC 330- Auditors response to assessed risk 4.50 Significant finding from Audit, 710 - Comparative information 7.49
Framework of IC - COSO, COCO, COBIT, Turnbull report, SOX 4.53 Corresponding figures, compartive FS 7.50
Audit evidence ( 500,501,505,510,530,550) 720- Auditors responsibility to other information /Duty of Auditor 58 7.52

AE/ Inventory,litigatn & claims, Segment informatn/ Extrnl confrm 5.4 Internal financial cntrl, other matter , Audit trial, Report on fraud 62 7.60
Initial audit engagement(op.bal), Audit sampling, Related party CARO 7.66
Completion and review(560,570,580)
Subsequent event, going concern, written representation 6.4