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Module C & D Syllabus
Module C & D Syllabus
INTERMEDIATE EXAMINATION
MODULE C
OBJECTIVE
The course is built on the basic accounting techniques covered in Paper B 4 and is designed to
develop and broaden the knowledge and understanding of more financial accounting concepts.
INDICATIVE GRID:
Note: The weightages given above are for guidance purposes only and some deviations in setting of papers
could be expected
CONTENTS
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Intermediate Examinations Financial Accounting
Note (s):
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Intermediate Examinations Taxation
MODULE C
OBJECTIVE:
The aim of this paper is to develop basic knowledge and understanding in the core areas of
Income Tax and its chargeability as envisaged in the Income Tax Ordinance 2001 and the
Income Tax Rules 2002 (relevant to the syllabus), Sales Tax Act 1990 and the Sales Tax
Rules (relevant to the syllabus).
INDICATIVE GRID
SYLLABUS CONTENTS WEIGHTAGE
1. INCOME TAX
a. Basic concepts of taxation 15
b. Heads of income, Computation of income,
40
Determination of tax liability
c. Types of persons and their taxation 10
d. Procedures and Administration
10
e. Income Tax Rules 2002
2. SALES TAX 25
TOTAL 100
Note: a. Finance Act / Ordinance, Notifications and circulars issued within a period of less than 4
months from the date of examination shall not be tested
b. Chapters, Parts and Divisions not mentioned here specifically are excluded from the syllabus.
However, it is clarified to eliminate any ambiguity that if only a chapter is mentioned it includes
all parts and if only a part is mentioned it includes all divisions.
c. The weightages given above are for guidance purposes only and some deviations in setting of
papers could be expected.
d. Students are not expected to remember the tax rates. Same if applicable shall be given in the
question paper.
CONTENTS:
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Intermediate Examinations Taxation
The rules related to the above chapters of the Income Tax Ordinance 2001
shall also be examined
vi. The following rules (excluding annexure and forms) of the Sales Tax Rules
– 2005 related to the relevant chapters of the Sales Tax Act may be
examined. Rules other than the following shall not be examined at this
stage:
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Intermediate Examinations Taxation
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Intermediate Examinations Business Communication and Behavioural Studies
MODULE C
The course aims to introduce students to the key concepts of business communication and their
application. The course also intends to incorporate an understanding of the concepts of
organizational behaviour to develop problem solving skills, negotiation skills and leadership
qualities in the students.
INDICATIVE GRID
3. Organizational Behavior 35
TOTAL 100
Note: The weightages given above are for guidance purposes only and some deviations in setting of papers
could be expected
CONTENTS:
a. Introduction
i. Universals of IPC
ii. Axioms of IPC
iii. Types of IPC
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Intermediate Examinations Business Communication and Behavioural Studies
a. Business Messages
b. Meetings
i. Short report
ii. Long report
iii. Proposals
a. Introduction
b. Organizational processes
c. Individual Behaviour
i. Perception
ii. Attitude
iii. Job Satisfaction
iv. Job Stress
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Intermediate Examinations Business Communication and Behavioural Studies
d. Motivation
i. Types of Motivation
ii. Theories of Motivation
iii. Applications – Job Design
iv. Goal setting and Management by Objectives (MBO)
v. Management by Exception (MBE)
e. Leadership
i. Type of Leadership
ii. Theories of Leadership
iii. Applications – Roles, Activities, Skills of Leaders
iv. Group Dynamics and teamwork (types of groups, group formation,
group structure, individual in groups, team work)
i. Levels of Conflict
ii. Conflict Resolution
iii. Negotiation & Stages of Negotiation
iv. Peculiar Negotiation Situations
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Intermediate Examinations Company Law
MODULE D
PAPER D 9: COMPANY LAW (100 marks)
OBJECTIVE:
This course is to provide candidates with knowledge of the Companies Ordinance, 1984
and to develop amongst them an understanding of their application to corporate and other
business environment, excluding advanced topics such as provisions relating to arbitration,
arrangements and reconstruction, prevention of oppression and mismanagement, winding
up etc. that are covered at the Final Examination stage.
INDICATIVE GRID
TOTAL 100
Note: The weightages given above are for guidance purposes only and some deviations in setting of papers
could be expected
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Intermediate Examinations Company Law
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Intermediate Examinations Cost Accounting
MODULE D
PAPER D 10: COST ACCOUNTING (100 marks)
OBJECTIVE
The course is designed to equip candidates with fundamentals of accounting for material,
labour and manufacturing expenses; an understanding of the importance of the role of cost
accounting in planning and controlling the wide range of organizational and manufacturing
cost. The students are expected to acquaint themselves with a comprehensive knowledge of
established practices of cost accumulation methods and learn the application of this
knowledge to basic planning, control and decision making. The course also covers job
order, process costing and standard costing systems.
INDICATIVE GRID
Note: The weightages given above are for guidance purposes only and some deviations in setting of papers
could be expected
CONTENTS:
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Intermediate Examinations Cost Accounting
a. Material
b. Labour
3. COSTING SYSTEMS
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Intermediate Examinations Cost Accounting
a. Principles of Budgeting
b. Cash Budgets
c. Revenue Budgets
d. Flexible Budgets
e. Projected Income statement and Balance Sheet
f. Standard Costing concepts
6. DECISION MAKING
a. Opportunity Cost
b. Relevant Cost
c. Make or buy decisions
d. Pricing for special orders
e. Further processing decisions
f. Utilization of spare capacity
g. Decision with limiting factors (excluding linear programming)
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Intermediate Examinations Auditing
MODULE D
OBJECTIVE
The purpose of the syllabus is to give students theoretical and to a limited extent, technical
knowledge and skills of auditing and review of historical financial information. It will
provide a foundation for acquiring intensive knowledge required for professional
competence.
The syllabus will ensure that candidates are able to understand the nature of auditing and
review services and are familiar with the intellectual and procedural bases for performing
them.
INDICATIVE GRID
2. Performance of audit 35
4. Specific areas 20
TOTAL 100
Note: The weightages given above are for guidance purposes only and some deviations in setting
of papers could be expected.
CONTENTS:
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Intermediate Examinations Auditing
2. Performance of audit
• Planning an audit
• Assessment of audit risk
• Audit materiality
• Audit evidence
• Audit sampling
• Substantive procedures
• Test of controls
• Analytical procedures
• Documentation
4. Specific areas
• External confirmation
• Subsequent events
• Management representation
• Consideration of related parties
• Using the work of another auditor, internal auditor and expert
• Review of interim financial statements by the independent auditor
Candidates are expected to respond examination questions with reference to international
and local pronouncements issued by any relevant standard setting body. The standards
related to syllabus outline are prescribed as under:
ISA-200 ISA-210 ISA-220 ISA-230 ISA-240 ISA-300
ISA-315 ISA-320 ISA-500 ISA-505 ISA-520 ISA-530
ISA-550 ISA-560 ISA-580 ISA-600 ISA-610 ISA-620
ISA-700 ISA-701 ISRE-2410
Institute of Chartered Accountants of Pakistan has a practice to publish periodically the
bound volumes of updated auditing pronouncements. All pronouncements related to the
areas covered in the syllabus and published in such bound volumes are deemed applicable
for examination purposes (irrespective of their date of applicability date in practice) unless
ICAP specifically notifies that the same will not be adopted. However, pronouncements
and revisions published by ICAP within less than six months from the date of examination
shall not be tested.
Note: Reference to ISAs shall be deemed to have been changed whenever the same is
replaced by another standard.
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Intermediate Examinations Information Technology
MODULE D
OBJECTIVES
The objective of this syllabus is to provide the students with adequate knowledge of the
following areas and their applications with particular reference to business and finance:
INDICATIVE GRID
Note: The weightages given above are for guidance purposes only and some deviations in setting
of papers could be expected.
CONTENTS
1.2 Networking
Networking components
Network configuration and design
Types of networks
Use of communication devices
Transmission medium
Network administration and controls
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Intermediate Examinations Information Technology
2. Information Systems:
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Intermediate Examinations Information Technology
3.8 E-Commerce
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Intermediate Examinations Information Technology
Website hosting
Downloading software from web
Use of search engines
4. Introduction to System Development and Control Activities
4.1 Systems Development Life Cycle (SDLC)
Feasibility study based on investigation and analysis of existing
systems
Structured systems analysis, planning, designing and implementation
Evaluation and control of Information Systems and needs
Documentation
Post implementation review
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Intermediate Examinations Information Technology
5. Practical experience
Following software programme (latest version) shall be examined in the practical
tests:
Description Weightage
Windows and Internet 5
Microsoft Excel 10
Microsoft Word 7
Microsoft Power Point 5
Microsoft Access 5
Microsoft Project 4
Microsoft Outlook / Outlook Express 4
TOTAL 40
NOTE:
Computer practical work of not less than 120 hours is required in order to ensure
that students become well equipped to appear in the practical examination
successfully. Allocation of 120 hours should be as follows:
Minimum allocated
Description
hours
Windows and Internet 15
Microsoft Excel 30
Microsoft Word 21
Microsoft Power Point 15
Microsoft Access 15
Microsoft Project 12
Microsoft Outlook / Outlook Express 12
TOTAL 120
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