PG Diploma in Public Accounting onwards SDE

Transcription

1 Page 1 of 6 BHARATHIAR UNIVERSITY, COIMBATORE SCHOOL OF DISTANCE EDUCATION POST GRADUATE DIPLOMA IN PUBLIC ACCOUNTING (For the SDE students admitted from the academic year onwards) SCHEME OF EXAMINATIONS Year Subject and Paper University Examination Duration Marks in Hrs. 1 Paper 1 Advanced Financial Accounting & Reporting Paper 2 General Auditing Paper 3 Federal Taxation Paper 4 Cost and Management Accounting Paper 5 Accounting Research, Ethics and Communications Total 500

2 Page 2 of 6 PAPER 1 Advanced Financial Accounting & Reporting Conceptual Framework, Standards, Standard Setting, and Presentation of Financial Statements - SEC, FASB, IASB, GASB -Conceptual Framework - Financial Reporting, Presentation and Disclosures in General-Purpose Financial Statements Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures - Cash and Cash Equivalents - Receivables - Inventory - Investments - Property, Plant, and Equipment - Intangible Assets - Payables and Accrued Liabilities - Financial Liabilities-Equity - Revenue Recognition - Costs & Expenses I Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures - Accounting Changes and Error Corrections - Business Combinations - Contingencies, Commitments, and Guarantees (Provisions) - Earnings Per Share - Fair Value Measurements, Disclosures, and Reporting V Non-governmental Accounting and Reporting - Financial Statements - Typical Items and Specific Types of Transactions and Events: Recognition, Measurement, Valuation, Calculation, and Presentation in Financial Statements of Not-for-Profit Organizations Unit -V Governmental Accounting and Reporting- Governmental Accounting Concepts - Format and Content of Comprehensive Annual Financial Report (CAFR) -Financial Reporting Entity, Including Blended and Discrete Component Units 1. Wiley CPA Excel Exam Review Course Study Guide: Financial Accounting & Reporting - O. Ray Whittington 2. Wiley GAAP: Interpretation and Application of Generally Accepted Accounting Principles -Joanne M. Flood 3. Wiley Not-for-Profit GAAP: Interpretation and Application of Generally Accepted Accounting Principles - Richard F. Larkin, Marie DiTommaso 4. Wiley GAAP: Financial Statement Disclosures Manual - Joanne M. Flood 5. Wiley GAAP Codification Enhanced - Barry J. Epstein, Ralph Nach, Steven M. Bragg

3 Page 3 of 6 PAPER 2 General Auditing Engagement Acceptance and Understanding the Assignment - Determine Nature and Scope of Engagement - Consider the Firm s Policies and Procedures Pertaining to Client Acceptance and Continuance - Communicate with the Predecessor Auditor - Establish an Understanding with the Client and Document the Understanding Understanding the Entity and Its Environment (including Internal Control) - Materiality - Consideration of Fraud - Perform and Document Risk Assessment Procedures - Consider Internal Control - Risk of Material Misstatements -Special Audit Considerations I Performing Audit Procedures and Evaluating Evidence-Develop Overall Responses to Risks - Perform Audit Procedures Responsive to Risks of Material Misstatement - Obtain and Document Evidence to Form a Basis for Conclusions V Evaluating Audit Findings, Communications, and Reporting - Perform Overall Analytical Procedures - Evaluate the Sufficiency and Appropriateness of Audit Evidence - Document Engagement Conclusions - Review the Work Performed by Others - Communication Unit - V Accounting and Review Services Engagements - Plan the Engagement - Obtain and Document Evidence to Form a Basis for Conclusions - Prepare Communications 1. Wiley CPA Excel Exam Review Course Study Guide: Auditing& Attestation- O. Ray Whittington 2. Wiley Practitioner's Guide to GAAS 2015: Covering all SASs, SSAEs, SSARSs, PCAOB Auditing Standards, and Interpretations - Joanne M. Flood 3. Audit and Assurance Essentials - Katharine Bagshaw - Wiley 4. Accounting and Auditing Research: Tools and Strategies - Thomas R. Weirich, Thomas C. Pearson, Natalie Tatiana Churyk- Wiley 5. Wiley Auditing and Assurance Services: Understanding the integrated audit, 1 st Edition Karen.L.Hooks

4 Page 4 of 6 PAPER 3 Federal Taxation Federal Taxation of Individuals - Gross Income - Reporting of Items from Pass- Through Entities - Adjustments and Deductions to Arrive at Taxable Income - Passive Activity Losses - Loss Limitations - Taxation of Retirement Plan Benefits - Filing Status and Exemptions - Tax Computations and Credits - Alternative Minimum Tax Federal Taxation of Property Transactions - Types of Assets - Basis and Holding Periods of Assets - Cost Recovery (Depreciation, Depletion, and Amortization) - Taxable and Nontaxable Sales and Exchanges -Amount and Character of Gains and Losses, and Netting Process - Related Party Transactions- Estate and Gift Taxation I Federal Taxation of Entities - Similarities and Distinctions in Tax Treatment Among Business Entities - Differences Between Tax and Financial Accounting - C Corporations - S Corporations - Partnerships - Trusts and Estates - Tax-Exempt Organizations V Federal Tax Process, Procedures, Accounting, and Planning - Federal Tax Legislative Process - Federal Tax Procedures -Accounting Periods - Accounting Methods - Tax Return Elections- Tax Planning Unit - V Ethics, Professional, and Legal Responsibilities - Ethics and Responsibilities in Tax Practice - Treasury Department Circular Internal Revenue Code of Licensing and Disciplinary Systems - Federal statutory liability 1. Wiley CPA Excel Exam Review Course Study Guide: Regulation- O. Ray Whittington 2. Internal Revenue Code: Income, Estate, Gift, Employment and Excise Taxes - CCH Tax Law Editors 3. U.S. Master Tax Guide - CCH Tax Law Editors 4. Taxation for decision makers Shirley Dennis Escoffier, Karen Fortin 5. Accounting Ethics Ronald Duska, Brenda Shay Duska, Julie Anne Ragatz

5 Page 5 of 6 PAPER 4 Cost and Management Accounting Unit -I Cost Measurement Methods and Techniques- Operations Management- Performance Management and Impact of Measures on Behavior - Process Management -Project Management Financial Management - Financial Modeling, Projections, and Analysis - Financial Decisions - Asset and Investment Management - Capital Management, including Working Capital - Capital Structure - Financial Valuations (e.g. Fair Value) - Financial Transaction Processes and Controls Unit -III Strategic Planning - Market and Risk Analysis - Strategy Development, Implementation, and Monitoring - Planning Techniques - Budget and analysis - Forecasting and projection - Coordinating information from various sources for integrated planning Unit -IV Corporate Governance - Rights, Duties, Responsibilities, and Authority of the Board of Directors, Officers, and Other Employees - Financial and non-financial reporting - Internal Controls (including COSO framework)- Enterprise Risk Management (including COSO framework) - Entity-level controls Unit - V Economic Concepts and Analysis - Changes in Economic and Business Cycles - Economic Measures/Indicators - Globalization and Local Economies - Market Influences on Business Strategies - Financial Risk Management - Market, Interest rate, currency, liquidity, credit, price, and other risks 1. Wiley CPA Excel Exam Review Course Study Guide - Business Environment & Concepts - - O. Ray Whittington 2. Wiley CMA Excel Learning System: Part 1, Financial Reporting, Planning, Performance & Control 3. Wiley CMA Excel Learning System: Part 2, Financial Decision Making 4. Managerial Accounting - Ray Garrison, Eric Noreen, Peter Brewer - McGraw-Hill/Irwin 5. Management Accounting for Decision Makers - Dr Peter Atrill, Eddie McLaney - Prentice Hall

6 Page 6 of 6 PAPER 5 Accounting Research, Ethics and Communications Accounting Research-Financial Accounting Standard Board (FASB) Accounting Standards Codification- American Institute of Certified Public Accountants (AICPA) Statements on Auditing Standards - Public Company Accounting Oversight Board (PCAOB) Standards - Internal Revenue Code of 1986, as amended Accounting Information Systems and Communications - Organizational Needs Assessment - Systems Design and Other Elements - Security - Internet - Implications for Business - Types of information System and Technology Risks - Disaster Recovery I Professional Responsibilities - Ethics and Independence - Code of Professional Conduct (AICPA) - Requirements related to issuers, including the PCAOB, the SEC and the Sarbanes- Oxley Act of 2002, Titles II and III, Section Code of Ethics for Professional Accountants (IFAC) V Business Law - Contracts - Sale of Goods (UCC Article 2) - Commercial Paper (UCC Article 3) - Secured Transactions (UCC Article 9) - Bankruptcy - Suretyship& Creditor s Rights - Agency - Property Law - Federal Security Regulations - Employment Regulations - Environmental Regulations - Antitrust Regulations - Business Structures Unit -V Business Communication- Basic writing mechanics - Effective business writing principles - Exchange technical information and ideas - Documentation - Recognize and understand implications of critical business -Recommendations and informed opinions. 1. Wiley CPA Excel Exam Review Course Study Guide -Financial Accounting & Reporting, Auditing & Attestation, Regulation, Business Environment & Concepts - O. Ray Whittington 2. Accounting and Auditing Research: Tools and Strategies - Thomas R. Weirich, Thomas C. Pearson and Natalie Tatiana Churyk - Wiley 3. Accounting Information Systems - Mark G. Simkin, Carolyn S. Norman- Wiley 4. Business Law - Jane Mallor, A. James Barnes, L. Thomas Bowers, Arlen Langvardt- McGraw-Hill/Irwin 5. Business Communication At Work - Marilyn Satterwhite, Judith Olson-Sutton - McGraw-Hill **********************************