CA IPCC Important Questions May/November


CA IPCC Important Questions March 2021:- CA (Chartered Accountant) is the most demanded and valuable professional course in a Day. Most of the students are choosing the CA for their bright future. IPCC (Integrated Proficiency Common Course) has been conducting the CA final exam yearly two times. IPCC is the intermediate level of the CA. here we are providing the CA IPCC Important Questions and Syllabus for the year 2021.

Here we provide the CA IPCC Important Questions Nov 2021 as per the ICAI Syllabus, the students who pass out the CA CPT they only eligible for the CA IPCC Exam. The CA CPT is the Entry level Exam for the CA. only a few members pass the CA CPT. after CA CPT the students will go to the CA IPCC. The CA IPCC contains Group 1 & Group 2. The students who pass the IPCC both Groups 1&2 the students only eligible for the CA Final.

CA IPCC Results 2021

CA IPCC Important Questions May 2021

So we are providing the total information and Details of the CA IPCC 2021.  For the help of CA IPCC Students, we provide the Old syllabus and New Syllabus along with the Important Questions. CA IPCC Important Question May 2021, for both Group 1 and Group 2. The important topics we provide here are prepared based on statistical analysis.

AS 10(Theory) 5 Marks
AS 9: Revenue Recognition 5 Marks
Partnership Accounts 16 Marks
Cash Flow Statement 4 Marks
Investment Accounts 8 Marks
Average Due Date 4 Marks
Hire Purchase 4 Marks
AS2: Valuation of Inventories 4 Marks

IPCC Law Important Topics May 2021

Name Clause  of MOA 6 Marks
One  Person Company 6 Marks
Holding Subsidiary Companies 5 Marks
Alteration of Articles 6 Marks
Misstatement in Prospectus 6 Marks
Acceptance of Deposits 8 Marks
Debentures 6 Marks
The issue of Bonus Shares 8 Marks
Private Placement of Shares 6 Marks
Alteration of Share Capital 5 Marks
Debenture PariPassu Clause 5 Marks
Register of Members 4 Marks
Tribunal Powers for Meeting 4 Marks
Minutes Book 4 Marks
Sources of Ethics Standards 5 Marks
Benefits of Business Ethics 4 Marks
7Social Sins 4 Marks
Corporate Governance Measures 5 Marks
Caux Round Table 4 Marks
CSR Policies 4 Marks
Harassment at the Workplace 4 Marks
Guidelines for Managing Ethics at Workplace 4 Marks
Factors Influencing Ethical Behavior at Work 5 Marks
Green Accounting 4 Marks
Eco-Friendly Business Practices 5 Marks
Parameters of Competition Law 5 Marks
Ethical Conflict Resolution by Finance Professional 4 Marks
Threats to Finance Professional 5 Marks
Fundamental Principles relating to Ethics 5 Marks

 IPCC Costing FM Important Topics May 2021

The trick to scoring good marks in costing and Financial Management papers is that you need to practice as many as problems on the book, Experts and Toppers have specifically stated that Practice Manual is the best book to prepare Costing and FM.

Costing FM Important PM Questions

These are Selected Questions for Revision from Practice Manual. The Page Numbers provided below are based on the May 2021 Edition.

Overheads 8Marks
Marginal Costing 8Marks
Contract Costing 8Marks
Materials 5Marks
Labour Theory 4Marks
Investment Decisions 8Marks
Financial Risk 8Marks
Rations 5Marks
Funds Flow 8Marks

IPCC Tax Important Topics May 2021

Tax is a very trick in the entire first group of IPCC. It is also one of the most time-consuming paper during exam preparation. From this year May 2021 GST will replace the Indirect Taxes

IPCC Auditing Important Topics May 2021

SA 230 Auditing Documentation
SA 330 Auditors Response to Risks
SA 450 Evaluation of Misstatements
SA 505 External Confirmations
SA 520 Analytical Procedures
SA 610 Using Internal Auditors Works
SA 710 Comparative Information

Students Should understand that it is not recommended to skip topics and read only a few important ones. Try to cover the entire syllabus and that’s what ICAI experts from you and even question papers are based on that.

For once who has already completed one revision. Below, I have provided a list of Practice Manual Questions from the first five chapters, that one should read twice. These are not the questions that are going to come in the exam, rather the ones which are generally ignored and might be tested sometimes.

Chapter 1

Q3 – Conditions that Increase Risk of fraud

Q5 – SA 560

Q9(A) – M/s Fortune

10(b) –Short Note on Going Concerned (4M)

Q12 – Audit Vs Investigation

Q19(d) – Corresponding Figures

20(b) – Self Revealing Errors

Q22(a) and Q22 (c)

Q23 (C)- Professional Skepticism

Q24 –Defalcation of Cash with Examples

Chapter 2

Q3(iii) –Principle Audit Evidences

Q4 –Advantages of Audit Working Papers

Q11 – Accounting Estimations SA 540

Q14 – External Confirmation Useful

Q21 –  Sufficient Appropriate

Q23 – Inquiry Audit Evidence.

Chapter 3: Preparation for an Audit

Q3(a) – Audit Note Book

Q6 – Medical Council of India

Q13 – Branch Auditor Photocopy

Q14 – Surprise  Check

Q 20 –AAS Ltd, Health Zone

Q26 (a) & (b) – PQR Ltd

Q29(a) – Stratified Sampling

Q31 – New Engagement Letter

Q33 – Surprise Checks

Chapter 4: Internal Control

Q2 – Examination in Depth

Q8 – Audit Trail

Q9 – Service Bureau

Q 12- Independence of Internal Auditor

Q17 – Statutory Vs Internal Auditor

Q21 – ICQ Vs ICE

Chapter 5: Vouching

Q1 (b) –Borrowings From Banks

Q3(c)& (d) – Capital Subsidy, Tax

Q6(b) – Trademarks

Q 18 – Premium Insurance Car

Q19 – All Four

Q22 (a) – Sale of Investments

Q27 (a)- Advertisement

Q28(a) Insurance Claim

Q31(a) – Production Incentive

Q32 – XYZ Ltd

Q40 – a to e

Q45 – Janta Ltd                                                           

IPCC Information Technology Important Topics May 2021

Chapter Topic Marks
1 Business Process Re-Engineering 5 Marks
1 Organizational Vs Operational Processes 4 Marks
1 Business Process Automation 5 Marks


2 Risks of IT 4 Marks
2 RISC Vs CISC 5 Marks
2 Relational Vs Network Database Model 4 Marks
2 Functions of an Operating System 5 Marks


3 LAN Vs WAN 4 Marks
3 Star Vs Ring Networks 4 Marks
3 N-Tier Architecture 5 Marks
3 OSI Model 6 Marks
3 Network Vulnerability 4 Marks
3 Firewall and its Techniques 5 Marks
3 Five Rules of Extranet 4 Marks
3 Benefits and Risks of E-Commerce 5 Marks
4 Office Automation Systems 4 Marks
4 Management Information Systems 5 Marks
4 Customer Relationship Management 4 Marks
4 Expert Systems 4 Marks
5 Types of Business Applications 4 Marks
5 BPA Controls 5 Marks
5 Grid Computing 4 Marks

IPCC Strategic Management Important Topics May 2021

While preparing for Strategic Management Syllabus, Students are advised to learn the practical aspect of the syllabus. THE entire SM Question paper will be based on practical examples.

The first 2 chapters of SM contain only theory questions. From the 3rd chapter, the entire syllabus has practical importance and all questions are example-based. Out of all the syllabus, chapters 4 and 6 are very important

For Strategic Management, Practice Manual is recommended for exam preparation as most of the questions are directly asked from this book only.

Chapter Topics Marks
1 Macro Environment 4 Marks
1 Ethnic Mix 4 Marks
1 Porter 5 Forces Model 5 Marks
1 Globalization 5 Marks
2 Corporate Strategy 4 Marks
2 Strategic Management Framework 5 Marks
2 Features of Strategic Decision Making 4 Marks
2 SWOP Analysis 4 Marks
3 Triggers of Change 5 Marks
3 Situational Analysis 5 Marks
3 ADL Matrix 5 Marks
4 Portfolio Analysis 4 Marks
4 Cost Leadership Vs Differentiation Strategies 5 Marks
4 Divestment Strategy 4 Marks
5 Turnaround Strategy 5 Marks
5 Marketing Mix 5 Marks
5 Production Strategy Formulation 5 Marks
6 R&D Strategy 4 Marks
6 Issues in Structure and Core Competence 5 Marks
6 Value Chain and Linkages 5 Marks
6 Leadership Role in Strategy Implementation 4 Marks
7 Total Quality Management 5 Marks
7 DMSIC Vs DMADV 5 Marks
7 TQM Guidelines 4 Marks


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.