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CA Inter Important Topics, Questions, Chapters for May 2021 (Includes IPCC)

CA Inter Important Questions, Topics and Chapter For May 2021 Exams (Includes CA IPCC)

In previous post we have given Suggested Study Plan For CA IPCC and How to Pass CA IPCC in One Month Preparation. Today we are providing all CA Inter important questions and topics for May 2021 exams. See below for Inter/IPCC Group – 1 and Group – 2 important chapters and topics. Here students can find CA Inter/ IPCC Accounts Important topics, CA Inter/IPCC LAW, Ethics And Communication important Small Questions and topics, Costing & FM important topics, CA Inter Taxation Important topics for exam and other CA Inter Group 2 important chapters & Topics .

Read : How to Pass CA IPCC In First Attempt – 49 Preparation Tips

CA Inter Group 1 Important Questions | Topics

CA Inter Accounts Important Questions Topics For May 2021

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Paper 1: Accounting

1. Partnership Accounts

2. Not-for-profit organizations

3. Amalgamation

4. Hire purchase and installment system

5. Single Entry System (Accounting from incomplete records)

6.Accounting in Computerized Environment

CA IPCC Law, Ethics and Communication Important Questions Topics For May 2021

Paper 2: Business Laws, Ethics and Communications

  1. Companies Act 1956: Article of Association, Memorandum of Association, Share capital, Deposits and General body Meeting
  2. Business Laws: Contract Act 1872 (CPT’s basic concepts, Indemnity and guarantee, Special contracts); EPF and Misc. Act (Most IMP)
  3. Business Laws: Negotiable Instrument Act (Discharge related points, basic points of the Act) ca inter important questions

Payment of Bonus and Gratuity Act (Most IMP)

  1. Business Ethics: Corporate governance and CSR, GTI, Conservation of Natural resources, Consumer Acts consumer related matters, Fundamental principals relating to ethics, Ethical threats, Ethical dilemmas.
  2. Communications: Drafting deeds (Most IMP), Types of communication, Grapevine communication.

CA Inter Costing and FM Important Questions Topics For May 2021

Paper 3: Cost Accounting and financial management

Part 1: cost accounting

  1. Process costing
  2. Contract costing
  3. Marginal costing (may be with operating costing)
  4. Standard costing (may be with budgetary control)
  5. Integral and non-integral accounting OR Labour

Part 2: financial management

  1. Cost of capital
  2. Capital structure
  3. Capital budgeting
  4. Sources of finance (for theory)
  5. Working capital OR Leverages

CA Inter Direct and Indirect Tax Important Questions Topics May 2021

Paper 4: Taxation

Part 1: Income Tax

  1. Profit and gains from business profession (IMP this time)
  2. Capital gain ca inter important questions
  3. Income from the head Salaries(Most IMP this time)
  4. TDS provisions (Most IMP for practical life)
  5. Deductions (IMP evergreen)

Part 2: Service Tax and VAT

  1. Services (Amendment related matter must)
  2. Provision related to service tax (for theory)
  3. VAT-Cenvat credit
  4. VAT-Input vat credit

Here also i’m giving Downloading links of study materials, practice manuals and other useful files.

CA Inter Group 2 Important Questions | Topics

CA Inter Advanced Accounts Important Questions Chapters May 2021

Paper 5: Advanced Accounting

  1. AS
  2. Insurance companies financial statement
  3. Banking companies financial statements
  4. Branch accounts OR Dept Accounts
  5. Advanced issue in Partnership or Amalgamation (if asked in 1st group then chances to ask by them is 70:30)

AS- 5,11,16,20 & 26, Amalgamation and conversion of partnership firm, ESOP, Buy Back (Theory most probably), Underwriting, Debenture redemption reserve, Internal Reconstruction, Insurance (Theory or P& L Account), Banking (P&L Account or Provision), Electricity (Depreciation), Foreign Branch and Liquidation.

CA Inter Auditing Important Questions Chapters / Topics May 2021

Paper 6: Auditing and Assurance

  1. Intro of Audit (with relevant SAs relating to this chap)
  2. Basic concept of Audit (with relevant SAs relating to this chap)
  3. Company audit CA inter important questions
  4. CARO related provisions
  5. Special audit

SA – 200, 230, 240, 315, 520, 540, 570 & 710.
AS – 1,2,4,6 & 10.

Special Audit – NGO, Cinema Hall, Educational Institution, Hotel & benefits of audit of partnership firm.
Vouching / Verification- Stock with third party, Motor Car, Traveling Expenses, Scrap Sale, WIP, Hire purchase, Rental Receipt.
Genera Topics – Allotment of Shares (As per co. act 2013), Section 180 & 182 of Co. Act 2013, Buy back provisions as per Sec.70 of Co. Act 2013, Audit Evidence, Audit Documentation, Audit Trail, Joint Auditors, Limitations of Audit, Error of commission, Audit programmer, Accounting assumptions.

CA IPCC IT and SM Important Questions Chapters / Topics For May 2021

Paper 7: IT and SM

Part 1: Information technology

Ch 1 – Need of BPM, Challenges in implementation of BPM, Success factors of BPR & ER Diagram.

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Ch 2 – BPM (Phases and its benefit) , Steps in BPA, DBMS (Advantages and disadvantages), Tablet, i-pad, i-pod, wifi, UMPC.

Ch 3 – Advantage of computer network, Components of Telecommunication Network, LAN, VPN, Star & ring topologies (Advantages and disadvantages), Synchronous v/s. asynchronous, Transmission modes, Circuit switching, Factors responsible for vulnerabilities, Encryption, Firewall.
Business use of Internet and risk in e-commerce.

Ch 4 – TPS, OAS, MIS, DSS & its component, Components of SCM, Core banking system & its element & Approaches to access control.

CH 5 – BPA & its objective, Control objectives, Process control, Grid computing, Cloud computing & its advantages.

Part 2: SM

  1. Formulation of functional strategies
  2. Strategy implementation
  3. Reaching the strategic edge
  4. Bus environment/ Strategic planning

Note : This article’s main intention is helping avg. students who are getting just pass marks. If you want to get 60+ marks then it is better to prepare full syllabus of CA Inter & IPCC. All the best


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Also Read:

CA IPCC SyllabusCA IPCC RegistrationCA IPCC Exam Dates
CA IPCC Papers & Mock TestsCA IPCC Study PlanCA IPCC Suggested Answer
CA IPCC Revision Test PapersCA IPCC Study MaterialCA IPCC Important Dates


FAQs regarding CA Inter Important Topics

What are the important topics in Accounting (CA Inter Group 1)

CA Inter Group 1 Accounting important topics:
1. Partnership Accounts
2. Not-for-profit organizations
3. Amalgamation
4. Hire purchase and installment system
5. Single Entry System (Accounting from incomplete records)
6.Accounting in Computerized Environment

Full list of CA Inter (Group 1 & 2) important topics here.

What are the important topics in Business Laws, Ethics and Communications (CA Inter Group 1)

CA Inter Group 1 Business Laws, Ethics and Communications important topics:
1. Companies Act 1956: Article of Association, Memorandum of Association, Share capital, Deposits and General body Meeting
2. Business Laws: Contract Act 1872 (CPT’s basic concepts, Indemnity and guarantee, Special contracts); EPF and Misc. Act (Most IMP)
3. Business Laws: Negotiable Instrument Act (Discharge related points, basic points of the Act)

Full list of CA Inter (Group 1 & 2) important topics here.

What are the important topics in Cost Accounting and Financial Management (CA Inter Group 1)

CA Inter Group 1 Cost Accounting and Financial Management important topics:
Part 1: cost accounting
1. Process costing
2. Contract costing
3. Marginal costing (may be with operating costing)
4. Standard costing (may be with budgetary control)
5. Integral and non-integral accounting OR Labour
Part 2: financial management
1. Cost of capital
2. Capital structure
3. Capital budgeting
4. Sources of finance (for theory)
5. Working capital OR Leverages

Full list of CA Inter (Group 1 & 2) important topics here.

What are the important topics in Taxation (CA Inter Group 1)

CA Inter Group 1 Taxation important topics:
1. Profit and gains from business profession (IMP this time)
2. Capital gain ca inter important questions
3. Income from the head Salaries(Most IMP this time)
4. TDS provisions (Most IMP for practical life)
5. Deductions (IMP evergreen)

Full list of CA Inter (Group 1 & 2) important topics here.