CMA Intermediate
Paper 5: Financial Accounting
Question Paper Pattern & Syllabus
|
Section A: Accounting – Basics (25%) |
Sec B: Preparation of Financial Statements (40%) |
|
1.
Fundamentals of Accounting 2.
Accounting for Special Transactions. |
3.
Accounting for NPO including Balance sheet, Final Accounts and Single entry
system. 4.
Partnership Accounts |
|
Sec C: Self Balancing Ledgers, Royalties, Hire Purchase &
Installment System, Branch & Departmental Accounts. (20%) |
Sec D: Accounting in Computerised Environment and Accounting
Standards (15%) |
|
5.
Self-Balancing Ledgers 6.
Royalties, Hire-Purchase and Installment System 7.
Branch and Departmental Accounts |
8.
Overview of Computerised Accounting 9.
Accounting Standards (Specified only) |
This paper is divided
into two parts.
First part (MCQs) = 25 questions x 1 mark each = 25
Second part (Practical Problems) = 5 questions x 15 marks each = 75
First part consists of
total 25 short answer type questions which are summarised as follow:
|
Type of Questions |
No. of Questions |
Total Marks |
|
Multiple
Choice Questions |
10
Questions |
10x1 = 10 |
|
Match
the following |
5
Questions |
5x1=5 |
|
True
or False |
5
Questions |
5x1 = 5 |
|
Fill
in the blanks |
5
Questions |
5x1=5 |
|
Total Marks |
25 marks |
|
Second part
consist of total 7 questions carrying 15 marks each out of you have to attempt
only 5 questions.
|
Section A: Accounting – Basics
(25%) |
|
|
Important Topics |
Year |
|
Corrected Trial Balance |
Dec 2018 |
|
Rectification of errors |
June 2017, Dec 2017, June 2018, June 2019 |
|
Bad debts and Provisions for b/d |
June 2018 |
|
Consignments |
June 2019 |
|
Insurance Claim |
June 2017, June 2018, Dec 2018, June 2019, Dec 2019 |
|
Bills of Exchange |
June 2017, June 2018 |
|
Section B: Preparation of
Financial Statements (40%) |
|
|
I/E Account with Balance sheet |
Dec 2017, June 2018, Dec 2018, Dec 2019 |
|
Single Entry System |
June 2017, Dec 2017, June 2018, Dec 2018, Dec 2019 |
|
Final Accounts |
June 2019, Dec 2019 |
|
Admission of a Partner |
Dec 2017, June 2018, Dec 2019 |
|
Retirement of a partner |
June 2017 |
|
Death of a Partner |
Dec 2018 (J) |
|
Dissolution of Partnership Firm |
Dec 2017, June 2019 |
|
Section C: Self Balancing
Ledgers, Royalties, Hire Purchase & Installment System, Branch &
Departmental Accounts. (20%) |
|
|
Self Balancing Ledger |
June 2017, Dec 2018, June 2018, Dec 2018, June 2019, Dec
2019 |
|
Hire Purchase and Installment Purchase |
June 2017, Dec 2017, June 2018, June 2019 |
|
Royalty Accounts |
Dec 2018, Dec 2019 |
|
Branch Trading Account |
June 2017, June 2018, June 2019 |
|
Departmental Account |
Dec 2017, Dec 2018, Dec 2019 |
|
Section D: Accounting in
Computerized Environment and Accounting Standards (15%) |
|
|
Accounting Standard |
June 2017, Dec 2017, June 2018, Dec 2018, June 2019, Dec 2019 |
|
Computerised Accounting Theory |
Almost Every Exam |
***********************
PAPER-5: FINANCIAL
ACCOUNTING DETAILED SYLLABUS
Section A: Accounting – Basics
1. Fundamentals of Accounting: Accounting - Meaning, Scope and
Significance of Accounting - Accounting Principles, Concepts and Conventions -
Capital and Revenue Transactions – Depreciation - Rectification of Errors.
2. Accounting for Special Transactions: Bills of Exchange -
Consignment - Joint Venture - Insurance Claims (Loss of Stock and Loss of
Profit)
Section B: Preparation of Financial Statements
3. Preparation of Final Accounts of Profit Oriented organizations,
Non-Profit Organizations and from Incomplete Records
(i) Preparation of Financial statements of
Profit Oriented organizations: P&L Account, Balance Sheet.
(ii) Preparation of Financial Statements of
Non-Profit making organizations: Preparation of Receipts & Payments
Account, Income& Expenditure account and Balance Sheet.
(iii) Preparation of Financial Statements from
incomplete records (Single entry)
4. Partnership Accounts
Admission,
Retirement, Death, Treatment of Joint Life Policy ,Dissolution of partnership
firms including piece meal distribution, Amalgamation of partnership firms,
Conversion of partnership firm into a company and sale of partnership firm to a
company
Section C: Self Balancing Ledgers, Royalties, Hire Purchase
& Installment System, Branch & Departmental Accounts.
5. Self-Balancing Ledgers
6. Royalty Accounts, Hire Purchase and Installment System.
7. Branch and Departmental Accounts.
Section D: Accounting in Computerized Environment and Accounting
Standards
8.
Computerized Accounting System – Features, Significance, Grouping of Accounts,
Ledger hierarchy, Accounting Packages and their selection criteria
9. Accounting Standards (AS-1, AS-2, AS-6, AS-7, AS-9, AS-10)
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