CMA Intermediate Paper 5: Financial Accounting Question Paper Pattern and Syllabus | Important Topics

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

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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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