Which are the most important topics to focus for CWA preparation?

Most important topics to focus for CWA preparation: Corporate Laws and Compliance Companies Act Other Corporate Laws Corporate Governance Strategic Financial ManagementDividend PolicyLeasingMerger, Acquisitions and RestructuringForex ManagementFinancial ServicesMutual Fund Security AnalysisDerivativesPortfolioCapital Budgeting Strategic Cost Management and Business Strategy Business Strategy Strategy Development Strategy Position Strategy Choice Strategic Integration Strategic Cost Management (SCM) and Control Strategic Decision Making Budgetary Control and Standard Costing in Profit Planning Process Control and Activity Based Cost Management, JIT& ERP Cost of Quality and Total Quality Management Application of Operation Research and Statistical Tools in Strategic Decision Making (Advanced level) Entrepreneurial approach to Cost Management with reference to core competencies Advanced Direct Tax Laws and International Taxation Advanced Direct Tax Laws International Taxation Tax Practice and Procedures Cost and Management Audit Cost and Management Audit Internal Audit and Operational Audit Case Study on Performance Analysis Financial Analysis and Reporting GAAP and Accounting Standards Accounting of Business Combinations and Restructuring Consolidated Financial Statements Developments in Financial Reporting Government Accounting in India Advanced Indirect Tax Laws and Practice Tax Practice and Procedures

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Hello, Below are the most important topics and chapters for preparing CWA exams: Financial accounting: 1. Accounting Standards AS-1: Disclosure of Accounting Policies AS-2: Valuation of Inventories AS-5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies AS-10: Accounting for Fixed Assets 2. Bank Reconciliation Statements 3. Depreciation Accounting (AS6); Impairment of Assets (AS-28) 4. Preparation of Financial statements: Preparation of Receipts and Payments Account Preparation of Income and Expenditure Account Balance Sheet Concept of single entry system, conversion of single entry system into double entry system of accounting 5. Partnership Admission, Retirement, Death, Treatment of Joint Life Policy Piece meal distribution Amalgamation of partnership firms 6. Branch Accounts-Debtors system, Stock & Debtors system 7. Self-Balancing Ledger 8. Insurance Claim ( Loss of Stock and Loss of profit) 9. Accounts of Banking Company 10. Accounts of Insurance Companies (as per Insurance Act) including Stock Valuation. Laws, ethics and governance: Section A: LAWS (Industrial and Economic Laws) [60 marks] 1. Laws of Contracts Essential elements of a contract, offer and acceptance Quasi-contracts, contingent contracts, termination or discharge of contracts Special contracts: Indemnity and Guarantee; Bailment and Pledge; Laws of Agency 2. Laws relating to Sale of Goods Transfer of ownership Performance of the contract of sale 3. Laws relating to Employees: Here you have to prepare object, scope and applicability of the every following Acts. Just know about basic concept of every Act. Factories Act, 1948 Industrial Disputes Act, 1947 Workmen’s Compensation Act, 1923 Payment of Wages Act, 1936 and Minimum Wages Act, 1948 Payment of Bonus Act, 1965 and Payment of Gratuity Act, 1972 Employees State Insurance (E.S.I) Act, 1950 Provident Fund (P.F.) Act, 1952 The Child Employee (Prohibition and Regulation) Act, 1986 4. Negotiable Instruments Act, 1881 Definition, Acceptance and negotiation Dishonour of a Negotiable Instrument 5. Laws related to Partnership: Nature of Partnership Rights and liabilities of Partners Dissolution of Firms Limited Liability Partnership Act, 2008 6. Prevention of Money Laundering Act, 2011 Prevention of Money Laundering Act, 2011 Obligations of Banks and Financial Institutions

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