Information TechnologyCA Intermediate (IPC) Course Paper 7

Agenda

1

•Need for Information Technology

2

•Course Coverage – An Overview

3

•Strategy to Qualify IT Paper

4

•General Tips

Technology Impact Examples

Income Tax Returns e-filed in India

More e-filings

Excise and Service Tax Returns are also being e-filed.

Many state governments have mandated e-filing of VAT returns.

Government is moving towards e-governance.

Other Areas

Every imaginable aspect of LIFE has information technology built into it.

Imagine your life without FACEBOOK / GOOGLE / EMAIL.

Student’s questions

1

•Why the subject in CA course?

2

•What to Study?

3

•How to Study?

4

•How to answer question in exam?

5

•How to get good marks in exam?

Purpose of this Webcast

1

•Understand Subject

2

•Answer General Issues

3

•Strategy to Qualify & Excel

Why This Subject?

Computers are inherent part of life today. Virtually, in every walk of life, a person is expected to able to use computers.

The impact of Information technology in several aspects of accounting profession has been pronounced over the last two decades in India.

The accountant who does not understand computer based accounting system is likely to Left high & Dry in the Profession.

A working Knowledge of contemporary Information Technology is a basic Bread & Butter Requirement of Chartered Accountants Today.

Hence, The Study of this Subject will be Very Helpful in Current Dynamic Business Scenario.

The first question …. Why?

Most pertinent question

We all must have answered the Q’s when we decided

to do CA.

What to Study?

A quick run through the syllabus.

How to study?

The best way is to look around yourself and see whether the subject you are reading exists in real

life situation.

If you view the above your natural interest in subject shall go-up, and its shall definitely get you better

marks.

Course Contents

Course Contents

1 •Introduction to Computers.

2 •Data Storage, Retrieval and Data Base Management System.

3 •Computer Networks & Network Security.

4 •Internet & Other Technologies.

5 •Introduction to Flowcharting.

6 •Decision Table.

How to study Chapter 1: Software

Imagine you use all software's described in

chapter daily.

As you start your system / computer you start using the

software’s listed in the chapter.

How to study Chapter 2: DB

Your registration number is a data in large

database of CA students.

Adding three alphabets tells

you are registered from which region.

We are all DATA in this universe of humans.

How to study Chapter 3

ATM are best example for this chapter.

Banks are creating ATM’s by using VSAT

dishes.

All that exists around us is NETWORK.

How to study Chapter 4:

I feel you cannot be informed anything on this

chapter.

You are all born in Internet Revolution and you know technology much better.

How to study Chapter 5:

This chapter requires a

understanding of how system

works.

But that issue is simple, flowcharts

are logical conclusion to

solve a problems.

They are pure mathematics.

How to study Chapter 6:

If you can make a table where all possible ways a student can appear in CA IPCC exams, you are done with the idea

of DECISION TABLE.

Chapter 1: Introduction to Computers.

Meaning of Software.

Classification of Software.

Types of Operating System and their Features.

Various types of software available in the market for Scientific & Business Purposes.

Chapter 3: Computer Networks & Network Security

The Concepts of Computer Networks.

Classification of computer Networks & its Topologies.

Communication Software & network Hardware.

Transmission Protocols – OSI and TCP/IP.

Client Server Architecture and Tier System.

Data Center & Disaster Recovery Sites.

Network Security, Threats & Vulnerabilities.

Chapter 2: Data Storage, Retrieval and Data Base Management System

Number System & File Organization.

Concept of Database Management System, Types & Components of Databases.

Difference Between various Structures of Database Systems.

Data Warehousing and Data Mining in Business Application.

Chapter:4 Internet & Other Technologies

The concepts of Internet and its components.

The use of Internet & Extranet in an Organization.

Working & Benefits of E- Commerce.

Types of E- Commerce

Various Aspects of CRM & SCM.

Working Procedure and Advantages of EDI.

6. Types of Electronic Payments.

7. Various Risks & Security Consideration Like Firewall, Encryption, Massage Authentication and Site Blocking.

8. Brief Description of M- Commerce, Bluetooth & Wi- Fi.

Chapter 5: Introduction to Flowcharting

Various Steps involved in Programming Process

The concept of Algorithm

To Analyze a given problem and represent its solution with the help of Flowchart/ Algorithm.

Many Practical Problems and their Solutions Depicting Flowcharts.

Chapter 6: Decision Tables

The concept of Decision Table.

Various Types of Decision Tables.

Many Practical Problems & their Corresponding Decision Tables.

What to study?A chart to illustrate the questions asked in exams in previous attempts.

Questions in Exam: Average marks from last five exams

Chapter MarksChapter 1 5.30Chapter 2 12.70Chapter 3 13.15Chapter 4 9.10Chapter 5 8.90Chapter 6 0.85

What to study…

Based on above data it is amply clear that few

chapters have greater weight-age in exams.

The above have been adjusted for additions / deletions in syllabus.

How to Study? A General Discussion

Before proceedin

g we shall

define the type of

questions asked in exam:

Classification of questio

ns: Through a chart

Classification of Questions

Nature Description Marks in exam

Short Answer Answer in two-five lines. 1-2

Long answer Answer may run up to 8-10 lines.

4-6

Differences Four – Five differences. 4

Flowchart No description needed. 8-10

Practical Cases Answer may run up to 8-10 lines.

4 - 6

Classification of questions

Above classification is a broad approximation of

pattern of questions asked in exam.

Each type of question may need a different approach,

but still few rules are common

Common rules for answering

Rule 1: To any question, asked start by defining the technical term used in question. The definition may not be the asked question.

Illustration follows

Common rules for answering: Rule 1

Q in exam: “Explain in brief technical functionality of Customer Relationship

Management”:

Answer: Before writing technical functionality, please define the word

Customer Relationship Management

Common rules for answering: Rule 1

Benefit

from the

Rule

It is a good way to start an answer and it also triggers the

right thoughts for continuing

forward. It also settles one critical

issue, how to start an answer.

Common Rules: Rule 2:

Answer in

bullets or

point-wise.

The rule is better applied to long answer

/ difference Q’s.

Common Rules : Rule 2

Benefit from above:

Each point gets

you marks.

Your

answer appears mor

e structured.

Chance of

missing

a point is reduced.

Common Rules: Rule 3:

Always answer

your best

question first.

Many great manageme

nt guru’s have

emphasized “always put your best foot forward”

Common Rules: Rule 3

This rule is toughest to implement, but

makes a lot of difference.

Above means the following steps

need to be followed:

Read question paper

thoroughly.

Prepare your inventory of questions.

List them from Best to Worst.

Remember Q.1 need not be

Answer 1

Common Rules: Rule 4

Answer in crisp

and concise langua

ge.

Use short sentences.

Success StrategyFailing to Plan is Planning to Fail

Main Focus Areas

Data Storage, Retrieval and Data Base Management System.

Computer Networks & Network Security.

Internet & Other Technologies.

Introduction to Flowcharting.

Practical Problems of Flowcharting & Decision Tables

Flowcharting & Decision Tables

Logic •Flowcharting

Logic – All Eventualities

•Decision Tables

General Tips

Know Your Syllabus

Carefully Review SyllabusUnderstand linkages between chapters at

Macro Level

Plan Your Study

Make a study plan covering entire syllabus

Decide Time Allocation/ Week

Periodical Review of Preparation

Always assess your preparation periodically,

say on Fortnightly/ Monthly basis.

Revise your plan and allocate more time for the Subjects in which you feel

Deficient.

Study Strategy

Read Each chapter slowly to ensure that you

understand and assimilate the main concept.

Recapitulate the main concept of each chapter

by way of brief notes.

General Tips

One should Definitely go through the Practice Manual this will help in understanding the language to be used and the content required to answer in the examination.

Always Try to attempt past year examination question papers under examination conditions.

Repeatedly read through the text along with your notes carefully.

Try to remember the definitions and important aspects of the related topics.

How to Answer in Exams?

Plan your time so that equal time is awarded for each mark. Keep Sometime for revision as well.

Always attempt to do all questions. Remember that Six average answers fetch more marks than five best answers. Therefore, it is important that you must finish each question within allocated time.

In case question is not clear, you may state your assumptions and then answer the question.

While writing the essay type questions, try to make sub-headings so that it catches examiner’s eye. In case of case study, be very precise and write your conclusion in a clear manner.

Thank You…Wishing you all the very best !