Sunday, 18 May 2014

CA final Important topics for may 2014


Tips and Suggestion for CA FINAL
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Note: Remember All topics are Important
in CA.. Dese are only selected topics which
have more chances to come in exams..
Paper 1: Financial Reporting
1. start wid some Imp AS first which is
Imp.. - AS 2, 15 ,16 ,22 ,28 ,30 ,31 ,32
2. Practice sums on Consolidation from
Practice manual
3. Share Based Payments... 1 Sum on
ESOP is likely to come
4. practice Valuation of Goodwill.
5. After all dese, den come again over AS
which are left so as to maintain balance
between chapters and AS.. Den
Amalgamation. AMalgamation is Big
chapter BUT it is very easy so kip it in last.
Paper 2: Strategic Financial Management
1. Leasing is important. Dividend Policy-
using MM Theory, Bond Valuation,YTM,
Portfolio- CAPM,APT, sharpe index is not
so imp but it is advisable to have look
once on it.
2. How to Hedge Currency Risk, Swaps,
how to calculate value of call/put option,
Decision Making Sums in Capital Budgeting,
Capital Rationing, Sums on Factoring
Paper 3: Advanced Auditing and Ethics
1. Start wid Ethics Portion First.. it is very
easy and scoring.. 16 marks are very easy
to score...
2. Do some Imp SA first : Representations
By Management, Audit using the work of
Expert, Analytical procedures, Auditor's
responsibility relating to Fraud, Identifying
and Assessing the risk of material
Misstatement, External confirmations,
Subsequent events.
3. den do CARO, Peer review, Cost Audit
4. den proceed wid sum practical topics
like Audit of Insurance companes, banks..
In these chapters, dont spend more
times.. Just complete wid thorough reading
and remember the common points only...
5. Again continue wid SA.. it will help u to
maintain balance between chapters and
6. To fetch More marks, try to give
reference to AS,CARO, SA and companies
Act in all practical case studies... it will
give u more marks.. Giving u example..
Like any case come relating to Related
Parties Transaction.. u can give reference
of AS 18, Caro also covers 1 Point, Give
refernce of SA. Also Companies Act states
provision about Related parties. Now
Compile ur answer together.. It will really
fetch gud marks. Hope u all get it my
Refer Surbhi Bansal Mam's Book for
Paper 4: Corporate and Allied Laws
1. Directors are Important. it will cover
around 30-35 marks. Any portion can be
asked. so study in full
2. 1 case law on Oppression and
3. Now complete wid Banking Act, FEMA
4. Do this Question- Obligations of Banking
companies under Prevention of Money
laundering Act.
5. u have to balance company law and
Allied law.. Refer Munish Bhandari for
Law.. Best Book..
Paper 5: Advanced Management
1. Complete with QT portion first. it is
very easy and scoring too.. Network,
Linear Programming are favourite chapters
of icai.
2. Try to solve sums from practice manual.
important chapters- standard Costing,
Marginal Costing and Transfer pricing.. Rest
chapters r also imp But 1st do dis.. Try to
make chapters conceptually strong as
unlimited sums r der.. so only solving will
not help u out.. Solve practice manual and
RTP..No extra books required for Costing..
Paper 6: ISCA
1. Again favourite Subjects of all of urs....
Best Reference book is Dinesh Madan But i
will advice u to do from ICAI Studymat
only.. Important chapters are- IT ACT, Risk
Assessment Methodologies, BCP, PIR
(ch-3), SDLC (ch-2), System Requirement
Analysis(ch-2), COBIT, Systrust and
webtrust (ch-8), HIPAA (ch-8)
2.ERP- why needed? features,
implementation guidelines, post
implementation effect
3. Also Cover all questions given in RTP for
may 13, nov 12 and may 12..
1. Cover all Amendments First
2. case laws issued by ICAI. may 13, nov
12 and may 12 cases r equally important
provided by icai
4. TDS
5. Now do PGBP. it is lenghty but easy..
solve from practice manual. sec
28(chargeability), sec 35AD, sec40A(2),40A
(3),43B, PTS. Sums on LLP must do..
6. now do Wealth will fetch 10
7. now do small chapters like Setoff,
clubbing, DTAA
8.Then start wid CG.. again big chapters..
9. Remember Tax is very lengthy and it is
not possible to do all chapters and all
sums. so manage ur time accordingly and if
not possible to do all sums, leave it, just
have a knowledge on subject matter..
Concept should be clear
Paper 8: Indirect Tax
1. Cover all Amendments First
2. case laws issued by ICAI. may 13, nov
12 and may 12 cases r equally important
provided by icai
3. Complete POT first, den start wid
Service tax. scoring and easy.. I will advice
u to do VAT 1 day before exam. as it is
very easy. so dont spend much time on
VAT. Give 4 hrs to VAT only before exam
day. it is enough.
4. Practice sums on SSI,Cenvat credit,
Customs Valuation, VAT.
1. Dont learn Section Numbers as it is not
important but once u give wrong number,
u will be awarded 0 Marks and there is no
extra marks on section number.
2. For Tax, If u dont remember the name
of case study, write ur answers without
giving the name BUT dont give wrong
name to case law.
3. All above provided tips and suggestions
may vary according to ur capability and
time management. and these are only
selected topics. Remember all topics and
every chapters are important in CA.
Manage ur time accordingly..
4. 10 days go for March only. Kip Only
revision time for April. All those whose
exams will be in MAY 13 are requested to
logout from facebook for 2 mths.. it will
save ur 6 mths...
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WISH U GUD LUCK for ur exams...