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Friday, 10 February 2017

HOW TO ANSWER CASE BASED QUESTION IN ACCOUNTING STANDARDS AND AUDITING STANDARDS AND LAW FOR CA IPCC AND FINAL

|HOW TO | ANSWER| ACCOUNTING STANDARD| AUDITING STANDARDS |LAW | BASED | QUESTIONS | ACCOUNTS | LAW |AUDITING | IPCC |FINAL|EXAMS

HOW TO WRITE ANSWERS IN EXAMINATION
CA FINAL IPCC PRESENTATION TIPS FOR CASE BASED QUESTIONS

We have regularly been requested by to students on HOW TO PRESENT CASE BASED QUESTIONS.




Problems which students of CA IPCC and FINAL face are that they know the answers but are not able to express it adequately in writing thereby not scoring good marks.If we generally observe on an average, ICAI asks  3-35 marks paper from accounting standard in CA IPCC and CA Final Accounts exam.
AND around 50-60 in CA IPCC and Final  LAW exams.

Today we are sharing Presentation tip for CA IPCC FINAL law audit and accounts exam.

HOWTO WRITE CASE BASED ANSWERS IN LAW ACCOUNTS AUDIT EXAMS OF CA IPCC AND FINAL EXAMS


First para of the answer:

It will relate to relevant authority

  • Authority as in Accounting standard, Auditing Standard, law there name and  number
  • Example: As per Accounting Standard 26 or As per SA 230 or As per Companies Act 2013
  • In next line, you should mention the relevant Para number of AS or section In law
  • The fact of authority: Next Line will be the part of accounting standard, auditing standard or Law section which relates to question. Because generally, questions come from a part of As, SA, or Section Example: As per Para 26 of AS 26 or As per sub-section 3 of section 133
  • write the text of relevant para or section

The second para will relate to facts of case given in question with relevant authority



Example: Accountant / Auditor/Manager of company ABC is of the view or has been treating 



Third Para conclusion with combining para 1 and 2


what AS/SA/LAW says and what company has done in para 2 and whether they are correct or not.

Fourth Para: 


This will only come in few questions having the alternative  solution: Some questions are drafted in the way that they don't provide full information. In that case, you have to put assumption if a company has done this then para 3 conclusion if Company has not done this then para 4 conclusions.


TIPS FOR PRESENTATION FOR CA EXAMS



  1. Leave two line after each paragraph above, 
  2. Give more spacing so as to make reading easier and fast by the  ICAI checker.
  3. Always underline the important parts like para number or text on which answer is based.
Generally, ICAI Checker does not have spare time most probably he will read the underline part and will award marks.

Students who followed these presentation tips got 4 marks awarded out of five.


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