Chartered Accountancy Notes and Important Topics: 2014

ISCA SUMARY NOTES FOR MAY 2015 CA FINAL

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CA IPCC ETHICS AND COMMUNICATION NOTES WITH MNEMONICS

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In ca ipcc law exam this topic is key to pass.
Its easy no concept at all just plain vanilla reading and little cramming you can easily score 20 to 25 marks.
So students should see this topic as opportunity rather than obligation.
Students can refer these notes for ethics and communication topic these are strictly as per icai module.

IF you guys have any query or have any suggestion for us, please write it in the below comments, it will be highly appreciated. Also give your valuable feedback about the page and the post. If you have trouble downloading inform us by commenting below, we will try to solve the problem as soon as we can.

CA IPCC SYUDENTS CAN ALSO SEE
1. CARO 2016 VIDEO LECTURE WITH MEMORY TECHNIQUE
2. CA IPCC TAX AMENDMENTS NOV 2016
3. HOW TO REMEMBER STANDARDS OF AUDITING MEMORY TECHNIQUE
4. CA IPCC AUDIT AMENDMENT NOV 2016
5. CA IPCC TAX NOTES NOV 2016
6. CA IPCC ACCOUNTS FULL NOTES
7. CA IPCC AUDIT EASY NOTES
8. CA IPCC ITSM LATEST NOTE

CA FINAL Income Tax Fast Track Quick Revision

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Few days are left in CA Exams and its crucial to do revision from short and easy notes. The main concern students have is how to cover Income Tax in such short period so as to give time to other subjects as well. CA GYAN GURU is now presenting you its another Fast Track revision notes of Income Tax (earlier we published IT Fast Track Notes), these notes are prepared by CS K.K.AgrawaL

If you guys have any query or have any suggestion for us, please write it in the below comments, it will be highly appreciated. Also give your valuable feedback about the page and the post. If you have trouble downloading inform us by commenting below, we will try to solve the problem as soon as we can.

CA SERVICE TAX NOTES IN ONE PAGE

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Friends, today I have come with the Important notes of Service Tax in one page. In this post you can download the 100% free notes of 50 mars taxation paper of ca final stage of Chartered Accountancy Course. These notes are exclusively amended for the november 2014 exams. All the relevant amendment are incorporate in this file.

At last day this one page file wil ensure 50 marks worth of revision in few minutes thereby reducing pressure. Hope you find it usefull

CA Final 45 Sections of Companies Act 2013 notes – Munish Bhandari Sir

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Lots of students were asking on our FB Page for the notes of the sections applicable in November 2014 of new Companies Act.

So here i am giving you the notes of those 45 sections of Companies Act 2013 which will be applicable in CA Final November 2014 Exams (Rest companies act 1956, will be applicable)

If you guys have any query or have any suggestion for us, please write it in the below comments, it will be highly appreciated. Also give your valuable feedback about the page and the post. If you have trouble downloading inform us by commenting below, we will try to solve the problem as soon as we can.

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Financial Reporting Notes For CA Final Students

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ICAI has compiled notes of CA Final Financial Reporting for November 2014 Exam Onwards. The Notes are complete and are in simple and easy language. The Financial Reporting Notes are based on CA Final New Course. The Chapters are :

ACCOUNTING STANDARDS AND GUIDANCE NOTES
INTERNATIONAL ACCOUNTING STANDARDS, INTERNATIONAL FINANCIAL REPORTING STANDARDS, THEIR INTERPRETATIONS AND US GAAPs
CORPORATE FINANCIAL REPORTING
ACCOUNTING FOR CORPORATE RESTRUCTURING
CONSOLIDATED FINANCIAL STATEMENTS OF GROUP COMPANIES
ACCOUNTING AND REPORTING OF FINANCIAL INSTRUMENTS
SHARE BASED PAYMENTS.

ISCA Important Topics for November 2014

LINK TO THE IMPORTANT QUESTIONS

Paper 6: Information Systems Control and Audit
[One paper: Three Hours – 100 marks]

Level of Knowledge :

Advanced knowledge.

Objectives:

To gain application ability of necessary controls, laws and standards in computerized Information system.

(a)	Information Systems Controls
	Need for control
	Effect of computers on Internal Audit
	Responsibility for control – Management, IT, personnel, auditors
	Cost effectiveness of control procedure
	Control Objectives for Information and related Technology (COBIT)
(b)	Information Systems Control Techniques
	Control Design: Preventive and detective controls, Computer-dependent control, Audit trails, User Controls (Control balancing, Manual follow up)
	Non-computer-dependent (user) controls: Error identification controls, Error investigation controls, Error correction controls, Processing recovery controls
(c)	Controls over system selection, acquisition/development
	Standards and controls applicable to IS development projects
	Developed / acquired systems
	Vendor evaluation
	Structured analysis and design
	Role of IS Auditor in System acquisition/selection
(d)	Controls over system implementation
	Acceptance testing methodologies
	System conversion methodologies
	Post implement review
	Monitoring, use and measurement
(e)	Control over System and program changes
	Change management controls
	Authorization controls
	Documentation controls
	Testing and quality controls
	Custody, copyright and warranties
	Role of IS Auditor in Change Management
(f)	Control over Data integrity, privacy and security
	Classification of information
	Logical access controls
	Physical access controls
	Environmental controls
	Security concepts and techniques – Cryptosystems, Data Encryption Standards (DES), Public Key Cryptography & Firewalls
	Data security and public networks
	Monitoring and surveillance techniques
	Data Privacy
	Unauthorised intrusion, hacking, virus control
	Role of IS Auditor in Access Control

Audit Tests of General and Automated Controls

(a)	Introduction to basics of testing (reasons for testing);
(b)	Various levels/types of testing such as: (i) Performance testing, (ii) Parallel testing, (iii) Concurrent Audit modules/Embedded audit modules, etc.

Risk assessment methodologies and applications:

(a) Meaning of Vulnerabilities, Threats, Risks, Controls, (b) Fraud, error, vandalism, excessive costs, competitive disadvantage, business, interruption, social costs, statutory sanctions, etc. (c) RiskAssessment and Risk Management, (d) Preventive/detective/corrective strategies

Transfer pricing

(a) Fundamentals of BCP/DRP, (b) Threat and risk management, (c) Software and data backup techniques, (d) Alternative processing facility arrangements,(e) Disaster recovery procedural plan, (f) Integration with departmental plans, testing and documentation, (g) Insurance

An over view of Enterprise Resource Planning (ERP)

Information Systems Auditing Standards, guidelines, best practices (BS7799, HIPPA, CMM etc.)

Drafting of IS Security Policy, Audit Policy, IS Audit Reporting – a practical perspective

10.

Information Technology Act, 2000

IPCC Taxation Amendments For November 2014

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The New Syllabus for IPCC Taxation is :

Part I: Income-tax (50 marks)
1. Important definitions in the Income-tax Act, 1961
2. Basis of charge; rates of taxes applicable for different types of assessee
3. Concepts of previous year and assessment year
4. Residential status and scope of total income; Income deemed to be received / deemed to accrue or arise in India
5. Incomes which do not form part of total income
6. Heads of income and the provisions governing computation of income under different heads
7. Income of other persons included in assessee’s total income
8. Aggregation of income; set-off or carry forward and set-off of losses
9. Deductions from gross total income
10. Computation of total income and tax payable; rebates and reliefs
11. Provisions concerning advance tax and tax deducted at source
12. Provisions for filing of return of income.

Part II: Indirect Taxes (50 marks)
Objective:
To develop an understanding of the basic concepts of the different types of indirect taxes and to acquire the ability to analyse the significant provisions of service tax.
1. Introduction to excise duty, customs duty, central sales tax and VAT – Constitutional aspects, Basic concepts relating to levy, taxable event and related provisions
2. Significant provisions of service tax
(i) Constitutional Aspects
(ii) Basic Concepts and General Principles
(iii) Charge of service tax including negative list of services
(iv) Point of taxation of services
(v) Exemptions and Abatements
(vi) Valuation of taxable services
(vii) Invoicing for taxable servicesPage 11 of 17
(viii) Payment of service tax
(ix) Registration
(x) Furnishing of returns
(xi) CENVAT Credit [Rule 1 -9 of CENVAT Credit Rules, 2004]

CARO easy way To Remember

Easy way to remember caro..in kahaani style as a student myself these kahani used to really hep me in exams

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CA Final Allied Laws Notes

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Guys from here you can download the CA Final Allied Laws Notes. There are no changes in Allied Laws. The Notes contains these acts :

The Securities and Exchange Board of India Act,1992
The Securities Contracts (Regulation) Act, 1956
The Foreign Exchange Management Act, 1999
The Competition Act, 2002
Interpretation of Statutes, Deeds and Documents

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IDT Excise Latest Notes by Manoj Batra

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Guys from here you can download the IDT Excise Latest Notes by Manoj Batra really amazing with lots of graphics. The notes are really easy and important topics are covered in the notes. The Paragraphs are divided into small points to make it easy to learn.

Revised Schedule VI Handwritten Notes – Parveen Sharma

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IPC Law New 53 Section Notes for November 2014 Exams

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The main thing students now a days are looking for is the notes of those 53 sections of new companies act which will be applicable in IPC November 2014 Exams. Mainly company law paper will come from old companies act 1956, because there are only some changes that are made applicable from companies act 2013.

Well here i am giving you IPC Law New 53 Section Notes for November 2014. These notes are made from exam point of view and are in really simple language.

HOW TO APPLY FOR REVALUATION FOR CA IPCC/FINAL EXAMS

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Cost FM All Formulas (Handwritten) Notes for ca ipcc

|CA IPCC COSTING AND FM NOTES |DOWNLOAD | FORMULA NOTES PDF|MAY NOV 2017|

COSTING FM FORMULA LIST DOWNLOAD PDF

Cost FM All Formulas:

Topics Covered :

Operating Costing
Overheads
Joint and By-product Costing
Marginal Costing and Absorption Costing
Reconciliation
Standard Costing
Process Costing
Cost Sheet
Contract Costing
Labor Costing
Integrated and Non-Integrated
Material
Capital Budgeting
Capital Structure
Cash Flow Statement
Cost Of Capital
Debtors Management
Fund Flow Statement
Leverages
Ration Analysis
Working Capital Management
Important Theory Questions Of Costing (With Answers)
Important Theory Questions Of Financial Management (With Answers)\

IMPORTANT NOTICE- ALL NOTES SHIFTED TO BLOG

DUE SOME SITE MANAGEMENT ISSUES ALL NOTES HAVE BEEN SHIFTED

HERE

All accounting standard notes for ipcc and final students

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CA IPCC/FINAL 3 MONTHS REVISION SCHEDULE

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CA IPCC NOTES ON CENTRAL SALES TAX

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CA IPCC AMENDMENTS FOR NOV 2014

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COMPANY ACT AMMENDMENTS APPLICABLE FOR NOV 2014 CA

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CUSTOM EASY NOTES FOR CA/CS STUDENTS

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EXCISE & CENVAT EASY NOTES FOR CA STUDENTS

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IDT SUMMARY NOTES OF DEEPAK GUPTA SIR FOR CA FINAL

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CA FINAL STUDENTS CAN ALSO CHECK

1. CA FINAL FINANCIAL REPORTING IMPORTANT TOPICS

2. ISCA IMPORTANT TOPICS

3. CA FINAL AUDIT AMENDMENTS

4 CARO 2016 VIDEO LECTURE WITH MEMORY TECHNIQUE

5. FEMA VIDEO LECTURE

6. CA FINAL IDT LAST MINUTE REVISION NOTES

7. CA FINAL LAW IMPORTANT TOPICS

AMENDMENTS IN LAW FOR NOVEMBER 2014 FOR CA STUDENTS

HERE IS THE DOWNLOAD LINK TO NEW SECTIONS OF COMPANY ACT2013 APPLICABLE FOR CA FINAL LAW EXAMS

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HOW TO REMEMBER SECTION IN LAW FOR CA/CS STUDENTS- MEMORY TECHNIQUE

Memory Technique to Remember section Number

Our brain cannot remember useless and meaningless stuffs. (Normal human brains .

Hence, the technique of converting numbers into meaningful words is important to learn.

Step 1: Lets assign letters to all the numbers from 0 to 9

Number	Letters Assigned	Reasons of assigning the Letter
1	S, D	Maximum spelling starts with S and D and maximum number of sections will have 1 used in the section number
2	N, V	These letters are made of two pointers pointing down or up
3	M, W	These letters are made of three pointers pointing down or up
4	R	Spelling of 4 consist of R in it
5	L	Roman letter for the number 50
6	C, J	C is somewhat similar in shape with 6, J is sort of mirror image of C
7	F, T	Similarity of shapes
8	B, G	Similarity of shapes . G is small letters looks like g (8)
9	P, q	Similarity of shapes. P is mirror image of 9 and q looks like 9
0	Z, X	Spelling Zero and Roman ten (X)

Step 2: Convert a number into words by using above letters and filling up any of vowels (a, e, i, o, u, y, h). H and Y are used as joiners because many spellings become complete by using them. Hence they are not assigned to any digit in the above table.

Step 3: Connection between the section and the word created out of section number. Please remember to form a funny association and make the connection as weird as possible. Wherever possible, create a picture of your own imagination.

Now take some examples of using the above technique.

Ex. No.	Section Number and Matter involved	Creation of Word	Connection of Word and the Matter under consideration	How to Get what you Want in Exams.
1.	Section 185 of Companies act 2013 pertains to Provisions relating to Loans to directors.	1 = D, S 8 = B, G 5 = L	The word double has to be connected with the matter of the section, i.e. Loans to Directors. A simple association can be said as “When you give loan to director, it will result in DouBLe penalty”	The moment you come across the phrase Loan to Directors under Companies Act, 2013, you will remember the word ‘Double’, the word when reconverted into digits gives you 185. You will write, as per section 185.
2.	Section 73 of Companies Act, 2013 – Acceptance of Deposits	7 = F, T 3 = M, W	I could think of FM. Connection – Acceptance of Deposit by company they are giving advertisement in radio mirchi (which is FM Radio)	The connection between deposit, radio mirchi, FM will remind you of reverse of FM i.e. 7, 3 = 73. Section 73.
3.	Annual General Meeting Section 96	9 = P, Q 6 = C, J	I could think of the word PJ, you will create a picture of annual general meeting where people are cracking PJs (PJ is popular short form of Poor Jokes). People are laughing loudly.	The connection of AGM and PJ is set. Now, when you think of AGM, you will remember the scene and you will remember PJ. You know what P and J stands for. 9 and 6. Section 96
4.	Register of Members Section 88	8 = B, G 88 = BB or GG or BG or GB	What I could think of is as follows. In register of member, company has entered names of their BBs also. (BB = Wife)	The funny association of register of members, their names and their BB name connects u to the number 88.
5.

While preparing the words out of sections, please make sure that as far as possible, make a word which can be pictured. Mind remembers in pictures. That’s why you remember movies easily, while you forget the economic theories.

In example no. 1 above, I gave very simple connection of giving the loans resulting in double penalty. But, the moment you start imagining in weird pictures, you are likely to remember easily. For example, if I would have said that if you give loan to Director or his related party, Shareholder comes and Slaps you on both of your cheeks. (DOUBLE SLAP). In this example, likeliness of remembering is more. Whenever you see cow on the streets, you don’t notice or don’t remember, but if some day you see a PINK color cow, you will remember the whole day or probably whole life that you had seen a PINK cow. Same is the case with the brain, it remembers the extra ordinary matter easily.

At last day this one page file wil ensure 50 marks worth of revision in few minutes thereby reducing pressure. Hope you find it usefull

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Paper 6: Information Systems Control and Audit [One paper: Three Hours – 100 marks]

Level of Knowledge :

Objectives:

Contents:

The New Syllabus for IPCC Taxation is :

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|CA IPCC COSTING AND FM NOTES |DOWNLOAD | FORMULA NOTES PDF|MAY NOV 2017|

Cost FM All Formulas:

Topics Covered :

Operating Costing

Overheads

Joint and By-product Costing

Marginal Costing and Absorption Costing

Reconciliation

Standard Costing

Process Costing

Cost Sheet

Contract Costing

Labor Costing

Integrated and Non-Integrated

Material

Capital Budgeting

Capital Structure

Cash Flow Statement

Cost Of Capital

Debtors Management

Fund Flow Statement

Leverages

Ration Analysis

Working Capital Management

Important Theory Questions Of Costing (With Answers)

Important Theory Questions Of Financial Management (With Answers)\

Paper 6: Information Systems Control and Audit
[One paper: Three Hours – 100 marks]