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Dear All,

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CA FIRMS LIST DETAILS
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Regards
RG

CA IPCC PAST YEARS PAPERS

6:31 AM

harsh3170

CA IPCC PAST YEARS PAPERS DOWNLOAD

Suggested Answers - May 2011 - Integrated Professional Competence Course [IPCC]

GROUP - I
Accounting

buss laws and communication

costing and fm

taxation

Summary of Examiners’ Comments

GROUP - II

ADVANCED ACOUNTING

AUDITING

INFORMATION TECHNOLOGY AND STRATEGIC MGMT.

Summary of Examiners’ Comments

CS FOUNDATION PAST YEARS PAPERS

6:11 AM

harsh3170

CS FOUNDATION PAST YEARS PAPERS

JUNE 2011

ENGLISH AND BUSS. COMMUNICATION

ECONOMICS AND STATISTICS

FINANCIAL ACCOUNTING

BUSSINESS LAWS AND MGMT.

JUNE 2010

ENGLISH AND COMMUNICATION

ECONOMICS AND STATISTICS

FINANCIAL ACCOUNTING

BUSSINESS LAWS AND MGMT

Tuesday, November 29, 2011

Few Tips to overcome exam. anxiety

11:17 PM

harsh3170

Few Tips to overcome exam. anxiety

Make a time table for a regular study or revision of minimum 6-8 hours daily.

Do not study at a stretch, take a few minutes break.

Time management is very important. Learn to time yourself simulate examination situations while practicing.

Writing practice should be done by solving different questions.

Relaxation-practice deep breathing , yoga or any other relaxation technique to improve concentration.

Quickest and most effective way of eliminating stress is to shut down your eyes and take deep breaths.

As far as possible continue with the normal routine of sleeping and eating .
A balanced diet will boost energy.

Regular and moderate exercises reduce stress by relaxing tensed muscles.

Take help of the teachers and parents from time to time.

Believe in yourself and prepare well.

Never fear exams, avoid panic.and most important, do not worry about your results. Give your best shots and move over.

10:11 PM

harsh3170

Sunday, November 27, 2011

Requirements for becoming a Chartered Accountant

8:16 AM

harsh3170

Requirements for becoming a Chartered Accountant

Under the existing chartered accountancy scheme of education, training and examination, the requirements for becoming a chartered accountant are as follows:

(i) Enrol with the Institute for Common Proficiency Test (CPT) after passing class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.

(ii) Appear in CPT after appearing in the senior secondary examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto and after completion of specified period (60 days) from the date of registration for CPT with the Board of Studies as on the first day of the month in which examination is to be held, viz., students registered on or before 1st April/1st October will be eligible to appear in June/December examination, as the case may be. However, candidate should pass both CPT and 10+2 before registering for Integrated Professional Competence Course (IPCC).

(iii) Enrol for Group I or Group II or for both Group I and Group II of Integrated Professional Competence Course (IPCC) to become “Chartered Accountant”.

(iv) Successfully complete 9 months of study course from the date of IPCC registration.

(v) Successfully complete Orientation Course of one week spanning 35 hours and covering topics, such as personality development, communication skills, office procedure, business environment, general commercial knowledge, etc., before commencement of articled training.

(vi) Successfully complete 100 hours Information Technology Training (ITT) before commencement of articled training.

(vii) Appear and pass Group I as well as Group II of Integrated Professional Competence Examination (IPCE). Group I is composed of four papers and Group II is composed of three papers.

(viii) Register as Articled Assistant for a period of 3 years, on passing either Group I or both the Groups of IPCE.

(ix) Register for CA Final Course and prepare for CA Final Examination.

(x) Undergo General Management and Communication Skills (GMCS) (15 days) course while undergoing Final Course and serving the last 12 months of articled training.

(xi) Complete 3 years period of articled training.

(xii) Appear in the Final Examination on completion of the practical training or while serving last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be held.

(xiii) Pass final examination and complete GMCS, if not completed earlier.

(xiv) Enrol as a member of ICAI and designate as “Chartered Accountant”.

Saturday, November 26, 2011

Applicability of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

8:49 PM

harsh3170

Applicability of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

SEBI vide its Notification No. LAD-NRO/GN/2011-12/24/30181 dated September 23, 2011 notified the New SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 replacing the Takeover Regulations namely SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997.

A copy of the new Takeover Regulations is uploaded on the Home page of ICSI Website under the head ‘From the Government/ Regulators’ for reference.

Students are advised to note as under

For December 2011 Examination SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 shall be applicable.
For June, 2012 Examination SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 shall be applicable.

New Syllabus & OMR based exam for the CS Foundation Program soon

8:43 PM

harsh3170

2 comments

The ICSI has decided to introduce New Syllabus & OMR based (Objective Type Multiple Choice Questions) for the Foundation Programme under new Syllabus w.e.f. December, 2012 examination. Please read below – Source: ICSI President Message Nov 2011:

New syllabus for Foundation Programme

The Foundation Programme being the entry level to the Company Secretaryship Course and gateway to the profession of Company Secretaries, based on the feedback received from various stakeholders the Syllabus Review Committee has completed the formulation of detailed contents of the Foundation Programme. I am pleased to inform you that the Council of your ICSI has approved the new syllabus for the Foundation Programme.

OMR based Examination for Foundation Programme

Keeping in view the tech-savvy new generation and with a view to leverage the information technology, the Council of the Institute has decided to conduct Optical Mark Recognition (OMR) based Examination (Objective Type Multiple Choice Questions) for the Foundation Programme under new Syllabus w.e.f. December, 2012 examination. The Council further decided that the students pursuing Foundation Programme under the existing syllabus would be given two attempts to complete the Foundation Programme. The students under existing syllabus may exercise their option to switch/ change over to new syllabus wherein no exemptions will be available against their performance in previous session(s) of examinations under existing syllabus. Further, the last examination for the Foundation Programme under the existing syllabus would be held in June, 2013 and from December, 2013 session onwards all students under the existing syllabus will automatically be switched over to OMR based examination without any exemption

Wednesday, November 23, 2011

WRITING STYLE FOR EXAMS

10:26 PM

harsh3170

A very good evening to all .......
I know this question is somewhat critical .In addition , U gonna think me, a stupid one ...waise koi fark ni padta ...wo to m pehle se hi hu.
Ok , let's get into the main question which is still sauntering in my mind . So I thought to ask it from everyone in CCI. what should be the writing style in paper ....
I am asking all this because in my school days my teacher never asked me to cram. And in non college their is also no such special rules regarding studies. Dil kiya to class li ....ni to kiska kya jata h ... I am doing self study since my 10th class.I never had any study issues..as because what marks,I wanna achieve...I've got them. Sometimes , My frns used to taunt me that I really don't know the proffessional standards...... How to write an answer in exam. My writing style has quite conventional as because u can't learn everything sitting at home . So , I wanna know the real logic behind their this sentence.

well , what's problem in understanding their view point also ..... So really wanna know my stupid q answer ....
fine ....I know many person have d same background. And , they gonna say ...we r nt facing any such problem. well M facing this problem ...So I really want an apt answer .So , here m including an example.......

Interlocutory orders....
Power to order intrim sale.
The court may, on the application of any party to a suit order the sale, by any person named in such order , and in such manner and on such terms , as if thinks fit, of any movable property , being the subject matter of such suit , or attached before judgement in such suit , which is subject to speedy and natural decay , or which for any other just or sufficient cause it may be desirable to be sold at once. ( Rule 6)

my ans would be ....
Rule 6 defines the power to order Interim sale. The court can order the sale on the application of any party in relation to movable property or the subject matter of the suit , which can be lose its value after time . And it will be just and sufficient cause that it should be sold at once.

I am just asking this question to all of you because you already know my writing style.
And I am confused because s.he knows my life style.
And yes, last but not the least.........
My frns are really caring . So don't say just ignore their wordings. Because , even I know ..... There is much more room for improvement

STAGE 3: Professional Programme

6:18 PM

harsh3170

The Last Stage of the CS Education is the Final Programme. It is only after the clearance of the Executive Programme that a student can enrol for the Professional / Final Programme.

There are Four Modules with Two Papers each in the Professional / Final Programme:

MODULE I
Company Secretarial Practice
Drafting, Appearances and Pleadings

MODULE II
Financial, Treasury and Forex Management
Corporate Restructuring & Insolvency

MODULE III
Strategic Management, Alliances and International Trade
Advanced Tax Laws and Practice

MODULE IV
Due Diligence and Corporate Compliance Management
Governance, Business Ethics and Sustainability

STAGE 2: Executive Programme

6:18 PM

harsh3170

The Second Stage of the CS Education is the Executive Programme. Candidates who have passed the Foundation Programme or are eligible for exemption from the Foundation Programme (and are not less than 17 years of age) can register for the Executive Programme.

There are Two Modules with Three Papers each in the Executive Programme:

MODULE I
General and Commercial Laws
Company Accounts and Cost & Management Accounting
Tax Laws

MODULE II
Company Law
Economic, Labour Laws
Securities Laws and Compliances

EXEMPTION FROM INDIVIDUAL PAPERS
The ICSI follows a method of Exemption under which a student need not appear for a certain paper, if he / she meet the required criterion.

The following Paper-wise exemption is available on the basis of qualifications mentioned under each paper subject to the condition that the candidate should have obtained 50 pc or more marks in the aggregate in the examination on the basis of which the exemption is claimed:

1. General and Commercial Laws
M.A./ M.B.A. (Company Secretaryship) or Degree in Law (three years or five years integrated) from a recognized University/ Institute either constituted under an Act of Parliament or approved by AICTE.

2. Company Accounts and Cost & Management Accounting
M.A (Corporate Secretaryship)/ M.Com./ M.B.A (with Accountancy as one of the subjects at graduation/ post-graduation level and with full paper in Cost Accounting/Management Accounting/Financial Management at M.A ( Corporate Secretaryship)/ M.Com./ M.B.A level having secured 50 percent marks in the subject concerned) from a recognized University/ Institute either constituted under an Act of Parliament or approved by AICTE

3. Tax Laws (ITL)
M.A/ M.B.A (Corporate Secretaryship) from a recognized University/ Institute either constituted under an Act of Parliament or approved by AICTE

Additionally, a Candidate who has passed the Professional examination of the ICWAI is eligible to seek exemption from the following papers of Executive examination under a reciprocal arrangement existing at present between the two Institutes:

1. Company Accounts and Cost & Management Accounting
2. Tax Laws

STAGE 1: Foundation Programme

6:17 PM

harsh3170

The first stage of the CS Education is the Foundation Programme. This 8-month programme (excluding the months of admission and examination) can be pursued by students who have completed their 10+2 education from the Arts, Science or Commerce Stream.

There are Four Papers in the Foundation Programme:
English and Business Communication
Economics and Statistics
Financial Accounting
Elements of Business Laws and Management

ELIGIBILITY:
A. Candidates who have passed Senior Secondary (10+2) examination of a Board/University constituted by law in India or any examination recognised by the Central Government as equivalent thereto are eligible.

B. Provisional admission is allowed to a candidate who has appeared or enrolled for appearing in Senior Secondary (10+2 or equivalent) examination, provided proof of passing the examination is produced within 6 months of making the application.

C. Admission is open throughout the year by making an application in the prescribed Form FC-1 together with documentary evidence in support of date of birth and educational qualification.

D. Foundation Programme students are required to pass the Foundation examination within 3 years from the date of their admission.

EXEMPTION FROM PURSUING STAGE 1
There are some conditions under which a student need not enrol for the Foundation Programme and can directly get admitted into the Executive Programme:

1. If a student has an Undergraduate / Postgraduate Degree in CS or Commerce.

2. If a student has an Undergraduate / Postgraduate Degree in any discipline other than Fine Arts.

3. If a student has passed the Final examination of the Institute of Cost and Works Accounts of India (ICWAI) or the Institute of Chartered Accountants of India (ICAI) or any other Accountancy Institution in India or abroad recognised as equivalent by the ICSI.

As per the ICSI, students who are eligible for exemption from the Foundation Programme can seek registration as student. Such candidates before becoming eligible for undergoing coaching for the Intermediate examination are required to undergo satisfactorily a course of postal or oral tuition for those subjects of the Foundation examination which they have not studied at the graduate or post graduate level, after registration as a student.

Admission to the CS Course is open throughout the year. CS Examinations are held twice a year in June & December.

CUT-OFF DATES FOR ADMISSION INTO THE CS COURSE:
For appearing in the December Examination (in the same year): March 31
For appearing in the June Examination (in the next year): September 30

Stages / Levels in Company Secretary Education

6:16 PM

harsh3170

The Institute of Company Secretaries of India (ICSI) has three well-defined stages of education / examination in Company Secretaryship:

STAGE 1: Foundation Programme

STAGE 2: Executive Programme

STAGE 3: Professional Programme

Additionally a student needs to complete a mandatory training period of about 15 months, which he / she may opt to start after passing the Executive Programme.

WHO IS COMPANY SECRETARY???

6:15 PM

harsh3170

A Company Secretary (CS) is a professional whose role in a corporate setup is that of an advisor for Legal Matters. A Company Secretary is a very important member of the corporate management team. He/she assists the efficient management of a corporate body.

As per the Companies Act, a statutory requirement is that, “Every company having a paid-up share capital of Rs.10 Lakhs or more but less than Rs.5 crores is required to engage the services of a Company Secretary in Whole-Time Practice for issue of Compliance Certificate”.

The skills and attributes required for a company secretary is such that he/she should be accountable for efficient management of the corporate sector. The CS co-ordinates and assists various departments of the organisation, ensures compliance of company legislations and advises directors on statutory requirements of the company.

Company Secretaries are and shall be the professionals responsible to give the Country good Corporate Governance.

The Institute of Company Secretaries of India (ICSI) is the organisation responsible for coordinating the Company Secretary education in India.

Though generally, the education for CS Examinations is through the Distance Learning mode in which students are provided study material, there is also a provision for Optional Oral Coaching classes.

What does a Company Secretary do?

A Company Secretary (CS) is a professional whose role in a corporate setup is that of an advisor for Legal Matters. A Company Secretary is a very important member of the corporate management team. He/she assists the efficient management of a corporate body.

A qualified Company Secretary is competent enough to take up wide range of responsibilities in legal, secretarial, finance, accounts, personnel and administrative departments of companies or other organizations in the private and the public sector.

He / she is a legal expert who acts as the compliance officer of the Company and coordinates a host of activities including governing / management of the company.

Almost every kind of organisation whose affairs are controlled by boards or councils and other corporate structures be it a co-operative society, association, federation or statutory authority, finds it beneficial to appoint a qualified company secretary. Initially the career may begin with designation of a Junior Secretarial Officer. Depending upon the experience and hard work it can rise up to senior level positions of Company Secretary and even Finance Advisor.

Thorough and updated knowledge of Corporate Laws, Securities Laws, Capital Market and Corporate Governance, are some of the basic traits required to be a successful Company Secretary.

While a Company Secretary can aspire to get employment opportunities in government accounts or law departments, he/she can become a Chairman or Managing Director of a Company or be a part of the esteemed Board of Directors of a Company.

CA RELATED JOKES

6:03 PM

harsh3170

7 comments

1.ULTIMATE SINGHAM EFFECT: After having a fight with his article trainee....

CA: Tune kya socha tha mamuli sa CA hai, darayenge dhamkayenge, dar jayega.... patlun toh teri gili ho gayi hai?
Mai tujhe 6 months ka extension laga sakta hu abhi k abhi!
Me tuje classes jane se mana kar sakta hu abhi k abhi!!

Me tujse puri articleship vouching karwa sakta hu abhi K ABHI!!
Me tera conveyance claim reject kar sakta hu abhi k abhi....
Mai tujhe outstation audit pe kahi door gaav me bhej sakta hu ABHI. K. ABHI!
Mai teri final exam leave cancel kar sakta hu abhi k abhi!!
AB CHU CHAAP 3 SAAL TAK ROZKUTTE KI TARAH OFFICE ME AA K LOGIN KARTE REHNA......
Naahiter MAZI SATKEL!!

On 30th September, Article deletes all the data and back up and says to CA: Kuch b karne ka tha magar ek mamuli stipend wale article ka ego hurt nahi karne ka tha..... AALI RE AALI AATA MAZI BAARI AALI...!!

2.ONCE A BOY AND A GIRL WERE IN LOVE
WITH EACH OTHER...
ONE DAY...THE GIRL TRYING TO BE
ROMANTIC FORWARDED A MSG TO HER
BOY FRND...
" 5 THINGS ARE GOD GIFTED......
... 1) DAD'S LOVE
2) MOM'S CARE
3) BROTHER'S ADVICE
4) SISTER'S FIGHT
AND
WHAT ????????????????????????????
5) MAIN KISI GIFT SE KAM HU
KYA ???????????????"
THE BOY WAS STUDYING FOR HIS CA
EXAMS......HE GOT IRRITATED AND
REPLIED
"SINCE GIFT IS AN EXEMPLARY
TRANSFER u/s 47....
I WUD LYK TO TRANFER GIFT NO.5 TO
CHARITY TRUST FOR GENERAL PUBLIC
UTILITY !!!!!!!!!!!!!!!!!!!!!"

3.Thousand Words Of A Teacher Do Not Hurt
.
.
.
.
.

.
.

But
.
.

.

.
.
.

.
.

.
.
.

.
The Silence Of A Friend In The
Examination Hall Brings
Tears Into The Eyes.. :( :P :D :D xD !!

CS Exam Syllabus 2012, CS Entrance Exam, Test Syllabus, CS Foundation, Intermediate Syllabus 2012, Syllabus for CS.

5:53 PM

harsh3170

Welcome to CS Exam Syllabus 2012 Section. Here you will find CS Exam Syllabus 2012, CS Entrance Exam, Test Syllabus, CS Foundation, Intermediate Syllabus 2012, Syllabus for CS.

CS Exam Syllabus 2012:-

Different stages of CS Course will be as follows:-

1. Foundation Programme in place of Foundation Course
2. Executive Programme in place of Intermediate Course
3. Professional Programme in place of Final Course

Foundation Programme:-

1. English and Business Communication
2. Economics and Statistics
3. Financial Accounting
4. Elements of Business Laws and Management

Executive Programme:-

Module I
1. General and Commercial Laws
2. Company Accounts, Cost and Management Accounting
3. Tax Laws

Module II
4. Company Law
5. Economic and Labour Laws
6. Securities Laws and Compliances
Professional Programme

Module I
1. Company Secretarial Practice
2. Drafting, Appearances and Pleadings

Module II
3. Financial, Treasury and Forex Management
4. Corporate Restructuring and Insolvency

Module III

5. Strategic Management, Alliances and International Trade
6. Advanced Tax Laws and Practice

Module IV

7. Due Diligence and Corporate Compliance Management
8. Governance, Business Ethics and Sustainability

only 60 seconds must see

8:06 AM

harsh3170

Only for 60 seconds watch this Picture

Stare at the blue trash bag in the doorway....
for at least 60 secs, and you will see something..
really freaky. Don't cheat. You must stare at the..
blue trash for at least a minute, and then your eyes...
will adjust and you'll see it.

MEMORY IMPROVING TIPS ; DON'T MISS IT

3:26 AM

harsh3170

THIS IS A TRY TO MAKE A OVERALL DATABASE FOR CA,CS,ICWA STUDENTS.
IF YOU HAVE ANY QUERIES/SUGGESTIONS/material or any thing which make this database better, please write us on
"harsh3170@gmail.com"
So please help us to help you.....

This is a blog which is run by students for help of students.

10 Important Areas in Economic Laws Paper

12:35 AM

harsh3170

10 Important Areas in Economic Laws Paper
MOST IMPORTANT AREAS IN ECONOMIC LAWS (MODULE 2 – CS EXECUTIVE):

FEMA
IDRA with specific reference to SEZ, Small Scale Industries etc.
Environment Protection Laws, including NET, PLI Act;
Consumer Protection Act, with recent Case Laws;
Competition Act, 2002 (As amended);
IPR;
Essential Commodities Act;
Standards & Weights Act;
FCRA;
Money Laundering.
NOTE: This interpretation is based on last 5 Years Question Papers. Students are advised to cover all areas in the syllabus. Please avoid selective study approach !.

Ten DONT’s in CS Exams:

12:34 AM

harsh3170

Ten DONT’s in CS Exams:

Students are expected to NOT TO DO the following is CS Exams, which may invite low marks:

1. Quoting wrong Section Numbers;
2. Quoting wrong Years of the Act (especially in Economic & Labour Laws Paper);
3. Quoting wrong case laws; name of parties; citations;
4. Striking off lines, paras, words frequently;
5. Bad handwriting (not legible) in Drafting areas;
6. Answers in Bulk Paragraphs, and writing more general answers;
7. Showing poor knowledge in basic concepts, law and procedures;
8. Wrongly quoting Question numbers, especially sub-question numbers;
9. Poor performance in initial questions (first two or three pages in the answer sheet), and last few questions;
10. Confusing answers in practical questions; and not relating the practical question to the question facts, case laws or provisions.

10 Golden Rules to FETCH GOOD MARKS IN CS EXAMS

12:33 AM

harsh3170

2 comments

1) Study the Law conceptually;
2) Quote relevant Sections;
3) Quote relevant case laws;
4) Try to write recent case laws, though not asked;
5) Try to highlight your answers with recent Amendments;
6) Make all answers in Bullet-Points, avoid bulk paragraphs. Give an Introduction to all answers, even in problem questions;
7) Concentrate more on small marks questions; it will add to your totals, and attend ALL questions;
8)Present neatly, especially the initial answers;
9) Impress the examiner by a professional way of writing, especially in problem papers;
10) Write specific answers, dont confuse the examiner, and always use question facts.

Tips on How to Quote Case Laws in CS Exams ?

12:21 AM

harsh3170

How to Quote Case Laws in CS Exams ?
Here are few tips:

There are different ways of quoting relevant case laws, and it depends upon the question.

In Theory Question Quote the relevant case in the answer text itself, using brackets. OR write…As it was decided in……………………(case name)…..continue your answer.

DON’T GIVE CASE LAWS AS A FOOT NOTE or by WRITING PLEASE REFER CASE LAW…These are bad practices, and attract low marks.

DONT WRITE as it was decided in the Celebrated Case / Famous Case…because you dont know whether the case was celebrated or famous. You can write so only in such famous case that you know for example: Salomon & Co. (Corporate Veil) or Ashbury Case (Ultra-Vires) or Satyam Case (for Section 408 / Opression & Mis-management.

DONT WRITE CASE CITATION WRONGLY….write only if you know correctly. Because, the examiner may know the Case Citation.

WRITE CASE LAW YEAR IF POSSIBLE….but dont write wrong years…

DONT WRITE THE COURT NAME WRONGLY…Usually students write as was held by The Supreme Court in…Make sure that the particular case law is of the Supreme Court…if you are not sure…then dont write….Identify the Court..as there will be a refernce in brackets…SC (Supreme Court), Del. (Delhi High Court), Mad. (Madras High Court), Ker. (Kerala High Court)

Monday, November 21, 2011

CS Executive: Exam Preparation Tips for GCL GROUP 1

11:31 PM

harsh3170

Dear Friends,

I would like to dedicate this brief write up to the CS Executive students which is about how to perform well and score in the General and Commercial Law (GCL) subject of CS Executive course.

First we have to understand that General and Commercial Law (GCL) is a very scoring subject compare to the other subjects of CS, provided we know the exam pattern. If you use your working knowledge of General and Commercial Law (GCL) Acts which you have gained from ICSI study material with good writing skills than you can score around 70 marks in General and Commercial Law (GCL) which is very good toensure more than 50 % aggregate marks.

Kindly note – only working knowledge is enough in General and Commercial Law (GCL) with certain other facts. Reason being the acts which are there in the General and Commercial Law (GCL) Course have no such application in your professional working if you are working purely as a Company Secretary.

ROLE OR USE OF PREVIOUS YEARS’ ICSI GUIDELINES ANSWERS

General and Commercial Law (GCL) is a practical (theory based and not numerical based) paper which needs a good presentation skills.As per my suggestion use ICSI guidelines for previous 5 years to understand the method of solving practical queries. One more thing these practical queries takes very little time in exam provided you are well aware of the technique to deal with them. This is a very important point for time saving.

ROLE OF SCANNER IN GCL PREPARATION

Another important fact is that the ICSI repeatedly asked the same practical queries so in this way completion of scanner is very very important in General and Commercial Law (GCL). Use Scanner from the very beginning. It helps you to recognize which chapter is to be given preference. Prepare a list of Chapter wise frequently asked questions from the Scanner and prepare them properly.

Another useful aspect of practical queries is that sometimes they also help you to understand the theory written in study material. In other words you may use the practical queries as an example to understand the theory written in study material. Isa kehta hain ek teer do shikar. I am sure that this suggestion would be of some help.

Regarding chapters I’d like to say that start your preparation from the small chapters (page number wise). Refer the scanner at the same time to understand the scheme and importance of chapter. As per my understanding main advantage of starting with short chapters is that this trick will help you to settle your mind with technical and legal language of General and Commercial Law (GCL).

ROLE OF STUDY MATERIAL

In General and Commercial Law (GCL) you have to deal with objective questions which requires through knowledge of the subject. So keeping in view this requirement we may conclude that importance of study material cannot be denied. To deal with objective or multiple choice questions true knowledge of topic is must and which can be achieved by referring to the study material.

Treat the chapters of Cr. P.C. and C.P.C. as most interesting and knowledgeable chapters as you are going to learn about the civil and criminal law of the country. Attach a different attitude with different chapters as it’ll help you to develop an interest towards the chapter.

Make special notes for the chapter constitution of India and grab this chapter fully as this one is the most important one. Discuss some technical chapters like Indian Evidence Act with your friend for better understanding. For conventional list of important chapters use Scanner.

FEW GENERAL TIPS TO DEAL WITH GCL PRESENTATION

1. In practical problems never start your answer with Yes or No unless you are 100% sure. First mention the relevant provision and show/prove through your answer how you draw the conclusion.

One more thing if by chance you are familiar with the question (previously asked in exam) or you know the answer then start your answer with Yes or No with full confidence and prove the same with the help of analysis of provision.

2. Try and always mention the relevant section along with the provision. However, if you are not sure then avoid it.

3. Always use case laws in the exam. Prepare a special case law file especially for the preparation of the chapter constitution of India.Learn all the case laws given in this chapter.

4. During your preparation try and study everything. Everything here means each and every topic. The basic idea behind this point is that you must have something relevant to write about the given topic.

5. Try and make an effort to complete your paper 100%. In other words attempt full paper of 100 marks. You may cut the length of your answer in the end as per the availability of time.

For my ATLAS STUDY METHOD and other tips you are requested to refer my Exam Tips available at the link mentioned below:

CA FINAL TIPS - MUST READ

11:26 PM

harsh3170

I passed the CA Final exam quite unexpectedly in Nov 2010. The pass % in May 2010 was 7% which increased to 9% in November 2010. I'm pretty sure I'm part of the extra 2% of studentsthat ICAI felt bad for and let pass.

This article is meant for students who either don't have time to study, or want to work only as much as is required. If you want a rank, I have only one piece of advice : Study EVERYTHING properly and do a few mock tests under exam conditions.

First off, let me advise you not to take advice from a guy who barely just passed his exams. So don't blame me if you follow my tips and flunk. Also, I don't know much about the Old Syllabus, so I'm talking about the New Syllabus here.
I passed the CA Final exam quite unexpectedly in Nov 2010. The pass % in May 2010 was 7% which increased to 9% in November 2010. I'm pretty sure I'm part of the extra 2% of studentsthat ICAI felt bad for and let pass.

This article is meant for students who either don't have time to study, or want to work only as much as is required. If you want a rank, I have only one piece of advice : Study EVERYTHING properly and do a few mock tests under exam conditions.

First off, let me advise you not to take advice from a guy who barely just passed his exams. So don't blame me if you follow my tips and flunk. Also, I don't know much about the Old Syllabus, so I'm talking about the New Syllabus here.

Overall tips:

1. For God's sake, follow only one book (apart from study materials) for each subject. If you're currently following two books, chuck one of them. It's really not worth it. It just gets you confused and anxious.

2. Your study material is your Bible. The quality may be poor and outdated (Apparently, a good ERP package must be Y2K compatible), but your study material is what ICAI uses as a base forquestion papers. Go through the material at least once or twice now, and definitely once just before your exams. So remove it from your closet, dust it off and start reading it! You can skip the ICAI material for Auditing, DT and IDT though.

Here are the subject-wise tips:

Accounts-

I left consolidation because i knew it would come as a choice. I know, it is a very important topic but I never really attended classes and it seemed pretty complicated when I tried to study it on my own. You could try that, but it's quite a risky strategy.

There will usually be 7 questions of which you would need to answer 6. The questions would likely be as follows:

1. Accounting Standards.
2. Accounting Standards.
3. Consolidation
4. Amalgamation
5. Valuation
6. Miscellaneous topics
7. Miscellaneous topics

See your study materials for a list of miscellaneous topics. Sadly for me, I opened my study material a little too late and ended up panicking a little too much.

It's almost guaranteed that there will be a numerical from AS 30,31,32 for around 8 marks. Make sure you also study the other topics like Share Based Payments etc. These are REALLY simple topics and can end up counting for almost 30% of your paper. Also study the theory aspects.

We got a question that asked "What do you mean by valuation of liabilities?". I still can't figure out how I managed to fill one whole page for that answer. I got back home and checked mystudy material, and there it was. This question was lifted straight from the study material.

I used D.S Rawat for Accounting Standards. His book is simple, and ICAI loves to lift problems from there. MPV's book is great for understanding etc, but it's way too much to study for the exams. You can safely assume that ICAI will not go beyond what is there in Rawat's book.

Valuation is pure common sense. Use your study material as the base for this topic.

You would have studied Amalgamation in IPCC/PCC. Final is just one small step above that, so there cannot be any excuses here. You could probably get 8 out of 16 marks here just on the back of your PCC knowledge.

Auditing:

If you actually did a few audits during the course of your articleship, this paper should be fairly easy. If you did your articleship in any of the larger firms, there is absolutely no reason for you to get less than 50 here.

Good writing skills = atleast 10% more marks in this paper. My dad has a theory that the only reason I passed is because i write decently well. In a way, it could be true because my auditing paper had quite a lot of nonsense. I just rambled on and on using those auditing words and phrases like "sufficient and appropriate audit evidence" and "ensure audit comfort by addressing key assertions". I even cracked a small joke in one of the general questions. So if you have good writing skills, you are at an advantage.

Make a list of Auditing phrases like the ones i mentioned before, and keep using those phrases. Every time you need to say "evidence" in your answer, don't just write "evidence". Always write "sufficient and appropriate audit evidence".

16 marks - Ethics - This is purely conceptual, so don't waste too much time memorizing the Clause numbers. Go through the past papers and jot down points. The questions that they ask in the exam are fairly straightforward.

There are a few specific topics like Company Audits, Bank and Insurance Audits etc, so you'll need to study these properly. For the questions on Auditing Standards, you would be easily able to crack it without studying too much, provided you took your articleship seriously.

SFM:

This has got to be the easiest of all papers in terms of complexity. It's mostly common sense with some theory thrown in between.

Theory -For theory, do the past question papers first (go as far back as you can). If you are generally well informed about developments in the world economy, you can score a bonus by mentioning latest stuff along with your answer. If you have time after that, go through the study material.

For Problems- STUDY MATERIAL! - I can give it to you in writing that most of the problems will be based on study material problems. The good part is that there aren't too many problems in your study material. So do ALL the study material problems at least once. Follow your study material first and then follow your favorite author.

LAW:

Use Munish Bhandari for Directors and for problems. Use your study material for the rest.

There could be a few bouncers in law. So make sure you use your study material to cover stuff that isn't covered in Munish Bhandari (like MCA for instance).

Some of the important topics in company law (which are also small) are:
1. Directors remuneration.
2. Accounts of a company.
3. Related party transactions (part of Directors)
4. Dividends.
5. Disqualification of directors.
6. Oppression and Mismanagement.
7. Board Meetings.
8. Powers of directors.

As far as the other laws are concerned, there really is no way to figure out what may or may not come. Just touch up on everything so that you would atleast be able to make an honestattempt at an answer. Don't forget that ICAI knows that the 'other laws' are too many for too few marks, so the questions that are asked from the other laws are generally direct and important i.e. they don't get into too much detail.

Always remember that for Law, you don't need to remember Section numbers, nor do you need to remember exact words. It's enough if you understand the concept well.

COSTING:

STUDY MATERIAL- Costing, you don't need to even go beyond your study material and past papers. Of course, you can use an author's book (Ok, I know that all books have authors, but you get what I mean) for past papers since the institute doesn't really explain solutions well in the Suggested Answers.

For Theory you can expect the paper to carry atleast one question from each Chapter. By Chapter, I mean chapter as per the study material, not as per your author's book.

My predictions:
1. ABC Costing - 10 marks.
2. Marginal costing and CVP- 10 Marks.
3. Standard Costing - 10 marks.
4. Decision making- 10 marks
5. Rest of Costing - Rest of the marks.

OR will carry 30 marks of which 10 will be theory. They will likely cover all the topics even in the theory part. OR is really simple and mechanical, so there's no way you will not be able toattempt it well.

ISCA/MICS:
This has got to be the most frustrating subject in the syllabus. That's what I thought while studying for the exams. While I was waiting for my results, I had to explain to someone what an ERP was, among other computer related topics. I told him what I remembered and he was impressed that I 'knew so much'. So it wasn't a total waste, this subject!

The MOST important tip I can give you for this subject is : NEVER TOUCH ANYTHING OTHER THAN YOUR STUDY MATERIAL!

'Why? Because the person who evaluates your paper probably doesn't know much about computers, so he/she will follow the solution key which is based on the study material. Simple. So even if you write something that is absolutely correct, you probably won't get marks if it's not what appears in the solution key. So simply study what is there in your book, and be as thorough as possible. Remember as many points as possible.

Study the chapters (chapters as per the study material) in the following order to maximize your marks attempted while causing least irritation.

10,5,6,7,9,8,3,4,1,2

I know I am repeating myself but please do not touch any book other than your study material. If you do have any book other than your study material, donate it to charity immediately.

Direct Taxes:

Our future bread and butter. Statutory Audit as a function is going to soon become a non-value add (if it isn't already). Income Tax is where CA's can score over every other profession. So forget exams, you really need to be good at Direct Taxes.

But still, you first need to pass your exams. So here are tips for DT:

Use only one book. I find T.N. Manoharan's book to be comprehensive enough. I took a look at Singhania and got scared. I quickly changed my priorities from "be an expert in tax" to "it's enough if I pass the exams, I can become an expert later". So T.N Manoharan's book, although it covers less than Singhania, is MORE than enough for your exams.

The tentative break up will be like this:
Total Income problem - around 15-20 marks.
Wealth Tax - 10 marks (this is easy to score. Make sure you study the theory part of Wealth tax too, not just the valuation rules. And focus your theory study on where Wealth Tax differs from Income Tax because thats where questions will come from).
IT Authorities,Assessment, and Appeals - 15 marks.
Assessment of Companies - 10 marks.
The others will be sort of evenly spread out. e.g you can expect around 4-5 marks each from Salaries, IHP, Capital Gains etc.

Don't worry about getting into too much detail.

MOST IMPORTANT - Study the Recent Amendments and Notifications properly. Around 25-30 marks worth will be asked from there. ICAI has given you an exit option for Income tax in the form of Amendments so make sure you use it! And go through the recent case laws.

INDIRECT TAX:

This paper is the savior for all your past non-performances. Getting a 60 in this paper should be child's play.

I'm pretty sure (don't hold this against me), that your paper will be as follows. Remember, ICAI has been following a verrrrrry similar marks weightage for the New Syllabus. There's obviously no rule that they should follow the same pattern for you, but I'm just saying, if I was a betting man, I would bet that they would.

Amendments and Case Laws will cover atleast 40 marks in this paper. A full 40 marks.

So the probable weightage is:
Excise Valuation - 5 marks.
Customs Valuation - 5 marks
VAT computation - 5 marks
Service Tax Computation - 5 marks.

Even if you have never seen your book before, you can study for these 20 marks within a few hours.

CENVAT Credit - 5 marks.
SSI - 5 marks
Excise penalties - 5 marks.
VAT - another 10 marks (VAT is just some 10 pages, whichever book you follow, so it's almost like free marks).
Service Tax - another 15 marks. Here, focus on recent changes.
Case Laws will cover around 20 marks atleast.

This is just a very tentative estimate.

I can almost guarantee that this question will come - 'Name a few new services that were added recently'

Anyway, that's that. I hope this helps!

All the best for your exams Smile

Overall tips:

1. For God's sake, follow only one book (apart from study materials) for each subject. If you're currently following two books, chuck one of them. It's really not worth it. It just gets you confused and anxious.

2. Your study material is your Bible. The quality may be poor and outdated (Apparently, a good ERP package must be Y2K compatible), but your study material is what ICAI uses as a base forquestion papers. Go through the material at least once or twice now, and definitely once just before your exams. So remove it from your closet, dust it off and start reading it! You can skip the ICAI material for Auditing, DT and IDT though.

Here are the subject-wise tips:

Accounts-

I left consolidation because i knew it would come as a choice. I know, it is a very important topic but I never really attended classes and it seemed pretty complicated when I tried to study it on my own. You could try that, but it's quite a risky strategy.

There will usually be 7 questions of which you would need to answer 6. The questions would likely be as follows:

1. Accounting Standards.
2. Accounting Standards.
3. Consolidation
4. Amalgamation
5. Valuation
6. Miscellaneous topics
7. Miscellaneous topics

See your study materials for a list of miscellaneous topics. Sadly for me, I opened my study material a little too late and ended up panicking a little too much.

It's almost guaranteed that there will be a numerical from AS 30,31,32 for around 8 marks. Make sure you also study the other topics like Share Based Payments etc. These are REALLY simple topics and can end up counting for almost 30% of your paper. Also study the theory aspects.

We got a question that asked "What do you mean by valuation of liabilities?". I still can't figure out how I managed to fill one whole page for that answer. I got back home and checked mystudy material, and there it was. This question was lifted straight from the study material.

I used D.S Rawat for Accounting Standards. His book is simple, and ICAI loves to lift problems from there. MPV's book is great for understanding etc, but it's way too much to study for the exams. You can safely assume that ICAI will not go beyond what is there in Rawat's book.

Valuation is pure common sense. Use your study material as the base for this topic.

You would have studied Amalgamation in IPCC/PCC. Final is just one small step above that, so there cannot be any excuses here. You could probably get 8 out of 16 marks here just on the back of your PCC knowledge.

Auditing:

If you actually did a few audits during the course of your articleship, this paper should be fairly easy. If you did your articleship in any of the larger firms, there is absolutely no reason for you to get less than 50 here.

Good writing skills = atleast 10% more marks in this paper. My dad has a theory that the only reason I passed is because i write decently well. In a way, it could be true because my auditing paper had quite a lot of nonsense. I just rambled on and on using those auditing words and phrases like "sufficient and appropriate audit evidence" and "ensure audit comfort by addressing key assertions". I even cracked a small joke in one of the general questions. So if you have good writing skills, you are at an advantage.

Make a list of Auditing phrases like the ones i mentioned before, and keep using those phrases. Every time you need to say "evidence" in your answer, don't just write "evidence". Always write "sufficient and appropriate audit evidence".

16 marks - Ethics - This is purely conceptual, so don't waste too much time memorizing the Clause numbers. Go through the past papers and jot down points. The questions that they ask in the exam are fairly straightforward.

There are a few specific topics like Company Audits, Bank and Insurance Audits etc, so you'll need to study these properly. For the questions on Auditing Standards, you would be easily able to crack it without studying too much, provided you took your articleship seriously.

SFM:

This has got to be the easiest of all papers in terms of complexity. It's mostly common sense with some theory thrown in between.

Theory -For theory, do the past question papers first (go as far back as you can). If you are generally well informed about developments in the world economy, you can score a bonus by mentioning latest stuff along with your answer. If you have time after that, go through the study material.

For Problems- STUDY MATERIAL! - I can give it to you in writing that most of the problems will be based on study material problems. The good part is that there aren't too many problems in your study material. So do ALL the study material problems at least once. Follow your study material first and then follow your favorite author.

LAW:

Use Munish Bhandari for Directors and for problems. Use your study material for the rest.

There could be a few bouncers in law. So make sure you use your study material to cover stuff that isn't covered in Munish Bhandari (like MCA for instance).

Some of the important topics in company law (which are also small) are:
1. Directors remuneration.
2. Accounts of a company.
3. Related party transactions (part of Directors)
4. Dividends.
5. Disqualification of directors.
6. Oppression and Mismanagement.
7. Board Meetings.
8. Powers of directors.

As far as the other laws are concerned, there really is no way to figure out what may or may not come. Just touch up on everything so that you would atleast be able to make an honestattempt at an answer. Don't forget that ICAI knows that the 'other laws' are too many for too few marks, so the questions that are asked from the other laws are generally direct and important i.e. they don't get into too much detail.

Always remember that for Law, you don't need to remember Section numbers, nor do you need to remember exact words. It's enough if you understand the concept well.

COSTING:

STUDY MATERIAL- Costing, you don't need to even go beyond your study material and past papers. Of course, you can use an author's book (Ok, I know that all books have authors, but you get what I mean) for past papers since the institute doesn't really explain solutions well in the Suggested Answers.

For Theory you can expect the paper to carry atleast one question from each Chapter. By Chapter, I mean chapter as per the study material, not as per your author's book.

My predictions:
1. ABC Costing - 10 marks.
2. Marginal costing and CVP- 10 Marks.
3. Standard Costing - 10 marks.
4. Decision making- 10 marks
5. Rest of Costing - Rest of the marks.

OR will carry 30 marks of which 10 will be theory. They will likely cover all the topics even in the theory part. OR is really simple and mechanical, so there's no way you will not be able toattempt it well.

ISCA/MICS:
This has got to be the most frustrating subject in the syllabus. That's what I thought while studying for the exams. While I was waiting for my results, I had to explain to someone what an ERP was, among other computer related topics. I told him what I remembered and he was impressed that I 'knew so much'. So it wasn't a total waste, this subject!

The MOST important tip I can give you for this subject is : NEVER TOUCH ANYTHING OTHER THAN YOUR STUDY MATERIAL!

'Why? Because the person who evaluates your paper probably doesn't know much about computers, so he/she will follow the solution key which is based on the study material. Simple. So even if you write something that is absolutely correct, you probably won't get marks if it's not what appears in the solution key. So simply study what is there in your book, and be as thorough as possible. Remember as many points as possible.

Study the chapters (chapters as per the study material) in the following order to maximize your marks attempted while causing least irritation.

10,5,6,7,9,8,3,4,1,2

I know I am repeating myself but please do not touch any book other than your study material. If you do have any book other than your study material, donate it to charity immediately.

Direct Taxes:

Our future bread and butter. Statutory Audit as a function is going to soon become a non-value add (if it isn't already). Income Tax is where CA's can score over every other profession. So forget exams, you really need to be good at Direct Taxes.

But still, you first need to pass your exams. So here are tips for DT:

Use only one book. I find T.N. Manoharan's book to be comprehensive enough. I took a look at Singhania and got scared. I quickly changed my priorities from "be an expert in tax" to "it's enough if I pass the exams, I can become an expert later". So T.N Manoharan's book, although it covers less than Singhania, is MORE than enough for your exams.

The tentative break up will be like this:
Total Income problem - around 15-20 marks.
Wealth Tax - 10 marks (this is easy to score. Make sure you study the theory part of Wealth tax too, not just the valuation rules. And focus your theory study on where Wealth Tax differs from Income Tax because thats where questions will come from).
IT Authorities,Assessment, and Appeals - 15 marks.
Assessment of Companies - 10 marks.
The others will be sort of evenly spread out. e.g you can expect around 4-5 marks each from Salaries, IHP, Capital Gains etc.

Don't worry about getting into too much detail.

MOST IMPORTANT - Study the Recent Amendments and Notifications properly. Around 25-30 marks worth will be asked from there. ICAI has given you an exit option for Income tax in the form of Amendments so make sure you use it! And go through the recent case laws.

INDIRECT TAX:

This paper is the savior for all your past non-performances. Getting a 60 in this paper should be child's play.

I'm pretty sure (don't hold this against me), that your paper will be as follows. Remember, ICAI has been following a verrrrrry similar marks weightage for the New Syllabus. There's obviously no rule that they should follow the same pattern for you, but I'm just saying, if I was a betting man, I would bet that they would.

Amendments and Case Laws will cover atleast 40 marks in this paper. A full 40 marks.

So the probable weightage is:
Excise Valuation - 5 marks.
Customs Valuation - 5 marks
VAT computation - 5 marks
Service Tax Computation - 5 marks.

Even if you have never seen your book before, you can study for these 20 marks within a few hours.

CENVAT Credit - 5 marks.
SSI - 5 marks
Excise penalties - 5 marks.
VAT - another 10 marks (VAT is just some 10 pages, whichever book you follow, so it's almost like free marks).
Service Tax - another 15 marks. Here, focus on recent changes.
Case Laws will cover around 20 marks atleast.

This is just a very tentative estimate.

I can almost guarantee that this question will come - 'Name a few new services that were added recently'

Anyway, that's that. I hope this helps!

All the best for your exams Smile