BEST BOOKS FOR CA FINAL....

Group 1 Books

Financial Reporting – Best option is to join class for this subject (or arrange some class notes of any good teacher near your location - (In my view go for Praveen Sharma Class Notes). (Reference book : P C Tulsian or DG Sharma – but It should be your second choice if you are unable to arrange any class notes) 
AS - Sanjeev Singhal (BEST) / D S Rawat (Easy one) 
SFM - J B Gupta book with DVD Lactures (BEST) (Taxmann Publication). 
Audit / SA – Pankaj Garg with PM (Best) – Far better than surbhi bansal,
Law - Munish Bhandari Handbook (Plus Padhuka for detailed study, if you have sufficient time).

Group 2 Books
AMA / Costing – J B Gupta (BEST) plus Study Material, Compiler and Practice Manual (It is better to prepare your own notes for theory portion – Must cover theory given in Practice Manual).
ISCA - Manish Valechha (BEST) (Memory Based Edition)... it is Best book to secure high marks in ISCA. Very well written with awesome presentation… comprehensive and easy to understand... It explains all topics with examples, diagrams, memory codes (refer Study Material if you have sufficient time but not actually required). And at last, go through Practice manual for important questions.
Direct Taxes - T.N. Manoharan (BEST) Plus Summary Module of Vinod Gupta (Prepare notes for lengthy and typical portion, if possible). You can also refer Vinod Gupta Full Modules Set If you are having sufficient time for preparation.
Indirect Taxes – N S Govindan for Concepts (BEST) (Padhuka or Bangar for Past Exam Questions)

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SAUCY PASSIONATE BROTHERS

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SAUCY PASSIONATE BROTHERS

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Companies act update for may 14 exams

Companies act update for may 14 exams

Board of studies decide
For ipcc 45 sections of new companies act 2013 applicable

For final all 98 sections applicable

This decision of board of studies need to be approved by central council of Icai.
Meeting of central council on 27th sept

Hence as on today new companies act on its way for may 14 exam

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NON APPLICABILITY OF COMPANIES ACT 2013 FOR NOV 2014 CA EXAMS

the bill has just passed... Before enacting it need President assent.. 
(I doubt our President won't be having time out of his foreign tour to sign the Act for next few months....).. 
so lets wait for the president assent,
 and than in our "Babu" culture, 
it will at least take 6 months to right rules and regulations...

 if you have seen the Bill, n number of clause has "as been prescribed", which needs n number of Rules and Regulations to be formed...

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CA INTERMEDIATE (IPC) COURSE: STUDY SCHEDULE [NOV. 2013]

Hello friends, this is schedule according to me so you can make adjustments according to your comfort zone. So many of us are attempting IPCC exam for the first time and so many of us are performing for another time for improved result. After the result declared by ICAI of Intermediate (IPC) Course, many students thinks about how to study, revise or prepare for next attempt, this is my way of a scheduling a subject.

Stage 1	Paper 1 – Accounting
	Paper 2 – Business Laws, Ethics & Communication

Duration: 4rd August to 25th August (20 Days)

Daily Study Hours: 8

• During Stage I you have to study accounts and law and have to give 4 hour to each subject per day.
• Try to cover big topics in starting like Amalgamation, Partnership, AS etc. and in Paper 2, Ethics, Meetings, Prospectus etc.
• Divide total course into 20 days and give weightage to big and important topics.
• Refer practice manual for this both subjects.
• Topics like Internal Reconstruction in accounts and communication in law portion can be done in last also.

Stage 2	Paper 3 – Cost Accounting & Financial Management
	Paper 4 – Taxation

Duration: 26th August to 20th September (25 Days)

Daily Study Hours: 10

Now you have to do 2 subjects in 25 days i.e. Cost Accounting, Financial Management & Taxation.

Paper 3: Cost Accounting & Financial Management				Paper 4: Taxation
Part A: Cost Accounting		Part B: Financial Management		Part A: Income-tax		Part B: Service-tax & VAT
Topic	Days	Topic	Days	Topic	Days	Topic	Days
Marginal costing	3	Capital budgeting	3	Capital gains & Income from other sources	3	VAT	3
Standard Costing	3	Cost of capital	2	Salaries and House property	2	Service tax	6
Contract costing	2	Cash-fund flow statement	4	Profit & Gains of Business or Profession	3
Process costing	3	Ratio analysis	3	TDS and Deduction	2
Materials, Labour, Overheads	7	Leverage	1	Set-off & Carry forward	1
Theory	3	Theory	3	Remaining topic	5
Remaining topics	4	Remaining topics	9

Note: Practice Manual advisable for Cost Accounting & Financial Management.

Stage 3	Paper 5 – Advance Accounting
	Paper 6 – Auditing & Assurance
	Paper 7 – Information Technology & Strategic Management

Duration: 21st Sep. to 26th Oct. (36 Days)

Daily Study Hours: 12

Now we have 36 days to complete Group 2.

Paper 5: Advance Accounting		Paper 6: Auditing & Assurance		Paper 7: Information Technology & Strategic Management
Topic	Days	Topic	Days	Note: Whole course can be divide into 36 days 4 hours each. Just go through the technical terms, don’t try to mug up it.
Financial statement of Electricity, Banking & Insurance Co.	7	Company audit I & II	10
Partnership	3	Special Audit	5
Amalgamation & Internal reconstruction	4	Starting 5 chapters 2 days per chapter (5 x 2)	10
AS	2	Remaining topics	11
Department & Branch	7
Remaining topics	13

Note: You can refer practice manual for this 3 subjects.

Revision Stage

• Now in remaining days you can revise Accounting and Business Laws, Ethics & Communication.
• Refer Practice manual, just refer sums, and don’t write up at end time.
• Emphasis on presentation of sums.
• Before day of exam, on holiday, refer Revisionary Test Papers provided by ICAI.
• For writing practice and model answers, write Mock Test Papers by ICAI. For more practice, refer Suggested Answers for the improvement of presentation skills.
• Take care of your health

Conclusion

Group	Stage	Days	Subject
Group I	Stage I	20	Paper 1: Accounting
			Paper 2: Business Laws, Ethics & Communication
	Stage II	25	Paper 3: Cost Accounting & Financial Management
			Paper 4: Taxation
Group II	Stage III	36	Paper 5: Advance Accounting
			Paper 6: Auditing & Assurance
			Paper 7: Information Technology & Strategic Management
TOTAL		81 Days

Hope this schedule will help you somehow.

Remember 5 things:

1. If not you who else will pass, if not now, when else you can pass.
2. Where the determination is great, the difficulties cannot be great.
3. We should not let failure go into our heart, and success into our head.
4. “CA” does not mean Come Again, but it only means “Certainly Achievable”. It should be “Create value and Accept challenges”.
5. Three years of hard work could lead you to 30 years of bliss. But if you Plan for three years of bliss, you will end with 30 years of self-defeating slog.

All the best…

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Passing criteria changed to 55% marks in aggregate and 45% for individual subjects w.e.f. May, 2015 Examinations.

Passing criteria changed to 55% marks in aggregate and 45% for individual subjects w.e.f. May, 2015 Examinations. Passing criteria at all level of the CA examination i.e. CPT, IPC and Final has been changed to 55% marks in aggregate and 45% for individual subjects w.e.f. May, 2015 Examinations.” It is clarified for wider information of the students and other stakeholders as also the public at large that there is no change in the passing requirements nor is the Institute contemplating to effect any changes in the passing requirements. In other words, the existing passing requirements, i.e., securing at one sitting a minimum of 40% marks in each paper and minimum of 50% marks in the aggregate of the papers comprised in a group in respect of Intermediate (IPC) and Final examinations remain unchanged, while the passing requirements for CPT remain the same i.e. securing at one sitting a minimum of 30% marks in each section and minimum of 50% marks in the aggregate of all sections comprised in CPT examination. It is our fervent appeal to the students, other stakeholders and the public at large not to payany heed to such unscrupulous emails/messages being circulated in public domain. click here for official announcement by icai... http://220.227.161.86/30461exam20163.pdf

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