Download Suggested answers of IPCC MAY 2014 Examinations - Released By ICAI
Showing posts with label MAY 2014 EXAMS. Show all posts
Showing posts with label MAY 2014 EXAMS. Show all posts
Friday, 15 August 2014
Monday, 5 May 2014
Physical Admit Cards Will not be Issued
Physical Admit Cards are issued to those students who submitted physical application forms and those students who applied in online will not get their physical admit card w.e.f may 2014 examinations
Hosting of exemption(s) in a paper granted in Intermediate and Final examinations, valid for May 2014
Exemption(s) in a paper(s) are granted to candidates of Intermediate and Final examinations, in terms of Regulation 37C(8) and Regulation 38C(6), respectively, of the Chartered Accountants Regulations 1988.
The rules in this regard are provided in the Guidance Notes made available to the candidates along with the examination forms and hosted on http://icaiexam.icai.org. The related FAQs are also hosted on www.icai.org.
However, in spite of the information already made available, it is seen that some of the candidates carry a mistaken notion that they enjoy an exemption in a paper(s) whereas in reality they do not and end up absenting themselves in the said paper, resulting in avoidable hardships.
To avoid this kind of situation, exemption(s) granted in a paper(s) which are valid for May 2014 examination are hosted on http://exemptions.icaiexam.icai.org, so that candidates can check their exemption status before the exams and take necessary action.
Date of hosting the exemption data : 5th May 2014
Last date for emailing discrepancy, if any : 15th May 2014
Hence, candidates are advised to check the details more particularly, the month and year of exam and roll number indicated on the said site, with those contained on the relevant Statement of marks issued to them. Exemptions granted in a paper(s) are indicated by way of “#” against the marks awarded thereon and the Result of the relevant Group is indicated as “F-EX”, in the Statement of Marks.
In case of discrepancy, if any, candidates are advised to write to Exam Dept. immediately, in any case not later than 15th May 2014, at the e-mail address provided herein below, enclosing scanned copy of the relevant mark sheet in which exemption was granted.
Final candidates : final.exemption@icai.in
Intermediate(IPC) candidates : inter.exemption@icai.in
Exam Dept. will respond, within 7 days of the receipt of the e-mail. In case you do not receive any response within 7 days, write to:
Final candidates : final2@icai.in
Intermediate(IPC) candidates : inter7@icai.in
Examination Department
Friday, 2 May 2014
Ipcc May 2014 Admit Cards
You can Download Admit Cards at
FAQs on admit cards-May 2014 CA exams
1. How do I get my admit card?
Admit cards for may 2014 exam are hosted on http://www.icai.nic.in. Candidates may print their admit cards from the website.
Physical admit cards for may 2014 examination are also sent by post, as an additional service to the examinees.
Both are valid for admission to the examination.
Admit card downloaded from the website bears your photograph and signature, besides other necessary details and is a valid admit card for gaining admission to the examination. However, should there be still any query, feel free to contact the Helpline numbers of the Exam dept. given in answer to Question No.14.
2. Will the admit cards bear my photograph and signature?
Yes, if the application you have submitted bears them.
3. I had not affixed my photograph in the exam form. Can I send them now?
Yes. However, once the admit cards are posted/hosted, no changes will be made thereon. The photographs will be used at the time of preparation of pass certificates. We advise you to carry with you a photo identity card issued by the Govt. or by ICAI at the time of registration as articles assistants, to the examination hall, along with the admit card downloaded/printed from the website.
4. How do I print my admit card from the website
Visit the site http://www.icai.nic.in. Enter the following:
Select the examination in which you intend to appear
Student registration number or the bar code of the examination form; and Personal Identification Number (PIN) indicated by you in your application form.
Your admit card and the “Instructions to Examinees” will appear on the screen. You
can then print the same in A 4 size paper.
5. What is PIN?
It is the four digit number of your choice which you have entered in your exam form. It is like a password. Without this, you will not be able to download/print your admit card from the website.
6. I forgot my PIN. What can I do now?
We had advised you, earlier, while you filled up the exam form, to memorise or keep it safe for future reference. We had also advised you to keep a copy of the exam form for reference at a later date, if need be. You can now check the copy of the form for the PIN.
You can also call our Helpline numbers of the Exam Dept. or the respective regional office(s) for assistance in the matter.
7. My photograph and/or signature are not there in the admit card. Is it valid?
Yes. It is valid. However, in such cases where your photograph is not on the admit card, you should carry a photo identity card issued by the Govt. or issued by ICAI at the time of registration as articled assistants, failing which you will not be allowed entry into the examination hall.
Else, you may get your photograph and signature attested by a Chartered Accountant or a Gazetted Officer on the official letterhead indicating inter-alia the following
Name
Registration Number Exam
Month and Year of exam Roll NO.
Medium Group Centre
Postal address
and carry the same to the examination centre, as proof of your identity.
8. I have downloaded my admit card from the website. However, details therein do not relate to me. What should I do?
Contact the Helpline numbers ( mentioned below) immediately, quoting your registration number, bar code number of your examination form and receipt number issued by the regional office(s), centre opted (with zone, if applicable), telephone number, fax number etc.
9. I have downloaded my admit card from the website. However, details therein are different from what I had filled in my exam application form. What should I do now?
Send an email or contact the Helpline numbers ( mentioned below) immediately, quoting your registration number, bar code number of your examination form and receipt number issued by the regional office(s), centre opted (with zone, if applicable), telephone number, fax number etc.
10.I have not yet received the physical admit card sent by post by ICAI. What should I do?
Physical admit cards have already been dispatched. You will be receiving them shortly. However, even if you do not receive them, due to delays in transit, do not worry. You can print your admit card from the website http://www.icai.nic.in and carry the same to the examination hall. It is also valid.
11.I have not yet received the physical admit card sent by post by ICAI. Can I have a duplicate admit card issued?
No. Duplicate admit cards will not be issued. However, a print out of the admit card on A4 size paper will be issued, on request, which will be valid for admission to the examination. In fact, you can take a print out of the admit card from the website www.icai.nic.in yourself and use the same.
12. I am not able to print my admit card from the site. What should I do?
Contact the Helpline numbers (mentioned below) immediately, quoting your registration number, bar code number of your examination form and receipt number issued by the regional office(s), centre opted (with zone, if applicable), telephone number, fax number etc.
13. I received my admit card. I have a valid exemption in a paper. However, the admit card does not show that exemption. Will I get the exemption?
Exemptions granted to you are not shown on the admit card. Please go through the relevant statement of marks of the exam, where in your opinion, you were granted an exemption in a paper(s).
So also, “#” symbol printed against the marks of a paper denotes that you have been granted an exemption in that paper, which will be valid for the next three following exams. The result of that group is also shown as “F-EX” ( i..e failed with exemption).
Alphabet “E” printed against the marks of a paper denotes that marks of that paper have been brought forward from an exemption granted in that paper in an earlier attempt.
If no such symbol (#) is printed against the marks of any paper, even though the marks obtained in that paper may be more than 60, then that indicates that no exemption has been granted in that paper.
14. What are the contact details?
Help Line Telephone numbers: 0120 3054 851, 852, 853 or 835
Fax 0120 3054 841, 843
E-mail:
Intermediate (IPC) candidates : intermediate_examhelpline@icai.in Final candidates : final_examhelpline@icai.in
CPT candidates : cpt_exam@icai.in
Wednesday, 23 April 2014
Auditing Important Questions for May 2014 Exams
Auditing & Assurance - IPCC Important questions
JUNE 2014 Exams
BY CA LOKESH C V
1. Qualifications and Disqualifications of an auditor.
2. Appointment of auditors (all cases)
3. Casual vacancy of an auditor to be filled up
4. Removal of auditors
5. Remuneration of auditors
6. Duties of the auditor
7. Discuss about cost Audit.
8. Provisions relating to Branch Audit.
9. Vouching and verification 8m (refer class notes)
10. Inherent limitations of audit
11. CAR0, 2003 4m (refer to summary)
12. Qualities of an auditor
13. Types of Reserves AND Objects of creating each.
14. Appointment of auditor of Government Company.
15. SA 580
16. SA 530
17. SA 560
18. SA 700, 705, 706
19. Types of Audit Report/ Audit Opinion
20. Concept of Materiality & SA 320
21. Audit of hire purchase transactions.
22. Aspects to be covered in an audit
23. Write about local bodies.
24. Audit of Hotels.
25. Design and Special Characteristics of EDP Systems.
26. CAAT requirement in EDP audit.
27. Audit of Charitable institutions.
28. Audit of Incomplete records.
29. Audit of Cinema Theater.
30. Letter of weakness. 1
31. Audit Trail or Examination In Depth
32. Write about analytical review test.
33. Methods to obtain Audit Evidence.
34. Capital Expenditures and its types.
35. Audit procedures to obtain Audit Evidence
36. Basic elements of Auditor’s report.
37. Audit of commercial accounts.
38. Controls in an EDP environment.
39. Matters to be verified in the audit of dividend.
40. Prior period items, Extra-ordinary items.
41. SA 200, 210, 220, 240.
42. Audit evidence and what is the need of it.
43. Revenue expenditure.
44. Approaches to auditing in a computerized environment.
45. Audit of a Hospital.
46. Audit of Stores and stocks.
47. Audit of issue of share capital.
48. Powers and duties of C&AG.
49. AS 1
50. AS 6
To Download All these Questions Go To the Link below and Download them :
Recommended Posts 4 U :
Wednesday, 16 April 2014
Live Webcast on Service Tax & VAT - IPCC
ICAI conducting live webcast On " Strategy To Qualify & Excel in IPCC Paper 4 : Part 2 Service Tax and VAT - May 2014 Exams
IPCC : 26th April 2014 from 3:00 PM to 5:00 PM
These webcast can be viewed online on the time specified above on www.icaitv.com
Also Read
Tuesday, 1 April 2014
Costing and Fm Important Topics | Download | Tips
This subject has two shades. It has been a boon for a set of students and for some, it has been a curse.
So we decided to go deep into the matter and have inquired 300+ students, which includes students who have been failing this subject for at least two attempts and students who have got exemptions. We also extracted much needed info from a student from Vijayawada who scored 86 in this subject.
Almost all the students who succeeded in this have noted the same point, PRACTICING WITH PEN AND A BOOK. A close analysis of the preparation style of students who have been failing revealed that, most of them were just going through the questions and not putting them on to the paper. Not just Seeing, PRACTICE, PRACTICE and PRACTICE. By looking at the book, it looks like everything is ok, but once you put the pen on the paper, it wont move after two steps.
Second point is the presentation. Costing is all about presentation. You may bring the solution, but unless you present it in a format, you are not going to score marks. We have obtained the certified copies of a few students which revealed the same.
“Kindly Read it & Share It”
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Important Topics
Costing :
Important Chapters - Practical
_ Material Cost
_ Marginal Costing (BEP, MOS, PV ratio Etc.)
_ Standard Costing (Total Variances)
_ Budgeting Control
_ Process Costing (Most Important)
_ Joint & By Product
_ Labour – Bonus Calculation (Rowan/halsey)
Important Chapters – Theory
_ Basic Concepts in costing- Different types of cost
_ ABC Analysis
_ Treatment of Under/over absorbed Overhead
_ Integrated accounts
_ Methods to apportion joint costs
Financial management :
Important Chapters- Practical
_ Cost of Capital
_ Leverages (DOL,DFL,DCL)
_ Cash Flow Statement
_ Working Capital Changes - Debtor Management & Estimation of Working capital Requirement
_ Ratio Analysis – Calculation of Ratios
Important Chapters – Theory
_ Basic Concepts in FM – Profit Vs Wealth Maximizations (Most Important)
_ Source of Finance – Venture Capital Finance, Debt Securitizations
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IPCC Costing & FM Imp Questions for May 2014
______________________________________________________
Go Through the Important Theory Questions in Costing and FM, for CA IPCC May 2014 Exams.
Even though enough care is taken while selecting the questions, students are recommended not to put in too much reliance on these.
Costing:
· Discretionary Costs
· Conversion Cost
· Product Costs Vs Period Costs
· Bin Cards Vs Stores Ledger
· Allocation and Apportionment
· Accounting Treatment for Over-time Premium
· Short Notes on General Ledger Adjustment Account
· Advantages of Cost-Plus Contract
Financial Management (FM):
· External Commercial Borrowings
· Business Risk Vs Financial Risk
· ADR Vs GDR
· Role of CFO
· Types of Floats in the context of Cash Management
· Benefits of Optimum Capital Structure
· Ploughing Back of Profits
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Preparation Tips
1. Pay due attention on theory ..some students
doesnt do that it contains weightage of 20- 28 marks in the paper.
2. If u have problem in doing the whole theory
portion just do past examination question or from
scaner or from practice manual (all r equal )
3. pay equal attention on CA n FM dont go in
exams on the base of any 1 of them
4. If u dont know any answer n dont have any
single idea about its better to leave that
for eg :- if in exams GDR (global depository
reciepts) comes n u write deposits that reciept in whole world it will make a bad impression of u on checker
5. make proper working notes it plays a vital
role in step marking watever calculation u do name them as working note .
6. dont pay unnecesary tym in solving
particular question
7. if u r using any formula in ur solution then first write it n then put numbers or figures in it . this shows ur knowledge about formulaes
8. Always do RTP’s hope this will work out for u.
Part A: Cost Accounting
1.Without a doubt you should do Standard & Marginal Costing in starting. Not even a single theory question asked from this two topics so just concentrate on practical questions. Try to make your own notes or summary of all formula as this chapters based on formula only. Around 16-20 marks covered by this two topics.
2.Now you should do Contract, Process , Equivalent, Budgetary & Operating Costing. This topics again cover 16-20 marks. Theory will come from Budgetary & Operating only. Better to go through Practice Manual also as sometimes not exact but of same pattern question comes in exam.
3.Now you should do small topics like Material, Labour & Overhead . Mainly question comes from Direct Material like EOQ, Re-order level etc. Don’t waste much time on Labour & Overhead as they are lengthy as well as not questions not frequently asked from this topics.
4.Now do this 3 topics from Practice Manual only because question get repeated in this topics: Non Integrated, Integrated Account & Reconciliation of Cost & Financial Accounts.
5.Generally 16 marks theory questions asked in exam.
Part B : Financial Management:
1.You should start with Capital Budgeting and than Cost of Capital this both chapters covers 16-20 marks easily, mainly practical question comes from this chapters so don’t waste time on reading theory. If anyone not interested in doing material which he/she have than just do all question from practice manual of this topic.
2.Now you should do leverage , Ratios & Working Capital Management. This topic are easiest as well scoring topics. This covers again around 20 marks minimum and both practical & theory questions asked from it. Do this topics properly from your books which u have than do question from Practice Manual and mainly theory questions comes from Practice manual only.
3.Than do Cash Flow Statement & Fund Flow Statement, as we studied this topics earlier so do it fast and don’t waste much time both theory and practical questions may be asked. Marks covered around 8 but sometimes 16 marks big question also asked so prepared for it.
4.Now do theory properly as this paper contain good questions of theory & overall theory asked in the question paper is minimum of 30-32 marks out of which 16-20 mark’s theary is from Financial Management. Important topics for theory are Basic Chapter, Ratios (Importance & Limitation), Types of Financing, Management of Debtors etc. (Make sure once you read all theory question in Practice Manual.)
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Downloads
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