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CA Final Test Series ICAI


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DO�S AND DON�TS FOR CA FINAL FINANCIAL REPORTING EXAM


Prepare CA Final Financial Reporting. Here we are providing Success tips to prepare CA Final Financial Reporting so that students can get pass marks 60+ marks in CA Final Financial Reporting which helps to crack CA Final. By using these study tips, you can pass the CA Final Financial Reporting exam very easily.

As we are going to be chartered accountant, so financial reporting is the best thing we have to study and understand as it is going to be part of our day-to-day life after being a Chartered Accountant. Moreover, the institute is also expecting expert knowledge at this particular point of time.

So here is the topic wise in order of preference: –

1. Value Added Statements -Economic Value Added, Market Value Added, Shareholders’ Value Added

2. Share Based Payments – Sums on ESOP, ESPS etc.

3. Miscellaneous Topics – Financial Reporting by Mutual funds, non-banking finance companies, Merchant bankers, Stock and commodity market intermediaries + Human Resource Accounting

4. Valuation of Goodwill, Shares, Business, Brands etc.

5. Corporate Restructuring – sums on capital reduction, demerger, buy back etc.

6. Accounting for Financial Instruments (AS 30,31,32)-Sums on forex, derivative, call /put options etc.

7. Amalgamation

8. Consolidated Financial Statements (Holding Company)

 

Use of proper and prescribed format for presentation of accounts. Don’t try to skip, preparation of Balance Sheet in a revised schedule format with notes. State currency in subjects such as costing and accounts and draw columns with double lines when time permits.

Try to solve as many questions as you can and go through ca final test series ICAI (to the extent possible and available). You should test your preparation by attempting some previous exam paper, ca final test series icai under the ultimate exam condition or environment. Later on, check the result of your effort and make the necessary corrections/modifications to your study preparations.

Always leave a left-hand page for showing workings, assumptions, and notes. Workings are a must for the answer to be valid and should be fairly elaborate. Present them parallel to the question concerned. Use the last page of the booklet for rough work.

If there is a question for which you do know the answer but do not have the time to write it fully, write a synopsis for the answer. This should be done, if required, only at the end of the answer sheet.

Provide Total columns where applicable in accounts and costing, similarly state narrations to journal entries in the case of accountancy.

If the balance sheet is not tallying in the case of accounts, apply the principle of double-entry by ticking off the entries. Any figure taken from a tallied statement should appear only once, and the rest, twice on opposite sides. Finally, check the totals. If still, they do not tally, write totals as they come and do try to deceive the evaluator.

While you write your exams, as a part of the strategy, attempt consolidation at the end, after you attempt all the other questions, as consolidation may take around 45-60 minutes. Best suggestion, if you can attempt other questions, then you can leave consolidation as a choice.

Select a plan that best for you


PLAN'S FOR MAY- 2023

Detailed Exam Series - May 2023

5 Chapter-Wise Test For Each Subjects

1 Full Syllabus Test For Each Subject

Target Based Approach

Revision Strategy By AIR

Evaluation By Qualified CAs & AIR In 1-2 Days

Question Paper & Suggested Answers Both Available as per ICAI

Scheduled & UnScheduled Both Options !

Individual Chapter Wise Series- May 2023

One Chapter One Test For Each Subject

2 Full Syllabus Test For Each Subject

2 MCQ Test For Each Subjects

Evaluation By Qualified CAs

Question Paper as Per ICAI Pattern

Suggested Answers as per ICAI

Revision Strategy By AIR

Test Series Valid Till The Last Exam Date

Unscheduled Exam Series - May 2023

5 Chapter-Wise Test For Each Subjects

1 Full Syllabus Test For Each Subjects

Counselling By A Chartered Accountant

Question Paper as per ICAI Pattern

Suggested Answers as per ICAI Guidelines

Evaluation In 2-3 Days Working Days

Attend Test Papers As Per Your Schedule Till May 23 Attempt

PLAN'S FOR NOV 2022

Detailed Exam Series- Nov 2022

5 Chapter-Wise Test For Each Subjects

1 Full syllabus Test For Each Subjects

Target Based Approach

Revision Strategy By AIR

Evaluation by Qualified CAs & AIR in 1-2 days

Question Paper & Suggested Answers both available

Scheduled & UnScheduled both Options !!

Fast Track Exam Series - Nov 22

2 Chapter-Wise Test 50% syllabus Covered in Each Test

1 Full syllabus Test for Each subject

Counseling By A Chartered Accountant

Revision Strategy For Exams

Question Papers

Suggested Answers

Evaluation by Qualified CAs in 1-2 days

Test Paper dates are flexible

Full Syllabus Exam Series - Nov 2022

2 Full Syllabus Test For Each Subjects

Two Times Revison

Counselling By A Chartered Accountant

Target Based Approach

Question Paper

Suggested Answers

Evaluation In 1-2 Days (Working Days)

Available for Nov-2022 Attempt

Individual Chapter-wise series- Nov 2022

One Chapter One Test For Each Subject

2 Full Syllabus Test For Each Subject

2 MCQ Test For Each Subjects

Evaluation By Qualified CAs

Question Paper

Suggested Answers

Revision Strategy By AIR

Test series valid till the last exam date

Unscheduled Exam Series - Nov 2022

5 Chapter-Wise Test For Each Subjects

1 Full Syllabus Test For Each Subjects

Counselling By A Chartered Accountant

Question Paper

Suggested Answers

Evaluation In 2-3 Days (working Days)

Attend test papers as per your schedule till Nov 22 Attempt


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