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learn AS or IND AS for nov 17 attempt??

Meenaxi (article) (53 Points)

23 July 2017

hello...for nov. 17 attempt focus on AS or IND AS??

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2 Replies

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 23 July 2017

Both AS & Ind AS covered in Nov 17.

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 23 July 2017

Changes for Ca Final in Nov 17 attempt as compared to May 17 attempt

1. Financial Reporting
Almost Nil change. However there can be some minor changes consequent to changes in Companies Act 2013. Wait for RTP.

2. Strategic Financial management
No change. Supplementary reader 2016 is incorporated in Jan 17 Practice Manual. However there are few questions still not incorporated which need to covered from Supplementary only.

3. Advance Auditing and Professional Ethics
Revised SA 260 and 570 will be applicable. Changes in relevant laws up to 30th April, 2017 will also be applicable

4. Corporate and Allied Laws (Company law now 60 marks)
Applicability of Insolvency and Bankruptcy Code, 2016 for 10 marks.
Amalgamation and Winding Up chapter will be now as per Companies Act, 2013.
Chapter 9 of the study material (January 2016 edition) covering provisions relating to Revival and Rehabilitation of Sick-Industrial Companies is deleted from course.

5. Advance Management Accounting
No change.

6. Information Systems Control and Audit
No change.

7. Direct Tax Laws & Indirect Tax Laws

Applicability of GST in Paper 8: Indirect Tax Laws for 10 marks
( Service Tax is of 40 marks customs and excise 25 marks each)

The provisions of direct tax laws and indirect tax laws, as amended by the Finance Act, 2016, including notifications and circulars issued and other legislative amendments made up to 30th April, 2017 are applicable for November, 2017 examination. The relevant assessment year for Paper 7: Direct Tax Laws is A.Y.2017-18.

Taxation Laws (Amendment) Act, 2017 is not applicable.

For Detailed Syallabus click here
https://resource.cdn.icai.org/45783bos35959final.pdf