1. Chapter wise break up
|
Sr No |
Chapter |
Marks |
|
1. |
IND AS 102 - Share based payment |
8 |
|
2. |
IND AS 103 - Business combination |
16 |
|
3. |
IND AS 105 - Non current Assets held for sale and discontinued operations |
10 |
|
4. |
IND AS 113 - Fair Value measurement |
8 |
|
5. |
IND AS 115 - Revenue from contract with customer |
12 |
|
6. |
IND AS 10 - Events after reporting period |
8 |
|
7. |
IND AS 16 - Property, Plant and Equipment |
8 |
|
8. |
IND AS 20 - Government Grants |
4 |
|
9. |
IND AS 21 - Effects of changes in Foreign Exchange transactions |
4 |
|
10. |
IND AS 23 - Borrowing Cost |
8 |
|
11. |
IND AS 32/107/109 - Financial Instruments |
14 |
|
12. |
IND AS 38 - Intangible Assets |
8 |
|
13. |
Analysis of Financial Statements |
12 |
2. Question wise marks and comments
|
Question No |
Marks |
Chapter |
Comments |
|
1 - A |
16 |
IND AS 103 |
Lovely question. Worthy of being at Question 1. All major provision of the standard are covered up |
|
1 - B |
4 |
IND AS 20 |
Basic knowledge of IND AS 20 would be enough to solve this question. |
|
2 - A |
10 |
IND AS 32 |
Highly expected question. The concept is repeated in past papers. Students would have been looking forward to this question |
|
2 - C |
10 |
IND AS 105 |
Right from study Material. 10 Marks are too much for this question. |
|
3 - A |
8 |
IND AS 102 |
Again a basic question. An sure no student might have missed this one |
|
3 - B |
8 |
IND AS 23 |
IPCC level question - ICAI should have avoided this. Rather they have tested other standard |
|
3 - C |
4 |
IND AS 21 |
Hahaha ! Lovely googly - Basic fundamental Question. Love surprises. Am happy. |
|
4 - A |
12 |
IND AS 115 |
Lovely question. Knowledge of Previous standard on construction contract is needed. Great level. More questions like this please. |
|
4 - B |
8 |
IND AS 38 |
Basic question. Similar to once covered in study material. |
|
5 - A |
12 |
Analysis of Financial Statement |
Really expected. Should have been avoided. Rather a 12 marker on IND AS 110 was needed. |
|
5 - B |
8 |
IND AS 16 |
Basic - Just knowledge of basic provision of IND AS 16 is needed. |
|
6 - A |
8 |
IND AS 10 |
Good question that covers all aspects of Standard. After Question 1 on IND AS 103 - I like this question |
|
6 - B |
8 |
IND AS 113 |
Surprised to see IND AS 113 for 8 marks. Loot LO |
|
6 - C |
4 |
IND AS 109 |
Again basic concept of 109 is needed. |
Overall Comment : Paper was of good Quality. Students are expected to have good hold over various provisions of all IND AS. Special thanks for Question 1 on IND AS 103. IND AS 103 was considered an underdog - the question had covered major provision of the standard very beautifully. Good coverage of many standards. I seriously feel that FR is so VAST that 100 marks does not do justice. We need 2 papers for FR - i.e. 200 marks.
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