I am a PE-2 student regd after PE-1.my eligbility certificate was valid only up to Nov2007 examn.
i wrote PE-2 in Nov2007 and have failed in both groups getting an exemption in information tech with 62 marks.
I am totally confused reading the transition update. I would like to know whether i can write May2008 PE-2 or whether i should get converted to new scheme. If i get converted, can i write PCE May 2008 without the prior requirement of completion of 18 months articleship.will i hav to write information tech paper again under PCC.Is immediate joining for articleship needed along with PCC transition?

Pls do give me a reply at the earliest

I have difficulty in the following subject.
Can nebody suggest me some good books or provide me with the requisite material.Hoping for a positive and prompt response.

What are the imp accounting stds to be refered for May 08. Moreover can ne1 tell me impt sections to be referred for Corporate laws and Income tax.

hi, i have exemption in MICS paper. I got it in Nov 2006 attempt. Do i have the exemption in May 2008 exam also? i heard that the exemption is valid for next 3 attempts. Please clarify my doubt....

thnks

Hi, i am in a serious confusion regarding my eligibility to appear in CA Final Exam. I was registered as an article trainee and a student of CA Final Course on 01.06.2006 . Since then i am continuing my professional training. Whether i can appear in May 2008 Exams or not even for a single group.

I hope you will help me in this matter.

Thank You

Dear Sir/Ma'am,

If the current price of a share is Rs. 100/- (Beta 1.1 with Sensex) and a person has purchased 1000 shares. How can he perfectly hedge the situation by selling index futures. Index futures is avialble at 4500 index points and one contract of futures comprises at 50 units.

My major concern in this question is how to compute the value of one unit of index.

Pls. do reply and advise me on calculation of value of one unit of index.

Regards

Pankaj Gupta

Sir,

i m eligible to write my exams in MAy 08. I had some level of confidence till dec 07. but now i ve lost all my confidence. if i start preparing now can i finish it within mAY 08... how can i frame my study plans... plz help me out..

Hai iam Srikanth i have passed CA foundation in 1998, i have cleared CA pe-2 group 2 in 2006 may .can i appear for 2008 may pe-2 gr-1 exam?.as it is last attempt for me if i dont clear it in 2008 may what is the procedure for appearing pcc. i would be very thankfull if you provide me the information
Thanks.

I m student of PCC.My 18 months will complete on 5th jan,08.My Q.is whether 3 months that I will take for study will couned in my leave?

Dear Sir/Ma'am,

I need help in calculating the fwd rate when swap points are given. I have read that when Swap points are in increasing order, we need to add the same to spot rate to arrive at fwd rate and vice versa. BUT i hv realised that it's not so.

Consider following example:

Bid - Ask

Spot Rate : Rs./USD >> 40 - 45

USD intt rate >> 8%, India Intt Rate >> 10%

Thus applying IRPT, the fwd rate should be Rs./USD >> 40.74 - 45.83

Swap points are : 0.74/0.83.(increasing order.)

Now, if intt rates are changed as USD intt rate>> 10%, India intt rate>> 8%

then fwd rate should be Rs./USD >> 39.27 - 44.18

Swap points are : 0.73/0.82 (again in increasing order)

From above, it is concluded that swap pts. are not always added to spot when in increasing order.

Further, which situation can lead to swap points in decreasing order and what should be done in that situation?

Pls. advise.

Regards

Pankaj Gupta