As 30, as 31, as 32

AS 1157 views 13 replies

Hi Friends,

I would like to know what is the weightage of AS 30, AS 31 and AS 32 in CA final Financial reporting and Audting paper? Its taking me so much of time to understand these 3 accounting standards.  Is it really worth speding so much of time to these accounting standards from examination pioint of view ? My attempt is in May 2015

In practice manual I see only theory questions on this topic.

Thanks

Anusha

 

 

Replies (13)

As a CA Final student u must b aware that we cant decide this question...

 

ICAI had asked 20 marks question from these as in one attempt... even they can leave it for zero marks.. so i wil suggest not to leave anything as it is ca final...study well and everything

as your attempt is may 15, u have time, u  can give one or two days to this,.,,and once u understand these as it wil not take time to revise them...

Dear Ankit,

Thanks for your quick relpy..

Looks like for better and quick understanding of these standards fist I need to cover some of the relevant topis from SFM as well. May be, because I am doing self study I am not able to link or identify some of the relevant topics from other papers.

I appreciate your inputs.

Thanks

Anusha

1.) Do all the questions from Practice Manual. Also do unsolved Questions of Practice Manual.2.) Do all the Questions of applicable attempt's RTP + 2 previous RTP's.

8 out of 10 times, Questions from above sources will get repeated with minor changes in figures. And those 2 times, new questions will come. Nobody will know how to solve those. This is will be a ploy by ICAI ;) . They will ask new and difficult question on this topic but rest of the questions will be average. ICAI will allow you to leave this question in choice.

If you go for indepth study for AS30,31,32 make sure you know the cut off point. Because concepts from SFM will also be required. You might overkill the topic and easy, scoring topics will get less time.

Read Ilustrations given in ICAI Accounting standard pronouncements book, it will help in exam purspective because some times questions will pick from there.

Hi Anusha

You have sufficient time. Give one day to AS 30,31 & 32. Don't leave anything on ur part as we can't judge ICAI. I suggest first complete SFM syallbus then do AS 30, 31 & 32. It would help you for better understanding.smiley

Just do the problems in chapter 6, accounting for financial instruments. And definitions in AS 30,31,32.
Is there is change in isca syablus for may 2015...even after last change

Exactly Anusha, that wil help you a lot in understanding these AS perfectly...

 

All the best

no change @ komal

i think weightage of as-30, 31 and 32 is 15-20 marks in ca final exams

 

In camarision of last attempt of ca final there is no change in isca paper

Originally posted by : Himani Manchanda
Hi Anusha

You have sufficient time. Give one day to AS 30,31 & 32. Don't leave anything on ur part as we can't judge ICAI. I suggest first complete SFM syallbus then do AS 30, 31 & 32. It would help you for better understanding.

 

I agree.You have sufficient time. These AS are lengthy so you should take up 10 pages at a time. I started panicking during my exams because deep down in my mind I was aware that I am leaving out the most imp AS which can never be understood at the last moment.


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