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Can costing paper be cancelled

Shekhar (CA Final) (84 Points)

08 May 2011

Hi,

Cost & FM paper of this paper contained more than 70 marks from FM. However, institute clearly divides the marks as 50:50 between Cost & FM. Cannot this matter be taken to institute.

Thanks,

Shekhar

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12 Replies

Nitin Moudgil (~) (694 Points)
Replied 08 May 2011

nopes as institute is king and all powers is with the people there

so my answer would be Exam will cancel as soon as pigs will fly

(Guest)

no chance

Kamal Kothari (CWA) (169 Points)
Replied 08 May 2011

There is no reason for exams to get cancelled. Though paper was not on expected lines, but paper was not out of syllabus too. Also ICAI has not made any commitments for paper pattern or marks distribution.

So there is not even remote possibility of paper cancellation.

3 Like

CA Vasiullah (Vasi) (Audit Executive) (1813 Points)
Replied 08 May 2011

I don't want it to get cancelled....

Aakarsh (Student CA IPC / IPCC) (24 Points)
Replied 08 May 2011

Hahaha optimism at its hieghts!!!!

Never expect such things from ICAI mate and yes the paper though unexpected wasnt impossible!!!

Mayank Kothari (CA) (919 Points)
Replied 08 May 2011

Sorry Friend.///No chance of Cancellation Institute is the Don

prasenjit pal (Service) (51 Points)
Replied 08 May 2011

CA must not be for everybody.

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT) (28544 Points)
Replied 08 May 2011

Question paper setting is not joke. There will be some procedure and meeting at top level. After so many brainstorming CA question papers ready. So, Never think even in your dreams to cancel this question papers. Even if it is 50 : 50 basis we have to study full syllabus of both costing and FM. If any questions comes from both segment we can able to write.

1 Like

Sumit Bhargava (CA Student) (326 Points)
Replied 08 May 2011

Originally posted by : CA.ViVeK M ACA
	Question paper setting is not joke. There will be some procedure and meeting at top level. After so many brainstorming CA question papers ready. So, Never think even in your dreams to cancel this question papers. Even if it is 50 : 50 basis we have to study full syllabus of both costing and FM. If any questions comes from both segment we can able to write.

Thank U..

CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat) (26258 Points)
Replied 27 June 2011

Originally posted by : Shekhar
	Hi, Cost & FM paper of this paper contained more than 70 marks from FM. However, institute clearly divides the marks as 50:50 between Cost & FM. Cannot this matter be taken to institute.

The ideology of the Institute is; never believe on anyone till you verify yourself.

While conducing audit of a client's accounts; if the client says it is all OK; no need to check, you may just sign your audit report. Can you believe on his words ?

I ask a very basic question :

For what purpose the Institute has included particular topics ? Do you find somewhere the Institute has written : You can easily skip over some of the syllabus. The answer is No. Hence the option is not available to you to skip over some part of the syllabus.

The reason is when you would be a qualified CA, then it is expected from you that you know at least something about the matter which was covered in your syllabus. I warn here; that something is not fit to be a successful practising chartered accountant.

For example; while studying Accountancy; you left the chapter Hire Purchase. By scoring 55 or so; you passed CA Final (anyhow - say by Good Luck).

Now you wish to start your own practice.

The very first client which you meet; is a person who provide finance to the cars.

Can you say him : Since I don't know what is the accounting system of Hire Purchase; hence I am not able to handle your case.

And if you take his case; definitely you have to study HIRE PURCHASE ACCOUNTING now !

So it is better alternative before you to study it now. Otherwise the option is to leave the client.

Decide now : Which option is better ?

To leave Hire Purchase Accountancy or the Client !

Of course, you can't leave anyone.

If you think; you are not interested to be a practising CA because you want to serve some reputed companies.

Suppose; you get offer from BAJAJ AUTO FINANCE.

I repeat the same question which I raised earlier.