As per March 11 Newsletter of ICAI, "there is no change in the syllabus of Final Course, except that the topic “Inflation Accounting” in Paper 1: Financial Reporting and the topics “Time Series Analysis” and “Test of Hypothesis” in Paper 5: Advanced Management Accounting have been excluded for May 2011 examination. Students may be rest assured that there is neither any revision nor any inclusion in the syllabus for May 2011 examination". Since in the past, ICAI has asked amendments in the papers. For ISCA, it is recommended to study both Testing (old) as well as (new) part, just to be safe. If you do not have much time, can risk leaving the (new) part.
CAclubindia
