Discuss and download question paper CA Final May 2017

Ques 7 was horrible...And wat is market oriented brand value.... Derecognition of loan all wrong...Sad for me :-( :-(

Ind AS came for 20 marks. And valuation came for 32 marks i think(Q3b, 5b and 6).

No questions from Amalgamation, Share based payments or Value Added statement.

Around 80 marks were asked from SM and PM, but the questions were difficult. Unless you had already solved it atleast once before, you wont solve it during exam time without taking atleast 45 minutes for each question. Even if you had thorough conceptual knowledge.

Paper was designed more for people who did plenty of practice and not for testing conceptual clarity.

Q1. Same kind of probelms (Few) have already asked in AS, but now solution asked as per IND AS.  I have not studied the IND that much.

for everyone whos saying 70 to 80 marks came from  PM , that is the case in every attempt I assure you, go check last 10 attempts  (for FR).

The paper was easy cause the sums were familiar , but very very lenghty .

Chapters like Share based payments , EVA , VAS that are way more straight forward and quick to finish were missing in todays paper so that made up for the questions being familair. (these sums come for 20 to 25 marks even in tough papers , and I prefer them over valuation questions that take 30 mins to solve for 8 Marks even if you know the solution)

Ind As practical questions  was a shocker , these are not there in the study material aswell . We only have Ind AS vs AS and Carve outs / Ins ( are these there in the accounting pronouncement Material?)

Even Q2 was required to be solved as per IND AS 28 ' Interest in JV " .

IND AS 28 is called "Investment in Assocaites and JV" , not Interests in JV . Need to wait till the suggested answers are out to conclude if the paper went well or no 

The accounting standard sums were familiar. But the fact that they asked for Ind AS was disappointing. There was no indication of practical questions in the RTP. Also, how is someone supposed to solve so many valuation sums in 3 hours ? People are there who probably managed time well, but I'm pretty sure they left Ind AS sums. Don't think I'll clear. But this is a shocker. Can't keep playing with students minds like this. We're ready to learn, but if there's no indication, don't know how we're going to move ahead. 

Dear All,

Paper was so easy but only if u have studied IND AS . ICAI has already issued the notification for the applicability of IND AS in upcoming examination .

Total 52 Marks Question were asked from IND AS ( Holding question was also on the basis of IND AS)

Study well and do well

All the best 

May God Bless You 

CA FINAL FINANCIAL REPORTING MAY 2017 EXAM ANALYSIS SHARMA SIR    https://www.youtube.com/watch?v=gtFKt1q-iXY     FOR HOLDING Q WRONG https://www.youtube.com/watch?v=EMbFCpzVXQ8