IMPORTANT AREAS IN ACCOUNTANCY PAPER PE2 MAY 2010

Thanks for this Info.. But please lemme know whether this applies for PCC too..

problems asked in todays exam

1.single enty - 16 marks

2. (a)Inslovency of non-corporate enties (8 marks)

     (b) Renconstruction ( 8 marks )

3. Cash flow statement (8marks)

     shares ( 8 marks)

4 . Electricity companies ( 8 marks )

     Investment accounts ( 8 marks )

5 Banking companies ( 4 marks)

    Insurence ( 4 marks ) 

    Partnership ( 8 marks )

6 Accounting standards  and theory (20 marks)

    AS2 ,AS12, agriculture, AS5

INFORMATION FOR IPCC:

ICAI believes in regular updation of the C.A. course to suit the fast changing environment. As part of this effort the Level Two of the course has been changed and re-christened IPCC. The details of IPCC are:

1. Completion of 9 months from date of registration for IPCC.
2. Undergo Information Technology Training (ITT) provided by ICAI itself for 100 Hours.
3. Undergo the Orientation Programme conducted by ICAI for 35 Hours.

• Eligibility Criteria:A student who has passed the CPT and 12th standard examination may join the Integrated Professional Competence Course
• Practical Training: After passing group-I of the course, a student must join a practicing Chartered Accountant for practical training (Articleship). Articleship shall be of 3 years duration (36 months).
• Additionally: In addition to artcileship a student must complete 100 hours of Information Technology Training (ITT) and 35 hours of ‘Orientation Programme’ ITT is to be started after a student registers for IPCC and completed before appearing in Group-I and Group-II of IPCE or Group I / ATE. Orientation Programme is of 4 sessions per day for 35 hours with an ICAI accredited institute.
• Integrated Professional Competence Examination (IPCE): A student will have to appear for the IPCE after fulfillment of following conditions: PCE is conducted twice in a year, May and November.