IMPORTANT AREAS IN ACCOUNTANCY PAPER PE2 MAY 2010

Old Course 871 views 3 replies

sree

Article assistant

2285 Points Joined January 2008

IMPORTANT AREAS IN ACCOUNTANCY PAPER PE2 MAY 2010

1. Single entry - 16 marks

2. (a) cash flow statement (8 marks)

(b) Partnership (8 marks)

(Admission cum retirement, sale to company, Gr Vs murray problem)

3. (a) Insolvency of non- corporate entity (8 marks)

(b) SEE NOTE (8 marks)

4. (a) Banking (8 marks)

(b) Electricity companies (8 marks)

5. (a) Amalgamation/absorption (8 marks)

(b) Hire purchase (8 marks)

6. Accounting standards (20 marks)

(Please read agriculture and Govt. theory too)

This is my guess paper please read all the lessons/chapters

Thanks

All the best

Note : Other important areas;

· Liquidation of a company (List B creditors or liquidators financial statement )

· Problem on sec 165

· Debentures

· Investments A/c

ALL THE BEST FOR THE EXAMS :)

Replies (3)

GAYATHRI RAM

CA FINAL

94 Points Joined July 2008

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

sree

Article assistant

2285 Points Joined January 2008

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

Rahul Bansal

Finalist

35929 Points Joined September 2009

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.