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Friday, 29 August 2014

Indian Contract Act Notes

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Guys from here you can download Indian Contract Act 1872 Notes, in simple language and easy to learn. The notes are fully fledged with examples to give you guys better understanding about the provisions.


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CA Final RTP For November 2014

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Guys ICAI has released the CA Final RTP for November 2014 Exams. 
As you all know the RTP are based on new syllabus and also contains the amendments of CA Final November 2014 and May 2015 Exams. The answers are based on the latest amendments. Its really important to do RTP before exams because its the best practice option available to the student containing all the latest amendments and questions based on them.
 
 
 
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Thursday, 28 August 2014

CA Final Cost OR TheoryNotes

ISCA Complete Notes for November 2014 Onwards

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Paper 6: Information Systems Control and Audit
[One paper: Three Hours – 100 marks]

Level of Knowledge :

Advanced knowledge.

Objectives:

To gain application ability of necessary controls, laws and standards in computerized Information system.

Contents:

1. Information Systems Concepts

General Systems Concepts – Nature and types of systems, nature and types of information, attributes of information.

Management Information System – Role of information within business

Business information systems –various types of information systems – TPC, MIS, DSS, EIS, ES
2. Systems Development Life Cycle Methodology

Introduction to SDLC/Basics of SDLC

Requirements analysis and systems design techniques

Strategic considerations : Acquisition decisions and approaches

Software evaluation and selection/development

Alternate development methodologies- RAD, Prototype etc

Hardware evaluation and selection

Systems operations and organization of systems resources

Systems documentation and operation manuals

User procedures, training and end user computing

System testing, assessment, conversion and start-up

Hardware contracts and software licenses

System implementation

Post-implementation review

System maintenance

System safeguards

Brief note on IS Organisation Structure
3. Control objectives

(a) Information Systems Controls

Need for control

Effect of computers on Internal Audit

Responsibility for control – Management, IT, personnel, auditors

Cost effectiveness of control procedure

Control Objectives for Information and related Technology (COBIT)
(b) Information Systems Control Techniques

Control Design: Preventive and detective controls, Computer-dependent control, Audit trails, User Controls (Control balancing, Manual follow up)

Non-computer-dependent (user) controls: Error identification controls, Error investigation controls, Error correction controls, Processing recovery controls
(c) Controls over system selection, acquisition/development

Standards and controls applicable to IS development projects

Developed / acquired systems

Vendor evaluation

Structured analysis and design

Role of IS Auditor in System acquisition/selection
(d) Controls over system implementation

Acceptance testing methodologies

System conversion methodologies

Post implement review

Monitoring, use and measurement
(e) Control over System and program changes

Change management controls

Authorization controls

Documentation controls

Testing and quality controls

Custody, copyright and warranties

Role of IS Auditor in Change Management
(f) Control over Data integrity, privacy and security

Classification of information

Logical access controls

Physical access controls

Environmental controls

Security concepts and techniques – Cryptosystems, Data Encryption Standards (DES), Public Key Cryptography & Firewalls

Data security and public networks

Monitoring and surveillance techniques

Data Privacy

Unauthorised intrusion, hacking, virus control

Role of IS Auditor in Access Control
4. Audit Tests of General and Automated Controls

(a) Introduction to basics of testing (reasons for testing);
(b) Various levels/types of testing such as: (i) Performance testing, (ii) Parallel testing, (iii) Concurrent Audit modules/Embedded audit modules, etc.
5. Risk assessment methodologies and applications:

(a) Meaning of Vulnerabilities, Threats, Risks, Controls, (b) Fraud, error, vandalism, excessive costs, competitive disadvantage, business, interruption, social costs, statutory sanctions, etc. (c) RiskAssessment and Risk Management, (d) Preventive/detective/corrective strategies
6. Transfer pricing

(a) Fundamentals of BCP/DRP, (b) Threat and risk management, (c) Software and data backup techniques, (d) Alternative processing facility arrangements,(e) Disaster recovery procedural plan, (f) Integration with departmental plans, testing and documentation, (g) Insurance
7. An over view of Enterprise Resource Planning (ERP)
8. Information Systems Auditing Standards, guidelines, best practices (BS7799, HIPPA, CMM etc.)


Tuesday, 12 August 2014

company law 2013 Sections Applicable in CA Final November Exams

S.No. Section no. as per Companies Act, 1956 Section no. as per Companies Act, 2013 Provisions
1 207 127 Punishment for failure to distribute dividends.
2 211 133 Central Government to prescribe accounting standards.
3 (i) 260 161(1) Appointment of additional director
(ii) 313 161(2) Appointment of Alternate director
(iii) No Provision 161(3) Appointment of Nominee director
(iv) 262 161(4) Filing of Casual Vacancy
4 263 162 Appointment of directors to be voted individually.
5 265 163  Option to adopt principle of proportional representation for appointment of directors.
6 290 176  Defects in appointment of directors not to invalidate actions taken.
7 293 180 Restrictions on powers of Board.
8 293(1)(e) 181 Company to contribute to bona fide and charitable funds, etc.
9 293A 182 Prohibitions and restrictions regarding political contributions.
10 293B 183 Power of Board and other persons to make contributions to national defence fund, etc.
11 295 185  Loan to directors, etc.
12 No Provision 192 Restriction on non-cash transactions involving directors.
13 No Provision 194 Prohibition on forward dealings in securities of company by a key managerial personnel.
14 No Provision 195 Prohibition on insider trading of securities.
15 318 202 Compensation for loss of office of managing or whole-time director or manager.
16 591 379  Application of Act to foreign companies.
17 595 382  Display of name, etc., of foreign company.
18 596 383 Service on foreign company.
19 602 386  [Except clause(a)] Interpretation.
20 615 405  Power of Central Government to direct companies to furnish information or statistics.
21 619A 394 Section 394- Annual reports on Government companies.
22 620 462 Power to exempt a class or classes of companies from provisions of this Act.
23 621 439 Offences to be non-cognizable.
24 624A 443 Power of Central Government to appoint company prosecutors.
25 624B 444 Appeal against acquittal.
26 No Provision 445 Compensation for accusation without reasonable cause.
27 626 446 Application of fines.
28 No Provision 447 Punishment for fraud.
29 628 448 Punishment for false statements.
30 629 449 Punishment for false evidence.
31 629A 450 Punishment where no specific penalty or punishment is provided.
32 No Provision 451  Punishment in case of repeated default.
33 630 452  Punishment for wrongful withholding of property.
34 631 453 Punishment for improper use of “Limited” or “Private Limited”.
35 633 463 Power of Court to grant relief in certain cases
36 635A 456 Protection of action taken in good faith.
37 635AA 457 Non-disclosure of information in certain cases.
38 637 458 Delegation by Central Government of its powers and functions.
39 637A 459 Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications
40 637B 460 Condonation of delay in certain cases.
41 638 461 Annual report by Central Government.
42 641 467 Power of Central Government to amend Schedules.
43 642 469 Power of Central Government to make rules.
44 643 468 Power of Central Government to make rules relating to winding up.
45 No Provision 470 Power to remove difficulties.

Saturday, 9 August 2014

HOW TO APPLY FOR REVALUATION FOR CA IPCC/FINAL EXAMS

Q1. What is Revaluation of Marks?
If you are not satisfied with the Marks awarded to in the CPT Result/ IPCC Result/ CA Final Result , you should apply for Revaluation of Answer Sheets.
From November 2011 onwards you can also ask for the disclosure & inspection of your answer sheet.

Q2. What is the Procedure to apply for Revaluation of Marks?
No Standard Procedure/ Application Form if there for applying for Revaluation of Marks of CA CPT / CA IPCC / CA Final.
You have to send a simple Hand written application to the Institute in your Own Handwriting mentioning the following details:
  • Your Roll No. (CPT Admit Card / IPCC/ Final Admit Card)
  • Your Registration No.
  • Paper(s) to be verified
  • Examination Appeared for Like: (CA CPT / PCC / IPCC / Final)
  • Your Address for Communication
If your medium of examination was in Hindi then you have to send the application for Revaluation of marks in Hindi in your own handwriting. You have to sign the application & with the application you have to send the requisite fee by way of DD (Demand Draft) within 1 month of the date of declaration of Results.
You don’t have to write your mobile no. or email id or landline numbers for such verification requests. In case you send the Printed Application, it will be rejected instantly. So better write it down.
You can file Application for Verification/ Revaluation of Marks online on the official website:http://icaiexam.icai.org.

2. What is the fee for Revaluation of Marks?
Fee for Revaluation of Marks for IPCC and Final Rs. 100 /- per paper subject to a maximum of Rs. 400/- for all the papers of a group/ both groups.
Fee for Revaluation of Marks for CPT Rs. 200
Fees is to be remitted by way of Demand Draft in favor of “The Secretary, The Institute of Chartered Accountants of India” payable at New Delhi.
3. What aspects are covered in Verification of Marks?
Ans. It covers the following:
  • Whether the answer book(s) compilation is complete
  • Whether any question or part thereof has remained unvalued
  • Whether there is any totaling error in any question or total marks on the cover page
  • Whether there is any discrepancy between the marks for each question and or/part thereof and marks for each question indicated on the cover page of the answer book
  • Whether the handwriting of the candidate in all the answer books is the same

4. Where to send the Application?
You have to send/ deposit the Application & Demand Draft at either of the following address:
a. “The Additional Secretary (Exam), ICAI Bhawan, Post Box No. 7112, The Institute of Chartered Accountants of India, Indraprastha Marg, New Delhi – 110 002“
b. “The Senior Deputy Director (Exams), The Institute of Chartered Accountants of India, C-1, Sector -1, Noida- 201301“

5. When is the Revaluation Result announced?
It can take good 6-8 weeks for the declaration of result. (May be longer sometime)
Results are displayed online but a written communication is also sent to you at the address mentioned by you in the application.
If your marks are revised after revaluation then you will also get a Revised Marksheet.
You can check your results of Verification/Revaluation of Marks Online
In case you don’t receive the result latest upto 20 days before commencement of the next exam, you have to send an email to the exam department at exam@icai.org

6. What could be the possible result of Revaluation?
The Revaluation can result in:
  • No Change of Marks
  • Increase of Marks, impacting Result or Exemption in one or more papers
  • Increase in Marks, which does not have any impact on Result or Exemption in one or more papers
  • Decrease of Marks

7. Do we get refund in case of change of Marks?
If your marks change, the verification fee will be refunded to you automatically.
You don’t need to make any separate claim for refund & a demand draft will be sent to your address.
Advice: If your Revaluation result is not announced before the last date of submission of Next Examination Form, then you must apply for the next exams.
Now, if later on your Revaluation Result comes positive and you are declared as passed in the Revaluation Process– then Examination Fees paid by you will also be refunded. (Isn’t it good enough?)
Process of Online Application for Revaluation
1. Write an application for Revaluation of marks in your own handwriting.
2. Scan the application.
4. On the upper left hand side click on “Apply Online for Verification, Inspection or Certified Copies”
5. Following options will open when you place the mouse over it:
a. Apply Online for Verification of Nov2013 Exams
b. Check payment status of Verification of Answer Books
c. Apply online for Inspection or Certified Copies- Nov2013
d. Check payment status of Inspection or Certified Copies of Application.
Click on the “a.” option.
6. You will be taken to a new webpage which gives the details of online application procedure. Go through the details and click on the link at the bottom of the page.
7. Then a new page will get opened. Enter your details over there and it will be all done

Friday, 8 August 2014

Cost FM All Formulas (Handwritten) Notes for ca ipcc

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Cost FM All Formulas:

 

Topics Covered :

  1. Operating Costing

  2. Overheads

  3. Joint and By-product Costing

  4. Marginal Costing and Absorption Costing

  5. Reconciliation

  6. Standard Costing

  7. Process Costing

  8. Cost Sheet

  9. Contract Costing

  10. Labor Costing

  11. Integrated and Non-Integrated

  12. Material

  13. Capital Budgeting

  14. Capital Structure

  15. Cash Flow Statement

  16. Cost Of Capital

  17. Debtors Management

  18. Fund Flow Statement

  19. Leverages

  20. Ration Analysis

  21. Working Capital Management

  22. Important Theory Questions Of Costing (With Answers)

  23. Important Theory Questions Of Financial Management (With Answers)\