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CA FINAL IMPORTANT TOPICS MAY 2015

CA FINAL IMPORTANT TOPICS MAY 2015

Paper 1: Financial Reporting – ( CA FINAL IMPORTANT TOPICS MAY 2015 )

  • start with some CA FINAL IMPORTANT TOPICS MAY 2015 as Important AS – accounting standards –  first which are Important .. – AS 2, 15 ,16 ,22 ,28 ,30 ,31 ,32
  • Practice sums on Consolidation from Practice manual
  • Share Based Payments… 1 Sum on ESOP is likely to come
  • practice Valuation of Goodwill.
  • After all these, den come again over AS which are left so as to maintain balance between chapters and AS.. Den Amalgamation. Amalgamation is Big chapter BUT it is very easy
    so kip it in last. BUT DON’T FORGET TO PRACTICE AMALGAMATION… AMALGAMATION IS IMPORTANT..

Paper 2: Strategic Financial Management – ( CA FINAL IMPORTANT TOPICS MAY 2015 )

  • Leasing is important. Dividend Policy- using MM Theory, Bond Valuation,YTM, Portfolio- CAPM,APT, sharpe index is not so imp but it is advisable to have look once on it.
  • How to Hedge Currency Risk, Swaps, how to calculate value of call/put option, BLACKSCHOLES Model is IMPORTANT, Decision Making Sums in Capital Budgeting, Capital Rationing, Sums on Factoring

Paper 3: Advanced Auditing and Ethics – ( CA FINAL IMPORTANT TOPICS MAY 2015 )

  • Start wid Ethics Portion First.. it is very easy and scoring.. 16 marks are very easy to score…
  •  Do some Imp SA first : Representations By Management, Audit using the work of Expert, Analytical procedures, Auditor’s responsibility relating to Fraud, Identifying and Assessing the risk of material Misstatement, External confirmations, Subsequent events.
  • Don’t Do CARO as its not a part of syllabus for may 2015 exams, see the notification link below
  • den proceed wid sum practical topics like Audit of Insurance companes, banks.. In these chapters, dont spend more times.. Just complete wid thorough reading and remember the common points only…
  • Again continue wid SA.. it will help u to maintain balance between chapters and SA’s
  • To fetch More marks, try to give reference to AS,SA and companies Act in all practical case studies… it will give u more marks.. Giving u example.. Like any case come relating to Related Parties Transaction.. u can give reference of AS 18, Give refernce of SA. Also Companies Act states provision about Related parties. Now Compile ur answer together.. It will really fetch gud marks. Hope u all get it my point.. Refer Surbhi Bansal Mam’s Book for Audit…

Paper 4: Corporate and Allied Laws – ( CA FINAL IMPORTANT TOPICS MAY 2015 )

  • Do this Question- Obligations of Banking companies under Prevention of Money laundering Act.
  • 1 case law on Oppression and Mismanagement.
  • Directors are Important. it will cover around 30-35 marks. Any portion can be asked. so study in full
  • Now complete wid Banking Act, FEMA
  • u have to balance company law and Allied law.. Refer Munish Bhandari for Law.. Best Book..

Paper 5: Advanced Management Accounting- ( CA FINAL IMPORTANT TOPICS MAY 2015 )

  • Complete with QT portion first. it is very easy and scoring too.. Network, Linear Programming are favourite chapters of icai.
  • Try to solve sums from practice manual. important chapters- standard Costing, Marginal Costing and Transfer pricing.. Rest chapters r also imp But 1st do dis.. Try to make chapters conceptually strong as unlimited sums r der.. so only solving will not help u out.. Solve practice manual and RTP..No extra books required for Costing..

Paper 6: ISCA – ( CA FINAL IMPORTANT TOPICS MAY 2015 )

  • Since The Syllabus Has Changed in Nov 2014 There Is Nothing Such As Important For May 2015 exams and Students Have To COVER The WHOLE Topic For Their Exams.

Paper 7: DIRECT TAX  – ( CA FINAL IMPORTANT TOPICS MAY 2015 )

  • Cover all Amendments First
  • case laws issued by ICAI for MAY 2015  is also important
  • AMT AND MAT
  • TDS
  • Now do PGBP. it is lenghty but easy..solve from practice manual. sec 28(chargeability), sec 35AD, sec40A(2),40A (3),43B, PTS. Sums on LLP must do..
  • now do Wealth Tax.it will fetch 10 marks..
  • now do small chapters like Setoff, clubbing, DTAA
  • Then start wid CG.. again big chapters..
  • Remember Tax is very lengthy and it is not possible to do all chapters and all sums. so manage ur time accordingly and if not possible to do all sums, leave it, just have a knowledge on subject matter.. Concept should be clear

 

Paper 8: Indirect Tax – ( CA FINAL IMPORTANT TOPICS MAY 2015 )

  • Cover All Amendments First
  • case laws issued by ICAI for MAY 2015 is also important
  • Complete POT first, den start wid
  • Service tax. scoring and easy.
  • ALL THE BEST

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