www.caspot.com brings you the exclusive post of all important topics for CA IPCC exams for Group 1 Accounts with amendments applicable for november 2014
Recent toppers have stated that, ICAI’s practice manual is the best and that’s what makes the difference.
Important Chapters/Topics:
- Partnership – Retirement
- Single Entry
- Insurance for loss of Profit
- AS 6,9 and 10
Accounting Amendments:
Exclusion of Hire Purchase Trading A/c, Stock and Debtors Method from IPCC Syllabus:
In Accounting paper, ICAI has made it clear that, these topics are no longer relevant and
they are in wrong motion. By this, it is quite clear that ICAI has decided to exclude these topics with immediate effect and so will not be applicable for the upcoming November 2013 exams.
Amendments in Acocunting for IPCC Nov 2014 Exams:
A. Pronouncements
Accounting Standards 1, 2, 3, 6, 7, 9, 10, 13 and 14 are covered in the syllabus. (Text of all applicable Accounting Standards are available in the Appendix I of Volume I of ‘Accounting’ Study Material revised in November, 2012.).
B. Announcement relevant for Nov 2014 examination
Criteria for Classification of Entities and Applicability of Accounting Standards
Due to recent changes in the enhancement of tax audit limit, the Council of the ICAI has recently decided to change the 1st criteria i.e. determination of SME on turnover basis for Level II entities from Rs. 40 lakhs to Rs. 1 Crore with effect from the accounting year commencing on or after April 01, 2012.
Indian ASs Issued by The Ministry of Corporate Affairs: These ASs are not applicable for students appearing in Nov 2014 Exams.
Indian ASs Issued by The Ministry of Corporate Affairs: These ASs are not applicable for students appearing in Nov 2014 Exams.
YOU MAY ALSO LOOK AT OUR JOBS WEBSITE :
0 comments:
Post a Comment
I Appreciate your valuable Feedback. So, Please DO NOT SPAM - Spam comments will be deleted immediately.
Thanks n Regards,
NISHANT JAIN