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Preparation Strategy of CA Final Elective Papers The new CA Final Scheme of Exam is sought to be best as well as meeting the industrial needs and expectations. The welcome change is in paper 6 "ELECTIVE PAPER" which is the most hall mark of ever.Here the students are expected to choose one of the available six options. This is a open book case study based paper. The choice of selection is to be made by a sound decision from students end. Students once chosen have to stick to it and specialize further in it. Students should select purely on their interest , passion as well as where they indeed to build careers after CA. Students cannot merely judge the papers by way of scoring level and volume of content. It is a subjective fact that the paper selected should be where they build their future career and have command over it. Papers Under Electives 6A-RISK MANAGEMENT 6B-FINANCIAL SERVICES AND CAPITAL MARKETS 6C-INTERNATIONAL TAXATION 6D-ECONOMIC LAWS 6E-GLOBAL FINANCIAL REPORTING STANDARDS 6F-MULTI-DISCIPLINARY CASE STUDY   The step taken by ICAI of having an elective paper underlines the important aspect of today’s requirement by chartered accountant and keeping in mind how business is...

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The objective of this elective paper is to help students develop an understanding of the key concepts and principles of International Financial Reporting Standards in practical scenarios. Strategies for CA Final Global Financial Reporting Standards You need to prepare this subject when you have completed Financial Reporting since it involves the application of concepts of financial reporting. In Financial Reporting, study Ind AS thoroughly. This is a very crucial topic for this elective This subject will check your conceptual clarity of financial accounting, consolidation and related reporting practices. So, ensure that your foundations are strong Understand comprehensively the difference between IFRS and GAAPs and apply the same in practical cases Also, pay attention to the differences between Ind AS and IFRS The following material will be provided in an examination hall: Bare text on all Ind AS as mentioned on Ministry of Corporate Affairs website Difference between Ind AS and IFRS as on ICAI’s website List of IFRS corresponding to Ind AS with list of IFRICs/SICs included in Appendices to Ind AS. Relevant Information for the Exam As students are allowed to take their notes in the examination hall, there is significant importance of well-made notes. Crisp and well-structured notes can definitely help you to score well. The...

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CA Final Multidisciplinary Case Study, while seems to be one of the most challenging of all CA Final electives, is also one of the most interesting and exciting subjects to study. It integrates concepts of: Audit and Assurance Taxation Finance and Financial Management Corporate Laws Business and Management Strategies For CA Final Multidisciplinary Case Study You need to prepare for this subject after completing all the subjects since it involves the application of the core subjects of the CA final examination The study material comprises of seven case studies and their solutions. While studying, try to absorb the way in which the answers have been structured and presented in the material. Also, make tiny notes of any key points that you encounter while reading Students will be provided with the following reference material by ICAI in examination hall. For Financial Reporting: Bare text of AS 15, 21, 23, 25, 27, 28 and guidance notes as applicable, Bare text of all Ind AS and differences in Ind AS & AFor Audit. For the remaining subjects: Study material of ICAI (excluding examples, illustrations, and summary) Decide on what you would need to take along with you apart from the material which will be provided to you in...

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Main question with CA Final May 20 students - regarding delivery of Crash or Revision Course and for CA Final Nov 20 students - delivery of Relevant courses.  Since lockdown prevails for 21 days starting from 25th March... we won't be able to deliver the hard books or pendrive but we have tried to come up with a solution of providing E-books with Google Drive and activation within minimum possible time. Links (New Syllabus) Faculties Financial Reporting New Syllabus Old Syllabus   CA Parveen Jindal – Instant Google Drive Access and E-book of Module 1 CA Sarthak Jain | CA Anand Bhangariya | CA Jai Chawla | CA Rahul Malkan | CA Sumit Sarda | CA Chinmaya Hegde | CA Amit Samriya | Prof. Ishrar Shaikh - Instant Google Drive Access and E-book CA Vinod Kr. Agarwal – Instant Google Drive Access and E-book 1st Chapter CA Nehal Lathi Mittal- Instant Google Drive Access and E-book of a few Chapters CA G Saimukundhan- Online Access with E-book Strategic Financial Management New Syllabus Old Syllabus CA Vinod Kr. Agarwal – Instant Google Drive Access and E-book 1st Chapter CA Mayank Kothari / Prof. Rahul Malkan / CA Archana Khetan / CA Praveen...

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The new CA Final syllabus has a new introduction of an optional paper where students can choose one from six available options. The examination is designed to be an open bookcase study examination. The objective of this paper is to inculcate in students an understanding of the provisions of different economic laws and to equip them with knowledge and skills needed to address practical case scenarios. Strategies for CA Final Economic Law This subject is an extension of ‘Corporate and Economic Laws’. So, jump to Economic Laws only after completing Corporate and Economic Laws.While studying, you will find the following common topics from Corporate and Economic Laws: The Foreign Exchange Management Act, 1999 The Prevention of Money Laundering Act, 2002 The Insolvency and Bankruptcy Code, 2016 However, in this subject, they are given in greater detail covering all rules and regulations. If remembering provisions is not your forte, do not panic. Since this is an open book exam, just understand the concepts well and learn how to apply them in different scenarios. You can refer to the study material for quoting provisions However, you need to be well versed with the coherence and links between different acts and provisions In the examination hall, ICAI...

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The subject of International Taxation is seen as a good option for aspirants who have pursued their articleship in taxation. One advantage of choosing this elective is that preparation for the next examination is also half-done if this elective is chosen. While the sixth paper is the elective, paper 7 for CA final is Direct Tax and International Taxation. The major issue that CA aspirants talk about is the insufficiency of time for revision for the Direct Tax paper that costs them dearly in scoring. However, if elective 6 is International Taxation, 35-40% of the syllabus is already covered in the previous paper. This helps them get way ahead of the competition. There are two parts the paper can be divided into- Taxation of International Transactions & Non-resident Taxation in India, accounting for 50 marks Other aspects of international taxation for 50 marks. The second part includes tax treaties, anti-avoidance measures, tax conventions, etc. Transfer pricing, advanced ruling, taxation for foreigners, non-residents, primary/secondary adjustments are all common topics figuring in both paper 7 and paper 6C, which would make it an advantage in terms of scoring. Strategies for CA Final International Taxation We have put together to help you prepare...

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The new CA Final syllabus has a new introduction of an optional paper where students can choose one from six available options. The examination is designed to be an open bookcase study examination. Paper 6B in CA Final is Financial Services & Capital Markets, one of the electives/optional subjects for you to choose from a plethora of others.Being a concept-oriented paper, FSCM is touted as a favorite among electives due to some advantages. It is high scoring and is considered a great add-on for aspirants looking for a career in investment banking, equity research, and stock markets. The examination is an open-book type, which is both easy and difficult at the same time. While all information can be made available to you, only with conceptual clarity will you be able to use the information correctly and to score well.  Important Resources by ICAI - Study Material || Suggested Q&A This elective is also reckoned as putting CA aspirants on the same level as MBA Finance graduates due to its extensive coverage of financial markets and services, which was previously not offered during the course of CA. Preparation for CA Final Financial Management & Capital Markets We need to cover all the...

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The new CA Final syllabus has a new introduction of an optional paper where students can choose one from six available options. The examination is designed to be an open bookcase study examination. If you have chosen Risk management as your optional subject in CA Final and are looking for a Guide to Prepare for CA Final Risk Management, this article is just for you. The Risk Management paper in CA Final examination is built around applying risk scenarios to business. Many modules in this paper are from the post-qualification courses in insurance and risk management offered by ICAI. The subject is close to auditing, strategic financial management, and actuaries. Quantitative methods, corporate governance and various risk models. It is essentially an extension of the assurance subject. Preparation Strategy for CA Final Risk Management We need to cover all the topics for the preparation of Risk Management.The topics under the subjects are discussed below: Introduction to Risk Source and Evaluation of Risks Risk Management Quantitative Analysis Risk Model Credit Risk Measurement and Management The risk associated with corporate governance Enterprise Risk Management Operational Risk Management Studying from multiple study materials will only create confusion and increase your burden. It is suggested that you choose the...

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CA Final Indirect Tax is one of the dynamic subjects. It is divided into two parts, namely GST & Customs. CA Final IDT Resources by ICAI - Study Material  |  Suggested Q&A  Preparation Tips: Make sections’ summary: No matter what anyone says, sections are important! If you are not quoting sections in the explanations, no marks! So, make section summaries, highlight the sections in repetitive use, memorise them! Presentation: Always use language similar to what’s written in the book from which you are preparing. Make a habit of underlining the important keywords and answer in bullet points. MCQ: Supply, Time, Place, Value of Supply, Exemption, Introduction etc. Questions from these chapters are more likely to appear as MCQs CA Final IDT MCQs- Click Here Attempt questions of all 100 Marks: Try to attempt the complete 100 marks paper. Attempting full 100 marks paper can maximise your final marks and can increase your chances of scoring more. Refer Books: Referring books by good authors along will help in better understanding of every concepts. CA Final IDT Books - Click Here Amendments: Have a track of amendments relevant for your and couple of earlier attempts. They may turn up in exam. RTP of past 2 to 3 attempts is suggested. CA Final IDT...

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Dear CA Aspirants, the most awaited article is here. Frequently asked questions of CA Final Students for CA Final Audit has been answered. 1. Who is best faculty for CA Final Audit? It would be wrong to name any faculty as best, because every teacher is famous for his own reasons and moreover the top faculties also differ from region to region. Before buying any, please go through the demo lectures." We have made an article with all faculties Teaching Audit along with their backgrounds and reveiws from students - Click here " 2. Is study material enough for CA Final Audit? Audit being a complete theory paper, Generally the marks are awarded to students using Institute's Study Material language. But since ICAI Study material is a bit lengthy, it is generally preferred by students to refer Books by top faculties like CA Surbhi Bansal, CA Pankaj Garg etc. or Video Lectures for a better understanding. And then the student can refer to the ICAI Material to check whether any topics have been missed out or not and also consider headings given in the study material and write answers accordingly. Audit Resources by ICAI - Study Material  |  Suggested Q&A | Revision Test Papers | Mock Test Papers 3....

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Students, only 1 month is left in your exams and you must be in a dilemma how to revise Full course of CA Final in just 1 month and how to make a CA Final Preparation Strategy for last one month.  In order to clear CA Final exams, you must make a Study plan, you must revise your course throughly before the exams and PRACTICE LOT OF QUESTIONS to gain clarity over the concept clearly. But if you are sharp enough to recall everything in one revision that doesn’t waste your time. It’s time for hard work with complete dedication. You need to study 15 hours daily. Although Sailing through exams for professional courses has never been easy. It is more of a smart work rather than hard work. The exam time table has been released and it gives us almost 1 months (approx.) to revise all the subjects properly (Final preparation) and secure good marks. As we know CA Final Both Groups includes 8 subjects Financial Reporting Strategic Financial Management Corporate & Economic Law Advanced Auditing & Professional Ethics Costing (SCMPE/AMA) ** Direct Tax & International Taxation [Same for Old/New] Indirect Tax Laws [Same for Old/New] Electives (6 Paper Options) /Information system and Control...

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Preparation Strategy for CA Final Audit There is no substitute to self study. The most important thing you need to score well in the CA Final Audit Exam is persistence and self-motivation. Start with making plans and strategies for how you will prepare for CA Final Exam. Audit is a voluminous Subject of 22 chapters. Out of all the CA Final Papers, Advanced Audit Paper is the most technical one. CA Final Audit Resources by ICAI - Study Material  |  Suggested Q&A Preparation for CA Final Audit Exam Following mentioned are some points if properly followed during & before the CA Final Audit Exam can help you in fetching good marks. Use of technical words: In Audit, the right phrases and words are important. Often, the language of the Institute is what pushes students to pass the subject. Make a Summary of all technical terms, write them down separately and revise them on frequent basis. Whichever Author you refer to, make sure to refer to the Practice Manual as well to learn how to phrase your answers. Presentation: Always use language similar to what’s written in the book from which you are preparing. In Audit, start by writing the premise...

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