Sunday 30 April 2017

ISCA Quick Revision Capsule by ICAI for CA Final

In theory subjects like ISCA, short revision notes do come in handy. This is to facilitate multiple revisions and better retention of the theory content.

Luckily, ICAI has started providing short revision capsules for the students. These are very helpful. Previously, the Institute provided IDT Quick Revision Capsule for CA Final students. this time they have provided it for ISCA.

The revision capsule is covered with colourful charts and diagrams. This will surely build up interest of the students too.

To download this material in PDF, click on the link given down below:

Download ISCA Quick Revision Capsule

I hope that this file will be helpful your CA Final Group 2 Examinations.

CA CPT Depreciation Accounting Updated Study Material

The old AS 6 Depreciation Accounting has been replaced with AS 10 Property, Plant and Equipment. Hence this update is important for CA CPT students who are going to appear for June 2017 exams.

ICAI has revised the contents of Chapter 5 of Depreciation Accounting in the Study Material of Section A: Fundamentals of Accounting in line with the new Accounting Standard.

Therefore, students who are studying from Nov. 2015 or earlier edition of study material are required to follow the updated study material regarding this chapter.

The link to the updated chapter 5 has been given below:

Download Chapter 5 Depreciation Accounting ICAI Material

If you are self studying for CA CPT June 2017 attempt you many want to check out mercantile law notes which will surely help you.

Wednesday 26 April 2017

Guide to Solve Consolidation Questions Step by Step

Consolidation Financial Statements is a very important chapter in CA Final Financial Reporting. In this post, I am providing a link to download guide on how to solve consolidation questions.

These notes are made by CA. Sumit L. Sarda. He has explained step-wise on how to solve the consolidation questions with the help of two questions. I hope that the students find this file and the solved examples given inside useful.

To download the file in PDF, the link has been given below:

Download Consolidation Notes

If you want some practice papers, be sure to download icai mock test papers for ca final which will help you a lot,

Monday 24 April 2017

CA Final Mock Test Papers With Solutions for May 2017

ICAI conducts mock exams before each and every attempt of CA Final. The mock exam for May 2017 attempt has already been conducted by ICAI. If you missed it or didn't want to give the test then you need not worry. ICAI has also released mock test papers for the May 2017 attempt.

The mock test papers are available for all the subjects viz.

Paper – 1 : Financial Reporting
Paper – 2 : Strategic Financial Management
Paper – 3 : Advanced Auditing and Professional Ethics
Paper – 4 : Corporate and Allied Laws
Paper – 5 : Advanced Management Accounting
Paper – 6 : Information Systems Control and Audit
Paper – 7 : Direct Tax Laws
Paper – 8 : Indirect Tax Laws

The link of compiled PDFs of the Mock Test Papers are given below. The solutions are also given after MTP of each subject. Click on the file name to download the relevant compilation of MTPs.

File Name
Both Groups Mock Test Papers for CA Final May 2017
Group 1 MTPs for CA Final May 2017
Group 2 MTPs for CA Final May 2017
For practicing and checking your time management, these mock test papers will be very much helpful to the students.

Tuesday 11 April 2017

FR Amendment Notes by CA Parveen Sharma for May 2017

Parveen Sharma sir is considered the best teacher for CA Final Financial Reporting. Many students study FR from him only. So in today's post I am giving a link to download Amendment Book by him.

The amendment notes of FR will surely help you. Praveen Sharma sir has given questions on Revised AS 10: Property, Plant and Equipment, IND AS 11 and IND AS 18. Besides this, he has also given relevant notes for IND AS 11 and IND AS 18.

To download the PDF of this material for May 2017, click on the link given below:

Download FR Amendment Book by CA Parveen Sharma

Be sure to check out other notes on the website too. Also, please like our Facebook page.

Monday 10 April 2017

IDT Quick Revision Capsule by ICAI for CA Final

In this post you can find a link to download IDT Revision Capsule. This capsule was printed in the Student Journal of ICAI for April 2017.

These notes are crisp, colourful and concise. These will help the CA Final Students in quick revision before examination.

The capsule on Indirect Tax Laws is based on the position of law as amended by the Finance Act, 2016 & significant notifications and circulars issued till 31/10/2016 and is thus, relevant for students appearing in May, 2017 examination.


However please note that this capsule is a tool for quick revision of some significant aspects of IDT Laws and thus, should not be taken as a substitute for the detailed study.

The link to download IDTL Revision Notes has been provided below:

Download IDT Revision Capsule for CA Final May 2017

The PDF is of only 23 pages. I hope that you can quickly revise the syllabus using the file provided. Do share this file with other students.

Friday 7 April 2017

CENVAT Credit Rules (CCR) Handwritten Notes for CA Final

Download CENVAT Credit Rules, 2004 [CCR] handwritten notes. The summary notes are made by Sachin Yadav. He has covered all the concepts very well.

These short notes will help you in revision of the whole CCR for CA Final. To download the file, the link has been given below:

Download Cenvat Credit Rules Handwritten Notes

I hope this file will help you out in studying CCR effectively.

If you are looking for Direct Tax Amendment Notes, do check out the link provided.

Thursday 6 April 2017

SFM Chapter Wise Weightage of Marks from Past 13 Attempts

It is said that past paper analysis is useless in CA exams. However, I find them to be useful. Although we might not be able to predict the chapter-wise weightage which will be asked in our attempt. The analysis certainly teaches us a thing or two.

SFM is one of the two practical papers in CA Final Group 1. Here's the chapter-wise analysis of the past 13 exams from Nov 10 to Nov 16:

SFM Past 13 Exams Analysis


This analysis has been done in two tables. One table shows the analysis of the entire 120 marks paper. Another table shows the analysis of theory question which comes in the paper.

I find this analysis to be very helpful for the CA Final students appearing the upcoming attempt. This analysis has been done by CA. Mayank Kothari. To download the PDF of the analysis click the link given below:

Download SFM Chapter Wise Weightage in Past Year Attempts

Please don't forget to share this post with your friends.

Wednesday 5 April 2017

Bonus Act Handwritten Summary Notes for IPCC

Bonus Act generally comes for 4 marks in IPCC Business Laws, Ethics and Communication paper. To revise this act quickly, handwritten notes will be very useful.

In this post, I am providing you a link to download handwritten notes of Bonus Act. These are colourful. The notes will help you in your last day revision.

This file has been provided by Raghunath Sahoo. To download the file in PDF click on the lin that has been given under:

Download Bonus Act Handwritten Notes for IPCC

If you want more such notes, like our Facebook page to be updated.

Tuesday 4 April 2017

CA Final Advance Auditing Amendments for May 2017

In this post, I am providing a link to download amendment notes for CA Final Advance Auditing and Professional Ethics. These amendment notes have been provided by Gunjan Pravin Shingavi

The content of the file is given below:
  1. Standard on Auditing (SA) 610 (Revised) Using the Work of Internal Auditors
  2. Standard on Assurance Engagement (SAE) 3420: Assurance Engagements to Report on the Compilation of Proforma Financial Information Included in a Prospectus.
  3. Companies Auditor’s Report Order (CARO), 2016
  4. Guidance Note on Reporting under Section 143(3)(f ) & (h) of Companies Act, 2013
  5. Guidance Note on Reporting of Fraud Under Section 143 (12) of Companies Act, 2013
  6. Guidance Note on Internal Financial Control over Financial Reporting
  7. Recent Decisions of Ethical Standards Board 
  8. Tendering
  9. Section 130: Re-opening of accounts on court’s or Tribunal’s orders
  10. Section 131: Voluntary revision of financial statements or Board’s report
To download the PDF of these amendments, please click the link given below:


Please share this resource with as many CA Final students as possible.