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CA Intermediate Accounting Amendments for May 2018

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CA Intermediate (CA IPCC New Course) Accounting  Amendments for  May 2018 

Ever heard of a successful Chartered Account who’s weak in Accountancy? Neither have we. So, you already know this, Accountancy is among the most important subjects in CA. The syllabus of Accountancy, as covered under CA Intermediate, is designed to give the students a thorough idea of core accounting concepts. CA Intermediate Accountancy consists of a total of 15 chapters which are divided into 3 modules for the convenience of the students. 

Thankfully for the students, ICAI has come up with the Amendments for CA Intermediate, May 2018 attempt. Given that Accountancy has more to do with solving problems than theoretical learning, the AMENDMENTS  is a good way to revisit your leanings at a glance. Referring to the AMENDMENTS  is the best way to enhance your expertise and score more in the upcoming CA Intermediate exams. It will help you to master the core concepts, and you can keep solving sums till you can do them in your sleep. 

List of Applicable  Accounting  Standards

 AS 1  : Disclosure of Accounting Policies

AS 2  : Valuation of Inventories

AS 3  : Cash Flow Statements

AS 4  : Contingencies and Events occurring after the Balance Sheet Date

AS 5  : Net Profit or Loss  for  the  Period,  Prior  Period  Items  and  Changes  in  Accounting Policies

AS 10: Property, Plant and Equipment

AS 11: The Effects of Changes in Foreign Exchange Rates

AS 12: Accounting for Government Grants

AS 13: Accounting for Investments

AS 16: Borrowing Costs

AS 17: Segment Reporting

AS 22: Accounting for Taxes on Income

Applicability of the Companies Act, 2013 and other Legislative Amendments for May 2018 Examination

The relevant notified Sections of the Companies Act, 2013 and legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authorities up to 31st October, 2017 will be applicable for May, 2018 Examination.

Non-Applicability of Ind AS 

The Ministry of Corporate Affairs has notified Companies  (Indian  Accounting  Standards)  Rules, 2015 on 16th February, 2015, for compliance by certain class of  companies.  These Ind AS do not  form part of the syllabus and hence are not applicable.

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CA Intermediate Amendments for May 2018

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Ever heard of a successful Chartered Account who’s weak in Accountancy? Neither have we. So, you already know this, Accountancy is among the most important subjects in CA. The syllabus of Accountancy, as covered under CA Intermediate, is designed to give the students a thorough idea of core accounting concepts. CA Intermediate Accountancy consists of a total of 15 chapters which are divided into 3 modules for the convenience of the students.

 

Thankfully for the students, ICAI has come up with the Amendments for CA Intermediate, May 2018 attempt. Given that Accountancy has more to do with solving problems than theoretical learning, the AMENDMENTS  is a good way to revisit your leanings at a glance. Referring to the AMENDMENTS  is the best way to enhance your expertise and score more in the upcoming CA Intermediate exams. It will help you to master the core concepts, and you can keep solving sums till you can do them in your sleep.

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