CA Final Indirect taxes
May. 2017 exams
(Amended as per Finance Act 2016,
Circulars and notifications up to 31.10.2016)
(Also useful for CWA/CS)
CA N. Rajasekhar M.com FCA DISA (ICAI)
Every attempt is mad
The Statement of Cash Flows
Purpose of a statement of cash flows:
To provide information about the cash inflows and outflows of an entity during a period.
To summarize the operating, investing, and financing activities of the business.
The cash flow sta
PENALTIES UNDER INCOME TAX ACT, 1961
A COMPLETE LIST OF PENALTIES UNDER
INCOME TAX ACT, 1961
1. Penalty under Section 270A (Penalty for under reporting and misreporting of
If during the assessment proceedings, it is found that an assessee have un
Government of india
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE & CUSTOMS
New Delhi, the 2nd February, 2009
All Chief Commissioners of Customs,
All Chief Commissioners of Customs & Central Excise,
Chief Departmental Representative
PRESUMPTIVE TAXATION AND TAX AUDIT
[AS AMENDED BY FINANCE ACT, 2016]
Relevant for Tax Audit to be conducted for the Financial Year 2016-17
Also useful for Article Assistants appearing for May 2017/Nov 2017 Exam
CA MEHUL THAKKER
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Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May, 2016
Paper 1: Financial Reporting CA Final Amendments May 2016
With reference to the Announcement regarding Non-application of AS 30, AS 31 and AS 32 in
Details of 15 days Academic Program for students
The 15 days academic program (i.e. PIP+PEGP+PSDP+PEDP) shall be applicable for all
students who have completed their Executive Program (i.e. passed both/all modules of
Executive Program) on or after 25th Au
BOARD OF STUDIES
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
[Syllabus specified by the Council under Regulation 31 (ii) of the Chartered Accountants
Curriculum for Final Course
Financial Reporting (100 Marks)
GUIDELINES FOR PROVIDING FINANCIAL ASSISTANCE
FROM ICSI STUDENTS EDUCATION FUND TRUST ( ICSI-SEFT)
( amended up to May 2014 )
The Council of the Institute in its 182nd meeting held on 31.08.2008 has approved
creation of ICSI Students Education Fund Trust
Negative List - 66D
KAIVAL SHAH ( CA Finalist )
"Why Learn so Hard , when things can be made EASY"
Events after the Reporting Period
Indian Accounting Standard (Ind AS) 10
Events after the Reporting Period
RECOGNITION AND MEASUREMENT
Adjusting events after the reporting period
PAPER 2 : STRATEGIC FINANCIAL MANAGEMENT
Question No.1 is compulsory.
Answer any five questions from the remaining six questions.
Working notes should form part of the answers.
(a) On April 3, 2016, a Bank quotes the following:
Spot exchange Ra
Production Strategy Formulation
The strategy for production is related to the production system, operational planning and
control, and research and development (R&D). The strategy adopted affects the nature of
product/service, the markets to be served,
Formulation of Functional Strategy
employee and the job and retaining, motivating and empowering employees to perform well in
direction of corporate objectives.
Strategic human resource management may be defined as the linking of human resource
Marketing Strategy Formulation
Marketing is a social and managerial process by which individuals and groups obtain
what they need and want through creating, offering and exchanging products of
value with others.
Ordinary marketing is an a
Research and Development
Research and development (R&D) personnel can play an integral part in strategy
implementation. These individuals are generally charged with developing new products and
improving old products in a way that will allow effective s
Financial Strategy Formulation
The financial strategies of an organization are related to several finance/accounting concepts
considered to be central to strategy implementation. These are: acquiring needed
capital/sources of fund, developing projected
Formulation of Functional Strategy
Understand how functional strategies are formulated.
To have a fair idea about the role of marketing strategy in implementation.
Learn different aspects of financial strategy.
Know how to formul
Learn the meaning of strategic intent and vision.
Understand the process of strategy formulation.
Know the different stages of strategy-formulation-implementation process
Have knowledge of different generic strateg
Glueck and Jauch Generic Strategic Alternative
According to William F Glueck and Lawrence R Jauch there are four generic ways in which
strategic alternatives can be considered. These are stability, expansion, retrenchment and
7. Portfolio Analysis
In order to analyse the current business portfolio, the company must conduct portfolio
analysis(a tool by which management identifies and evaluates the various businesses that
make up the company). In portfolio analysis top managemen
Human Resource Strategy Formulation
The job of human resource manager is changing rapidly as there companies that downsize
and reorganize. Strategic responsibilities of the human resource manager include assessing
the staffing needs and costs for alter
Management of logistics is a process which integrates the flow of supplies into, through and
out of an organization to achieve a level of service which ensures that the right materials are
available at the r
Know the importance of strategic analysis in the formulation of strategy.
Learn some of the methods of competitive analysis that are used in business
Know what is SWOT and TOWS analysis.
Planning is future oriented. It relates to deciding what needs to done in the future (today, next
week, next month, next year, over the next couple of years, etc.) and generating blueprints for
action. Good planning is an important constituent
5. SWOT Analysis
The next component of strategic thinking requires the generation of a series of strategic
alternatives, or choices of future strategies to pursue, given the organisational internal
strengths and weaknesses and its external opportunities a
4. The methods of Industry and Competitive Analysis
Industry and competitive analysis can be done using a set of concepts and techniques to get a
clear picture on key industry traits, the intensity of competition, the drivers of industry change, the
Mergers and Acquisitions in organizations:
Many organizations in order to achieve quick growth or expansion or diversification often use
strategies such as mergers and acquisitions. This also helps in deploying surplus funds.
2. Situational Analysis
All business organisations operate in a 'macro environment' shaped by influences emanating
from the economy at large, population demographics, societal values and lifestyles,
governmental legislation and regulation, technological f
3. Strategic Analysis
Strategy formulation is not a task in which managers can get by with intuition, opinions, good
instincts, and creative thinking. Judgments about what strategy to pursue need to flow directly from
analysis of an