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Booster Batch vs Full Course in CA Inter Costing: Who Should Pick What?
Blogs, CA, CA Inter

Booster Batch vs Full Course in CA Inter Costing: Who should pick what?

CA Inter Classes ICAI Registration Process, Fees, & Syllabus Admit Card Exam Dates Study Guides & Tips CA Inter faculties FAQ Deciding between a Booster Batch and a Full Course of CA Inter Costing can be perplexing — more so when both are conducted by one of India’s most reliable Costing faculties, CA Parag Gupta Sir. To make the decision easier for you, here’s a simple comparison based on your preparation level, time at hand, and attempt date. 1️⃣ The Booster Batch – Fast, Comprehensive & Targeted What Sets This Batch Apart: In short, if you would like to revise quickly, make concepts stronger, and become exam-ready in the least amount of time, the Booster Batch is ideal for you. 2️⃣ The Full Course – Complete, Interactive & In-Depth Ideal for: Candidates appearing for May 2026 attempt onwards. Mode Options: What’s Included: The Full Course is not only lectures — it’s a guided learning experience. Limited seats in live and class batches mean each session is highly interactive and offers a personalized experience with Parag Gupta Sir. You’ll not only develop conceptual understanding but also exam temperament through repeated testing and counseling. Conclusion Both batches are crafted under the expert guidance of Parag Gupta Sir, so you learn Costing conceptually and practically. Your selection is based on your attempt at the exam and level of preparation at present — you’ll answer to get the **optimal learning experience** StudyByTech is famous for, whatever you select.

ca-inter-for-mcq-sm
CA Inter, SM

Solve CA Inter MCQ for SM with Parag Gupta sir’s expertise

Introduction Strategic Management (SM) is a critical subject in the CA Inter curriculum, playing a pivotal role in shaping future Chartered Accountants. For this CA Inter MCQ for SM are introduced by Parag Gupta sir so that you could understand how deep is your understanding for this subject. As students navigate the complexities of this subject, it becomes essential to adopt effective learning strategies. One such strategy gaining immense popularity is the use of Multiple Choice Questions (MCQs). Parag Gupta sir’s, renowned as India’s best faculty for CA Inter SM, has been providing a daily dose of MCQs on his social media account & his website: www.paraggupta.com. In this blog, we’ll explore the significance of CA Inter MCQs for SM and how Parag Gupta sir’s offerings contribute to an enriched learning experience. The Power of CA Inter MCQ for SM: 1. Conceptual Clarity: MCQs are designed to assess a student’s understanding of concepts. The process of selecting the correct option requires a deep comprehension of the topic. As such, engaging with daily MCQs becomes a powerful tool for reinforcing and solidifying conceptual clarity in strategic management. 2. Exam Simulator: CA Inter examinations are renowned for being difficult, assessing students’ knowledge as well as their capacity to apply it in practical settings. MCQs closely simulate the exam environment, preparing students to tackle diverse questions within a limited time frame. This practice is invaluable in enhancing exam readiness. Because 30% of the paper is considered an objective paper in the CA Inter SM (i.e., without any negative marking), CA Inter multiple-choice questions are considered an essential part of preparing for the CA Inter exam. 3. Quick Assessment and Feedback: The instantaneous feedback that MCQs offer is revolutionary. Students can instantly gauge their performance, identify weak areas, and rectify mistakes. This iterative process of learning and correcting shortens the learning curve overall and makes studying more effective and efficient. 4. Retention and Recall: Studies have shown that the act of recalling information enhances memory retention. By regularly engaging with MCQs, students actively retrieve and reinforce their knowledge. This promotes long-term memory, which is essential for passing the CA Inter test, in addition to helping students retain important concepts. Parag Gupta sir’s Daily CA Inter MCQ for SM: A Learning Companion 1. Expertly Crafted Questions: Parag Gupta sir’s recognized as India’s best faculty for CA Inter SM, brings his expertise to the forefront with meticulously crafted MCQs. These questions go beyond rote memorization, challenging students to apply theoretical knowledge to real-world scenarios. This approach aligns with the practical orientation of the CA Inter exams. 2. Comprehensive Coverage: The field of strategic management is vast, encompassing a multitude of topics. Parag Gupta sir’s ensures comprehensive coverage through a diverse range of MCQs. This ensures that students are well-prepared for the varied challenges presented by the CA Inter SM syllabus. 3. Timely Updates: Keeping pace with the dynamic nature of the CA Inter syllabus, Parag Gupta sir provides daily updates on his website. This commitment to regularity not only keeps students engaged but also ensures that they are aware of any changes or additions to the curriculum. It reflects a dedication to providing the most relevant and up-to-date resources. ICAI study material also includes MCQs for each chapter, so students are also recommended to make a habit to solve these MCQs along with Parag sir’s expertly crafted MCQs for CA Inter SM to gain the full understanding of each concept. Conclusion In the challenging journey of becoming a chartered accountant, mastering strategic management is a non-negotiable requirement. The strategic use of CA Inter for MCQ SM in preparation adds a dynamic and effective dimension to the learning process. The fact that Parag Gupta sir is willing to share daily MCQs for CA Inter SM on his website is a great gesture that will help aspiring chartered accountants succeed. Students can strengthen their conceptual understanding and acquire the abilities they need to ace the CA Inter examinations by working with these excellent CA Inter for MCQ SM. As we navigate the ever-evolving landscape of education, leveraging resources like Parag Gupta sir’s daily MCQs becomes essential for staying ahead of the curve and emerging as successful professionals in the field of accounting. The value of daily multiple-choice questions (MCQs) becomes clear as students go on this life-changing journey. They provide a strong foundation in the principles of strategic management and are an invaluable aid for passing exams. FAQ’s

CA Final Exams details |Parag Gupta Classes
Blogs, CA Final

CA Final Exams details |Parag Gupta Classes

When are CA Final Exams? CA Final exam is the final stage exam to become a Chartered Accountant and after success in this, you can get a job in a good company as a CA or you can start your own work independently. CA final exam is the most difficult and important stage of becoming a CA and to get success in it, it is necessary to study hard with the right direction and hard work. In today’s post, we will give you complete information related to CA final course like the registration process for CA final, fees, eligibility, exam form, admit card, and result. CA Final exam is conducted twice a year in the month of May and November. And the students who have passed the CA Foundation and CA Intermediate examination as well as the students who have completed 2 yrs of articleship to get themselves registered for the CA final course. After 6 months of the registration, you can appear for CA final exams. The CA final exam is considered to be the most difficult of all the three phases and the result every year is very low. That’s why a lot of hard work is required to pass it. In CA Final, you are made to study the nuances of the law, international tax system, accounting, and other financial management. CA Final Exam Eligibility 2026 CA Final Exam Registration Validity After registering for CA Final, you registration is valid for 5 years. CA Final Exam Registration Process The complete process of registration for the CA final is given below, so read it carefully. A registration letter will be sent to you by ICAI within one month of filling out all this information. CA Final Exam Documents CA Final Exam Registration Fees The registration fee for both groups of the CA Final exam is ₹22,000 for Indian students and US $1,000 for overseas students(Valid for 5 years). The exam form fee is Rs. 1800 for a single group and Rs. 3300 for both groups(Valid for 1 attempt).  CA Final Exam Syllabus and Subjects Details ICAI has added Self paced online module exams which has to be clear before appearing for CA Final exams. These exams are MCQ based and are Computer based exams. Set A & Set B are compulsory and you are given choice for SET C & SET D.ICAI has made it compulsory to watch ICAI videos available at it’s portal before appearing for these exams. Self-Paced Online Modules (SET A: Corporate and Economic Laws)Self-Paced Online Modules (SET B: Strategic Cost & Performance Management)Self-Paced Online Modules -SET CPaper-1 : Risk ManagementPaper-2: Sustainable Development and Sustainability ReportingPaper-3 : Public Finance and Government AccountingPaper-4 : The Insolvency and Bankruptcy Code, 2016Paper-5: International TaxationPaper-6 : The Arbitration and Conciliation Act, 1996Paper-7 : Forensic AccountingPaper-8 : ValuationPaper-9 : Financial Services and Capital MarketsPaper-10 : Forex and Treasury ManagementSelf-Paced Online Modules – SET DPaper-1: The Constitution of India & Art of AdvocacyPaper-2: Psychology & PhilosophyPaper-3: Entrepreneurship & Start-up EcosystemPaper-4: Digital Ecosystem and Controls GROUP IPaper-1: Financial ReportingPaper-2: Advanced Financial ManagementPaper-3: Advanced Auditing, Assurance and Professional EthicsGROUP IIPaper-4: Direct Tax Laws & International TaxationPaper-5: Indirect Tax LawsPaper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management) According to the CA Final Exam Patterns 2026 To clear CA Final, you need to secure at least 40% marks in all 6 papers of CA and 50% marks in all papers together. And in SPOM subjects, you need 50% to pass each subject(there is NO negative marking) CA Final Admit Card The admit card is issued by ICAI after 21 days of filling out the CA final exam form. This admit card is very important and only after seeing this admit card you can sit in CA final exam. CA Final Exam Form After registration, students can fill out the exam form. Follow the given procedure to fill out the exam form. CA Final Exam Result The results are declared by ICAI after 2 months of the CA final exam. You can know your result online or offline. In this article, you must have known what is the process of registration for CA, how much is the fee, how the examination form can be filled, and how many days you can get the admit card. We hope that you have liked this article today and you must have got all the information related to CA Final. Why Parag sir is considered as best faculty for SPOM-set B? CA Parag Gupta stands out as the premier faculty for SELF PACED ONLINE MODULE-SCPM(SPOM-Set B) for several compelling reasons. With over two decades of experience teaching Costing at the CA Final level, he brings unparalleled expertise and deep understanding of the subject matter. What sets him apart is his distinction as the only faculty member who has comprehensively covered SPOM classes in alignment with ICAI’s updated syllabus, ensuring students receive the most current and relevant education. His innovative approach extends beyond the core curriculum. Within SCPM classes, he uniquely incorporates the SCPM portion of the IBS exam (Paper-6), providing additional value and preparation for students pursuing multiple qualifications. This comprehensive coverage demonstrates his commitment to students’ broader professional development. The program offers exceptional flexibility with a generous 3-year validity period, allowing students to learn at their own pace and revisit materials as needed. Perhaps most notably, his one-on-one doubt clearing sessions have become highly sought-after among students. These personalized sessions, available through both video and voice calls, provide students with direct access to his expertise, ensuring thorough understanding of complex concepts. His teaching methodology combined with personalized attention makes him the preferred choice for SPOM-Set B preparation. FAQ’s

Indian Accounting Standards
ICAI

ICAI releases e-version of a compendium of revised Indian Accounting Standards

Chartered accountants’ body ICAI Thursday said it has released the e-version of a compendium of revised Indian Accounting Standards that incorporate new ICAI standard on leases among other amendments. As part of annual improvements, the Ind AS (Indian Accounting Standards), which is based on International Financial Reporting Standards (IFRS), undergo regular upgradation due to the issuance of new standards or amendments in existing standards by IFRS, the accounting body said in a release. The e-version of the compendium of Ind AS includes amendments that were made in Companies (Indian Accounting Standards) Amendment Rules and became effective on April 1. “During the previous year, there have been certain amendments to Ind AS which have all been incorporated in appropriate places and relevant standards in this updated a version of the compendium,” the release said. The existing standard on leases has been replaced in the new accounting standards (Ind AS 116). “In the new lease accounting model for lessees, leases will be recognized on balance sheet by recognizing a lease liability with a corresponding ‘right-of-use’ asset,” it said. Ind AS 116 will have an impact on the financial statements of the firms. The extent of the impact would vary across industries depending on the financing and leasing structures prevalent in an industry, the release added. Similarly, the compendium also includes changes that provide guidance as to how uncertainty about a tax treatment should be reflected in the accounting for income tax. Learn More:- ICAI CA Exam 2019 “The compendium of Ind AS will be highly useful to all stakeholders in particular prepares and auditors of financial statements. ICAI will also continue to engage in disseminating knowledge of these standards and the changes through a series of initiatives including webcasts, workshops, training programmes, and certificate courses,” Institute of Chartered Accountants (ICAI) President Prafulla P Chhajed said. Source:- Download Here

ICSI (also ICAI) Charging Rs. 500 for certified copies is illegal
ICAI

ICSI (also ICAI) charging Rs. 500 for certified copies is illegal : Supreme Court

ICSI (also ICAI) Charging Rs. 500 for certified copies is illegal As per a recent judgment of the Supreme Court in ICSI v. Paras Jain [Civil Appeal No. 5665/2014, dated 11-4-2019], the High Court held that educational Bodies cannot charge more than RTI fee for providing certified copies to students. The RTI Fee as per RTI Rules, 2012 read with RTI Act, 2005 is Rs. 10 fixed per application + Rs. 2 per page. Hence, charging of Rs. 500 or Rs. 1000 per copy is illegal. Example: Suppose, a student has written 20 pages. Hence, he can be asked to pay only Rs. 50 (Rs. 10 for application + Rs. 2 per page × 20 pages = Rs. 50). Download Copy of Judgment    IN THE SUPREME COURT OF INDIA   CIVIL APPEAL NO. 5665/2014        INSTITUTE OF COMPANIES SECRETARIES OF INDIA (ICSI) v. PARAS JAI ORDER 1. This appeal is directed against the order dated 22.04.2014 of the Delhi High Court wherein, while allowing the Letters Patent Appeal, filed by the respondent herein, it set aside Guideline No.3 notified by the statutory council of appellant–Institute of Companies Secretaries of India (ICSI) and directed it to charge fee prescribed as per Rule 4 of the Right to Information (Regulation of Fee and Cost) Rules, 2005. 2. The factual matrix of the case is that the respondent appeared in the final examination for Company Secretary (ICSI) conducted by the Appellant in December 2012. On being unsuccessful in qualifying the examination, the respondent made an application under the Right to Information Act for inspection of his answer sheets and subsequently, sought certified copies of the same from the appellant. The appellant thereafter has demanded Rs.500/per answer sheet payable for the supply of certified copies of answer book(s) and Rs.450/per answer book for providing inspection thereof respectively as per Guideline No.3 notified by the statutory council of the appellant. It is to be noted that the respondent obtained the said information under the Right to Information Act, 2005. 3. Being aggrieved by the demand made by the appellant, the respondent preferred a Writ Petition before the Delhi High Court wherein the Learned Single Judge dismissed the petition. A Letters Patent Appeal was thereafter preferred by the respondent wherein, the Division Bench quashed Guideline No.3 notified by the appellant and held that the appellant can charge only the prescribed fee under Rule 4, The Right to Information (Regulation of Fees and Cost) Rules, 2005. 4. The short issue before us is when the answer scripts of appellant’s examination is sought whether the fee prescribed under Rule 4 of the Right to Information (Regulation of Fee and Cost) Rules, 2005 payable or that under Guideline No. 3 of the Guideline, Rules and Procedures for Providing Inspection and/or Supply of Certified Copies of Answer Book(s) to Students, framed by the Examination Committee of appellant’s statutory Council at its 148th Meeting held on 14.08.2013. 5. The learned counsel appearing on behalf of the appellant argued that it is undisputed that the Right to Information Act, 2005 is applicable to the appellant. However, in light of specific guidelines formulated under the (ICSI) Company Secretaries Act, 1980, the same should be applicable and not that which is provided under the Right to Information Act. He further contends that owing to quashing of Guideline No. 3 by the Division Bench of Delhi High Court, the appellant cannot collect any amount of fee except the one prescribed under Rule 4, The Right to Information (Regulation of Fees and Cost) Rules, 2005 which adds to financial strain on the appellant. 6. On the other hand, the learned counsel appearing on behalf of the respondent submitted that any candidate who seeks his answer scripts under Right to Information Act, 2005 can only be charged under Rule 4, The Right to Information (Regulation of Fees and Cost) Rules, 2005. Further, the learned counsel submits that the candidates must have a choice to seek the answer scripts either by the avenue under Right to Information Act or under the Guidelines of the appellant framed by the examination committee of statutory Council under the (ICSI) Company Secretaries Act, 1980. 7. Having heard the learned counsels appearing for the parties and we have also meticulously perused the record. 8. The appellant is governed by the provisions of the Company Secretaries Act, 1980 (ICSI) and under Sections 15, 15A and 17, the Examination Committee of the statutory Council has framed Guideline No. 3 providing an avenue to the candidates to either inspect their answer scripts or seek certified copies of the same on payment of the stipulated fees. Guideline no.3 stipulates the payment of Rs. 500 for obtaining certified copies and Rs. 450 for seeking inspection of the same. “3. Fee of ₹500 per subject/answer books payable for the supply of certified copies of answer book (s) and ₹450 per answer book for providing inspection thereof respectively. The fee shall be paid through Demand Draft drawn in favor of “The Institute of Company Secretaries of India”, payable at New Delhi.” 9. On the contrary, Rule 4, The Right to Information (Regulation of Fees and Cost) Rules, 2005 stipulates, “4. For providing the information under subsection (1) of section 7, the fee shall be charged by way of cash against proper receipt or by demand draft or bankers cheque or Indian Postal Order payable to the Accounts Officer of the public authority at the following rates:— (a ) rupees two for each page (in A4 or A3 size paper) created or copied; (b) actual charge or cost price of a copy in larger size paper; (c) actual cost or price for samples or models; and (d) for inspection of records, no fee for the first hour; and a fee of rupees five for each subsequent hour (or fraction thereof).” (emphasis supplied) 10. Thus it is clear that the avenue for seeking certified copies as well as inspection is provided both in the Right to Information Act

CA Coaching Classes for CPT,IPCC,CA Final
ICAI

ICAI CA CPT, IPCC & CA Final | CA Online Classes

ICAI CA CPT, IPCC & CA Final | CA Online Classes ICAI CA Online Classes Benefits 1. Versatile Timings – Definitely, CA Online classes is a good option. Students can enjoy ICAI CA Classes (CPT/IPCC/CA Final) at home whatever time is best suitable for them. Many of the ca students doing an articleship/job along with the studies prefer to take the ICAI ca classes at night. For such kind of ca students, ICAI CA Online classes are the best option. 2. Comfort level – You comfort with study at home. You can pause the videos, you can replay the video, you can rewind the videos, you can adjust the speed of the video. No need to follow the rules and regulation of satellite classes. 3. Time-Saving – One of the best points of ICAI CA Online classes is that it saves time. Most of the ICAI ca students residing in other cities or far away from the ca coaching centers (CPT/IPCC/CA Final) can get benefit from these ca online classes. 4. Replay the Concept of video – Many of the times we miss the important concepts. You could not ask such a thing in satellite classes. Hence, CA online classes are better where you can replay the video and understand the vital concept until you are not satisfied (CPT/IPCC/CA Final). 5. Missing classes Problem – It’s difficult to understand the whole chapter when you missing a single class. CA Online Classes resolves this issue by providing video lectures according to your convenience (IPCC). Why Choose Parag Gupta Classes (CA Final)? Parag Gupta Classes is the best ICAI CA Coaching Classes (IPCC) all over India because it provides classes in Virtual Centres or in their app StudyByTech. It covers every concept of your ICAI ca course. Parag Gupta Classes have covered past attempt questions, questions from study material, questions from Practice Manual ,etc. Which means that you don’t need to go through the ICAI for ca study material on your own. Parag Gupta Classes smart compilers will also be provided to every ca student along with ICAI CA Online classes. The students will get connected on all social media platforms of the faculties where they can ask their doubts. All the lectures are available in Hindi and English Language (CPT/IPCC/CA Final) . Procedure for Joining the Best ICAI CA Online Classes Contact Parag Gupta Classes and complete the registration procedure for ICAI CA Online classes. For the first time, Parag Gupta Classes launched ICAI CA Foundation / CPT Online Classes (CPT/IPCC/CA Final) For ordering and further information on ICAI CA Foundation/CPT Online classes (CPT/IPCC/CA Final), you can contact us. Subjects of ICAI CA Foundation/CPT Paper 1: Principles and Practices of Accounting Paper 2: Mercantile Law and General English Paper 3: Business Mathematics and Logical Reasoning Paper 4: Business Economics and Business Commercial Knowledge Subjects of ICAI CA Intermediate/Inter/IPCC Paper 1: Accounting Paper 2: Corporate Laws and Other Laws Paper 3: Cost and Management Accounting Paper 4: Taxation Paper 5: Advanced Accounting Paper 6: Auditing and Assurance Paper 7: Enterprise Information Systems & Strategic Management Paper 8: Financial Management & Economics for Finance Subjects of ICAI CA Final Paper-1: Financial Reporting Paper-2: Strategic Financial Management Paper-3: Advanced Auditing and Professional Ethics Paper-4: Corporate and Economic Laws Paper-5: Strategic Cost Management and Performance Evaluation Paper-6A: Risk Management Paper-6B: Financial Services and Capital Markets Paper-6C: International Taxation Paper-6D: Economic Laws Paper-6E: Global Financial Reporting Standards Paper-6F: Multidisciplinary Case Study Paper-7: Direct Tax Laws and International Taxation Paper-8: Indirect Tax Laws Also Visit here– How to become a CA in India after 12th?

ICAI
ICAI

ICAI—CAPA JOINT “ROUNDTABLE STAKEHOLDER’S MEETING ON PUBLIC SECTOR FINANCIAL MANAGEMENT

ICAI—CAPA JOINT “ROUNDTABLE STAKEHOLDER’S MEETING ON PUBLIC SECTOR FINANCIAL MANAGEMENT Source Image – ICAI The Institute of Chartered Accountants of India in collaboration with the Confederation of Asian and Pacific Accountants organized a joint “Roundtable Stakeholder’s meeting on Public Sector Financial Management” in New Delhi on March 11, 2019. The event was inaugurated by Chief Guest Shri Shashi Kant Sharma, Former Comptroller and Auditor General of India  and attended by the delegates from more than 8 countries. The Roundtable gave the attendees an overview of Public Sector in India and the role that the accountancy profession plays in improving its financial management. CA. Prafulla P. Chhajed. President, ICAI said “This event has brought  together professionals from all arenas including the World bank, ADB, CGA, GASAB. CAPA, Ministry of  Finance, Ministry of Railways. Ministry of Communications and many others. I am certain, this sharing of views and discussions of the leamed participants will aid in empowering financial management in the public sector. Speaking on the occasion Chief Guest Shri Shashi Kant Sharma, Former Comptroller and Auditor General of India said. “Accountancy professionals have a great responsibility on their shoulders to make sure that public money is utilized in the right manner.” He further added “Earlier, India was not even among the 10 major economies but by the turn of the millennium it came amongst the top 10 economies. Today, it is 6th largest economy and most projections show that it will be the 3rd largest economy in the next decade. ICAI Vice-President CA. Atul Kumar Gupta said, “Accountancy Professionals are fully geared to take up the challenges ahead as they have in the past.” He also mentioned “ICAI through its Research wing, Accounting Research Foundation is playing a pivotal role as a Partner in Nation. Read- Click Here

ICAI Syllabus New Course
ICAI

ICAI Syllabus New Course

ICAI Syllabus New Course ICAI has provided the New course syllabus for CA Exams. We are providing the full syllabus for the new course for CA Final subjects. This will help students to study their course in a proper way. We have also written an article providing tips to score good marks in exams. You can view this article in this link- Click Here Learn:  ICAI Exam- CPT/IPCC/FINAL ICAI CA Final Course ICAI Syllabus New Course There are 8 papers in CA Final Exams, which are further divided into 2 groups. Group 1 contains 4 papers- Paper 1- Financial Reporting Paper 2- Strategic Financial Reporting Paper 3- Advanced Auditing & Professional Ethics Paper 4-Corporate & Economic laws Group 2 consists of 4 paper- Paper 5- Strategic Cost Management & Performance Evaluation Paper 6A- Risk Management Paper 6B- Financial Services & Capital Markets Paper 6C-International Taxation Paper 6D- Economic Laws Paper 7- Direct tax laws Paper 8- Indirect Tax laws PAPER – 1: FINANCIAL REPORTING (One paper – Three hours – 100 Marks)  Contents: Application of Existing Accounting Standards 15, 21, 23, 25, 27 and 28. (The students will also be required to apply other Accounting Standards if applicable in any of the questions). Application of Guidance Notes issued by ICAI on specified accounting aspects. Framework for Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards (Ind AS). Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements Consolidated and Separate Financial Statements (as per Ind AS) Application of Industry specific and Transaction Specific Indian Accounting Standards (other than Business Combination, Financial Instruments and Share Based Payment) Business Combinations and Accounting for Corporate Restructuring (including demerger)(as per Ind AS) Accounting and Reporting of Financial Instruments (as per Ind AS) Accounting for Share Based Payment (as per Ind AS) Analysis of Financial Statements Common defects in financial statements of corporate entities Accounting for Carbon Credits Accounting for E-commerce Emerging trends in Reporting (i) Integrated Reporting (ii) Corporate Social Responsibility Reporting (iii) Human Resource Reporting (iv) Value Added Statement Notes: If either a new Indian Accounting Standard (Ind AS) or Accounting Standard (AS) or Announcements and Limited Revisions to Ind AS / AS are issued or the earlier one are withdrawn or new Ind AS / AS, Announcements and Limited Revisions to Ind AS / AS are issued in place of existing Ind AS / AS, Announcements and Limited Revisions to Ind AS / AS, the syllabus will accordingly include / exclude such new developments in the place of the existing ones with effect from the date to be notified by the Institute. The specific inclusions/exclusions in any topic covered in the syllabus will be effected every year by way of Study Guidelines. The list of Guidance Notes in Accounting and significant Expert Advisory Opinions, wherever applicable, will also form part of the Study Guidelines.  PAPER – 2 : STRATEGIC FINANCIAL MANAGEMENT (One paper – Three hours – 100 marks) Contents: Financial Policy and Corporate Strategy (i) Strategic decision making framework (ii) Interface of Financial Policy and strategic management (iii) Balancing financial goals vis-à-vis sustainable growth. Indian Financial System (i) Introduction to Financial Market (ii) Role of Financial Market in Economic Development Risk Management (i) Identification of types of Risk faced by an organisation (ii) Evaluation of Financial Risks (iii) Value at Risk (VAR) (iv) Evaluation of appropriate method for the identification and management of financial risk. Security Analysis (i) Fundamental Analysis (ii) Technical Analysis a) Meaning b) Assumptions c) Theories and Principles d) Charting Techniques e) Efficient Market Hypothesis (EMH) Analysis Security Valuation (i) Theory of Valuation (ii) Return Concepts (iii) Equity Risk Premium (iv) Required Return on Equity (v) Discount Rate Selection in Relation to Cash Flows (vi) Approaches to Valuation of Equity Shares (vii) Valuation of Preference Shares (viii) Valuation of Debentures/ Bonds Portfolio Management (i) Portfolio Analysis (ii) Portfolio Selection (iii) Capital Market Theory (iv) Portfolio Revision (v) Portfolio Evaluation (vi) Asset Allocation (vii) Fixed Income Portfolio (viii) Risk Analysis of Investment in Distressed Securities (ix) Alternative Investment Strategies in context of Portfolio Management Securitization (i) Introduction (ii) Concept and Definition (iii) Benefits of Securitization (iv) Participants in Securitization (v) Mechanism of Securitization (vi) Problems in Securitization (vii) Securitization Instruments (viii) Pricing of Securitization Instruments (ix) Securitization in India Mutual Fund (i) Meaning (ii) Evolution (iii) Types (iv) Advantages and Disadvantages of Mutual Funds Derivatives Analysis and Valuation (i) Forward/ Future Contract (ii) Options (iii) Swaps (iv) Commodity Derivatives Foreign Exchange Exposure and Risk Management (i) Exchange rate determination (ii) Foreign currency market (iii) Management of transaction, translation and economic exposures (iv) Hedging currency risk (v) Foreign exchange derivatives – Forward, futures, options and swaps International Financial Management (i) International Capital Budgeting (ii) International Working Capital Management a) Multinational Cash Management Objectives of Effective Cash Management Optimization of Cash Flows/ Needs Investment of Surplus Cash b) Multinational Receivable Management c) Multinational Inventory Management Interest Rate Risk Management (i) Interest Rate Risk (ii) Hedging Interest Rate Risk a) Traditional Methods b) Modern Methods including Interest Rate Derivatives Corporate Valuation (i) Conceptual Framework of Valuation (ii) Approaches/ Methods of Valuation a) Assets Based Valuation Model b) Earning Based Models c) Cash Flow Based Models d) Measuring Cost of Equity Capital Asset Pricing Model (CAPM) Arbitrage Pricing Theory Estimating Beta of an unlisted company e) Relative Valuation Steps involved in Relative Valuation Equity Valuation Multiples Enterprise Valuation Multiple f) Other Approaches to Value Measurement Economic Value Added (EVA) Market Value Added (MVA) Shareholder Value Analysis (SVA) g) Arriving at Fair Value Mergers, Acquisitions and Corporate Restructuring (i) Conceptual Framework (ii) Rationale (iii) Forms (iv) Mergers and Acquisitions a) Financial Framework b) Takeover Defensive Tactics c) Reverse Merger (v) Divestitures a) Partial Sell off b) Demerger c) Equity Carve outs (vi) Ownership Restructuring a) Going Private b) Management/ Leveraged Buyouts (vii) Cross Border Mergers International Financial Centre (IFC) (i) Constituents of IFC (ii) Islamic Finance a) Major difference between Islamic Finance and other forms of

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