Category Archives: toppers

Last time revision topics & common tips ( Accounts – IPCC )


Last time revision topics & common tips
( Accounts – IPCC ) –
1. Solve previous question and examples of
Study material of AS. Specially AS 2,7,9,10,13
( 10-12 MARKS )
2. Amalgamation and once read out journal
entries of Internal Reconstruction. ( 16 Marks )
3. Cash Flow Statement – 8 Marks
4. Bonus Issue & Incomplete Record ( 12-16
Marks )
5. Account current & theory chapter specially
focus on Pre package software topic.
6. Read out Format of Rev. Schedule VI properly.
7. In partnership accounting read question
properly and make sure its not time consuming
otherwise there will be problem in attempting
whole paper.
8. Start each answer from new page.
9. Solve all sub parts of one question at same
place.
10. Make proper formats and headings

IPCC Group II – Accounting Standards and their disclosures


IPCC Group II – Accounting Standards and their disclosures

IPCC Group II focus on Accounting Standards and their disclosures..AS-4 contigencies & events occurring after balance sheet. This is very important part to remember for every student.
ACCOUNTING STANDARS AND THEIR DISCLOSURES (IPCC GROUP -II )
AS-4 contigencies & events occurring after 1. Nature of contingency and events.
balance sheet date 2. Affect of uncertainty in the sense of future outcome.
3. Estimate of financial effect or the fact that estimate can’t be made.
AS-5 net profit or loss for the period, prior 1. narture and amount and their impact on
period items and changes in accounting policies current profit or loss can be clearly perceived
2. material impact in later periods
AS-11 Effect of changes in foreign exchange 1. exchange rate.
rates 2. Nature and reason for change.
3. Profit or loss in process of exchange.
AS-12 governament grants 1.method of presentation
2.nature ans extent of government grants (mandatary and non mandatary assets given at concessional rate or free of cost)
AS-16 borrowing costs 1.policy adopted for borrowing cost
2.amount of borowing cost capitalised during the year
AS-19 lease accounting Finance lease:
lessee:
1.lease assets must disclose separately
2.details of lease period
3..if any contingent rent it should recognized as expense in P&L a/c
lessor:
1.contingentrent recognized as income in P&L a/c
operating lease
lessee:
1.Lease payments recognized in P&L Account for the period separately
lessor:
1.contingent rent recognized as income and P&L Account
AS-20 earning per share 1.The amount used as numerators and a reconciliation of that amount to the net profit/loss for the period.
2.The number used as denominators and a reconciliation of those to each other.
3.The nominal value along with EPS figures.
4.If a component of net profit is used which is not reported as a line item in the P&L Account, a reconciliation should be provided.
AS-26 Intangible Assets 1.amortisation rate and method using
2.gross qualifyingamount,impirement losses accumulated amortisation
additions,disposals,losses.,etc during period
3.if amortised over a period of 10 years then reasons
4.what assets pledged for liabilities as security
5.commiment amount
6.R&D recognised as expense during period
AS-29 provisions,contingent liabilities provision:
and assets 1.carrying amount
2.additions made during period
3.used and unused amounts during perios and amount of resevre
4.nature of obligation in brief
5.any reimbursement
liabilities:
1.nature
2.financial effet
3.uncertainity ragarding outflow
4.any reimbursement
5.required info and state of fact

NEVER LOOSE YOUR HOPES NEAR EXAMS : CA ROCKSTARS


Hi every one ..
After A long tym i am writing for u all .

please read it will take a few minutes of u all. Specially for those who has their examination next month ..
I know that majority of u are scared of exam . n its obvs ..
m sharing my experience during exam days . like every body i too scared of exams . bt trust me if u work a little hard n dont loose ur hope ..u will definately succeed . There are many students Who loose their hopes just few days before exams , I dont want to use harsh words bt they are the real lossers in life .

Dont think that if u did not revise ur full syllabus or u could not able to complete ur syllabus then u will not able to pass. Trust me in CA final law paper i was able to revise only 50% of syllabus due to fever but i did not loose my hopes i studied till last minutes n see wat happen 80 % of paper was from that 50% syllabus (god only help those who dont loose hope )
N one more important thing, People who think deactivating Facebook or watsapp let them pass ..its really a myth ..For me its a mind fresh ..bt dont get addicted .also pages like us CA Rockstars. updates important tips n topics .which are very helpfull to uh all ..

I hope it may boost ur confidence level . always keep in mind” YOU ARE THE BEST . NO ONE CAN STOP U FROM PASSING THESE EXAMS. EXCEPT UR CONFIDENCE.”
So dont let ur confidence to fall down …
(Share if you found this usefull )
Best of luck to you all 

Regards:- CA Alkit Jain

STORY OF BLIND CHARTERED ACCOUNTANT


Despite being blind, Rajashekhar realises his CA dreams

Disability can never be a deterrent for a person to be successful. All it requires is commitment, perseverance and a little support from kith and kin.

This is what 23-year-old J. Rajashekhar Reddy has proved. Despite the loss of sight at the age of 11, he realised his dream to become a Chartered Accountant (CA).

Born in a poor family in Guntur, problems confronted and depression stalked him at every stage. “It is sheer will power. If you believe in your dreams and work accordingly, success follows you. I am thankful to my family and Devnar Foundation. They provided me all help and made me realise my dream,” says Mr. Reddy.

It was, however, not an easy path. He attended CA training classes at different institutions here and in Chennai. He used to make notes and record all lectures to listen later. For the examination, he collected soft copies of books, got them scanned and used text-to-speech software for making notes. While it is accepted that clearing CA finals is a tough proposition, Mr. Reddy has the distinction of doing it just in his second attempt. “He is an inspiration to the disabled,” says A. Saibaba Goud, founder-chairman of the foundation.

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Rickshawala’s son top IAS


RickshImageawala’s son top IAS

Govind Jaiswal IAS

14-hour power cuts didn’t dim his IAS dream

On the pot-holed lanes of India’s holy city Varanasi, Narayan Jaiswal used to pedal his rickety rickshaw to make a living and send his children to school in nearby Usmanpura.

Sadly, even his meagre means came to a grinding halt when a wound on his foot grew sceptic.

Ailing, and with no other source of income, Jaiswal sold off his small plot of land to finance his son’s dream.

His son Govind was fighting a parallel battle.

Day in and day out the deafening noise of power looms, factory machines and generators around the 12×8 feet rented room shared by his father, mother and two sisters made life unbearable.

All the cooking, washing, bathing to studying took place in the dingy room.

To add to the misery the scarce power supply extended to almost 14 hours a day. He grew up with cruel taunts from the neighbourhood kids who mocked him for his devotion to studies. But his determination saw him through.

“It was impossible to divert me. My family was the saving grace. If someone demoralised me, I used to just picture my struggling family.”

Today, Govind Jaiswal is an IAS officer, brimming with confidence.

Surprisingly, he doesn’t quibble over any inadequacies.

“I thank my tough days. Life has no worth without struggle. It made me grow and smell the real world.”

Govind credits his success to his dad and his sisters, especially the elder one who gave up her studies to look after them when his mother died.

Best CA Final Teachers for North India


Best CA Final Teachers for North IndiaACCOUNTS

Rank 1. Parveen Sharma (Examination Approach with best written notes, Strength: Holding Company)

Academy: Smart Teach CA, Conventional Center, IMA House, I.P.Marg. DELHI
Contact:9899706800,9899706801,9310273102,011-22446800
Website:www.smartteachca.com
Address:1/50 3rd floor lalita park Laxmi nagar

Rank 2. Parveen Jindal (For Detail Study Of AS/IFRS/US GAAP)Academy: Parveen Jindal Classes, D-1, Sai Baba Mandir Gali, Laxmi Nagar
Contact: 9871272725,9312281275&011-65068692
Website: www.jindalaccounts.com
Address:D-1,Sai Baba Mandir Gali,Laxmi Nagar

MAFA/SFM

Rank 1. Aaditya Jain(Specially For New Course SFM)
Academy: Bright Professional Pvt Ltd, 1/53 Lalita Park, Laxmi Nagar, Delhi – 92
Contact: 011-47665555; 9811136987, 9811042458,9911442626
Website: http://brightprofessionals.com/
Address:1/53 1st floor Lalita Park Laxmi Nagar

Rank 2. Ashish Kalra(Specially For Old Course MAFA)
Academy: Institute for Grooming Professionals, 160, 2nd Floor, Kapil Vihar, Pitampura
Contact: 27352757,41572757,22432757
Website: www.igpinstitute.org
Address:1/50 Ground Floor Laxmi Nagar

Rank 3. Rajesh Makkar (Specially For Old Course MAFA,Basically Question Approach With Less Stress On Concept)
Academy: F-6, 3rd Floor, Above CA Library, Vijay Chowk, Laxmi Nagar, Delhi – 92
Contact: 9818227937, 9811104384,
Website: www.mahadevmadhavnidhi.org

LAW

Rank 1. Munish Bhandari (Best Notes of Law in the industry,with examination approach; Strength: Director Chapter)
Academy: Bright Professional Pvt Ltd, 1/53 Lalita Park, Laxmi Nagar, Delhi – 92
Contact: 011-47665555; 9811136987, 9811042458
Website: www.brightprofessionals.com
Address:1/53 1st floor Lalita Park Laxmi Nagar

Rank 2. Deepak Gajrani (His PPTs explaning concepts are are very popular)
Academy:U-110,2nd Flr,Vikas Marg,Sakarpur,Near Laxmi nagar Metro Station
Contact:22432757,41572717

Rank 3.NK Singh (One Of the Most popular teacher of CS)
Academy:Smart Teach CA, Conventional Center, IMA House, I.P.Marg. DELHI
Contact :9818248595,9899706800,9899706801,9310273102,011-22446800
Website:www.smartteachca.com

Rank 4.Sangeet Kedia
Address : 11/27, SECOND FLOOR,EAST PATEL NAGAR MKT,NEW DELHI-08 (Opposite Canara Bank)
Phone No.:+91-11-25886623 ; :+91-11-25886624 ; Mob No.:9811265771
Websitite:www.sangeetkediaclasses.com

AUDIT

Rank 1. Surbhi Bansal (Her stories helps in learning concepts then and there itself.)
Academy: Bright Professional Pvt Ltd, 1/53 Lalita Park, Laxmi Nagar, Delhi – 92
Contact: 011-47665555; 9811136987, 9811042458
Website:www.brightprofessionals.com

Rank 2.RK Rastogi
Academy : Rastogi Education Centre
Contact : 9818766887,9212868425,9212868426

Rank 3 :Kamal Garg
Academy : Kamal Garg’s Classes
Phone 011-65748585 ;Mobile :09899954015
Email cakamalgarg @ gmail.com

Rank 4:Pankaj Garg
Phone:93544-05511
Website : pankajgargclasses.com

COSTING

Rank 1. Parag Gupta(Specially For New Course)
Academy: Costing By Parag Gupta, A-156, Gali No. 4, Shakarpur, Laxmi Nagar,Delhi-92
Contact: 9968875529,47665555, 9811136987
Website:http://groups.yahoo.com/group/costingbyparagguptawww.brightprofessionals.com
Address:1/53 1st floor Lalita Park Laxmi Nagar

Rank 2.Sanjay Agarwal(Specially For Old Course)
Academy: Sanjay Agarwal Classes, D-223, Laxmi Chamber, Laxmi Nagar, Delhi – 92
Contact: 011-43053800, 9818555803
Website: www.sanjayaggarwal.com

MICS/ISCA

Rank 1.Dinesh Madan (His MICS Book is very Popular)
Academy: Smart Teach CA, Conventional Center, IMA House, I.P.Marg. DELHI
Contact: 9899706800,9899706801,9310273102
Website: http://smartteachca.com/

Rank 2.SK Monga
Academy: Bright 1/56 A, Lalita Park , Laxmi Nagar , Delhi:-110092
Contact:9811136987,9811042458
Website:www.brightprofessionals.com

Rank 3.Veekas Kapur
Academy: 1/56 A, Lalita Park , Laxmi Nagar , Delhi:-110092
Contact:9818266987,9910823042
Website:sukhsagar.com

Rank 4.RM Jha
Academy: AVJ institute,Laxmi Nagar
Contact:9717784681,9310167881

DIRECT TAX

Rank 1.Vinod Gupta (For Detailed Knowledge )
Academy: 211-212, Anarkali Complex, Jhandewalan Extn., Near Videocon Tower, Delhi-55
Contact: 9810053982
Website: http://www.vinodguptaclasses.com/

Rank 2.Satish Mangal (Examination Approach)
Academy: D-223, Laxmi Chamber, Laxmi Nagar, Delhi – 92
Contact: 9350647377, 9350647378, 9810748920
Website: www.satishmangalclasses.com

Rank 3.Girish Ahuja (Fast & Practical Approach,His Book is very popular among CAs)
Academy: Smart Teach CA, Conventional Center, IMA House, I.P.Marg. DELHI
Contact:9899706800,9899706801,9310273102,011-22446800
Website:www.smartteachca.comAddress:1/50 3rd floor lalita park Laxmi nagar

Indirect Tax(IDT)

Rank 1. Dippak Gupta [For Detailed Knowledge & Detailed Notes]
Academy: Deepak Gupta Academy; 1/56 A, Lalita Park , Laxmi Nagar , Delhi:-110092
Contact: 09971575755 [Timing: 1:00 to 2:00 afternoon]
E-Mail: dgacademy @ gmail.com , dg @ idtfundaas.com
Personal Meeting: 09212308859

Rank 2. Rajkumar (Examination Approach)
Academy: Smart Teach CA, Conventional Center, IMA House, I.P.Marg. DELHI
Contact:9899706800,9899706801,9310273102
Website: http://smartteachca.com/

Rank 3. Manoj Batra (Examination Approach)
Academy: Bright Professional Pvt Ltd, 1/53 Lalita Park, Laxmi Nagar, Delhi – 92
Contact: 011-47665555; 9811136987, 9811042458
Website: http://brightprofessionals.com/

Rank 4. Krishna Shankar Prasad
Academy: 1/11, Lalita Park, Laxmi Nagar, Delhi-110092
Contact: 9868308387 , 9811880881
Website: www.caksp.com
Website: www.idtfundas.in