Checker’s Reference
Question-to-Chapter Log — Foundation to Final
Every MCQ and descriptive question from every test, mapped to its exact chapter — so checkers and evaluators can focus feedback on the right topic, instantly.
⚡ How to use this page
Tap a level to expand it, then a subject, then a test — each table lists every question with its marks, topic, and chapter so you can check answers against the exact syllabus reference.
Tap a level to expand it, then a subject, then a test — each table lists every question with its marks, topic, and chapter so you can check answers against the exact syllabus reference.
CA Foundation ▾
Accounting ▾
TEST 1 – Chapter 1: Theoretical Framework ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | True/False: Summarising vs. Recording as basic function of accounting | Ch.1, Unit 1: Meaning and Scope of Accounting |
| Q2 | 1 | True/False: Materiality principle – dependence on amount alone | Ch.1, Unit 2: Accounting Concepts, Principles and Conventions |
| Q3 | 1 | True/False: Cost of temporary huts for cinema house construction – capital expenditure | Ch.1, Unit 3: Capital and Revenue Expenditures and Receipts |
| Q4 | 1 | True/False: Claim pursued through legal process with uncertain outcome – contingent liability | Ch.1, Unit 4: Contingent Assets and Contingent Liabilities |
| Q5 | 1 | True/False: Change in accounting policy at business's choice | Ch.1, Unit 5: Accounting Policies |
| Q6 | 5 | Explain Cash Basis of Accounting & Going Concern concept | Ch.1, Unit 1 (Cash Basis) & Unit 2 (Going Concern) |
| Q7 | 5 | Classification of expenditure/receipts as capital or revenue (14 items) | Ch.1, Unit 3: Capital and Revenue Expenditures and Receipts |
| Q8 | 5 | Difference between Provision and Contingent Liability | Ch.1, Unit 4: Contingent Assets and Contingent Liabilities |
| Q9 | 5 | Effect of change in accounting policy on financial statement items (with example) | Ch.1, Unit 5: Accounting Policies |
| Q10 | 5 | Alternative measurement bases – Historical Cost, Current Cost, Realisable Value, Present Value | Ch.1, Unit 6: Accounting as a Measurement Discipline – Valuation Principles |
TEST 2 – Chapters 2-5: Accounting Process, BRS, Inventories, Depreciation ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | True/False: Traditional approach – debtor as receiver/giver | Ch.2, Unit 1: Basic Accounting Procedures – Journal Entries |
| Q2 | 1 | True/False: Trial balance – debit/credit side excess and opening balance | Ch.2, Unit 3: Trial Balance |
| Q3 | 1 | True/False: Purchase returns account balance (debit/credit) | Ch.2, Unit 1/2: Journal Entries & Ledgers |
| Q4 | 1 | True/False: Frequent sales recorded in sales book | Ch.2, Unit 4: Subsidiary Books |
| Q5 | 1 | True/False: Diminishing balance method & salvage value treatment | Ch.5: Depreciation and Amortisation |
| Q6 | 4 | Preparation of Triple Column Cash Book | Ch.2, Unit 5: Cash Book |
| Q7 | 4 | Classification of errors – Omission, Commission, Principle | Ch.2, Unit 6: Rectification of Errors |
| Q8 | 4 | Preparation of Bank Reconciliation Statement | Ch.3: Bank Reconciliation Statement |
| Q9 | 4 | Adjusted net profit & closing stock valuation (goods on approval, free samples, cut-off errors) | Ch.4: Inventories |
| Q10 | 9 | Bus (fixed asset) account – depreciation, insurance settlement on asset destroyed, addition | Ch.5: Depreciation and Amortisation |
TEST 3 – Chapters 6-7: Bills of Exchange & Final Accounts of Sole Proprietors ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | True/False: Promissory note vs. Bill of exchange – who pays | Ch.6: Bills of Exchange and Promissory Notes |
| Q2 | 1 | True/False: Life policy premium of proprietor – P&L or Capital A/c | Ch.7: Preparation of Final Accounts of Sole Proprietors |
| Q3 | 1 | True/False: Depreciation appearing in trial balance – treatment | Ch.7: Preparation of Final Accounts of Sole Proprietors |
| Q4 | 1 | True/False: Personal purchases in purchases day book – Trading a/c treatment | Ch.7: Preparation of Final Accounts of Sole Proprietors |
| Q5 | 1 | True/False: Trading account and quantities of finished goods/raw material/WIP | Ch.7: Preparation of Final Accounts of Sole Proprietors |
| Q6 | 5 | Journal entries for bills of exchange – renewal, interest, retirement, dishonour, insolvency | Ch.6: Bills of Exchange and Promissory Notes |
| Q7 | 5 | Computation of missing figures in Trading & P&L A/c (manager's commission, selling exp., sales) | Ch.7: Preparation of Final Accounts of Sole Proprietors |
| Q8 | 10 | Final accounts from trial balance with adjustments (outstanding/prepaid items, provision, depreciation) | Ch.7: Preparation of Final Accounts of Sole Proprietors |
| Q9 | 5 | Preparation of Manufacturing Account (raw material consumed, WIP, direct wages, hire charges) | Ch.7: Preparation of Final Accounts of Sole Proprietors |
TEST 4 – Chapters 8-11: NPO, Incomplete Records, Partnership/LLP, Company Accounts ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | True/False: NPOs and profit-maximisation motive | Ch.8: Financial Statements of Not-for-Profit Organisations |
| Q2 | 1 | True/False: Comparability of profits under single entry system | Ch.9: Accounts from Incomplete Records |
| Q3 | 1 | True/False: Joint Life Policy reserve distribution among partners | Ch.10: Partnership and LLP Accounts |
| Q4 | 1 | True/False: Securities premium utilisation for redemption of preference shares (Sec. 133) | Ch.11: Company Accounts |
| Q5 | 1 | True/False: Sweat equity shares issued at a discount (Sec. 53) | Ch.11: Company Accounts |
| Q6 | 5 | Football Club – Subscription & Sports Material in Income & Expenditure A/c and Balance Sheet | Ch.8: Financial Statements of Not-for-Profit Organisations |
| Q7 | 5 | Preparation of final accounts from incomplete records (bank transactions only) | Ch.9: Accounts from Incomplete Records |
| Q8 | 5 | Admission of partner – Revaluation A/c, Capital A/cs, Balance Sheet (goodwill, revaluation) | Ch.10: Partnership and LLP Accounts |
| Q9 | 10 | Share issue (pro-rata allotment), calls in arrears, forfeiture and re-issue of shares – Journal entries | Ch.11: Company Accounts |
TEST 5 – Full Syllabus Test (Question Paper) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1(a)(i) | 2 | T/F: Claim pursued through legal process, uncertain outcome – contingent liability | Ch.1, Unit 4: Contingent Assets and Contingent Liabilities |
| Q1(a)(ii) | 2 | T/F: Compensating errors and effect on trial balance agreement | Ch.2, Unit 6: Rectification of Errors |
| Q1(a)(iii) | 2 | T/F: Closing stock appearing in trial balance – treatment | Ch.7: Preparation of Final Accounts of Sole Proprietors |
| Q1(a)(iv) | 2 | T/F: Re-issue of forfeited shares – allotment vs. sale | Ch.11: Company Accounts |
| Q1(a)(v) | 2 | T/F: Revenue & capital nature transactions in Receipts and Payments Account | Ch.8: Financial Statements of Not-for-Profit Organisations |
| Q1(a)(vi) | 2 | T/F: Company's existence independent of members (perpetual succession) | Ch.11: Company Accounts |
| Q1(b) | 4 | Objectives of Accounting Standards | Ch.1, Unit 7: Accounting Standards |
| Q1(c) | 4 | Depreciation on Machinery A/c – diminishing balance method (sale, purchase & erection during year) | Ch.5: Depreciation and Amortisation |
| Q2(a) | 10 | Adjusted net profit and closing stock valuation (free samples, cut-off errors, goods on sale or return) | Ch.4: Inventories |
| Q2(b) | 10 | Bills of exchange – discounting, part remittance, renewal, dishonour on bankruptcy – Journal & Ledger | Ch.6: Bills of Exchange and Promissory Notes |
| Q3(a) | 12 | Trial balance with adjustments – Trading & Profit and Loss Account | Ch.7: Preparation of Final Accounts of Sole Proprietors |
| Q3(b) | 8 | Partnership – admission with guaranteed minimum profit share (by firm / by two partners) | Ch.10: Partnership and LLP Accounts |
| Q4(a) | 8 | NPO – Income and Expenditure A/c from Balance Sheet & Receipts and Payments A/c (with adjustments) | Ch.8: Financial Statements of Not-for-Profit Organisations |
| Q4(b) | 12 | Single entry system – Trading, P&L A/c and Balance Sheet from Cash/Bank Book summary | Ch.9: Accounts from Incomplete Records |
| Q5(a) | 5 | Preparation of Trial Balance from given ledger balances | Ch.2, Unit 3: Trial Balance |
| Q5(b) | 15 | NPO – Receipts and Payments A/c and Income and Expenditure A/c (investments, furniture, machinery, sports goods) | Ch.8: Financial Statements of Not-for-Profit Organisations |
| Q6(a) | 15 | Redemption of preference shares with rights issue of equity shares – Journal entries & Notes to Accounts | Ch.11: Company Accounts |
| Q6(b) | 5 | Periodic Inventory System vs. Perpetual Inventory System | Ch.4: Inventories |
Business Laws ▾
TEST 1 – Chapter 2: The Indian Contract Act, 1872 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 4 | Types of contracts – implied contract, quasi-contract, void contract (3 scenarios) | Ch.2: The Indian Contract Act, 1872 |
| Q2 | 4 | Legality of consideration/object – agreement for sale of public office (against public policy) | Ch.2: The Indian Contract Act, 1872 |
| Q3 | 4 | Misrepresentation & rescission of contract – means to discover the truth | Ch.2: The Indian Contract Act, 1872 |
| Q4 | 3 | Contracts involving personal skill – effect of death of promisor; refund under Sec. 65 | Ch.2: The Indian Contract Act, 1872 |
| Q5 | 3 | Vindictive/Exemplary damages – circumstances for award | Ch.2: The Indian Contract Act, 1872 |
| Q6 | 3 | Responsibility of finder of goods (bailment) – Sec. 71 | Ch.2: The Indian Contract Act, 1872 |
| Q7 | 3 | Distinction between Contract of Indemnity and Contract of Guarantee | Ch.2: The Indian Contract Act, 1872 |
| Q8 | 3 | Pledge – duties of Pawnee and rights of Pawnor regarding increase/profit on goods bailed | Ch.2: The Indian Contract Act, 1872 |
| Q9 | 3 | Agency – revocation of authority where agent has interest in subject matter (Sec. 202-206) | Ch.2: The Indian Contract Act, 1872 |
TEST 2 – Chapters 1 & 3: Indian Regulatory Framework & Sale of Goods Act, 1930 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 5 | Meaning of Law and procedure for making a law (Bill to Act of Parliament) | Ch.1: Indian Regulatory Framework |
| Q2 | 5 | Sale vs. agreement to sell; right to avoid agreement to sell (necklace/Sapphire stones case) | Ch.3: The Sale of Goods Act, 1930 |
| Q3 | 4 | Sale by sample – implied conditions (Sec. 17) and buyer's examination of sample | Ch.3: The Sale of Goods Act, 1930 |
| Q4 | 3 | Sale by sample and description – fitness for particular purpose (Sec. 15/16) | Ch.3: The Sale of Goods Act, 1930 |
| Q5 | 3 | Sale by mercantile agent – good title to bona fide buyer (Sec. 27 proviso) | Ch.3: The Sale of Goods Act, 1930 |
| Q6 | 4 | Buyer in possession before property passes – good title to third party (Sec. 30(2)) | Ch.3: The Sale of Goods Act, 1930 |
| Q7 | 6 | Rights of an unpaid seller against the buyer (suit for price, damages, interest) | Ch.3: The Sale of Goods Act, 1930 |
TEST 3 – Chapters 4 & 5: Indian Partnership Act & LLP Act, 2008 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 5 | Whether given arrangements constitute 'partnership' (profit/loss sharing, mutual agency, co-ownership) | Ch.4: The Indian Partnership Act, 1932 |
| Q2 | 4 | Effects of insolvency of a partner (Sec. 34) | Ch.4: The Indian Partnership Act, 1932 |
| Q3 | 4 | Liability of deceased partner's estate for acts of firm after death (Sec. 35) | Ch.4: The Indian Partnership Act, 1932 |
| Q4 | 4 | Legal position of a minor partner on attaining majority (Sec. 30(7)) | Ch.4: The Indian Partnership Act, 1932 |
| Q5 | 5 | Consequences of non-registration of a partnership firm (Sec. 69) | Ch.4: The Indian Partnership Act, 1932 |
| Q6 | 4 | LLP as a hybrid of limited liability of a company and flexibility of partnership | Ch.5: The Limited Liability Partnership Act, 2008 |
| Q7 | 4 | LLP characteristics – Body Corporate, Mutual Agency, Foreign LLP, Artificial Legal Person | Ch.5: The Limited Liability Partnership Act, 2008 |
TEST 4 – Chapters 6 & 7: Companies Act, 2013 & Negotiable Instruments Act, 1881 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 4 | Doctrine of Indoor Management – loan taken without proper board resolution | Ch.6: The Companies Act, 2013 |
| Q2 | 5 | Doctrine of Ultra Vires – consequences of ultra vires acts of a company | Ch.6: The Companies Act, 2013 |
| Q3 | 4 | Definition of 'subsidiary company' – holding through chain of companies (Sec. 2(87)) | Ch.6: The Companies Act, 2013 |
| Q4 | 4 | Private company – maximum member limit & exclusions (Sec. 2(68)) for conversion | Ch.6: The Companies Act, 2013 |
| Q5 | 5 | Calculation of date of maturity of a bill of exchange (days after date / after sight, grace days) | Ch.7: The Negotiable Instruments Act, 1881 |
| Q6 | 4 | Validity of statements on surety's liability, continuing guarantee, variation, bailment (True/False with reasons) | Ch.2: The Indian Contract Act, 1872 (Guarantee & Bailment provisions) |
| Q7 | 4 | Who is a 'holder' under the Negotiable Instruments Act (payee barred by court order; agent without endorsement) | Ch.7: The Negotiable Instruments Act, 1881 |
TEST 5 – Full Syllabus Test (Question Paper) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1(a) | 7 | Rights of Surety against Creditor, Principal Debtor and Co-Sureties | Ch.2: The Indian Contract Act, 1872 |
| Q1(b) | 7 | Doctrine of Indoor Management – payment to employee at billing counter with company seal on receipt | Ch.6: The Companies Act, 2013 |
| Q1(c) | 6 | Registration procedure of a partnership firm | Ch.4: The Indian Partnership Act, 1932 |
| Q2(a) | 7 | Agreement to sell where price to be fixed by third party who fails to fix it | Ch.3: The Sale of Goods Act, 1930 |
| Q2(b)(i) | 5 | Instances where the corporate veil fails to protect members (lifting of corporate veil) | Ch.6: The Companies Act, 2013 |
| Q2(b)(ii) | 2 | Effect of registration of Memorandum and Articles of Association | Ch.6: The Companies Act, 2013 |
| Q2(c) | 6 | Characteristics of LLP (limited liability + partnership flexibility) | Ch.5: The Limited Liability Partnership Act, 2008 |
| Q3(a)(i) | 4 | Partnership for a fixed term continuing to incur losses – options for reluctant partners | Ch.4: The Indian Partnership Act, 1932 |
| Q3(a)(ii) | 3 | Liability of sleeping partner for co-partner's dealing in stolen goods (firm's business) | Ch.4: The Indian Partnership Act, 1932 |
| Q3(b) | 7 | Subsidiary company & Government company status through chain shareholding | Ch.6: The Companies Act, 2013 |
| Q3(c) | 6 | Anticipatory breach of contract and its effect | Ch.2: The Indian Contract Act, 1872 |
| Q4(a)(i) | 4 | Agreement to purchase house destroyed before completion – refund of token money (frustration) | Ch.2: The Indian Contract Act, 1872 |
| Q4(a)(ii) | 3 | Agency – revocation of authority and agent's right to commission on sale made before notice received | Ch.2: The Indian Contract Act, 1872 |
| Q4(b) | 7 | Promissory note – circumstances where presentment for payment is not necessary | Ch.7: The Negotiable Instruments Act, 1881 |
| Q4(c) | 6 | Broad classification of laws in the Indian legal system | Ch.1: Indian Regulatory Framework |
| Q5(a)(i) | 4 | Successive 'sale or return' deliveries – liability for loss of goods by theft | Ch.3: The Sale of Goods Act, 1930 |
| Q5(a)(ii) | 3 | Right of stoppage in transit and buyer's claim for loss due to non-delivery | Ch.3: The Sale of Goods Act, 1930 |
| Q5(b) | 7 | Circumstances for dissolution of a partnership firm by the Court | Ch.4: The Indian Partnership Act, 1932 |
| Q5(c) | 6 | Definition and characteristics of valid consideration | Ch.2: The Indian Contract Act, 1872 |
| Q6(a)(i) | 4 | Negotiation of bill of exchange – delivery by legal representative after indorser's death | Ch.7: The Negotiable Instruments Act, 1881 |
| Q6(a)(ii) | 3 | Inland instrument vs. foreign instrument | Ch.7: The Negotiable Instruments Act, 1881 |
| Q6(b) [OR] | 6 | Wagering agreement & transactions resembling wager but not void / Contingent contract – essentials & rules | Ch.2: The Indian Contract Act, 1872 |
| Q6(c) | 7 | Circumstances where a non-owner can convey better title (exceptions to nemo dat quod non habet) | Ch.3: The Sale of Goods Act, 1930 |
CA Intermediate ▾
Advanced Accounting ▾
TEST 1 – Ch.2,4 (Framework, Presentation & Disclosure AS) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | AS 1 – Fundamental accounting assumptions | Ch4: Presentation & Disclosure Based AS (AS 1) |
| Q2 | 1 | AS 17 – Reportable segment threshold (10% test) | Ch4: Presentation & Disclosure Based AS (AS 17) |
| Q3 | 1 | AS 3 – Applicability of Cash Flow Statement to Level II entities | Ch3: Applicability of Accounting Standards / Ch11: Financial Statements of Companies |
| Q4 | 1 | AS 20 – Treatment of bonus shares issued during the year in EPS | Ch4: Presentation & Disclosure Based AS (AS 20) |
| Q5 | 1 | Framework – Reliability as a qualitative characteristic | Ch2: Framework for Preparation and Presentation of Financial Statements |
| Q1 | 6 | AS 20 – Basic and Diluted EPS (rights issue, convertible debentures) | Ch4: Presentation & Disclosure Based AS (AS 20) |
| Q2 | 6 | AS 3 – Cash Flow from Operating Activities (Indirect method) | Ch11: Financial Statements of Companies (Unit 2: Cash Flow Statement) |
| Q3 | 7 | AS 17 – Determination of reportable segments (10% threshold) | Ch4: Presentation & Disclosure Based AS (AS 17) |
| Q4 | 2 | AS 18 – Related party disclosure despite arm's length pricing | Ch4: Presentation & Disclosure Based AS (AS 18) |
| Q5 | 2 | AS 24 – Classification of Discontinuing Operations | Ch4: Presentation & Disclosure Based AS (AS 24) |
| Q6 | 2 | AS 25 – Deferral of exceptional interim loss to later quarters | Ch4: Presentation & Disclosure Based AS (AS 25) |
TEST 2 – Ch.5,6,7,8,9 (Assets/Liabilities/Items Impacting/Revenue/Other AS) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | AS 19 – Depreciation period for Right-of-Use/leased asset | Ch6: Liabilities Based AS (AS 19) |
| Q2 | 1 | AS 29 – Recognition of provision for probable litigation loss | Ch6: Liabilities Based AS (AS 29) |
| Q3 | 1 | AS 12/AS 10 – Government grant reducing gross cost of asset (NBV) | Ch9: Other AS (AS 12) / Ch5: Assets Based AS (AS 10) |
| Q4 | 1 | AS 7 – Recognition of expected loss on construction contract | Ch8: Revenue Based AS (AS 7) |
| Q5 | 1 | AS 28 – Value in use definition | Ch5: Assets Based AS (AS 28) |
| Q1(a) | 2 | AS 16 – Borrowing costs capitalisation with temporary income | Ch5: Assets Based AS (AS 16) |
| Q1(b) | 4 | AS 26 – Research vs. development phase cost recognition | Ch5: Assets Based AS (AS 26) |
| Q2(a) | 4 | AS 15 – Net employee benefit expense (defined benefit plan) | Ch6: Liabilities Based AS (AS 15) |
| Q2(b) | 4 | AS 22 – Deferred tax asset/liability computation | Ch7: AS Based on Items Impacting FS (AS 22) |
| Q3 | 3 | AS 9 – Revenue recognition (consignment, delayed delivery, advance) | Ch8: Revenue Based AS (AS 9) |
| Q4(a) | 4 | AS 2 – Valuation of raw material inventory (NRV comparison) | Ch5: Assets Based AS (AS 2) |
| Q4(b) | 4 | AS 4/AS 5 – Events after balance sheet date & prior period item | Ch7: AS Based on Items Impacting FS (AS 4/AS 5) |
| Q4(b) [OR] | 4 | AS 13 – Classification & valuation of investments (shares, gold, silver) | Ch5: Assets Based AS (AS 13) |
TEST 3 – Ch.10,11,13 (CFS, Financial Statements of Companies, Amalgamation) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | AS 14 – Goodwill/Capital Reserve on amalgamation (purchase method) | Ch13: Amalgamation of Companies (AS 14) |
| Q2 | 1 | AS 21 – Effect of unrealised intra-group profit on NCI | Ch10: AS for Consolidated Financial Statements (AS 21) |
| Q3 | 1 | AS 23 – Treatment of associate's profit & dividend (equity method) | Ch10: AS for Consolidated Financial Statements (AS 23) |
| Q4 | 1 | AS 12 – Government grant treated as deferred income | Ch9: Other AS (AS 12) |
| Q5 | 1 | AS 3 – Net cash flow from Investing Activities | Ch11: Financial Statements of Companies (Unit 2: Cash Flow Statement) |
| Q1 | 7 | Consolidated Balance Sheet – subsidiary (AS 21) & joint venture (AS 27) | Ch10: AS for Consolidated Financial Statements (AS 21/AS 27) |
| Q2 | 8 | Preparation of Statement of P&L and Balance Sheet from Trial Balance (Schedule III) | Ch11: Financial Statements of Companies (Unit 1) |
| Q3 | 8 | AS 3 – Cash Flow Statement (Indirect method) with debenture redemption | Ch11: Financial Statements of Companies (Unit 2: Cash Flow Statement) |
| Q4 | 2 | Amalgamation in the nature of merger – purchase consideration | Ch13: Amalgamation of Companies |
TEST 4 – Ch.12,13,14,15 (Buyback, Amalgamation, Reconstruction, Branches) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Buyback of shares – maximum number under board resolution (25% limit) | Ch12: Buyback of Securities |
| Q2 | 1 | AS 14 – Treatment of surplus of net assets over purchase consideration | Ch13: Amalgamation of Companies (AS 14) |
| Q3 | 1 | Internal reconstruction – waiver of accumulated preference dividend | Ch14: Accounting for Reconstruction of Companies |
| Q4 | 1 | AS 11 – Translation of goods-in-transit item for integral foreign branch | Ch15: Accounting for Branches (AS 11) |
| Q5 | 1 | Buyback of shares – transfer to Capital Redemption Reserve | Ch12: Buyback of Securities |
| Q1 | 10 | Amalgamation (purchase method) – purchase consideration & journal entries | Ch13: Amalgamation of Companies |
| Q2 | 5 | Internal reconstruction – journal entries for capital reduction scheme | Ch14: Accounting for Reconstruction of Companies |
| Q3 | 5 | AS 11 – Non-integral foreign branch trial balance conversion | Ch15: Accounting for Branches (AS 11) |
| Q4 | 5 | Buyback of shares – journal entries | Ch12: Buyback of Securities |
PART I – Case Scenario Based MCQs ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-4 | 8 (4×2) | Case Scenario 1: Buy-back of shares — Shares Outstanding Test, Board's report signing, Debt-Equity Ratio Test, Maximum buy-back | Chapter 12: Buyback of Securities |
| Q5-8 | 8 (4×2) | Case Scenario 2: Intangible asset (IP) recognition & amortisation as per AS 26 | Chapter 5: Assets Based Accounting Standards (AS 26) |
| Q9-11 | 6 (3×2) | Case Scenario 3: Government grants — land free of cost, grant for factory, grant for machinery (AS 12) | Chapter 9: Other Accounting Standards (AS 12) |
| Q12-15 | 8 (4×2) | Case Scenario 4: Construction contract revenue, escalation, incentive/penalty, variations (AS 7) | Chapter 8: Revenue Based Accounting Standards (AS 7) |
PART II – Descriptive Questions ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 14 | Cash Flow Statement – direct & indirect method | Chapter 11, Unit 2: Cash Flow Statement |
| Q2 | 14 | Amalgamation of Meet Ltd. & Preet Ltd. into Heer Ltd. (Balance Sheet after amalgamation) | Chapter 13: Amalgamation of Companies |
| Q3 | 14 | Consolidated Balance Sheet of Star Ltd. & subsidiary Moon Ltd. | Chapter 10: Accounting Standards for CFS (AS 21) |
| Q4(a) | 7 | Segment Reporting – reportable segment criteria (AS 17) | Chapter 4: Presentation & Disclosure Based Accounting Standards (AS 17) |
| Q4(b) | 7 | Branch accounting – rectification/adjustment journal entries | Chapter 15: Accounting for Branches including Foreign Branches |
| Q5(a) | 7 | Revenue Recognition – sale with postponed delivery (AS 9) | Chapter 8: Revenue Based Accounting Standards (AS 9) |
| Q5(b) | 7 | Contingencies and events occurring after balance sheet date (AS 4) | Chapter 7: Accounting Standards Based on Items Impacting Financial Statement (AS 4) |
| Q6(a) | 7 | Sale and lease back – operating lease profit/loss treatment (AS 19) | Chapter 6: Liabilities Based Accounting Standards (AS 19) |
| Q6(b) | 7 | Cessation of capitalisation of borrowing cost (AS 16) | Chapter 5: Assets Based Accounting Standards (AS 16) |
Corporate & Other Laws ▾
TEST 1 – Ch.2,3,4,5 (Incorporation, Prospectus, Share Capital, Deposits) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 2 | Sec. 8 company – revocation of licence for breach of conditions | Ch2: Incorporation of Company and Matters Incidental Thereto |
| Q2 | 2 | Entrenchment clause in AoA – resolution required to remove | Ch2: Incorporation of Company and Matters Incidental Thereto |
| Q3 | 2 | Minimum subscription for prospectus allotment | Ch3: Prospectus and Allotment of Securities |
| Q4 | 2 | Sweat equity shares – maximum issue limit in a financial year | Ch4: Share Capital and Debentures |
| Q5 | 2 | Eligible public company – net worth/turnover for accepting deposits | Ch5: Acceptance of Deposits by Companies |
| Q1 | 5 | OPC nominee – residency requirement validity | Ch2: Incorporation of Company and Matters Incidental Thereto |
| Q2 | 5 | Doctrine of Indoor Management – borrowing beyond AoA limit | Ch2: Incorporation of Company and Matters Incidental Thereto |
| Q3 | 5 | Expert's statement in prospectus – civil/criminal liability (Sec. 34/35) | Ch3: Prospectus and Allotment of Securities |
| Q4 | 5 | Reduction of share capital (Sec. 66) vs. diminution of share capital | Ch4: Share Capital and Debentures |
TEST 2 – Ch.5,6,7,8 (Deposits, Charges, Management & Administration, Dividend) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Extension of charge registration period (Sec. 77) | Ch6: Registration of Charges |
| Q2 | 1 | Deposit of interim dividend in separate bank account (Sec. 123(4)) | Ch8: Declaration and Payment of Dividend |
| Q3 | 1 | Requisition of EGM – shareholding threshold (Sec. 100) | Ch7: Management and Administration |
| Q4 | 1 | Eligible company – net worth/turnover criteria for public deposits | Ch5: Acceptance of Deposits by Companies |
| Q5 | 1 | Transfer of unpaid dividend to Unpaid Dividend Account – timeline | Ch8: Declaration and Payment of Dividend |
| Q1 | 5 | NBFC deposit exemption & Sec. 76A penal consequences for default | Ch5: Acceptance of Deposits by Companies |
| Q2 | 5 | Validity of AGM notice period & condonation of shortfall | Ch7: Management and Administration |
| Q3 | 5 | Mandatory security/charge for public deposits (Deposits Rules 2014) | Ch5: Acceptance of Deposits by Companies |
| Q4 | 5 | Conditions for declaring dividend out of accumulated profits (loss year) | Ch8: Declaration and Payment of Dividend |
| Q5 | 5 | Registration of charge by the lending bank when company defaults | Ch6: Registration of Charges |
TEST 3 – Ch.9,10,11,12 (Accounts, Audit, Foreign Companies, LLP Act) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Tenure of first auditor appointed by members (Sec. 139) | Ch10: Audit and Auditors |
| Q2 | 1 | LLP – minimum partner requirement & liability (LLP Act, 2008) | Ch12: The Limited Liability Partnership Act, 2008 |
| Q3 | 1 | Foreign company – e-commerce activity qualifying under Sec. 2(42) | Ch11: Companies Incorporated Outside India |
| Q4 | 1 | Internal Auditor eligibility (Sec. 138) | Ch9: Accounts of Companies |
| Q5 | 1 | CSR Committee – consecutive years threshold relief (Sec. 135) | Ch9: Accounts of Companies |
| Q1 | 6 | Voluntary revision of financial statements; CSR Committee composition limits | Ch9: Accounts of Companies |
| Q2 | 6 | Auditor disqualification – holding securities in client company (Sec. 141(3)(d)) | Ch10: Audit and Auditors |
| Q3 | 6 | Foreign company registration with RoC (Sec. 380) & contract validity | Ch11: Companies Incorporated Outside India |
| Q4 | 7 | LLP – partner's unauthorised act, fraud liability & whistleblowing | Ch12: The Limited Liability Partnership Act, 2008 |
TEST 4 – Part II: General Clauses Act, Interpretation of Statutes, FEMA ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | FEMA – residential status of Indian citizen working abroad | Part II, Ch3: The Foreign Exchange Management Act, 1999 |
| Q2 | 1 | General Clauses Act – effect of repeal of enactment (Sec. 6) | Part II, Ch1: The General Clauses Act, 1897 |
| Q3 | 1 | General Clauses Act – protection against double punishment (Sec. 26) | Part II, Ch1: The General Clauses Act, 1897 |
| Q4 | 1 | Rule of Harmonious Construction for conflicting statutory provisions | Part II, Ch2: Interpretation of Statutes |
| Q5 | 1 | FEMA – Current Account Transaction identification | Part II, Ch3: The Foreign Exchange Management Act, 1999 |
| Q1(a) | 3 | FEMA – Current vs. Capital Account Transactions (medical/JV/NRE withdrawal) | Part II, Ch3: The Foreign Exchange Management Act, 1999 |
| Q1(b) | 3 | FEMA – forex drawal limit for cultural tour & approvals required | Part II, Ch3: The Foreign Exchange Management Act, 1999 |
| Q2(a) | 4 | Mischief Rule (Heydon's Case) of interpretation | Part II, Ch2: Interpretation of Statutes |
| Q2(b) | 3 | Proviso vs. Exception as internal aids to interpretation | Part II, Ch2: Interpretation of Statutes |
| Q3(a) | 3 | Commencement of a Central Act (Sec. 5, General Clauses Act) | Part II, Ch1: The General Clauses Act, 1897 |
| Q3(b) | 3 | Definition of 'Good Faith' – General Clauses Act vs. IPC | Part II, Ch1: The General Clauses Act, 1897 |
| Q4 | 6 | 'Previous publication' (Sec. 23) & service by post (Sec. 27) – General Clauses Act | Part II, Ch1: The General Clauses Act, 1897 |
PART I – Case Scenario Based MCQs ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-5 | 10 (5×2) | Case Scenario 1: AGM due dates for holding/subsidiary companies, CFS applicability, notice of AGM | Chapter 7: Management & Administration (AGM) / Chapter 9: Accounts of Companies (CFS) |
| Q6-10 | 10 (5×2) | Case Scenario 2: CSR Committee applicability, unspent CSR account, CSR spend %, admin overheads, annual return due date | Chapter 9: Accounts of Companies (CSR – Sec.135) / Chapter 7: Management & Administration (Annual Return) |
| Q11-15 | 10 (5×2) | Case Scenario 3: OPC nominee formalities, private co. member limit, OPC mandatory conversion, resolution for conversion to OPC, nominee becoming member | Chapter 2: Incorporation of Company and Matters Incidental Thereto / Chapter 4: Share Capital and Debentures |
PART II – Descriptive Questions ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1(a) | 5 | AGM quorum and validity of adjourned meeting | Chapter 7: Management & Administration |
| Q1(b) | 5 | Appointment of Internal Auditor (Sec. 138) | Chapter 9: Accounts of Companies |
| Q1(c) | 4 | Requirement to create charge on working capital loan/overdraft | Chapter 6: Registration of Charges |
| Q2(a) | 5 | OPC – withdrawal of nominee consent, minor as nominee | Chapter 2: Incorporation of Company and Matters Incidental Thereto |
| Q2(b) | 5 | Effect of 'Explanation' added to a section | Part II, Chapter 2: Interpretation of Statutes |
| Q2(c) | 4 | Foreign company non-compliance with Chapter XXII – effect on suit/contract | Chapter 11: Companies Incorporated Outside India |
| Q3(a) | 5 | FEMA – current account transactions restrictions (remittances) | Part II, Chapter 3: The Foreign Exchange Management Act, 1999 |
| Q3(b) | 5 | General Clauses Act – measurement of distance (Sec. 11) | Part II, Chapter 1: The General Clauses Act, 1897 |
| Q3(c) | 4 | FEMA – meaning of 'Authorised person' and 'Currency' | Part II, Chapter 3: The Foreign Exchange Management Act, 1999 |
| Q4(a) | 5 | Private placement of securities – compliance with Sec. 42 | Chapter 3: Prospectus and Allotment of Securities |
| Q4(b) | 5 | LLP – liability of retiring partner without notice to ROC | Chapter 12: The Limited Liability Partnership Act, 2008 |
| Q4(c) | 4 | Effect of a 'Proviso' to a section | Part II, Chapter 2: Interpretation of Statutes |
| Q5(a) | 5 | Subsidiary holding shares in holding company as trustee (Sec. 19) | Chapter 4: Share Capital and Debentures |
| Q5(b) | 5 | General Clauses Act – rules/bye-laws made after previous publication (Sec. 23) | Part II, Chapter 1: The General Clauses Act, 1897 |
| Q5(c) | 4 | FEMA – meaning of 'Current Account Transaction' | Part II, Chapter 3: The Foreign Exchange Management Act, 1999 |
| Q6(a) | 5 | Application of Securities Premium Account | Chapter 4: Share Capital and Debentures |
| Q6(b) | 5 | Persons responsible for maintenance of Books of Accounts / Small LLP definition | Chapter 9: Accounts of Companies / Chapter 12: LLP Act, 2008 |
| Q6(c) | 4 | Interpretation vs. Construction | Part II, Chapter 2: Interpretation of Statutes |
Taxation ▾
TEST 1 – Income Tax Ch.1-6 (Basic Concepts to Set-off of Losses) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Residential status – Indian citizen leaving for foreign employment | Ch2: Residence and Scope of Total Income |
| Q2 | 1 | Clubbing – transfer of house property to minor daughter-in-law (Sec. 64(1)(vi)) | Ch5: Income of Other Persons included in Assessee's Total Income |
| Q3 | 1 | Set-off of house property loss against business income & LTCG | Ch6: Aggregation of Income, Set-off and Carry Forward of Losses |
| Q4 | 1 | Sec. 80D – medical insurance premium & preventive health check-up | Ch7: Deductions from Gross Total Income |
| Q5 | 1 | Sec. 35AD – set-off of specified business loss | Ch6: Aggregation of Income, Set-off and Carry Forward of Losses |
| Q1 | 8 | Comprehensive computation – Salary, House Property, Capital Gains, Clubbing, Deductions | Ch4: Heads of Income / Ch7: Deductions from Gross Total Income |
| Q2 | 7 | Set-off and carry forward of losses (house property, speculative, capital gains) | Ch6: Aggregation of Income, Set-off and Carry Forward of Losses |
| Q3 | 6 | Residential status determination (NR) & total income chargeable in India | Ch2: Residence and Scope of Total Income |
| Q4 | 4 | Clubbing (interest on capital gifted to spouse) & Sec. 80U deduction | Ch5: Income of Other Persons / Ch7: Deductions from Gross Total Income |
TEST 2 – Income Tax Ch.8,9,10 + GST Introduction/Supply/Charge ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Surcharge applicability for individual with income above Rs. 50 lakh | Ch8: Computation of Total Income and Tax Payable |
| Q2 | 1 | TDS u/s 194C – goods carriage transport contract | Ch9: Advance Tax, TDS and TCS |
| Q3 | 1 | Verification of return of income (Sec. 140) when incapacitated | Ch10: Provisions for Filing Return of Income |
| Q4 | 1 | GST – free samples as 'supply' (Schedule I / ITC reversal) | GST Ch2: Supply under GST |
| Q5 | 1 | RCM under Sec. 9(3)/9(4) of CGST Act | GST Ch3: Charge of GST |
| Q1 | 8 | PGBP computation & tax liability comparison (Old regime vs. Sec. 115BAC) | Ch3: Profits and Gains of Business or Profession / Ch8: Computation of Total Income |
| Q2 | 5 | Composite vs. mixed supply and RCM computation (GST) | GST Ch2: Supply under GST / Ch3: Charge of GST |
| Q3(a) | 3 | Due dates for filing Return of Income – various assessees (Sec. 139(1)) | Ch10: Provisions for Filing Return of Income |
| Q3(b) | 3 | Consequences of late filing – Sec. 234F fee & loss carry forward | Ch10: Provisions for Filing Return of Income / Ch6: Set-off and Carry Forward of Losses |
| Q4(a) | 3 | Concept of Dual GST and revenue distribution | GST Ch1: GST in India – An Introduction |
| Q4(b) | 3 | Constitutional validity of state luxury/entertainment tax post-GST | GST Ch1: GST in India – An Introduction |
TEST 3 – GST Ch.4-9 (Place/Time/Value of Supply, ITC, Registration) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Place of Supply – goods transportation service | GST Ch4: Place of Supply |
| Q2 | 1 | Exempt supply – healthcare services vs. beauty workshops | GST Ch5: Exemptions from GST |
| Q3 | 1 | Time of Supply of goods – invoice/payment/book entry dates | GST Ch6: Time of Supply |
| Q4 | 1 | ITC on motor vehicle for staff transport (blocked credit) | GST Ch8: Input Tax Credit |
| Q5 | 1 | Registration threshold limit for exclusive supply of goods | GST Ch9: Registration |
| Q1 | 8 | Value of supply (Sec. 15) & Net GST payable computation with ITC eligibility | GST Ch7: Value of Supply / Ch8: Input Tax Credit |
| Q2 | 5 | Time of Supply for continuous supply of services | GST Ch6: Time of Supply |
| Q3 | 4 | Place of Supply – hotel accommodation & training programme | GST Ch4: Place of Supply |
| Q4 | 4 | Charitable trust – GST exemption on old age home, library, temple shops, yoga camps | GST Ch5: Exemptions from GST |
| Q5 | 4 | Registration liability – mixed taxable/exempt/inter-state supplies | GST Ch9: Registration |
TEST 4 – GST Ch.10-14 (Invoicing, E-Way Bill, Payment of Tax, Returns) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | E-invoicing applicability for B2C supplies | GST Ch10: Tax Invoice, Credit and Debit Notes |
| Q2 | 1 | E-way bill – consignment value with exempt goods | GST Ch12: E-Way Bill |
| Q3 | 1 | Due date for filing Annual Return (GSTR-9) | GST Ch14: Returns |
| Q4 | 1 | TCS by e-commerce operator u/s 52 | GST Ch13: Payment of Tax |
| Q5 | 1 | Records to be maintained at principal place of business | GST Ch11: Accounts and Records |
| Q1 | 5 | TDS u/s 51 by PSU & minimum net GST payable in cash | GST Ch13: Payment of Tax |
| Q2 | 5 | E-way bill validity period & procedure on vehicle breakdown | GST Ch12: E-Way Bill |
| Q3 | 5 | Credit note/Debit note issuance & taxable value adjustment | GST Ch10: Tax Invoice, Credit and Debit Notes |
| Q4 | 5 | Composition taxpayer – stock register & return filing forms | GST Ch11: Accounts and Records / Ch14: Returns |
| Q5 | 5 | TDS (Sec. 51) / TCS (Sec. 52) applicability – municipal contract & e-commerce sale | GST Ch13: Payment of Tax |
SECTION A: INCOME TAX – Part I MCQs ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-3 | 6 (3×2) | Case Scenario 1: Depreciation u/s 32, TDS disallowance u/s 40(a)(ia), PGBP computation | Chapter 3: Heads of Income (PGBP) / Chapter 7: Advance Tax, TDS & TCS |
| Q4-7 | 8 (4×2) | Case Scenario 2: Due date of return filing, deduction u/s 80JJAA, total income & tax payable of firm | Chapter 8: Filing of Return of Income / Chapter 6: Deductions from Gross Total Income (80JJAA) |
| Q8 | 1 | Deduction u/s 80DD for maintenance of disabled dependent | Chapter 6: Deductions from Gross Total Income |
SECTION A: INCOME TAX – Part II Descriptive ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 15 | Comprehensive computation of total income & tax liability (PGBP, House Property, Capital Gains, Other Sources) – default vs optional regime | Chapter 3: Heads of Income & Chapter 6: Deductions from Gross Total Income |
| Q2(a) | 5 | Computation of Salary income – perquisites (motor car, RFA, medical treatment abroad) | Chapter 3: Heads of Income (Salaries) |
| Q2(b) | 5 | SEZ unit (Sec.10AA), specified business (Sec.35AD), AMT computation (Sec.115JC) | Chapter 9: Income Tax Liability – Computation and Optimisation |
| Q3(a) | 5 | TDS u/s 194DA on LIC maturity proceeds | Chapter 7: Advance Tax, TDS & TCS |
| Q3(b) | 5 | Clubbing of income – gift to spouse invested in business (Sec. 64) | Chapter 4: Income of Other Persons included in Assessee's Total Income |
| Q4(a) | 5 | Set-off and carry forward of losses (house property, speculation, specified business, card games) | Chapter 5: Aggregation of Income, Set-Off and Carry Forward of Losses |
| Q4(b) | 5 | Residential status of NRI & computation of total income | Chapter 2: Residence and Scope of Total Income |
SECTION B: GST – Part I MCQs ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-3 | 6 (2×3) | Case Scenario 1: Effective date of GST registration, invoice issue date, interest on delayed GST payment | Chapter 9: Registration / Chapter 6: Time of Supply / Chapter 13: Payment of Tax |
| Q4-6 | 6 (2×3) | Case Scenario 2: Time of supply of goods, GST payable on outward supply, eligible ITC (mixed supply, personal use, club membership) | Chapter 6: Time of Supply / Chapter 8: Input Tax Credit |
| Q7 | 2 | TCS by e-commerce operator on net value of taxable supplies | Chapter 14: TDS & TCS under GST |
| Q8 | 1 | Final return requirement on cancellation of GST registration | Chapter 15: Returns |
SECTION B: GST – Part II Descriptive ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1(a) | 10 | Computation of minimum net GST payable in cash – outward supply, branch transfer, RCM on legal services, ITC | Chapter 3: Charge of GST / Chapter 8: Input Tax Credit |
| Q1(b) | 5 | ITC restriction based on invoice matching in GSTR-1/GSTR-2B | Chapter 8: Input Tax Credit |
| Q2(a) | 5 | Place of supply – goods on board a conveyance; goods to be installed/assembled at site | Chapter 4: Place of Supply |
| Q2(b) | 5 | Taxability/exemption of specified services (education transport, parking, hospital canteen, RWA) | Chapter 5: Exemptions from GST |
| Q3(a) | 5 | Eligibility criteria to be registered as GST Practitioner (Sec. 48) | Chapter 9: Registration |
| Q3(b) | 5 | Exemption of agriculture related services (rearing, milling, warehousing) | Chapter 5: Exemptions from GST |
| Q4(a) | 5 | E-invoicing provisions, exempted persons, E-way Bill for self-owned vehicle | Chapter 12: E-Way Bill |
| Q4(b) | 5 | Person liable to pay GST – RCM on legal services & director's remuneration | Chapter 3: Charge of GST |
Cost & Management Acc. ▾
TEST 1 – Ch.1,2,3,4 (Introduction, Material, Employee Cost, Overheads) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Bin Card maintained by the Storekeeper | Ch2: Material Cost |
| Q2 | 1 | Halsey Premium Plan – bonus on time saved | Ch3: Employee Cost and Direct Expenses |
| Q3 | 1 | Under/over-absorption of overheads | Ch4: Overheads – Absorption Costing Method |
| Q4 | 1 | Direct Expense example – royalty on units produced | Ch3: Employee Cost and Direct Expenses |
| Q5 | 1 | Management Accounting focus – internal management | Ch1: Introduction to Cost and Management Accounting |
| Q1 | 5 | EOQ, Re-order Level, Minimum & Maximum Stock Level | Ch2: Material Cost |
| Q2 | 5 | Time Rate System vs. Rowan Premium Plan – weekly earnings | Ch3: Employee Cost and Direct Expenses |
| Q3 | 5 | Overhead apportionment (Service to Production dept.) & absorption rate | Ch4: Overheads – Absorption Costing Method |
| Q4 | 5 | Labour Turnover Rate – Separation, Replacement, Flux Method | Ch3: Employee Cost and Direct Expenses |
| Q5 | 5 | Material cost computation – trade discount, GST, transit shortage | Ch2: Material Cost |
TEST 2 – Ch.5,6,7,8 (ABC, Cost Sheet, Cost Accounting System, Batch Costing) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | ABC – setup costs as batch-level activity | Ch5: Activity Based Costing |
| Q2 | 1 | Cost Sheet – item excluded from Cost of Sales | Ch6: Cost Sheet |
| Q3 | 1 | Non-integrated system – stores ledger control account credited | Ch7: Cost Accounting System |
| Q4 | 1 | Economic Batch Quantity (EBQ) computation | Ch8: Unit & Batch Costing |
| Q5 | 1 | Integrated system – entry for under-absorbed overheads written off | Ch7: Cost Accounting System |
| Q1 | 10 | Traditional (DLH-based) vs. Activity Based Costing – cost per unit | Ch5: Activity Based Costing |
| Q2 | 8 | Preparation of comprehensive Cost Sheet | Ch6: Cost Sheet |
| Q3 | 4 | Batch costing – total batch cost & cost per unit | Ch8: Unit & Batch Costing |
| Q4 | 3 | Non-integrated system – journal entries | Ch7: Cost Accounting System |
TEST 3 – Ch.9,10,11,13 (Job/Process Costing, Joint Products, Standard Costing) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Process costing – computing total input from normal/abnormal loss | Ch10: Process & Operation Costing |
| Q2 | 1 | Job costing – Material Requisition Note | Ch9: Job Costing |
| Q3 | 1 | Standard costing – favourable price variance with unfavourable usage variance | Ch13: Standard Costing |
| Q4 | 1 | Joint products – Constant Gross Margin Percentage Method | Ch11: Joint Products & By Products |
| Q5 | 1 | Equivalent units for conversion cost (process costing) | Ch10: Process & Operation Costing |
| Q1 | 10 | Material Cost, Price, Usage, Mix and Yield Variances | Ch13: Standard Costing |
| Q2 | 8 | Equivalent production, cost per unit, Process Account (normal/abnormal loss) | Ch10: Process & Operation Costing |
| Q3 | 7 | Joint cost allocation (market value at split-off) & by-product NRV treatment | Ch11: Joint Products & By Products |
TEST 4 – Ch.1,12,14,15 (Service Costing, Marginal Costing, Budgetary Control) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Cost unit for passenger bus service | Ch12: Service Costing |
| Q2 | 1 | Margin of Safety, P/V ratio and profit computation | Ch14: Marginal Costing |
| Q3 | 1 | Budget preparation sequence – Sales Budget first | Ch15: Budget and Budgetary Control |
| Q4 | 1 | Cost classification – hotel guest room cleaning supplies (variable cost) | Ch1: Introduction to Cost and Management Accounting |
| Q5 | 1 | Break-even point – contribution equals fixed cost | Ch14: Marginal Costing |
| Q1 | 10 | Operating Cost Sheet for transport fleet – cost per absolute tonne-km | Ch12: Service Costing |
| Q2 | 8 | P/V ratio, fixed cost, break-even sales, target profit sales (two-period data) | Ch14: Marginal Costing |
| Q3 | 7 | Flexible Budget at higher capacity utilisation | Ch15: Budget and Budgetary Control |
PART I – Case Scenario Based MCQs ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-5 | N/A | Case Scenario 1: Prime cost, total & per-shift cost of production, admin cost, S&D cost, EMS & OMS | Chapter 3: Employee Cost and Direct Expenses / Chapter 6: Cost Sheet |
| Q6-10 | N/A | Case Scenario 2: Allocated fixed cost per unit, break-even point, max. units at given price, pricing for schools (CSR) | Chapter 11: Joint Products & By Products / Chapter 14: Marginal Costing |
| Q11 | N/A | Zero Based Budgeting (ZBB) – true/false statement | Chapter 15: Budget and Budgetary Control |
| Q12 | N/A | Economic order quantity – number of runs per year | Chapter 2: Material Cost |
| Q13 | N/A | Break-even quantity from P/V ratio & fixed cost | Chapter 14: Marginal Costing |
| Q14 | N/A | Standard material cost for actual output | Chapter 13: Standard Costing |
| Q15 | N/A | Joint cost allocation – physical quantity method | Chapter 11: Joint Products & By Products |
PART II – Descriptive Questions ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1(a) | 5 | Batch costing – price for 600 & 605 cakes | Chapter 8: Unit & Batch Costing |
| Q1(b) | 5 | Rowan Plan & Halsey Plan – factory cost of work | Chapter 3: Employee Cost and Direct Expenses |
| Q1(c) | 4 | Material price, usage & cost variance | Chapter 13: Standard Costing |
| Q2(a) | 10 | Process costing (average method) – equivalent production, statement of cost, Process-I A/c | Chapter 10: Process & Operation Costing |
| Q2(b) | 4 | Employee/Labour turnover rate (Separation, Replacement, New Recruitment, Flux Method) | Chapter 3: Employee Cost and Direct Expenses |
| Q3(a) | 9 | Operating cost statement for transport company – fare per passenger km. | Chapter 12: Service Costing |
| Q3(b) | 5 | Activity Based Costing – production cost of 3 products | Chapter 5: Activity Based Costing |
| Q4(a) | 5 | Efficiency, Activity, Calendar, Capacity Usage Ratios | Chapter 3: Employee Cost and Direct Expenses |
| Q4(b) | 5 | Job costing – price for a job with profit markup | Chapter 9: Job Costing |
| Q4(c) | 4 | Break-even units & fixed cost reduction for two products | Chapter 14: Marginal Costing |
| Q5(a) | 5 | Material, Labour, Fixed & Variable Overhead Cost Variance | Chapter 13: Standard Costing |
| Q5(b) | 5 | Cost sheet – raw material consumed to cost of sales | Chapter 6: Cost Sheet |
| Q5(c) | 4 | Re-order quantity, ROL, Max/Min/Average stock level | Chapter 2: Material Cost |
| Q6(a) | 7 | Objectives and importance of Cost Accounting | Chapter 1: Introduction to Cost and Management Accounting |
| Q6(b) | 7 | Lean Accounting / Throughput Costing vs. Traditional Costing | Chapter 1: Introduction to Cost and Management Accounting |
Auditing & Ethics ▾
TEST 1 – Ch.1,2,5 (Nature of Audit, Planning & Strategy, Internal Control) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | SA 200 – Professional judgment on change in depreciation method | Ch1: Nature, Objective and Scope of Audit |
| Q2 | 1 | Audit strategy & audit plan as interrelated processes (SA 300) | Ch2: Audit Strategy, Audit Planning and Audit Programme |
| Q3 | 1 | Inherent Risk – inventory susceptible to theft (before controls) | Ch5: Risk Assessment and Internal Control |
| Q4 | 1 | Benefits of a well-documented Audit Programme | Ch2: Audit Strategy, Audit Planning and Audit Programme |
| Q5 | 1 | IT-related risks in internal control systems | Ch5: Risk Assessment and Internal Control |
| Q1 | 5 | Inherent limitations of an audit (SA 200) | Ch1: Nature, Objective and Scope of Audit |
| Q2 | 5 | Audit planning as a continual/iterative process (SA 300) | Ch2: Audit Strategy, Audit Planning and Audit Programme |
| Q3 | 5 | Internal Control definition & objectives (SA 315) | Ch5: Risk Assessment and Internal Control |
| Q4 | 5 | Audit Strategy vs. Audit Plan – relationship | Ch2: Audit Strategy, Audit Planning and Audit Programme |
| Q5 | 5 | Professional Skepticism – updating audit programme for new risks | Ch1: Nature, Objective and Scope of Audit / Ch2: Audit Strategy, Planning and Programme |
TEST 2 – Ch.3,4,10 (Audit Documentation, Audit Evidence, Items of FS) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | SA 505 – management refusal of external confirmation request | Ch4: Audit Evidence |
| Q2 | 1 | Physical inventory verification – Existence assertion | Ch4: Audit Evidence |
| Q3 | 1 | SQC 1/SA 230 – audit documentation retention period | Ch3: Audit Documentation |
| Q4 | 1 | Most reliable evidence for cost/ownership of asset addition | Ch4: Audit Evidence |
| Q5 | 1 | Definition of 'Experienced Auditor' (SA 230) | Ch3: Audit Documentation |
| Q1(a) | 4 | General presumptions about reliability of audit evidence | Ch4: Audit Evidence |
| Q1(b) | 4 | SA 501 – auditor's duties on observation of physical inventory count | Ch4: Audit Evidence |
| Q2(a) | 4 | Substantive procedures for Existence & Valuation of Trade Receivables | Ch4: Audit Evidence / Ch10: Audit of Items of Financial Statements |
| Q2(b) | 5 | Capital vs. Revenue expenditure – auditor's classification responsibility | Ch10: Audit of Items of Financial Statements |
| Q3(a) | 4 | Audit documentation ownership & sharing with client (SQC 1/SA 230) | Ch3: Audit Documentation |
| Q3(b) | 4 | 'Audit File' & assembly of final audit file – timelines (SQC 1/SA 230) | Ch3: Audit Documentation |
TEST 3 – Ch.4,11,12 (Audit Evidence, Completion & Review, Audit Report) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Evaluating uncorrected misstatements – size and nature | Ch11: Completion and Review |
| Q2 | 1 | SA 580 – management refusal of written representation | Ch4: Audit Evidence |
| Q3 | 1 | SA 700 – 'Basis for Opinion' section components | Ch12: Audit Report |
| Q4 | 1 | SA 701 – selection of Key Audit Matters (KAM) | Ch12: Audit Report |
| Q5 | 1 | Qualified opinion – material but not pervasive misstatement | Ch12: Audit Report |
| Q1 | 5 | SA 520 – analytical procedures at completion stage vs. planning stage | Ch11: Completion and Review |
| Q2 | 5 | SA 580 – refusal to provide written representation on completeness | Ch4: Audit Evidence |
| Q3 | 5 | Key Audit Matters (SA 701) – factors & relation to modified opinion | Ch12: Audit Report |
| Q4 | 5 | SA 570 – going concern material uncertainty not disclosed | Ch11: Completion and Review |
| Q5 | 5 | Emphasis of Matter vs. Other Matter paragraph (SA 706) | Ch12: Audit Report |
TEST 4 – Ch.1,2,13,14 (Ethics, Planning, Bank Audit, Other Entities) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | NPA classification with government guarantee (income recognition) | Ch13: Audit of Banks |
| Q2 | 1 | SA 210 – scope limitation resulting in disclaimer of opinion | Ch2: Audit Strategy, Audit Planning and Audit Programme |
| Q3 | 1 | Audit of Government Hospital – concessional treatment verification | Ch14: Audit of Different Types of Entities |
| Q4 | 1 | Code of Ethics – threats from accepting significant gift/hospitality | Ch1: Nature, Objective and Scope of Audit |
| Q5 | 1 | Drawing Power computation basis (stock statements) | Ch13: Audit of Banks |
| Q1(a) | 5 | SA 210 – Preconditions for an audit | Ch2: Audit Strategy, Audit Planning and Audit Programme |
| Q1(b) | 4 | Change in terms of audit engagement to lower assurance level | Ch2: Audit Strategy, Audit Planning and Audit Programme |
| Q2(a) | 4 | NPA – agricultural advances (short vs. long duration crops) | Ch13: Audit of Banks |
| Q2(b) | 4 | Audit procedures for Bills Purchased and Discounted | Ch13: Audit of Banks |
| Q3(a) | 4 | Audit programme for Educational Institution – income/receipts verification | Ch14: Audit of Different Types of Entities |
| Q3(b) | 4 | Multi-State Co-operative Society – restrictions on loans/borrowings | Ch14: Audit of Different Types of Entities |
PART I – Case Scenario Based MCQs ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-5 | N/A | Case Scenario 1: Bank guarantee (NPA), out-of-order account, drawing power, doubtful assets provisioning, LFAR & other audit reports | Chapter 10: Audit of Banks |
| Q6-9 | N/A | Case Scenario 2: Audit strategy factors, materiality benchmark, tolerable misstatement & sample size, projected misstatement (SA 530) | Chapter 2: Audit Strategy, Audit Planning and Audit Programme / Chapter 4: Audit Evidence |
| Q10-12 | N/A | Case Scenario 3: Engagement letter, Rights & Obligations assertion (vehicles), management refusal of confirmation request | Chapter 1: Nature, Objective and Scope of Audit / Chapter 4: Audit Evidence |
| Q13 | N/A | Revision of audit strategy vs. audit plan | Chapter 2: Audit Strategy, Audit Planning and Audit Programme |
| Q14 | N/A | Reasonable assurance in an audit | Chapter 1: Nature, Objective and Scope of Audit |
| Q15 | N/A | Assertion for allocation of employee benefit expense | Chapter 4: Audit Evidence |
PART II – Descriptive Questions ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1(a) | 5 | Meaning of Audit Risk with example; what is not included in Audit Risk | Chapter 1: Nature, Objective and Scope of Audit |
| Q1(b) | 5 | Inventory valuation (AS 2) – damaged stock, NRV | Chapter 5: Audit of Items of Financial Statements |
| Q1(c) | 4 | Auditor's reporting on Internal Financial Controls (Sec. 143(3)(i)) | Chapter 8: Audit Report |
| Q2(a) | 5 | Written representations – management's responsibilities | Chapter 4: Audit Evidence |
| Q2(b) | 5 | Applicability of CARO 2020 to a Private Limited Company | Chapter 8: Audit Report |
| Q2(c) | 4 | Audit Sampling (SA 530) – sample design, size and selection | Chapter 4: Audit Evidence |
| Q3(a) | 5 | Joint Audit – joint & several responsibility of joint auditors (SA 299) | Chapter 2: Audit Strategy, Audit Planning and Audit Programme |
| Q3(b) | 5 | Verification of Bank Reconciliation Statement | Chapter 5: Audit of Items of Financial Statements |
| Q3(c) | 4 | Audit documentation of misstatements identified during audit | Chapter 6: Audit Documentation |
| Q4(a) | 5 | Inspection as an audit procedure & its reliability | Chapter 4: Audit Evidence |
| Q4(b) | 5 | Audit procedures for valuation of raw materials & consumables | Chapter 5: Audit of Items of Financial Statements |
| Q4(c) | 4 | Reporting of fraud to Central Government (Sec. 143(12)) | Chapter 7: Completion and Review |
| Q5(a) | 5 | Classes of companies exempt from CARO 2020 | Chapter 8: Audit Report |
| Q5(b) | 5 | Preconditions for an audit – SA 210 | Chapter 2: Audit Strategy, Audit Planning and Audit Programme |
| Q5(c) | 4 | Principles-based vs. Rules-based approach to ethics | Chapter 11: Ethics and Terms of Audit Engagements |
| Q6(a) | 5 | Going Concern – material uncertainty reporting (SA 570) | Chapter 7: Completion and Review |
| Q6(b) | 5 | Audit of a Hospital – special points of consideration | Chapter 9: Special Features of Audit of Different Type of Entities |
| Q6(c) | 4 | Audit of fees concessions & fees from students (Educational institution) | Chapter 9: Special Features of Audit of Different Type of Entities |
FM & SM ▾
TEST 1 – FM Ch.1,2,3 (Objectives, Types of Financing, Ratio Analysis) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Maximisation of Shareholders' Wealth concept | FM Ch1: Scope and Objectives of Financial Management |
| Q2 | 1 | Financing instrument avoiding dilution & fixed obligation (cumulative pref.) | FM Ch2: Types of Financing |
| Q3 | 1 | DuPont Analysis – Return on Equity computation | FM Ch3: Financial Analysis and Planning – Ratio Analysis |
| Q4 | 1 | Agency Problem – managers vs. shareholders | FM Ch1: Scope and Objectives of Financial Management |
| Q5 | 1 | Quick Ratio – exclusion of inventories/prepaid expenses | FM Ch3: Financial Analysis and Planning – Ratio Analysis |
| Q1 | 15 | Reconstruction of Balance Sheet from given financial ratios | FM Ch3: Financial Analysis and Planning – Ratio Analysis |
| Q2 | 6 | Working capital & balance sheet reconstruction from ratios | FM Ch3: Financial Analysis and Planning – Ratio Analysis |
| Q3 | 4 | Profit vs. Wealth Maximisation; concept of Securitization | FM Ch1: Scope and Objectives of Financial Management / Ch2: Types of Financing |
TEST 2 – FM Ch.4,5,6 (Cost of Capital, Capital Structure, Leverages) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Cost of new equity with flotation cost (dividend growth model) | FM Ch4: Cost of Capital |
| Q2 | 1 | Business risk (Operating Leverage) vs. Financial risk (Financial Leverage) | FM Ch6: Financing Decisions – Leverages |
| Q3 | 1 | MM Approach with taxes – value of levered firm | FM Ch5: Financing Decisions – Capital Structure |
| Q4 | 1 | Combined Leverage – % change in EPS for change in sales | FM Ch6: Financing Decisions – Leverages |
| Q5 | 1 | EBIT-EPS Indifference Point – identical EPS under two structures | FM Ch5: Financing Decisions – Capital Structure |
| Q1 | 10 | WACC using Book Value and Market Value weights | FM Ch4: Cost of Capital |
| Q2 | 8 | EPS under alternative financing plans & EBIT indifference point | FM Ch5: Financing Decisions – Capital Structure |
| Q3 | 7 | Income Statement from operating/financial data; Degree of Combined Leverage | FM Ch6: Financing Decisions – Leverages |
TEST 3 – FM Ch.7,8,9 (Investment Decisions, Dividend, Working Capital) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Equivalent Annual Benefit for projects with unequal lives | FM Ch7: Investment Decisions |
| Q2 | 1 | Walter's Dividend Model – optimum payout ratio (growth firm) | FM Ch8: Dividend Decision |
| Q3 | 1 | Operating Cycle & Cash Conversion Cycle computation | FM Ch9: Management of Working Capital |
| Q4 | 1 | Profitability Index – implication of PI > 1 | FM Ch7: Investment Decisions |
| Q5 | 1 | Baumol Model of cash management | FM Ch9: Management of Working Capital |
| Q1 | 10 | NPV of new machine – CFAT computation & recommendation | FM Ch7: Investment Decisions |
| Q2 | 7 | Walter's Dividend Model – market price at different payout ratios | FM Ch8: Dividend Decision |
| Q3 | 8 | Net Working Capital requirement (cash cost basis) | FM Ch9: Management of Working Capital |
TEST 4 – SM Ch.2,3,4,5 (External/Internal Analysis, Choices, Implementation) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Dynamic environment – AI/quantum computing industries | SM Ch2: Strategic Analysis: External Environment |
| Q2 | 1 | Resource-Based View – patented technology as core competency | SM Ch3: Strategic Analysis: Internal Environment |
| Q3 | 1 | Ansoff Matrix – Product Development (related diversification) | SM Ch4: Strategic Choices |
| Q4 | 1 | BCG Matrix – Question Mark classification | SM Ch3: Strategic Analysis: Internal Environment |
| Q5 | 1 | Matrix organisational structure | SM Ch5: Strategy Implementation and Evaluation |
| Q1 | 5 | Michael Porter's Five Forces Model of competitive analysis | SM Ch2: Strategic Analysis: External Environment |
| Q2 | 5 | Value Chain Analysis – Primary vs. Support Activities | SM Ch3: Strategic Analysis: Internal Environment |
| Q3 | 5 | Turnaround Strategy – action plan for a sick company | SM Ch5: Strategy Implementation and Evaluation |
| Q4 | 5 | Strategy Formulation vs. Strategy Implementation | SM Ch5: Strategy Implementation and Evaluation |
| Q5 | 5 | Strategic Change – Kurt Lewin's three-step model | SM Ch5: Strategy Implementation and Evaluation |
PAPER 6A: FINANCIAL MANAGEMENT – Part I MCQs ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-5 | 10 (5×2) | Case Scenario 1: Cost of equity, cost of debentures, cost of preference shares, overall (marginal) cost of capital | Chapter 4: Cost of Capital |
| Q6 | 2 | Cost of debenture (discount, floatation cost, redemption premium) | Chapter 4: Cost of Capital |
| Q7 | 2 | Degree of Operating Leverage from sales & break-even sales | Chapter 6: Financing Decisions – Leverages |
| Q8 | 1 | Payback reciprocal / approximate IRR | Chapter 7: Investment Decisions |
PAPER 6A: FINANCIAL MANAGEMENT – Part II Descriptive ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1(a) | 5 | Net profit margin, Return on Assets, Asset turnover, Return on Owners' Equity | Chapter 3: Financial Analysis and Planning – Ratio Analysis |
| Q1(b) | 5 | Dividend growth model – estimated market price of share | Chapter 8: Dividend Decision |
| Q1(c) | 5 | Net operating cycle period & number of operating cycles in a year | Chapter 9: Management of Working Capital |
| Q2 | 10 | Machine replacement decision – NPV analysis | Chapter 7: Investment Decisions |
| Q3(a) | 5 | Income statement preparation from financial/operating leverage & EPS | Chapter 6: Financing Decisions – Leverages |
| Q3(b) | 5 | Financing options for expansion – term loan vs. equity+debenture mix (EPS, MPS) | Chapter 5: Financing Decisions – Capital Structure |
| Q4(a) | 5 | Effective cost of factoring vs. bank finance | Chapter 9: Management of Working Capital |
| Q4(b) | 5 | Evaluation of credit policy options (bad debts, DTR, ROI on receivables) | Chapter 9: Management of Working Capital |
PAPER 6B: STRATEGIC MANAGEMENT – Part I MCQs ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-5 | N/A | Case Scenario 1 (Cafe Delight): Business life cycle stage, stakeholder engagement, expansion strategy, level of strategic management, differentiation strategy | Chapter 1: Introduction to Strategic Management / Chapter 2 & 3: Strategic Analysis (External/Internal) |
| Q6 | 2 | McKinsey 7-S Framework – soft/hard elements (Shared Values) | Chapter 5: Strategy Implementation and Evaluation |
| Q7 | 2 | BCG Matrix classification (Question Mark) | Chapter 3: Strategic Analysis: Internal Environment |
| Q8 | 1 | Value chain analysis – support/primary activities | Chapter 3: Strategic Analysis: Internal Environment |
PAPER 6B: STRATEGIC MANAGEMENT – Part II Descriptive ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1(a) | 5 | Kurt Lewin's Model of Change (Unfreezing, Changing, Refreezing) | Chapter 5: Strategy Implementation and Evaluation |
| Q1(b) | 5 | Steps to understand competitive landscape | Chapter 2: Strategic Analysis: External Environment |
| Q1(c) | 5 | Experience Curve and its features | Chapter 3: Strategic Analysis: Internal Environment |
| Q2(a) | 5 | Ansoff's Product Market Growth Matrix | Chapter 4: Strategic Choices |
| Q2(b) | 5 | Strategic Group Mapping | Chapter 2: Strategic Analysis: External Environment |
| Q3(a) | 5 | Product Life Cycle & its significance in portfolio diagnosis | Chapter 4: Strategic Choices |
| Q3(b) | 5 | Why should an organisation have a mission? | Chapter 1: Introduction to Strategic Management |
| Q4(a) | 5 | Importance of Strategic Performance Measures | Chapter 5: Strategy Implementation and Evaluation |
| Q4(b) | 5 | Mendelow's Matrix for stakeholder analysis | Chapter 2: Strategic Analysis: External Environment |
CA Final ▾
Paper 1 · Financial Reporting ▾
TEST 1 – Ch.1,2,3,4,9 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Ind AS 113 – Fair value based on Highest and Best Use (HBU) | Ch4: Measurement based on Accounting Policies (Ind AS 113) |
| Q2 | 1 | Ind AS 34 – Interim reporting of seasonal advertising expense | Ch3: Presentation of Items in FS (Ind AS 34) |
| Q3 | 1 | Ind AS 8 – Correction of prior period error (retrospective restatement) | Ch4: Measurement based on Accounting Policies (Ind AS 8) |
| Q4 | 1 | Ind AS 7 – Classification of cash flow from taxes on income | Ch3: Presentation of Items in FS (Ind AS 7) |
| Q5 | 1 | Conceptual Framework – Prudence and neutrality | Ch2: Conceptual Framework for Financial Reporting under Ind AS |
| Q1 | 5 | Ind AS 115 – Variable consideration (performance bonus), % of completion revenue | Ch9: Ind AS 115 Revenue from Contracts with Customers |
| Q2(a) | 3 | Ind AS 113 – Fair value in principal vs. most advantageous market | Ch4: Measurement based on Accounting Policies (Ind AS 113) |
| Q2(b) | 2 | Ind AS 10 – Adjusting vs. non-adjusting event (customer bankruptcy) | Ch4: Measurement based on Accounting Policies (Ind AS 10) |
| Q3 | 5 | Ind AS 7 – Cash Flow Statement (Operating activities, indirect method) | Ch3: Presentation of Items in FS (Ind AS 7) |
| Q4 | 5 | Ind AS 1 – Current vs. Non-current classification of receivable (operating cycle) | Ch3: Presentation of Items in FS (Ind AS 1) |
| Q5 | 5 | Conceptual Framework – Asset/Liability approach vs. Revenue-Expense matching | Ch2: Conceptual Framework for Financial Reporting under Ind AS |
TEST 2 – Ch.5,10 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Ind AS 16 – Derecognition of replaced PPE component | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 16) |
| Q2 | 1 | Ind AS 38 – Impairment of indefinite life intangible asset | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 38) |
| Q3 | 1 | Ind AS 116 – Lease modification decreasing scope | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 116) |
| Q4 | 1 | Ind AS 105 – Reversal of impairment on asset held for sale | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 105) |
| Q5 | 1 | Ind AS 41 – Measurement of biological assets | Ch10: Other Indian Accounting Standards (Ind AS 41) |
| Q1(a) | 5 | Ind AS 16 & 23 – Borrowing costs capitalisation on qualifying asset | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 16/23) |
| Q1(b) | 2 | Ind AS 2 – Valuation of inventory (NRV vs. cost) | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 2) |
| Q2(a) | 5 | Ind AS 36 – Impairment loss allocation across CGU assets | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 36) |
| Q2(b) | 4 | Ind AS 116 – Initial recognition of lease liability & ROU asset | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 116) |
| Q3(a) | 3 | Ind AS 102 – Share-based payment expense with revised forfeiture estimates | Ch10: Other Indian Accounting Standards (Ind AS 102) |
| Q3(b) | 3 | Ind AS 20 – Government grant – two presentation methods | Ch10: Other Indian Accounting Standards (Ind AS 20) |
| Q3(c) | 3 | Ind AS 40 – Investment property classification (owner-occupied portion) | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 40) |
TEST 3 – Ch.6,7,8,11 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Ind AS 19 – Past service cost on plan amendment | Ch6: Ind AS on Liabilities of the Financial Statements (Ind AS 19) |
| Q2 | 1 | Ind AS 24 – Related party disclosure (parent-subsidiary transactions) | Ch8: Ind AS on Disclosures in the Financial Statements (Ind AS 24) |
| Q3 | 1 | Ind AS 108 – Aggregation of operating segments | Ch8: Ind AS on Disclosures in the Financial Statements (Ind AS 108) |
| Q4 | 1 | Ind AS 109 – Amortised cost classification criteria | Ch11: Accounting and Reporting of Financial Instruments (Ind AS 109) |
| Q5 | 1 | Ind AS 33 – Dilutive options/warrants for diluted EPS | Ch8: Ind AS on Disclosures in the Financial Statements (Ind AS 33) |
| Q1 | 5 | Ind AS 32 – Compound financial instrument (convertible debentures) split | Ch11: Accounting and Reporting of Financial Instruments (Ind AS 32) |
| Q2 | 5 | Ind AS 12 – Deferred tax asset/liability computation | Ch7: Ind AS on Items impacting the Financial Statements (Ind AS 12) |
| Q3 | 3 | Ind AS 19 – Defined benefit plan (net interest, remeasurement) | Ch6: Ind AS on Liabilities of the Financial Statements (Ind AS 19) |
| Q4 | 3 | Ind AS 37 – Provision with insurance reimbursement | Ch6: Ind AS on Liabilities of the Financial Statements (Ind AS 37) |
| Q5 | 3 | Ind AS 33 – Basic and Diluted EPS (bonus shares, convertible preference) | Ch8: Ind AS on Disclosures in the Financial Statements (Ind AS 33) |
| Q6 | 3 | Ind AS 21 – Foreign currency transaction, year-end & settlement | Ch7: Ind AS on Items impacting the Financial Statements (Ind AS 21) |
| Q7 | 3 | Ind AS 109 – Cash flow hedge accounting (forward contract) | Ch11: Accounting and Reporting of Financial Instruments (Ind AS 109) |
TEST 4 – Ch.12,13,14,15,16,17 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Ind AS 103 – Measurement period for provisional amounts | Ch12: Ind AS 103 Business Combinations |
| Q2 | 1 | Classification of investee – subsidiary/associate/joint arrangement | Ch13: Consolidated and Separate FS of Group Entities (Ind AS 110/111/28) |
| Q3 | 1 | Ind AS 101 – Deemed cost exemption for PPE on transition | Ch14: Ind AS 101 First-time Adoption of Ind AS |
| Q4 | 1 | Analysis of divergence in asset turnover vs. operating margin | Ch15: Analysis of Financial Statements |
| Q5 | 1 | IT General Controls failure classification | Ch17: Accounting and Technology |
| Q1 | 5 | Ind AS 103 – Share exchange consideration, deferred consideration, NCI at FV, Consolidated B/S | Ch12: Ind AS 103 Business Combinations / Ch13: Consolidated FS |
| Q2(a) | 2.5 | Ind AS 111 – Classification of joint arrangement (JO vs JV) | Ch13: Consolidated and Separate FS of Group Entities (Ind AS 111) |
| Q2(b) | 2.5 | Ind AS 28 – Equity method carrying value of investment in associate | Ch13: Consolidated and Separate FS of Group Entities (Ind AS 28) |
| Q3(a) | 2.5 | Ind AS 27 – Accounting options in Separate Financial Statements | Ch13: Consolidated and Separate FS of Group Entities (Ind AS 27) |
| Q3(b) | 2.5 | Disclosure of intangible assets (reconciliation, useful life) | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 38) |
| Q4 | 5 | Ind AS 101 – Transition adjustments (dividend provision, EIR on loan) | Ch14: Ind AS 101 First-time Adoption of Ind AS |
| Q5(a) | 2.5 | Ratio analysis – earnings quality / aggressive accounting red flags | Ch15: Analysis of Financial Statements |
| Q5(b) | 2.5 | ICAI Code of Ethics – fundamental principles (deferring liability for EPS target) | Ch16: Professional and Ethical Duty of a Chartered Accountant |
FULL SYLLABUS TEST ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-2 | 4 | Joint construction of asset (PPE initial recognition, P&L impact) – joint operation | Ch5: Ind AS on Assets (Ind AS 16) / Ch13: Ind AS 111 |
| Q3-6 | 8 | Depreciation, impairment, held-for-sale classification & reversal | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 105/36) |
| Q7-9 | 6 | Classification of convertible preference shares – liability vs. equity | Ch11: Accounting and Reporting of Financial Instruments (Ind AS 32) |
| Q10-12 | 6 | Step acquisition – associate to subsidiary, goodwill, gain on previously held interest | Ch12: Ind AS 103 Business Combinations / Ch13: Ind AS 28 |
| Q13 | 2 | DCF valuation – fair value per equity share | Ch4: Measurement based on Accounting Policies (Ind AS 113) |
| Q14 | 2 | Ind AS 24 – Identification of related party | Ch8: Ind AS on Disclosures in the Financial Statements (Ind AS 24) |
| Q15 | 2 | Cloud computing models (SaaS/PaaS/IaaS) | Ch17: Accounting and Technology |
| Q1 | 14 | Consolidated Balance Sheet with foreign subsidiary translation (Ind AS 21) | Ch13: Consolidated and Separate FS of Group Entities |
| Q2(a) | 5 | Ind AS 109 – Fair value option bond, OCI on own credit risk | Ch11: Accounting and Reporting of Financial Instruments |
| Q2(b) | 5 | Ind AS 12 – Reconciliation of tax expense (effective tax rate) | Ch7: Ind AS on Items impacting the Financial Statements (Ind AS 12) |
| Q2(c) | 4 | Ind AS 38 – Amortisation of technical know-how based on production units | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 38) |
| Q3(a) | 8 | Ind AS 115 – Customer loyalty points, deferred revenue recognition | Ch9: Ind AS 115 Revenue from Contracts with Customers |
| Q3(b) | 6 | Ind AS 41 – Biological assets and agricultural produce measurement | Ch10: Other Indian Accounting Standards (Ind AS 41) |
| Q4(a) | 8 | Ind AS 102 – Group share-based payment schemes (parent & subsidiary ESOP) | Ch10: Other Indian Accounting Standards (Ind AS 102) |
| Q4(b) | 6 | Ind AS 116 – Lease modification (scope increase & term reduction) | Ch5: Ind AS on Assets of the Financial Statements (Ind AS 116) |
| Q5(a) | 6 | Ind AS 19 – Defined benefit plan with amendment & curtailment | Ch6: Ind AS on Liabilities of the Financial Statements (Ind AS 19) |
| Q5(b) | 4 | Ind AS 111 – Sale of asset to joint operation | Ch13: Consolidated and Separate FS of Group Entities (Ind AS 111) |
| Q5(c) | 4 | Concept of 'Offsetting' – assets/liabilities & income/expenses (Ind AS 1/32) | Ch3: Ind AS on Presentation of Items in FS (Ind AS 1) |
| Q5(c) [OR] | 4 | Presentation matters – audit qualification, 'standalone' label, currency disclosure, related party | Ch3: Presentation of Items in FS / Ch8: Disclosures |
| Q6(a) | 5 | Ind AS 8 – Change in accounting policy (inventory valuation method) | Ch4: Measurement based on Accounting Policies (Ind AS 8) |
| Q6(b) | 5 | Ind AS 33 – Basic & Diluted EPS with convertible bonds | Ch8: Ind AS on Disclosures in the Financial Statements (Ind AS 33) |
| Q6(c) | 4 | Benefits of AI/ML in accounting | Ch17: Accounting and Technology |
Paper 2 · Advanced Financial Management ▾
TEST 1 – Ch.1,2,3,4 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Nominal Risk-Adjusted Discount Rate (RADR) computation | Ch3: Advanced Capital Budgeting Decisions |
| Q2 | 1 | NPV sensitivity to inflation – strategic response | Ch1: Financial Policy and Corporate Strategy |
| Q3 | 1 | Value at Risk (VaR) – Parametric method for 10-day horizon | Ch2: Risk Management |
| Q4 | 1 | Dividend growth model – over/under valuation of stock | Ch4: Security Analysis |
| Q5 | 1 | Interface between Corporate Strategy and Financial Policy | Ch1: Financial Policy and Corporate Strategy |
| Q1 | 10 | Certainty Equivalent approach – risk-adjusted NPV | Ch3: Advanced Capital Budgeting Decisions |
| Q2 | 5 | CAPM & two-stage Dividend Discount Model – buy/hold/sell decision | Ch4: Security Analysis |
| Q3 | 5 | Value at Risk (VaR) at 95%/99% confidence; strategic risk appetite | Ch2: Risk Management |
| Q4 | 5 | Sustainable Growth Rate (SGR) & hurdle rate as strategic control | Ch1: Financial Policy and Corporate Strategy |
TEST 2 – Ch.5,6,7,8 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Portfolio standard deviation with perfectly negative correlation | Ch6: Portfolio Management |
| Q2 | 1 | Jensen's Alpha for mutual fund performance | Ch8: Mutual Funds |
| Q3 | 1 | Securitization – true sale / novation mechanism | Ch7: Securitization |
| Q4 | 1 | Macaulay Duration of a bond (coupon = YTM) | Ch5: Security Valuation |
| Q5 | 1 | Pass-Through Certificates vs. Pay-Through structures | Ch7: Securitization |
| Q1 | 8 | Two/Three-stage dividend valuation – intrinsic value vs. market price | Ch5: Security Valuation |
| Q2 | 8 | Bond portfolio duration & modified duration – price sensitivity | Ch5: Security Valuation |
| Q3 | 5 | Mutual Fund NAV computation (dividend, capital gains, expenses) | Ch8: Mutual Funds |
| Q4 | 4 | Mechanism of Securitization; PTC vs. Pay-Through Certificates | Ch7: Securitization |
TEST 3 – Ch.9,10,11 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Currency options – put option hedge net cash inflow for exporter | Ch10: Foreign Exchange Exposure and Risk Management |
| Q2 | 1 | Interest Rate Parity – continuous compounding forward rate | Ch10: Foreign Exchange Exposure and Risk Management |
| Q3 | 1 | Put-Call Parity – theoretical minimum value of put option | Ch9: Derivatives Analysis and Valuation |
| Q4 | 1 | Home Currency Approach – adjusted cost of equity for foreign project | Ch11: International Financial Management |
| Q5 | 1 | Option Greeks – Delta of call/put options | Ch9: Derivatives Analysis and Valuation |
| Q1 | 8 | Two-State Binomial Model & Risk-Neutral Probability – call option valuation | Ch9: Derivatives Analysis and Valuation |
| Q2 | 9 | Forward Market Hedge vs. Money Market Hedge – import payable | Ch10: Foreign Exchange Exposure and Risk Management |
| Q3 | 8 | International project NPV – Home Currency Approach with PPP | Ch11: International Financial Management |
TEST 4 – Ch.12,13,14,15 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Interest Rate Swap – net settlement cash flow | Ch12: Interest Rate Risk Management |
| Q2 | 1 | Merger – post-merger P/E ratio (no synergy) | Ch14: Mergers, Acquisitions and Corporate Restructuring |
| Q3 | 1 | FCFE valuation model – intrinsic value per share | Ch13: Business Valuation |
| Q4 | 1 | Interest Rate Futures – gain/loss on settlement | Ch12: Interest Rate Risk Management |
| Q5 | 1 | Venture Capital funding for scaling startup | Ch15: Startup Finance |
| Q1 | 8 | Quality Spread Differential (QSD) and interest rate swap design | Ch12: Interest Rate Risk Management |
| Q2 | 12 | Merger – post-merger EPS, MPS, gain/loss to shareholders | Ch14: Mergers, Acquisitions and Corporate Restructuring |
| Q3 | 5 | Venture Debt vs. Equity Financing (Angel Investors) for startup | Ch15: Startup Finance |
FULL SYLLABUS TEST ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-3 | 6 | Asset allocation strategies & equity management policies (CPPI, Constant Mix, Buy & Hold) | Ch6: Portfolio Management |
| Q4-6 | 6 | Merger swap ratio, post-merger EPS, takeover defence tactics (poison pill, greenmail) | Ch14: Mergers, Acquisitions and Corporate Restructuring |
| Q7-9 | 6 | Forex exposure hedging policy for exporter (selective vs. full hedging) | Ch10: Foreign Exchange Exposure and Risk Management |
| Q10-12 | 6 | Bond price, duration & portfolio price sensitivity | Ch5: Security Valuation |
| Q13 | 2 | Intrinsic value of share (CAPM-based required return & DDM) | Ch4: Security Analysis |
| Q14 | 2 | Option Greeks – Rho (sensitivity to interest rate) | Ch9: Derivatives Analysis and Valuation |
| Q15 | 2 | Techniques of Economic Analysis (EIC framework) | Ch4: Security Analysis |
| Q1(a) | 6 | Patent valuation using Black-Scholes (real options approach) | Ch13: Business Valuation |
| Q1(b) | 4 | CAPM equilibrium return – std. deviation from covariance & correlation | Ch4: Security Analysis |
| Q1(c) | 4 | Types of risks in a securitization transaction | Ch7: Securitization |
| Q2(a) | 10 | Capital budgeting under risk – probability distribution, NPV, std. deviation | Ch3: Advanced Capital Budgeting Decisions |
| Q2(b) | 4 | Characteristics of a financially sustainable organisation | Ch1: Financial Policy and Corporate Strategy |
| Q3(a) | 6 | Economic Value Added (EVA) – computation of PAT | Ch13: Business Valuation |
| Q3(b) | 4 | 10-day 99% Value at Risk (VaR) & diversification benefit | Ch2: Risk Management |
| Q3(c) | 4 | Venture capital financing stages – risk matrix | Ch15: Startup Finance |
| Q4(a) | 7 | International project NPV – repatriation restriction, Home Currency Approach | Ch11: International Financial Management |
| Q4(b) | 3 | Exponential Moving Average (technical analysis) | Ch4: Security Analysis |
| Q4(c) | 4 | Berkus Approach of startup valuation | Ch15: Startup Finance |
| Q4(c) [OR] | 4 | Credit Default Swaps – features & naked CDS | Ch7: Securitization |
| Q5(a) | 8 | Interest rate caps & floors – net savings analysis | Ch12: Interest Rate Risk Management |
| Q5(b) | 6 | Acquisition floor/ceiling price per share valuation | Ch13: Business Valuation |
| Q6(a) | 8 | Mutual fund NAV computation (issue/repurchase price, income distribution) | Ch8: Mutual Funds |
| Q6(b) | 6 | Forward cover vs. Money Market cover vs. Currency Option – import payable | Ch10: Foreign Exchange Exposure and Risk Management |
Paper 3 · Advanced Auditing, Assurance & Professional Ethics ▾
TEST 1 – Ch.1,2,3,4 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | SA 320 – Requirement to determine performance materiality | Ch4: Materiality, Risk Assessment and Internal Control |
| Q2 | 1 | SQC 1 / SA 220 – Documentation of discussions on significant risks & EQCR | Ch1: Quality Control |
| Q3 | 1 | SA 315 – Bypass of procurement controls as control deficiency | Ch4: Materiality, Risk Assessment and Internal Control |
| Q4 | 1 | SA 300 – Elements of overall audit strategy | Ch3: Audit Planning, Strategy and Execution |
| Q5 | 1 | SA 250 – Laws without direct effect on financial statements | Ch2: General Auditing Principles and Auditors Responsibilities |
| Q1 | 5 | SQC 1 / SA 220 – Engagement Partner's direction, supervision & review responsibilities | Ch1: Quality Control |
| Q2 | 5 | SA 250 – Suspected non-compliance with laws and regulations | Ch2: General Auditing Principles and Auditors Responsibilities |
| Q3 | 5 | SA 300 – Audit Plan vs. Audit Strategy; mandatory elements of Audit Plan | Ch3: Audit Planning, Strategy and Execution |
| Q4 | 5 | SA 320 – Planning materiality vs. Performance materiality | Ch4: Materiality, Risk Assessment and Internal Control |
| Q5 | 5 | SA 315 – Risk of Material Misstatement at FS & assertion level; IT risks | Ch4: Materiality, Risk Assessment and Internal Control |
TEST 2 – Ch.5,6,7,8,9,10 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | SA 710 – Uncorrected misstatement in comparative figures (predecessor auditor) | Ch6: Completion and Review |
| Q2 | 1 | SRS 4400 – Agreed-upon procedures assurance level | Ch9: Audit-related Services |
| Q3 | 1 | SA 810 – Summary financial statements with qualified underlying opinion | Ch8: Specialised Areas |
| Q4 | 1 | SRE 2410 – Interim review, matter causing material misstatement belief | Ch10: Review of Financial Information |
| Q5 | 1 | SA 501 – Alternative procedures when unable to attend inventory count | Ch5: Audit Evidence |
| Q1 | 5 | External confirmation dispute with debtor (damaged goods return) | Ch5: Audit Evidence |
| Q2 | 5 | SA 560 – Subsequent events after date of auditor's report but before issuance | Ch6: Completion and Review |
| Q3 | 5 | SA 805 – Audit of single financial statement (Schedule of Trade Receivables) | Ch8: Specialised Areas |
| Q4 | 5 | SRS 4410 – Compilation engagement responsibilities | Ch9: Audit-related Services |
| Q5 | 5 | Review Engagement (SRE 2400) vs. Audit Engagement (SA 200 series) | Ch10: Review of Financial Information |
TEST 3 – Ch.11,12,13,14 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | SAE 3400 – Reporting on unrealistic hypothetical assumptions in PFI | Ch11: Prospective Financial Information and Other Assurance Services |
| Q2 | 1 | Digital audit – configuration review / application control testing | Ch12: Digital Auditing & Assurance |
| Q3 | 1 | SA 600 – Group auditor's access to component auditor's working papers | Ch13: Group Audits |
| Q4 | 1 | CARO 2020 – NBFC-ND-SI reporting on RBI master directions | Ch14: Special Features of Audit of Banks & NBFCs |
| Q5 | 1 | SAE 3420 – Reporting on compilation of pro forma financial information | Ch11: Prospective Financial Information and Other Assurance Services |
| Q1(a) | 3 | SAE 3420 – Auditor's responsibilities for pro forma financial information | Ch11: Prospective Financial Information and Other Assurance Services |
| Q1(b) | 3 | SAE 3400 – Forecast vs. Projection distinction | Ch11: Prospective Financial Information and Other Assurance Services |
| Q2(a) | 3 | Completeness & Accuracy of System-Generated Reports (SGR/IPE) | Ch12: Digital Auditing & Assurance |
| Q2(b) | 4 | Continuous Auditing & Cyber Security Audit | Ch12: Digital Auditing & Assurance |
| Q3(a) | 3 | SA 600 – Documentation of direction, supervision & review of component auditors | Ch13: Group Audits |
| Q3(b) | 3 | Group Audit Report impact of component auditor's modified report | Ch13: Group Audits |
| Q4(a) | 3 | Audit procedures for restructured bank advances (RBI guidelines) | Ch14: Special Features of Audit of Banks & NBFCs |
| Q4(b) | 3 | NBFC Auditor's Report (Reserve Bank) Directions 2016 – reporting requirements | Ch14: Special Features of Audit of Banks & NBFCs |
TEST 4 – Ch.15,16,17,18,19 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | C&AG Performance Audit – core elements (economy, efficiency, effectiveness) | Ch15: Overview of Audit of Public Sector Undertakings |
| Q2 | 1 | SIA – Internal auditor's response to scope limitation | Ch16: Internal Audit |
| Q3 | 1 | Due Diligence – unaccounted stock spike as red flag | Ch17: Due Diligence, Investigation & Forensic Audit |
| Q4 | 1 | GHG Emissions – Scope 1 classification | Ch18: Sustainable Development Goals & ESG Assurance |
| Q5 | 1 | Clause 10 CA Act – contingent fee arrangement | Ch19: Professional Ethics & Liabilities of Auditors |
| Q1 | 5 | Propriety Audit in context of PSU (avoidable expenditure objection) | Ch15: Overview of Audit of Public Sector Undertakings |
| Q2 | 5 | Internal Auditor's responsibility for evaluating Risk Management (cyber-security) | Ch16: Internal Audit |
| Q3 | 5 | Due Diligence vs. Investigation; off-balance sheet red flags | Ch17: Due Diligence, Investigation & Forensic Audit |
| Q4 | 5 | Limited vs. Reasonable Assurance in ESG/GRI sustainability reporting | Ch18: Sustainable Development Goals & ESG Assurance |
| Q5 | 5 | Acceptance of gift (holiday resort) from client – Code of Ethics | Ch19: Professional Ethics & Liabilities of Auditors |
FULL SYLLABUS TEST ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-2 | 4 | Internal control frameworks (COSO/COBIT); ICQ, Checklist, Flowchart classification | Ch4: Materiality, Risk Assessment and Internal Control |
| Q3-4 | 4 | Branch audit/joint auditor arrangements; fee dependence disclosure | Ch2: General Auditing Principles / Ch19: Professional Ethics |
| Q5-7 | 6 | Performance audit planning sequence (PSU); bank advances audit procedures; drawing power | Ch15: Overview of Audit of PSUs / Ch14: Special Features of Audit of Banks & NBFCs |
| Q8-10 | 6 | Sampling for external confirmations; CARO loan/advance clause; group audit qualification | Ch5: Audit Evidence / Ch13: Group Audits |
| Q11-13 | 6 | Classification of misstatements; special purpose framework reporting; separate opinion on cash flow statement | Ch6: Completion and Review / Ch7: Reporting |
| Q14 | 2 | Audit trail (edit log) ITGC controls evaluation | Ch12: Digital Auditing & Assurance |
| Q15 | 2 | Cyber-attack incident classification – Ransomware | Ch12: Digital Auditing & Assurance |
| Q1(a) | 5 | Reporting when prior year qualification is/isn't rectified | Ch7: Reporting |
| Q1(b) | 5 | Estimation uncertainty in accounting estimates – auditor's evaluation | Ch4: Materiality, Risk Assessment and Internal Control |
| Q1(c) | 4 | CA firm registration on GeM portal for government procurement services | Ch19: Professional Ethics & Liabilities of Auditors |
| Q2(a) | 5 | Assurance report on service organisation controls (outsourced payroll) | Ch9: Audit-related Services |
| Q2(b) | 5 | CARO 2020 – reporting on loans, guarantees & overdue amounts | Ch7: Reporting |
| Q2(c) | 4 | Signing audit report without reviewing deceased partner's work | Ch1: Quality Control / Ch19: Professional Ethics |
| Q3(a) | 5 | Completeness of components identified for consolidation | Ch13: Group Audits |
| Q3(b) | 5 | Cyber Security Framework – identification of cybersecurity risks | Ch12: Digital Auditing & Assurance |
| Q3(c) | 4 | Fee ceiling – representation before ITAT vs. audit fee (CA Amendment Act) | Ch19: Professional Ethics & Liabilities of Auditors |
| Q4(a) | 5 | NBFC registration criteria under Section 45-IA of RBI Act | Ch14: Special Features of Audit of Banks & NBFCs |
| Q4(b) | 5 | ICAI Networking Guidelines – when a 'network' is constituted | Ch19: Professional Ethics & Liabilities of Auditors |
| Q4(c) | 4 | Non-statutory-auditor engagement to review trade receivables (special engagement) | Ch8: Specialised Areas |
| Q5(a) | 5 | Drafting the letter of weaknesses in internal control system | Ch4: Materiality, Risk Assessment and Internal Control |
| Q5(b) | 5 | ICAI disciplinary proceedings – misconduct & appeal | Ch19: Professional Ethics & Liabilities of Auditors |
| Q5(c) | 4 | ESG – Social pillar (product safety, quality, labour relations) | Ch18: Sustainable Development Goals & ESG Assurance |
| Q6(a) | 5 | External confirmations from creditors with cancelled GST registration | Ch5: Audit Evidence |
| Q6(b) | 5 | Investigating Accountant – steps for incoming partner investigation | Ch17: Due Diligence, Investigation & Forensic Audit |
| Q6(b) [OR] | 5 | Audit programme for a movie theatre complex (revenue & expenditure) | Ch3: Audit Planning, Strategy and Execution |
| Q6(c) | 4 | SRE 2410 – Written representations to be obtained | Ch10: Review of Financial Information |
Paper 4 · Direct Tax Laws & International Taxation ▾
TEST 1 – Ch.1-8 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Carry forward of business loss on amalgamation (Sec. 72A) | Ch7: Aggregation of Income, Set Off or Carry Forward of Losses |
| Q2 | 1 | Gift of immovable property – Sec. 56(2)(x) | Ch5: Income from Other Sources |
| Q3 | 1 | Charitable trust – statutory accumulation exempt u/s 11(1)(a) | Ch10: Assessment of Trusts and Institutions |
| Q4 | 1 | Clubbing of minor's dividend income (Sec. 64) | Ch6: Income of Other Persons included in Assessee's Total Income |
| Q5 | 1 | POEM – tax rate for foreign company treated as resident | Ch1: Basic Concepts |
| Q1 | 8 | Computation of Total Income – depreciation, sci. research, bonus, CSR, 80JJAA | Ch3: Profits and Gains of Business or Profession / Ch8: Deductions from GTI |
| Q2 | 10 | Conversion of capital asset into stock-in-trade – capital gains & business income | Ch4: Capital Gains |
| Q3 | 7 | Clubbing of minor's income & set-off/carry forward of losses – Gross Total Income computation | Ch6: Income of Other Persons / Ch7: Aggregation of Income, Set Off or Carry Forward of Losses |
TEST 2 – Ch.9-12 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | GAAR – SEZ shifting for tax benefit (main purpose test) | Ch11: Tax Planning, Tax Avoidance and Tax Evasion |
| Q2 | 1 | Equalisation Levy on e-commerce supply/services | Ch12: Taxation of Digital Transactions |
| Q3 | 1 | LLP – Alternate Minimum Tax (Sec. 115JC) | Ch9: Assessment of Various Entities |
| Q4 | 1 | Charitable trust – corpus donation exemption conditions | Ch10: Assessment of Trusts and Institutions |
| Q5 | 1 | Political party – Sec. 13A exemption & cash donations | Ch10: Assessment of Trusts and Institutions |
| Q1 | 25 | Firm assessment – partners' remuneration, interest on capital, disallowances | Ch9: Assessment of Various Entities |
TEST 3 – Ch.13-20 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | TDS u/s 194-IA on assignment of leasehold rights | Ch13: Deduction, Collection and Recovery of Tax |
| Q2 | 1 | Best judgment assessment sequence (Sec. 142(1), 144) | Ch15: Assessment Procedure |
| Q3 | 1 | Search cases excluded from Board for Dispute Resolution | Ch17: Dispute Resolution |
| Q4 | 1 | Undisclosed foreign asset – Black Money Act taxation & penalty | Ch18: Miscellaneous Provisions |
| Q5 | 1 | Tax auditor's incorrect reporting – penalty u/s 271J | Ch20: Tax Audit and Ethical Compliances |
| Q1 | 5 | TDS/TCS computation across multiple transactions | Ch13: Deduction, Collection and Recovery of Tax |
| Q2 | 20 | Reassessment – escaped income, notice validity and time limits | Ch15: Assessment Procedure |
TEST 4 – Ch.21-28 ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Withdrawal of application before Board for Advance Rulings | Ch23: Advance Rulings |
| Q2 | 1 | BEPS Action Plan 1 – Significant Economic Presence (Sec. 9(1)(i)) | Ch25: Fundamentals of BEPS |
| Q3 | 1 | VCLT – Contemporanea Expositio interpretation of treaty term | Ch26: Application and Interpretation of Tax Treaties |
| Q4 | 1 | UN Model vs. OECD Model – taxation of Royalties/FTS | Ch27: Overview of Model Tax Conventions |
| Q5 | 1 | Pillar Two – Global Minimum Tax revenue threshold | Ch28: Latest Developments in International Taxation |
| Q1 | 25 | Transfer Pricing – Arm's Length Price computation (sale, freight, guarantee fee) | Ch24: Transfer Pricing |
FULL SYLLABUS TEST ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-3 | 6 | Indirect transfer of shares – 50% threshold test, valuation date, Rule 11UC | Ch21: Non Resident Taxation |
| Q4-6 | 6 | Digital payment acceptance (Sec. 269SU), SFT penalty, authentication of notices, Sec. 288 disqualification | Ch18: Miscellaneous Provisions |
| Q7-9 | 6 | Pillar Two GloBE Income – Effective Tax Rate & Jurisdictional Top-up Tax | Ch28: Latest Developments in International Taxation |
| Q10-11 | 4 | Tonnage Tax Scheme – shipping company income & WDV of qualifying ships | Ch9: Assessment of Various Entities |
| Q12-14 | 6 | Sec. 115BAA/115BAB special tax rates for manufacturing companies | Ch1: Basic Concepts |
| Q15 | 2 | Charitable trust – application of income computation | Ch10: Assessment of Trusts and Institutions |
| Q1 | 14 | Comprehensive PGBP computation – dividend, waiver of loan, debentures, 80-IBA, insurance receipt, MAT | Ch3: Profits and Gains of Business or Profession |
| Q2(a) | 8 | Reconstitution of firm – capital gains on distribution of assets to partners (Sec. 9B/45(4)) | Ch4: Capital Gains |
| Q2(b) | 6 | Charitable trust – computation of taxable income (corpus, application, accumulation) | Ch10: Assessment of Trusts and Institutions |
| Q3(a) | 5 | NRI – foreign royalty/rental income, DTAA relief computation | Ch22: Double Taxation Relief |
| Q3(b) | 5 | FII taxation under Sec. 115AD | Ch21: Non Resident Taxation |
| Q3(c) | 4 | VDA transfer taxation & individual tax computation under 115BAC | Ch5: Income from Other Sources |
| Q4(a)(i) | 4 | TDS statement late filing – Sec. 234E fee | Ch13: Deduction, Collection and Recovery of Tax |
| Q4(a)(ii) | 4 | TDS u/s 194Q & TCS u/s 206C(1H) on purchase transactions | Ch13: Deduction, Collection and Recovery of Tax |
| Q4(b) | 6 | Associated Enterprises & Arm's Length Price computation | Ch24: Transfer Pricing |
| Q5(a)(i) | 4 | Substantial question of law – Sec. 260A appeal to High Court | Ch16: Appeals and Revision |
| Q5(a)(ii) | 4 | Defective return rectification & time limit for notice u/s 143(2) | Ch15: Assessment Procedure |
| Q5(a)(iii) | 4 | Stay of demand by Appellate Tribunal – automatic vacation after 365 days | Ch16: Appeals and Revision |
| Q5(b) | 4 | Doctrine of form and substance in tax planning | Ch11: Tax Planning, Tax Avoidance and Tax Evasion |
| Q5(c) | 2 | Covered Tax Agreement (CTA) under Multilateral Instrument | Ch26: Application and Interpretation of Tax Treaties |
| Q6(a) | 5 | PAN requirement (Sec. 139A / Rule 114B/114BA) | Ch18: Miscellaneous Provisions |
| Q6(b)(i) | 3 | Clause 22 Form 3CD – MSME payment disallowance | Ch20: Tax Audit and Ethical Compliances |
| Q6(b)(ii) | 2 | Clause 36B Form 3CD – buy-back of shares reporting | Ch20: Tax Audit and Ethical Compliances |
| Q6(c) | 4 | MFN clause under DTAA – CBDT Circular 3/2022 | Ch26: Application and Interpretation of Tax Treaties |
Paper 5 · Indirect Tax Laws ▾
TEST 1 – Module 1 (Ch.1-6) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Place of Supply – hotel accommodation vs. business centre services | Ch3: Place of Supply |
| Q2 | 1 | Charitable trust GST liability (room/hall rent, yoga fees) | Ch4: Exemptions from GST |
| Q3 | 1 | Time of Supply – advance received for services | Ch5: Time of Supply |
| Q4 | 1 | Transfer of business as going concern | Ch1: Supply under GST |
| Q5 | 1 | Speed Post services – RCM/FCM applicability | Ch2: Charge of GST |
| Q1 | 5 | GST on disposal of assets (scrap sale, free gift, transfer without consideration) | Ch1: Supply under GST |
| Q2 | 5 | Net GST payable computation (RCM legal services, GTA) | Ch2: Charge of GST |
| Q3 | 15 | Place of Supply – installation on train, online ticket booking, remote diagnostic services | Ch3: Place of Supply |
TEST 2 – Module 2 (Ch.7-13) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | ITC on motor vehicle for employee transport | Ch7: Input Tax Credit |
| Q2 | 1 | Registration threshold – special category State (Nagaland) | Ch8: Registration |
| Q3 | 1 | Time limit for issuing a debit note | Ch9: Tax Invoice, Credit and Debit Notes |
| Q4 | 1 | E-way Bill – computation of 'Consignment Value' | Ch10: Accounts and Records; E-way Bill |
| Q5 | 1 | TCS by ECO – 'net value of taxable supplies' | Ch12: Electronic Commerce Transactions |
| Q1 | 5 | ITC eligibility on various inward supplies (raw material lots, personal use, construction) | Ch7: Input Tax Credit |
| Q2 | 20 | Registration liability of various independent entities | Ch8: Registration |
TEST 3 – Module 3 (Ch.14-24) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Export under LUT – refund eligibility with Vostro account receipt | Ch15: Refunds |
| Q2 | 1 | Job Work – deemed supply of capital goods not returned | Ch16: Job Work |
| Q3 | 1 | Seizure of goods – notice time limit u/s 67(7) | Ch18: Inspection, Search, Seizure and Arrest |
| Q4 | 1 | Liability on amalgamation – transactions before NCLT order | Ch20: Liability to Pay Tax in Certain Cases |
| Q5 | 1 | Advance Ruling – binding effect | Ch23: Advance Ruling |
| Q1 | 7 | Maximum refund computation under Rule 89(4) for export of goods/services | Ch15: Refunds |
| Q2 | 18 | Show Cause Notice u/s 74 – penalty mitigation scenarios | Ch19: Demands and Recovery |
TEST 4 – Module 4: Customs (Ch.1-5,7,8) ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1 | 1 | Rate of duty – advance Bill of Entry vs. date of entry inwards | Ch1: Levy of and Exemptions from Customs Duty |
| Q2 | 1 | Warehousing – interest u/s 61(2) for delay beyond permitted period | Ch5: Importation, Exportation and Transportation of Goods |
| Q3 | 1 | Advance Authorization Scheme for duty-free import | Ch8: Foreign Trade Policy |
| Q4 | 1 | General Rules for Interpretation of Import Tariff (GIR) | Ch3: Classification of Imported and Export Goods |
| Q5 | 1 | Refund of excess customs duty – limitation period u/s 27 | Ch7: Refund |
| Q1 | 25 | Customs duty & IGST computation (CIF value, royalty, anti-dumping duty) | Ch4: Valuation under the Customs Act, 1962 |
FULL SYLLABUS TEST ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1-5 | 10 | Event management services – place & value of supply, GST payable, casual taxable person | Ch3: Place of Supply / Ch2: Charge of GST |
| Q6-10 | 10 | Food company – taxable outward supply value, RCM, time of supply, interest & penalty | Ch6: Value of Supply / Ch2: Charge of GST / Ch5: Time of Supply |
| Q11 | 2 | E-commerce operator liability for local delivery services | Ch12: Electronic Commerce Transactions |
| Q12 | 2 | Aggregate turnover & due date for Annual Return | Ch13: Returns |
| Q13 | 2 | Re-import of goods sent for repairs – conditions | Ch5: Importation, Exportation and Transportation of Goods (Customs) |
| Q14 | 2 | Bank account details mandatory at GST registration | Ch8: Registration |
| Q15 | 2 | Penalty for transporting goods without e-way bill/invoice – Sec. 122 | Ch21: Offences And Penalties |
| Q1 | 14 | Mining contractor – GST computation (JV cost recovery, mining rights, royalty, minimum cash payable) | Ch2: Charge of GST / Ch6: Value of Supply |
| Q2(a) | 5 | Place of supply of advertisement services across multiple States | Ch3: Place of Supply |
| Q2(b) | 5 | Online money gaming – GST computation & registration requirement | Ch6: Value of Supply / Ch2: Charge of GST |
| Q2(c) | 4 | Customs – Baggage Rules 2016, value of baggage liable to duty | Module 4: Customs – Importation, Exportation and Transportation of Goods |
| Q3(a) | 5 | Taxability of specified services (artificial insemination, cleaning, horticulture, air transport of manure) | Ch4: Exemptions from GST |
| Q3(b) | 5 | Value of supply – Head Office to Branch Office services (employee cost inclusion) | Ch6: Value of Supply |
| Q3(c) | 5 | Customs (Finalization of Provisional Assessment) Regulations, 2025 | Module 4: Customs – Valuation/Assessment |
| Q4(a) | 5 | Maximum refund of accumulated ITC on export under LUT/Bond | Ch15: Refunds |
| Q4(b) | 5 | Tax invoice, bill of supply, payment voucher – compliance questions | Ch9: Tax Invoice, Credit and Debit Notes |
| Q4(c) | 4 | Customs – Import Report, entry inwards, stores, deferred payment due date | Module 4: Customs – Importation, Exportation and Transportation of Goods |
| Q5(a) | 5 | Utilization of electronic credit ledger – payment order for various liabilities | Ch11: Payment of Tax |
| Q5(b) | 5 | Compounding of offence u/s 138 – rejection of request | Ch21: Offences And Penalties |
| Q5(c) | 4 | Customs – refund u/s 26A for defective/non-conforming goods | Module 4: Customs – Refund |
| Q6(a) | 4 | Records to be maintained by an agent (CGST Rules) / exceptions to unjust enrichment | Ch10: Accounts and Records; E-way Bill / Ch15: Refunds |
| Q6(b) | 5 | Confidentiality of information u/s 158 – exceptions | Ch24: Miscellaneous Provisions |
| Q6(c) | 5 | Quality Control Orders exemption for Advance Authorization imports | Ch8: Foreign Trade Policy (Customs) |
Paper 6 · Integrated Business Solutions ▾
SET 1 (Full Test 1) – Case Study I ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1.1-1.5 | 10 | MSME interest disallowance; NCI of subsidiary; deemed dividend; Ind AS 103 acquisition date; alternate director appointment | DT (Sec.40/2(22)) | FR (Ind AS 103/110 – NCI) | Law (Companies Act – Alternate Director) |
| Q1.6 | 5 | Business combination – acquisition date determination & ascertainment of control | FR: Ind AS 103 Business Combinations |
| Q1.7 | 4 | Loan to directors – Companies Act, 2013 prohibition & exceptions | Corporate Law: Companies Act, 2013 (Sec. 185) |
| Q1.8 | 6 | Revenue recognition on contract modification (Ind AS 115) | FR: Ind AS 115 Revenue from Contracts with Customers |
SET 1 (Full Test 1) – Case Study II ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q2.1-2.5 | 10 | FCRA registration renewal; transfer of foreign contribution; FC-4 certification; admin expense cap; Trust re-registration Form 10AB | Corporate & Allied Laws: FCRA, 2010 | DT: Charitable Trust registration (Sec. 12A) |
| Q2.6 | 5 | FCRA – matters of inquiry by Central Government at renewal of registration | Corporate & Allied Laws: FCRA, 2010 |
| Q2.7 | 6 | Audit risk assessment factors for NGO; auditor's response to suspected FCRA non-compliance | Auditing: Materiality, Risk Assessment / SA 250 |
| Q2.8 | 4 | Capital gains exemption on sale & reinvestment of trust's capital asset (Sec. 11(1A)) | DT: Assessment of Trusts and Institutions |
SET 1 (Full Test 1) – Case Study III ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q3.1-3.5 | 10 | GST ITC reversal remedy; EPF employer contribution disallowance; capital exp. debited to P&L; TDS non-compliance disallowance; waiver of creditor credited to P&L | IDT: ITC | DT: Sec.36/40(a)/PGBP |
| Q3.6 | 5 | Make-or-buy decision – in-house production vs. outsourced component procurement | Costing/AFM: Relevant Costing & Decision Making |
| Q3.7 | 5 | Customer-level profitability analysis (activity-based costing) | Costing: Customer Profitability Analysis |
| Q3.8 | 5 | Lease vs. buy decision for delivery vehicle (NPV/cost-benefit) | AFM: Capital Budgeting / Lease Financing |
SET 1 (Full Test 1) – Case Study IV ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q4.1-4.5 | 10 | Post-merger EPS; consolidation adjustments; audit opinion on uncorrected prior misstatement; interest on debentures allowability; equity valuation (EBITDA multiple) | AFM: Mergers | Auditing: SA 710 | DT: Sec.43B | AFM: Business Valuation |
| Q4.6 | 5 | Revenue recognition with retrospective volume discount (Ind AS 115) | FR: Ind AS 115 Revenue from Contracts with Customers |
| Q4.7 | 5 | Audit evidence sources for export revenue completeness assertion | Auditing: Audit Evidence (SA 500/501) |
| Q4.8 | 5 | Foreign exchange exposure – expected loss without hedge vs. forward cover | AFM: Foreign Exchange Exposure and Risk Management |
SET 1 (Full Test 1) – Case Study V ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q5.1-5.5 | 10 | GST on forex conversion; TDS Form 3CD reporting (Sec.94B); Audit Committee reconstitution; woman director vacancy timeline; customs valuation of identical goods | IDT: Value of Supply | DT: Tax Audit | Corporate Law: SEBI LODR | Customs Valuation |
| Q5.6 | 6 | GST applicability on director's remuneration/sitting fees | IDT: Charge of GST (RCM on director services) |
| Q5.7 | 5 | Share-based payment – replacement awards in a business combination (Ind AS 102) | FR: Ind AS 102 Share-based Payment |
| Q5.8 | 4 | Thin capitalisation – interest disallowance u/s 94B | DT: Base Erosion (Sec. 94B) / International Taxation |
SET 2 (Full Test 2) – Case Study I ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q1.1-1.5 | 10 | Loan classification (current/non-current) with covenant breach; push/pull supply chain model; franchise model rationale; ITC apportionment for exempt/taxable supply | FR: Ind AS 1 (Liability classification) | Costing/SCM: Supply Chain Models | IDT: ITC Apportionment (Rule 42) |
| Q1.6 | 5 | Customs valuation of imported CT scan machine (assessable value, duty & tax payable) | Customs: Valuation under the Customs Act, 1962 |
| Q1.7 | 5 | Forward cover vs. Money market cover vs. Currency option for import payable | AFM: Foreign Exchange Exposure and Risk Management |
| Q1.8 | 5 | Customer lifetime value computation (subscription-based loyalty plan) | Costing/Strategic Management: Customer Lifetime Value |
SET 2 (Full Test 2) – Case Study II ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q2.1-2.5 | 10 | Segment reporting disclosure adequacy (Ind AS 108); DDM share valuation; capital gains on demerger; LRS remittance restriction on relative's insurance; ransomware cyber-attack response | FR: Ind AS 108 | AFM: Security Valuation | DT: Capital Gains (Demerger) | FEMA: LRS | Auditing: Digital Auditing (Cyber risk) |
| Q2.6 | 5 | ITC eligibility computation across multiple inward supplies | IDT: Input Tax Credit |
| Q2.7 | 5 | Auditor's report content for consolidated financial statements (component auditors) | Auditing: Group Audits (SA 600) / Reporting |
| Q2.8 | 5 | Capital gains on sale of agricultural land & taxability of buyback proceeds | DT: Capital Gains |
SET 2 (Full Test 2) – Case Study III ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q3.1-3.5 | 10 | Place/value of supply for related-party service (brother); GST on mixed supply gift basket; private tutorship & professional misconduct (Regn. 190A); subscription business model; validity of survey/impounding u/s 133A | IDT: Value/Place of Supply, Mixed Supply | Professional Ethics: CA Regulations | Strategic Mgmt: Business Models | DT: Survey (Sec.133A) |
| Q3.6 | 5 | Project appraisal under risk (NPV/SD/CV) and inflationary conditions | AFM: Advanced Capital Budgeting Decisions |
| Q3.7 | 5 | Ind AS 19 – short-term/long-term employee benefits (sick leave, post-employment medical plan) | FR: Ind AS 19 Employee Benefits |
| Q3.8 | 5 | Overall Equipment Effectiveness (OEE) computation for automated machine | Costing: Operational/Manufacturing Efficiency Metrics |
SET 2 (Full Test 2) – Case Study IV ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q4.1-4.5 | 10 | Customs – cost of insurance (CIF) computation; additional comparative FS presentation (Ind AS 1); XBRL applicability; Porter's Five Forces (competitive rivalry) | Customs: Valuation | FR: Ind AS 1 Presentation | Strategic Management: Competitive Analysis |
| Q4.6 | 5 | Auditor's ability to amend/reissue audit report before AGM (subsequent events) | Auditing: SA 560 Subsequent Events / Completion and Review |
| Q4.7 | 5 | External market dynamics (Porter's Five Forces) impact on strategic positioning | Strategic Management: Industry & Competitive Analysis |
| Q4.8 | 5 | Allowability of upfront discounted interest on debentures (deferred expenditure vs. tax claim) | DT: Profits and Gains of Business or Profession |
SET 2 (Full Test 2) – Case Study V ▾
| Q.No | Marks | Topic | Chapter Reference |
|---|---|---|---|
| Q5.1-5.5 | 10 | TCS on LRS remittance for education; capital gains on land sale; UDIN requirement; CSR-2 filing; reporting predecessor auditor's resignation (CARO) | DT: TCS (Sec.206C) | Capital Gains | Professional Ethics: UDIN | Corporate Law: CSR | Auditing: CARO 2020 |
| Q5.6 | 5 | Emphasis of Matter paragraph – circumstances for inclusion in audit report | Auditing: Reporting (SA 706) |
| Q5.7 | 5 | Liberalised Remittance Scheme (LRS) – comprehensive note | FEMA: Liberalised Remittance Scheme |
| Q5.8 | 5 | Incremental (relevant) cost for special order pricing decision | Costing/AFM: Relevant Costing & Pricing Decisions |
✅ Note
CA Intermediate combines the Full Syllabus Test log with the Test 1-4 chapter-wise log for each subject. CA Final’s Integrated Business Solutions (Paper 6) case studies are cross-disciplinary, so questions there are tagged by subject area rather than a single chapter.
CA Intermediate combines the Full Syllabus Test log with the Test 1-4 chapter-wise log for each subject. CA Final’s Integrated Business Solutions (Paper 6) case studies are cross-disciplinary, so questions there are tagged by subject area rather than a single chapter.