ICAI known for its professional exams, and this paper just marks that...Lengthy,
Conceptual, Beautiful adjustments, Questions never asked before , FULL OF
AS concepts...all in all a REAL CA FINAL LEVEL:
Break Up -
... 1. AS - 48 Marks Question completely on AS covering AS
3,5,7,13,16, 20, 22, 25 & 30. And thats not all one 16M Ext
Reconstruction Q with AS 11 adjustments...AS 30 Q was unique and exactly
similar to a question done in our AS 30/31/32 seminar...AS 5, 7, 16,
20, 22 were just from the question in FAST Booklet on AS. AS 13 & 25
based question was definitely novel but simple.
2. Consolidation 16M - Question with first time asked adjustment
relating to sale of subsidiary alongwith Subsidiary converting to
Associate....PRIDE TO SHARE ONLY FAST HAD COVERED SUCH CASE IN ITS CLASS
ACROSS....
3. Reconstruction - Internal 16M which was simple, External 16M which was a novel question
4. Value Added 8M & EVA 4M - Easy with a slight twist (Similar Q Covered in FAST Book for Accounts)
5. Valuation of Business 12M - AGAIN PROUD TO SAY SAME QUESTION COVERED IN FAST ACCOUNTS BOOKLET (though figures were different)
By Govind Sharma
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