The Board of Studies (BoS) of the Institute of Chartered Accountant of India (ICAI) has now assigned weightage of marks to various sections of a subject. This facility would help students to plan their studies in a structured manner for the coming ICAI examinations.
Accordingly, each subject has been divided into various topics and topics have been grouped into sections and weightage range has been assigned to these sections. The question paper would take into consideration the weightage range assigned to different sections.
Following are the detail section wise weightage of marks assigned to the Paper-1 Financial Reporting of CA Final course examination to be held in May 2018 under New Scheme of Education and Training.
Section wise Weightage of Marks for Paper 1
Final Course Paper 1: Financial Reporting (100 Marks)
Section I (10 Marks to 15 Marks)
- Application of Existing Accounting Standards 15, 21, 23, 25, 27 and 28. (The students will also be required to apply other Accounting Standards if applicable in any of the questions).
- Application of Guidance Notes issued by ICAI on specified accounting aspects.
- Framework for Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards (Ind AS).
Section II (30 Marks to 40 Marks)
- Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements
- Consolidated and Separate Financial Statements (as per Ind AS)
- Application of Industry specific and Transaction Specific Indian Accounting Standards (other than Business Combination, Financial Instruments and Share Based Payment)
Section III (10 Marks to 15 Marks)
- Business Combinations and Accounting for Corporate Restructuring (including demerger) (as per Ind AS)
Section IV (10 Marks to 15 Marks)
- Accounting and Reporting of Financial Instruments (as per Ind AS)
- Accounting for Share Based Payment (as per Ind AS)
Section V (5 Marks to 15 Marks)
- Analysis of Financial Statements
Common defects in financial statements of corporate entities
Section VI (5 Marks to 10 Marks)
- Accounting for Carbon Credits
- Accounting for E-commerce Business
Section VII (5 Marks to 15 Marks)
- Emerging trends in Accounting
(i) Integrated Reporting
(ii) Corporate Social Responsibility Reporting
(iii) Human Resource Reporting
(iv) Value Added Statement