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-5 Advanced Accounting of CA Intermediate course examination to be held in May 2018 under New Scheme of Education and Training.
Section wise Weightage of Marks for Paper 5
Intermediate Course Paper 5: Advanced Accounting (100 Marks)
Section I (20 Marks to 25 Marks)
- Application of Accounting Standards:
AS 7: Construction Contracts
AS 9: Revenue Recognition
AS 14: Accounting for Amalgamations
AS 18: Related Party Disclosures
AS 19: Leases
AS 20: Earnings Per Share
AS 24: Discontinuing Operations
AS 26: Intangible Assets
AS 29: Provisions, Contingent Liabilities and Contingent Assets.
- Application of Guidance Notes issued by the ICAI on specified accounting aspects.
Section II (35 Marks to 40 Marks)
- Special Aspects of Company Accounts:
(i) Accounting for employee stock option plans;
(ii) Buy back of securities;
(iii) Equity shares with differential rights;
(iv) Underwriting of shares and debentures.
- Reorganization and Liquidation of Companies:
(i) Accounting for amalgamation (excluding inter-company holding) and reconstruction;
(ii) Accounting involved in liquidation of companies.
Section III (15 Marks to 20 Marks)
- Financial Reporting of Banking, Financial Services and Insurance (BFSI)
(i) Insurance companies;
(ii) Banking companies;
(iii) Non-Banking Financial Companies;
(iv) Mutual funds and regulatory requirements thereof.
Section IV (20 Marks to 25 Marks)
- Valuation of goodwill
- Consolidated Financial Statements
Concept of consolidation and simple problems on Consolidated Financial Statements with single subsidiary (excluding problems involving acquisition of Interest in Subsidiary at Different Dates; Different Reporting Dates of Holding and Subsidiary; Disposal of a Subsidiary and Foreign Subsidiaries)