Proposed Changes in CA course of ICAI

ICAI has released the draft of the New Course and has added new subjects in the CA Curriculum. Brief Highlights of the same are as follows:-

Changes in CA Foundation

Name changed from CPT to CA FoundationDuration increased to 9 months

Changes in CA Intermediate

Cost Accounting and Financial Management to be 2 different subjectsDuration of Intermediate Course increased from 9 months to 12 monthsSubject Removed:- Information Technology and Strategic Management

Changes in CA Final

New subject introduced: Capital Markets and Financial ServicesSubject Removed: Information System and Control AuditEligibility to appear for CA Final only after completion of full period of Articleship.

CA Final Nov 2014 Results and News

Important Announcements made by CA K. Raghu, President ICAI at National Convention for CA Students held at Mumbai

CA Final Result date- 19 Jan
IPCC result Date- Feb 1st week

 ISCA paper to be dropped from CA final syllabus and council is planning to add subjects related to IFRS and Transfer Pricing.

Official confirmation regarding above mentioned announcements is awaited.

CA IPCC May 2014 Exam Rsesults on 21st August 2014

13th August, 2014
IMPORTANT ANNOUNCEMENT
 
The result of the Chartered Accountants Intermediate (IPC) Examination held in May/June, 2014 are likely to be declared on Thursday, the 21st August, 2014 around 4.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank on all India basis will be available on the following website:
http://www.caresults.nic.in
Arrangements have also been made for the candidates desirous of having results on their e-mail addresses to pre-register their requests at the above website, i.e.,
http://www.caresults.nic.in from 14th August, 2014. All those registering their requests will be provided their results through e-mail on the e-mail addresses registered as above immediately after the declaration of the result.
 
In addition to above, it may be noted that for accessing the result at the
above website i.e. http://www.caresults.nic.in the candidate shall have to enter
his registration no. and/or PIN no. alongwith his roll number.
 
Further facilities have been made for candidates of Intermediate (IPC) Examination
held in May/June, 2014 desirous of knowing their results with marks on SMS. The service will be available through India Times.
For getting results through SMS candidates should type:
(i) for Intermediate (IPC) Examination result the following
CAINTER(Space)XXXXXX (where XXXXXX is the six digit Intermediate (IPC)
Examination roll number of the candidate)
e.g. CAINTER 002971 and send the message to 58888 - for all mobile services - India Times

(G. SOMASEKHAR)
ADDITIONAL SECRETARY (EXAMS.)

Simple Memory Techniques for students to remember Sections

Memory Technique to Remember section Number

Our brain cannot remember useless and meaningless stuffs. (Normal human brains).

Hence, the technique of converting numbers into meaningful words is important to learn.

Step 1: Lets assign letters to all the numbers from 0 to 9

Number	Letters Assigned	Reasons of assigning the Letter
1	S, D	Maximum spelling starts with S and D and maximum number of sections will have 1 used in the section number
2	N, V	These letters are made of two pointers pointing down or up
3	M, W	These letters are made of three pointers pointing down or up
4	R	Spelling of 4 consist of R in it
5	L	Roman letter for the number 50
6	C, J	C is somewhat similar in shape with 6, J is sort of mirror image of C
7	F, T	Similarity of shapes
8	B, G	Similarity of shapes . G is small letters looks like g (8)
9	P, q	Similarity of shapes. P is mirror image of 9 and q looks like 9
0	Z, X	Spelling Zero and Roman ten (X)

Step 2: Convert a number into words by using above letters and filling up any of vowels (a, e, i, o, u, y, h). H and Y are used as joiners because many spellings become complete by using them. Hence they are not assigned to any digit in the above table.

Step 3: Connection between the section and the word created out of section number. Please remember to form a funny association and make the connection as weird as possible. Wherever possible, create a picture of your own imagination.

Now take some examples of using the above technique.

Ex. No.	Section Number and Matter involved	Creation of Word	Connection of Word and the Matter under consideration	How to Get what you Want in Exams.
1.	Section 185 of Companies act 2013 pertains to Provisions relating to Loans to directors.	1 = D, S 8 = B, G 5 = L	The word double has to be connected with the matter of the section, i.e. Loans to Directors. A simple association can be said as “When you give loan to director, it will result in DouBLe penalty”	The moment you come across the phrase Loan to Directors under Companies Act, 2013, you will remember the word ‘Double’, the word when reconverted into digits gives you 185. You will write, as per section 185.
2.	Section 73 of Companies Act, 2013 – Acceptance of Deposits	7 = F, T          3 = M, W	I could think of FM. Connection – Acceptance of Deposit by company they are giving advertisement in radio mirchi (which is FM Radio)	The connection between deposit, radio mirchi, FM will remind you of reverse of FM i.e. 7, 3 = 73. Section 73.
3.	Annual General Meeting Section 96	9 = P, Q 6 = C, J	I could think of the word PJ, you will create a picture of annual general meeting where people are cracking PJs (PJ is popular short form of Poor Jokes). People are laughing loudly.	The connection of AGM and PJ is set. Now, when you think of AGM, you will remember the scene and you will remember PJ. You know what P and J stands for. 9 and 6. Section 96
4.	Register of Members Section 88	8 = B, G 88 = BB or GG or BG or GB	What I could think of is as follows. In register of member, company has entered names of their BBs also. (BB = Wife)	The funny association of register of members, their names and their BB name connects u to the number 88.

While preparing the words out of sections, please make sure that as far as possible, make a word which can be pictured. Mind remembers in pictures. That’s why you remember movies easily, while you forget the economic theories.

In example no. 1 above, I gave very simple connection of giving the loans resulting in double penalty. But, the moment you start imagining in weird pictures, you are likely to remember easily. For example, if I would have said that if you give loan to Director or his related party, Shareholder comes and Slaps you on both of your cheeks. (DOUBLE SLAP). In this example, likeliness of remembering is more. Whenever you see cow on the streets, you don’t notice or don’t remember, but if some day you see a PINK color cow, you will remember the whole day or probably whole life that you had seen a PINK cow. Same is the case with the brain, it remembers the extra ordinary matter easily. 

CA Rajesh Pabari

919022780919

carajeshpabari@gmail.com

Hosting of exemption(s) in a paper granted in Intermediate and Final examinations, valid for May 2014. - (05-05-2014)

3rd May 2014

Re: Hosting of exemption(s) in a paper granted in Intermediate and Final examinations, valid for May 2014. Exemption(s) in a paper(s) are granted to candidates of Intermediate and Final examinations, in terms of Regulation 37C(8) and Regulation 38C(6), respectively, of the Chartered Accountants Regulations 1988. The rules in this regard are provided in the Guidance Notes made available to the candidates along with the examination forms and hosted on http://icaiexam.icai.org. The related FAQs are also hosted on www.icai.org. However, in spite of the information already made available, it is seen that some of the candidates carry a mistaken notion that they enjoy an exemption in a paper(s) whereas in reality they do not and end up absenting themselves in the said paper, resulting in avoidable hardships. To avoid this kind of situation, exemption(s) granted in a paper(s) which are valid for May 2014 examination are hosted on http://exemptions.icaiexam.icai.org, so that candidates can check their exemption status before the exams and take necessary action. Date of hosting the exemption data : 5th May 2014 Last date for emailing discrepancy, if any : 15th May 2014 Hence, candidates are advised to check the details more particularly, the month and year of exam and roll number indicated on the said site, with those contained on the relevant Statement of marks issued to them. Exemptions granted in a paper(s) are indicated by way of “#” against the marks awarded thereon and the Result of the relevant Group is indicated as “F-EX”, in the Statement of Marks. In case of discrepancy, if any, candidates are advised to write to Exam Dept. immediately, in any case not later than 15th May 2014, at the e-mail address provided herein below, enclosing scanned copy of the relevant mark sheet in which exemption was granted. Final candidates : final.exemption@icai.in Intermediate(IPC) candidates : inter.exemption@icai.in Exam Dept. will respond, within 7 days of the receipt of the e-mail. In case you do not receive any response within 7 days, write to: Final candidates : final2@icai.in Intermediate(IPC) candidates : inter7@icai.in

Examination Department

Important Announcement of change of Examination Centre in Siliguri (West Bengal) - (13-05-2014)

No. 13-CA (EXAM)/M/2014/Siliguri May 13, 2014

Chartered Accountants Intermediate, Final & IRM Examination – May / June, 2014 Subject: Change of Examination Centre in Siliguri (West Bengal)

Due to unavoidable circumstances, the captioned examinations will not be conducted in the Siliguri Hindi High School (H.S), Near Jalpai More, S. F. Road, Siliguri (West Bengal). The said examinations will now be held in Hindi Balika Vidyapith, S. P. Mukherjee Road, Khalpara, Siliguri – 734005 (West Bengal). Accordingly, all the candidates allocated to the examination centre initially in Siliguri Hindi High School (H.S), Near Jalpai More, S. F. Road, Siliguri (West Bengal) have been re-allocated to Hindi Balika Vidyapith, S. P. Mukherjee Road, Khalpara, Siliguri – 734005 (West Bengal). Candidates appearing in the captioned examinations from Siliguri may note that the Intermediate (IPC), Final and IRM Examination, May / June 2014 will now be held in the Hindi Balika Vidyapith, S. P. Mukherjee Road, Khalpara, Siliguri – 734005 (West Bengal) and not in the Siliguri Hindi High School (H.S), Near Jalpai More, S. F. Road, Siliguri (West Bengal) The admit cards already issued shall remain valid. All other details also remain unchanged.

(V. Sagar) Joint Secretary (Exams)

Admit Cards for May 2014 Exams. - (04-05-2014) ICAI

02 May 2014

Admit cards in respect of all eligible candidates admitted to the Intermediate (IPC) and Final May/June 2014 examination, with their photographs and signatures on them, are hosted on www.icai.nic.in. Candidates may print their admit cards from the said website. For downloading/printing of the admit cards, candidates will have to enter the following details on the site:

• Student registration number or bar code number printed on the examination form
• Personal Identification Number (PIN)

PIN is the four digit number of the candidate’s choice entered by him/her the relevant column in the examination form.

In terms of the decision of the Examination Committee of the Institute, physical admit cards are being sent by post, only to those who submitted physical examination forms ( i.e. OMR ). The practice of sending physical admit cards by post, to those who had submitted their exam forms online, is discontinued with effect from May 2014 examination onwards.

Physical admit cards sent by post as well as those printed from the website are valid for admission to the examination.

Candidates may also visit the FAQs on subject hosted in the FAQs section of www.icai.org for more details.

For any further clarifications, write to/contact:

Final candidates: final_examhelpline@icai.in
Intermediate(IPC) candidates: intermediate_examhelpline@icai.in

Help Line Telephone numbers: 0120 3054 851, 852, 853 or 835

Fax 0120 3054 841, 843

Examination Dept.

CA IPCC NOV 13 PASS PERCENTAGE / ANALYSIS

Pass Percentage

CA IPCC NOV 2013

Both groups-  8.12% [5,038 PASSED OUT OF 62,033]

Group 1- 19.09% [23,342 passed out of 1,22,253]

Group 2- 17.88% [21,076 passed out of 1,17,834]

CA IPCC CA Final May 2014 Exam Time-table : Brace Yourselves

NOTIFICATION 15th January, 2014

No. 13-CA (EXAM)/M/2014: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Intermediate (IPC) and Final examinations will be held on the dates given below at the following places provided that sufficient number of candidates offer themselves to appear from each centre.

Similarly, Examinations in Post Qualification Courses under Regulations 204, viz.: Insurance and
Risk Management (IRM) examination (which are open to the members of the Institute) will be held on the dates given below at the above places (centres in India only) provided that sufficient number of candidates offer themselves to appear from each of the above places. 

INTERMEDIATE (IPC) EXAMINATION
[As per syllabus contained in the scheme notified by the Council under Regulation 28 E (3) of the
Chartered Accountants Regulations, 1988]

Group-I: 27th , 29th , 31st May 2014 and 2nd June 2014
Group-II: 4th, 6th and 8th June 2014(Afternoon Session: 2.00 PM to 5.00 PM) (IST)

FINAL EXAMINATION
[As per syllabus contained in the scheme notified by the Council under Regulation 31 (ii) of the
Chartered Accountants Regulations, 1988.]

Group -I: 26th , 28th , 30th May 2014 and 1st June 2014
Group -II: 3rd, 5th, 7th and 9th June 2014(Afternoon Session: 2.00 PM to 5.00 PM) (IST)

INSURANCE AND RISK MANAGEMENT (IRM) EXAMINATION
Modules I to IV 3rd, 5th, 7th and 9th June 2014
(Afternoon Session: 2.00 PM to 5.00 PM) (IST)

PLACES OF EXAMINATION CENTRES OVERSEAS:

(FOR INTERMEDIATE (IPC) AND FINAL EXAMINATIONS ONLY)
1) ABU DHABI 2) DUBAI 3) KATHMANDU 4) MUSCAT

Payment of fees for the examinations should be made by Demand Draft only. The Demand Drafts
may be of any Scheduled Bank and should be drawn in favour of The Secretary, The Institute of
Chartered Accountants of India, payable at New Delhi only.

The Council reserves the right to withdraw any centre at any stage without assigning any reason.
Applications for admission to these examinations are required to be made either online at
http://icaiexam.icai.org free of cost (i.e. ` 500/- for Intermediate (IPC) & Final candidates
for the cost of application form shall not be charged if applications are filled in online) or in
the relevant prescribed form, copies of which may be obtained from the Additional Secretary
(Examinations), The Institute of Chartered Accountants of India, ‘ICAI BHAWAN’, Indraprastha
Marg, New Delhi – 110002 on payment of ` 500/- per application form in respect of Intermediate (IPC) and Final Examination candidates. The cost of Examination application form for Insurance and Risk Management (IRM) examination is ` 100/- per application form. The form shall also be made available in the Regional and Branch Offices of the Institute and can be obtained there from on cash payment on or from 3rd February, 2014.

Applications together with the prescribed fee by Demand Draft of any Scheduled Bank may be
sent so as to reach the Additional Secretary (Examinations) at New Delhi not later than 24th February, 2014. However, applications will also be received at Delhi Office after 24th February, 2014 and upto 3rd March, 2014 with late fee of ` 500/-. Applications for the students’ examinations only duly filled in will also be received by hand delivery at the office of Institute at New Delhi and at the Decentralised Offices of the Institute at Mumbai, Chennai, Kolkata, Kanpur, Delhi, Ahmedabad, Bangalore, Hyderabad, Jaipur and Pune upto 3rd March, 2014. Candidates residing in these cities are advised to take advantage of this facility. Applications received after 3rd March, 2014 shall not be entertained under any circumstances.

However, application forms duly completed for the Post Qualification Course Examination i.e.
Insurance and Risk Management (IRM) will be received only at the New Delhi office of the Institute.
The candidates who apply online at http://icaiexam.icai.org from 3rd February, 2014 to
24th February, 2014 and remit the fee online by using either VISA or MASTER Credit/ Debit
Card shall not be charged ` 500/- in case of Intermediate (IPC) & Final examination (i.e. cost
of application form fee). They shall however, be required to remit additional ` 500/- towards
late fee in case the application online is made after 24th February, 2014 and upto 3rd March,
2014.

The fees payable for the various examinations are as under:

INTERMEDIATE (IPC)
For Both the Groups / Unit - 9 ` 1600/-
For one of the Groups / Unit 1 to 8 ` 1000/-

FINAL EXAMINATION
For Both the Groups ` 2250/-
For one of the Groups ` 1250/-

INSURANCE & RISK MANAGEMENT (IRM) EXAMINATION ` 1000/-

Candidates of Intermediate (IPC) and Final examination opting for Dubai /Abu Dhabi / Muscat are
required to remit, US$ 350 and US$ 400 respectively or their equivalent Indian Currency irrespective of whether a candidates appears in a group or in both the groups or in a unit .

Candidates of Intermediate (IPC) and Final Examinations opting for Examination Centre at
Kathmandu are required to remit Indian ` 2250/- and Indian ` 3000/- respectively or their equivalent
relevant foreign currency irrespective of whether the candidates appear in a group or in both the groups or in a unit.

OPTION TO ANSWER PAPERS IN HINDI:
Candidates of Intermediate (IPC) and Final Examinations will be allowed to opt for Hindi medium
for answering papers. Detailed information will be found printed in the Information Sheets attached to the relevant application form. However the medium of Examinations will be only English in respect of Post Qualification Course viz.: Insurance and Risk Management (IRM) Examination.