...Venue for PPT and Orientation Programme for the Campus Placement Programme, August-September, 2011 | | |Centre |Office Contact Details |Orientation Programme |PPT Programme | | | |Venue and Time Detail |Venue and Time Detail | |New Delhi |The Institute of Chartered Accountants of |Venue: |Venue: | | |India |Vigyan Bhawan |NCUI Auditorium | | |'ICAI BHAWAN', Indraprastha Marg |Maulana Azad Road |3 Siri Institutional Area, August Kranti Marg | | |NEW DELHI -110002 |New Delhi-110003 |August Kranti Marg | | |Tel - +91(11)30110548/450/ 491 | |Delhi 110001 | | |Fax - +91(11)30110583 |Date & Reporting Time: | | | |Email : placements@icai.org ...
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...1/3 The Institute of Chartered Accountants of India INTERMEDIATE (INTEGRATED PROFESSIONAL COMPETENCE) EXAMINATION / ACCOUNTING TECHNICIAN EXAMINATION - MAY 2014 CANDIDATE DETAILS Name of Candidate : SWEETY AGARWAL DOB: 23/08/1994 Registration No : ERO0183077 Applied Date: 23/02/2014 Medium Opted : English Gender : Female E Mail : radhasurana8@gmail.com Control No: 4285300 Landline No: - Exam Applied : Intermediate (IPCE) Both Groups Examination Centre : Kolkata III Center Code: 309 Mobile No : 9230422289 Father's Name: ANIL AGARWAL Registration date of Intermediate(IPCC)/ATC/Inter/PEE-II/PCC: 20/07/2012 PIN :1994 Differently Abled :No Revalidation Date: - ENTRANCE/ FOUNDATION/ PEE-I/ CPT PASSING PARTICULARS Exam Passed CPT MONTH & YEAR 06, 2012 Roll No. 178973 PARTIAL INTERMEDIATE/ PEE-II/ PCE/ IPCE EXAMINATION PASSING DETAILS Exam Passed MONTH & YEAR Roll No. EXEMPTION DETAILS OF EXEMPTION SECURED IN ERSTWHILE PCE Month & Year Roll No P1 P2 P3 P4 P5 P6 EXEMPTION DETAILS OF EXEMPTION SECURED IN IPCE/ATE Month & Year PAYMENT DETAILS Total Amount: 1600 INR Transaction Date: 23/02/2014 Bank Transaction No: EFI_ERO0183077_1180823904 Roll No. P1 P2 P3 P4 P5 P6 P7 2/3 The Institute of Chartered Accountants of India INTERMEDIATE (INTEGRATED PROFESSIONAL COMPETENCE) EXAMINATION / ACCOUNTING TECHNICIAN EXAMINATION - MAY 2014 Registration No : ERO0183077 Control No: 4285300 DECLARATION BY THE STUDENT 1. I SWEETY AGARWAL son/daughter of ANIL AGARWAL...
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...of production. Break-even Chart A mathematical or graphical representation, showing approximate profit or loss of an enterprise at different levels of activity within a limited range. Break-even Point This is the level of activity there is neither a profit nor a loss. Cash Break-even Point It is the level of activity where there is neither a cash profit nor a cash loss. Cost Break-even Point It is the level of activity where the total cost under two alternatives are the same. It is also known as Cost indifference point. Profit Chart It is a diagram showing the expected relationship between costs, revenue at various volumes with profit being the residual. Volume © The Institute of Chartered Accountants of India Marginal Costing 12.2 Volume or P/V It...
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...2 Materials BASIC CONCEPTS AND FORMULAE 1. Maximum Level: It indicates the maximum figure of inventory quantity held in stock at any time. 2. Minimum Level: It indicates the lowest figure of inventory balance, which must be maintained in hand at all times, so that there is no stoppage of production due to non-availability of inventory. 3. Re-order level: This level lies between minimum and the maximum levels in such a way that before the material ordered is received into the stores, there is sufficient quantity on hand to cover both normal and abnormal consumption situations. 4. Danger level: It is the level at which normal issues of the raw material inventory are stopped and emergency issues are only made. 5. ABC Analysis: It is a system of inventory control. It exercises discriminating control over different items of stores classified on the basis of the investment involved. Items are classified into the following categories: A Category: Quantity less than 10 % but value more than 70 % B Category; Quantity less than 20 % but value about 20 % C Category: Quantity about 70 % but value less than 10% 6. Two bin system: Under this system each bin is divided into two parts - one, smaller part, should stock the quantity equal to the minimum stock or even the re-ordering level, and the other to keep the remaining quantity. Issues are made out of the larger part; but as soon as it becomes necessary to use quantity out of the smaller part...
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...BIO DATA – C A P.G. SUBRAMANIAN- FCA- Membership No. 017575 Fellow member of the Institute of Chartered Accountants of India with over thirty five years of experience at senior level across Industry Verticals covering Manufacturing, Service Sector and hospitality. Having been a person with a flair and interest in knowing and involving myself in all areas of business helped me in handling various portfolios with ease. This trait helped me in my career and all round development as a person such that at later stages I was handling areas which required me to participate as a Core Team Member involved in critical decision making. The following paragraph gives briefly the areas handled by me during my career. INDUSTRY EXPERIENCE: Has over thirty five years experience in the areas of – ➢ Finance including Treasury and Banking Operations including Project Finance ➢ Accounts Including finalization of Accounts, Audit including internal Audit. ➢ Systems & Procedures, Manuals, stock controls, etc., ➢ Cash & debtors and collection management. ➢ Payables management. ➢ Insurance matters. ➢ Direct taxation including Tax Audit, Assessments up to appeal level. ➢ Indirect taxation including excise and sales tax matters. ➢ Human Resources and Administration matters. ➢ Experience of implementing SAP successfully in two organizations. ➢ Legal and secretarial matters including drafting of Board and AGM minutes ➢ Experience of over...
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... Invitation for Expression of Interest by Chartered Accountants UGC-DAE Consortium for Scientific Research, Indore (UGC-DAE CSR) is an autonomous institution established by the UGC, New Delhi under Section 12 (ccc) of the University Grants Commission Act 1956 and registered as Society under M P Registrikaran Adhiniyam 1973 with headquarters at Indore and Centres at Indore, Mumbai and Kolkata. The UGC-DAE CSR coordinates research from scientists / teachers from all Indian Universities on major facilities like Dhruva reactor, Variable Energy Cyclotron, INDUS-I etc. established by the Department of Atomic Energy. In addition, the Centres are also having many advanced research facilities. UGC-DAE CSR is fully funded by University Grants Commission (UGC). Other institutions also sanction specific and temporary scientific research projects from time to time. Financial transactions and Auditing of financial accounts, Statement of Accounts and Certificate of Utilization of Grants are governed by Memorandum of Association & Rules, Bye-Laws & Service Conditions, General Financial Rules of Govt. of India, Orders of UGC and orders issued thereunder from time to time. UGC-DAE CSR’s expenses was Rs.2,951 lakhs for year 2011-12 and sanctioned strength was of 137 employees as on 31-March-2012. All the Centres of the UGC-DAE CSR maintain financial accounts for the concerned Centre separately, which are audited by the Chartered Accountants of the UGC-DAE CSR and are consolidated in...
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...2 Accounting Standards Learning objectives After studying this chapter, you will be able to: ♦ ♦ 1. Understand the provisions of the Accounting Standards specified in the syllabus. Solve the practical problems based on application of Accounting Standards. Introduction Accounting Standards (ASs) are written policy documents issued by expert accounting body or by government or other regulatory body covering the aspects of recognition, measurement, presentation and disclosure of accounting transactions in the financial statements. The accounting standards aim at improving the quality of financial reporting by promoting comparability, consistency and transparency, in the interests of users of financial statements. Good financial reporting not only promotes healthy financial markets, it also helps to reduce the cost of capital because investors can have faith in financial reports and consequently perceive lesser risks. You must have already studied the concept, objectives, benefits and limitations, applicability and compliance of Accounting Standards, in detail, in Chapter 1 of “Accounting” Intermediate (IPC) Course Study Material – Group I. We shall discuss the Accounting Standards (specified in the syllabus) in this chapter taking individual standard in detail. 2. Overview 2.1 AS 4: Contingencies and Events Occurring After the Balance Sheet Date Accounting Standard 4 ‘Contingencies∗ and Events Occurring after the Balance Sheet Date’ covers accounting treatment of ∗ Pursuant...
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...CASE STUDY REVIEW: A TALE OF TWO COUNTRIES By David Njeru Nyaga A paper presented to School of Business and Economics of University Nairobi Kenya In partial fulfillment of the requirement of the course MGT610 : Cross Cultural Management and Global Perspective 29/10/2014 Outline of paper. The case study of `The tale of the two cities` has been carried out in four sections. The first section discusses the aspect of culture in general from which the latter sections will be referring to. The second, third and fourth sections address the questions raised for the case study. It will be noted that the first and second sections carry the bulk of the paper as the remaining sections will be referencing to the first two. Section 1 "Culture is the collective programming of the mind that distinguishes the members of one group or category of people from others ". (Hofsteed, 2011) It is always a collective phenomenon that can be connected to different collectives with each collective having a variety of individuals. If characteristics of individuals are imagined as varying according to some bell curve; the variation between cultures is the shift of the bell curve when one moves from one society to the other. The collective programming is an interesting term because as one belongs to the society, they are groomed and made to understand, consciously and unconsciously that what they are seeing and being taught is how issues in life need to be handled. It is only upon interacting...
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...International Business Research Vol. 2, No. 2 Harmonization of Accounting Standards through Internationalization Nikhil Chandra Shil, ACMA (Corresponding Author) Department of Business Administration East West University 43, Mohakhali C/A, Dhaka – 1212, Bangladesh Tel: 9887989(Off.) ext 253, 01819289589 (M) E-mail: nikhilacc@yahoo.com Dr. Bhagaban Das P.G. Department of Business Management, Fakir Mohan University P. O.: Balasore, Pin.: 756019, Orissa, India E-mail: bhagaban_fm@yahoo.com Alok Kumar Pramanik Department of Commerce, Bhatter College P. O.: Dantan, Pin. : 721426, Paschim Medinipur, West Bengal, India E-mail: alokdantan@sify.com Abstract The journey to have a common set of accounting standards started long before to give it a professional shape and essence. And accountants all over the world feel the necessity to shorten the gap among different streams of accounting practices through harmonization. Still, we have a couple of strong variants of accounting practices (say, for example, US GAAP, UK GAAP, IAS etc.) over the world existed and practiced simultaneously. These variants are working as threats towards harmonization of accounting practices. However, the profession has also witnessed some improvements in recent years in the process of global convergence putting some ray of hope. International and even local standard setting bodies have come up with projects of harmonization and in most of the cases became successful. The day is not far away when we will observe...
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...Final Course Frequently Asked Questions (FAQs) -------------------------------------------------------------------------------------------------------------------------- 1. When student is admitted for CA Final Course? Student after passing Intermediate/ Professional Education (Examination-II)/ Professional Competence Examination/ Integrated Professional Competence Examination (IPCE)/ Intermediate (IPC) Examination in its entirety can enroll for CA Final Course. Students, who pass IPCE / Intermediate (IPC) Examination in its entirety, are required to register for Final course immediately and start preparation for Final Examination. 2. What is the Final Course registration fee payable by students who passes Integrated Professional Competence Examination (IPCE)/ Intermediate (IPC) Examination? Student who has passed Integrated Professional Competence Examination (IPCE)/ Intermediate (IPC) Examination are required to pay the following fee while registering for Final Course: Admission to Final Course Registration Fee (INR) Registration Fee (US$) After passing IPCE/ Intermediate (IPC) Examination Rs. 10,000/- + Rs. 2,000 towards Article Registration Fee, if not paid earlier 750 + 50 towards Article Registration fee, if not paid earlier 3. What are the eligibility criteria for different scheme to appear in the Final Examination? Eligibility criteria for appearing in the Final examination are given below: Sl. No. Category of Students Eligibility Criteria to...
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...CORPORATE WORLD Clause 49 of Listing Agreement on Corporate Governance —Dilip Kumar Sen SEBI has revised Clause 49 of the Listing Agreement pertaining to corporate governance vide circular dated October 29, 2004, which supersedes all other earlier circulars issued by SEBI on this subject. The article highlights important changes in the corporate governance norms. C lause 49 of the Listing Agreement, which deals with Corporate Governance norms that a listed entity should follow, was first introduced in the financial year 2000-01 based on recommendations of Kumar Mangalam Birla committee. After these recommendations were in place for about two years, SEBI, in order to evaluate the adequacy of the existing practices and to further improve the existing practices set up a committee under the Chairmanship of Mr Narayana Murthy during 2002-03. The Murthy committee, after holding three meetings, had submitted the draft recommendations on corporate governance norms. After deliberations, SEBI accepted the recommendations in August 2003 and asked the Stock Exchanges to revise Clause 49 of the Listing recommendations and the same was put up on SEBI website on 15th December 2003 for public comments. It was only on 29th October 2004 that SEBI finally announced revised Clause 49, which will have to be implemented by the end of financial year 2004-05. These revised recommendations have also considerably diluted the original Murthy Committee recommendations. Areas where major changes...
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...CORPORATE WORLD Clause 49 of Listing Agreement on Corporate Governance —Dilip Kumar Sen SEBI has revised Clause 49 of the Listing Agreement pertaining to corporate governance vide circular dated October 29, 2004, which supersedes all other earlier circulars issued by SEBI on this subject. The article highlights important changes in the corporate governance norms. C lause 49 of the Listing Agreement, which deals with Corporate Governance norms that a listed entity should follow, was first introduced in the financial year 2000-01 based on recommendations of Kumar Mangalam Birla committee. After these recommendations were in place for about two years, SEBI, in order to evaluate the adequacy of the existing practices and to further improve the existing practices set up a committee under the Chairmanship of Mr Narayana Murthy during 2002-03. The Murthy committee, after holding three meetings, had submitted the draft recommendations on corporate governance norms. After deliberations, SEBI accepted the recommendations in August 2003 and asked the Stock Exchanges to revise Clause 49 of the Listing recommendations and the same was put up on SEBI website on 15th December 2003 for public comments. It was only on 29th October 2004 that SEBI finally announced revised Clause 49, which will have to be implemented by the end of financial year 2004-05. These revised recommendations have also considerably diluted the original Murthy Committee recommendations. Areas where major changes...
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...reports are sent to auditors and then checked. If the company runs a number of entities, then it forms financial statements that applicable to the group of entities under the control of the parent entity. This kind of a financial statement is known as consolidated financial statements. The principles and procedures for preparing and presenting such financial statements are different from that of a single company’s financial statement. Problems and Issues in Financial Statements There are several common issues related to financial statements that necessitate the need for an audit report. In a receipts and payments statement, a common issue seen is that of loan transaction omissions. These transactions are supposed to be included, but many accountants use the balance sheet and income and expenditure account to prepare the receipts and payment account, which omit such transactions. Audited financial statements are considered by many to be unnecessary, but the truth is that it can have the rubber stamp of an auditor is the ultimate certificate of respectability in finances....
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...Submission of Research paper as a part of curricular activity. Forensic Accounting: A new dynamic approach to investigate fraud. SUBMITTED BY: Aniket Desai (12BBL016) Alakananda Duggirala (12BBL016) Rut Shah (12BBL051) SUBMITTED TO: Dr. Pranav Saraswat For the academic session July to December 2014 1 PREFACE This research project is carried out as a part of curricular activity for the course of Financial Audit, in semester V for the programme B.com LLB (Hons.). We have tried our best to do justice with the project and put it in black and white the research we've done in the last three months. Regards, Aniket Desai Alakananda Duggirala Rut Shah Date: 2th November, 2014 _______________________________ Signature of the researchers. 2 ACKNOWLEDGEMENT We owe a debt of gratitude to Dr (Mr.) Pranav Saraswat, the faculty for the course of Financial Audit, for his constant guidance and support which helped us to conceive this research project. It is also my duty to record my thankfulness to Dr. Atul Bhatt, the librarian of the Institute of law, Nirma University for keeping handy useful resources which helped me collect information and datas which was very important for my doctrinal research work. Finally, I would like to take this opportunity to thank my friends and colleagues for the support whenever required. Regards, Aniket Desai Alakananda Duggirala Rut Shah 3 DECLARATION We hereby declare that this piece of written work...
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...branch office of the co. 229 Signature of audit report 230 Reading and inspection of auditor’s report 231 Right of auditor to attend general meeting 232 Penalty for non compliance with s.225 to 231 233 Penalty for non compliance by auditor with s.227 to 229 233A Power of Central govt. to direct special audit in certain cases 233B Audit of Cost accounts in certain cases Who is eligible to act as auditor of a Company ?? Chartered Accountant Sec 226(1) of Companies Act. Holder of Certificate under part ‘B’ States Act, 1956 Sec 226(2) of Companies Act. Sole Proprietorship Concern a) Member of ICAI b) Holding Certificate of Practice c) Should practice in India Partnership Firm a) All Partners are members of ICAI b) Holding Certificate of practice c) practising in India Disqualification - sec 226(3) * Body Corporate * Employee / officer of the company * Partner/employee of such employee/officer of the company * Any debt due more than Rs. 1000 or security given in favour of a Chartered Accountant for more than Rs. 1000 * Holding shares having voting power. * Disqualified by subsidiary company, then disqualified by holding company also and vice versa Appointing Authority BOD Central Govt. Comptroller & Auditor General Share holders First Auditor Casual vacancy Other than resignation Casual vacancy Due to Resignation In case both Shareholders and BOD fail to Appoint the auditor Appointment at Annual General...
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