Tuesday, September 1, 2009
Thursday, August 13, 2009
Get inspired from a CA.
Hi friends....
i am glad to introduce my friend who cleared his CA. after discontinuing his studies for 8 years after his schooling. and is engaged in farming for that period.
He completed his CA in 4.5 years only.
his name is O.V.Ramana (andhrapradesh).
lets congratulate him......
thank u
CA.Ramanjaneya Reddy J
Courses offered by ICAI
Courses offered by ICAI :
Certificate Courses for Members -
Certificate Course on Enterprise Risk Management
2- Certificate Course on Master in Business Finance
3 - Certificate Course on Corporate Governance
4 - Certificate Course on International Taxation
5 - Certificate Course on Forensic Accounting & Fraud Detection using IT & CAATs
6 - Certificate Course on International Financial Reporting Standards
7 - Certificate Course on Forex and Treasury Management
8 - Certificate Course on Derivatives
9 - Certificate Course on Valuation
10 - Certificate Course on Arbitration
Post Qualification Courses -
11.Information Systems Audit (ISA)
12
CPE Course on Computer Accounting and Auditing Techniques (CAAT)
13
Diploma in Insurance and Risk Management (DIRM)
14
Management Accountancy Course (MAC)/ Corporate Management Course (CMC)/ Tax Management Course (TMC)
15
International Trade Laws & World Trade Organisation (ITL & WTO)
ERP Courses on SAP FI & CO Module, Oracle 11i, Microsoft Dynamics NAV
Tuesday, July 7, 2009
Thursday, July 2, 2009
Wednesday, July 1, 2009
MICS & AUDITING
IMPORTANT AREAS IN MICS FOR NOV 2009 EXAM
Lesson 1
1. Characteristics of information
2. decomposition/subsystem principles
Lesson 2
1. Components of TPS
2. Direct Processing
Lesson 3
1. Features of a computer based MIS
2. Programmed & Non programmed decisions
3. Pre-requisites of MIS
4. Limitations of MIS
Lesson 4
1. MRP
2. Model and its advantages
3. systems approach to problem solving
Lesson 5
1. Characteristics of Information used by executives
2. DSS software tools
3. DSS examples
Lesson 6
1. Traditional computing models
2. Client/Server model
3. Server centric model
4. Characteristics of C/S
Lesson 7
1. Systems development approaches
2. data dictionary
3. Fact finding techniques
4. Costs/Benefits of CBIS
Lesson 8
1. Designing systems output
2. systems manual
3. Data communications design
4. printed output/visual display output
Lesson 9
1. Bench marking problem testing
2. program design tools
3. advantages of pre-written software
4. PDLC
Lesson 10
1. Personal training
2. Conversion activities
3. systems evaluation
Lesson 12
1. Evaluation of ERP
2. Business engineering
3. characteristics of ERP
4. ERP benefits
Lesson 13
1. OS-Security components
2. SPLMS
3. Firewalls
4. DBMS controls
Lesson 14
1. Field level interrogation
2. source document controls
3. error handling techniques
Lesson 15
1. Making fraud difficult to perpetrate
2. Disk imaging and analysis technique
3. Frauds at input
Lesson 16
1. Powers of controller
2. duties of certifying authorities
3. Powers of central government
Lesson 17
1. Concurrent audit techniques
2. Audit framework program development and acquisition
3. Program analysis
4. IS audit objectives
Lesson 18
1. Core principles of information security
2. example of information security policy statement
3. types of information protection
Lesson 19
1. Programming work bench
2. levels of integration
3. Meta –CAS
IMPORTANT AREAS IN AUDITING FOR NOV 2009 EXAM
Chapter – 4 : Company auditor
1)Functions of an auditor under companies act 1956 -page 4.19
2)Exemption of branches from audit requirements in certain situation – page 4.27
3)Gist of important circulars – one reading – page 4.34
Chapter –5 : Company audit
1)Types of registers – page 5.7
2)Personal exp of directors – page 5.9
3)Sec 205 – page 5.21
4)Transfer to reserves exceeding 10% - page 5.25
5)Definition of capital reserve, capital receipts – page 5.316)Interim dividend – page 5.37
7)Non provision of proposed dividend, non provision of tax in the accounts–page 5.41
Chapter –6 : Audit report
1)Director’s comments on qualifications – page 6.23
2)Short notes on loan outstanding, turnover
3)Important points in comments of matters to be included in reportParagraph Comments4(i)(a) 2,34(i)(b) 34(i)(c) 3,44(ii)(a) 34(ii)(b) 24(ii)(c) 24(iii)(a) 14(iii)(b) 24(iii)(c) 24(iii)(d) 1,24(iv) 3,4,54(v)(a) all4(v)(b) 2 4(vi) 2,3,4,54(vii) 2,34(viii) 34(ix)(a) 3,4,54(ix)(b) 1,24(x) 2,3,44(xii) 54(xiii) all4(xiv) 2,54(xv) 1,2,54(xvi) 2,34(xvii) 14(xviii) all4(xix) 24(xx) 24(xxi) 1,2,6
Chapter – 7 : EDP Audit
1) Short notes : batch processing , real time processing – page 7.3
2) Specific problems of EDP relating to internal control – page 7.5
3) Internal control in a computer based system – page 7.14
4) Service Bureau – page 7.26
Chapter – 8 : Investigations
1) Difference between auditing & investingation – page 8.2
2) Special issues in investigations – page 8.6
3) Types of investigations – non statutory – page 8.15
4) Financial due diligence – page 8.36
5) Contents of a due diligence report – page 8.42
Chapter – 10 : Audit of PSUPropriety audit – page 10.7
Chapter – 11 : Audit of Banks
1) Bills for collections, Bills purchased, Loans & advances, credit card operation – page 11.20
2) Money at call & short notice – page 11.23
3) Investments – page 11.25
4) Threats in recovery, erosion in the value of security – page 11.39
5) CDR – page 11.41
6) Third party guarantees – page 11.60
7) Contingent liabilities – page 11.71
8) Concurrent audit – page 11.77
Chapter – 12 : Audit of General Insurance
1) Legal framework – page 12.1
2) Part I & IV of IRDA Regulation 2002 – page 12.7
3) Auditors report – page 12.18
4) Audit procedures – page 12.21
5) Verification of claims, commission, operating exp – page12.26,12.28,12.29
6) Investments – page 12.30
7) Unexpired risk reserves & reinsurance – page 12.37
8) Co insurance , solvency margin – page 12.44
Chapter – 13 : Tax AuditTax audit u/s 44AB – page 13.4
Form 3CD – page 13.16
Chapter – 14 : Stock Exchange
1) Margins – page 14.5
2) Rolling settlement – page 14.12
3) Circuit filters & circuit breakers – page 14.14
4) Contract notes – page 14.19
Chapter – 15 : Special Aspects
1) Audit of NBFC – page 1 to 11
2) Audit of co-operatives societies – page 15.18
3) Audit of mutual fund
4) Short notes on board of directors, independent directors, audit committee – page 15.47,
Peer review – page 15.60
Chapter – 17 : Professional EthicsOther misconduct, maintenance of branch offices
Part I of First Schedule – Clause 2,4,6,7,11
Part III of First Schedule – Clause 2Part I of Second Schedule – Clause 1,4,8
Chapter – 18 : Management & operational auditDesirability of management audit – page 18.5Behavioural aspects of mgt audit – page 18.15Audit objectives – page 18.27
Lesson 1
1. Characteristics of information
2. decomposition/subsystem principles
Lesson 2
1. Components of TPS
2. Direct Processing
Lesson 3
1. Features of a computer based MIS
2. Programmed & Non programmed decisions
3. Pre-requisites of MIS
4. Limitations of MIS
Lesson 4
1. MRP
2. Model and its advantages
3. systems approach to problem solving
Lesson 5
1. Characteristics of Information used by executives
2. DSS software tools
3. DSS examples
Lesson 6
1. Traditional computing models
2. Client/Server model
3. Server centric model
4. Characteristics of C/S
Lesson 7
1. Systems development approaches
2. data dictionary
3. Fact finding techniques
4. Costs/Benefits of CBIS
Lesson 8
1. Designing systems output
2. systems manual
3. Data communications design
4. printed output/visual display output
Lesson 9
1. Bench marking problem testing
2. program design tools
3. advantages of pre-written software
4. PDLC
Lesson 10
1. Personal training
2. Conversion activities
3. systems evaluation
Lesson 12
1. Evaluation of ERP
2. Business engineering
3. characteristics of ERP
4. ERP benefits
Lesson 13
1. OS-Security components
2. SPLMS
3. Firewalls
4. DBMS controls
Lesson 14
1. Field level interrogation
2. source document controls
3. error handling techniques
Lesson 15
1. Making fraud difficult to perpetrate
2. Disk imaging and analysis technique
3. Frauds at input
Lesson 16
1. Powers of controller
2. duties of certifying authorities
3. Powers of central government
Lesson 17
1. Concurrent audit techniques
2. Audit framework program development and acquisition
3. Program analysis
4. IS audit objectives
Lesson 18
1. Core principles of information security
2. example of information security policy statement
3. types of information protection
Lesson 19
1. Programming work bench
2. levels of integration
3. Meta –CAS
IMPORTANT AREAS IN AUDITING FOR NOV 2009 EXAM
Chapter – 4 : Company auditor
1)Functions of an auditor under companies act 1956 -page 4.19
2)Exemption of branches from audit requirements in certain situation – page 4.27
3)Gist of important circulars – one reading – page 4.34
Chapter –5 : Company audit
1)Types of registers – page 5.7
2)Personal exp of directors – page 5.9
3)Sec 205 – page 5.21
4)Transfer to reserves exceeding 10% - page 5.25
5)Definition of capital reserve, capital receipts – page 5.316)Interim dividend – page 5.37
7)Non provision of proposed dividend, non provision of tax in the accounts–page 5.41
Chapter –6 : Audit report
1)Director’s comments on qualifications – page 6.23
2)Short notes on loan outstanding, turnover
3)Important points in comments of matters to be included in reportParagraph Comments4(i)(a) 2,34(i)(b) 34(i)(c) 3,44(ii)(a) 34(ii)(b) 24(ii)(c) 24(iii)(a) 14(iii)(b) 24(iii)(c) 24(iii)(d) 1,24(iv) 3,4,54(v)(a) all4(v)(b) 2 4(vi) 2,3,4,54(vii) 2,34(viii) 34(ix)(a) 3,4,54(ix)(b) 1,24(x) 2,3,44(xii) 54(xiii) all4(xiv) 2,54(xv) 1,2,54(xvi) 2,34(xvii) 14(xviii) all4(xix) 24(xx) 24(xxi) 1,2,6
Chapter – 7 : EDP Audit
1) Short notes : batch processing , real time processing – page 7.3
2) Specific problems of EDP relating to internal control – page 7.5
3) Internal control in a computer based system – page 7.14
4) Service Bureau – page 7.26
Chapter – 8 : Investigations
1) Difference between auditing & investingation – page 8.2
2) Special issues in investigations – page 8.6
3) Types of investigations – non statutory – page 8.15
4) Financial due diligence – page 8.36
5) Contents of a due diligence report – page 8.42
Chapter – 10 : Audit of PSUPropriety audit – page 10.7
Chapter – 11 : Audit of Banks
1) Bills for collections, Bills purchased, Loans & advances, credit card operation – page 11.20
2) Money at call & short notice – page 11.23
3) Investments – page 11.25
4) Threats in recovery, erosion in the value of security – page 11.39
5) CDR – page 11.41
6) Third party guarantees – page 11.60
7) Contingent liabilities – page 11.71
8) Concurrent audit – page 11.77
Chapter – 12 : Audit of General Insurance
1) Legal framework – page 12.1
2) Part I & IV of IRDA Regulation 2002 – page 12.7
3) Auditors report – page 12.18
4) Audit procedures – page 12.21
5) Verification of claims, commission, operating exp – page12.26,12.28,12.29
6) Investments – page 12.30
7) Unexpired risk reserves & reinsurance – page 12.37
8) Co insurance , solvency margin – page 12.44
Chapter – 13 : Tax AuditTax audit u/s 44AB – page 13.4
Form 3CD – page 13.16
Chapter – 14 : Stock Exchange
1) Margins – page 14.5
2) Rolling settlement – page 14.12
3) Circuit filters & circuit breakers – page 14.14
4) Contract notes – page 14.19
Chapter – 15 : Special Aspects
1) Audit of NBFC – page 1 to 11
2) Audit of co-operatives societies – page 15.18
3) Audit of mutual fund
4) Short notes on board of directors, independent directors, audit committee – page 15.47,
Peer review – page 15.60
Chapter – 17 : Professional EthicsOther misconduct, maintenance of branch offices
Part I of First Schedule – Clause 2,4,6,7,11
Part III of First Schedule – Clause 2Part I of Second Schedule – Clause 1,4,8
Chapter – 18 : Management & operational auditDesirability of management audit – page 18.5Behavioural aspects of mgt audit – page 18.15Audit objectives – page 18.27
Friday, June 26, 2009
CA Cource overveiw
With the rapid growth in economy, careers in finance and accounts have gained tremendous popularity and the most prestigious career option in this filed is that of Chartered Accountant. Chartered Accountancy is a dynamic, challenging and rewarding profession. All the countries have their own Accountancy Association which regulates the quality and quantity of the professionals in this field. Chartered Accountancy Course is a professional course in Accounting introduced in our country in 1949, with the enactment of the Chartered Accountants Act. The Institute of Chartered Accountants of India (ICAI) was formed the same year . This Institute is both an examining and a licensing body. It is the responsibility of the institute to conduct the Chartered accountancy (CA) Course. The course involves a blend of theoretical education and practical training which run concurrently for a period of three years and equips a student with knowledge, ability, skills and other qualities required of a professional accountant.
A Chartered accountant is one who is specialised in accounting, auditing and taxation. He also serves as a management and corporate caretaker. In recent times, accountancy has become popular as a profession. The services of a CA is required in money matters even in a small business . Moreover according to the Company Act only CA's in professional practice are allowed to be appointed as auditors of companies in India. A chartered accountant is a person who is accepted as a member of the Institute of Chartered Accountants of India (ICAI) after having passed the Final examination of the Chartered accountancy course conducted by the institute.
CA programme is of two years apart from the training period. It has three sections, Competency Professional Test (CPT) that was earlier known as Professional Education exam PE1, Professional Competency Examination (PCE) and Final examination. The registration for CPT and PCE is open throughout the year. A student may register at any time during the year. However, as the examinations will be held twice a year in May and November, it is necessary that a student must register at least ten months before the examinations. After passing the Professional Competency Examination (PCE) candidates are eligible for registration as articled clerks/audit clerks for practical training. Computer Training Programme, ie 100 hours Information Technology is compulsory for the candidates who wish to register themselves as auditor clerk. Students can undergo this programme while pursuing CPT or PCE.
Articled clerk is a trainee attached to a practicing chartered accountant under a Deed of Articles for the duration three years. During this period the articled clerk will also need to continue studies for the CA exam. An audit clerk is a person who has served as a salaried employee for a minimum period of one year under a practicing chartered accountant. During the training period, candidates would be required to work in different areas learning the basics of auditing and taxation . This training enables them to learn the technical details of the job as well as to get an idea of the working environment of the profession.
The scope for this lucrative career is bright in an economically developing nation like ours and as such the career can be termed as challenging and rewarding for competent professionals in the field.
Eligibility: A candidate who has passed the Senior Secondary Examination (10+2) or waiting for the 10+2 exam results can register for the CA programme. Click here for more details
Job prospectus and Work area :The growing importance of trade and industry along with the rapid growth of capital and money markets in an economically developing nation like ours, has increased the importance of Chartered Accountants enormously. Click here for more details
Examination & Course Details: Anyone who has a 10 + 2 can enroll for the Professional Education Course I . Click here for more details
Remuneration: Chartered Accountancy is a well-paid profession. Click here for more details
Institutes : Click here for the list of institutes
A Chartered accountant is one who is specialised in accounting, auditing and taxation. He also serves as a management and corporate caretaker. In recent times, accountancy has become popular as a profession. The services of a CA is required in money matters even in a small business . Moreover according to the Company Act only CA's in professional practice are allowed to be appointed as auditors of companies in India. A chartered accountant is a person who is accepted as a member of the Institute of Chartered Accountants of India (ICAI) after having passed the Final examination of the Chartered accountancy course conducted by the institute.
CA programme is of two years apart from the training period. It has three sections, Competency Professional Test (CPT) that was earlier known as Professional Education exam PE1, Professional Competency Examination (PCE) and Final examination. The registration for CPT and PCE is open throughout the year. A student may register at any time during the year. However, as the examinations will be held twice a year in May and November, it is necessary that a student must register at least ten months before the examinations. After passing the Professional Competency Examination (PCE) candidates are eligible for registration as articled clerks/audit clerks for practical training. Computer Training Programme, ie 100 hours Information Technology is compulsory for the candidates who wish to register themselves as auditor clerk. Students can undergo this programme while pursuing CPT or PCE.
Articled clerk is a trainee attached to a practicing chartered accountant under a Deed of Articles for the duration three years. During this period the articled clerk will also need to continue studies for the CA exam. An audit clerk is a person who has served as a salaried employee for a minimum period of one year under a practicing chartered accountant. During the training period, candidates would be required to work in different areas learning the basics of auditing and taxation . This training enables them to learn the technical details of the job as well as to get an idea of the working environment of the profession.
The scope for this lucrative career is bright in an economically developing nation like ours and as such the career can be termed as challenging and rewarding for competent professionals in the field.
Eligibility: A candidate who has passed the Senior Secondary Examination (10+2) or waiting for the 10+2 exam results can register for the CA programme. Click here for more details
Job prospectus and Work area :The growing importance of trade and industry along with the rapid growth of capital and money markets in an economically developing nation like ours, has increased the importance of Chartered Accountants enormously. Click here for more details
Examination & Course Details: Anyone who has a 10 + 2 can enroll for the Professional Education Course I . Click here for more details
Remuneration: Chartered Accountancy is a well-paid profession. Click here for more details
Institutes : Click here for the list of institutes
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