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What was my strategy to clear Cost ?
Here are all the tips, followed by exam questions and Important topics ! ✨️✨️
https://youtu.be/LY_YiGtj6a8?si=s8ZLe...
List of questions asked in my exam
1. OEE 4-5 ques were there cal of idle labour hours. Complete OEE was given availability ratio was supposed to be calculated
2. What will the transfer price in case of transfer from division AA to division BB, division BB to division CC , transfer from division AA to division BB when AA has reduced its cost due to improvisation of process.
3. International Transfer Pricing - What is the increase in the contribution if a division in foreign starts buying from division in India earlier it was buying from its country's market.
4. What will be the affect of tax on transfer price? Whether the transfer price is to be increased in the country with high tax or vice versa.?
5. Calculation of NOPAT & non operating profit
6. Calculation of Economic value added
7. Calculation of marginal cost,profit.
8. Calculation of capital employed
9. Calculation of ROI
10. Cal of penalty in case ROI increases the ROI established by Govt. (On the basis of case study)
11. Value for money framework- effectiveness, efficiency, economy- School casestudy similar to given in ICAI module.
12.Taglines were given- In which case Co is using cost leadership and differentiation. 2 ques
13. OTT Model - Subscription Model
14. Coupon is given under which pricing strategy- Promotional
15. Standard costing- 3 ques, variances were given , In the case study, Co has changed its pricing model. Which variance is impacted, related to sales variance.
16. Service Level agreement(This topic is in ICAI module only theory I could find but 2 calculation sum were there which i could not solve)
17. Porters 5 forces of model - 3 ques Case Study- A report has been generated by valuer, it has given impact of all 5 forces,
Which impacted the most. Which impacted the least.
18. Altman Z score- formula was given for non manufacturing pvt Co.
19. Altman Z score- what is X1 X2 X3 in case of manufacturing public co.
20. Altman Z score- which financial ratio has highest impact from all 5 ratios ( X1 X2 X3 X4 X5)
21. Argentis A score- which Co is under risk
22. Altman Z score- what is the qualitative factor it depicts- Ans as per me Bankruptcy of Co.
23. People+Planet+Profit leads to sustainability- Triple bottom line
24. Which of the following is not a performance reports- GRI, ESG, Integrated reporting. And 4th option apart from these 3 was the answer.
25. Cal of manufacturing cycle efficiency
26. Cal of %age of non value added in whole cycle.
27. JIT 1 Ques -characteristic Eliminate defecfs as quickly as possible
28. Lean management-Characteristic
29. Takt time ques
30. Product life cycle- Product is in which stage
31. Block chain related ques - characteristic
Other important topics
1. Pareto analysis done
2. low initial price strategy is called? Penetration Pricing and pricing strategies
3. ESG full form
4.Transfer pricing ques which has fixed cost as well
5. Standard costing - market share & size
6. Own production or outsource
7. KANO
8.Throughput and bottleneck
9.5S sequence
10.Target costing
11.Trf pricing - cal of min and max price
12.Cost of quality
13.Digital technologies
14.Hyper competition
15.Incubators
16.Kaizen
17.McKinsey 7s
18.Balanced score card
19.Pricing policy profit maximization
23 - 9
How I changed my SPOM Law score from 48 to 72?
Here are all the tips and tricks! Followed by the list of exam questions ✨️🌸
Link for ICAI PDFS- Case study and MCQs
drive.google.com/drive/folders/18JjFX1y1P0y8nQzt5n…
https://youtu.be/0XrVbPshoXo?si=YyXZ7...
Types of calculation sums
1. Calculation of effective capital/net worth
2.Cal of remuneration to directors- schedule 5 and in case of loss
3. Cal of refund of remuneration
4. Cal of compensation of loss to director
5. Winding up- preferential payments
6. Cal of Donation to charitable funds.
7.Cal of amount of borrowing limit
8. Cal of net owned funds
9. Cal of net profit, adjustments
Exam Questions
1.Section 8 quorum - 8 members or 25% of total whichever is lower.
2.For how many days inspector can keep records and documents during inspection /Investigation- 180 days
3. Number of directors in top 2000 listed entities.-6
4. Govt co. is being amalgamated into Non-Govt Co. What is the status of new co? Ans Govt co
5. Penalty of Insider Trading min 10 lakhs may extend to 25 cr or 3 times the profit made.
6. Days limit to file application with ROC and NCLT. ( Related to winding up, Insolvency and covered in the 2nd last chapter of module , multiple ques were there in both the attempts)
7. Whether writing of debts is oppression for members or not? No.
8. Directors or employees liable to provide info during Investigation even if they left before. Ans Yes
9. What all is to be included in the application to Tribunal by financial creditor Ans record of default, name of Insolvency professional, other info.
10. IPO to be within not less than 3 working days and not more than 10 workings day.
11. In how many days first meeting of COC is to be conducted by IRP- 7 days.
12. Surrender of certificates under FRCA
13. Scholarship received under FCRA is exempted.
14. Cal of effective Capital
15. Remuneration cal on the basis of effective capital
16. SEBI LODR
17. Co. to inform Sec exchange board about securities to be discussed in the board meeting before 7 days if the board meeting
(Ques will be like- ABC Ltd wants to discuss about securities in the board meeting, How many days before the board meeting it should be communicated to the Securities Exchange Board Ans 7 days before the meeting day)
18. Cooling periods
19. Sec 231 and 230 of Co Act
20. An employee is posting on social media about profits of the company but in reality company in under losses. Liable under which act. ( I did Liable under sec 447 in the exam , but not sure )
21. Whether a foreign subsidiary of a Co incorporated in India is resident in India or outside India. Ans Resident in India
22. Dormant co- non filing of financial statements/annual reports for how many consecutive years. Ans 2 consecutive years .
Disqualification for a director is not filling of financial statements/ annual reports for 3 consecutive years.
23. Revised annual report is to be filed within 48 hrs after AGM
24. Cognizance and Non - Cognizance of offence.
25. Purchase of office outside India to open branch by Co incorporated in India. Can it do so?
26. Can a director claim compensation of loss of office when Co is wound up by Tribunal. No
27. Application to NCLT and Supreme courts within how manys days. 45 ,60 days.
28. Calculation of net profit and adjustments.
29. Can an Order of NCLT be rectified if an appeal has been made to NCLAT? No
30. No of directors in Audit Committee
31. Can a Dormant company have auditors and if yes is rotation applicable. No.
32. Approval -majority in numbers and 75% in value.
33. Can a Co. (Not Individual) can get contribution of USD 250000 without approval of RBI.
34. Is a legal representative of deceased person liable as an heir to provide for penalty under sec 15H and Insider Trading.
35. Who appoints recovery office to recover claim in case of point 34.
36. Penalty under sec 15H
37. Deceased person transferred FD to his Son, car to sons wife and property to sister. What all can be utilized to pay penalty under pount 34.
38. What is the Legal Status of ROC to file for winding up of Co.?
39. Notice of striking off of name by ROC to Co within how many days.
40. How much amount can be realized from the members who left the company to pay dues at the time of winding up of companies.
Ans unpaid calls
41. Is a foreign creditor required to submit certificate from Institution to file application to NCLT.
42. Under what circumstances more than one director can be appointed by a single resolution. Ans when not a single vote is cast against it.
43. Under what circumstances point 42 will be void.
44. Is there any limit on number of directors by a single resolution under law.(point 42)
Ans No
45. A person resident in India earned in foreign as salary 2 years back. Now he wants to utilize this amount in India, is any permission required .
46. Who can remove the member of SEBI Board. Ans Central Govt
47. Age of Chairman of SEBI Board and Duration of notice if he wants to resign Ans 65 yrs and 3 months
48. Penalty under price manipulation.
49. Eligibility to file petition for winding up
50. Can Tribunal give order of winding up if it feels it to be just and equitable without notice and calling of representation from co.
51. NCLT to pass order within how manys days after registering of application.
52. Cal of contribution to charitable funds.
Avg of profit/loss of last 3 years × 5%
53. Limit of contribution to political parties Unlimited
54. Only board resolution or any one of board resolution or resolution by circulation, what is required to contribute to political parties.
55. Functions of IRP.
56. Can IRP maintain bank accounts of Co. Yes
57. Under what circumstances recovery of excess remuneration to directors can be waived off. Ans Special resolution
58. directors to hold amount to be refunded under whose trust, Co or members?Ans in the trust of company
59. Foreigner in India working for 2 years- he wants to send his salary to his country. How can it be done.
60. Minimum application value under SEBI (ICDR) Regulations.
61. who all are covered under financial creditors? Loans from financial Institutions, etc
62. If operational creditor send demand notice to corporate debtor and they dont reply, what is to be done. Ans Proceed with application to NCLT.
63. What all is not included under unpublished price sensitive information.
Any information publicly available
64. Limit of commission under FEMA beyond which approval of RBI required.Ans USD 25000 or 5% of inward remittance whichever is more.
65. Numbers of days within which adjudicating authority to accept of reject application under IBC 2016.Ans 14 days
66. Criteria to appoint Woman director
Every listed co and public co having paid up capital 100 cr or more and Turnover 300 cr or more
67. Small shareholders related provisions
Min 1000 or 1/10 of total whichever is lower
68. Govt Co ,its subsidiary and Private Companies can appoint multiple directors under one resolution. Sec 162 is not applicable.
69.Cal of net owned funds of Nidhi Co.
Paid up share capital +free reserves - accumulated losses
70.Cal of remuneration in case of loss
Schedule 5
55 - 26
Hey People,
My name is Riya Yadav, A CA Finalist, working as an article in one of the big 6 firms.
Also, I am a Former NICASA (North India CA Students' Association) Member. Along with this I am also a B.Com(Honours) graduate from Kamala Nehru College, Delhi University.
This channel is to maintain journal about my not so boring CA journey.💌
Stay tuned for a lot more of everything!!🌸
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