Financial Reporting Paper May 2017

Page no : 2

K N V S SIVAKUMAR (QUALITY LEAD AT CHEGG INDIA PVT LTD) (964 Points)
Replied 03 May 2017

Yes. On page 5.116 (Similar one). However, the question in exam was wrongly asked.

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Abhishek Goel (C.A. Final Student) (193 Points)
Replied 03 May 2017

If we sum up module + PM around 112/120 marks paper was from these 2 books. Ofc except M&A which was more of Sfm based ques. And yes. All ind AS answers asked by Icai were those where AS and Ind As gives same treatment. So it was supposed to be answered in same manner as what it would be under normal AS. Holding company question has a mistake. Bcoz replacing IND AS 28 in place of AS27 doesn't support the method mentioned in exam. SO THAT'S A BLUNDER BY PAPER SETTER. So that may or may not fall in grace marks kind of question.

Thomas (Student) (315 Points)
Replied 04 May 2017

Originally posted by : ACA Anurag
	Dear All, Paper was so easy but only if u have studied IND AS . ICAI has already issued the notification for the applicability of IND AS in upcoming examination . Total 52 Marks Question were asked from IND AS ( Holding question was also on the basis of IND AS) Questions were asked from PM but u have to answer them according to IND AS Study well and do well All the best May God Bless You

ICAI should have given some indication about the importance of IND AS in future papers. But in RTP and even Mock test papers, IND AS was given only coverage for 8 marks as usual.

If ICAI wanted students to shift focus and knowledge from AS to IND AS, they really should have given prior notice. So far all we have is a chapter called introduction to IndAS in Study Material.

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