Study Guidelines On Electives Papers For CA Final Paper-6 May 2018

Study Guidelines On Electives Papers For CA Final Paper-6 May 2018

Study Guidelines On Electives Papers For

CA Final Paper-6 May 2018

 

ICAI has come up with the Guidelines for the Electives Electives Papers For CA Final Paper-6 May 2018. In order to remove confusion among the students, these guidelines have been prescribed.

To the whole Guidelines (In General) can be summarized as under:

  • The Books will be Provided by ICAI in Exam hall and Students Need Not Carry their Study Material.
  • The Respective Book of each Elective Paper that Students will get in the exam hall will be the Strip Down Version Of Study Material that is with all the students as issued by BOS ICAI.
  • Strip Down Version Means that the Book will not Contain followings
    • Examples
    • Illustrations
    • Key Notes
    • Any Question

Please Read the Instructions Very Carefully. 

 

Paper 6A: Risk Management

The pattern of examination for this paper is open-book and case study based. The modified version of the Study Material for Final Paper 6A: Risk Management would be provided to students as open book. This version of the Study Material would not contain the examples/illustrations/summary given in tables in respect of certain topics. The entire content included in the November 2017 edition of the Study Material shall be relevant for the May 2018 examination.

 

Paper 6B: Financial Services and Capital Markets

The pattern of examination for this paper is open-book and case study based. The modified version of the Study Material for Final Paper 6B: Financial Services and Capital Markets would be provided to students as open book. This version of the Study Material would not contain the examples/illustrations/summary given in tables in respect of certain topics. The entire content included in the November 2017 edition of the Study Material shall be relevant for the May 2018 examination.

 

In addition to above following two SEBI Regulations excluding the Schedules related thereto shall also be provided to the students as open book.

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [Last amended on March 06, 2017]
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 [Last amended on August 14, 2017]

Accordingly, the list of SEBI Regulation and Guidelines as provided in Chapter 16 of the Study Material need to be ignored.

Compilation of above-mentioned Regulations is available at following the link: DOWNLOAD

 

 

Paper 6C: International Taxation

The pattern of examination for this paper is open-book and case study based. The modified version of the Study Material for Final Paper 6C: International Taxation would be provided to students as open book. This version of the Study Material would not contain the examples/illustrations/diagrams/summary given in tables in respect of certain topics.

It may be noted that in the chapters comprised in Part I of the Syllabus of this Elective Paper, the special provisions relating to non-resident taxation, transfer pricing, double taxation relief and advance rulings under the Income-tax Act, 1961, as amended by the Finance Act, 2017, are dealt with in detail in the Study Material of this Elective Paper 6C.

Also, certain general provisions of the Income-tax Act, 1961, as amended by the Finance Act,2017, which would apply in the same or modified form to non-residents have been discussed at some length in this Study Material.

Since these general provisions and other general provisions of the income-tax law, as amended by the Finance Act, 2017, are dealt with in detail in the core paper on Direct Tax Laws and International Taxation [Final Paper 7],

Students are expected to integrate and apply the provisions of income-tax law (dealt with in Final Paper 7: Direct Tax Laws and International Taxation and in the Elective Paper 6C: International Taxation) in making computations and addressing relevant issues in questions raised in the Elective Paper on International Taxation.

It may be noted that only the Modified version of the Study Material of Elective Paper 6C would be available as Open Book, and Questions based on case study may involve application of other provisions of income-tax law dealt with in detail in Paper 7, which the students are expected to be aware of.

 

Paper 6D: Economic Laws

The pattern of examination for this paper is open-book and case study based. The modified version of the Study Material for Final Paper 6D: Economic Laws would be provided to students as open book. This version of the Study Material would not contain the examples/illustrations/summary given in tables in respect of certain topics. The entire content included in the November 2017 edition of the Study Material shall be relevant for the May 2018 examination.

 

Final Paper 6E: Global Financial Reporting Standards

 

The pattern of examination for this paper is open-book and case study based.

The bare text of all Ind AS as on 1.4.2017 (uploaded on the MCA’s website at DOWNLOAD  along with the differences in Ind AS vis-a-vis IFRS (which may or may not result in carve-outs) (uploaded at the following link DOWNLOAD would be provided to the students as open book in the examination. The open book will also carry the ‘List of IFRS corresponding to Ind AS’ and ‘List of IFRICs /SICs included in the corresponding Appendices to Ind AS’ (uploaded at the following link DOWNLOAD

Students may note that the chapter on ‘Significant differences in IFRS vis-à-vis US GAAPs’ will not be provided to them at the time of examination.

Students are advised to refer the content based on Ind AS along with the above-referred differences and apply the same on the basis of IFRS for this paper.

 

IF you have any Question Please comment below. we will get back to you ASAP.

Related posts

Leave a Reply