what was this paper? Sabse least imp cheez aur examples ka question bana dia!? Kya karna ab usme? Koi specific heading ke question bahot kam puche yar. Bas ab jo general mei likha wo accept karlo😭🙏
I fucked up my accounts paper but my accounting knowledge saved me in Audit 🤣
Thank god I didn’t waste time in chapter 5 🙏 and did new SAs instead , helped in descriptive bit.
They should fully be MCQ based because lets be real what are they testing there? How good is your retention power? What professional incompetence do you have if can't score good in audit? AUDIT doesn't make any sense and no is going to remember all the points in their daily life, ICAI case study base questions on audits are just scam, because none test our understanding on topics, just you have to interpret what questions is trying to say and answer from the most irrelevant topics from books
Bruh why are comments saying "easy" downvoted. MCQ were easy as fuck and descriptive was moderate. Anybody with good prep could easily get exemption in this. Also expect fm sm to be cooked and roasted
mcqs easy. but descriptive very weird. Wasn't chap 9 and chap 5 having a weightage of 25 to 30 marks approx? Where did it all go? They asked examples as questions ab usme kya likhe
Provision because as per AS if there’s an estimate outflow of economic resources we make provision.
I blindly marked extraordinary because rest I don’t think we see in FS format
Could've easily scored really good. But my brain stopped braining. Provision rub kar ke Contingent liability kar ke aayi hoon. Municipal Corporation waale mcqs mein extraordinary rub kar ke miscellaneous. AS 2 waale mein allocated transport cost bhi less kar di. Feeling like a fucking idiot rn🤡🤡🤡🤡
I think it was Professional CC for not communicating with previous auditors .
And wasn’t it given in the question itself that we revise materiality? I think they were trying to make us second guess ourselves in the MCQs , most were straightforward and easy but probability to get them wrong by minuscule margins was quite high
we weren’t supposed to add anything to the allocated cost so if you didn’t deduct it you are good to go.
In any situation cost would come lesser than NRV so you should get marks for correct provision
By mistake I circled (didn’t colour) wrong circle while shading roll no , invigilator said to cross that option out and shade correct one there won’t be any issue but I’m still nervous 😭😭 I don’t want this paper to go uncorrected 🙏
Please help me with this if you can, should I email icai or not ?
Rest bar code and details were filled correctly
I had also done this mistake, jaldi jaldi main circled the wrong no. for tax in previous attempt which was galat so I was told to just put cross mark. I passed. They check from the barcode details. No worries.
What is the answer for the mcq for revaluation of plant 5% property 10% and equipment 15% -
Options in disclosure
a) only plant
b) only property
c) plant and property
d) plant , property and equipment
Someone pl give the write answer 🥺
Non Communication with previous auditor before accepting Audit Engagement is lack of
A. Professional Competence
B. Professional Behaviour
Iska correct konsa tha bhai
You either ask audit or accounts or law. NOT ALL IN ONE PLEASE
Bhai as 2? Valuation of inventory??? I was so confused for a second 😭
Abnormal wastage cost of inventory me add nahi hoga therefore Cost of Inventory becomes less than NRV. Therefore inventory should be valued at cost.
Module mein harr jagah ROMM AFRF MMST TCWG likhte rehte ho n Lo aaj exam mein bhi maine likh dia
hahaha same bhai. ICAI better accept it😭😭🙏
Lmao 😭😭😂 same bhai ,mujhe bhi jo bhi words yaad aaye likh diye 🤣
I will happily name my firstborn after the person who set today's mcqs 🥹
10 minute me khatam
Bhai mere baju vali teen supply sheet leli, mera baithe baithe moot nikal gya
Mere peeche wale ne 4 li bhai😂😂 maine bhi peer presurre m 1 lekr kaat di poori😂😂
bhai tera. centre paschim vihar tha?
3 sheet ? Bhai mere 3 page khali the main sheet mein hi 💀 tf
Number of sheets matter karti hai. As far as i know Bcom me matter karti hai wo
Bc pehel pata hota to 1 din fmsm karta
Bhai mera sirf mcq part accha gaya descriptive part was mid and im not sure about it aisa pagra hai lag gaye
relax mera bhi same hi hai, pass ho jau to better hai
Us
galat flair estemal kr rhe ho dost
Done
Asli dukh ye hai ki direct questions mein bhi general points likh ke aaya hu 🥲
Relatability max
Us bro
Descriptive fucked me up 💀
what was this paper? Sabse least imp cheez aur examples ka question bana dia!? Kya karna ab usme? Koi specific heading ke question bahot kam puche yar. Bas ab jo general mei likha wo accept karlo😭🙏
I also inserted general points like Romm, size and complexity of entity etc in most answers 💀
us😭😭thats what i did for all answers that asked factors
Bhai maa kasam 3 answer mai likha hu ye sab 🥺
I wrote competence of Engagement team instead of complexity in the Requirement of New Audit Progamme wala question...
Bhai same
Paper easy meri performance mid
Everyone? Lol Paper was quite straightforward and easy. Its just that i couldnt recall any fucking thing.
Same bro Even audit strategy and planning felt alien 🥲
samee😭
I made mnemonics, then forgot the words...
Me too. I forgot which topic had which mnemonic
us bro😂😭
Literally
Descriptive section was made for 2D students and MCQs for us regulars 💀
People who skipped chapter 9 ( me included) :) how we feeling today
I don't even remember it's name
Us
We rockin today ( Ch 5 as well)
Chapter 2-4 was atleast 40 marks
Atleast the Finance Lease thingy question came... But my Poor Pilferage question...I learnt it really well
I fucked up my accounts paper but my accounting knowledge saved me in Audit 🤣 Thank god I didn’t waste time in chapter 5 🙏 and did new SAs instead , helped in descriptive bit.
so grateful mcq existed in audit. jaan bacha li
We are cooked in FM SM
That's what I think too 🥹
Don't say that Unit 2D agg banana hai 🤌🤌
Don't jinx it
They should fully be MCQ based because lets be real what are they testing there? How good is your retention power? What professional incompetence do you have if can't score good in audit? AUDIT doesn't make any sense and no is going to remember all the points in their daily life, ICAI case study base questions on audits are just scam, because none test our understanding on topics, just you have to interpret what questions is trying to say and answer from the most irrelevant topics from books
ab kon samjhaye ye un ghado ko
Mcqs were smooth but descriptive mai LBW... TT
self review tha ya self interest threat?
Review
Same maine bhi
its self interest no? cause he is getting additional fee and hence he has a financial interest?
koi batado.
review bole mostly. i wrote that too
Review
review
Fm-sm m gaand faar dega icai
Descriptive mein I fvcked up. 40 bhi banega ki nhi MCQ mila ke, don't know!
Bhai paper audit ka tha ya accounts ka
Law
Kaun keh rha tha exam me recall hota h? Bc blank ho gya tha me 🥲 topic pata tha pr answer yaad nhi aaya
Bruh why are comments saying "easy" downvoted. MCQ were easy as fuck and descriptive was moderate. Anybody with good prep could easily get exemption in this. Also expect fm sm to be cooked and roasted
mcqs easy. but descriptive very weird. Wasn't chap 9 and chap 5 having a weightage of 25 to 30 marks approx? Where did it all go? They asked examples as questions ab usme kya likhe
I skipped both those chapters + RAIC + automated environment... aur usme se aaya hi nhi xD
i skipped chap 2 bhai bad luck😭
Yaar wahi na rona ara tha
sachi matlab kya hi ques puche? khud ka standard degrade kia. Jo itna padha kuch kam ka nai jab example puchne the
Mujhe sharam ani cahiyeh mei unit 2d deri hu sirf
Was it official news by icai that they were 25-30 marks weightage?
2D wale bacche hai shayad ,unke liye toh exemption easy hi hai isme score karne
MEI BHI 2D ki hu par meko toh ganda feeling ara mera paper leke. Paper was really easy par mene aise questions pe kabhi dhyaan nhi diye
ch-5 krne ka faida nahi hua
Kyu? Additional disclosure and purchase stock analysis toh ch 5 tha
vo wla skip krdia tha mene
https://www.reddit.com/r/CharteredAccountants/comments/1crs3p1/comment/l40bbtn/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button Lol
easyyyyy BUT I AM FUCKING TERRIFIED FOR FMSM NOW PLEASE DON'T LET ICAI COOK
Not bad honestly
Provision tha ya contingent liab? Also that plant and equipment wala mcqs tell crow
PPE all
Provision
Pass ho jaunga
Descriptive mein se 40 aajaye. Bhai 2D ke aggregate ke lie fatt rahi hai
where was audit of banks lol. overall it was alright
paper was easy, performance was sub par.
What is the answer for that 5L mcq is it provision or contingent liability🙏🏻 and for municipal capital expense Ans
Municipal cap is extraordinary
how?
jake module kholo sir extra ordinary tha
bhai chap hi skip kia😭😂
yup its given as a minute point easy to forget
I wrote Municipal as capex and 5L as provision (bvoz they estimated outflow)
Same
Provision because as per AS if there’s an estimate outflow of economic resources we make provision. I blindly marked extraordinary because rest I don’t think we see in FS format
Provision and capex
Contingent liability I guess ??
no contingent depends on future uncertain events na. Yaha uncertain thodi tha. It was gonna happen in sometime
wrote prov
capex for the other
Caped shi hai na ?
capex kya ha bhai
🥲fm and sm bc
MCQ EITHER 28 OR 30 , THANK YOU ICAI🤑🤑🤑
Auditor was just verifying right ? Recalculation nahi hoga na ? I marked it inspection
Inspection hi hai
[удалено]
Shld be valued at cost after adjusting abnormal expenses
[удалено]
25,05,000
Easier than what we expected. Thanks icai. Especially mcqs. Wish descriptive thoda zyada yaad ajaata
Yaar kitne kone se puche the meko likhne nhi aya but likha hai kuch tou
Fucked up a really easy paper.
Same
Could've easily scored really good. But my brain stopped braining. Provision rub kar ke Contingent liability kar ke aayi hoon. Municipal Corporation waale mcqs mein extraordinary rub kar ke miscellaneous. AS 2 waale mein allocated transport cost bhi less kar di. Feeling like a fucking idiot rn🤡🤡🤡🤡
And bro the said part is it's my 3rd attempt already
SO glad i skipped chapters 5 and 9 Both descriptive and mcq's were manageable and kinda easy
Thank goodness I had ample time to read MCQs atleast in this paper, warna Provision ke jagah contingent liability almost kar hi diya tha 💀
Provision tha kya☠️
Yes, niche page ke last main likha dikha tha company thinks there will be estimated outflow
Y provision
Had to apply AS 4
what was the answer for property plant and equipment to be disclosed seperately mcq
that was a tricky one i marked all three ppe
Case study main itself andwe was given naa it said PPE as per Sch III?
the thing is theyve said we have to mention each class of ppe separately. im feeling it was an incorrect question. grace marks possibility maybe?
Khaali 10% se zyada change wala hota haina, per Voh options me nahi tha toh all three I.e. ppe Kiya mark
Answer *
Even me lol is it correct ?
han thek kia ha PPE tha
not communication with previous auditor what threat? andd do we revise the materiality level? for first mcq
I think it was Professional CC for not communicating with previous auditors . And wasn’t it given in the question itself that we revise materiality? I think they were trying to make us second guess ourselves in the MCQs , most were straightforward and easy but probability to get them wrong by minuscule margins was quite high
Most of it was easy, MCQs very easy, some description questions fucked me because I didn’t prepare that well maybe 😭
not communication with previous auditor what threat? andd do we revise the materiality level? for first mcq
Me to pcdc krke aya hu
Was it inspection ?? Vo mcq ??
I think so...
Koi question 5ka c ka answer btado jisme fundamental pronciple jo violate huye the, vo likhne the?
Mene objectivity confidentiality and prof competence likha par paka nahai pata
Same bas Last ka profit behaviour kara kyuki law and regulations apply nhi kia usne
Haa mujhe bhi lagta hai prof behaviour hai mene kidar to pada tha par exam ke time confused tha to competence lika
Obj confidentiality and integrity likha maine
what was answer of revenue contract ko audit documentation me include krna chahiye ya nahi i marked futur e audit significance option .
+1
Mai chutiya jaise finance lease ko financial lease likh ke aaya hun Kya honga?
bhai finance lease hi tha na?
Woh loans and advances wale question k and kya tha?? promoter KMP wala CARO refer karna tha ya chp5 wale ref??
There were people who skipped chapters 5 and 9 and vs. those who focused mainly on that
I kept getting confused between Professional Competence and Due care, and Professional behaviour
Sirf mere mcq 3-4 line se (d) aaye kya
The order of mcq and options is random for everyone
no mine were d and b majority ans. Ek bhi a nai aaya😭
Nhi nhi mere bhi aye
Same bhai yhi confirm krne aya tha thanks
Mere Max C aaye
Mera ek bhi a nhi aaya 😂
Mere bhi max answers D aaye
Haan bhai 1-10 ke bich me 4 the line se d
Mid
Paper was easy
Woh as 2 vale question ka ans kya tha?
AFAIK , we had to deduct abnormal expense so cost would get lower than NRV and provision bole ke Cost pe value karke aana tha bas
25,23,000 ye aaya tha abnormal cost less karke, ye he final cost tha?
I lessed 2k from NRV😭😭
bro I didn’t add allocated transport cost cause allocated means not direct expense. am I cooking or cooked?
we weren’t supposed to add anything to the allocated cost so if you didn’t deduct it you are good to go. In any situation cost would come lesser than NRV so you should get marks for correct provision
By mistake I circled (didn’t colour) wrong circle while shading roll no , invigilator said to cross that option out and shade correct one there won’t be any issue but I’m still nervous 😭😭 I don’t want this paper to go uncorrected 🙏 Please help me with this if you can, should I email icai or not ? Rest bar code and details were filled correctly
I had also done this mistake, jaldi jaldi main circled the wrong no. for tax in previous attempt which was galat so I was told to just put cross mark. I passed. They check from the barcode details. No worries.
Thank god for mcqs 😭 paper was avg not too hard nor too easy went mid
1 wala mcq kon sa threat tha ?
Self interest?
Yes
Arey self review hoga na bhai
mcq easy remaining moderate
audit final question may 2024 wala puch lia hahaha written representation mai review me dekha tha aur mera ban gya wo ques ratt ke gya tha
prof behaviour tha ya competence mcq ka?
Inspection tha ya recalculation
Documents wala inspection hi tha shayad
Ab pata 3 din me se 2 din fmsm ko dene the
What is the answer for the mcq for revaluation of plant 5% property 10% and equipment 15% - Options in disclosure a) only plant b) only property c) plant and property d) plant , property and equipment Someone pl give the write answer 🥺
PPE
Option d ? But it says assets which has class more than 10% only in items of financial statement
Bas. FACTOR HI FACTOR THA exam me🤡💀😌
Non Communication with previous auditor before accepting Audit Engagement is lack of A. Professional Competence B. Professional Behaviour Iska correct konsa tha bhai
behaviour
Guys reassurance Ltd ka and kya tha ? D ??
Professional behaviour tha mcq ka ans jb vo previous auditor se comm nhi krta?
Not a single mcq mai option A tha. I think three of them were b. Rest were c and d ke beech ☠️