Topper May 2014, Pass Percentage CA Final IPCC Toppers, Interviews, Marks-Sheet

CA Final Topper Marks Sheet

The result this time shows that women candidates have fared better than their male counterparts. CA.K Raghu said, “More and more women are turning into professionals and are proving their mettle by playing an important role in every sphere of business and industry. Indian Accountancy profession is no exception to this phenomenon. Today, ICAI can boast of girl students comprising of 36% share of active students”. 

Check CPT Result June 2014 Exams

CPT June 2014 exam results are likely to be declared on 16th July, 2014.

Click here to check your CPT result

CA IPCC May 2014 exams will commence on 27th May, 2014 and will be held until 8th June 2014.IPCC Result for May 2014 exam is likely to be declared on 18th August, 2014 at around 4.00 PM..

Income Tax Slabs for A.Y.2015-16

Income Tax Slabs for A.Y.2015-16

Other Highlights:
To encourage savings, Mr Jaitley said as he reached his tax proposals, he announced some relief for individual tax payers, though he left tax rates and slabs unchanged. Mr Jaitley has raised the exemption limit by Rs. 50,000 to Rs. 2.5 lakh a year. This means that anyone who earns less than 2.5 lakh will not be taxed; those earning more than that will save Rs. 5,150 a year.

The finance minister also raised the exemption limit for senior citizens to Rs. 3 lakh; he hiked the exemption limit on long-term financial savings by Rs. 50,000 to Rs. 1.5 lakh a year and raised the tax-free cap on home loan interest from Rs. 1.5 to Rs. 2 lakh.

Mr Jaitley also enhanced the Public Provident Fund (PPF) ceiling from the current Rs. 1 lakh to Rs. 1.5 lakh in a financial year. 
He promised more clarity on the goods and services tax (GsT) before the year end. The GST is seen as the single-biggest fiscal reform in the country - it aims to widen the tax base, improve tax compliance and reduce transaction costs of businesses. It can add as much as 2 per cent of GDP to India's economy, analysts say.

NOC Format | No-Objection Certificate Letter Format |

No Objection Certificate or popularly abbreviated as NOC is a type of legal certificate issued by any agency, organization, institute or in certain cases, an individual, that does not object to the covenants of the certificate. This certification is a requirement at most of the government-based departments.

NOC for Company Incorporation

While Incorporating a Company, Form-18 should be submitted stating the proposed registered office of the company.
Where the registered office is a building taken on lease by the Director (Its not possible to take lease on the name of the Company as it is not yet incorporated.), a No-Objection certificate (NOC) has to be taken from the Director for using it as Registered Office of the Company.
Applicants should then Select an option in Form-18 stating ‘Registered office Owned by the Director’.
The No-Objection certificate (NOC) can be printed on a normal letter and signed by that director. No need of any Stamp paper etc.

Below is the Format of the No-Objection Certificate (NOC):

Ministry of Corporate Affairs
Dear Sir / Madam
Sub: NOC with respect to Application for Registered Office
Certified that I have no objection for the proposed ‘Enter Company Name’, to use the respective address ’Enter Office Address’ as their Registered Office.
Thanking You,
(Name of the Director)

Admit Card May 2014 - CA IPCC, CA Final Admit Card

Admit Card May 2014 Exams 

Imp Note: In terms of the decision of the Examination Committee of the Institute, physical admit cards are being sent by post, only to those who submitted physical examination forms ( i.e. OMR ). The practice of sending physical admit cards by post, to those who had submitted their exam forms online, is discontinued with effect from May 2014 examination onwards.

Admit Cards for May 2014 CA IPCC and CA Final Exams are released by ICAI on 2nd May 2014

Click here to Download your Admit Card

IMP: In such cases where your photograph is not on the admit card, you should carry a photo identity card issued by the Govt. or issued by ICAI at the time of registration as articled assistants, failing which you will not be allowed entry into the examination hall. 
Where details in the Admit Card are different from what you had filled in your exam application form, Send an email or contact the Helpline numbers ( mentioned below) immediately, quoting your registration number, bar code number of your examination form and receipt number issued by the regional office(s), centre opted (with zone, if applicable), telephone number, fax number etc.
The Admit Cards for May 2014 examinations will be made available at: 

2. Will the admit cards bear my photograph and signature?

Yes, if the application you have submitted bears them.

3. I had not affixed my photograph in the exam form. Can I send them now?

Yes. However, once the admit cards are posted/hosted, no changes will be made thereon. The photographs will be used at the time of preparation of pass certificates. We advise you to carry with you a photo identity card issued by the Govt. or by ICAI at the time of registration as articles assistants, to the examination hall, along with the admit card downloaded/printed from the website.

4. How do I print my admit card from the website 

Visit the site Enter the following: Select the examination in which you intend to appear Student registration number or the bar code of the examination form; and Personal Identification Number (PIN) indicated by you in your application form. Your admit card and the “Instructions to Examinees” will appear on the screen. You can then print the same in A 4 size paper.

5. What is PIN? It is the four digit number of your choice which you have entered in your exam form.

It is like a password. Without this, you will not be able to download/print your admit card from the website.

6. I forgot my PIN. What can I do now?

We had advised you, earlier, while you filled up the exam form, to memorise or keep it safe for future reference. We had also advised you to keep a copy of the exam form for reference at a later date, if need be. You can now check the copy of the form for the PIN. You can also call our Helpline numbers of the Exam Dept. or the respective regional office(s) for assistance in the matter.

7. My photograph and/or signature are not there in the admit card. Is it valid?

Yes. It is valid. However, in such cases where your photograph is not on the admit card, you should carry a photo identity card issued by the Govt. or issued by ICAI at the time of registration as articled assistants, failing which you will not be allowed entry into the examination hall. Else, you may get your photograph and signature attested by a Chartered Accountant or a Gazetted Officer on the official letterhead indicating inter-alia the following Name Registration Number Exam Month and Year of exam Roll NO. Medium Group Centre Postal address and carry the same to the examination centre, as proof of your identity.

8. I have downloaded my admit card from the website. However, details therein do not relate to me. What should I do?

Contact the Helpline numbers ( mentioned below) immediately, quoting your registration number, bar code number of your examination form and receipt number issued by the regional office(s), centre opted (with zone, if applicable), telephone number, fax number etc.

9. I have downloaded my admit card from the website. However, details therein are different from what I had filled in my exam application form. What should I do now? 

Send an email or contact the Helpline numbers ( mentioned below) immediately, quoting your registration number, bar code number of your examination form and receipt number issued by the regional office(s), centre opted (with zone, if applicable), telephone number, fax number etc.

10. I have not yet received the physical admit card sent by post by ICAI. What should I do? 

Physical admit cards have already been dispatched. You will be receiving them shortly. However, even if you do not receive them, due to delays in transit, do not worry. You can print your admit card from the website and carry the same to the examination hall. It is also valid.

11. I have not yet received the physical admit card sent by post by ICAI. Can I have a duplicate admit card issued? 

No. Duplicate admit cards will not be issued. However, a print out of the admit card on A4 size paper will be issued, on request, which will be valid for admission to the examination. In fact, you can take a print out of the admit card from the website yourself and use the same.

12. I am not able to print my admit card from the site. What should I do? 

Contact the Helpline numbers (mentioned below) immediately, quoting your registration number, bar code number of your examination form and receipt number issued by the regional office, centre opted (with zone), telephone number, fax number etc.

13. I received my admit card. I have a valid exemption in a paper. However, the admit card does not show that exemption. Will I get the exemption? 

Exemptions granted to you are not shown on the admit card. Please go through the relevant statement of marks of the exam, where in your opinion, you were granted an exemption in a paper(s). So also, “#” symbol printed against the marks of a paper denotes that you have been granted an exemption in that paper, which will be valid for the next three following exams. The result of that group is also shown as “F-EX” ( i..e failed with exemption).Alphabet “E” printed against the marks of a paper denotes that marks of that paper have been brought forward from an exemption granted in that paper in an earlier attempt. If no such symbol (#) is printed against the marks of any paper, even though the marks obtained in that paper may be more than 60, then that indicates that no exemption has been granted in that paper.

14. What are the contact details? 

Help Line Telephone numbers: 0120 3054 851, 852, 853 or 835 Fax 0120 3054 841, 843 E-mail: Intermediate (IPC) candidates : Final candidates : CPT candidates :

Indian Born Satya Nadella Becomes Microsoft CEO

Microsoft has named Satya Nadella, an executive in charge of the company's small, but growing business of delivering software and services over the Internet its new CEO. Company founder Bill Gates is also leaving the chairman role for a new role as technology adviser.
The software company announced Tuesday that Nadella will replace Steve Ballmer, who said in August that he would leave the company within 12 months. Nadella will become only the third leader in the software giant's 38-year history, after founder Bill Gates and Ballmer. Board member John Thompson will serve as Microsoft's new chairman.
Microsoft shares edged up in premarket trading.
Nadella, who is 46 and has worked at Microsoft for 22 years, has been an executive in some of the company's fastest-growing and most profitable businesses, including its Office and server and tools business.
For the past seven months, he was the executive vice president who led Microsoft's cloud computing offerings. That's a new area for Microsoft, which has traditionally focused on software installed on personal computers rather than on remote servers connected to the Internet. Nadella's group has been growing strongly, although it remains a small part of Microsoft's current business.
Analysts hope that he can maintain the company's momentum in the rapidly expanding field of cloud computing while minimizing the negative impact from Microsoft's unprofitable forays into consumer hardware. Major rivals in cloud computing include Google Inc., Inc., Inc. and IBM Corp.
Nadella's appointment comes at a time of turmoil for Microsoft.
Founded in April 1975 by Gates and Paul Allen, the company has always made software that powered computers made by others — first with its MS-DOS system, then with Windows and its Office productivity suite starting in the late 1980s. Microsoft's coffers swelled as more individuals and businesses bought personal computers.
But Microsoft has been late adapting to developments in the technology industry. It allowed Google to dominate in online search and advertising, and it watched as iPhones, iPads and Android devices grew to siphon sales from the company's strengths in personal computers. Its attempt to manufacture its own devices has been littered with problems, from its quickly aborted Kin line of phones to its still-unprofitable line of Surface tablets.
Analysts see hope in some of the businesses Nadella had a key role in creating.
Microsoft's cloud computing offering, Azure, and its push to have consumers buy Office software as a $100-a-year Office 365 subscription are seen as the biggest drivers of Microsoft's growth in the next couple of years. Both businesses saw the number of customers more than double in the last three months of the year, compared with a year earlier.
Those businesses, along with other back-end offerings aimed at corporate customers, are the main reason why investment fund ValueAct Capital invested $1.6 billion in Microsoft shares last year.
Last April, the fund urged investors to ignore the declining PC market — which hurts Microsoft's Windows business — and to focus on the so-called "plumbing" that Microsoft provides to help companies analyze massive amounts of data and run applications essential to their businesses on Microsoft's servers or their own.
"Satya was really one of the people who helped build up the commercial muscle," said Kirk Materne, an analyst with Evercore Partners. "He has a great understanding of what's going on in the cloud and the importance of delivering more technology as a service."
Nadella is a technologist, fulfilling the requirement that Gates set out at the company's November shareholder meeting, where the Microsoft chairman said the company's new leader must have "a lot of comfort in leading a highly technical organization."
Born in Hyderabad, India in 1967, Nadella received a bachelor's degree in electrical engineering from Mangalore University, a master's degree in computer science from the University of Wisconsin, Milwaukee, and a master's of business administration from the University of Chicago.
He joined Microsoft in 1992 after being a member of the technology staff at Sun Microsystems.
One of his first tasks will be integrating Nokia's money-losing handset and services business. Microsoft agreed in September to buy that and various phone patent rights for 5.4 billion euros ($7.2 billion) in one of Ballmer's last major acts as CEO. That deal is expected to be completed by the end of March.
Partly because of Nadella's insider status and the fact that both Gates and Ballmer will remain Microsoft's largest shareholders and for now, company directors, analysts aren't expecting a quick pivot in the strategy of making its own tablets and mobile devices.
Some hope, however, that he will make big changes that will help lift Microsoft stock, which has been stuck in the doldrums for more than a decade. Since Ballmer took office in Jan. 13, 2000, Microsoft shares are down a split-adjusted 32 percent, compared with a 20 percent gain in the S&P 500.
"We do not want to see a continuation of the existing direction for the business, so it will be important that Mr. Nadella be free to make changes," Nomura analyst Rick Sherlund wrote in a note Friday.

ICAI - Format of Revaluation Application for IPCC, Final Exams

There were many formats being circulated on Internet specifying the format for Revaluation. Most of them have been provided with wrong Formats.

ICAI has made it clear that the letter should be precise with only particular required details.

We have contacted the Students Cell of Noida and got the particular format for Revaluation which is as follows:


Sub: Application for Verification of Answer Books

• Student Name
• Student Registration No 
• Exam-Intermediate (IPC)/Final/CPT 
• Month and year of the exam
• Roll No
• Paper(s)/subjects to be verified
• Address for communication 



Top 20 Accounting Firms for CA Articleship

1. Deloitte

It comes as no surprise that Deloitte holds the number one global position. It’s hold on the top spot seems secure for the time being.
Deloitte is located in more than 150 countries, and has over 600 offices in the world. The firm is headquartered in New York City, New York. They have most recently reached the 100-partner milestone when they merged with Curtis Mclean.
Deloitte specializes in audit & assurance, tax, advisory, and risk. They offer a wide range of services that include strategy, financial and technical, and human capital.

2. PwC

Deloitte’s closest competition over the last few years has and continues to be PwC (PricewaterhouseCoopers). PwC comes in as the second largest accounting firm in the world.
PwC has locations in more than 150 countries and more than 750 offices worldwide. Unlike Deloitte, they are headquartered in London.
The firm has most recently merged with Booz & Co, a medium sized consulting firm. The merger was approved on December 23rd, 2013. They offer a wide range of services but they specialize in audit & assurance, tax, and consulting.

3. Ernst & Young

Ernst & young earns the number three position in global accounting firms. This firm operates in more than 150 countries, utilizing more than 700 offices worldwide.
They are globally headquartered in London. In recent history the firm has acquired Greenwich Consulting, adding 7 more offices to its roster, and more experience in strategy consulting.


Holding firm at number four, KPMG comes in as the last of the big 4, but still far ahead of the number five firm on our list.
The firm operates in over 650 offices located in over 150 countries around the world. They are headquartered in Amsterdam, Netherlands.
In recent news, the company has recently merged its Denmark operations with those of Ernst & Young. The merger will allow the company to offer more services to its clients while providing more support for that particular region.

5. Grant Thornton

Grant Thornton UK is number five in the top 20 firms and is an arm of Grant Thornton International. The firm has 26 offices spread across the UK and specializes in audit, tax and advisory services.
Most recently they merged with PFK to bring more services and locations to its clients in the UK. The firm is headquartered in London.

6. BDO

BDO ranks number six and is headquartered in Makati City, Philippines. The firm has more than 1,200 offices in 138 countries. They recently added to their capabilities and offices through the acquisition of Alpern Rosenthal.
The merger will allow BDO to expand its operations in both Pittsburgh and Florida. The firm specializes in audit, tax, and advisory services but has much more to offer its clients.

7. RSM Tenon

(Acquired by Baker TIlly in August 2013)
RSM Tenon Group comes in at number seven out of the top 20 firms in the world.
They are headquartered in London, and currently operate out of more than 700 offices located in more than 100 countries. The firm recently announced the merger of its China firm with that of Crowe Horwath’s Chinese firm to create a new firm called Ruihua China CPA’s.
The new firm has requested to be a member of both Crowe Horwath China and RSM China.

8. Smith & Williamson

Smith & Williamson holds the number eight position in the world. They are headquartered in London, and hold more than 550 offices in over 100 countries.
The company hasn’t merged with any other firms in recent history but is a part of M&A International and Nexia International.

9. Baker Tilly

Baker Tilly is number nine on the top 20 list in the largest firms in the world. They are headquartered in Chicago, hold more than 580 offices in more than 110 countries.
In June 2013 the firm merged with Holtz Rubenstein Reminick LLP. The merger will add 25 firms to Baker Tilly’s already larger list.

10. Moore Stephens

Moore Stephens UK holds the tenth spot on the top 20 list of firms and is headquartered in London.
They are a part of Moore Stephens International which has more than 620 offices in more than 100 countries. The UK division recently merged with Winx, corporate finance, and X-Stra, business consulting.
The merger will allow the firm to expand their corporate finance sector.

11. Mazars

Mazars, headquartered in London, holds the number eleven position. The firm has more than 13,000 employees in more than 70 countries.
They recently merged with Chadwick at their Liverpool and Manchester branches. The merger will allow the company to expand in the area where they did not have a great presence before.

12. Haines Watts

Haines Watts holds the number twelve position on the top 20 firms in the world. They are currently headquartered in London, have more than 60 offices in the region.
The firm is part of Geneva Group international. The company recently merged with Ocean Consultancy Limited.

13. Crowe Clark Whitehill

Crowe Clark Whitehill is headquartered in London, and has more than 160 firms operating in more than 105 countries. They specialize in audit, tax, and advisory services. The firm has not completed any mergers recently, however they did win the Accountancy Firm of the Year award in 2012.

14. Saffery Champness

Saffery Champness is headquartered in London and currently operates out of 12 offices. They are part of Nexia international which has a very large network of firms throughout the world. Saffery Champness specializes in audit, tax, and advisory services. The firm recently acquired 4 other firms in 2012, boosting their performance and rankings.

15. Begbies Traynor

Begbies Traynor is currently ranked as the number fifteen firm out of the top twenty. They are headquartered in Manchester England.
The firm currently operates out of 30 offices across the UK. They specialize in insolvency and global risk partners. They recently sold their tax division to Smith & Williamson

16. UHY Hacker Young

UHY Hacker Young is headquartered in London, and currently operates out of 260 offices across the UK. They are ranked at sixteen out of the top 20 firms in the world.
The firm specializes in tax planning and business growth. Although the firm has grown over the years they haven’t acquiesced or merged with any other firms in recent history.

17. Kingston Smith

Kingston Smith  is number seventeen on the list of top twenty accountancy firms. They are currently headquartered in London and has 7 offices across London and the Southeastern portion of England. In December 2013 the firm merged with PFK.

18. Zolfo Cooper

Zolfo Cooper specializes in advisory and restructuring services. They are headquartered in London and have a plethora of offices around the globe including the UK, US, and other countries. They recently merged with Kroll Inc.

19. MHA MacIntyre Hudson

MHA MacIntyre Hudson is located in Buckinghamshire, UK. They currently operate out of 40 offices across the UK.
They specialize in audit, tax, and governance. The firm most recently merged with Kent firm Larkings which has added six new partners and 2 offices.

20. Johnston Carmichael

Johnston Carmichael is number twenty out of the top 20 accountancy firms in the world. They are headquartered in Aberdeen, Scotland and have 11 offices across the region. The company merged with PFK in September 2013. The firm specializes in audit, tax, and advisory services.

CA Jobs - Accountant Post in NTPC for IPCC Pass-outs

NTPC Limited, India's largest power company is looking for Accountants for its Projects / Stations. The qualifying requirement for the post is under:

Qualification: Qualified CA IPCC / CWA Inter

Experience: One Year Post Qualification experience in relevant areas

Salary Pay: Rs. 15,500 - 34,500

Upper Age Limit: 30 Yrs as on 10.02.2014

Apply at:

View the Full Notification below:

CA Final RTP Nov 2014 - CA Final Nov 2014 RTP

CA Final RTPCA Final Revision Test Papers (RTP) for May 2014 exams has been released by ICAI on 22nd February.

The RTPs will be made available at all regional branches of the ICAI. Students can also purchase the RTPs online through ICAI website.

CA Final May 2014 RTP - Revision Test Papers Download:

Group 1:

Financial Reporting

Strategic Financial Management (SFM)

Advanced Auditing and Professional Ethics

Corporate and Allied Laws

Group 2:

Advanced Management Accounting (AMA)

Information Systems Control and Audit

Direct Tax Laws

Indirect Tax Laws

RTP Nov 2014 CA IPCC RTP Nov 2014, IPCC Syllabus

IPCC Accounts Important Questions, Tips Nov 2014

Group-I Accounting is all about common sense. This is one of the important subjects, because, it helps a lot in securing the required aggregate marks in the group. A few recent facts are stated below:

On a sample survey of last four IPCC exams, it was found out that, if you take 100 students who have secured exemption in Group 1, among those 100, a staggering 60-70 number of exemptions have come from the Accounting subject.

In another survey of students who failed in the May 2013 exam but got an exemption in one or more subject, there are 68% students who have got their exemption only in Accounting.

The trick is choosing a wise material. Recent toppers have stated that, ICAI’s practice manual is the best and that’s what makes the difference.

Important Chapters/Topics:

  • Partnership – Retirement
  • Single Entry
  • Insurance for loss of Profit
  • AS 6,9 and 10
Strategy For Preparing IPCC Accounts

Author: Karan Teli 

We all are very well aware that we have just 3 months left for the next attempt to IPCC or Finals. It`s high time now that we start our preparations to get through with flying colours. Here is some plan which I have prepared for the IPCC guys. Before checking out the same, I would disclaim, at the face of it, that better plans can be chalked out and that to at your own comfort levels.

Each subject is unique in its own terms and matters. Prepare accordingly. Here is for "Paper - 1 : Accounts"


1. Accounting Standards = D S Rawat,
2. Non – AS = P C Tulsian,
3. Revision = Padukas for AS, Practice Manuals, Compilers, Mock Test papers.


Do not Follow more than one book for conceptual learning. Everything would be a mess at the end. You may take up problems from other books if time permits, but solve as per your basic guiding book.


I would simply break the whole accounts in 3 parts –

a. Accounting Standards,
b. Company Accounts,
c. Non – Company Accounts

(a) Accounting Standards, reference material suggested over here is D S Rawat. The only intention is that ICAI has asked us to be equipped with Standards completely and hence there is no other choice other than reading it professionally. This book has the best approach indeed with simplicity.

Simple perception is that, all accounting standards are very well known to us which are asked up in group – 1. We just have to link each standard with another one and gather all information which is scattered at one place in our brains under a particular head called AS. We were much aware of basic accounting principles, valuation of stock, depreciation accounting, construction contracts at CPT level and Intermediate level, know just gather them in a sequence under AS – 1, 2, 6, 7, 10. Similarly when we read CFS, Investments accounting and Amalgamations in depth at (b) level i.e. under company accounts head we can easily gather under the head AS – 3, 12, 14. What`s next is about AS – 9 which is solely dedicated to revenue recognition principles or prudence concept.

(b) Company accounts arena is also not harder. Do you know actually, accounting subject is not tough for people who say accounts is easy for me? It`s just creation of positivity and love for the subject. The whole of company accounts is based on journal entries only. Before starting up, it is required to make our base very harder and see that we can generate journal entries for nay complex and compound transaction. Most of this form basics to presentation and reporting areas like preparation of P&L, BS, CFS, Amalgamations.

(c) This area of accounts comprises nothing but the residual part. Even the most scoring stuff is seen here like Single entry system (almost equal to a puzzle game if accounts is your cup of tea), Average due date & Account Current, Self Balancing Ledgers, Basics of Partnership, NPO accounting and Environmental accounting.

A simple order to Accounts at group – 1 is as follows,

1. Accounting Standards,
2. Environmental accounting (compulsory question),
3. CFS,
4. Amalgamations,
5. Single Entry,
6. Profit prior to incorporation,
7. NPO accounting,
8. Special cases accounting,
9. Partnership,
10. ADD, AC & SBL`s.
11. Point 1 to Point 6 would cover almost 65 marks of the paper at group – 1.

Coming up next = Paper - 2 "Business laws, Ethics and Communications"

Good Luck.

Karan Teli
(Life is just an Illusion)



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