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π«‘ Guys today's Jharkhand IBS was below average... Mostly Qns Ditto from Books π
IBS Paper (14.11.24 Postponed due to by-election) - Easy/Below Average
Life is unfair π
May24 V/s Nov24
13th Nov V/s 14th Nov
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π«‘ Guys today's Jharkhand IBS was below average... Mostly Qns Ditto from Books π
IBS Paper (14.11.24 Postponed due to by-election) - Easy/Below Average
Life is unfair π
May24 V/s Nov24
13th Nov V/s 14th Nov
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Repost from CA Only π¦
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βΌοΈ This is seriously URGENT & IMPORTANT
Email this Mail to ICAI to get marks for incorrect question
1. FR
https://t.me/caonly/10335
2. AFM
https://t.me/caonly/10331
3. IBS
https://t.me/caonly/10341
4. Audit
https://t.me/caonly/10343
These messages are forwarded by renowned faculties on their channel.
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Subject: Clarification and Resolution Request for Errors in CA Final Nov 2024 - Paper 3 (Advanced Auditing and Professional Ethics)
Dear Sir/madam,
I would like to bring to your attention that in the Nov'24 Advanced aditing paper, there may be an error in data given for the MCQs & due to which the question itself appears to be incorrect, and based on the relevant provisions, none of the answer options provided are accurate
I kindly request that grace marks be considered for this MCQ.
RELEVANT PARA OF CASE SCENARIO
You are informed that the basic approach of capital adequacy framework is that a bank should have sufficient
capital to provide as table resource to absorb any losses arising from the risks in its business. You have
observed that Capital is divided into tiers according to the characteristics/qualities of each qualifying
instrument. For supervisory purposes capital is split into two categories: Tier I and Tier II, representing
different instruments' quality as capital.
You have calculated Eligible total capital funds comprising -
1. Tier I capital of Share capital βΉ 200 Crore. and disclosed Reserves βΉ 20 Crore.
2. Tier II capital of Other Reserves βΉ 30 Crore. and subordinated debt. βΉ 20 Crore.
The Risk weighted assets constitute βΉ 25 Crore; while Off-balance sheet items are βΉ 5 Crore.
QUESTION ASKED:
Based on facts given in para (i), you are required to arrive at the correct percentage of Capital Risk Adequacy
Ratio for the Maha Bank Limited
(a) 9%
(b) 10.80%
(c) 8.33%
(d) 10%
The formula for CRAR is (Tier 1+Tier 2 capital)/Risk weighted assets. Applying the formula the ratio comes out to (270/30)*100 i.e. 900% which appears to be wrong.
Thank you for your attention to this matter.
Sincerely,
Your Name
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βΌοΈ This is seriously URGENT & IMPORTANT
Email this Mail to ICAI to get marks for incorrect question
1. FR
https://t.me/caonly/10335
2. AFM
https://t.me/caonly/10331
3. IBS
https://t.me/caonly/10341
These messages are forwarded by renowned faculties on their channel.
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For IBS :-
To- examfeedback@icai.in
Subject: Clarification and Resolution Request for Errors in CA Final Nov 2024 - Paper 6 (Integrated Business Solution )
Dear Sir/Madam,
I am writing to bring to your attention certain errors and ambiguities encountered in the CA Final Nov 2024 examination, specifically in Paper 6 - Integrated Business Solution . I hope this letter will help initiate a prompt resolution to these concerns.
Below are my details for your reference:
- Name :
- Registration Number :
- Roll Number :
- Email ID :
- Mobile Number :
Observations and Concerns:
Case study 2,
Question 2.8, For calculation of variance incomplete data is given,
Actual labour hours are not given in the case study, only actual units are given which created confusion and hindered the ability to accurately respond to the question.
With all due respect, I kindly request that my observations be taken into consideration for the above-mentioned questions. I trust in the diligence and professionalism of ICAI to address these concerns and ensure a fair outcome for all candidates affected by these ambiguities.
Thank you for your time and consideration.
Regards,
Your Name
Repost from CA Only π¦
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βΌοΈ This is seriously URGENT & IMPORTANT
Email this Mail to ICAI to get marks for incorrect question
1. FR
https://t.me/caonly/10335
2. AFM
https://t.me/caonly/10331
These messages are forwarded by renowned faculties on their channel.
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Repost from CA with Barun
Tough, out of box and most importantly excessively lengthy IBS paper! Even before it was tested for first time in May 24 I had written a long mail and explained the issues in this paper and even given possible solutions to it (link for proof- https://t.me/cawithbarun1/35) and even tried to circulate it to best of my abilities. Anyway, IF YOU WISH u can go through it again, make necessary changes since it will need modification in 1 or 2 points and mail it to authorities and raise your voice on twitter also. These are the only two options. Rest don't expect anything from ICAI .. They are adamant people hell bent on taking this stupid paper.
Anyway, guys exams are over now.. This attempt was overall difficult one but if u survived everything and reached till here u already won a lot of battles. Pat yourself on your back for that! Sometimes its all about the journey you make. The process you went through must have taught you a lot about yourself and the exam itself.
Time to reflect, relax and enjoy! π§ββοΈ
Hopefully all the help in any form I could do in your journey was of some help to you!! Please leave a msg if it was and feel free to connect! βΊοΈ Until next time! Adios! π
@cawithbarun1
Repost from CA with Barun
PAPER 6 IBS ISSUES- A REQUEST TO ICAI.
IBS has become a painful reality for many. This is the copy of a mail in pdf format highlighting the issues and giving possible solutions. Read the ENTIRE pdf before making your judgement. If you like and support the cause then plz copy the mail part and send it to ICAI. Don't forget to share it with your faculties and friends. If you donβt have any issues with the existing IBS paper itβs your choice and we respect it. But, we request you to not spread hate.
But, if you opt not to mail because of the reason of fear then plz don't worry.. It is a request mail to ICAI only. So relax! Also plz don't stop studying for this paper. If any change happens great, if not u should still be able to score well in this paper!
#ibs
#CHANGEIBS
βΌοΈ This is seriously URGENT & IMPORTANT
Email this Mail to ICAI to get marks for incorrect question
1. FR
https://t.me/caonly/10335
2. AFM
https://t.me/caonly/10331
3. IBS
https://t.me/caonly/10341
4. Audit
https://t.me/caonly/10343
These messages are forwarded by renowned faculties on their channel.
We do not endorse advertisements on our channel. We warmly encourage you to support us by joining us on social platforms ππ
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Please do following Email at examfeedback@icai.in and bos@icai.in
Also share with all your friends
Subject: Request for Grace Marks Due to Error in CA Final Exam MCQ
Dear ICAI,
I would like to bring to your attention that I recently appeared for the CA Final November exam, and I identified an error in one of the MCQs in the Financial Reporting paper. The question itself appears to be incorrect, and based on the relevant IND AS, none of the answer options provided are accurate.
I kindly request that grace marks be considered for this MCQ.
Please find below the details of the case scenario and the specific MCQ in question:
Case Scenario:
Tara Ltd. is engaged in mining and various other industries, following Indian Accounting Standards with an April-March financial year. During the year 2023β2024, the company encountered certain issues for which they seek professional advice.
Relevant Paragraph of the Case Scenario:
On 1st April 2023, Tara Ltd. leased a machine from Dara Ltd. for three years, with an expected future economic life of eight years. Under the lease terms, Dara Ltd. would repair or replace the machine in case of breakdowns. Dara Ltd. also allowed Tara Ltd. to use the machine rent-free for the first six months as an incentive. Thereafter, lease rentals of βΉ4,20,000/- are payable every six months in arrears, with the first payment due on 31st March 2024.
MCQ in Question:
Calculate the current liability for the machine lease from Dara Ltd. to be shown on the balance sheet as of 31st March 2024.
Options:
(A) βΉ1,40,000
(B) βΉ2,80,000
(C) βΉ7,00,000
(D) βΉ8,40,000
Thank you for your attention to this matter.
Sincerely,
Your Name
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β
β
examfeedback@icai.in
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βΌοΈβΌοΈ Do this on priority
β
Do mail ICAI to get marks in AFM WRONG Question - otherwise kuch bhi assumption leke suggested aaajayega !!
Draft mail here
https://t.me/caonly/10331
Mail at - examfeedback@icai.in
Subject: Clarification and Resolution Request for Errors in CA Final Nov 2024 - Paper 2 (Advanced Financial Management)
Dear Sir/Madam,
I am writing to bring to your attention certain errors and ambiguities encountered in the CA Final Nov 2024 examination, specifically in Paper 2 - Advanced Financial Management. I hope this letter will help initiate a prompt resolution to these concerns.
Below are my details for your reference:
- Name :
- Registration Number :
- Roll Number :
- Email ID :
- Mobile Number :
Observations and Concerns:
Q2(b)
The discount rate necessary for calculating the present value is missing. This omission created confusion and hindered the ability to accurately respond to the question.
Q5(a)
- The question provided two discount rates, 15% and 12%, but did not specify which rate pertains to the Rupee and which to the Dollar, causing significant ambiguity.
- Although the question states that there is no salvage value, a net surplus of 1858.08 lakhs is mentioned as receivable after the project closure (post-5 years). If this amount is not intended as salvage value, it may be expected as the NPV. However, this interpretation also seems improbable given it is receivable after 5 years.
- Additionally, the question requests the calculation of the recommended forward rate but does not clarify if this calculation is required for each year, further complicating the interpretation.
- Due to these ambiguities, a considerable amount of time was lost attempting to decipher the intent of the question.
With all due respect, I kindly request that my observations be taken into consideration for the above-mentioned questions. I trust in the diligence and professionalism of ICAI to address these concerns and ensure a fair outcome for all candidates affected by these ambiguities.
Thank you for your time and consideration.
Regards,
Your Name
IBS paper should be removed ? Chaos at centres ? Paper started late at many centres ? What type of paper is this ? What type of useless thing is this ? What sense does it make ? What they want ?π«‘
