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Suggested answer November 2020 - Accounting

 This blog contain suggested answer of both old and new course intermediate accounting, please scroll down to your interested course.

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Suggested answers May 2019 - Strategic Financial Management

Theory 7 (a) Credit rating is a very important indicator for prudence but it suffers from certain limitations. Some of the limitations are: (i) Conflict of Interest – The rating agency collects fees from the entity it rates leading to a conflict of interest. Since the rating market is very competitive, there is a distant possibility of such conflict entering into the rating system. (ii) Industry Specific rather than Company Specific – Downgrades are linked to industry rather than company performance. Agencies give importance to macro aspects and not to micro ones; overreact to existing conditions which come from optimistic / pessimistic views arising out of up / down turns. At times, value judgments are not ruled out. (iii) Rating Changes – Ratings given to instruments can change over a period of time. They have to be kept under constant watch. Downgrading of an instrument may not be timely enough to keep investors educated over such matters. (iv) Corporate Governance Issu...
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Similarities between Delhi and Sikkim

 Delhi and Sikkim are although very different in terms of culture, tradition and food however both have some similarities. The first similarity is the area, both Delhi and Sikkim are small where as Sikkim ranks twenty seventh in terms of covered area and similarly Delhi ranks thirty first in terms of covered area. There is high literacy rate in Delhi and Sikkim, Delhi literacy rate is 86.21% and Sikkim's literacy rate is 82.6% which is also thirteenth in rank. Delhi and Sikkim have high human development index, Delhi ranks Fifth with 0.746 HDI and Sikkim ranks tenth with 0.716 HDI. Both Delhi and Sikkim comes in Northern portion of India and shares almost same latitude. Both Delhi and Sikkim are great heritage of culture and language hub.
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ICAI Suggested Answers Links

Course Paper Suggested Answers CA Final OLD Paper – 1 : Financial Reporting https://www.icai.org/post.html?post_id=10135 CA Final OLD Paper – 2 : Strategic Financial Management https://www.icai.org/post.html?post_id=10139 CA Final OLD Paper – 3 : Advanced Auditing and Professional Ethics https://www.icai.org/post.html?post_id=10145 CA Final OLD Paper – 4 : Corporate and Allied Laws https://www.icai.org/post.html?post_id=10150 CA Final OLD Paper – 5 : Advanced Management Accounting https://www.icai.org/post.html?post_id=10158 CA Final OLD Paper – 6 : Information Systems Control and Audit https://www.icai.org/post.html?post_id=10164 CA Final OLD Paper – 7 : Direct Tax Laws https://www.icai.org/post.html?post_id=10252 CA Final OLD Paper – 8 : Indirect Tax Laws https://www.icai.org/post.html?post_id=10253 CA Final NEW Paper-1: Financial Reporting...
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