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New torch bearers of ICAI for the year 2024-25:
President - CA. Ranjeet Kumar Agarwal
Vice President - CA. Charanjot Singh Nanda
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4 key mistakes to avoid during CA exam preparation:
1. 📝 Not practicing writing answers for practical subjects:
- Just reading or orally revising is not enough.
- You must practice writing at least 2-3 times for each practical question.
- Writing practice improves speed and confidence for exams.
2. 🧠 Relying only on rote learning for theory subjects:
- Don't just memorize, understand the concepts.
- You will get more conceptual and application-based questions now.
- Write 1 theory question daily for practice.
3. 💤 Not revising theory subjects enough:
- Revise a chapter, read a new one, re-revise the old one - follow this.
- Spend 2 hours every morning revising one theory subject at a time.
4. 😥 Starting preparation too late, leaving portions:
- Don't lose hope! Make the best use of the time you have.
- These 3 months can make or break your future if you stay determined.
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NATURE OBJECTIVE AND SCOPE OF AUDIT
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❇️ CA Final Audit & PE Compiler + Question Bank :
✍️For May & Nov 24 Attempt as per New Syllabus :
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Importance of Compliance and System audit in current environment
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Word of the Day
Industry P/E
Industry P/E refers to the average Price-to-Earnings ratio of companies within a specific industry.
To find the industry P/E ratio, you would add up the P/E ratios of all the companies within the industry and then divide by the total number of companies.
This gives you the average P/E ratio for the industry.
Investors compare individual company P/E ratios to the industry average to check if a company might be undervalued or overvalued.
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ICAI-Commonly-Found-Errors-in-Reporting-Practices
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🪄CA/CMA Final GST Amendments May 2024:
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❇️CA Final AFM Theory Colorful Notes :
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❇️ CA Final FR concepts Notes 2024 :
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Word of the Day
Step-Up SIP
A Step-Up SIP refers to an SIP feature where the investment amount increases at regular intervals over a pre-decided period.
In a traditional SIP, the investor contributes a fixed amount regularly.
However, a Step-Up SIP feature allows the investor to increase the investment amount periodically e.g. - annually or semi-annually.
This is beneficial for investors who want to align their investments with their growing financial capacity.
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Company List For Campus Placement
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Changes introduced in ITR Forms for Assessment Year 2024-25 👇
Source Taxmann india
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