ABC ANALYSIS OF CA FINAL FR FOR MAY 2022 EXAMS

SN Topic Name May-18 Nov-18 May-19 Nov-19 Nov-20 Jan-21 July-21 Dec-21 Remarks Category
MODULE 1
Frame Work for This Chapter has been revised by ICAI for May 22
1 - - 5 - - - - - C
Preparation onwards. Capital Maintenance Questions are Imp
One full-fledged question was asked in May 2019 and
IND AS 1 & Analysis of Nov 2019 in which students are required to identify the
2 - - 20 12 - - 4 A
FS mistakes in the financial statements and prepare the
correct financial statements.
Questions requiring preparation of statement of cash flow
3 IND AS 7 - - - - 8 5 6 B
statements are asked from this IND AS
Question from this IND AS is not asked in exam till date.
4 INDAS 8 - C
In Dec 21, One Question was asked on IndAS 40 & 8
Accounting treatments and disclosure requirements of the
5 IND AS 10 - - - 8 - 13 C
evets held after the end of the reporting period.
Calculation of Correct Np of Quarter; Correct Tax Exp
6 IND AS 34 - 5 4 - 6 - 6 4 B
Quarterwise
7 IND AS 113 - 5 - 8 - - - 4 Fair Valuation of Asset/Share C
Questions requiring Accounting treatments of government
8 IND AS 20 - 5 4 4 - - - - grants are asked from this IND AS. Grant in the form of B
Low Rate of Interest are also Imp
Questions Based on Either Equity Settle with Perf.
9 IND AS 102 10 8 8 8 5 12 12 6 Conditions or SAR based or Equity with Cash Alternative. A
In July 21 Cancellation of Equity Option was asked
10 IND AS 101 - - - - - - 8 Transition based questions C
This chapter is most important. Students are advised to
11 IND AS 115 revise all types of questions from the module. And also A
students can refer the important questions list.

Step 1: Identify the

- - - - - -
contract with customer

Step 2: Identify the

performance obligation - - - - - -
of the contract

Step 3: Determine the

- - - - 14 - 12 10 THIS IS MOST IMP CATEGORY
transaction price.
Step 4: Allocate the
transaction price to the
performance - - - - - 12 -
obligations in the
contract.
Step 5: Recognize
revenue when (or as)
the entity satisfies its - - 5 - - -
performance
obligations.

In Nov 2019 Exam the students are required to prepare

Other Miscellaneous - 12 4 - the financial statements extracts of the construction
company in respect of two construction contracts.
 MODULE 2
Questions requiring calculation of the value of the closing
12 IND AS 2 4 - - - 4 - 5 5 B
stock are asked from this IND AS
Questions requiring Calculation of depreciation and value
13 IND AS 16 10 8 - 8 - 5 8 A
of the asset are asked from this IND AS.
14 IND AS 23 - - - 8 - - A
15 IND AS 36 - 15 4 - 8 - - - Questions on CGU Impairment or Revalued Machine A
Questions are asked about whether the transaction
16 IND AS 38 - - 5 - - 10 - B
classifies as creation of the intangible asset or not.
RECLASSIFICATION BASED QUESTIONS ARE MOST
17 IND AS 40 8 - - - - - 8 - B
COMMON
Questions based on Grants or Valuation of
18 IND AS 41 - - - 4 - 4 9 - B
Animals/Cattle
One important question about Disposal of the department
19 IND AS 105 - 8 - 10 - - - - A
or a unit can be asked in exams.
This chapter is most important. Students are advised to
20 IND AS 116 revise all types of questions from the module. And also A
students can refer the important questions list.
Accounting in books of
- - - - - 6 - - Whether Op or Fin. Lease
lessor
Accounting in books of In December 2021 Exam Question was asked about the
- - - - - - - 10
lessee Subsequent Measurement Using Cost Model.
In July 2021 Exam the question was asked about whether
Covid 10 Rent
- - - - - - 4 - the rent consession/deferral is eligible for practical
Concession
expedient or not.
Sale & Lease Back - - - - 8 - - -
 MODULE 3
both times questions based on Short Term Compensation
21 IND AS 19 - - 5 - 6 - - - absence has been asked. DBO type Questions are also A
imp.
22 IND AS 37 - 4 - - - - - - Only one question is asked about the executory contracts C
This chapter is important. Students are advised to revise
all types of questions from the module. And also students
23 IND AS 12 - - - - 6 4 - 5 B
can refer the important questions list. Refer Question
asked in Nov. 20 Exam specially
Foreign to fuctional and Fuctional to presentation
24 IND AS 21 - - 5 4 - - 5 5 A
currency, Net investment in Forgn. operation
25 IND AS 24 - - - - - - - - Question from this IND AS is not asked in exam till date C
Questions requiring Calculation of Basic and diluted EPS
26 IND AS 33 - - - - 8 - 8 8 A
are asked from this IND AS
Questions on Either Threshold limit for Reportable
29 IND AS 108 10 - - - 6 6 6 - B
Segments and Segment Reporting
Mostly questions are asked from topic Equity and debt
30 IND AS 32/109 A
component of liability
Financial Asset - 4 - 4 12 14 14 5 Loan to Staff
In December 2021 Exam question was asked about the
Equity and debt
Modification/Extinguishment A/c of the Financial
component of liability - 16 12 10 6 - 11 12
Instruments. In Nov 2020 Exam the question was asked
& Modification of Debt
about the Equity and debt component of liability

Derivative Instruments 8 - - - - 5 - - Identification of Derivatives, Forward Ex. Contracts

In December 2021 Exam question was asked about the
Loan to Subsidiary at
8 - - - - - - 12 Loan by Holding to Subsidiary for 12 Marks & Security
Concessional Rate
Deposit (Fin. Asset) for 5 Marks
 MODULE 4
This chapter is most important. Students are advised to
IND AS 103 & IND AS
31 revise all types of questions from the module. And also A
110
students can refer the important questions list.
It is the normal acquisition question where the students
Normal Consolidation
15 - 15 16 - 15 - - are required to prepare the consolidated financial
Questions
statements of the parent company after consolidation
Chain Holding - 16 - - - - 16 -
Reverse Acquisition - - - - - - - 14
Demerger 10 - - - - - - - One department of the entity is sold to another entity
Other small question include calculation of Goodwill/Gain
from bargain purchase, Fair value of Investment etc. In
Other Small Questions - 4 - 4 8 - 5 5
Nov 2019 question it was asked to Suggest the
accounting treatment along with the reasons.
32 INDAS 27 - - - - - - - - Question from this IND AS is not asked in exam till date C
This chapter is most important. Students are advised to
33 IND AS 28 revise all types of questions from the module. And also A
students can refer the important questions list.
Investment in Equity Method Quesitons and Associate converted to
- - 20 - 6 5 - -
Associates Subsidiary
Joint Ventures - - - - - - - - No Question is asked till Dec 21
Only one question is asked about whether the given
34 IND AS 111 - - - - 4 - - - arrangement satisfies the conditions of the joint A
arrangement or not.
Amendmens in CSR and limits are important. Questions
35 CSR 8 4 - - 5 6 6 - A
are frequently asked on that
36 Integrated Reporting - - - - - - Question from this IND AS is not asked in exam till date C