CS Executive Company Accounts & Auditing Practices PYQ June 2015: Question Paper and Available Answers
CS Executive
Company Accounts & Auditing Practices
PYQS Series
June 2015
27 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Company Accounts & Auditing Practices PYQS (June 2015). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- State the order of payment to be followed by liquidator.
- State the drawbacks of adopting shareholder value added (SVA) approach.
- Prosperous Bank has a criterion that it will give loans to companies that have an economic value added (EVA) greater than zero for the past three years on an average. The bank is c
- State the purposes for which balance in the securities premium account may be applied.
- Explain the procedure for reduction of share capital.
- Explain the convergence of Indian Accounting Standards (IAS) with International Financial Reporting Standards (IFRS).
- Differentiate between 'net assets method' and 'net payment method' of computation of purchase consideration for accounting for amalgamation.
- Discuss the circumstances under which valuation of shares is necessary.
- What are the key features of statement of profit and loss as per Schedule III of the Companies Act, 2013?
- From the following particulars, calculate goodwill on the basis of 3 years purchase of super profits: (i) Capital employed: ₹50,000 (ii) Trading profit (after tax): 2011: ₹12,200,
- What are the disclosure requirements as per AS-18 for a related party transaction?
- Under what circumstances, an amalgamation is classified as an 'amalgamation in the nature of merger'?
- The following balances appeared in the books of Bright Ltd. as on 1st April, 2013: (a) Sinking fund account ₹50,000 (b) Sinking fund investment account ₹48,000 (10% government secu
- Following is the balance sheet of Tulika Ltd. as on 31st March, 2014: I. EQUITY AND LIABILITIES (1) Shareholders' funds (a) Share capital Authorised capital 20,000 equity shares of
- Green Ltd. was established on 1st August, 2013 and received its certificate of commencement of business on 1st November, 2013. The company bought the business of Purple & Co. with
- Time Ltd. went into liquidation on 31st March, 2014 and its position on that date was as under: (i) 50,000, 10% Preference shares of ₹10 each fully paid (ii) 70,000 Equity shares o
- Prepare the consolidated balance sheet from the following balance sheets of H. Ltd. and S. Ltd. : I. EQUITY AND LIABILITIES (1) Shareholders' funds (a) Share capital Equity shares
- Rose Ltd. is taking over entire business of Lily Ltd. on the basis of following balance sheets as at 31st March, 2014: I. EQUITY AND LIABILITIES (1) Shareholders' funds (a) Share c
- Explain the penal provisions applicable to auditors under the Companies Act, 2013.
- What are the important matters which an auditor should ensure to ascertain and establish true and fair view?
- Differentiate between 'secretarial audit' and 'internal audit'.
- Explain the procedure of fraud reporting by an auditor as per the Companies Act, 2013.
- What are the techniques of internal control system? Discuss with examples.
- What is audit in-depth? Mention the various stages in purchase of goods.
- What are the points for consideration in audit planning in relation to the audit engagement?
- What precautions should be taken while adopting test checking ?
- Distinguish between 'audit' and 'investigation'.
How to Prepare for CS Executive Company Accounts & Auditing Practices
Use past questions to practise the paper format and review available answers. Check the current syllabus, applicable law and examination duration before attempting a timed paper.