KS Academy’s

KS Academy’s

CA Final – November 2021 exam

SAP (Speed, Accuracy & Presentation) examfor

Contents

14

3 Overview of SAP exam

5 Date sheet for weekly test

9 Syllabus for weekly test

13 Date sheet for Model exam

14 Online registration & fee payment

Contact details

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Overview of SAP exam

• SAP exam is a comprehensively crafted test series which comprises of 20 chapter-wise weekly tests, 4 consolidation tests and 8 model exams.

• The schedule and syllabus has been developed and structured by a team of Chartered Accountants to steer the efforts of every student in the right direction to qualify the ICAI main exam with ease.

Exciting rewards

Evaluation by a CA within a week along

with evaluator comments

Question papers strictly in adherence

with ICAI pattern

Includes thoughtfully

curated KSA’s RTP

Includes case study based MCQ questions

Answer key withallocation of step

marks

Proven 95% success rate in ICAI main exams for

students with 55% overall score in SAP

Referral to Big4 firms for employment even before ICAI main exam results for

students scoring > 55% (overall) in SAP

Co

reo

fSA

P

What is SAP?

Why SAP?

Rewards

30% fee concession in certification courses at KS Academy



3

The funnel to success

Overview of SAP exam

Students are suggested to prepare from the following materials:

• ICAI study material

• ICAI’s revision test papers (Minimum of last 3 attempts)

• ICAI’s mock test papers (Minimum of last 3 attempts)

• KSA’s revision test papers

Recommended materials

20 Chapter-wise Weekly Tests

Chartered Accountant

4 Consolidation tests

8 Model exams

• Entire syllabus is broken down into 20 weekly tests which is covered comprehensively over 10 weeks.

• Consolidation tests conducted in the 4th and the 8th week provides the opportunity for students to revise the portions of previously held weekly tests (i.e. week 1 to week 3 and week 5 to week 7 respectively).

• Model exams are conducted in an exam conducive environment and question papers are strictly in adherence with ICAI pattern.

• Qualify as a Chartered Accountant after becoming successful in the main exam conducted by ICAI.

Important instructions

• SAP will be conducted in offline mode (appearing for the exam at the exam centre). In the event of extension of lockdown by government, it will be conducted in online mode through zoom.

• If the SAP is conducted in offline mode (at exam centre):

- Hall tickets are mandatory for writing the exam. The same will be issued at the exam venue.

- Students will not be allowed inside the exam hall after 30 minutes from the commencement of exam.

- Fee once paid is not transferrable or refundable under any circumstances.

- Exam venue will be communicated through SMS and Whatsapp groups 10 days prior to the exam date.

• If the SAP is conducted in online mode (through zoom):

- Username and password of the portal will be intimated to the students a week before the exam date.

- Question papers will be uploaded in the portal 15 minutes before the scheduled start time of the exam.

- Students can login to the portal with their username and password to access the question paper.

- Two devices (mobile or laptop) are required to write the exam i.e. one for viewing the question paper and the other to virtually invigilate the student through zoom.

- Answer booklets will be couriered by KS Academy to the students 1 week before exam date.

- Upon completion of exam, students are supposed to upload their answer sheets by scanning them.

- Answer sheets must be uploaded within 15 minutes from the scheduled end time of the exam.

4

Date sheet for weekly test

5

Chapter-wise weekly test - 1 (10 am to 1 pm)

Chapter-wise weekly test - 2 (3 pm to 6 pm)

Subject

ICAI weightage

(Estimated) (%)

SAP weightage (Actuals)

(%)

Subject

ICAI weightage

(Estimated) (%)


(%)

a) Financial Reporting

10 30a) Strategic Cost Mgt. & PE

5 30

b) Strategic Financial Management

8-10 30b) Direct Tax Laws & Intl. taxation

5-10 30

c) Advanced Auditing & Prof. ethics

15-20 40c) Indirect Tax Laws

15-20 40

11-Jul-2021(Sunday)



Subject

ICAI weightage

(Estimated) (%)


(%)

Subject

ICAI weightage

(Estimated) (%)


(%)


5 30a) Strategic Cost Mgt. & PE

5-10 30



15 30



20-30 40

18-Jul-2021(Sunday)



Subject

ICAI weightage

(Estimated) (%)


(%)

Subject

ICAI weightage

(Estimated) (%)


(%)


5-10 30a) Strategic Cost Mgt. & PE

5-10 30



5-10 30



20-25 40

25-Jul-2021(Sunday)

Weekly test Consolidation test


6

Consolidation test – 1 (C-1)(10 am to 1 pm)

Consolidation test - 2 (C-2)(3 pm to 6 pm)

Subject

ICAI weightage

(Estimated) (%)


(%)

Subject

ICAI weightage

(Estimated) (%)


(%)



15-20 30



25-35 30



55-75 40

01-Aug-2021(Sunday)



Subject

ICAI weightage

(Estimated) (%)


(%)

Subject

ICAI weightage

(Estimated) (%)


(%)



20-25 30



10-15 30

c) Corporate & economic laws

25-35 40 c) Elective paper - 40

08-Aug-2021(Sunday)



Subject

ICAI weightage

(Estimated) (%)


(%)

Subject

ICAI weightage

(Estimated) (%)


(%)



5 30



15-20 30



15-Aug-2021(Sunday)



7


Chapter-wise weekly test - 12(3 pm to 6 pm)

Subject

ICAI weightage

(Estimated) (%)


(%)

Subject

ICAI weightage

(Estimated) (%)


(%)



5 30



5-10 30



22-Aug-2021(Sunday)

Consolidation test – 3 (C-3)(10 am to 1 pm)

Consolidation test - 4 (C-4)(3 pm to 6 pm)

Subject

ICAI weightage

(Estimated) (%)


(%)

Subject

ICAI weightage

(Estimated) (%)


(%)



30-35 30



30-45 30



29-Aug-2021(Sunday)



Subject

ICAI weightage

(Estimated) (%)


(%)

Subject

ICAI weightage

(Estimated) (%)


(%)



10 30



10-15 30



15-25 40

05-Sep-2021(Sunday)



8



Subject

ICAI weightage

(Estimated) (%)


(%)

Subject

ICAI weightage

(Estimated) (%)


(%)



5-10 30



5-10 30



12-Sep-2021(Sunday)



Subject

ICAI weightage

(Estimated) (%)


(%)

Subject

ICAI weightage

(Estimated) (%)


(%)



10 30



5-10 30



10-20 40

19-Sep-2021(Sunday)



Subject

ICAI weightage

(Estimated) (%)


(%)

Subject

ICAI weightage

(Estimated) (%)


(%)



10-15 30



5 30



26-Sep-2021(Sunday)


Syllabus for weekly testTest No.

Subject Topics

1


• Ind AS 16 - Property, Plant and Equipment• Ind AS 36 - Impairment of Asset• Ind AS 38 - Intangible Assets• Ind AS 40 - Investment Property• Ind AS 41 – Agriculture


• Security valuation (Equity and Bond Valuation)


• SA 200 series• Audit planning, strategy and execution• Risk assessment and internal control• Internal audit, management and operational Audit• Audit of banks

2

a) Strategic Cost Mgt. & PE

• Modern business environment

b) Direct Tax Laws & Intl. taxation

• Basic concepts• Residence and scope of total income• Income which do not form part of total income• Salaries• Income from house property

c) Indirect Tax Laws

• GST in India - An introduction• Supply under GST• Charge of GST• Exemptions from GST

3


• Ind AS 2 - Inventories• Ind AS 20 - Government grants• Ind AS 23 - Borrowing cost• Ind AS 105 - Non-current assets held for sale and discontinued operations


• Mergers, acquisitions and corporate restructuring


• Company audit• Audit reports• Audit committee and corporate governance• SA 600 series, SA 700 series

4


• Decision making


• Profits and gains of business or profession


• Place of supply• Time of supply• Value of supply• Input tax credit

5


• Ind AS 1 - Presentation of financial statements• Ind AS 7 - Statement of cash flows• Ind AS 8 - Accounting policies, changes in accounting estimates and errors• Ind AS 10 - Events after the reporting period• Ind AS 34 - Interim financial reporting• Ind AS 108 - Operating segments


• Mutual funds• Securitization


• Professional ethics• Special aspects of auditing in an automated environment• Audit of public sector undertaking• SA 500 series

9


Subject Topics

6


• Performance measurement and evaluation


• Capital gains• Income from other sources


GST:• Import and export under GST• Registration• Tax invoice, credit and debit notes• Accounts and records; E-way billCustoms & FTP:• Levy of and exemptions from customs duty• Types of duty• Classification of imported and export goods• Valuation under the customs Act, 1962

C-1

a) Financial reporting • Consolidated portions of 1st weekly test to 6th weekly test


• Consolidated portions of 1st weekly test to 6th weekly test

c) Advanced auditing & prof. ethics


C-2





c) Indirect Tax Laws • Consolidated portions of 1st weekly test to 6th weekly test

7 a) Financial Reporting

• Ind AS 37- Provisions, contingent liabilities and contingent assets• Ind AS 19- Employee benefits• Ind AS 24- Related party disclosures• Ind AS 113- Fair value measurements


• Derivative analysis and valuation


• Appointment and qualification of directors• Appointment and remuneration of managerial personnel• The Arbitration and Conciliation Act, 1996• Prevention of Money Laundering Act, 2002

8a) Strategic Cost Mgt. & PE

• Cost management techniques• Cost management for specific sector


• Income of other persons included in assessee’s total income• Aggregation of income, set-off and carry forward of losses• Deductions from gross total income• Deduction, collection and recovery of tax

c) Elective paper

• Paper 6A- Chapter 1, 2• Paper 6B- Chapter 1, 2, 3, 4• Paper 6C- Chapter 1, 6• Paper 6D- Chapter 1• Paper 6E & 6F- One case study

9 a) Financial Reporting• Ind AS 102 - Share based payment• Ind AS 12 - Income taxes• Ind AS 21 - The effects of changes in foreign exchange rates


• Foreign exchange exposure and risk management


• The Securities Exchange Board of India Act, 1992 and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015

• SARFAESI, 2002

10

10


Subject Topics

10


• Divisional transfer pricing


• Assessment of various entities• Charitable or religious trusts and institutions, political parties and electoral trusts

c) Elective paper

• Paper 6A- Chapter 3, 4• Paper 6B- Chapter 5, 6, 7, 8• Paper 6C- Chapter 2• Paper 6D- Chapter 2• Paper 6E & 6F- One case study

11


• Ind AS 27 - Separate financial statements• Ind AS 28 - Investments in associates and joint ventures• Ind AS 110 - Consolidated financial instruments• Ind AS 111 - Join arrangements• Ind AS 112 - Disclosure of interests in other entities• Ind AS 103- Business combinations


• International financial management


• Meetings of board and its powers• Inspection, inquiry and investigation• Compromises, arrangements and amalgamations• The Securities Contract (Regulation) Act, 1956 and The Securities Contract

(Regulation) Rules, 1957

12


• Lean System and innovation


• Transfer pricing• Equalization levy• Advance rulings• Application and interpretation of tax treaties

c) Elective paper

• Paper 6A- Chapter 5,6• Paper 6B- Chapter 9,10,11,12• Paper 6C- Chapter 3,7• Paper 6D- Chapter 3• Paper 6E & 6F- One case study

C-3

a) Financial Reporting • Consolidated portions of 7th weekly test to 12th weekly test


• Consolidated portions of 7th weekly test to 12th weekly test



C-4





c) Elective paper • Consolidated portions of 7th weekly test to 12th weekly test

13

a) Financial Reporting• Ind AS 32 - Financial Instruments - Presentation• Ind AS 107 - Financial Instruments - Disclosure• Ind As 109 - Financial Instrument


• Portfolio management


• Audit of consolidated financial statements• Audit of insurance company• Audit of NBFC• Audit under fiscal laws• SA 300 and 400 Series

11


Subject Topics

14


• Strategic analysis of operating income• Introduction to strategic cost management


• Non-resident taxation• Double taxation relief• Fundamentals of base erosion and profit shifting• Overview of model tax conventions


GST:• Payment of Tax• Returns• Refunds• Job Work

Customs & FTP:• Importation, exportation and transportation of goods• Duty drawback and refunds• Foreign trade policy

15

a) Financial Reporting• Ind AS 115 - Revenue from contracts with customers• Ind AS 33 - Earnings per share


• Interest rate risk management• Risk management


• Prevention and oppression of management• Companies incorporated outside India • Winding up & insolvency and bankruptcy code, 2016• Foreign Contribution Regulation Act, 2010

16


• Standard costing


• Assessment procedure• Settlement of cases

c) Elective paper

• Paper 6A- Chapter 7,8• Paper 6B- Chapter 13,14,15,16,17• Paper 6C- Chapter 4,8• Paper 6D- Chapter 4,6• Paper 6E & 6F- One Case Study

17


• Analysis of financial statements• Framework for preparation and presentation of financial statements• Integrated reporting• Corporate social responsibility


• Security analysis • Financial policy and corporate strategy


• Liabilities of auditor • Due diligence, investigation and forensic audit• Peer review and quality review

18


• Budgetary control • Pricing decision


• Penalties• Offences and prosecution• Liability in special cases• Miscellaneous provisions


• Assessment and audit• Inspection, search, seizure and arrest• Demands and recovery• Liability to pay tax in certain cases• Offences and penalties• Appeals & revisions, advance ruling• Miscellaneous provisions 12

Syllabus for weekly test

Test No.

Subject Topics

19

a) Financial Reporting• Ind AS 101 - First time adoption of Ind AS• Ind AS 116 – Leases


• Corporate valuation• Startup finance


• Miscellaneous provisions• Compounding of offences, adjudication, special courts• National company law tribunal and Appellate Tribunal• Corporate Secretarial Practice- Drafting of notices, resolutions, minutes & reports• The Foreign Exchange Management Act, 1999

20


• Case study


• Income tax authorities• Appeals and revision• Tax planning, Tax avoidance & Tax evasion

c) Elective paper

• Paper 6A- Chapter 9• Paper 6B- Part B – Chapter – 1,2,3,4,5• Paper 6C- Chapter 5,9• Paper 6D- Chapter 5• Paper 6E & 6F- One Case Study

Date sheet for Model exam

ExamNo.

Date Timing Subject Marks

104-10-2021(Monday)

3 pm to 6 pm Financial reporting 100

206-10-2021(Wednesday)

3 pm to 6 pm Strategic financial management 100

308-10-2021

(Friday)3 pm to 6 pm Advanced auditing and professional ethics 100

410-10-2021(Sunday)

3 pm to 6 pm Corporate and economic laws 100

512-10-2021(Tuesday)

3 pm to 6 pmStrategic cost management and performance evaluation

100

614-10-2021(Thursday)

3 pm to 7 pm Elective paper (All 6 papers) 100

716-10-2021(Saturday)

3 pm to 6 pm Direct tax laws and international taxation 100

8 18-10-2021(Monday)

3 pm to 6 pm Indirect tax laws 100

13

Online registration & fee payment

Contact details

CA Final

CA Final Nov 2021 SAP

Both Groups

Tap below to register

Rs. 6,000(exclusive of GST)

+ 91 98847 33558

SAP Service Team: + 91 98847 33558

14

https://pages.razorpay.com/finalsapn21

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