Mock Tests for May 2016 CA Final Examination
Only for Present & Past Students of
Pinnacle Academy
Date
Day
Subject
Marks
Syllabus
6th
February
Sat
FR – 1
60
Amalgamations, Corporate Restructuring,
AS 6, 10, 11, 15, 16, 17, 18, 19, 20, 22, 24,
25, 26, 28 and 29 & Share Based Payments
27th
February
Sat
SFM – 1
60
M & A, Business Valuations, Leasing,
Factoring, Mutual Funds, Dividend Policy,
Derivatives & FOREX Risk Management
12th
March
Sat
FR – 2
80
CFS, Valuations, Value Added Statements,
Amalgamations,
Corporate
Restructuring,
Employee Benefits, EVA, NBFC and AS 1 to 29
(except AS 8)
26th
March
Sat
SFM – 2
80
Business Valuations, Portfolio Management,
Mutual Funds, Bonds,
Dividend Policy,
Derivatives, Leasing, Factoring, Risk Analysis
in Capital Budgeting & FOREX Risk Mgmnt.
Theory from topics of:
Capital Markets, Portfolio Management,
Mutual Funds, Dividend Policy & FOREX
14th
April
Thu
FR – 3
100
Full Syllabus
(including theory)
16th
April
Sat
SFM – 3
100
Full Syllabus
(including theory)
Timings:
60 Marks: 10:00 a.m. to 12:00 p.m.
80 Marks: 10:00 a.m. to 12:30 p.m.
100 Marks: 10:00 a.m. to 01:00 p.m.
Test Centre:
201 – 202 Florence Classic, Besides Unnati Vidhyalay,
10, Ashapuri Society, Jain Derasar Rd.,
Opp. VUDA Flats, Akota, Vadodara – 20.
The above schedule shall undergo change if M. Com. Exams clash with the test dates as
announced above. You are advised to check updates on website: www.ashishlalaji.net
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Topics Common for both – FR and SFM:
Syllabus of FR includes following topics of SFM:
Business Valuations:
Dividend Decisions:
Mutual Funds :
EVA:
FCFF and FCFE Model
Gordon’s Model
NAV calculation and Theory of Mutual Funds
Entire Topic
Syllabus of SFM includes following topics of FR:
Valuations:
Mutual Funds :
Valuation of Goodwill, Shares and Business
Dividend Equalization
Important Theory Questions
Financial Reporting:
EVA: Meaning and Uses, Shareholder Value Analysis, MVA, Financial Engineering
HRA: Lev and Schwartz, Jaggi and Lau, Growing Scope of HRA
Accounting of Assets: Entire summary of AS 16, Meaning of and Distinction between
Operating and Finance Lease, Methods for valuation of intangible assets, Treatment of
R and D expenditure, Impairment of CGU, Reversal of Impairment Loss
Amalgamations: Treatment of Reserves, Purchase Method, Pooling of Interest
Method, Treatment of Goodwill
AS 22: Timing and Permanent Differences (Meaning and Distinction)
NBFCs: NPA as per NBFC prudential norms, Provisioning rates
AS 15: Objectives and types of benefits covered, Accounting of Short term
compensated absences
Strategic Financial Management:
Financial Policy and Corporate Strategy: Functions of SFM, Interface of Financial
Policy and Strategic Management, Linkage of Financial Policy with Strategic
Management, Sustainable Growth Rate
Mergers and Acquisitions: Distinction between Horizontal and Vertical Merger,
Reverse Merger / Takeover by reverse bid, Demergers, Buy outs (especially LBO),
Financial Restructuring, Free Float Market Capitalization
Business Valuations: Due Diligence
Dividend Decisions: Factors governing, Determinants / Practical Considerations,
Forms of Dividend, Walter Model, MM Model, Lintner Model
Leasing: Distinction: Leasing - HP, Cross Border Leasing
Indian Capital Markets: Bought-out Deal, Functions of Secondary Market / Stock
Exchanges, Distinction between Primary and Secondary Markets, Determination of
Stock Market Index, Rolling Settlement, Depository and Dematerialization, Stock
Lending / Borrowing Scheme, Book Building, Insider Trading, Green Shoe Option
Portfolio Management: Types of Risk and Distinction, Objectives and Basic
Principles, Factors affecting Investment Decision, CAPM, CML, SML, Distinction between
SML and CML, Portfolio Rebalancing, Techniques of Economic Analysis
Mutual Funds: Advantages, Disadvantages, Key Players, NAV, Distinction between
Open Ended and Close Ended Schemes, Exchange Traded Funds, Risk of Debt Funds,
Investors’ Rights and Obligations, Criteria for evaluation, Selection and Exit from mutual
funds
Factoring: Meaning, advantages and disadvantages, Distinction from Bills Discounting
Financial Services: Meaning and Process of Credit Rating, CAMEL Model, Benefits,
Precautions and Limitations of Credit Rating, Advantages of online share trading,
Distinction between Commercial and Investment Banking, Functions of Investment
Bank (I-Bank)
Indian Money Markets: Features, Difference from Capital Markets, CP, TB, MMMFs,
Securitization, Repos, Reverse Repos, IBPC, Refinancing
Bond Valuation and Analysis: Interest rate risk, Re-investment Risk and Default
Risk, ZCB, Duration, Risk from Government Policy
Forex: Types of Exchange Rate Risk, Forward Contract, Currency swaps, Interest Rate
swaps, Distinction between Currency Swap and Interest Rate Swap, PPP, IRP, Caps,
Floors and Collars, Nostro, Vostro and Lorro Accounts, Swaptions, Significance of LIBOR
International Financial Management: Debt Sources of Finance from International
Market, FCCB, GDR, Taxation of GDR, ADR, Euro Issues, Approaches of Optimizing Cash
inflows (special emphasis of Leading, Lagging, Netting and Matching), Hedge Funds and
their benefits and demerits, IDR (Indian Depository Receipts)
Derivatives: Distinction between Futures - Forward, Reasons for Index futures being
more popular, Meaning, Mechanism, Benefits and Usage of Futures, Commodity
Futures, Distinction between Futures - Options, Benefits of Trading in Options, Intrinsic
and Time Value of Option, Embedded Derivatives
Capital Budgeting: NPV, IRR, Distinction between NPV and IRR, Capital Rationing,
Impact of Inflation, SCBA and its features, Project Report, Zero Date of Project
Risk Analysis in Capital Budgeting: Sensitivity (What If) Analysis, RAD, CE, Decision
Tree, Simulation, Real Options
EVA (from FR Material): Meaning and Uses, Shareholder Value Analysis, MVA, Financial
Engineering
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