CMA Inter Paper 10 study plan

Distinguish authorised, issued, subscribed, called-up and paid-up capital and map each to its Schedule III (Division I) balance sheet presentation.

Journalise issue of shares at par, at premium and at discount, including calls in arrears, calls in advance and interest on calls in advance.

Record forfeiture of shares (fully and partly called-up) and reissue at par, premium and discount, applying the correct capital reserve treatment.

Compute the maximum permissible buy-back under Section 68 and record buy-back entries covering free reserves, securities premium and creation of the Capital Redemption Reserve.

Journalise issue of debentures at par, discount and premium, including debentures issued as collateral security and debenture interest with TDS.

Account for redemption of debentures through Debenture Redemption Reserve and DRR Investment, purchase of own debentures, and conversion of debentures into shares.

Prepare the Statement of Profit and Loss and Balance Sheet in Schedule III format from a given trial balance.

Adjust depreciation, provisions, proposed and interim dividend, tax expense, prior-period items and contingent liabilities correctly in final accounts.

Classify a transaction as merger or purchase under AS 14 and compute purchase consideration by lump-sum, net assets and net payment methods.

Pass journal entries in the books of both transferor and transferee companies, including inter-company shareholdings and goodwill or capital reserve adjustment.

Prepare the transferee company's post-amalgamation balance sheet under the pooling of interests and purchase methods.

Contrast amalgamation, absorption and external reconstruction by legal form, identity of transferor and accounting treatment.

Compute pre-acquisition and post-acquisition profits, cost of control (goodwill or capital reserve) and minority interest from a holding company balance sheet.

Eliminate intra-group items: debtors and creditors, bills, unrealised profit in stock and inter-company dividend.

Prepare a consolidated balance sheet for a parent with one subsidiary, presenting all workings in standard order.

Re-attempt three items missed in weeks 1 to 3 and record the error pattern for later revision.

State the objectives, scope and inherent limitations of a statutory audit and distinguish it from internal, cost, management and government audit.

Draft an audit strategy and audit plan for a given entity covering materiality, risk assessment, timing and resource allocation.

Classify audit evidence by source and reliability and apply SA 500, SA 505, SA 520 and SA 530 to design substantive procedures.

Prepare and cross-reference audit documentation in line with SA 230, including the assembly and retention of the final file.

Apply Sections 139 to 142 on appointment, qualification, rotation, removal, casual vacancy and remuneration of auditors to given company situations.

Apply CARO 2020 clauses and the relevant Companies (Audit and Auditors) Rules to a company scenario and identify which clauses trigger reporting.

Summarise the objective and three key requirements of SA 200, 210, 220, 250, 315, 320, 402, 450, 500, 550, 560, 570, 580, 600, 620 and 700.

Evaluate independence and ethical threats using the Chartered Accountants Act Schedules and the conceptual framework of the Code of Ethics.

Draft an unmodified audit report and each modified form (qualified, adverse, disclaimer) applying SA 700, SA 705 and SA 706.

Decide when to include Key Audit Matters, Emphasis of Matter, Other Matter and going-concern material under SA 570, and draft specimen paragraphs.

Differentiate internal, management, cost, energy, forensic and information systems audit by objective, scope, statutory backing and reporting.

Outline the stages of a forensic audit and the key IT general controls and application controls tested in an information systems audit.

Re-solve the weakest problems logged in the error log and close the underlying concept gaps rather than memorising answers.

Consolidate all 15 mapped Standards on Auditing, CARO 2020 clauses and Schedule III formats into a single revision sheet.

Attempt two full-length 100-mark mocks in three hours each under strict exam conditions without notes.

Analyse each mock by domain-wise marks lost, identify the five recurring errors and fix them before the next attempt.