Financial Accounting-2 Certificate in Accounting Technicians Paper-III Study Notes

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Questions and Answers

Where is the headquarters of the Institute of Cost Accountants of India located?

  • Kolkata (correct)
  • New Delhi
  • Noida
  • Mumbai

What is the contact telephone number for the New Delhi office of the Institute of Cost Accountants of India?

  • +91-11-43583642
  • +91-11-24666134
  • +91-11-24666131 (correct)
  • +91-11-24666167

Where are the study notes for Paper III: Financial Accounting-2 published from?

  • Mumbai
  • Kolkata
  • Noida
  • New Delhi (correct)

Which printing press is responsible for printing the study notes?

<p>B. M. Offset Printers (A)</p> Signup and view all the answers

What is the main focus of Paper III in the CAT course?

<p>Financial Accounting-2 (C)</p> Signup and view all the answers

Which topic does the CAT course aim to train students on in Paper III?

<p>Pay Roll Accounting (D)</p> Signup and view all the answers

What is the weightage of Store Accounting in Paper III?

<p>20% (B)</p> Signup and view all the answers

In Sales Accounting, what is one of the aspects that students are trained on?

<p>Recognizing revenue items at the proper time on the income statement (B)</p> Signup and view all the answers

What is included in Asset Accounting for students to learn in Paper III?

<p>Current Asset Accounting and Fixed Asset Accounting (B)</p> Signup and view all the answers

What does the CAT course aim to enable students to gain skills in, as part of Paper III?

<p>Accounting for Special Transactions (A)</p> Signup and view all the answers

Which of the following is NOT a statutory deduction mentioned in the context of Pay Roll Accounting?

<p>Excise Duty (C)</p> Signup and view all the answers

What is the primary focus of the CAT course's Paper II?

<p>Applied Business and Industrial Laws (B)</p> Signup and view all the answers

Which course end examination strategy is adopted for CAT Course Part I and Part II?

<p>(A) Multiple Choice Questions, (B) To be answered on-line, and (C) Competency Level -Part-II. (C)</p> Signup and view all the answers

What are students trained on in the Cambridge - Generic Skills for Employability course?

<p>(A) Generic Skills for Employability, (B) eFiling by experts from Industry, (C) Introduction to Costing Principles &amp; Preparation of Cost Statements, and (D) 5-days Orientation Programme. (D)</p> Signup and view all the answers

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Study Notes

Institute of Cost Accountants of India Headquarters

  • The Institute of Cost Accountants of India's headquarters is located in Kolkata.

Institute of Cost Accountants of India Contact Details

  • The contact telephone number for the New Delhi office of the Institute of Cost Accountants of India is (011) 2334 9765.

Paper III: Financial Accounting - 2 Study Notes

  • The study notes for Paper III: Financial Accounting - 2 are published from Kolkata.

Paper III: Financial Accounting - 2 Study Notes Printing Press

  • The study notes are printed by the Institute of Cost Accountants of India's Printing Press.

Paper III: Financial Accounting - 2 Focus

  • Paper III primarily focuses on advanced financial accounting principles and practices.

Paper III: Financial Accounting - 2 Training Objective

  • In Paper III, the CAT course aims to train students on accounting concepts, standards, and reporting procedures.

Store Accounting Weightage in Paper III

  • Store Accounting has a significant weightage in Paper III.

Sales Accounting Training in Paper III

  • Students are trained on various aspects of sales accounting, including sales revenue recognition, sales returns, and bad debts.

Asset Accounting Training in Paper III

  • Asset accounting in Paper III covers topics like fixed assets, intangible assets, depreciation, and impairment.

Paper III Skills Development

  • The CAT course aims to enhance students' skills in financial accounting, including recording, reporting, and analysis.

Statutory Deductions in Pay Roll Accounting

  • Professional Tax is NOT a statutory deduction mentioned in the context of Pay Roll Accounting.

Paper II Focus

  • The primary focus of the CAT course's Paper II is Cost Accounting.

CAT Course End Examination Strategy

  • The CAT Course Part I and Part II adopt a centralized end examination strategy.

Cambridge - Generic Skills for Employability Course Training

  • The Cambridge - Generic Skills for Employability course trains students on essential skills like communication, problem-solving, and teamwork.

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