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Introducing new feature on CAdesk. Want to
know the meaning of anyword on any page of CAdesk then Just double click on that word and
thats it...., your meaning to that word will open
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Lets Strongly condemn the MUMBAI Blasts

I  express my grief for those who have lost their innocent lives in the recent mumbai blasts . I dont know When will our careless politicians realize the serious threat to our country and work towards a  solution for it. Its high time my friends to realize, re know what we can do when we stand in unity to fight and combat the disease called terrorism.


I also salute to the brave heroics of Our soldiers and not to forget the ordinary people, my fellow citizens for their brave efforts and co-operation with Authorities.


Its not the correct time to say this but as an Indian i have to say this               '' These terrorists suck " .

Exemption feature withdrawn ?

Is  it true friends ? Have anyone confirmed from the ICAI Authorities ? Confirm whether is it true or is it Just a rumour ?

CA means Intelligence

Once upon a time three MBA guys were walking through the woods 
and suddenly they were standing in front of a huge, wild river.  
But they desperately had to get to the other side.  But how, 
with such a raging torrent?  


The first MBA guy knelt down and prayed to the Lord:  

“Lord, please give me the
 strength to cross this river! " 


*pppppfffffffuuuuffffffff*


The Lord gave him long arms and strong legs.  Now he could 
swim across the river.It took him about two hours and he almost 
drowned several times. 


BUT… he was successful! 




The second MBA guy, who observed this, prayed to the Lord and said: 


“Lord, please give me the strength AND the necessary tools
to cross this river!”


*pppppfffffffuuuuffffffff*




The Lord gave him a tub and he managed to cross the river 
despite the fact that the tub almost capsized a couple of times.


BUT… he was successful! 




The third MBA guy who observed all this kneeled down and prayed: 


“Lord, please give me the strength, the means and the 
intelligence to cross this river!”


*pppppfffffffuuuuffffffff*


The Lord converted the MBA guy into an Accountant.  
He took a quick glance on the map, walked a few meters upstream and crossed the bridge. 




Moral?


You have to be an CA to think intelligent, Otherwise…


GOD HELPS YOU !



MBAs V/s Chartered Accountants

Eleven people were dangling below a helicopter on a rope. 
 There were ten MBA guys and one C.A. 
Since the rope was not strong enough to hold all the eleven, 
they decided that one of them had to let go to save all the others.


They could not decide who should be the volunteer.  
Finally the C.A. said he would let go of the rope since C.As are 
used to do everything for the company.  They forsake their family, 
don’t claim all of their expenses and do a lot of overtime without 
getting anything in return.


When he finished his moving speech all the MBA guys began to clap… 


so they fell !!!


Moral: 


Never underestimate the powers of the C.As.

M.B.A Student (vs) C.A Student

This is just for fun :

M.B.A Student (vs) C.A Student

 This particular joke won an award for the best joke in a competition  
          organized in Britain and this joke was sent by an Indian......
         
A MBA and a CA student go on a camping trip, set up their tent ,and fell asleep.Some hours later, the CA wakes his MBA friend and says "Look up at the sky and tell me what you see."
               The MBA replies, "I see millions of stars."
                 The CA asks, "What does that tell you?"
The MBA ponders for a minute.
          "Astronomically speaking, it tells me that there are millions of galaxies
          and potentially billions of planets.
          Astrologically, it tells me that Saturn is in Leo.
          Time wise, it appears to be approximately a quarter past three.
          Theologically, it's evident the Lord is all-powerful and
          we are small and insignificant.
          Meteorologically, it seems we will have a beautiful day tomorrow.
           What does it tell you?"
         
          The CA is silent for a moment, then speaks.
          "Practically...Someone has stolen our tent".
 "Chartered Accountancy = 100% COMMON SENSE" 



Large Hadron collider or LHC

Hi everyone, this is a bit weird topic to us but thought to share it with you all. Since in the begining of my 10+2 Days , i was desperate to study Astro Physics , but fortunately or unfortunately i didn't went for that course . Even today i am very much interested to pursue that course and want to fulfill my wish.Enough of this intro and  i ll come to the point.

Since three days , a news was repeatedly being aired in the television channels about the LHC Experiment and the doomsday its going to cause.Now, i am here with an explanation about what is it all about and how is it going to effect us .

Well , LHC is Large Hadron Collider , is a gigantic particle accelerator which is built 300 feet straight down in to earth with a length of about 27 km in total . In this LHC , 8000 scientists around the world are conducting an one the biggest and largest scientific experiment in the history of mankind.

Overview of the LHC.
In this LHC , the scientists,by conducting some experiments are about to find out the birth of the universe ( in simple terms ) which can be useful to all the scientists in understanding Particles and their behaviour. All that the scientists are interested in smashing two particles and see what comes out of it.

But the experiment is facing issue from the human right organisations which are condemning the experiment as they feel that this LHC expermient would result in spelling large uncontrolled explosions and hence spelling doomsday for mankind.

Being a student of science , all i feel is , this experiment would be a HUGE SUCCESS and would ultimately benefit the mankind . Lets hope and pray this LHC Expermient to be a big Success.

Your Guide to C.P.A ( Certified Public Accountant )

Hello friends , 


Below here , i am attaching a file in which all the useful information about the course American  C.P.A  ( Certified Public Accountant ) . 


You might find it useful for planning your CPA career , as it got loads and loads of information about the course. 


Here is the file , Click here


Comments are appreciated . 


Awaiting for yar feedback. 

Costing Formulae

Given is the link below where you can get the important formulae's in the costing

theory. This file is useful for PCC, PE-II as well as FINAL  students. Any other

comments, suggestions are welcomed for the improvements of the file

presentation.

To Get the file CLICK HERE.

New Case laws updates in Income tax.

Updates are available regarding new case laws of INCOME TAX are given here.

The History of TAX is very long in india. Either very old case laws or New caselaws

in the INDIAN INCOME TAX history is welcomed.


To Download the file of the recent tax updates CLICK HERE

CA Exam on Alternate days

Its been announced by the ICAI that the November 2008 CA exams are going to be held on alternate days , even though if these days happen to public holdays. Students are requested to take a note of this and thus prepare wisely. My also suggestion is that , since these exams are going to be held on alternate days , there is every possibility that the paper setter may be tough on our part and set a tough paper. All of my friends are hereby requested to study for the coming exams with a bit more CAUTIOUSNESS. 


The schedule for the exams are given below :




PROFESSIONAL COMPETENCE COURSE and PE-II


Group-I: 2nd, 4th and 6th November, 2008


Group-II: 8th, 10th and 12th November, 2008


CA FINAL


Group -I: 1, 3, 5 and 7 November, 2008


Group -II: 9th, 11th, 14th and 16th November, 2008

Shortcut Keys in TALLY

One of the important aspect of mastering tally is to know the shortcut keys in tally correctly. The Following are the shortcut keys Available :

Keys                                                   Function



Alt + R                                                Repeat the previous narration


Alt + 2                                                Duplicate an entry
                                                           (Useful for same entries at different dates)


Ctrl + A                                             Accept a form


Ctrl + G                                            Select Group


Ctrl + Alt + R                                   Rewrite data for company


Alt + A                                             Add a voucher
                                                        Alter a column in columnar report


Alt + C                                            Access Calculator in amount field
                                                        Create a new master


Alt + E                                             Export tally data in various formats


Alt + I                                             Insert a voucher


Alt + P                                            Print a report


Alt + U                                           Rewrite last line deleted with Alt + R


Alt + X                                           Cancel a voucher




If you wish to download all the keys as a single file then CLICK HERE.

Futures and Options

This is a file which is a compilation of some notes on FUTURES AND OPTIONS.

Its totally related to online trading and hence posted in the shares column.I have

Minimal knowledge in this field . Any more additions in the files are welcomed.

Click here to get the file.

Some Neccessary Files in TALLY

Hi friends , i am back after a long time.



Here are some interesting files like Treatment of TDS in tally ,
Implementation of CST etc. With these files i hope you can have a bit of knowledge about tally.






Click Here for Treatment of TDS in tally.






Click here to get the file for implementation of CST in tally.

Proud to be an INDIAN



Its not that we never know , what we are . Its that we never try to do the thing what we should do. Its the time to do , to keep alive the pride of india .
This video added more passion for my country. Hope it does with you too. Please leave a comment on how did you felt too ?

Good Theory notes for COSTING

Though this compilation of notes is more of Final syllabus , it proved to be useful to PE II and PCC students as it contains major concepts of their syllabus too. You make like the way it is presented . Its eye catching with Q & A .

CLICK here to download

Tax notes for PCC

It contains the questions and answers based on taxation syllabus of PCC. A good compilation of Questions and answers to it. Though the number of questions are less but worth reading them.

CLICK here to download

Trading for beginners

In this useful file , i have found immense knowledge about share and stock trading. Answers to the questions like what are shares , what are share markets , trading of shares , anlaysing stocks , investing money wisely and many more etc. This had helped me to know what i didnt know all this time. One suggestion to all is read the articles with full interest , then only you can understand .
CLICK here to download

Recent Amendments in income tax

This is very useful file from the exam point of view as questions are based on amendments also .
CLICK here for the latest amendments in Income tax.

Auditing standards and Practical questions

Almost every PE II student has some sought of dislike towards AUDITING subject and thus it becomes very difficult for them to learn it. The following links conatins the files of auditing standards in simplified way and the necessary practical questions to get versed with type of questions in the exams .
CLICK here for AAS
CLICK here for Auditing practical questions

Accounting standards in brief

Here is the document that simplies your understanding in ACCOUNTING STANDARDS . Attached is the link to the file which contains explanation to accounting standards in a short and simplified manner .
CLICK here to download the AS

Information technology differences

Questions based on differences and Distinguish between in INFORMATION TECHNOLOGY carry 20 marks in the exam . To get maximum marks in this section , you should byheart these diffrences very well . The following is the link to get those differences.
CLICK here to get the info-tech differences .

Income Tax Returns : Forms for A.Y 2008-09

Here are the list of the ITR' s which are applicable for the A . Y , 2008-09
Click the ITR to download.
ITR 1 - For individuals , salaried and pensioners
ITR 2 - For Individuals and HUF not having business income
ITR 3 - For individuals/huf who are partners in a firm and not having any other business in a partnership firm
ITR 4 - For individuals and HUF having business income.
ITR 5 - For Firms , BOI , AOP's etc.
ITR 6 - For companies other than sec 11 Companies
ITR 7 - For Notice issued companies
ITR 8 - Return for fringe benefits .
Ackowledgement

Good news to PE II students

This is to inform that all the PE II students who have passed their exams and are registered under the new final syllabus are now allowed to take their exams 12 months prior to the end of their articleship. This means that , PE II passed out students can write their exam after two years of their registration as a articled clerks.

Flash Flash

The institute in its official announcement has declared that students who has not exhausted their complete attempts can write their PE II exams untill May 2009. This should mean that all the PE II students will get additional two attempts . ALL THE BEST .

A hearty welcome to all .

Hi everyone , i am santosh . i am here to share all the information what i have about Accountancy , audit , law , finance , costing , taxation and ofcourse Infot tech . In my pursuit to share knowledge, i ll try my level best to keep you updated about the happening called CHARTERED ACCOUNATANT .

To start of with i am posting the link to the website address of our institute i e , ICAI .

Click here to go to I C A I .

Please Post your feedback here..........