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CSEET June 2022 – Exam Date, Time Table and Exam Pattern

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CSEET (CS Foundation) Time Table June 2022 – The Institute of Company Secretaries of India (ICSI) has announced the CSEET (CS Foundation) 2022 timetable. The CSEET (CS Foundation) exam is national level exam generally conducted by the ICSI twice a year, in June and December. The schedule for the June 2022 session is out and the exam is scheduled for 15 and 16 June 2022. CS is one of the most sought-after courses among commerce students and others. The duration is 8 months for CSEET Programme. To achieve the position of Company secretary, candidates must complete the foundation, executive and professional program followed by the practical training at the ICSI. Here are some things that candidates need to know about the CSEET (CS Foundation) program like exam dates, a detailed timetable, etc.

CSEET Time Table June 2022:

As per the official notification, the CSEET (CS Foundation) timetable for June 2022 is as follows:

Events Exam Dates Exam Time
CSEET 2022 Paper 1 15 Jun 2022 09.30 am – 11.00 am
CSEET 2022 Paper 2 15 Jun 2022 04.00 pm – 05.30 pm
CSEET 2022 Paper 3 16 Jun 2022 09.30 am – 11.00 am
CSEET 2022 Paper 4 16 Jun 2022 04.00 pm – 05.30 pm

Note: ICSI has released the timetable for CS Foundation (CSEET) 2022. Click here to download PDF.

 

CSEET EXAM INFORMATION  ONLINE TESTS

 

CSEET 2022 Exam Pattern:

Exam pattern is a very essential thing to know for the CSEET (CS foundation) course. The major highlights of the CSEET exam pattern 2022 are as follows:

  • The mode of the exam is online which a computer-based test is.
  • The duration of the exam is one and a half hours or 90 minutes for each paper.
  • The format of the paper is objective type or MCQ type.
  • The medium of the exam will be both Hindi and English.
  • The total no of questions is 50 for each paper.
  • The total marks of the paper will be 100 marks for each paper.
  • The marking scheme is 2 marks for each correct answer
  • There is no negative marking on the paper.

The detailed distribution of marks for each paper is as follows:

  • CSEET 2022 Paper 1 Exam Pattern
Subjects No. of questions Marks
Business Environment 20 40
Business Law 30 60
  • CSEET 2022 Paper 2 exam pattern
Subjects No. of questions Marks
Business Ethics 5 10
Business Communication 15 30
Entrepreneurship 10 20
Business Management 20 40
  • CSEET 2022 Paper 3 Exam Pattern
Subjects No. of questions Marks
Economics 40 80
Elementary Statistics 10 20
  • CSEET 2022 Paper 4 Exam Pattern
Subjects No. of questions Marks
Fundamentals of Accounting 35 70
Fundamentals of Auditing 15 30

 CSEET ONLINE PRACTICE TEST

Commerce

Revised Scheme of Education and Training for CA Course

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The Institute of Chartered Accountants of India (ICAI) has formulated the Revised Scheme of Education and Training in lines with International Education Standards issued by International Federation of Accountants (IFAC) after considering the inputs from various stakeholders. The Revised Scheme of Education and Training for CA course will come into effect from 1st July, 2017. The Scheme of the Course is available at http://resource.cdn.icai.org/45556bos35643summary.pdf

In order to answers the queries which may arise in the mind of stakeholders with respect to Revised Scheme, FAQs have been framed which are available at http://resource.cdn.icai.org/45555bos35643faq.pdf

Implementation schedule of Revised Scheme of Education and Training

S. No. Particulars Date / Attempt
1. Last date for CPT Registration 30th June, 2017
2. Date of commencement of registration for Foundation Course 1st July, 2017
3. First Foundation Exam to be held in May, 2018
4. Last CPT Exam to be held in June 2019
5. Three Parallel attempts Foundation CPT
May, 18 June, 18
Nov, 18 Dec, 18
May, 19 June, 19

 

 

 

Commerce

What is Sum Of The Years ?

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What are ‘Sum-Of-The-Years’ Digits ‘

An accelerated method for calculating an asset’s depreciation. This method takes the asset’s expected life and adds together the digits for each year. So if the asset was expected to last for five years, the sum of the years’ digits would be obtained by adding: 5 + 4 + 3 + 2 + 1 to get a total of 15. Each digit is then divided by this sum to determine the percentage by which the asset should be depreciated each year, starting with the highest number in year 1.

BREAKING DOWN ‘Sum-Of-The-Years’ Digits ‘

It makes sense to use an accelerated depreciation method such as the SYR method when an asset will lose most of its value toward the beginning of its useful life – as is the case with automobiles, for example.
In the five year example above, the SYD method would yield the following depreciation schedule:

Year 1: 5/15 = 33%

Year 2: 4/15 = 27%

Year 3: 3/15 = 20%

Year 4: 2/15 = 13%

Year 5: 1/15 = 7%

The percentages for each year should add up to 100%.

Question:

Original cost =Rs.1,26,000: Salvage value = nil: Useful life = 6 years.Depreciation for the 1st year under sum of years digits method will be

a. Rs.6,000

b. Rs.12,000

c. Rs.18,000

d. Rs.36,000

Explanation:

solution

 

 

 

 

 

Commerce

What is Called-up value?

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What is share?

The capital of a company is divided into shares. Each share forms a unit of ownership of a company and is offered for sale so as to raise capital for the company.

In financial markets, a share is a unit of account for various investments. It often means the stock of a corporation, but is also used for collective investments such as mutual funds, limited partnerships, and real estate investment trusts.

Corporations issue shares which are offered for sale to raise share capital. The owner of shares in the corporation is a shareholder (or stockholder) of the corporation. A share is an indivisible unit of capital, expressing the ownership relationship between the company and the shareholder. The denominated value of a share is its face value, and the total of the face value of issued shares represent the capital of a company, which may not reflect the market value of those shares.

The income received from the ownership of shares is a dividend. The process of purchasing and selling shares often involves going through a stockbroker as a middle man.

Called-up value:

The value of the issued shares that have remained fully or partially unpaid, and whose holders have now been called upon to pay the balance.

Depending on the jurisdiction and the business in question, some companies may issue shares to investors with the understanding they will be paid at a later date. This allows for more flexible investment terms and may entice investors to contribute more share capital than if they had to provide funds up front. The amount of share capital owed by shareholders, but has not yet been paid, is referred to as called-up capital.

 

Question:

A company forfeited 2,000 shares of Rs.10 each (which were issued at par) held by Mr. John for non-payment of allotment money of Rs.4 per share. The called-up value per share was Rs.9. On forfeiture,the amount debited to share capital will be

  1. Rs.10,000
  2. Rs.8,000
  3. Rs.2,000
  4. Rs.18,000

Explanation:

On forfeiture, the share capital account is always with the called value of share

(2,000 x 9) Share Capital A/c Dr. 18,000

(2,000 x 5) To Share forfeiture 10,000

(2,000 x 4) To Calls – in- arrears 8,000