National Accounting Talent Search 2020 Admit Card, Exam Date, Syllabus, Online Apply www accountingtalent org  

National Accounting Talent Search (NATS) 2020 is conducting by the Indian Accounting Association (IAA). NATS is the national level competition held every year at the junior and senior levels. The competition is set to be conducted in more than 50 centers across the country. Students pursuing undergraduate courses in commerce, the management, or any other discipline can apply at a junior level while the students possessing any qualifications including post-graduation or professional or any other and having age less than 25 years can apply at the senior level. The competition aims to test the candidate’s knowledge of accounting. Read the full article for getting details about admit card, exam date, syllabus, and questions papers pdf.

National Accounting Talent Search 2020 Eligibility

To be eligible for this competition, students have to satisfy the following eligibility conditions:

For Junior Level:

• Candidates pursuing undergraduate courses in commerce or management like B.Com, BBA, BBM or any other courses are eligible to apply.

For Senior Level:

• At this level, qualification is not the limitation.
• Students wishing to apply under this level must not have the age above 25 years as on 1st July 2018 i.e. a candidate must be born after 30th June 1993.

National Accounting Talent Search ( NATS) Rewards

The awards will be distributed to the candidates as per their rank secured in the NATS:

• The best performers (at the junior level) will get INR 10,000/- plus trophy plus certificate and INR 15,000/- + trophy + certificate at senior level.
• The 2nd best performers will receive INR 5,000/- along with trophy and certificate at the junior level and INR 8,000/- plus trophy and certificate at senior level.
• 3rd best performersat the junior level will get INR 3,000/- plus trophy and certificate and INR 4,000/- plus trophy and certificate at senior level.
• An amount of INR 1500/- and certificate at the junior level will be given to all top one percent performers and INR 2,000/- plus certificate at the senior level.
• All top ten percent of performers will get a certificate at both levels.
• Those having rank from 50th to 90th percentile will also receive a certificate at both levels.
• Candidates of a junior and senior level having rank below 50th percentile will receive a certificate of participation.
• Centre topper will get INR 1,000/- plus trophy and certificate at the junior level.

Exam Pattern

• The question paper will be objective type. A total of 100 MCQs will be asked in the exam.
• The time duration allotted to the students to answer the questions is 90 minutes.
• Each correct answer will carry 4 marks and 1 mark will be deducted for each wrong answer.
• At the junior level, the subjects covered are Financial Accounting, Management Accounting, Cost Accounting, and more topics of B.Com's first year.
• The senior-level question paper will be based on UGC (NET) syllabus.

Online Apply Process NATS Online Application Form On www accountingtalent org  

Students can follow the below-given steps to apply for National Accounting Talent Search:

1. Click here to apply.
2. After clicking on this link, select the mode of payment, level, and enter DOB.
3. The fee can be paid either through credit card/debit card or net banking.
4. For the junior level, the applicable fee is INR 250/- and for senior-level, the registration fee is INR 500/-.
5. Click on the ‘Next’ button.
6. Now, fill all the details asked in the application form.
7. Upload all the supporting documents and submit the form.

National Accounting Talent Search 2019-2020 Syllabus

JUNIOR LEVEL
Bank Reconciliation Statement, Accounting for Non-Profit Making Organizations, Depreciation Accounting, Accounting for consignment and joint venture, insurance claims.
Financial Accounting Cycle including Journal, Ledger, Trial Balance, Day Books, Final Accounts, Adjustment Entries, Rectification of Errors,
Accounting for forfeiture of shares issue and reissue, Partnership Accounts, issue, and redemption of preference shares and debentures.
Classification of Cost, Costing Concepts, elements, and Unit Costing.

SENIOR LEVEL
Management and Financial Accounting
Capital and Revenue, Basic Accounting concepts, Financial statements
Partnership Accounts: Retirement, Dissolution, Admission, Death, and Cash Distribution.
Advanced Company Accounts: Purchase of Business, Liquidation, Issue, forfeiture, Valuation of shares, Absorption, and Reconstruction, Amalgamation, Holding Company Accounts.
Responsibility accounting
Cost and Management Accounting: Funds Flow Analysis, Ratio Analysis, Marginal costing, Cash Flow Analysis, and Break-even analysis, Standard costing, Budgetary control, Costing for decision-making.

Business Statistics
Correlation and Regression, F-test and chi-square test, small sample tests, T-test.
Financial Management
Data collection and analysis, Data types, sampling need, errors and methods of sampling, Hypothesis testing, Normal distribution, Analysis and Interpretation of Data.
Dividend Policy
Working capital management
Financial, Capital Structure, and Operating leverage
Capital budgeting, Cost of capital,

Advanced Accounting and Finance
Accounting standards: Social Accounting, Responsibility Accounting, IND AS and IFRS,
Regulatory Authorities: New Instruments: GDRs, ADRs, SEBI, Ratting Agencies.
Mergers, and Acquisitions, Venture Capital Funds, Mutual Funds, Factoring, Measurement of risk and returns, Lease Financing, securities and portfolios
Derivatives and Options, Capital market & money, Working of stock exchanges in India, NSE, OTCEI, NASDAQ.

Income Tax and Tax Planning
Residential status, Basic concepts, and exempted incomes, tax incidence, computation of taxable income under various heads.
Tax planning: Tax evasion, and tax avoidance, methods of tax planning, Concepts, significance, and problems of tax planning.
Tax considerations in specific business decisions, viz., make or buy; retain or replace, own or lease; export or domestic sales; shut-down or closure; expand or contract; invest or disinvest
Deduction of tax, Defaults, and penalties filing of returns, different types of assessment.
Computation of taxable income of individuals and firms.
Computer Application in Income Tax and Tax Planning.

Documents Required To Be Uploaded In The Application Form Are

• Scanned copy of the attested mark sheet of 12th class.
• Scanned copy of 1st and 2nd year of graduation or certificate from institution head stating that the candidate has not completed graduation.

Deadline To Apply & Exam Date

All the important dates regarding National Accounting Talent Search are as follows:

• The application started - from 1st July
• Last date to apply - 31st December
• Exam date - 2nd February 2021

Selection Procedure

The selection of students for the award of cash prizes, trophies, and certificates will be done on the basis of their performance in the National Accounting Talent Search.