How to prepare for AFF's entrance test

[BILAL.SARDAR]

ahhh that was an easy test bt gen knwldg n audit was totally ....
gen knwldg part was rather section of economics (

[A.A]

Good to know that test was not too tough.Now the wait begins)Narrate detailed contents folks!

[mariaanwer]

i don't remember da exact q.s but this just might give an idea

ACCOUNTING not very technical..IAS 8,18,10 and 12 were tested.

AUDIT consisted of general q.s
Q1) effects of internal auditor's work on da nature and scope of audit procedures.
Q2) examples of some general control activities.
Q3) da auditor's report contains da words ..FS give a 'true and fair view' rather than 'correct'. explain reason.
Q4) give asserions except existence for checking inventory..give 1 substantive procedure for each assertion.
Q5) what r da professional n ethical requirements when u r appointed as new auditor.

CORPORATE N TAX LAW
Q1) a person indebted to a company cannot b appointed as auditor..is there exception to dis rule?
Q2)procedure for serving of notice to memeber CO. if registered office is closed down..(something like dat)
Q3) apricot Co. wishes to grant loan to it's associate Co..what r da provisions of C084 in dis respect?
dont remember remaining q.s..
TAX- 5 mcq.s..1 mark each

ENGLISH
Q1) each sentence contained 2 blanks which had to b filled using da most appropriate pair of words given at da end.. easy questn
Q2) a comprehension passage was given with mcq.s at end
Q3) choose synonyms of words provided.
Q4) Essay on one of da topics
DESIRE- da root cause of all sufferings OR
Primary school teachers are paid less..can the standard of education b improved if they are paid better..

MATHS
Q1) IF 69(p+q)=(p+69)q..wich of da following is correct? a) p+q=0 b)q>1 c)q=69 d)p/q =1
Q2) if now is march, what will b da 100th month from now/
Q3) a simple algebra ques..dnt remember da exact statement
Q4) there was one long scenario based i.q question.. it was eady and had 5 marks

this is all i can think of right now.. p

[mariaanwer]

oh and ofcourse there was gen. knowledge too... there were 10 mcq.s like,
Q1) wat is da essential character of oligopoly?
Q2) wat is mixed economy?
Q3) wich famous personality was born in 1875 A.D?
q4) who directed da hollywood movie Inception (this one everybody knew P )
Q5) When is an economy said to b in its take-off stage?
Q6) under wich treaty da same European currency was to b used for all member countries..(something like this.. )
Q7) when were da first olympics conducted?

[BILAL.SARDAR]

btw wht is the ans to the qustn of C.law regrding givng show cause notice to a firm whch had its R.office closed dwn.
i didnt read anythng like tht in the ordinance (

[A.A]

Test seems okay enough.Insha'allah you guys will get through.Keep praying!
Well best of luck mariaanwer,BILAL.SARDAR and Nimra S)

[BILAL.SARDAR]

koe tu reply kre regarding registered office (

and thanks A.A

[mariaanwer]

thanks A.A .
i don't remember seeing anythng like dat in da Ord..i thnk a possible answer could be to publish it in one eng n urdu issue of a newspaper having circulation in da area in wich da registered office is situate..dat's wat i wrote, not sure though.

[aamalik]

Hey, I heard AFF Lahore test was based merely on Maths, English & GK... How true is that..?

[BILAL.SARDAR]

thanks God our test was very balanced bcz GK of AFF is really shockingP

[BILAL.SARDAR]

Anyone else got call from AFF (ibd) for interview?

[mariaanwer]

got a call for interview 2mrw morning

[amna sheikh]

goodluck maria..........
do let us inform about ur interview

[BILAL.SARDAR]

@amna sheikh
did u appear in test (in ibd campus )??

[BILAL.SARDAR]

intrvw is simple and straight forward. To managers r to take them however i forget their names P

Tell somethng abt urslf? (open questn)
deferred tax asset?
inherent risk?
A. procedures if control risk is high?
do u read newsppr?
wht r the hot topics these days?
where u see urslf aftr 10 yrs frm now?
appeared in ane othr firm?
whould u like to work in Kabul office? (would nt b asked frm females bcz thy r meant 2 work within ibd/pindi rgion)
any question from ur side?

Thanks and Hand shake



(However thy asked economics question like oligopoly, consumer equilibrium, elasticity of supply/demand from some students )