CA Final ISCA Mnemonic Codes for Easy Learning

ISCA Menmonic Code Method is one of the easiest way to score good marks in CA Final ISCA Paper. CA Final ISCA is considered one of the hardest subject in the entire syllabus. There are cases where student have failed in CA final exams just by not scoring enough marks in ISCA. Moreover ICAI always expects students to write down side-headings that are in ISCA Study Material. In this article we will provide Very useful Menmonic Codes for CA Final ISCA Paper Chapter 4. Students can also find amazing trick to remember Section 80 Deductions from our earlier post.

Before starting with I would like to clear that I will be reproducing some mnemonic words already there in Prof. Jignesh Chheda book, just to maintain the control and flow of the chapter. All the due credit to the author for his work.

ISCA Mnemonic Codes for Chapter 4:

Below we are giving amazing list of Mnemonic Codes for various concepts in CA Final ISCA Chapter 4: DRP and BCP. We request students not to use this content for any commercial purpose.

Objectives of BCP :  Serious Crime Requires CID

  1. Safety & well being of people on premises
  2. Continue critical business operations
  3. Reduce complexity
  4. Co-ordination of recovery tasks
  5. Immediate damage –
  6. Duration of serious disruption –minimize

Goals of BCP :  ICDR guidelines  

  1. Identify weakness
  2. Co-ordination of recovery tasks
  3. Duration of serious disruption –minimize
  4. Reduce complexity

Methodology of BCP :  US Doctors Do Full Third Party Insurance

  1. Understanding total efforts to develop plan
  2. Support & participation of management
  3. Defining recovery requirements
  4. Documenting impact of loss to operations & business
  5. Focusing on disaster prevention & impact minimisation
  6. Selecting BCP Team
  7. Developing BCP Plan
  8. Integrating BCP into ongoing business planning

Eight phases of developing BCP :  Pakistan V Bangladesh Delayed  Playing Their Match in India

  1. Pre-planning activities
  2. Vulnerability Assessment
  3. Business Impact analysis
  4. Detailed definition of Requirement
  5. Plan Development
  6. Testing program
  7. Maintenance Program
  8. Implementation of Plan

Task performed in Vulnerability Assessment :  Air India Cancel Staff Flight Services  

  1. Assessment of systems security and communication environment
  2. Improve any existing emergency Plan
  3. Communicate present findings & recommendation to Steering committee
  4. Define Scope of Plan
  5. Develop plan Framework
  6. Conduct awareness Session

Contains of Detailed Definition of Requirement or Profile of Recovery Requirement:  High Speed Diesel N Petrol  

  1. Hardware
  2. Software
  3. Documentation
  4. Network
  5. Personnel

Components of BCM process:  Sachin Develops Testing and Training of Mumbai Indians    

  1. Strategy process
  2. Development & implementation process
  3. Testing & maintenance process
  4. Training process
  5. Management process
  6. Information collection process

Classification of Critical activities :  VED    

  1. Vital
  2. Essential
  3. Desirable

Parameters considered in business categorization of VED:  PC – Revenue and Reputation    

  1. Productivity loss (man hrs)
  2. Customer satisfaction decrease
  3. Revenue loss
  4. Reputation loss

Disaster scenario :

  • 1-2 Trivial
  • 3 Minor
  • 4 & 6 Major
  • 9 Catastrophic

BCM Maintenance :  Overseas Countries Praising Modi Version     

  1. Ownership
  2. Communication
  3. Prevailing system
  4. Maintenance process
  5. Versions

Types of Plan :

Emergency Plan 4 aspects :  CAER 

  1. Whom should be Contacted
  2. Actions to be undertaken
  3. Evacuation procedure
  4. Return procedure

Back up Plan following resources must be considered :  PHD Facilitates Supplies for DAS    

  1. Personnel
  2. Hardware
  3. Documentation
  4. Facilities
  5. Supplies
  6. Data / information
  7. Applications software
  8. Systems software

Recovery Plan                                                                        

  • > Set out procedure to restore information system
  • > Recovery committee for execution of plan
  • > Plan should be tested periodically

Test Plan

  • > Identify deficiency in other plans
  • > Simulate range of disasters

Types of Back ups :

  1. Full back up
  2. Incremental Back up
  3. Differential Back up
  4. Mirror Back up

Alternate processing facility arrangement :

  1. Cold site
  2. Hot site
  3. Warm site
  4. Reciprocal agreement

Disaster Recovery Procedural Plan :  Candidates Exempt in FR Secure Rank; CV in CD  BEEM     

  1. Conditions for activating plan
  2. Emergency procedure
  3. Fallback procedure
  4. Resumption procedure
  5. Schedule of testing
  6. Responsible person for executing plan
  7. Contingency plan
  8. Vendors List…contact no, address
  9. Insurance papers
  10. Names of employees
  11. Checklist for inventory taking
  12. Details of airlines, hotels,
  13. Back up location
  14. Employees phone nos.
  15. Emergency phone nos. Police, hardware software suppliers
  16. Medical procedures in case injuries

Audit of BCP /DRP :  EBT Revise Op. Bal. Unnecessarily DR Instruction / Permission BINA     

  1. Determine if DR/BR plan Exists
  2. Back up procedures are sufficient
  3. Test plan exist and to what extent it has been tested
  4. Resources have been made available to maintain plan
  5. Obtain and review existing plan
  6. Background information for preparation of plan
  7. Understanding methodology used to develop existing plan
  8. Plan is Dated each time and current version is used
  9. Review back up procedure in general
  10. Interview functional area managers, whether they have clear understanding of their roles.
  11. Personnel : contact information of key employees
  12. Building, Utilities and Transportation : Building engineer to inspect building soon after disaster. Building safety features regularly inspected
  13. Information Technology : Reflects current IT environment and includes prioritization of critical application and systems
  14. Names & numbers of suppliers of essential equipments
  15. Approval to expand funds that were not budgeted