| CA IPCC NOTES |EXAMINATION TIPS |BOTH GROUPS | IMPORTANT TOPICS |MAY NOV 2017|
Accounting is all about common sense. This is one of the important subjects, because, it helps a lot in securing the required aggregate marks in the group.
A few recent facts are stated below:
On a sample survey of last four IPCC exams, it was found out that, if you take 100 students who have secured exemption in Group 1, among those 100, a staggering 60-70 number of exemptions have come from the Accounting subject.
In another survey of students who failed in the May 2015 exam but got an exemption in one or more subject, there are 68% students who have got their exemption only in Accounting. The trick is choosing a wise material.
Recent toppers have stated that, ICAI’s practice manual is the best and that’s what makes the difference
Partnership – Retirement
Insurance for loss of Profit
AS 6,9 and 10
Law Ethics and Communication:
We have conducted a survey of 160 students who have secured exemption in Law.
Below are a few notes they have made: Side-headings, Side-headings and Side-headings. 56% of the students have told the same thing.
The importance of sub-headings. Once you write a suitable sub-heading, the examiner will have no need to go into the matter.
70% of the students have given the credit to Ethics and Communications. Ethics and Communications have a comparatively very much smaller syllabus. Combined reading based on sub-headings have got them the success.
For Law, most of the students have credited the need of ICAI Practice Manual
Ethics in Accounting and Finance
Communication channels and Ethics
Costing and FM:
Recent stats say that, out of the students who have failed Group-1, 72% have failed in Costing and FM along with some other subject, and 46% students failed only in Costing and FM. This subject has two shades.
It has been a boon for a set of students and for some, it has been a curse. So we decided to go deep into the matter and have inquired 300+ students, which includes students who have been failing this subject for at least two attempts and students who have got exemptions.
We also extracted much needed info from a student from Vijayawada who scored 86 in this subject. Almost all the students who succeeded in this have noted the same point, PRACTICING WITH PEN AND A BOOK.
A close analysis of the preparation style of students who have been failing revealed that, most of them were just going through the questions and not putting them on to the paper.
Not just Seeing, PRACTICE, PRACTICE and PRACTICE. By looking at the book, it looks like everything is ok, but once you put the pen on the paper, it wont move after two steps.
Second point is the presentation. Costing is all about presentation. You may bring the solution, but unless you present it in a format, you are not going to score marks.
We have obtained the certified copies of a few students which revealed the same
You Can also check COSTING FM IMPORTANT TOPICS BASED ON PAST TRENDS
t Contract Costing
Joint and By Products (Theory)
Cost of Capital
Cash Flow Statement
Management of Working Capital
The first thing you need to start and finish is VAT, and then Service Tax and then move on to Income Tax,THEN LASTLY DO EXCISE
There have been plenty of amendments in Service Tax and recent Practice Manual is well updated with all the changes and very good practical questions.
Most important point you should remember while preparing for Taxation is,
NEVER READ A BULK OF SYLLABUS IN A SINGLE DAY.
Taxation is a tricky subject who should be prepared over a period of time. Don’t finish topics in a single stretch. For that day you may feel like you got that but after a week, everything comes to the starting point. Slow and Steady.
: Residential status, Clubbing, House Property
ST: Valuation, POT, Returns VAT: Calculation and procedures Important Theory Questions:
Benefits of Composition scheme under VAT
Advance Payment of Tax on Capital Gains (5M)
Deduction u/s 80CCG Section 197A (1F)
Students are advised to prepare the Advanced Accounting paper from ICAI's Study Material.
Accounting Standards are good scoring topics. Use DS.Rawat book to prepare Accounting Standards and there are 99% chances that questions will be asked from the same
. Important Topics: •
AS 4, 11, 26 (5M and 4M Questions) • Revised Schedule VI • ESOP • Financial Statements of Electricity Companies • Dept. Accounts • Amalgamation of Firms
Auditing and Assurance:
Auditing is a very tricky subject while preparing.
AUDITING MNEMONICS NOTES
You can check audit easy notes
Students should prepare for exam with special emphasis on certain chapters.
Prepare the chapters in the order as listed out below
: Company Audit -1
Verification of Investments and Loans
Vouching of Payment of Taxes, Investments
SA 240, 402, 550, 570, 610, 720
Information Technology and Strategic Management
You can check ITSM FULL NOTES
STRATEGIC MANAGEMENT 11 Pages notes
CA IPCC SYUDENTS CAN ALSO SEE
2. CA IPCC TAX AMENDMENTS NOV 2016
3. HOW TO REMEMBER STANDARDS OF AUDITING MEMORY TECHNIQUE
4. CA IPCC AUDIT AMENDMENT NOV 2016
5. CA IPCC TAX NOTES NOV 2016
6. CA IPCC ACCOUNTS FULL NOTES
7. CA IPCC AUDIT EASY NOTES
8. CA IPCC ITSM LATEST NOTES