One of the most important skills for chartered accountants is accounting. The ‘Advanced Accounting’ Intermediate level paper focuses on financial reporting and regulatory demands of corporate entities, banking, financial services, and insurance. I learn how to apply specific Accounting Standards, Guidance Notes, and legislations to various transactions and events, as well as prepare and present financial statements for business entities, in this paper, and (ii) understand and apply financial reporting and regulatory requirements in the Banking, Financial Services, and Insurance sectors.
The ICAI allows students 15 minutes to read the paper at the start. These 15 minutes are incredibly important and, if used properly, may significantly improve your score. Use this time to complete the following tasks:
Presentation abilities – You do not need to have beautiful/extraordinary presentation skills for practical issues like these. Basic hygiene, on the other hand, is required. You must have an answer sheet that the examiner is interested in reading.
CA Intermediate Advanced Accounting carries a higher weighting than CA Intermediate Advanced Accounting. The questions must be written down, as well as the answers. Take as many Mock Tests as you can. Presentation is really crucial when it comes to getting excellent grades, especially in theoretical papers. Use the ICAI Practice Manual, Study Material, or Suggested Answers to improve your presentation. Weightage of CA Intermediate Advanced Accounting Marks
|Advance Accounting (Intermediate)|
|Name of Chapters||Marks Weightage|
|1||Application of Accounting Standards||18|
|3||Accounting for Employee Stock Option Plans||8|
|4||Buy Back of Securities and Equity Shares with Differential Rights||8|
|5||Amalgamation of Companies||12|
|7||Liquidation of Companies||8|
|8||Financial Statements of Banking Companies||8|
|9||Non-Banking Financial Companies||6|
|10||Consolidated Financial Statements||14|