How do I practice accounting & advanced accounting in CA Inter?

Report
Question

Please briefly explain why you feel this question should be reported .

Report
Cancel

How do I practice accounting & advanced accounting in CA Inter?

0

Answer ( 1 )

  1. Please briefly explain why you feel this answer should be reported .

    Report
    Cancel

    ACCOUNTING-

    This paper comes under Group 1 of the exams and is the very 1st paper you give.

    Accounting is really really scoring provided your concepts are clear, and you have practiced really well.

    When you start with accounting, try covering ACCOUNTING STANDARDS first. They cover 25–30 marks in a paper. (ekdum pakki baat hai yeh). Best part of AS is that they are easy, and are veryy very scoring.

    When you start AS, make sure you do it from the modules provided by ICAI. Solve all the illustrations, examples everything. Then go for any other material .

    NEXT UP-

    Start with-

    1. Departmental accounts
    2. Branch accounts
    3. Single entry
    4. Investment accounting
    5. Insurance claims

    Once you cover these chapters, you can now go for a bit easier ones, Hire purchase, Redemption of debentures/preference shares, bonus, pre and post.

    P.S – PARTNERSHIP ACCOUNTS FROM ACCOUNTS ( PAPER 1) HAS BEEN SHIFTED TO PAPER NO 5 THATS ADVANCE ACCOUNTING.

    ADVANCE ACCOUNTING-

    The accounting standards part remains the same here as well.

    Next up,

    1. Start Advance accounts with Amalgamation. Its an important and conceptual chapter. Practice it really really well!
    2. Next up, Consolidated financial statement. Again its a very conceptual chapter, kinda tricky ( i find it :P)
    3. Liquidation and Internal reconstruction. They are the easy yet lengthy questions. IF YOU CAN MANAGE YOUR TIME IN EXAMS, TRUST ME YOU CAN DO WONDERS.
    4. Banking companies. Make sure you know all the schedules and the formats really well.
    5. ESOP, BUY BACK, NBFC. are the brownie chapters. SUPER DUPER EASY, SCORING AND FOR SURE IS A PART OF THE QUESTION PAPER.

    P.S- UNDERWRITERS, INSURANCE CO, MUTUAL FUND, GOODWILL

    (following chapters have been excluded for MAY 2020 Papers and Partnership accounts has been added)

    there are also few changes in the AS.

    talking in general about the papers now, the only key for a good performance is, PRACTICE.

    ICAI MODULES are the MOST important study material so please do not avoid even a single question from it.

    practice few papers, they help to increase speed.

    Lastly, its very important to revise whatever you keep practicing or studying.

Leave an answer