Why Study Material by ICAI are not popular?
Actually Study Material issued by ICAI are very huge
It is very difficult for an ordinary student to complete such books and revise as well.
They are also boring.
So, most students preffered Private Authors' books, which colorful, short and exam oriented otherwise Study material by ICAI are best.
I would recommend you to use practice manual completely + Suggested Answers + RTPs.
Honestly I feel study material are best, if you have guts to complete them.
Let me tell you my stratery for CA IPCC Nov. 2013 G2 Exams.
For Auditing, I am using CA Surbhi Bansal Book as a base and Study Material for refrence.
I feel CA Surbhi Bansal mam book is good from exam point of view and study material to understand the concept clearly.
Seriously there are many good points in study material which are good enough to proof that study material issued by ICAI are awesome.
Private Author Vs. Study Material
Private Authors books contain only the provision in simple language.
ICAI's books have reasons behind these provisions. This makes learning easy.
Most awesome thing about study material, few days ago I was searching for a summary book on Audit, ICAI's books also have summary after end of every chapter and in beggining of chapters.
I would suggest you at least give some hours to study material and you will love them.
I was one of those who was against study material but when I read some Toppers interview and webcast by ICAI. I refered them and I started loving them.
In Accounts, I am taking classes from Praveen Sharma.
After completion of each chapter I used to refer Study Material to check whether all questions and concepts have been covered.
It is irrelevant for me to read whole study mat again if I am taking classes for Accounting.
For IT, I am using Dinesh Madaan Book as a base for exam and ITT books + Study Mat. by ICAI as reference for understanding purposes.
For SM, I am using only PS Rathore Sir book as I feel it is completely based on ICAI study mat. and covers whole study material in question/ answer format.
I am 100% sure my whole syllabus will be completed till 31 aug except IT.
From 1 sept. I am planning to cover practice manual by ICAI and revise whole course again and from 1 Oct. to cover RTP and Suggested Answers.
then from 15 Oct. I will try some Mock Tests by ICAI and other private coaching classes.
Hope here you will get an idea of importance of study material and its use.
Lastly, this was my personal view and technique to study. Your technique may differ.
If you want to know more about how to study, from where to study, which book should be used, whether ICAI books are good or not, read Toppers interview available on CCI. No one can give better advise than them.
Ya!! you should also see webcast avaiable on ICAI.org
for more refer --> http://www.caclubindia.com/forum/preparation-tips-for-ca-ipcc-exams-260755.asp
For Group 1,
In Accounting, I had not followed ICAI material as I took classes and revise them only.
In Law, I would say must refer study material because there are lot of topics in study material not covered in private authors and they can be asked in exams. There are also many mistakes in private authors books which is not possible in ICAI books. This was my personal experience in May 2013 attempt for CA IPCC G1.
In CAFM, I took classes and reffered only coaching material and I think study material by ICAI is not good for CAFM.
In Taxation, I reffered VKS for IT and ST and VAT for ST and VAT. I think again study material is not enough for Taxation.
Refer study mat. for Law, Audit, ITSM - Theory subjects.
Check whether all concepts have been covered in practical subjects like Acc/ Adv Acc/ CAFM/ Taxation.
Don't Ignore Practice Manual and RTP
Must take at least 2 Mock Test of each subject.