How to prepare for accounting standards

Sourabh (Student) (360 Points)

01 October 2014  

Hello friends,

As we know accounting standards are very crucial for both FR and Audit paper.However I am having trouble in doing practical questions of the same.I understand and learn theory points but cannot answer practical questions.Sometime I am not even sure which accounting standard the question relates to.

I am studying AS from DS Rawat book

I think I will have same problem in Standards on Auditing too,please help