I am a IPCC student going to give both grps in MAY 2013 Please tell me whether I can complete the entire syllabus of both books in 5 months???Or should I think of giving 1 grp only.
Rahul Walame (Chartered Accountant) (580 Points)
02 December 2012I am a IPCC student going to give both grps in MAY 2013 Please tell me whether I can complete the entire syllabus of both books in 5 months???Or should I think of giving 1 grp only.
Sanjay Suresh
(Student)
(98 Points)
Replied 02 December 2012
Completing your syllabus in 5 months is an easy task provided that you organise your studies well. Just put in a daily 8 hours minimum to 12 hours maximum into your studies depending on your mindset. And don't let anyone scare you saying that CA IPCC is tough. The syllabus is not so hard. Its lack of practice that makes a student fail.
And don't make the mistake of attempting only one group. Give importance to both groups. Second group is very simple if you put some time and effort to it. Many people write only group 1 and most of them would have passed all 4 subjects individually but they fail their attempt just by lack of aggregate. If that happens to you, you can always adjust your excess marks in group 2 with whatever less marks you get in group 1. This can happen only if you write both groups together.
Work hard and put in ample efforts. Study every day, give in a dedicated 10 hours each day and i promise that you have a chance at being even a rank holder. All the best
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 02 December 2012
Rahul Walame
(Chartered Accountant)
(580 Points)
Replied 02 December 2012
I thank both of you for your valuable suggestions I have joined a coaching centre which goes ffor 8 hrs on a daily basis .Please tell me how much more hours I should study .In addition to this I would like to tell you that I am going to stdy itsm and audit on my own.Please help me out.
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 03 December 2012
Sanjay Suresh
(Student)
(98 Points)
Replied 03 December 2012
Do you go for coaching classes for all subjects except ITSM and Audit? then study for 3-4 hours on a daily basis. Whatever you study in coaching, practice that at home and have a very strong conceptual understanding. Studying ITSM and Audit at home itself is enough to score well. I'll tell you the usual mistakes students do in each subject.
In tax, study service tax and VAT very thoroughly. these 2 are very easy chapters and will help you score atleast 35 out of 50 if preparation is adequate. In direct tax, usually students study only business income, capital gains and salaries properly. This is one mistake you should not commit. Don't skip clubbing of income, TDS, assessment procedures, Chapter VI-A deductions and those other small miscellaneous chapters. If you don't study them properly, you wont be able to complete a 16marks question fully.
In costing, please practice all the sums very thoroughly. Conceptual understanding is very important and practice is equally important. The first few times you practice, you are bound to make lots of mistakes which can be corrected only through repeated practicing. If you dont practice, then the first practice you'll be giving will be during the exam and you cant complete a sum without making mistakes. And one big mistake students make is that we dont study theory properly. Study theory very thoroughly. Some concepts in a sum could be understood only by studying theory. And theory constitutes for 35-40 marks(both costing and FM together) in the paper. Theory questions in the exam will be very easy and whatever you write will be given good marks.
Advanced Accounting is very simple. There are only formats to study.
Auditing, studying of theory is not enough. Remember key points also. If you're writing your answers in paragraphs, underline the important key words or lines. So then the people correcting your paper will see only that and will skip out a few other lines. So they might skip a few lines that you have written wrongly also.
Know your subject before you study. Hope you do well and i wish you all the best. Good luck!!
Rahul Walame
(Chartered Accountant)
(580 Points)
Replied 04 December 2012
Thanks sureshji.Please give me some more tips fr sm paper also.
Pankaj Saraogi
(Faculty - Tax Laws)
(611 Points)
Replied 05 February 2013
For CA IPCC – Amendments made by Finance Act, 2012 (AY 2013-14) in Income-tax & Service-tax – Must for IPCC students appearing in May 2013 attempt. For notes, visit: www.saraogi.co.in
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