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CA IPCC Accounts Self study, not a hard nut to crack !!

Dwaipayan Paul 
on 12 July 2017

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Never think there is anything impossible for the soul. It is the greatest heresy to think so. If there is sin, this is the only sin; to say that you are weak, or others are weak - Swami Vivekananda.

Yes you heard it right. You can score good marks in  CA IPCC Accounts with self study. Now I will be discussing here about Accounts of both group of IPCC.

I am dividing my discussion into 2 sections

1) Books required
2) How to study
3) How to revise
4) The EXAM DAY

1) Books required: 1) P.C TULSIAN 2) ICAI STUDY MAT 3) ICAI PM 4) ICAI RTP (last 4 terms only) 5) AS by D S RAWAT6) HANIF MUKHERJEE (optional)

2) How to study: Well its always better to start from beginning. So start with Accounting standard. Take D S RAWAT book and start reading from the beginning. You will find it very interesting because AS has been written in very easy language. After reading each AS try solving the sums given at the end of each chapter. Quoting AS is must to get good marks in Accounts. So, try to mention it while solving sums. After you have done with it come to PM and SM  and practice all the sums given there in. Try to copy the approach for writing answer for AS questions given in PM.

After you have completed the AS come to PC TULSIAN book. Here also start with the beginning chapter. Read the theories, instructions and procedures given in the chapter for solving sums. Unless and until you clear with your concepts you cannot expect to have good control over sums. Go step by step as given in the book. "Direct sums pe mat jao,pahele concepts ko samjho" There may be some students doing sums after sums, though unable to answer basic questions. Focus more on concept than practicing sums after sum at the initial stage and the closing days before exams. You may also use accounts book by Hanif Mukherjee. Its a very good book to build concepts. After You are done with Tulsian book go to PM and SM also. You will find lots of sums given in pm and sm is same as you did in Tulsian book. So, avoid it.

Take a note book. Note down the point that you may be unable to understand. Ask it from your friends, seniors, search Youtube, post your queries to forum that are available and get it resolved.

3) Revisions: When you are done with the whole syllabus once, make sure you revise it atleast 3 times (6-7 bar bhi kam par jata hai kisi kisi ko).The more you revise the more will be the things under your control. There may be certain sums which you feel low in confidence while solving it. Mark it with a different colour pen so you don't forget to revise it before THE EXAM DAY. During the closing days of your revisions give more importance to methods and procedures and concepts, because you have to do things quickly.

And most importantly keep in mind about the time constraint which is the biggest challenge. From learning to revisions, all these have to be done within short span of time. So it is always advisable to plan your study schedule accordingly.

4) The EXAM DAY: Well this may be equally applicable to all practical exams. What you have do is HOLD YOUR NERVE. ICAI always try to shock students with new types of question pattern. Do not panic. Just start with the sums that you feel comfortable to do. As you will  proceed further you will be feeling confidence.

All the best !!

Apart from that I am a CA finalist and I Got 73 and 70 marks in Accounts and Adv. Accounts respectively by following the above approach through self study. 

The author can also be reached at dwaipayan65@gmail.com


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