I shall post about ISCA by tonight.

thanks for sharing.. hope u will post for other subjects too

@ Kaya, please do a research work on ur side by taking papers and look at it yurself to see how we have been just reading the book for many times and just got 50'ssss.

I just uncovered it. Hope you all find the benefit of it. Lets all clear this november.

"Beyond this, please give a reading of all the chapters in the book like sidney sheldon or Harry potter not more than once before the exam.This would enable you to attempt 10 marks more helping you get 3-4 out of it"

Maya...r u serious abt this??? i didn't get the logic behind this!!!!

Y  sidney sheldon or Harry potter ???

Originally posted by : Shekar
	"Beyond this, please give a reading of all the chapters in the book like sidney sheldon or Harry potter not more than once before the exam.This would enable you to attempt 10 marks more helping you get 3-4 out of it" Maya...r u serious abt this??? i didn't get the logic behind this!!!! Y  sidney sheldon or Harry potter ???

Thank you shekar, didn't have the time to proof read. I have modified

  Information Systems and Control Audit
 

1. SDLC and Control have been amended. Please do expect a good amount of questions from these two chapters. Traditionally controlling alone has been tested for 15-20 marks wth SDLC forming a very less importance in new syllbus papers. Since SDLC has been amended, please study this topic thoroughly from ICAI MODULE ONLY. SDLC ( I expect 10 marks minimum this time)

2. Thorough Knowledge of ERP, standards and act will give 30marks.

3. For the Information technology amendment act, please study that from ISCA practise module issued recently by ICAI.

4. Remaining Risk, Testing, BCP, policies form the remaining 30 marks. Its not difficult to identify what to do in ISCA as there is no confusion.

I generally dont recommend books as comfort factors differ. For ISCA, I feel, books play the most important part of the approach.

1. Dinesh Madan for Chapter 1,4,5,6,7,8,10

2. ICAI module: 2,3,9

3. ICAI Practise module: IT amendment act

This Practise module of ICAI prepares us well for exams. please go through all the questions and apply ur knowledge on those questions.

Every time ICAI introduces a new material for the student fraternity, most of the questions come from that book. ICSA practise module is the new book released. please get that book and read all questions. A few might come in the paper

Idhuvum Kadandhupogum

Maya

hey can tel strategy for first group subjects

RAM

FOR OTHERS?

FINANCIAL REPORTING

Its always hard work which pays high rewards absolutely, but smart work pays higher rewards relatively. For eg: Spending 100 hours might give u 75, but spending 50 hours the smart way assures 65 for sure.

Traditionally and even in present, the pattern of testing has been like this

Consolidation - 16 marks

Amalgamation - 16 marks

Valuation - 16 marks

Others - 52 marks

Total -    100 marks

The break up mentioned above is the trend and its been followed sincerely with a slight relaxation in the concept of valuation which is tested in alternate exams in the recent papers.

Now how to go about things,

If u take any text book, consolidation, amalgamation and valuation form 75% to 80% of the volume and time taken for preparing for accounts. Others which form only 20-25% of the volume and time are the ones which are helping you for 52 marks.

Ranking priority and from where to study.

1)Others-52 marks

In case of others-52 marks

a)Accounting standards form 20/52.

How to study???? The following will help you score 16-18

a.1) Study 1st chapter accounting theory in the final accounts compilation which will be 74 pages with a lot of standards covered and repeat.

a.2) Then read the following standards spearately from the book of your comfort

AS-11,16,17,19,20,22

b) Other topics from study material or any other material of your comfort.

GVA,SHVA,MVA,EVA,HR reporting, Inflation accounting, Employee share based payments, Accounting of financial instruments and accounting of MF, NBFC, merchant bankers and stock brokers.

These topics may be around 150 pages in the study material with the maximim of 25 problems with all topics put together in the ICAI module. Please be thorough with all these topics. This will take care of remaining 32 marks

IMPORTANT NOTE:

OTHERS GENERALLY FORM ONLY 52 MARKS BUT DURING THOSE TIMES WHEN VALUATION DO NOT BECOME A PART OF THE PAPER 52 BECOMES 52+16=68 as AMALGAMATION AND CONSOLIDATION ARE SURE SHOT QUESTIONS.

If you are thorough with others, then go for valuation as this is the chapter easiest to understand and solve right in the exam fear and pressure. I suggest this topic because this forms part of the SFM syllabus too.

In this case u can write the paper for 68 minimum and you are thorough with 68 marks.

Now move ahead and learn whatever you can in the little time left in the case of amalgamation and consolidation. Learn a few working notes. that will fetch u around 3+3 out of 38 minimum.

With this 60 isn't impossible??????????????

PS: I cleared my PCC in nov 09 and wrote final both groups may 10 following this strategy. My top score was in accounts which was 48 and i wrote the paper only for 52. i didnt know consolidation, amalgamation. planning to learn some working notes for this attempt so i can go till 60. Due to a notification regarding financial instruments accounting, i left that topic for choice and it was a 12 marks question. I missed it and thats why 48 or else would have got around 55-56. 

All the best Guys, please do research and check whether my findings are right.

Idhuvum Kadandhupogum

Maya

Nice plan.... thank you for sharing............

Very Much Helpful...

Thanks a lot Maya

Keep it up... for all the 8

thanks

For the help

What about DT and costing sir..............?? pls. give some strategy......

thanks for sharing