Exam style part 1

*RENU SINGH * (✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )   (21612 Points)

27 February 2012  

hello everyone ....
goodafternoon.....
 Accounts is totally practical exam. But still contain theory and theory questions repeat everytime. So I really req to all of u to plz complete the compiler and read the paper's theory till  year2000.
First we have to focus on those areas which fetch more marks :-

In accounts there are 10 main chapters

  1. Accounting Standard
  2. Cash Flow statement ...focus on both methods. Bcz normally ICAI asks specific method ans which create problems
  3. Amalgamation and reconstruction :-  it's good to learn this in accounts format. rather than Journal entries. It's my experience.
  4. NPO
  5. Incomplete records
  6. Insurance claim :- In this mostly loss of profit policy is asked for 4 marks q
  7. partnership :- Including the sale and conversion
  8. Redemption of debentures
  9. Banking company ......easy n complicated chapter which fetch 8 marks
  10. Branch.

 

Law :- I had referred paduka. You can follow whatever book , u learn from. There are 16 chapters 

  • Your main focus should be on ethics n communication
  • And in communication main focus on deeds and notice
  • M.law even though cover 10marks but still have a large syllabus.
  • chapters list :-
  1. Contract Of  Indemnity/guarantee
  2. Bailment & Pledge
  3. Agency
  4. consideration ..............do the above in same order  during revision. These no are allocated on basis of their importance
  5. Negotiable :- min 8 marks
  6. bonus :- min 5 marks
  7. gratuity :-min 5 marks
  8. EPF & Insurance scheme
  9. Memorandum of association
  10. meetings (all) 
  11. Prospectus and share transfer
  12. Corporate governance and CSR
  13. Ethics in marketing and consumer protection
  14. Business ethics ( def asked in deep way )
  15. Essential of communication
  16. Interpersonal communication skills
  17. Deeds and meeting
  • Power  of attorney
  • Indemnity Bond
  • partnership dissolution deed
  • Minutes
  • Board's meeting notice
  • AGM meeting notice

Costing :-  I had referred P.C.Tulsian which had last years papers . so was an advantage to me

  • Contract costing ;- Main focus on 2 years. But still depends on examiner's wish also ....so a simple question can also come
  • Process :- q is mainly based  FIFO method mostly but yes average is not tough if u understood FIFO method.
  • Standard Costing & Marginal costing & Budgeting
  • examiner used to mix any 2 chapters from the above 3
  • Overheads .........I hate this chapter. But yes question comes in examination almost everytime ....4 no ka hi kyu na de.. examiner love this chapter.

Make sure ..............

  1. For preparing practical subjects make a separate register always which contain only formulas not ur practice.
  2.  You still have time for may exams. So Practice these chapters atleast.
  3. And note down  every mistake,even ur silly mistake in your formula book , even though u made the same while making a bird's eye view. Trust me this works a lot.
  4. But make sure that whenever u wrote ur mistakes, give supporting example also. So you don't have to open ur book to understand ur mistake.
  5. Mark 1 big question which contain everything of ur chapter. Read only that question on exam day. It saves time a lot.
  6. Finally don't try to ruin my efforts by just over viewing my message.Follow it. Rest is, still ur call .....

 

Regards

Renu