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CA.ViVeK M ACA (ACCOUNTS DEPARTMENT)     06 August 2010

Guide for P C C and I P C C exam preparation.. You can clear

Dear PCC and IPCC students,

 

I am hereby giving you some feed back for your better result for your November exam. I hope this guidance will be useful for you in many respect.

 

Try to work hard and smart for the 2 and half month.

 

The reference books given here are in addition to the ICAI modules.

Better try to write point wise rather than essay time

 

 

Accounts paper

 

Reference Book recommended:-

1)      MP Vijay Kumar

2)      Padhuka

3)      Tusian

Approach to studies

 For scoring more than 60 Plus mark, you must have a sound knowledge of entry formation part.

Read the problem carefully, mark the figures. Try to understand the information which is available for solving the problems and understand the concepts. If possible try to document it in a note book. It will make you easy during the revision stages.

 

Solve the exercise thereafter only.

 

Refer scanners and suggested answers.

 

Advance accounts

 

Reference book recommended:-

1)      MP Vijay Kumar

2)      Rawat

 

Approach to studies

Go through the concept part of accounting standard first. Go it to the detailed level and make good notes

 

Try to solve all the previous accounting standards problems.

 

Business Law and corporate law

Reference book recommended:-

1)      Munish bandari

 

 

 Approach to studies

 You can simply leave EPF Act or Contract Act or Negotiable instrument Act since you may be having options. It is just recommended in nature only.

 

Understand all the provision with extra care of all the case laws. Make special notes. Use Mnemonic technique (Abbreviation Technique). Take more time with the sections, understand the logic of the section, Go through the case law which is favouring and against of this sections.

 

Uses inter linked technique for exam. There are some questions which may hit many of the sections at a time.

 

If you don’t know a particular section number, better to leave the same. Quoting of wrong section number may cause vanishing of full mark.

 

Revise it periodically.

 

 Costing and Financial Management

 

Reference book recommended:-

1)      Padhuka

 

Approach to studies

Try to solve the Solutions part from Padhuka

Read the question understand the questions. Mark all the figure data. Try to understand what are the information which is available for solving the problems, what are the information which are missing and also understand the Conceptual part. A conceptual error will make more lose of mark than a normal error and failing this paper. Try to solve the similar exercise, without referring the similar kind problems.

 

Never ever look the solutions. Try to solve the problems own your own. This is for self study candidate.

 

Never confirmed alone to coaching materials if you had undergone for coaching. But never look the solution.

 

 Do the problems from suggested answers and scanners.

 

Use time management strategy for the exam. Costing and FM is normally lengthy in nature.

 

Income Tax papers

 

Reference Book Recommended

1)      T N Manoharan

2)      Padhuka

3)      Singania

 

Approach to studies

 Be thorough with All the 5 head of Income, Deductions under chapter VI A, VAT, Gross total income problems.

 

Be update with the amendment which is applicable for your exam.

 

Give notes to the problems in Gross Total income.

 

Must have a good conceptual clarity for all the provision of Income tax Act this will help you to write the practical questions with much effectively and efficiently. If you are through in the above area. You can easy to score 60 plus range.

 

Auditing and Assurance

 

Reference Book Recommended

1)      Padhuka

2)      Surabhi Bansal

 

Approach to studies

 

Through knowledge  of Accounting standard , SA, CARO  etc is important ( Good volume of the questions are from this area.

 

Good knowledge with Company Audit one, Two, special audit etc is warranted.

 

Just read the basic concepts and internal control

 

Use interlinked concepts. In exam question may encompass more than one area. For an example if questions from going concern is set in audit how can you write it. In AS one there is a going concern assumption validity. In SA  also Going concern approach is there. In CARO Report also going concern approach is hitting. Give your good conclusion which is hitting in all these area.

 

 Information technology

 

Reference book

1)      Dinesh Madan

 

Approach to studies

 

Give equal weightage to both IT and SM.

Understand the concept well  and make a documentation. This subject doesnot have any commercial back ground so that there is a vulnerability of being lose  so make a good notes

 



 20 Replies

rahul

rahul (article)     06 August 2010

sir

from where i can get soft copy of suggested papers of IPCE May 2010 ?

Chirag Kamleshbhai Desai

Chirag Kamleshbhai Desai (Article)     06 August 2010

sir 

how could i get the better marks in F.M./costing?

RAMESH SHARMA JANGID

RAMESH SHARMA JANGID (CA FINAL )     06 August 2010

hi rahul u can download all papers with solution from caclubindia.com

1 Like
CA.ViVeK M ACA

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT)     06 August 2010

Originally posted by : я @ мє$н J @ ngir

hi rahul u can download all papers with solution from caclubindia.com
 

then please give the link also...other wise need to wander know...Also rahul need to specify which exam to which the suggested answers pertains to...

CA.ViVeK M ACA

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT)     06 August 2010

ANY COMMENT

ddpaw

ddpaw (student)     06 August 2010

thank u very much, i heard that  MP Vijay Kumar is also good for law,will please tell me the better one with some reasons. thanks once again

CA.ViVeK M ACA

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT)     07 August 2010

good session with a least student feed back

CA.ViVeK M ACA

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT)     07 August 2010

 

Originally posted by : darpan

thank u very much, i heard that  MP Vijay Kumar is also good for law,will please tell me the better one with some reasons. thanks once again

It is in deed good

Parthraj Parmar

Parthraj Parmar (B.Com ARTICLE CA FINAL )     08 August 2010

Vivek Sir,

Thank you for spending your valuable time and providing us with such a wonderful guidance.

Thanks....

Parth

Santhosh Poojary

Santhosh Poojary (SIEMPRE AHÍ PARA TI)     08 August 2010

Thanks for guidence...

Whizkid

Whizkid (student)     11 August 2010

where can i get this "Dinesh Madan" Book for infotech..?? Any soft copy of d same is avlbl...?? would be realli helpful...

CA.ViVeK M ACA

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT)     11 August 2010

Originally posted by : Divya

where can i get this "Dinesh Madan" Book for infotech..?? Any soft copy of d same is avlbl...?? would be realli helpful...

Why you can refer padhuka also

CA.ViVeK M ACA

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT)     12 August 2010

Give your Feed back

Vikrant

Vikrant (Chartered Accountant)     12 August 2010

Thanks for your guidance sir,

I am appearing for group 1(IPCC) in may2011.

Sir, i like only practical subjects and i like theory also but, i hate things where rattafication is required........

Sir could you suggest me how can i study law??without making a ratta of the course .....


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