Important Suggestions for IPCC/PCC
Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8310 Points)
30 July 2010
Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8310 Points)
30 July 2010
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
Suggestions for Group II IPCC. & PCC.
Paper 1 & 5 : Accounting & Advanced Accounting.
· In Accounts Hanif Mukherjee And Padhuka both are best.
· Try to understand the problems with solutions given in the book and than go for exercises.
· For Accounting standards go for Bharat as it is precise and inclusive of all solutions from past exams of PE-II,IPCC and PCC based on accounting standards.
· AS are very important as it is asked both in Accounts as well as in auditing.
· Compilations are most useful next to study material. Go through it for each chapter so that you can know how to write the paper and what does the Institute expects from us.
· In accounts please go for theory of each chapters first as It would help more than direct practical part.
· Do not leave anything in option. Because options have been removed and all the questions are compulsory.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
ACCOUNTS
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
Suggestions for Group II IPCC. & PCC.
Paper – 6 : Auditing & Assurance
· Use study material only as far as possible.
· But if you find anything difficult or if you are not getting the language properly than Padhuka is best
· Compilations are most useful next to study material. Go through it for each chapter so that you can know how to write the paper and what does the Institute expects from us.
· As far as SA i.e AAS are concerned please prepare from D.S. Rawat
· But do not spent too much time behind SAs as if you can complete study material fully, you will automatically have completed most of the important SAs.
i.e Do not try to mug up. Even in Auditing also ICAI requires practical
applicability of theoretical knowledge. As it is tendency of the institute.
· Try to apply practical knowledge as if you were conducting audit of that particular entity in Vouching, verification, Inter control Practical questions and specially special audits.
· Do not leave anything in option. Because options have been removed and all the questions are compulsory.
· Generally short notes are from First 4 chapters.
· And also one more thing in True or False questions try to be as precise as possible in your answer and give reference to sections if possible. But if you know the provsions you can get 1 to 1.5 marks easily.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
Auditing & Assurance
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
Important Suggestions for PCC and IPCC Students for Exams & Preparation.
Law, Ethics and Communication.
Syllabus of Paper – 3 Business and Corporate Laws:
The given below table describes weightage of marks including options
|
Chapters |
Particulars |
Avg.
Marks |
|
CHAPTER - 1 |
The Indian Contract Act, 1872 |
15 |
|
CHAPTER - 2 |
The |
10 |
|
CHAPTER - 3 |
The |
10 |
|
CHAPTER - 4 |
The Negotiable Instruments Act, 1881 |
15 |
|
CHAPTER - 5 |
The Payment of Bonus Act, 1965 |
10 |
|
CHAPTER - 6 |
The Employees Provident Fund and Miscellaneous Provision Act, 1952 |
10 |
|
CHAPTER - 7 |
The Cooperative Societies Act, 1912 Including the Multi-state Cooperative Societies Act, 2002 |
10-15 |
|
CHAPTER - 8 |
The Companies Act, 1956 |
55 |
|
|
Total marks with options |
135-140 |
Books to be Referred.
General Guidelines for Law
Business Law
· Start with easy Acts like Bonus or EPF. It will enhance your confidence.
· Go through module first. Don’t try to mug it up just understand the main
content of the topic.
· Note down the important points and cases in a separate book.
· Further try to complete special contracts first like quasi contracts,
bailment and pledge, indemnity and gurantee etc.. it is because most of
the questions in last exams are asked from this part only.
(The Indian Contract Act, 1872)
· Don’t waste too much time behind remembering cases and sections.
Its because institute wants knowledge from you about provisions regarding particular Act
Not sections.
If you write right section but your answer is wrong than you will not get
enough marks you m ight get just half or one mark.
But if you know the provisions and your answer is right and even if don’t write the
section or case you will get 3 to 4 marks.
I tried that thing and got succeeded in it.
Institute generally asks practical questions from
this chapter and also almost in every chapter in last exam.
So if you know the theory very well but if u can’t apply in practical questions you will
get only passing marks.
So compilation will be great source in understanding what institute wants from us
· Please don’t leave all the cases and sections if you have power and time to memorize
sections and cases than please go for it.
I am not saying that they are not important. But main thing is provisions.
· Just try to memorize important sections like minor-Sec.11 in
Mohiri Bibi vs Dharam das ghose.. of contract Act, 1872.
· Never try to leave in option anything completely. Just read it 2 or 3 times
for reference if any part is asked from such less important parts like general contracts in contracts. Its important because in case an easy question is asked from this part you can answer it easily rather than leaving it.
· Prepare a separate note for each chapter in which you should write the important topics, sections and cases and amendment if any (e.g. negotiable instruments act. In 2002) in brief which you can revise speedily at exam time. It is because you will not be able to revise all the lengthy 8 acts in two days on exam.
· I think you all have seen 3 idiots. It sends an awesome message which says that don’t be exam oriented be excellence oriented. Institute normally wants us to be aware of general and working knowledge of different acts not expertise so please don’t think about mugging each and everything
· For EPF act please write each and every answer at least 2 to 3 times in a rough book from compilation and module. It is so because it contains very rigid language and difficult to remember.
Corporate Law
· Please go through compilation first (including PE-II’s compilation)
· Then from G.K. Kapoor just go through for 1 or 2 times regarding different small terms and definitions like share, stock, share warrant, allonge, etc.
· Don’t spent too much time in Company law from module as it is lengthy and you also don’t have time to complete it. It is because Institute now asks mostly practical problems from each and every act. They hardly ask theory and also if they ask we can attempt it easily or we can took it in option. But please this does not mean that you should feel relax about company law. You have to do it but in a systematic manner as I did.
· From module do meetings and proceedings, dividends, borrowings, minutes & returns. It is because that part is much easier and also important from exam perspective.
Note:
1. Students of PCC and IPCC should not that above points are applicable to only those points which are in their syllabus.
2. Don’t follow points which are not applicable to you which is not in your syllabus.
3. Try to understand the basic method of working with Law subject.
With Regards,
Kalpesh Chauhan.
(PE-II November 2009. Paper -3 Business & Corporate Laws – 81 Marks).
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
Law, Ethics and Communication
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
First try to understand the basic criteria of basic definitions and methodologies of different terms used in Tax Levy. First understand the applicability of different provisions between all of the 5 heads of Income. Try to understand the provisions and figures i.e. %, dates, penalties etc Don’t afraid of the whole income tax book Of about 1000 pages and about 300 sections. SYSTEMATIC STUDY WILL MAKE THIS SUBJECT EASIER THAN EVER Prepare a chart for all the 5 heads of income . Write the section in big font and write the title of the provisions of that sections next to the section. Prepare Income Tax in 5 parts Go through compilations to see the pattern & types of questions asked in previous exams. Regularly visit ICAI’s website i.e www.icai.org for regular updates at least once a week. Taxmann is Best book for tax. So only 3 books i.e. Taxman, Module & compilation.Remember don’t leave anything in option as the options have been removed from Nov. 2009 in all CA exams. For Service tax & Vat you should go for Taxmann and Study material & also any amendments to both service tax as well as VAT.
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 30 July 2010
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
Taxation
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
Suggestions for Group II IPCC. & PCC.
Paper – 7 : Information Technology & Strategic Management
· First try to go for study material only in preparing.
· And Padhuka is best for distinguish and objective type of questions.
· Compilations are most useful next to study material. Go through it for each chapter so that you can know how to write the paper and what does the Institute expects from us.
· Flow chart and decision tables are very easy. Try to complete them in exams as well as in preparation also.
· As far as Strategic Management is concerned I do not know exactly the syllabus and peper style. I would say go for study material. It is ecause I am a pe-II student and I had Information Technology 100 marks paper.
· Do not leave anything in option. Because options have been removed and all the questions are compulsory.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
Paper – 7 : Information Technology & Strategic Management
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 30 July 2010
All the best
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
