Ipcc study plan accounting-costing-fm

Dear Students,

I had earlier proposed a Study plan for IPCC students for Accounting, Advanced Accounting , Costing & Fm on Nov 21st in the forum. till December 5th. Here's is the next phase study plan for the above subjects from Today to Jan 15th. This is a recommended plan and students can customize to their need. Any doubts on these topics - please feel to reach out to me at satmai45 @ gmail.com

For Bangalore Students - I had announced fortnightly - sundays evening Accounting standard Free sessions - no one turned up yesterday. Students willing to avail this opportunity can reach out to me in my email id above

All the best and hope your momentum for May 12 - IPCC has started

Regards, Satish - Tejas Learning Centre - Bangalore - HSR Layout

Accounting Standards
Revise AS 2 & 3
Reading AS 6 & 10

Partnership (Admission/Retirement/Death) –
Goodwill Treatment, How to draw revaluation account, SacrificingRatio, Gaining Ratio,Treatment of JLP - In case of Death, Goodwill - Super profit, Average Profit.

Insurance Claims

Hire Purchase Accounts

Accounting Standards.
Revise - AS 4, 29 & 20
Amalgamation & Absorption
• AS 14
• How to calculate Purchase Consideration
• Condition for Merger & Purchase
• Statutory Reserves
• Goodwill
Electricity Company
 Replacement of Assets
 Capital Base, Reasonable Return, Clear Profit, Disposal of Surplus
Departmental Accounts
Branch Accounts (Basic Problems)
• Stock & Debtors
• Foreign Branch
Partnership - Dissolution
 Dissolution - when partners are solvent
 Dissolution - When one partner is insolvent - Application of Garner v Murray
 Piecemeal distribution a) Maximum Loss method b) Highest relative capital method

Material
ROL,Max level, Min Level, Saftey Stock, Average level, ROQ,

Labor Incentive System

Process Costing
Normal Loss, Abnormal Loss, Stock valuation (FIFO,WAC),Equivalent Production

Operation Costing

Standard Costing
Material, Labor, Variable OH,Fixed OH,

Financial Management

Time value of Money

Cost of Capital

Capital Structure Theories

Dear Students,

Looking forward to your inputs - if this planning works for you all. What help you require if you are doing self study? - Motivation, Confidence

As a student, do you have a daily rigor to study on Time and complete the topics?

Do you think about another theory subject while doing Accounting ?

What is the method of preparation - Understanding concepts, Tryign out a Concept - being tested in every problem, Noting down the doubts or clarification which needs to be sought to your coach, friends

How do you check your speed ? enough practice with Time as a goal.

How many of you check on the Solution while solving a problem ? This can prove as not a good practice as msot of our current authors have solutions, - so do you think its important not to check on solution and learn by Mistakes

How many of you discuss with your friends - as a Group study ? Do you play a game on concepts of a topic being shared as a roundtable discussion .

How many of you procrastinate(Delay) your plans ? Have you thought about having a weekly backlog assessment of your plans and work towards it ?

There are many more questions, but planning is essential and more important is acknowledging the fact of executing to the plan.

Regards,

Satish.

Tejas Learning Centre

HSR layout, Bangalore.