pcc tips accounts

IPCC 2314 views 9 replies

CA Swapnil

job

1210 Points Joined September 2007

Dear all,

Some tips which might be useful

Accounts

1) ATTEMPT AS questions& theory questions first.36 mks is the weightage for PCC.Remember u hav to solve 33.99 marks in one hour.( ds rawat book is good for AS)

2)Solve sums of chapters like Insurance claims first(MORAL :- SOLVE SUMS BASED ON CHAPTERS WHICH U R GOOD & CONFIDENT & TAKE LESS TIME TO SOLVE)

3)Do not leave insurance ,electricity & banking co for option.

4) Time mgmt is the key factor in accounts (or any other paper)....one cant utilize a lot of time in solving one particular sum..any sum should be over in 15 to 20 mins.The nov -08 paper of accounts was lengthy.

5)While doing homework ,try to solve the sums under examination conditions.Once a senior told me- the pcc paper u r attempting should not be the first time u r attempting a full fledged paper.Solve maximum possible sums & papers......Do not read sums...solve them

6)Make a summary of all important adjustments in a particular chapter....it helps the day before the exam.

7)Cash flow Statements are covered in Financial Management also...so u can merge & study as the principles are same...solve sums asked in previous exams...Hanif Mukherjee is a good book for Accounts.

Replies (9)

CA KOMAL GUPTA

215 Points Joined June 2008

thank u very much swapnil

CA KOMAL GUPTA

215 Points Joined June 2008

my attempt is nov 2009 and the tips will definitely help me in my studies

Guest

Hey Swapnil Shah, instead of telling everyone to focus on a particular one topic(namely AS), give them a more scientific system to study for accounts....For your information the June 2009 PCC A/Cs paper carried ques from AS for only 8 marks....A more scientific method is to revise the past years questions thoroughly as many times as one can without any choice cos most ques are asked from them(may be nos. or names get changed)..

Guest

there is no particular imp chapter for PCC accounts...every time the exam pattern is changing(one can realise if they go through the Q. papers of May 08, Nov 08 And june 09)..But the questions asked are similar to the ones prev. questioned or from inst. study material with minor changes as mentioned above

CA Alok Modak

CA in Practice

595 Points Joined January 2009

selective studies get u nowhere in CA .

I would advise all students to study everything ..solve almost all problems that the could possibly solve

since going by the example of PCC Accounts exams in June 2009 ...

No question of amalgamation..reconstruction..partnership .. departmental...branching ...hire - purchase...( of course there were questions for 2 or 4 marks ) but the crux of the clearing PCC accounts paper is getting most of 8 mks questions and the big 20 mks question correct....

The most important thing is to be able to get 50 odd marks in first 2 hours ( i mean getting it correct so that u get 50 marks here itself in the first 2 hours) And yes donot neglect accounting standards ...i did accounting standards from M. P. vijaykumars books..Its also good...Even though the June 09 exams did not ask much about accounting standards ...do not neglect them since they are very useful for Auditing Paper..

Selective study will result into Hari-Kari for the student..Also solve every question as far as possible DONOT just read the question and Audit the solution Solve it as far as possible..

This i m saying from personal experience since i failed in november 2008 and i m dead sure i will get at least distinction in june 2009

Quoting from M.P.Vijay Kumars Book "financial Reporting" for CA Final.."There is no shortcut to succes. It is resolute hard work that pays"

Best wishes

KzN