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Please advise urgent !! - financial reporting may 17

10 March 2017

Hello Friends.. I need advise on can I leave Holding Company Chapter for FR. Since I've only got 20 days to perpare my full FR along with LAW

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CA Ruskin B (Member) (2602 Points)
Replied 10 March 2017

there are two advises we get from teachers...1. attempt consoldtn at last... that means the last thing in preparation as well... 2. if you have consoldn qn and dont know the answer just have the accounts drawn up so that in case a shortage to just pass or so, the examiner may consider that... so, cobsidering consol is for 16 marks only and generally it takes more time, better you skip or just have a look at it... thats all... for those who aim more than 60, it may also be studied... in a general analysis

CA VISHAL GUPTA (none) (225 Points)
Replied 10 March 2017

Just do basic questions 2-3 with minor adjustment, never and i say with a lot of experience leave any chapter fully

CA Syed Parvez Ali (None) (458 Points)
Replied 10 March 2017

And How should I go with FR preparation. If I practice questions along with concepts, its taking a lot of time and if I don't practice and just read the concepts and questions done in class, I don't get satisfaction. What should be my approach. ? I took classes from Parveen Sharma Sir.

CA VISHAL GUPTA (none) (225 Points)
Replied 11 March 2017

For AS Questions you may read it as it is also for ind as you will get the same type of questions so do the journal entries of financial instruments property this is all theory next you complete misc chapters like HRA,NBFC,Share Based Payments which do not require much practice untill you are left with valuations, amalgamation and holding for all these chapters i advise you to do 1 type of sum fully in a copy and on the next page write all the adjustments along with its treatment it will give you confidence on the day before exam learn these adjustments and go to the exam hall for these chapters and solve if you still want to practice

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CA Syed Parvez Ali (None) (458 Points)
Replied 11 March 2017

Firstly, Thanks Vishal for a prompt reply. And secondly, thanks for the idea of '' 1 type of sum fully in a copy and on the next page write all the adjustments along with its treatment ''. I am gonna follow that. Credit for good marks in FR goes to you. Thanks again.

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