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Theory of Practical Papers IPCC MAY 10

tausif (Mumbaikar) (119 Points)

08 January 2010

Hey, can somebody plz suggest me how to go about the Theory of Practical papers like Costing, FM, Acc*nting, Taxation, IT etc, as i am finding it diffcult to choose which all theory should be covered from each chapters individualy as its vast. I am doing self study hence finding it difficult. Plz guys, through some light on the same asap.

Thanks in adv.

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10 Replies

Anil Sankar V (CA) (1877 Points)
Replied 08 January 2010

in case of costing & f.m..:50%of marks come thru theory.use the birrd eye view of scanner to read theory chapters.

in case of accounting,read the AS well. give a reading of introduction of other chapters.

in case of income tax,without learning the conceptsone one cannot proceed th probl em....so learn the concepts well..

Hareesh H Sharma (Cleared IPCC..now article) (894 Points)
Replied 08 January 2010

Hey Tausif

I hope your doin your IPCC

Costing FM

Even though this is a problem paper theory has vast relevance here...it comes for nearly 40 marks which decides ur fate for the exam..cos in its prob aspects the ques can be of any type..u cant be sure about that part..so the best way to deal this paper is be very good in theory and score the max of that 40 marks and ur sure to pass...For costing main theory lessons are the first few..till that OH chapter...but mind you it can come from other chapters as well...i mean short ques..so don do selective study friend...And about FM its not as vast as costing..so study that fully...the financial instruments also very imp(no ques was askd from it for nov 09 thou)..

Accounts

Here i don think u ll have to study the theory part very much as like other prob subjects...Some chapters have theory related to company law..study that well...Study all AS very well...its damn imp..u can get both prob and theory ques from it..and for IPCC its weightage was a lot in nov 09 exams..

TAX

About income tax study recent amendments well..then in this paper u need to know the thoery aspects well like dates and amounts if u have to do the probs..so U have to learn the theory part well and good...

For IPCC again there is service tax and VAT for 50 marks which is very easy to learn...learn the 5 services u gotto learn and the definitions in it very well...its always bttr to follow the institute materials for that because all other books may be PCC IPCC combined and may not have full aspects of serv tax and VAT..its very easy to finish when compared to the vast income tax..so study that well and its easy to score there

3 Like

Vikas Gupta (CHARTERED ACCOUNTANT) (16295 Points)
Replied 08 January 2010

Thanks Hareesh

tausif (Mumbaikar) (119 Points)
Replied 10 January 2010

Hey Hareesh & anil, thanks so much for detailed suggestion. One more thing if I only read all the theroy which have come in last 10years paper, will that suffice?

Hareesh H Sharma (Cleared IPCC..now article) (894 Points)
Replied 11 January 2010

Tausif,

I too had that notion about what u asked....And when u take the prev 10 yrs paper it covers almost most of the topics in few subs..But just see the FM theory part of last nov paper..i don think any of the ques were from freq askd part...Buddy if ur doin IPCC u have enough time to finish the papers well and good..study some 3 4 hours a day now and really hard for last 2 3 months..U can do it bro!!

BHARGAVI ( PCC ARTICLE ASSISTANT) (63 Points)
Replied 14 January 2010

is it good top follow compilations or scanners

Hareesh H Sharma (Cleared IPCC..now article) (894 Points)
Replied 14 January 2010

Dear Bhargavi,

U can follow it after u have finished studyin ...while revising or so...or els your focus wll be more on it rather than whole text...it gives u an idea abt the ques and how to present ans..esp law audit etc can be very useful..and for prob papers too u can refer the theory part from it

nisar ahamed (2) (25 Points)
Replied 15 January 2010

hai freinds, i am an ipcc student & i registere for may2010 exam but iam skippimg this exam due to certain reasons and i decided to write the exam in nv2010 i think that the ipcc exams are held twice ayear in may& nov is it correct ? is i want to again register fo nov2010 exam? now i am in u.a.e is tthere any c.a coaching centers in u.a.e ABUDHABI FOR IPCC?

Khushi (CA & CS Final) (1367 Points)
Replied 17 January 2010

i think for IPCC there is no need for scanner....just focus on study material only..u can see nov. papers..most of them were asked from modules only...study thoroughly ..start from today itself...4-5 hours in a day...

Hareesh H Sharma (Cleared IPCC..now article) (894 Points)
Replied 21 January 2010

Hey nisar..Right nw u just have registered for IPCC course...not any exam...the exam reg comes few months b4 exam i hope..so may exams forms date isnt yet due..u can skip this exam and when its time to fill nov exams form do it...and abt coaching center i dunno