Tips and suggestion for preparation of IPCC Exams : ( Within 1 Month )
Posted Date : 21-Feb-2013 , 04:27:09 pm | Posted By Vinay Sharma Your Rating: NoneAverage : 3.83
1. Buy a set of Solved Scanners (solved past year question papers) and go through the pattern of papers. CA exams can be quite unpredictable, but still you can get some idea about topics repeatedly asked in every attempt. I know it is advised to study every single topic before the exams, but if you study the most repeated topics first, you can go through the remaining ones in the gaps between exams. On the first day, mark the most-important chapters from each subject and write them down somewhere.
2. Go through the accounts scanner in the last 2 days before the exam. Do accounting standards and company accounts on the first day and do the others on the next day. Memorise what to do by reading answers because you will not have time to practice.
3. During the holidays between exams, go through the entire scanner and read all the important topics as well as the chapters you had left out. If you are left with more time, revise your notes and go through other study material you have.
4. Advanced Accounts is a really easy subject. If you have taken classes, you will not need much time to prepare for it. Take the 2 days to go through the scanner and refer to your notes or other books if you are stuck anywhere. You will not have time to practice questions on paper so try to read the answers and retain them in your mind. Focus on accounting standards and amalgamation the first day, and keep others chapters for the next day.
5. List out the important chapters of Taxation - start with VAT and Service Tax. If you read only the questions from scanners, you will be able to complete this in 2 days. Keep the next 3 days to read only the most important chapters of Income Tax. You can read the remaining chapters during the gap between exams.
6. Now schedule the practical subjects. Divide the important chapters of Costing , and study them from the scanner. If you are stuck on any topic, refer to that topic from your notes or other material, then get back to the scanner. Don't practice each question on paper, but practice the ones which you are not confident about.
Divide the chapters of Financial Management.
FM is easier than Costing and more scoring.
Don't forget to read the theory as well side by side. Around 30 marks consist of theory in each attempt. When you get tired of the practical questions, take a break and read the theoretical questions from scanner.
7. In IT & SM, start with SM from module its easy and than IT from notes or practice manual.
8. Take your list of most important chapters. Divide the important chapters of Law and Audit equally among the remaining days (not all chapters, only the ones important). You should complete the topics of Law each morning before going on to practical subjects, and complete the topics of Audit at night. Read the questions and answers from scanners only if time is less, as it has limited questions and will save a lot of time.
In Law, start with Ethics and Communications, then go on to Company Law, and then Business Law; in Audit, start with SA and then Company Audit and than go on to the chapters.