Chartered Accountancy course is treated as one of the toughest course because 3 d is required. Dedication, Devotion, and Determination..
Now I am going to explain subject wise preparation for facing CA Final first group exam in a courageous manner
Paper-1 Financial Reporting.
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First the student must read Accounting standards
How to read Accounting standard- Like a story book(First time) Second time- Take a notes on accounting standards under each situation how we are accounting such complication entry.
Second Finish small chapters other than Amalgamation , Holding company, valuation
Third concentrate on big chapters.
BEST SUGGESTION BOOK- M.P.VIJAYAKUMAR
Approach of the subject and application is very much important.
Do all problems in practice manual (Atleast two times before exam)
BEST SUGGESTION BOOK- RAWAT FROM TAXMANN
Paper-2. Starategic Financial Management
In this subject we can divide three parts preparation
First part preparation
Theory- 20 marks(Study the theory from practice manual or download Aaditya jain Theory book )
Second part preparation
Firstly- Forex and option will fetch- 25 marks in exam
Second portfolio management and Merger and acquisition- 16 marks
Capital budgeting and leasing decisions- 12 marks approxi
Miscellaneous- 27 marks.
First concept clarity important for SFM. Otherwise it is not good for doing without clarity.
Best suggestion books- J.P. Gupta from Taxmann and G.SEKAR from paduka
Paper-3- Advanced auditing and professional Ethics
Approach of the subject is as follows
First- Auditing standards Reading – Daily one standard
Second – Accounting standard- Already prepared in paper-1.
Third- Professional Ethics
Fourth – Company Audit including CARO
Fifth- other chapters.
Best Suggestion book- Surabi bhansal from Bright professionals.
High lights of the book is Tabular presentation which the students enable to grasp the things very easily and quick revision
Revise practice manual – three times before Exam.
While presenting the paper auditing the student has to integrate all points in one answer For example the question is asked about inventory valuation the student has to write AS-2, CARO INVENTORY POINT, AUDITING STANDARDS ABOUT SPECIAL CONSIDERATION OF CERTAIN ITEMS. So you have to correlate all points . So that you can prove the examiner as an auditor
Paper-4 Corporate and Allied Laws
Approach of this subject is quite difficult. Because some times they are concentrating directors and some times they are not taken at all.(See Nov 2011 question paper)
So our approach will be common irrespective of question paper.
Firstly concentrate on small chapters ie allied laws
Fema, Sebi, scra, competition act, Banking, Insurance, Money laundering act, Interpretation of statues. (All chapters will fetch approximately 50 or 35 marks)
Winding up and prevention and oppression of mismanagement( 20 marks)
Directors (10 or 25 marks)
Other chapters 20 marks.
Best book – Munish bhandari from best word publication.
Being volume of syllabus is heavy , Law has to read from Day 1 to get good marks.
This is only my suggestion of study. It may vary from person to person.
Chartered Accountancy course is treated as one of the toughest course because 3 d is required. Dedication, Devotion, and Determination..
Now I am going to explain subject wise preparation for facing exam in a courageous manner
Paper-1 Financial Reporting.
First the student must read Accounting standards
How to read Accounting standard- Like a story book(First time) Second time- Take a notes on accounting standards under each situation how we are accounting such complication entry.
Second Finish small chapters other than Amalgamation , Holding company, valuation
Third concentrate on big chapters.
BEST SUGGESTION BOOK- M.P.VIJAYAKUMAR
Approach of the subject and application is very much important.
Do all problems in practice manual (Atleast two times before exam)
BEST SUGGESTION BOOK- RAWAT FROM TAXMANN
Paper-2. Starategic Financial Management
In this subject we can divide three parts preparation
First part preparation
Theory- 20 marks(Study the theory from practice manual or download Aaditya jain Theory book )
Second part preparation
Firstly- Forex and option will fetch- 25 marks in exam
Second portfolio management and Merger and acquisition- 16 marks
Capital budgeting and leasing decisions- 12 marks approxi
Miscellaneous- 27 marks.
First concept clarity important for SFM. Otherwise it is not good for doing without clarity.
Best suggestion books- J.P. Gupta from Taxmann and G.SEKAR from paduka
Paper-3- Advanced auditing and professional Ethics
Approach of the subject is as follows
First- Auditing standards Reading – Daily one standard
Second – Accounting standard- Already prepared in paper-1.
Third- Professional Ethics
Fourth – Company Audit including CARO
Fifth- other chapters.
Best Suggestion book- Surabi bhansal from Bright professionals.
High lights of the book is Tabular presentation which the students enable to grasp the things very easily and quick revision
Revise practice manual – three times before Exam.
While presenting the paper auditing the student has to integrate all points in one answer For example the question is asked about inventory valuation the student has to write AS-2, CARO INVENTORY POINT, AUDITING STANDARDS ABOUT SPECIAL CONSIDERATION OF CERTAIN ITEMS. So you have to correlate all points . So that you can prove the examiner as an auditor
Paper-4 Corporate and Allied Laws
Approach of this subject is quite difficult. Because some times they are concentrating directors and some times they are not taken at all.(See Nov 2011 question paper)
So our approach will be common irrespective of question paper.
Firstly concentrate on small chapters ie allied laws
Fema, Sebi, scra, competition act, Banking, Insurance, Money laundering act, Interpretation of statues. (All chapters will fetch approximately 50 or 35 marks)
Winding up and prevention and oppression of mismanagement( 20 marks)
Directors (10 or 25 marks)
Other chapters 20 marks.
Best book – Munish bhandari from best word publication.
Being volume of syllabus is heavy , Law has to read from Day 1 to get good marks.
This is only my suggestion of study. It may vary from person to person.
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