Tuesday, January 20, 2009

CA Final - Inputs for exams - Paper 1 - Accounts

Hi Frenz,

I'm just putting down the points that i followed for the CA - Final exams. The books referred in the note below need not necesarily be followed. You can always follow other books.

PAPER - 1 – ACCOUNTS

1. The pattern of the question paper is as follows:

a. You have to attend all the 6 questions (There is no choice)
b. Question number 1 is for 20 marks
c. Other questions are 16 marks each (16x5=80)

2. If you have attended MP.Vijaykumar’s classes than his class notes are sufficient for the following topics - [30-40 marks sure] (If classes not attended than get his material from any book store)

(a) Consolidated Financial Statements (CFS)
(b) Amalgamation
(c) Valuation of Share & Goodwill

3. If you have attended the class please go through the class notes first and then read the text book.

Following topics can be read from Padhuka Publications – Sarvana Prasath:

(d) Theory –10 marks
(e) Accounting Standard- 20 marks
(f) Guidance Notes-10 marks
(g) Miscellaneous topics-20 marks

4. Give special focus on Accounting Standard as the same will be asked in Accounts, Auditing & Law exams (almost 60 marks put together in all subjects)

5. Time will be a constraint. You can spend at the max half an hour for each question. Always try to attend 100 marks but don't lose heart if you are not able to attend 100 marks. Attending anything between 80 to 100 marks is really good.

6. First read d,e,f,g then read a,b,c.

7. Never attend a,b,c first. Start with d,e,f,g then start with a,b,c in exams

8. Just 2 months before the exams Mr. MP Vijay Kumar will discuss the important topics for the relevant attempt. At least 50% of the questions in exams are from his important questions. So check out with people who have attended the latest batch of his classes.

9. When you go through the above authored material you will find many similar problems in a topic, while doing your first reading cut out the similar problems so that before exams you have the least problems for preparing.

10. Theory questions will be very simple and straight forward and please don’t ignore theory and the misc topics. It will help in scoring and also clearing the exams.

11. Please go through the RTP prescribed for your attempt, as sometimes the exam problem is one of the RTP questions.

12. Please read recent amendments like definition of SMC, IFRS etc,, in short be aware of the recent happenings in our profession.

13. Keep practising the problems during your preparations. It will give you momentum and will let you know which problem will take how much time in exams.

Further Suggestions / Inputs / Comments are invited.

Thank You.

7 comments:

ishika said...

hi chandan...
its a good analysis....
thanx...

VJ said...

Hi Chandan,
Firstly congratulations on becomin a CA. Thank you very much for all your inputs which you have been providin for so long, they have been very helpful.
Regards,
Viraj.

ankita goel said...

hi chandan
thnx 4 ur inputs yar
its really going to b helpful

prathi said...

Hai Chandan,
Firstly congratulations and thank u very much for all ur inputs.I feel its really going to be helpful.

janani said...

good information ya..

mandakini said...

Hai...... Chandan..
Congratulations Again.
Thank u so much for this great info

ravi khanal said...

thanks CA Chandan Jain
ur inputs are really going to b useful while we prepare for our xams
well u are so found of Paduka's publication
i will also keep focus on these books
thanx again