CA PCC - Inputs for exams - Paper 1 - Accounts

Hi Frenz,

I'm just putting down the points that my friend Poonam followed for the CA - PCC 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. 16 x 1 = 16 marks
b. 8 x 2 = 16 marks
c. 8 x 2 = 16 marks
d. 8 x 2 = 16 marks
e. 2 x 12 = 24 marks (12 questions , 2 marks each)
f. 3 x 4 = 12 marks (Out of 5 q attend any 3)
(In e & f above theory and problem questions will be asked & balance questions probs only)

2. If you have attended MP.Vijaykumar’s classes than his class notes are sufficient for the following topics (If classes not attended than get his material from any book store). Padhuka publications book also is good as it covers all RTP & past questions.

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

4. Give special focus on Accounting Standard as the same will be asked in Accounts, Auditing & Law exams.

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 90 to 100 marks is really good.

6. Solve the problems step by step as each step carries marks even if your main answer is wrong.

7. Never attend first question at the start as the same will be tricky or time consuming.

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. Where all you are making assumptions make it clear in your answer.

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.

14. As there is almost no choice in the paper, prepare for all the topics. Don’t leave/ignore any topic.

Further Suggestions / Inputs / Comments are invited.

Thank You.