IPCC Nov 2013 Important Questions, Tips Topics Chapter wise
IPCC Nov 2013 Important Questions, Tips Topics Chapter wise
CA IPCC: Important questions / Chapters / Topics for Nov 2013, Tips of Group 1 Accounting, Law, Costing and FM and Taxation
(Extracts of notes by previous toppers)
Accounting:
Group-I Accounting is all about common sense. This is one of the important subjects, because, it helps a lot in securing the required aggregate marks in the group. A few recent facts are stated below:
On a sample survey of last four IPCC exams, it was found out that, if you take 100 students who have secured exemption in Group 1, among those 100, a staggering 60-70 number of exemptions have come from the Accounting subject.
In another survey of students who failed in the May 2013 exam but got an exemption in one or more subject, there are 68% students who have got their exemption only in Accounting.
The trick is choosing a wise material. Recent toppers have stated that, ICAI’s practice manual is the best and that’s what makes the difference.
Important Chapters/Topics:
Partnership – Retirement
Single Entry
Insurance for loss of Profit
AS 6,9 and 10
Law Ethics and Communication:
We have conducted a survey of 160 students who have secured exemption in Law. Below are a few notes they have made:
Side-headings, Side-headings and Side-headings. 56% of the students have told the same thing. The importance of sub-headings. Once you write a suitable sub-heading, the examiner will have no need to go into the matter.
70% of the students have given the credit to Ethics and Communications. Ethics and Communications have a comparatively very much smaller syllabus. Combined reading based on sub-headings have got them the success.
For Law, most of the students have credited the need of ICAI Practice Manual.
Important Chapters/Topics:
Meetings, Incorporation
Workplace Ethics, Ethics in Accounting and Finance
Communication channels and Ethics
Costing and FM:
Recent stats say that, out the students who have failed Group-1, 72% have failed in Costing and FM along with some other subject, and 36% students failed only in Costing and FM.
This subject has two shades. It has been a boon for a set of students and for some, it has been a curse.
So we decided to go deep into the matter and have enquired 300+ students, which includes students who have been failing this subject for at least two attempts and students who have got exemptions. We also extracted much needed info from a student from Vijayawada who scored 86 in this subject.
Almost all the students who succeeded in this have noted the same point, PRACTICING WITH PEN AND A BOOK. A close analysis of the preparation style of students who have been failing revealed that, most of them were just going through the questions and not putting them on to the paper. Not just Seeing, PRACTICE, PRACTICE and PRACTICE.
Second point is the presentation. Costing is all about presentation. You may bring the solution, but unless you present it in a format, you are not going to score marks. We have obtained the certified copies of a few students which revealed the same.
Important Chapters/Topics:
Costing:
Material Cost
Contract Costing
Marginal Costing
Financial Management:
Cost of Capital
Cash Flow Statement
Management of Working Capital
Taxation
Exam point of view, the first thing you need to start and finish is VAT, and then Service Tax and then move on to Income Tax.
There have been plenty of amendments in Service Tax and recent Practice Manual is well updated with all the changes and very good practical questions.
Most important point you should remember while preparing for Taxation is, NEVER READ A BULK OF SYLLABUS IN A SINGLE DAY. Taxation is a tricky subject who should be prepared over a period of time. Don’t finish topics in a single stretch. For that day you may feel like you got that but after a week, everything comes to the starting point. Slow and Steady..
Important Chapters/Topics:
Residential status, Clubbing, House Property
ST: Valuation, POT, Returns
VAT: Calculation and procedures
For the overall preparation, GIST is very essential, You will know the value of Gist only on the day of exam, when you are left with only hours and syllabus to be covered is huge. If you are too lazy to note down important points, its preferred to record them in your mobile. On the day of exam, just play all the points you recorded and your revision will be completed in a hour.
Wishing the best for your preparation!!
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CA IPCC: Important questions / Chapters / Topics for Nov 2013, Tips of Group 1 Accounting, Law, Costing and FM and Taxation
(Extracts of notes by previous toppers)
Accounting:
Group-I Accounting is all about common sense. This is one of the important subjects, because, it helps a lot in securing the required aggregate marks in the group. A few recent facts are stated below:
On a sample survey of last four IPCC exams, it was found out that, if you take 100 students who have secured exemption in Group 1, among those 100, a staggering 60-70 number of exemptions have come from the Accounting subject.
In another survey of students who failed in the May 2013 exam but got an exemption in one or more subject, there are 68% students who have got their exemption only in Accounting.
The trick is choosing a wise material. Recent toppers have stated that, ICAI’s practice manual is the best and that’s what makes the difference.
Important Chapters/Topics:
Partnership – Retirement
Single Entry
Insurance for loss of Profit
AS 6,9 and 10
Law Ethics and Communication:
We have conducted a survey of 160 students who have secured exemption in Law. Below are a few notes they have made:
Side-headings, Side-headings and Side-headings. 56% of the students have told the same thing. The importance of sub-headings. Once you write a suitable sub-heading, the examiner will have no need to go into the matter.
70% of the students have given the credit to Ethics and Communications. Ethics and Communications have a comparatively very much smaller syllabus. Combined reading based on sub-headings have got them the success.
For Law, most of the students have credited the need of ICAI Practice Manual.
Important Chapters/Topics:
Meetings, Incorporation
Workplace Ethics, Ethics in Accounting and Finance
Communication channels and Ethics
Costing and FM:
Recent stats say that, out the students who have failed Group-1, 72% have failed in Costing and FM along with some other subject, and 36% students failed only in Costing and FM.
This subject has two shades. It has been a boon for a set of students and for some, it has been a curse.
So we decided to go deep into the matter and have enquired 300+ students, which includes students who have been failing this subject for at least two attempts and students who have got exemptions. We also extracted much needed info from a student from Vijayawada who scored 86 in this subject.
Almost all the students who succeeded in this have noted the same point, PRACTICING WITH PEN AND A BOOK. A close analysis of the preparation style of students who have been failing revealed that, most of them were just going through the questions and not putting them on to the paper. Not just Seeing, PRACTICE, PRACTICE and PRACTICE.
Second point is the presentation. Costing is all about presentation. You may bring the solution, but unless you present it in a format, you are not going to score marks. We have obtained the certified copies of a few students which revealed the same.
Important Chapters/Topics:
Costing:
Material Cost
Contract Costing
Marginal Costing
Financial Management:
Cost of Capital
Cash Flow Statement
Management of Working Capital
Taxation
Exam point of view, the first thing you need to start and finish is VAT, and then Service Tax and then move on to Income Tax.
There have been plenty of amendments in Service Tax and recent Practice Manual is well updated with all the changes and very good practical questions.
Most important point you should remember while preparing for Taxation is, NEVER READ A BULK OF SYLLABUS IN A SINGLE DAY. Taxation is a tricky subject who should be prepared over a period of time. Don’t finish topics in a single stretch. For that day you may feel like you got that but after a week, everything comes to the starting point. Slow and Steady..
Important Chapters/Topics:
Residential status, Clubbing, House Property
ST: Valuation, POT, Returns
VAT: Calculation and procedures
For the overall preparation, GIST is very essential, You will know the value of Gist only on the day of exam, when you are left with only hours and syllabus to be covered is huge. If you are too lazy to note down important points, its preferred to record them in your mobile. On the day of exam, just play all the points you recorded and your revision will be completed in a hour.
Wishing the best for your preparation!!
Share It & Spread It
______________________________________________
♦ Subscribe And Be Updated Yourself ♦
♦ ♦ www.pullaharshavardhan.blogspot.in ♦ ♦
♦ ♦ ♦ Be a FAN In Facebook ♦ ♦ ♦
______________________________________________
IPCC Nov 2013 Important Questions, Tips Topics Chapter wise
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