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How can a CA Intermediate | CA IPCC student prepare for exams?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 kruthika asked over 2 years ago

Hi May I know, How can a CA Intermediate | CA IPCC student prepare for exams?

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Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered over 2 years ago

The ONLY Study Material you should use is the ICAI Study Module along with a good Reference Book. It does not matter if you are a self learning student or have you previously taken tuitions / currently taking them. In any case the preparation strategy is the same. **The preparation strategy should be to use 5 essential sources of knowledge:** 1. Study Module 2. Reference book 3. Practice Manual 4. Revision Test Papers 5. Suggested Answer Since we are in short of time we won't be using a reference book except subjects which need quick learning. Study techniques - For May 2015 - This has to be quick. ------------------------------------------------------- **Accounts** 1. Accounting Standards of Accounts and Advance Accounts from Study Material& Practice Manual. (Compulsory question of 20 marks in each, and total 40 marks from AS in each) Then start with big chapters Amalgamation, Reconstruction,Partnership & NPO, Branch A/c. (Get basics from Study Mat. and practice from PM) Smaller chapters follow. **B.Law , Ethics & Comm.** **1. Start with Ethics & Comm. (40 Marks)** In ethics the answers are simple but the words used should be remembered and written in the exams as it is. Write them down and learn. Easy chapters, they broadly say the same thing it is very interesting if you want to learn. **2.Comm**. is the key to success everywhere. So this exam is nothing different. Business letters, Lease deeds , other deeds , Notices , Minutes etc.- Learn them by heart. they will be asked. (and sometimes 2 questions). The other chapters are very interesting try to imagine what it says while reading and you will be able to grasp faster and explain better. **3.B.Law - Company law (30 marks) + Others (30 marks) - Use Book by Munish Bhandari Sir** Start with Company law- read and understand the provision read the following case and try to imagine. No need to learn the provision or section by heart. Use the case examples wisely to figure out what will be the answer. **Business law and other chapters -** These are small chapters but interesting. **4.Cost & F.M.** - Theory is Important. (35-40 Marks) 1. Start with FM Use Study Mat. for best conceptual clarity. Other books will just confuse you and you won't feel confident with seeing lot of Unsolved Questions. Use Study Mat. and Practice Manual and you will be in a position to solve all complicated questions. 2.Start with Chapter 1 & 2 Chapter 6,7 Chap 3,4 Theory - Chap 5 and 1 (Be clear about the definitions and you shall Pass :D) **3. Costing** Use the Statement showing topic wise distribution of Exam Questions with Marks (given in the beginning of the Practice Manual). **4.Taxation -** Quoting sections is not needed. DT and IDT **IDT** is newly introduced - Start this first. Use SM and PM only. **DT** Use Dr. Girish Ahuja's book. Do the 5 heads - Salary,House property, PGBP, Capital gain , Income from other sources. Followed by Residential Status, TDS, Set-off Carry fwd etc. **5. Auditing** Use any book. Should be read same as Law. Don't fret about quoting sections. Start with Company law 1 and 2. Caro 2003 just read it and learn where it is applicable and where not. Prepare your own checklist for Vouching & verification and use them in each question. Then start with basic chapters and it's done. **6.IT&SM** Start with SM , Write down points and learn. Keep the notes handy and revise whenever you get time. this will help you distinguish the answers and relate it with the questions. **IT** It is all newly introduced. Use SM and PM to your best.

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