How should I study and prepare for the CA Intermediate | CA IPCC group 2 to secure good marks?

Open uri20170510 32134 7ezpi6?1494421819 jaggu asked almost 3 years ago

Hi I am Jaggu. Can I know, How should I study and prepare for the CA Intermediate | CA IPCC group 2 to secure good marks?

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Open uri20170510 32134 1uwcnoc?1494421631 Shubhangi Jain answered almost 3 years ago

**Advanced Accounts** Read the relevant Accounting Standards very well. Institute is nowadays very fond of giving application based questions. Instead of asking you to explain Diluted EPS, they will give a some financial information and ask you to find EPS and Diluted EPS. Get the drift. Read AS and practice their application based questions. Amalgamation and Partnership questions. It might be prudent to ignore either one, since answers to both are lengthy and time consuming. Don't leave totally. Prepare well and preferable prepare amalgamation very very well. Apart from that, Banking Electricity and Insurance companies are very easy. ESOP and Department accounts are relatively trickier but the sums are relatively short and less time consuming so manage them well. The more you practice, the more chances of landing a sum in question paper which you practiced. **Audit** My favourite paper in 2nd group. You can easily score above 60 if you read the auditing standards very well. SA 200, SA 210, SA 315, SA 320, SA 330, SA 450, SA 500 SA 505, SA 520, SA 530, SA 540, SA 550, SA 560, SA 570, SA 580, SA 600, SA 610, SA 705, SA 706 and SRS 4410 are extremely important and crucial. YOU MUST NOT ignore them. They aren't much difficult and they are not long. As of theory, CARO, Company Audit, Internal Control, CAAT, audit of expenses, sales, vouching, verification are important, but application based are more important. ICAI asks you how would you conduct an audit of a cinema hall, or a confectionery shop, or a hospital or hotel. It also asks you, how would you prepare a program for audit of XYZ entity. These involve knowledge and concept of basic auditing. Sharpening them is essential. **IT-SM** The only difficulty you will find is the jargon. Try to understand the technical terms, then you learn them. Don't mug up. Flowcharts and Decision Tables are easiest. DBMS is quite tricky and difficult but not unmanageable. Internet and Network Security won't pose a threat. I assume you will give exam in November 2015, so you have ample time. Read the institute book thoroughly and make short points. For Strategic Management, which is even more easier, read the institute book. Make short notes, make diagrams for BCG Matrix, SWOT Analysis.. Revise each chapter at least 2-3 times.

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