Exam Nd Study tips For IPC Nov 2013 August 13, 2013 at 9:39am Before starting for any tips for IPCC, I will recommend youto get the IPCC Nov 2013 Study Schedule, this will help you to crack IPCC ifyou have less time even. 1. IT & SM: I am starting with the last paper of IPC/IPCC examinationbecause this is the subject where lots of the students get struck and arefailed. So I would suggest you to follow my steps to crack this subject withgood marks. in IT SM subject, from practice manual 45 to 50 marks paperwill be definitely asked because questions are repeated each time, so youshould concentrate on that if you have less time. Tips for Information Technology : In this part, start with easy chapters like Data Storage,Retrieval & DBMS and they have good weight-age also. So do this first. Now do flowchart and Decision table marks covered 8-10. Fora good grip in this part, do all illustrations from module and questions ofPractice Manual. Then come on Internet and Other Technology, many topics alsoeasy under this chapter and scoring also. So do it properly. Now do Software and Computer Network & Network Securitychapter this chapters are heavy i.e. have lots of topic. So try to cover asmuch as you can. Now just check the definitions asked in past exams frompractice manual and RTPs, and from module too. Tips for Strategic Management : SM Tip: Start SM preparation from last chapter to firstchapter. Do Practice Manual first as if once you do it around 60-70%course will be covered. From Practice Manual its quite easy to read topics asthey are given question format rather than paragraphs as given in modules. Andgenerally questions get repeated, so prepare those questions thoroughly and youwill definitely score in subjects. Now start reading from Chapter 7. You can read from moduleas its language is easy. Do all chapter end questions from module because true &false many times comes out of it. So better to go through that. And there aresometime 4 marks filling the blanks, so for it, just go through the quoatationgiven before starting the chapter. Just go through past papers, you will findthose one liners in the form of filling the blanks. Note: Exclusion of certain topics from IT paper from November 2012CA IPCC examination and for Nov 2013 exam too.. i.e. no question will be asked from this chapters given inbelow because these are completelyirrel evant for CA curriculum. >So in chapter 1 only the remaining chapter which isSoftware will be asked, so we can say the weightage of the Chapter Software hasvery much increased and so you must read this chapter properly for betterresults. Chapter – 1 Unit-I Introduction to Computers And Unit-II Input and Output Devices (a)Computer Hardware Classification of Computers – Personal Computer, Workstation, Servers and Super computers Computer Components – CPU, Inputs output devices, Storage devices, Storage devices (b) Bus, I/O CO Processors, Ports (Serial, parallel, USB ports), Expansion slots, Add on cards, On board chips, LAN cards, Multimedia cards, Cache Memory, Buffers, Controllers and drivers. Chapter-IV : Internet and other Technologies EDI ( 4.48 – 4.53 ) >EDI also is one topic which is given in Internet chapterwhich is not going to be asked in Nov. 2013 CA IPC/IPCC examination. Don’t Miss:- Download Study Material & Practice Manualfor CA IPCC – Nov 2013 (Latest). 2.Taxation Tips: You have to readevery concept in income tax paper &one more thing is total income problems are important, and in every problem youhave to make note points, it will impress to valuationer. In taxation paper preparation for day before exam, start VAT& Service Tax. VAT is easiest topic just read it properly and do practicalquesti ons also. After reading from book in last just go through the PracticeManual. >In service tax do properly as there are lots ofamendments and please do buy new Practice Manual of Tax from ICAI Branch and doall questions properly from it I am sure there will be many questions straightaway from Practice Manual). As you know Service Tax & Vat portion covers 50marks. >Then come on Income tax portion, start from Business& Profession head, then Capital Gain, then House Property , Salary &other Sources. Later than this do the small chapters, like deduction from GTI,TDS, Set off & Carry forwards etc. >Put the currency symbol other wise u can loss marks. >My sincere advice is don’t start with total incomeproblem in examination because its take more time for completion. ICAI Recommends:- >ICAI Recommended And Other SuggestedBest Books for IPCC Nov 2013 3. AUDITING Tips: Golden Tip:Remember in Auditing the module’s language is themost important requirement to get good marks. So, read only Study Material andPractice Manuals. And even Practice Manual is enough to get 50~ marks. In auditing company auditor I & II chapters are veryimportant as they cover around 20 to 30 marks. >Standards on Auditing (SAs) are also important for examsread 2 to 3 times at least. Auditingstandard Chapter covers at least 30Marks for the purpose of the exams. Then later do basic chapters and then Special Audit andafter it do Vouching & Verification. As said earlier language is important,so read carefully and remember the typical words. Special Audit Tips:- You will see a question of 8 marks at least in everyAuditing paper, it will come this time also, for sure. > Don’t mug up this topic, Read with an open mind &Understanding that you are a CA & doing the Audit what you would check& How, what should be the Primary docs to get the required information etc? > And you will find that every Special audit would havesay appx 10 points of which 4 – 5 points would be common ( like, The Docs ofFormation i.e Memo & A of A / Partnership Deed / Trust deed etc, Check theauthorities given as per the doc / Powers / Policies etc ). > Also this being more a practical type of Topic, youwill find it interesting. > Excluding such other 5 points would be different withevery different entity based on the area of business in which it is. e.g. incase of schools You say check Fees Receipts / Purchase of Books/ Deposits &fines taken from Students, In case of Hotels say how control is kept on theIssue of Food items & provisions to kitchen is maintained, How is thebilling control of Rooms maintained etc. You read all type of special Audits ( 1st do readingcarefully with understanding & no mugging (Ratta) taking 30 mins per audit & you will findthat you need not revise it again) MOST IMP:- From last 3-4 attempts, Institute is asking onlytheory questions in Auditing paper, so don’t waste much time on practicalproblems and read theory portion well. 4. ACCOUNTS: In accounts I & II subjects very important is accountingstandards its around 25 to 35 marks in the subjects. In examination for betterpresentation, start with journal entries problem then ledger a/c after thatfinal a/c problems. Thats why, because time management is very important in CAexaminations. Amalgamation and Partnership are also the most importantchapters, solve atleast 1 some of all the types to get good confidence in thischapters. These can be asked for 24 to 40 marks in each a/cing paper. 5. COSTING & FM Tips: In this subject first of all theory part you have to prepareits nearly 32 marks, so just read the practice manual properly, most of thequestions will be from it only. Theory will help for practicals also. ( eg ; Ifyou read theory of Labour All methods of calculation of Wages will beunderstood, Material Formulas will be known, Contract A/c Ways of calculatingthe Profit will be understood.. So now it is clear Why Theory should be donefirst, & its Importance in this subject) If you are too good at Concepts & Practical then onlyIgnoring thorough study of theory can be thought else for average / bit aboveaverage student, Practical with Proper study of theory only can Pass with 50 –55 marks in this subject. In costing start with Standard Costing & Marginalcosting then later Contact, process, material, labour, overhead and so.. In FM, Capital budgeting & Cost of Capital are veryvital chapters do them first, properly. then leverage , Ratios & Working Capital Management,Cash flow, fund flow and so.. 6. LAW, Ethics & Communication: in this subjects first finish the Ethics & Communicationas it is quite easy and of 40 marks too. Then take the Business Law part and later prepare companylaw. deep
Posted on: Wed, 14 Aug 2013 05:55:23 +0000
Trending Topics
Recently Viewed Topics
© 2015