Preparation Strategy To Score Good Marks in CA Inter Accounts
Table of Content
Introduction to Accounting StandardsPreparation strategy
CA Intermediate Accounting Study Material (English)
CA Intermediate Accounts Study Material (Hindi)
How to Study Accounts for CA Intermediate? ICAI’s Study Material
How To Prepare Accounts for exams?
CA Inter Accounts Syllabus Distribution
Introduction to Accounting Standards
One of the prestigious courses that demand a lot of effort in CA inter. To become a chartered accountant, one must pass all of the ICAI exams. Exam success is challenging for students, which is caused by inadequate instruction. Accounting is one of the numerous courses included in the CA course. We’ll go over a few pointers in this article that will help you do well on your Accounting exams.
To clear the CA intermediate course, CA candidates need to follow some strategies. The strategies are as follows:
Create a study schedule in accordance with the dates of the CA Inter exams.
Just download the ICAI CA Inter study material for the 2023 try, as May 2023 examinations are the following. Also, we have provided the ICAI Inter study guide here in both Hindi and English.
Sign up for the top coaching Candidates must enrol in the top CA intermediate coaching facility in order to adequately prepare for the course.
To aid them during review, students must create their own revision ca inter notes pdf.
Paper 1 – Accounting (100 marks)
Objective – To acquire the ability to apply specific accounting standards and legislations to different transactions and events and in preparation and presentation of financial statements of various business entities.1. Process of formulation of Accounting Standards including Ind AS (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)3. Applications of Accounting Standards:AS 1 : Disclosure of Accounting Policies
AS 2 : Valuation of Inventories
AS 3 : Cash Flow Statements
AS 10 : Property, Plant and Equipment
AS 11 : The Effects of Changes in Foreign Exchange Rates
AS 12 : Accounting for Government Grants
AS 13 : Accounting for Investments
AS 16 : Borrowing Costs4. Company Accounts(i) Preparation of financial statements – Statement of Profit and Loss, Balance Sheet
and Cash Flow Statement;
(ii) Managerial Remuneration;
(iii) Profit (Loss) prior to incorporation;
(iv) Accounting for bonus issue and right issue;
(v) Redemption of preference shares;
(vi) Redemption of debentures5. Accounting for Special Transactions:(i) Investment;
(ii) Insurance claims for loss of stock and loss of profit;
(iii) Hire- purchase and Instalment sale transactions6. Special Type of Accounting(i) Departmental Accounting;
(ii) Accounting for Branches including foreign branches;
(iii) Accounts from Incomplete Records
CA Intermediate Accounting Study Material (English)
Module 1Module 2Module 3Initial PageInitial PageInitial PageChapter 1: Introduction to Accounting StandardsChapter 4: Financial Statements of Companies
Unit 1: Preparation of Financial Statements
Unit 2: Cash Flow Statement
AnnexureChapter 9: Investment AccountsChapter 2: Framework for Preparation and Presentation of Financial StatementsChapter 5: Profit or Loss Pre and Post IncorporationChapter 10: Insurance Claims for Loss of Stock and Loss of ProfitChapter 3: Overview of Accounting Standards
Unit 1: Applicability of Accounting Standards
Unit 2: Overview of Accounting StandardsChapter 6: Accounting for Bonus Issue and Right IssueChapter 11: Hire Purchase and Instalment Sale Transactions Chapter 7: Redemption of Preference SharesChapter 12: Departmental Accounts Chapter 8: Redemption of DebenturesChapter 13: Accounting for Branches Including Foreign Branches Chapter 14: Accounts from Incomplete Records
CA Intermediate Accounts Study Material (Hindi)
Module 1Module 2Module 3Initial PagesInitial PageInitial PageChapter 1: Introduction to Accounting StandardsChapter 4: Financial Statements of Companies
Unit 1: Preparation of Financial Statements
Unit 2: Cash Flow Statement
AnnexureChapter 9: Investment AccountsChapter 2: Framework for Preparation and Presentation of Financial StatementsChapter 5: Profit or Loss Pre and Post IncorporationChapter 10: Insurance Claims for Loss of Stock and Loss of ProfitChapter 3: Overview of Accounting Standards
Unit 1: Applicability of Accounting Standards
Unit 2: Overview of Accounting Standards
Part-1
Part-2
Part-3
Part-4
Chapter 6: Accounting for Bonus Issue and Right IssueChapter 11: Hire Purchase and Instalment Sale Transactions Chapter 7: Redemption of Preference SharesChapter 12: Departmental Accounts Chapter 8: Redemption of DebenturesChapter 13: Accounting for Branches Including Foreign Branches Chapter 14: Accounts from Incomplete Records
How to Study Accounts for CA Intermediate? ICAI's Study Material
Whether you are receiving coaching or performing self-study, the ICAI Study Material ought to be your first choice. No matter what anyone says, ICAI’s Study Material is the greatest book for the CA course.
Every topic that is mentioned in the study materials should be read.
Each notion should be read in detail along with its images.
Concept Register
Create a separate concept register where you can record the concepts you are learning in your language along with an explanation. You would find this register to be quite helpful when studying.
Practice
For each concept, try to answer as many questions as you can. You can consult any book, including the one published by your coaching institute, for this. In your notepad, write your errors.
Do Smart Study
Mark the questions that cover various topics as you study them, and then record the answers in the book alongside the question. You can use this when revising. You can concentrate on the points made by such queries.
Identify similar inquiries. This can assist you in preventing time wasted, as answering questions that are similar wastes time.
Daily study.
Set a time limit every time you answer a certain question. You will speed up as a result of this. Set a timer for a question when you are studying. For instance, the maximum time allotted for answering a question with an 8-mark weighting should be 14.4 minutes (8*1.8).
Establish daily goals. Goals ought to be reachable.
Keep up with any changes that the ICAI posts to its website along with RTP.
How To Prepare Accounts for exams?
Making a good plan is one of the most crucial aspects of exam preparation. Create a written revision plan. Set a goal to finish the entire subject in a specific number of days.
The first revision should be finished in no more than 20 days. Review each idea and all of its related questions during the first revision. Concentrate on your presentation and approach questions like you would in an exam.
You’ve already remembered your curriculum after one revision. Resolve the ICAI-issued RTPs for the current and previous attempts. Look for and concentrate on your issues. Answer the questions from previous tries.
Concentrate on your trouble spots in the second revision. You are not required to respond to every query. Your primary concentration should be on the concepts you find challenging and the problems with multiple-choice components, but don’t forget to review the fundamental ideas as well. It must be finished in no more than 10 days.
Answer at least two mock test questions using suitable exam techniques. This will assist you in developing your confidence and overcoming your exam anxiety. You will learn about the issues you encounter while writing a paper. You are welcome to participate in the ICAI’s regional branches’ Mock Test Papers.
CA Inter Accounts Syllabus Distribution
The ICAI-provided syllabus serves as the foundation for the CA Intermediate question paper. Applicants should be aware that only the revised syllabus will be used to produce the question paper by the ICAI. So, applicants must review the official syllabus and create a study plan following it before beginning their preparation for the CA Intermediate exams. The syllabus contains detailed information about the topics and subtopics covered in the CA Intermediate exams.
Paper included in CA Intermediate 2023 exam
GroupsPapersDetailsGroup 1Paper-1AccountingPaper-2Corporate and Other LawsPaper-3Cost and Management AccountingPaper-4TaxationGroup 2Paper-5Advanced AccountingPaper-6Auditing and AssurancePaper-7Enterprise Information Systems & Strategic ManagementPaper-8Financial Management & Economics for Finance
Vsmart Academy is constantly working to create a system that can assist every student in realising their full potential. It has been demonstrated by the Vsmart Academy results that we train every single student for rank rather than merely passing this exam. We are the best CA coaching institute in India because of this.
Paper Pattern
After finishing up our preparation, let’s concentrate on the paper pattern. There are six questions on the exam. Examinees must attempt four out of the remaining five questions, with the first question being required. The weight of each question is 20 marks.
