10 January 2016
Dear friends , i am going to appear in ca final may 2016 for 2nd group...i m going to prepare through self study....please suggest me the best books for the 2nd group from self study point of view...
You may go for the following options regarding books for ca final:
1. For Accounts/Financial Reporting: M.P. Vijay kumar or Shukla & Grawal along with Module And Compilation and for AS part go for D.S. Rawat
For CA Final AS preparation---Dolphi Desouza is also good.
2. Strategic Financial Management : A.N. Sridhar or V. Pattabi Ram
3. For Adv. Auditing & Professional Ethics: Surbhi Bansal/Prakhar Sharma/Paduka/ V.K Agrawal Note: (MP Vijay Kumar can be used for AS reference). My personal choice would be Surbhi Bansal
4. For Corporate & Allied Laws: Munish Bhandari and Bare Act
5. For Mafa: Module and Notes of Tarun Mahajan. You may also refer A.N Sridhar.
6. For Direct Taxes: TN Manoharan (Theory part), Circular, Notification, Amendments, case laws. Also refer Vinod Gupta Modules.
7. For Indirect Taxes: Vandana Bangur. You may also refer Yashwant Mangal as all topics given in question and answer format and it is easy for revision.
8. For Information System control & audit: Module and Dinesh Madan. You may also refer Jignesh Cheda.
9. For Costing: Saxena and vashist or Ravi M Kishore with module
10. For Financial Reporting: MP Vijay Kumar or Paduka
11. Advance Management Accounting: Paduka. It has also covered all the theory questions and is enough, no need to do practice manual.
Also refer Scanners and Suggested Answer issued by ICAI for previous year exams and revised them properly.
For some good notes explore CAClubindia forum and share file section. You may also use search facility of club.
I would strongly suggest you all to stick to the basics of study to avoid further failure and ensure success. There is no need to make drastic changes in your preparation method. In CS and CA exams scanner, practice manual, revision test papers along with Institute study material plays an important role so take reference and plan your study accordingly. For me some basics of study are as follows:
1. Timely completion of course material—Very first basic thing is to finish your course to have better idea of course structure. This will also help you to prepare a good revision schedule along with study plan.
2. Timely revision-- Another basic study point is to give ample emphasis to a good revision plan. There is nothing is this world which can substitute a good revision plan. To succeed revision is must.
3. Ample amount of practice of Numerical [account and cost] questions-- One major reason of student failure is bad performance in practical questions. So ample amount of practice of Numerical [account and cost] questions is must along with perfect conceptual clarity.
4. Right amount of theory preparation in practical subjects—Most of the students don’t give due value to the theory in the practical subject. So right amount of theory preparation in practical subjects is equally important. The best way to solve this issue is to prepare notes of frequently asked theory questions from Scanner.
5. Selection of right books—Another basic point for good preparation is the selection of right reference books. So take help from your seniors in choosing right books.
6. Good presentation of theory— Lack of good presentation especially in theory paper is one of the major drawbacks for most of the students. In theory subjects good presentation of theory is must along with mentioning case laws and sections etc. So I’d request you all to take note of the same.
You are advised to regularly check the link given below to keep you in sync with latest amendments and keep a track of changes in Syllabus and various amendments from the BOS knowledge portal of ICAI:
Applicability of Standards/ Guidance Notes/ Legislative Amendments etc. for November, 2015 – Intermediate (IPC) Examination:
http://220.227.161.86/38142bos27827ipc.pdf
Further, The topic of “Financial Reporting of Electricity Companies” would be excluded from the syllabus of Intermediate (IPC) Paper 5: Advanced Accounting and the same would not be applicable from November, 2015 Examination and onwards.
There is Modification in the Syllabus of Intermediate (IPC) Paper 5 Advanced Accounting and applicability of the same for November, 2015 Examination and onwards. Kindly check the link below to note such amendment.
Applicability of Standards/ Guidance Notes/ Legislative Amendments etc. for November, 2015 – Final Examination:
http://220.227.161.86/38141bos27827final.pdf
Relevant Cases for Direct and Indirect Tax: [Relevant for November 2015 examinations]
Indirect Tax:
http://220.227.161.86/35312scasesp8.pdf
Direct Tax:
http://220.227.161.86/35311scasesp7.pdf
Revision of CA course syllabus for 2016
For Revised Scheme of Education and Training introduced by ICAI dated 06-07-2015 for CA Course, kindly check the link below:
http://220.227.161.86/38143bos27828.pdf
For some key changes in the syllabus of CPT, IPCC and final applicable from 2016, kindly check the link below:
http://caultimates.com/ca-syllabus-2016/
For more clarity and change details, you are advised to keep a watch on ICAI website and relevant announcements in this regard. Please note details of exact change in syllabus is to be rolled out by ICAI so the picture about new syllabus is not clear.
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