25 December 2013
Preparation for Advanced accounting can be planned as follows… 1) The First and foremost topic to be selected is Accounting standards which carries around 25-30 marks almost 30% of marks so concentrate more on this..
Now take on Topics part of Company Accounts which carries overall weightage of 35-40 Marks and the topics are easy compared to partnership accounts….
Topic wise Preference is as follows
• Amalgamation and Internal Reconstruction (In this topics 16 Marks Questions are asked based on the paper asked in group I i.e if 16 Marks Q is asked from Amalgmn in Group I then in second group 16 marks or 8 marks questions are asked from Int.Reconstruction)
• Issue and Redumption of Debentures ( This topic is already covered in Group I i.e AS-13 so students who passed Group I can just revise it once it is sufficient)
• Liquidation of Companies (problems are based on Prescribed formats)
• Buy Back of shares
• ESOP’s
3) Now If you are confident of doing Partnership Accounts you can go ahead but it is better to choose Accounting for Banks, Insurance , Electricity as these also cover upto 15-20 marks Preparation for this chapters is it is advisable to thoroughly prepare problems of the model asked in previous years (scanner) and Practice Manual
Tip: Don’t waste time preparing lengthy formats as those are not of that relevance
4) Now it is better to choose Partnership Accounts which carries weightage of 16 marks 5) As a final step prepare Branch and Departmental accounts carries weightage of 6-8 Marks...
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