16 July 2014
How to well prepared for CA FINAL FINANCIAL REPORTING subject.........????? I do not find any good books which are self explanatory for A.S....... D S Rawat is theoretical with very less illustrations & examples.......It's not a good & not enough content type book......Exam-Based Book only....... I want EDUCATION GUIDE type book which explains all A.S. paragraphs with Examples too.......... It should not be like boring theoretical notes only just to pass / crack CA EXAMS...... If any of the CA Professional have information regarding such BOOK......plz......let me know......
Read more at: https://www.caclubindia.com/forum/regarding-financial-reporting-subject-298438.asp#.U8awA5SSwVQ
24 July 2024
Preparing effectively for CA Final Financial Reporting (FR) requires a combination of understanding concepts deeply and practicing extensively with real-world examples. Here are some strategies to help you prepare well for the FR subject:
### 1. Comprehensive Study Material:
- **ICAI Study Material:** - The Institute of Chartered Accountants of India (ICAI) provides comprehensive study material that covers all Accounting Standards (AS) in detail. It includes explanations, examples, and illustrations that help in understanding the application of AS in practical scenarios. - Ensure you thoroughly go through the ICAI study material as it is designed to cover the entire syllabus and is aligned with the exam requirements.
### 2. Recommended Books and Guides:
- **DG Sharma's Video Lectures:** - You mentioned DG Sharma's video lectures earlier. Video lectures can be a valuable resource as they often provide visual explanations and walkthroughs of complex topics, which can complement your understanding from textbooks.
- **Practice Manuals and Revision Test Papers (RTPs):** - Use practice manuals and RTPs provided by ICAI. These resources contain a variety of questions and case studies that are designed to simulate exam conditions and help you apply theoretical knowledge to practical scenarios.
### 3. Additional Study Resources:
- **Eduex - Education Guide:** - You may consider exploring resources like "Eduex - Education Guide" which are designed to provide a more practical and illustrative approach to learning AS. - Look for books that focus on solving practical problems and case studies rather than just theoretical explanations.
### 4. Online Platforms and Forums:
- **Online Courses and Forums:** - Consider online courses and forums where CA professionals and experts share insights, study tips, and answer queries related to FR and AS. - Platforms like Udemy, Coursera, or specific CA exam preparation websites may offer courses or study materials that provide detailed explanations and practical examples.
### 5. Study Strategy:
- **Systematic Approach:** - Create a study plan that covers each AS systematically. Allocate time for reading, understanding concepts, solving problems, and revising. - Break down your study sessions into manageable chunks focusing on specific AS or topics.
- **Problem Solving Practice:** - Practice solving problems and case studies related to each AS. This will help you develop problem-solving skills and understand the application of AS in different scenarios.
### 6. Peer Discussion and Mentorship:
- **Study Groups or Mentorship:** - Join study groups or seek mentorship from CA professionals who have cleared the CA Final exams. They can provide guidance, share practical insights, and discuss challenging topics with you.
### 7. Exam Preparation:
- **Mock Tests and Past Papers:** - Closer to the exam date, practice mock tests and solve past exam papers under timed conditions. This will help you familiarize yourself with the exam pattern and improve your time management skills.
### Conclusion:
To excel in CA Final Financial Reporting, focus on understanding the concepts deeply through comprehensive study materials, practicing extensively with real-world examples, and leveraging additional resources like video lectures and online courses. Adopting a structured study approach and maintaining consistency in your preparation will significantly enhance your chances of success in the exam.