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How can i get exemption in advanced accounts in remaining days

04 May 2018

due to unavoidable circumstances, I was not able to study for Ipcc 2. now only 7 days r left so I decided that I will study only advanced accounts for next 7 days. how should I study advanced accounts to get an exemption in advanced accounts. pls guys reply. it will be a great help.

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4 Replies

Deepthi Sri (11 Points)
Replied 04 May 2018

advanced accounts is a scoring subject.only few days left for the exam .it is better to study smarty.

accountind standards (20-25)

partnership (16 marks)

company accounts ( totally 32 marks)
divided into sub topics
esop and buy back
underwriting
redemption
liquidation
amalgamation and internal reconstruction( 16 marks either from amalgamation or reconstruction)

banking companies (8 marks)

insurance ( 8 marks)

Branch account ( 8 marks)

departmental account(8 marks)

NOTE: the above analysis are as per past trend...icai may change it so it is not 100•/• sure

first go with accounting standards .never miss this .if you ignore...you will miss exemption

then go with partnership , amalgamation, reconstruction, departmental account

company accounts

next format based chapters : banking and insurance

if possible go through rtp and mock test paper

good luck
hope this is helpful
Happy studies!!!

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Sana Sultana Mussu (Student) (5119 Points)
Replied 04 May 2018

do accounting standards perfectly...
dont leave partnership ...
also do all the chapters from company accounts..
can take risk of leaving things which were asked in last attempt but leave at ur own risk...
banking company and insurance are also easy do it...

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satish (teaching) (2046 Points)
Replied 04 May 2018

hello friends.

Area A. Accounting standards (small area - chance to cover more marks) = 25 to 30 marks

Area B . Next cover small chapters

1. underwriting 0-8 marks

2. Departmental accounting 8 marks

3. ESOP 0-8 marks

4. Buy Back 0-8 marks

Area C : Cover for format based chpters (lenghty but simple topics. If we know the format we can score cent percent marks)

1. Insurance companies 8-12 marks

2. Bank accounts 12-14 marks

3. Liquidation 8-16 marks

Area D: Last area Follw this order after completion of Area A, B and C.

1. internal reconstruction 0-16 marks

2. Partnership accounts 16-20 marks

3. issue and redemption of Deb 8 marks

4. Branch accounting 8- 12 marks

5. Amalgamation 0-16 marks

Here question from either internal reconstruction or Amalgamation.

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