Reference book for self studies.
Paper Number one: - Advanced Accounts
1. Shukla and Grewal
2. PC Tusian
3. MP Vijay Kumar ( First lessons to Accounting)
4. Padhuka Ready reference
1. These are the best and competitive reference book available in the market. You can buy any one of the reference book.
2. Apart from the reference book, also refer Practice manual, ICAI modules and suggested answers.
3. Good and sound knowledge about Fundamental of accounting and good problem solving skills are required for this subject. For this you should be sound with respect to concepts .Since a minor deviation from your understanding will cause the problem misleading.
Paper number Two: - Accounting Standards
1. Mp Vijaykumar
2. Dolphy D souza
3. Padhuka
Students at I P C C / P C C level require a Fair Idea about accounting standards. The paper Advanced Accountancy is Governed by this Accounting standards.
Auditing and Assurance
1. Padhuka
2. Surabhi Bansal
3. Vinod Kumar Agarwal
4. Kamal Gupta
1. Both Accounting and auditing paper is interred linked. If you are fairly good at Accounting, then, this paper will not be difficult. There is no Accounts then there is No Audits.
2. Students require a fair Idea about Company Audit One , Company Audit two, special audit, CARO Reports. SA and AS.
3. Apart from Above reference book Never Ignore ICAI Practice manuals and suggested answers.
SA
1. DS Rawat
2. Padhuka hand book
1. The Auditing paper is governed by Standards on Audit hence students are advised to have a fair idea about the entire SA.
2. No skipping or selection with respect to SA study. Give the same importance to Audit chapters.
Business and corporate laws.
1. Munish bhandahri
2. MP Vijay Kumar
3. Jayaraman Sir Notes
1. Students are advised to have a fair and good knowledge about Company Law, Business Law, negotiable instruments Act and other laws.
2. All laws are equally important. Give same importance to all the Laws. No skipping or selections.
3. This paper also inter linked with Accounts and Audits for some areas. (Company Law, Company Account and company Audit is just an examples for you)
4. Apart from above Book, you can refer Practice manuals and suggested answers for practical oriented questions.
Cost and FM
1. Padhuka
2. Ravi M Kishore
3. I M Pandey
4. Colin Drury
1. This paper is more dominated by concepts and application of the concepts. Problems will not be similar.
2. With Merging of FM, the importance of problem has increased.
3. Students have to develop a good problem solving skills. Problem pattern at exam cannot be predictable.
Income tax and VAT and service Tax
1. TN Manoharan
2. Singhania
3. Girish Ahuja and Ravi Gupta
1. Students are required to understand the concepts behind legality are first and foremost thing. Should require a fair knowledge about all the 5 head of income, Chapter VI A deductions and Gross total Income problem solving.
2. VAT and service tax area also have to give the same importance of Income tax. You are advised to study balanced manner.
3. Apart from these, amendment applicable to exam also important since few questions can be from these amended area just to check your updation with taxation.
IT and SM
1. ICAI module is better Plus practice manual
2. Padhuka plus Practice manual
1. This is the subject which does not have commercial touch. SM case law cannot be predictable hence some element of caution is required.
2. First and foremost thing is, you have to study balanced manner with respect to both IT and SM part. No Skipping or selection with respect to chapters
3. Good and periodical revisions since this is highly volatile.
4. Practice manual is very important for this subject.
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