Prerna (CA Final Student) (308 Points)
22 May 2012Hi please tell me which is better K S Rawat or M P Vijaykumar for understanding Accounting Standards, CA Final. I have enough time and I will be doing self-study. Also please throw some light on good points and bad points of each book. Also should I purchase second-hand book or new book as my attempt is May 2014.
Thanks in advance.
Ankita Methi
(Credit Underwriter)
(758 Points)
Replied 22 May 2012
D S rawat is good.......but a step ahead would be pravven sir's notes in this regard.......try to collect the notes frm someone.....the copy itself is sufficient to get agrip over accounting standards
Joey Tribbiani
(fdg)
(2010 Points)
Replied 23 May 2012
DS rawat's coverage is quite elementary and I realised it 5 days before exams,so dont rely on DS rawat alone. MPV is good for self study.
kartik
(student)
(989 Points)
Replied 23 May 2012
MPV's book is one of the finest on Accounting Standards. I myself refer this book. There are however 2 pre-requisites for using this book. Time and Patience. Tons of patience in fact. Don't let the size of the book overwhelm you. Its a 1000 page monster but as far as concept clarity is concerned, you won't get a better book.
Arun S
(CA Final)
(239 Points)
Replied 23 May 2012
Go for Sanjeev Singhal. Its a fantastic book for understanding concepts, not a very big book like MPV and it contains all exam problems for the past 20 yrs asked bothin Accounts and Audut paper.
Prerna
(CA Final Student)
(308 Points)
Replied 23 May 2012
Thanks all. Could you also advice me on whether I should purchase a second hand book or a new edition? My attmept is May, 2014. If there are changes in Accounting Standards in April 2012 then I will definately purchase new edition. So are there modifications to AS in April, 2012?
kartik
(student)
(989 Points)
Replied 23 May 2012
Prerna, there are gonna be major changes in the Accounting Standards. In fact, the whole set of the existing standards are to be replaced by the converged Standards known as IND - AS. Those standards are now in their Exposure Draft stage. However, there is no clarity as yet to their implementation and eventual integration into the sylabbus. But, knowing the existing standards won't do you any harm. So you can buy the book and study and buy a new book when the new Standards come into effect. If you are unwilling for that but yet want to study the existing Standards, you can try to get the book from your seniors or maybe buy a second hand version from any shop.
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