Tips to attend Paper
PAPER - 1 – ACCOUNTS
1. The pattern of the question paper is as follows:
a. You have to attend all the 6 questions (There is no choice)
b. Question number 1 is for 20 marks
c. Other questions are 16 marks each (16x5=80)
2. Read these chapters from any book
(a) Consolidated Financial Statements (CFS)
(b) Amalgamation
(c) Valuation of Share & Goodwill
3. Following topics can be read from Padhuka Publications – Sarvana Prasath:
(d) Theory –10 marks
(e) Accounting Standard- 20 marks
(f) Guidance Notes-10 marks
(g) Miscellaneous topics-20 marks
4. Give special focus on Accounting Standard as the same will be asked in Accounts, Auditing & Law exams (almost 60 marks put together in all subjects)
5. Time will be a constraint. You can spend at the max half an hour for each question. Always try to attend 100 marks but don't lose heart if you are not able to attend 100 marks. Attending anything between 80 to 100 marks is really good.
6. First read d,e,f,g then read a,b,c.
7. Never attend a,b,c first. Start with d,e,f,g then start with a,b,c in exams
8. Theory questions will be very simple and straight forward and please don’t ignore theory and the misc topics. It will help in scoring and also clearing the exams.
9. Please go through the RTP prescribed for your attempt, as sometimes the exam problem is one of the RTP questions.
10. Please read recent amendments like definition of SMC, IFRS etc,, in short be aware of the recent happenings in our profession.
11. Keep practising the problems during your preparations. It will give you momentum and will let you know which problem will take how much time in exams.
CAclubindia
