Sourabh (Student) (360 Points)
31 March 2015Hello friends
I have exams in May.I have done all other subjects but havent even started Financial reporting or Accounting Standards.
I want to complete them in maximum 15 days
I know doing it fully is not possible,but please tell me which topics are most important.Which should be done first and which can be left for last?
Thanks
MD. RAFI
(Manager Accounts (future CA))
(670 Points)
Replied 31 March 2015
To complete FR in 15 days from zero is tough job. I don't want to discourage you, nothing is imposible! My suggestion is start from easy topic like value added statement, then valuation, share based payment, financial instrument, corporate restructruing, AS. If you may do this well in time then go for Consolodated Fin Statement.
Vivek Venkataram
(Just cleared CS(441/800) now C.A Final Attempt in May 2015)
(772 Points)
Replied 01 April 2015
As mr Rafi has said
Start with easy chapters . Try to consolidate your position.
Amalgamation, Valuation and standards is must to secure high marks. Can leave out consolidation if you havent done any of it before as it is time consuming. Amalgamation basics are done in ipcc.
best of luck. strive hard
SARAVANAKUMAR
(CA STUDENT)
(40 Points)
Replied 01 April 2015
SARAVANAKUMAR
(CA STUDENT)
(40 Points)
Replied 01 April 2015
CA CS Himanshu Khandelwal
(SAP FICO Consultant)
(705 Points)
Replied 07 April 2015
Hi Sourabh,
Even if you are referring FR for the first time then also 15 days are more than enough.
All small chapters like Value added statement,Economic value added statement,etc can be completed in a single day.
Then you can go for valuation part. It should not take more than 2 days.
Then accounting standards- Max 5 days
Then amalgamtion- 2-3 days
Then consolidation- 3-4 days.
Hope this helps.
Regards
Himanshu Khandelwal
CAclubindia
