Regarding motivation factor, i use to read autobiographies/biographies of peak performers like Mahatma Gandhi, Swami Vivekananda, Dhirubai Ambani, Barack Obama, Captain Gopinath etc. cos their stories of failure and achievement tells me not to stop and move on and face failure without loosing enthusiasm and also spend some time with persons who understand me and are my deep well wishers. See whether your friend can do the same and feel the change. Regarding study strategy for PCC ya here goes,
1. For Accounts - First finish Amalgamation and Internal Reconstruction, Cash Flow Anaylsis, Partnership, Hire Purchase and Single Entry System. Then do Accounting Standards, Branch Accounts, Bank Accounts, Insurance Cos. Accounts and then the balance. For understanding Concepts, use RL Gupta or Padhuka or her class notes or ICAI Material which is comfortable for her. Regarding sums, it is sufficient if she does sums asked in ICAI Material and Compilations for Accounts.
2. For Auditing - Follow Padhukas blindly and study chapters like Company Audit I & II , special audit, Audit Report first and then the rest of the chapters. Audit is easy at PCC level provided you know how to answer questions properly in Exam and Padhuka helps in it cos it contains extracts from ICAI material, Past Exam questions and Past RTPs with a view to prepare the student for the exam in a smart way.
3. For Law, Ethics and Communication - Follow Munish Bhandari's book. Don't waste too much time in Ethics and Communication. In communication, read those chapters like preparation of deeds and drafts thoroughly cos sure 10 marks from those chapter. Regarding Law, First finish a chapter in Munish Bhandari and then revise that chapter using compilations cos in Law, you need to know how to answer case laws cos examination questions are purely caselaw type and compilation helps you in revision purposes.
4. For Costing and Financial Management - Use Padhukas to understand the concepts and then work out sums in it thoroughly(no need to use ICAI material or compilations here cos Padhukas cover ICAI material probs and past exam probs within itself). First finish chapters like Standard Costing, Marginal Costing, Materials, Overheads, Integrated and Non Integrated Cosing and Joint and By Products first and then the rest in case of Costing. Finish Chapters Cash Flow and Funds Flow Analysis, Capital Budgeting and Working Capital Management first and then the rest in case of FM.
5. Taxation - Here, The best books is TN Manoharan. First finish VAT and Service Tax First. 25 marks in your hand easily. Then the recent amendments. And then proceed the other chapters. Profit and Gains from Business or Profession and Capital Gains take much time . Others can be done in a short time. Ask her to remeber the rates of TDS, due dates for TDS and Service Tax, Filing of returns and so on.
6. Infotech and SM- It is a scoring paper. I recommend Dinesh madan for this subject. First Finish Flow Chart, networks and COmmunications, Internet and Database Management Systems first. 30 marks from these chapters alone and then the remaining chapters should be done in a minimum amount of time. Regarding, Strategic Management, you need to remember some concepts like the BCG Matrix, SWOT Analysis,etc. and how to apply them in the given situations.use any material which will help you to finish SM in a short period of time. SM can be done easily as per my conviction.
Wishing your friend all the best.
Sreev
CAclubindia
