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which chapters are most important in the PCC exam

04 March 2008

I have my exams in May 2009.What should be the way to cover the syllabus of accounts to gain proper knowledge.And how much time before I have to complete my syllabus.

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14 Replies

Darshu (CA) (1580 Points)
Replied 04 March 2008

I think you should read whole course and then think of the importants.Also you have enough time to complete the whole syllabus thrice. All the best for your studies..................

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CA Harbinder (CA ) (1245 Points)
Replied 04 March 2008

u have to read all the syllabus properly, bcos u can't predict what CA institute has in mind

(Guest)

neha dear, in a/c , AMALGAMATION & PARTNERSHIP IS VERY IMPORTANT.......JUST WORK HARD, YOU WILL WIN FRIEND.......

CA. Amey Badle ( ) (94 Points)
Replied 05 March 2008

Dear Neha, you are required to study whole accounts from the module as well as the other books. you also have enough time to study. but still I can say that Amalgamation of companies is the most imp chapter. Work hard & the success will be yours.....

(Guest)

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(Guest)

Hi Neha.., dnt go for ths subject wthout Clear Cut Strategy. It is desirous to get ur 100% syllbs cmplt. But Work Smartly. Divide the whole sylb. in Three Divisions: I (Most Imp) includes.. Company Accounts, Partnership, Accounting Standards. Division II: Branch, HP, Banking, Insurance, Electricity, Single Entry & Division III rest of the chpters. Allocate ur Precious time on the basis of Importance of the Chapters... I think this apprch will work for u.

(Guest)

Dont leave anything. It is important. Selective study leads to Taking very dangerous risks. Better stuy everything. Thanks

Anuraag Sharma (Sr Executive Finance) (845 Points)
Replied 08 April 2008

selctive studu will give u nthing

nw u r in d professional course of CA so u shldnt take a risk of leaving nething coz u hv to b an expert of a/cs so better study all

u should finish ur whole syllabi abt 6 months ago frm ur xams study daily 5-6 hrs keep wrking hard. . .gd luck 4 ur xam

Anuraag Sharma (Sr Executive Finance) (845 Points)
Replied 08 April 2008

Strategy for Cracking PE-2 /PCC

Considering a professional approach, all the papers, and all the topics of each of the papers covered in the curriculum are equally important for any chartered accountant. However, from an exam perspective, we should plan our studies by analyzing the trend, so as to make sure that we do not over emphasize a "less important" topic at the cost of an "important" topic. So it is better to make a review of each of the topics, and make our studies "productive". Here is an analysis of each of the PE-2/PCC papers.

Paper I: Accounts:

This seems to be a lengthy paper, but it is an easier subject as compared to others. It is more important to analyze this paper than any other paper as all the questions asked are compulsorily required to be answered. It is better to divide the subject into sections:

Section I: Single Entry, Departmental Accounts, Branch Accounts, Hire Purchase & Installment System, and Investment Accounts.

Section II: Cash Flow Statement, and Funds Flow Statement.

Section III: (Format Chapters): Accounts of Banking, Electricity Supply, and Insurance Companies. Insolvency Accounts (Non-Corporate), Liquidation of Companies, Company Final Accounts.

Section IV: Partnership Accounts.

Section V: Company Accounts (other than format chapters): Share Capital, Underwriting of Shares, Buyback of Shares, Redemption of Preference Shares and Debentures, Profit Prior to Incorporation, Amalgamation, Absorption, and External Reconstruction, Internal Reconstruction.

Section VI: Others: Farm Accounts, Government Accounts

Section VII: Accounting Standards General Trend: Generally 1 question is asked from Sec. I, II, & III each. At least 1 question is asked, either from Sec. IV or Section V. And, as we all know Q6 contains at least three questions from Accounting Standards (Sec VII). Important chapters are: Cash Flow Statement. Fund Flow Statement. Single Entry. Hire Purchase. Banking Cos. Insurance. Cos. Amalgamation, Absorption, and External Reconstruction. Internal Reconstruction.

Important Accounting Standards are 6,12,18,16,17,22,4,5,9,20,26,7,12. Follow this sequence for AS. However, in the new course only limited standards are relevant. So we may plan our studies accordingly. Generally no separate questions in Q6 are asked from AS-3 (Cash Flow), AS-14 (Amalgamation), AS-11 (Foreign Currency), and AS-19 (Accounting for Leases), since these are already covered in the chapters. It is advisable to quickly finish Farm Accounting and Government Accounts from the compilation, and give time for other important topics. However, at least one question is generally asked from these topics in Q6.

Cash Flow Statement and Fund Flow Statement should be thoroughly prepared in accounts paper itself, because fund flow though usually not asked in accounts, is an important topic in FM, and we hardly get any time to revise all the topics on the last day of Costing and FM paper.

*Fund Flow statements are removed from PCC syllabus

1 Like

(Guest)

good job anurag........

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RAJAN CHAVAN (PGDFM) (253 Points)
Replied 23 November 2008

hi....Neha

first of all take one complete reading of our modules and then thereafter make ur planning for study....proper schedule makings is very imp..

JUST FOCUS ON YOUR GOAL AND NEVER GIVEUP...THAT I LEARN SITTING IN THE CA INSTITUTE LIBRARY

REGARDS

RAJAN (MO.+91-9819698357)

Originally posted by :NEHA
"	I have my exams in May 2009.What should be the way to cover the syllabus of accounts to gain proper knowledge.And how much time before I have to complete my syllabus.	"