hey guys ,
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 15 July 2011
BETTER TO FOCUS ON ONE GROUP NOW. IT WOULD BE BETTER
NIVED C P
(ca final student)
(320 Points)
Replied 15 July 2011
Tony G
(Vice President but looking for a different meaning to life)
(251 Points)
Replied 16 July 2011
Originally posted by : NIVED C P | ||
hey guys , will it be possible to cover ca final topics within 3 months???????plz reply dont knw what to do??? |
3.5 months is very much sufficient to complete CA Final portions. Study on an avg 8 to 10 hrs min a day. Do social networking and other activities for refreshment subject ot time limit. Here are some of my suggestions on preparation.
For Financial Reporting - Use Padhukas and DS Rawat's book. Finish AS first from DS Rawat's book. Then finish miscellaneous topics like HR accounting, Shareholder's value added, EVA,GVA, Accounting for Share Based Payments, Guidance Notesetc. first so as to finish 75 % of the syllabus in a less time. Then proceed to Consolidated Financial Statements and Accounting for Amalgamations and Corporate Restructuring. Give more importance to ICAI study mat probs, past RTPs and Past Exam Ques given in Padhukas.
For SFM- Use AN Sridhar's book. Finish chapters like IFM, Derivatives, Portfolio Theory, Capital Budgeting, Dividend first and other chapters next. For theory give importance to the questions asked in compilers.
For Audit - Use VK Aggarwal's book. Finish SA, Professional Ethics, AS, COmpany Audit, Audit Report, Special Audit, Audit of Banks and Insurance Companies, Audit strategy,planning and programming thoroughly first and then proceed to other chapters.
For Law- Use Munish Bhandari's handbook. Finish Allied Laws first. Easy to finish and 305 gets covered in less time. Then finish chapters like Directors, Inter Coporate Loans, Producer Companies, Dividends, Oppression and Mismanagement, Winding up first and others in the remaining time.
For Advanced Management Accounting - Use Padhukas. Finish QT first. Easy part of CA final Costing and 30% will be covered. Then proceed to chapters like Transfer Pricing, Learning curve, Uniform Costing, Marginal Costing and Standard Costing. Dont waste too much time in Marginal Costing and Standard Costing. Again give importance to ICAI study mat probs, past RTPs and Past exam Ques asked in Padhukas. Time management is important here. Dont spend too much time in Std and Marginal costing at the cost of other chapters.
For ISCA - Follow Padhukas as it covers ICAI study material in a Q & A format. Only thing needed here is how much you remember things like ERP, BCP, IT Act 2008,etc. Start studying this subject by finishing last 5 chapters in Padhukas first and then finish the First five.
For DT - Use TN Manoharan Sir's book. FInish Recent Amendments and REcent Cases first given in the begining of the book. Then FInish Wealth Tax thoroughly and then proceed to chapters like Penalties, Appeals and Revisions, Collection, Recovery of Tax and Refunds, Special Provisions applicable to Firms,companies, NRIs, IT Authorities, Double Taxation Relief, Procedure for Assessment first and then finish the remaining chapters in the available time.
For IDT- Use Ajay Jain's book. Finish Recent Amendments and Recent Cases first. Then finish Service Tax and VAT first. these are small topics and cover relatively less time. Then finish Customs and finally proceed to the big giant Excise. in Excise, give more importance to CEntral Excise Valuation, Central Excise Rules, Cenvat Credit Rules, SSI and Penalties.
All the Best. believe in yourself and give your best shot.
Mukesh Kumar Singh
(CA-FINAL)
(4094 Points)
Replied 16 July 2011
BETTER TO FOCUS ON ONE GROUP NOW. IT WOULD BE BETTER