CA IPCC Accounting Group 1

IMPORTANT TOPIC/CHAPTERS IN ACCOUNTANCY GROUP 1

           As you know our profession ends with this one word & yet so powerful.Before you start up with any subject there is one Vital rule to know

"NO Topic & No Chapter can  be ignored focusing exams". Every topic has got its importance but as referring to the past papers we conclude some chapters which have the maximum probability of being questioned.

Know your potentiality in this subject. Whether you are a Commerce student or other student?
If you are an commerce student only one way to crack accounting is "PRACTICE"
Many students feel auditing and cross checking the figures is enough. If you do not wish to practice you cant even learn A B C "s of accounting.Start with basic concepts and do not directly enter to solve the problem
it will end you up by confusing yourself.

there are tow subjects in which you can score as much as you can
one is accounting the other is Taxation.

for easy and good understanding we have divided the whole concepts into two categories based on  their weightage for exams, which are subdivided into two more categories each.

Category 1:

Weightage for the exam 8 to 16
chapters:

First Priority:
Partnership Accounts
Amalgamation and Internal Reconstruction
NPO
Accounting Standards    8 to 20 marks

Second Priority:
Cash Flow Statements
Accounting from Incomplete Records

Category 2:


weightage for the exam 4 to 8 marks:
First Priority:
Insurance Claims
Accounting in Computerized Environment
Investment Accounts
Average Due Date

Second Priority:
Account Current
Self Balancing Ledgers
Company Accounts Preparation


Must Asked Chapters:

NPO
Average Due Date
Investment Accounts
Accounting Standards
Partnership Accounts


Alteration and conversion of Share Capital

the above analysis is prepared by crawling through the past question papers , deciding the probability  and not by the possibility. The effort behind this article was to guide the students to set the priority , covering all the concepts . However the question paper may change depending on the decisions by ICAI.

Every CA students Should we aware of fact that

"No topic can be ignored focusing for CA exams"

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