How to pass CA-IPCC in First effort @lines of venkatrao.
Hi everyone … Being one of the most difficult courses in India chartered accountancy is a subject to talk about for many trainees & parents.
So, Here I’m going to talk about how could I qualify IPCC in my first attempt with a good percentage.
As a trainee many of the candidates prefer to enjoy their trainee life.But there is an incorrect idea among the trainees that “if we desire to clear ipcc in very first effort then we need to compromise all sources of enjoyments” it’s not correct…
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How to pass CA-IPCC in first effort @lines of venkatrao
The only thing you require to have in your mind is “a strong determination to end up being a chartered accountant”. Besides studies a trainee might have interest in lots of other activities like music, sports, dance, acting, taking a trip and so on … we don’t require to sacrifice all those for getting out of IPCC effectively in our very first attempt.
I was not able to understand some concepts in tax, accountancy … however the association with my good friends made me to end up being a specialist in such subjects. I’m so much thinking about Strategic management and auditing. So I utilized to listen the classes very thoroughly … I faced some circumstances where I couldn’t even manage my sleepy, non-active mood.I followed some suggestions on my own to certify IPCC in first effort with good percentage.those are:
put your efforts to end up being conceptually strong.Understand the difference between application of those principles in various situations.Try to keep in mind the formats of different declarations, accounts.If you missed out on the classes related to some particular chapter then ask your friends to comprehend it as early as possible.
To start with you need to concentrate more on ethics & interaction … which help to get more marks in relatively little amount time.
understand the difference between the content and logic in application behind every act … like business act 2013, Epf act, benefit act etc.,
3) Costing & Financial management:
Understand the application of each formula with the aid of given inputs in the problem.Don’ t ignore the theory part in costing.Even though you are strong in fixing issues, pay more attention to theory.
Financial management is comparatively some much easier than costing… only thing required is how reliable you are in using the concept.and here also theory is a great advantage to score better.
Listen to the classes thoroughly and attempt to comprehend the principles with some examples.prepare charts for various ramifications and utilize them to revise rapidly.” Tax to ca is like vax to candle light” Concentrate on amendments.And prepare all kinds of problems in ICAI product.
1) Advanced accounting:
Here you can follow the same approach like in accounting … but a small difference is to concentrate more on few chapters like partnership, branch accountants, and format oriented chapters like insurance coverage co, bank accounts, electricity co and so on
2) Auditing & guarantee:
Modify more number of times… ways recall the concepts as often as possible.Concentrate on requirements on auditing, vouching & confirmation.
3) IT & SM:
Relate the ideas to easy examples to understand IT better.Being a theoretical subject one might face lots of problems in keeping in mind. So revise frequently and don’t be unclear in little differences amongst many similar phrasings.
The more you are good at comprehending the concern the more you likely to have possibilities to score better in SM. Link all the principles with genuine examples and attempt to address simply put format with valuable points.
# if you have any doubts then call me on Facebook or [email protected] to clarify … I’m always all set to share my experience that helps to others #
This is my marks memo
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