Few important tips & suggestions for Paper 5 - Advanced Accounts ( IPCC )

Few important tips & suggestions for Paper 5 - Advanced Accounts ( IPCC ) 

1. Start with AS, there will surely 8-12 marks paper out of it. First read it from your material or book whatever you had and in last for practice please do all question of Study Material & Practice Manual issues by ICAI.

2. Do chapter Electricity, Banking & Insurance. Marks covered by this chapter 16-24 marks. Just do all Questions & Examples of Module & Practice Manual no question will be asked outside that.

3. Now do topics like Buy Back, Underwriting, ESOP. Marks covered is 8-12. Most easiest topics.

4. Now do Branch Accounts & Departmental Accounting. There will be surely question out of this topic may be ranging from 10-16 marks. So prepare well and 1st do Branch & than Department. Question comes on alternative basis mostly time. Refer Practice Manual for this topics.

5. Now do Partnership Accounting 16 marks question surely out of that. So prepare well.

6. Now do Internal Reconstruction & Amalgamation. Marks covered 16 minimum. I am saying to do this topic in end as we already studied this in Grp 1 Accounts and there are some points which are same so will be confident in this topic.

7. In last to Redemption of Debenture as i heard many students not like this topic at all. Even not much weightage for this chapter you can left out in choice also.

** Important thing is that more you refer Practice manual more you benefit so make sure that you manage your time in that way so that you have time to go through Practice Manual.