If you are giving your IPCC LAW exam in this may or nov then must watch this. It will surely help you in passing very easily
and please share to encourage us to upload more and more videos
If you are giving your IPCC LAW exam in this may or nov then must watch this. It will surely help you in passing very easily
and please share to encourage us to upload more and more videos
This problem often seen in students. Students say they get bore after studying for sometime.Here is the method which i applied on my self. This showed a good result.
1. Select a peaceful place with plenty of fresh air.
2.Always use a chair or stool to study as it protects us from laziness and hence from sleep.
3. Select a limited work or pages or topics to be covered in a short span of time. The selected pages or topics should be less than your average speed of reading. e.g. if u can read or learn 8 pages in a hour select 6 for hour.
4. Drink water whenever you feel sleepy. Can also try coffee or Soda containing caffeine and peppermint toffees or chewing . Chewing also keeps brain active by supplying blood.
5.Read and learn as you are not a student but as you are a teacher. Explain each every thing to yourself in the language you like most. Treat nearby area and walls as students.
6. Listen some music after some pages or topics as a reward.
7.For numerical or practical subjects listen some soft music in slow volume along with study.
8.Feel the importance of each and every topic in your life. Try to get examples for each topic.
9. Correlate each topic or paragraph with something. Like while studying something about business try to correlate it with your own business or friend’s business.
10.Make songs or poems of difficult lines you are unable to learn.
:– CA Alkit Jain
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Here, I have given 7 most important tips for CPT Exam. Kindly consider to crack CPT in first shot.
1) Most IMP: Remember you will have to get at least 30% in all subject, so till last attempt, generally CPT students were leaving Matches & statistic totally, but you cannot do so as 30% rule is applicable.
2) Accounting: Accounting is the scoring subject for CPT exam. If your account is well then your chances of cracking CPT is very high. In Accounting before starting revision of chapters/sums, first study whole theory of that chapter and then solve at least 1 or 2 questions from examples.
3) Mercantile Law: Prepare Mercantile Law thoroughly, don’t miss any topic, refer all the acts applicability date & definition. Because it was the only scoring subject after accounts. Contract Act is important one.
4) Economics: In economics 1st complete Macroeconomics then go for micro economics. Macro Economics is also very scoring.
5) Quantitative Aptitude (Math’s & Statistics): In Mathematics, first do the easy chapters which you had learned in school during 8, 9, and 10; In Statistics, don’t miss Differentiation and integration, Correlation and regression and theoretical distribution as these are the important one.
6) How many answers to tick ? This is the most obvious question to most of the CPT students. I will recommend you to tick mark around 160 – 170 minimum if your preparation is not good enough. Don’t do foolish thing of marking all of 200 questions otherwise you may be failed with 7 – 10 marks missing. I have personally seen peoples who tick mark all of them and fails, recently my friend had done the same mistake and he got 94 and failed and his brother had ticked 168 and he got 100 marks and was the luckiest CPT cracker. So, please keep this thing in mind. If you are well prepared then you don’t need to keep such restriction.
7) Be confident & Hard-worker: Last but not least study hard and do the hard work only because there is no substitute of hard work. And refer our most wanted article:- >How You Can Pass CA CPT Exams in 1st Attempt Easily
Best of Luck (y)
ACCOUNTING STANDARS AND THEIR | DISCLOSURES (IPCC GROUP -II ) |
---|---|
AS-4 contigencies & events occurring after | 1. Nature of contingency and events. |
balance sheet date | 2. Affect of uncertainty in the sense of future outcome. |
3. Estimate of financial effect or the fact that estimate can’t be made. | |
AS-5 net profit or loss for the period, prior | 1. narture and amount and their impact on |
period items and changes in accounting policies | current profit or loss can be clearly perceived |
2. material impact in later periods | |
AS-11 Effect of changes in foreign exchange | 1. exchange rate. |
rates | 2. Nature and reason for change. |
3. Profit or loss in process of exchange. | |
AS-12 governament grants | 1.method of presentation |
2.nature ans extent of government grants (mandatary and non mandatary assets given at concessional rate or free of cost) | |
AS-16 borrowing costs | 1.policy adopted for borrowing cost |
2.amount of borowing cost capitalised during the year | |
AS-19 lease accounting | Finance lease: |
lessee: | |
1.lease assets must disclose separately | |
2.details of lease period | |
3..if any contingent rent it should recognized as expense in P&L a/c | |
lessor: | |
1.contingentrent recognized as income in P&L a/c | |
operating lease | |
lessee: | |
1.Lease payments recognized in P&L Account for the period separately | |
lessor: | |
1.contingent rent recognized as income and P&L Account | |
AS-20 earning per share | 1.The amount used as numerators and a reconciliation of that amount to the net profit/loss for the period. |
2.The number used as denominators and a reconciliation of those to each other. | |
3.The nominal value along with EPS figures. | |
4.If a component of net profit is used which is not reported as a line item in the P&L Account, a reconciliation should be provided. | |
AS-26 Intangible Assets | 1.amortisation rate and method using |
2.gross qualifyingamount,impirement losses accumulated amortisation | |
additions,disposals,losses.,etc during period | |
3.if amortised over a period of 10 years then reasons | |
4.what assets pledged for liabilities as security | |
5.commiment amount | |
6.R&D recognised as expense during period | |
AS-29 provisions,contingent liabilities | provision: |
and assets | 1.carrying amount |
2.additions made during period | |
3.used and unused amounts during perios and amount of resevre | |
4.nature of obligation in brief | |
5.any reimbursement | |
liabilities: | |
1.nature | |
2.financial effet | |
3.uncertainity ragarding outflow | |
4.any reimbursement | |
5.required info and state of fact |
Use of sections in the CA exams:-
As per my suggestion student should start writing sections and case laws at the PCC level itself. I would suggest you to make it a habit to remember sections along with case laws as it will surely help you a lot during preparation for CA final or other professional examinations. Section and case law knowledge is also very important for your professional working. It is 100% true.
Keep one thing in mind — write the sections and case laws only when you are 100 % sure, otherwise leave it.
However let me tell you one thing you can easily clear your CA without sections but for me it is all about standards. Now the choice is yours.