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How to prepare for CA Inter Advance Accounting

How to prepare for CA Inter Advance Accounting

Are you prepping for advanced accounting and struggling to understand the concepts and methods related to basic accounting a such as partnership accounts, buyback accounting, banking accounts, consolidation accounting and etc? Advanced accounting in CA inter exams is the easiest subject that can be easily passed and you can also score well just by following a few instructions that we are offering now. By bypassing this exam you can excel in accounting techniques and become a pro accountant in the future.

 

What all are the things included in the course?

 

You must first know that the course basically needs self-learning more than actual learning. You will get to learn several examples of real-life so that you get the best learning. The course includes lectures on the topics that are designed for your feasibility and is available with various examples of CA inter mock test papers. The course also includes video lectures, blackboard sessions, a notebook, etc. This is designed in simple language so that you do not have difficulty understanding it.

 

Tips to prepare and score well in the paper

 

  1. Make the list by categorizing the important and lengthy chapters in one list and those that are small and can be easily prepared in another. You can easily prepare by making the sections and then prioritize them as per their importance and length.

 

  1. The first topic that you should select in advanced accounting is those that fall in the category of 25-30 marks questions. Prepare them first since they can take up to 30% marks in your exam.

 

  1. Now you can pick up the questions that have a value of 35-40 marks. The company accounts topics are easy in comparison to partnership accounts. You can pick them based on topic preferences. You can take Issues and Redemption of debentures, liquidation of companies, amalgamation, and internal reconstruction, ESOP’s, etc.

 

  1. Now when you are done with the above tasks you can take up the other topics that contain 15-20 marks at maximum. Go through the problems and prepare them by solving them not just by revising. Prepare from the previous years' papers and also give CA inter mock test papers.

 

  1. The next step should be taken when you are finished with the above chapters and start preparing 16 marks questions.  Preparing them is very important since they add marks just by solving easier questions.

 

  1. The chapter's Branch and departmental accounts should be prepared in the last since they carry 8marks questions which can be prepared easily.

 

CA Inter Advanced Accounting Important chapters - that you must prepare diligently to pass the exam

 

  • Partnership – Entire partnership is shifted from accounting group 1 to group 2 advance accounting
  • Banking companies financial statements – There are hardly 4 types of questions, easy to score marks
  • Consolidation – Some adjustments are typical, this chapter requires a lot of practice.
  • Buy Back of securities – Easy and 14 to 15 marks questions will definitely ask from this chapter
  • The amalgamation of companies – Normal adjustments, usually students have a good understanding of the same

 

Benefits that you can have by opting for the course to do well in exams

 

  • You can have practical learning since you get many case studies to solve in this course. The complex topics that you put your efforts into solving through the case studies will help you learn from practice. There is no other best way to learn than this.

 

  • The course will help you make your accounting techniques sharper as an accountant or accounting executive. This has many practical topics and methods that will improve your skills with a practical approach.

 

  • You learn the theoretical aspect of every topic and these will be explained by the many case studies that will help you learn the problems and their solution in real and also help in examinations to score well.

 

CA Inter Advanced Accounting Chapter-wise Weightage – ABC Analysis

 

Category of topic (A,B or C)

Chapters

Marks Weightage

A

Accounting Standards (4,5,7,9,14,17,18,19,20,22,24,26,29)

25 M

A

Partnership

15 M

C

Accounting of employee Stock Options

5 M

A

Buyback of Securities and Equity Shares with Differential Rights

15 M

A

The amalgamation of Companies or Internal Reconstruction

15 M

C

Liquidation of Companies

10 M

A

Financial Statements of Banking Companies

15 M

C

Non-Banking Financial Companies

5 M

B

Consolidated Financial Statements

15 M

 Above weight-age is made according to past 4 attempts trend of ICAI CA Inter exams.

 

 

CA Inter Advanced Accounting Syllabus as per New ICAI Amendments

 

Chapters

Accounting Standards (4,5,7,9,14,17,18,19,20,22,24,26,29)

Partnership  (includes dissolution, amalgamation, conversion, and Sale of firm)

Accounting of employee Stock Options (including ESOS and guidance note)

Buyback of Securities and Equity Shares with Differential Rights

The amalgamation of Companies or Internal Reconstruction

Liquidation of Companies

Financial Statements of Banking Companies

Non-Banking Financial Companies

Consolidated Financial Statements

 

CA Inter Advanced Accounting Notes - Sample notes of advance accounting

Download

Download

 

Other important tips that you must take into consideration for passing the exam

 

  • There are no options like preparing and leaving some chapters. You will have to prepare each and every chapter to excel in the course. Do not think about the exceptions rather prepare well for the exams without making a choice.

 

  • It is important that you study the course material in detail since most of the questions come directly from the course material.

 

  • Practicing the manuals is another important task that you have to do to score well. Do it as many times as you can because the practice will make you perfect and lessen the time of solving the questions.

 

  • Advanced accounting in CA inter exams is a practical subject so you should focus more on practical rather than anything else. Some important questions can come from the practice manual so try doing that as well.

 

Study Plan for CA Inter Advanced Accounting

 

Find a complete study plan of CA Inter Advanced Accounting in this manner to score 60+ in advance accounting

3 months before the Exams (Practical + Conceptual)

A category Topics

Spend 3 hours daily

Solve 8 to 14 questions daily

18 days

B category Topics

Spend 2 hours daily

Solve 3 to 5 questions

5 days

C category Topics

Spend 1.30 hours daily

Solve 7 to 14 questions

5 days

2 Months Before the Exams (Practical + Conceptual)

Accounting Standards

Spend 1.30 hours daily

Solve 8 to 14 questions daily

14 days

Other A category Topics

Spend 1.30 hours daily

Solve 4 to 6 questions

8 days

B category Topics

Spend 1 hour daily

Solve 2 to 4 questions

4 days

C category Topics

Spend 1.30 hours daily

Solve 5 to 8 questions

4 days

1 Month Before the Exams (Solve Questions Only)

A category Topics

Spend 2.30 hours daily

Solve 10 to 14 questions daily

16 days

B category Topics

Spend 2 hours daily

Solve 5 to 8 questions

4 days

C category Topics

Spend 1.30 hours daily

Solve 14 to 15 questions

8 days

 

In 3 and 2 months before the exams - Solve CA Inter Advanced Accounting Test Papers of CAtestseries and Study Material Questions

In 1 Month before exams, solve ICAI Past 2 year papers, 2 years RTPs and MTP

 

Things that you should follow apart from the academics

 

  • Prepare a timetable so that according which you can further with your studies. Make the timetable for 3 months or 4 months so that you can work towards your studies systematically without getting confused.

 

  • Never break the timetable when you made it. If you want to prepare well for the exams so execute your plans exactly you have planned them. You should be regular and diligent in following the timetable.

 

  • The most important point is you should never forget the revision. You will only be able to perform well in the exam when you are fully prepared. For that, you have to make revisions again and again.

 

How to pass CA Inter Advanced Accounting

 

Concept clarity is very important to pass ca inter advance accounting in the first attempt. CA Test Series is offering premium quality test papers to test your concept clarity, comprehensive feedback, and concept clarity revision lectures with all test series plans without any extra charges. We provide customize guidance to improve your marks in ca inter advance accounting paper.

 

What impact this course will bring if you follow the above steps

 

Approaching the end of the course, you will find yourself solving many queries and case studies comfortably with full confidence in yourself. It will prepare you well with the above tips to pass the examinations and score well. You will not only pass the CA inter exams but will be able to solve real-life problems with ease. 

 

CA inter Advance Accounting Summary Notes

CAtestseries designed summary notes of ca inter advance accounting as per the Latest amendments of ICAI. These notes cover short concepts with important practical questions to solve. These notes are available for students who opt for any plan of our test series whether full syllabus (250 per subject), Unscheduled or detailed test series (450 per subject)

These notes are strictly prepared for attempting 2 or 3 months before your exams.

Q : How can I get exemption in advanced accounts in remaining days? ?
A : This is practical paper, you should attempt test papers of catestseries.org, Past 3 RTPs and ICAI Study mat questions to get exemption in advance accounting.
Q : How to study CA Inter Accounting and Advanced Accounting ?
A : Both are practical subjects, one strategy is very helpful in both the exams. In 1.5 month before the exams. Solve practical questions only, no need to study write up and note-down all the adjustments where you feel uncomfortable
Q : Do you want to download Revision Test paper (RTP) of Advanced Accounts May 2020? ?
A : Click Here to Download the RTP of Advanced Accounts
Q : Do you want to download Past Year papers of Advanced Accounts? ?
A : Click Here to Download the Paper of Advanced Accounts
Q : Do you want to download Mock Test papers (MTP) of Advance Accounts? ?
A : Click Here to download the MTPs of advance accounting
Q : Do you want suggested answers of Advance accounting ? ?
A : Click here to download Suggested answers of advance accounting
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