7 tips to score an exemption in CA IPCC Accounts

In this article, we have made efforts to gather tricks to score an exemption in CA IPCC Accounts and Advance Accounts. What preparation strategies are used a day before the exam? How to allocate time as per the size of the topic?

A list of all the tricks used by the students is illustrated below.

#1 Develop a writing habit

Accounts and Advance Accounts are practical subjects not theoretical subjects like Law, ITSM. Practical subjects cannot be learned. Therefore, written practice must be done. Don’t read the sums, rather practice them in writing and they will be instilled in your brain for a longer time.

#2 Concept building

Further, continuing with the first point. Accounts cannot be learned. It can only be understood and concepts can be built. Those built concepts require revision like a building requires maintenance. Every time you revise the chapters, you will get new insights and try to relate them to practical life.

#3 Coaching & Study Material

You must complete your coaching’s about three months before the exam. Don’t depend only on coaching, self-study before the exam is necessary.

Students must revise study materials and Practice Manual, Don’t blindly rely on the author’s books. They can become the reason for your downfall.

Most of the Accounts and Advance Accounts exams will be composed of questions given in Practice Manual and Study Material.

#4 ABC analysis

Learned about ABC analysis in Costing, now perform it practically in Accounts and Advance Accounts. Divide the sums into the ‘A’, ‘B’, ‘C’ category. How it is going to help you? And the day before the exam you will not have sufficient time to practice every question in the book. So, practice those questions which fall in the ‘A’ & ‘B’ category.

#5 Presentation

Always attempt those questions first which you know 100%. It is not necessary to start the exam in order of question paper.

Master trick: After attempting at least 5 questions that you assume are correct. In between inserting a question which you were doubtful about and again start attempting questions that you know 100%. This trick can fetch you more marks to that doubtful questions.

 Accounts and Advance Accounts are subjective exams, your handwriting matters a lot. Make tables and charts wherever necessary.

“DON’T FORGET WORKING NOTES AND WRITING NARRATION IN JOURNAL ENTRIES”

#6 Accounting Standards in CA IPCC Accounts

Normally, Accounting Standards carries from 25 to 30 marks in Accounts exam and 20-25 in Advance accounting exam. Always remember the name of accounting standards and practice all the questions provided in Practice Manual and Study Material.

#7 Speed test

Most of the students are unable to complete the Accounts exam within three hours. So, practice mock tests before the exams to test your speed. While practicing the Mock test, you will get an idea of what mistakes you can commit in the exam and you will have time to rectify them.

Did you find great strategies listed in the above article? You can refer to our other related articles.

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