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How to prepare for CA Inter Advance Accounting

ca inter advance accounting

Do you find it difficult to comprehend the ideas and procedures linked to fundamental accounting, such as partnership accounts, buyback accounting, banking accounts, consolidation accounting, etc. while you prepare for the advanced accounting course? The easiest subject in the CA Inter examinations is advanced accounting, which you may pass with ease and also do well in by simply adhering to the few tips we are providing right now. By passing this exam, you can advance your accounting skills and eventually work as a professional accountant CA Inter Video Lectures.

Concepts included in CA Inter Course

  • The course essentially requires more self-learning than actual study, which you must first be aware of. To ensure that you learn everything possible, you will be given many examples from real-life situations. The course consists of lectures on subjects chosen for their practicality and is available with numerous samples of CA Inter mock test papers. Additionally, the course includes chalkboard sessions, video lectures, a notepad, etc. CA Inter Online Classes. This is written in straightforward terms to make it easy for you to understand | All about CA Intermediate.

 Tips & Benefits to prepare & Score well in Exam

  • Since there are many case studies to tackle in this course, you may learn practically. You will gain experience by solving the difficult problems in the case studies, which will aid in your learning. The only better method to study is in this way.
  • As an accountant or accounting executive, the course will assist you in honing your accounting skills. This has a lot of useful information and techniques that can help you develop your talents in a real-world setting.
  • You learn the theoretical aspects of every subject, and they are clarified by the numerous case studies that assist you master the issues and solutions in practice as well as aid in exam success.
  • Create the list by grouping the significant and lengthy chapters into one list and the brief and manageable chapters into another. Making the sections and then ranking them according to relevance and length will make preparation simple.
  • The first topic you should choose for advanced accounting is one that has questions that range from 25 to 30 marks. First, get them ready because they could account for 30% of your exam’s final grade.
  • You can now start answering the questions for 35–40 marks. Compared to partnership accounts, the topics related to company accounts are simpler. You can choose them based on the topics you prefer. You can choose from options like debt issues and redemption, company liquidations, mergers and internal reconstruction.
  • After finishing the tasks listed above, you can move on to the topics with a maximum of 15-20 marks. Examine the issues and prepare them by resolving them rather than merely editing. Study the papers from prior years and provide CA Inter sample test papers.
  • When you have finished reading the aforementioned chapters, you should go on to creating 16-mark questions. Since they increase marks only by answering questions that are simpler, preparation is crucial.
  • Branch and departmental accounts should be prepared last because they have 8-mark questions that are simple to prepare.

    Some Important Chapters for CA Inter to Pass the Exam

  • Complete partnership is moved from accounting group 1 to group 2 advance accounting.
  • There are only about 4 different types of questions about the financial statements of banks, which are simple to gain points on.
  • Consolidation – Some modifications are common, and this chapter calls for lots of practice.
  • Buy Back of Securities: This chapter’s simple, 10 to 15-mark question will be asked.
  • Combining of companies – Normal modifications, typically, students are well-versed in the same
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)

30 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

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

10 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 Advance Account Chapter Wise Weightage

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

Amalgamation of Companies or Internal Reconstruction

Liquidation of Companies

Financial Statements of Banking Companies

Non-Banking Financial Companies

Consolidated Financial Statements

 Important Study Timetable for CA Inter Advance Accounting | CA Inter Advance Accounting Syllabus

Find complete study plan of CA Inter Advance 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 hours daily Solve 2 to 4 questions

4 days

C category Topics

Spend 1.30 hours daily Solve 5 to 8 questions 4 days

1 Months 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 Advance Accounting Test Papers of Lecture Kharido and Study Material Questions. CA Inter Exam Time Table.

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

 Things to follow apart from Academics 

  • Make a schedule so you can continue your study in accordance with it. Create a schedule for 3 or 4 months so you may approach your study methodically without becoming lost.
  • Never go beyond your scheduled departure time. Execute your plans precisely as you have prepared them if you wish to adequately prepare for the tests. You must follow the schedule consistently and meticulously.
  • The revision should always be in your mind is the most crucial issue. Only when you are completely prepared will you be able to perform well on the exam. You must continually revise for that.

Start Practicing this Plans Today

  • To pass CA Inter Advance Accounting on the first try, concept clarity is crucial. With all test series plans, CA Test Series provides premium quality test papers to gauge your conceptual understanding, thorough feedback, and concept clarity revision lectures without charging an additional price. We offer individualized advice to help you do better on the CA Inter Advance Accounting Paper.
  • As the course draws to a close, you will realize that you are solving many questions and case studies with ease and complete self-confidence. The aforementioned advice will adequately prepare you to pass the exams and achieve good results. You’ll be able to solve difficulties in real life with ease in addition to passing the CA inter examinations.
  • According to the most recent ICAI modifications, Lecture Kharido created summary notes for CA Inter Advance Accounting. Short topics are covered in these notes along with significant real-world problems. Students who choose one of our test series options, such as the entire syllabus (250 per subject), the unscheduled, or the thorough test series, have access to these notes (450 per subject)

Frequently Asked Questions

Q : How to study CA Inter Accounting and Advanced Accounting

A: Both are practical subjects, one strategy is very helpful in both the exams. 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 : How can I get exemption in advanced accounts in the remaining days?

A: This is a practical paper, you should attempt test papers of Lecture Kharido, Past 3 RTPs and ICAI Study mat questions to get exemption in advance accounting.

Q : What are useful tips to score in the CA Inter Exam?

A: Prepare your own notes. This may seem obvious but the next most important tip is note-making. Take Timed Mock Tests.Have a Consistent Time Table.

Q : Is CA Inter Advance Accounts easy?

A: 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.

Q : How Many chapters are involved in CA Inter Advanced Accounts? 

A: There are 14 Chapters in the ICAI CA Inter Accounting book

Q : How Lecture Kharido helps you to prepare for CA Inter Advance Accounts?

A: Start your Professional Journey with India’s Best Online video lectures & India’s leading faculties & score high in your Exam.