So as i had promised to you all, i’m back with the first week of my study plan. Its well, the middle of the week and i have complete the following for 1st time –
Accountancy – Hire Purchase, single entry, average due date. I know Hire Purchase has already been asked in ca Pcc – november 2010. But then i though. . “wth let’s get on with it. . .”. Besides its not going to hurt since till there is considerable time available. However i should mention that problem regarding conversion of lease to hire purchase has been asked only once in recent times by ICAI. . So in my opinion, you should also give some attention to it, since it may be revised once more. Nothing new about average due date to share. Simple sums with quick solutions. However care should be taken about the rules of calculating ‘number of days’ in special circumstances. Single entry is easy but lengthy. I have to work more on the time management issue regarding this chapter.
Law Ethics and Communication – this is one of the biggest papers in Pcc / Ipcc level. Still struggling to complete the Indian Contract Act, 1872. I hope to complete it within this week.
Auditing and Assurance – learnt the chapter ‘Basic Concepts in Auditing’. This chapter contains a lot of Standards on Auditing. I guess i have to get back to it in no time.
Costing & Financial Management – this is the bulkiest paper. Honestly i am sacred to start it. But tonight i have decide to start with ‘Material’. Wish me luck.
Income Tax, Service tax and VAT – Not started yet since yet i have not purchased the new edition of Tax reference book. I hope to start it in next week.
Information Technology & Strategic Management – well i have never found information technology to be a tough deal. Though not yet started i plan to complete ‘Internet’ this week. And regarding Strategic Mgmt., i have learnt the first chapter ‘Business Environment’. The chapter itself has nothing typical. Porter’s Five Forces Model seems to be the celebrity question. *****
Those subjects which i’ve not yet learnt, i’ll write a post bout them on this weekend.
Do you think, i’m leaving/forgetting something? Have your say in the comment form!