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CA Inter Advance Accounting ABC Analysis and Weightage

Accounts form the cornerstone of the Chartered Accountancy course and contain both descriptive and objective types of questions. 

Remember, “A little progress each day adds up to big results” If you get success in this exam, then it will not only enhance your accounting skills but also pave the way for a successful career as a professional accountant.

In this article, we will provide you with chapter wise weightage of the marks that will help you get good marks in the Advanced Accounting subject.

CA Inter Advanced Accounting Chapter wise ABC analysis and weightage

Chapter No

Chapter Name

Categories

Marks

Chapter 11

Financial Statement of Companies

Category A

8-12

Chapter 12

Buyback of Securities

4-6

Chapter 14

Accounting for Reconstruction of companies

8

Chapter 15

Accounting for Branches Including Foreign Branches

8-10

AS 2

Valuation Of Inventory

2-3

AS 20

Earnings Per Share

2-3

AS 22

Accounting For Taxes On Income

2-3

Chapter 10

Accounting Standards For Consolidated Financial Statements (AS 21,23,27)

Category B

12-18

AS 13

Accounting for Investments

2-3

AS 14

ACCOUNTING FOR AMALGAMATIONS

3-4

AS 3

CASH FLOW STATEMENT

3-4

AS 10

Property, Plant and Equipment

2-3

AS 12

Accounting for Government Grants

3-4

AS 15

Employee Benefits

3

AS 19

Leases

1-3

Chapter 1

Introduction to Accounting Standards, 

Category C

2

Chapter 2

Framework for Preparation and Presentation of Financial Statements

2

AS 1

Disclosure of Accounting Policies

2-3

AS 17

Segment Reporting

4-5

AS 18

Related Party Disclosures

AS 24

Discontinuing Operations

2-3

AS 25

Interim Financial Reporting

2-3

AS 29

Provisions, Contingent Liabilities and Contingent Assets

3

AS 16

Borrowing Costs

2-3

AS 26

Intangible Assets

1-3

AS 28

Impairment of Assets

1-3

AS 4

Contingencies and Events Occurring After the Balance Sheet Date

5-6

AS 5

Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies

AS 11

The Effects of Changes in Foreign Exchange Rates

AS 7

Construction Contracts

4

AS 9

Revenue Recognition

 

Why is Advance Accounting a Challenging Subject?

Extensive Syllabus: Advanced Accounting covers a wide range of topics with proper details, which makes it extensive and demanding for students.

Technical complexity: This subject has a lot of accounting standards, which is also a challenge for students to understand and apply to real world situations.

Time Management: Due to the expansive syllabus and the difficulty of the topics, it becomes challenging to manage the time during exam time.

How to prepare for Accounting Standards in CA Inter Advance Accounting?

Preparing Accounting Standards is crucial as they contain high marks. It is important to focus on key terms and core concepts instead of memorizing. 

It is advisable to study accounting standards directly from the ICAI’s accounting pronouncement for deep understanding. Learning from an ICAI source helps you to grasp the information in detail and the principles behind each standard. 

Start with AS-1, as it provides the framework for other standards. Do not start directly from other standards. Understand how each standard is used in real world situations and solve as many questions related to questions to improve your learning.

What is the structure of an accounting standard?

Each accounting standard includes the following things:

Introduction: Brief overview

Objective and scope: purpose of the standard

Definitions: Detailed descriptions of key terms

Principles: Core concepts with explanations that clarify these principles

Presentation and disclosure: guidelines on how information should be presented.

Preparation tips For CA Inter Advanced Accounting

  • For exams, always revise theory in detail. In your notes, highlight key concepts, definitions, and explanations.
  • Make sure to balance your revision between accounting standards and other chapters
  • Give more attention to presentation style, refer past year question papers and study guides.
  • Write down the correct AS numbers, definitions, and principles in exams.
  • Practice application based questions on a regular basis. Give more attention to those questions that might be challenging and important from a presentation perspective.

Six-month self-study plan to get an exemption in Advanced Accounting

Check out the below 6 month Study plan to clear Advanced Accounting Subject

Month 1-2 (Start with basic)

Weeks 1-2 

Start with 1 to 3 chapters that contain the Introduction part along with the 4th chapter of accounting Standards, Give attention to every standard and clear all the doubts.

Weeks 3-4

Jump into 5-9 chapters of accounting standards, which almost cover 25-30 marks. This is a very important part of this subject and demands more attention. Revise concepts on a regular basis.

Month 3-4 (Focus on high weightage questions)

Weeks 1-2

Keep concentrating on Accounting standards. Pay attention to case studies, analyze each standard in detail, and make sure you grasp everything.

Weeks 3-4

Analyze Consolidated Financial Statements. Give time to understand the complexities of consolidation and practice problems.

Month 5

Weeks 1-2

Focus on buying back equity shares and securities with differential rights. These topics require deep understanding as they carry substantial marks. Active problem solving and regular revision are very essential.

Weeks 3-4

The last three chapters are equally important. Also give mock test papers to simulate exam conditions and analyze your progress.

Month 6

Practice as much as you can. Do revisions, give mock test papers, and analyze your weak areas and work on them. Do not skip any topic or question because all questions are important.

Note: Make revision notes along with your preparation so that you can easily revise them during exam time.

 

Key takeaway 

It is undeniable that advanced accounting is challenging, but with the help of dedication, hard work, aforementioned tips and a strategic study plan you will definitely crack it.

Always Remember “Every Challenge is an opportunity to grow” So, it is essential to approach it with a positive mindset. 

Many students face problems not only in Advance accounting but also in Corporate and other law, Taxation, Auditing and ethics, financial management and strategic management. So keep all things in mind we provide students All subjects of the CA Inter exam ABC Analysis and Weightage of marks so that students can easily crack the CA Inter level.

Why choose Bhagya Achievers test series?

Bhagya Achievers test series have an exam booster- A Group Mentorship plan helps students who feel demotivated and have no idea about how to start study they can ask their doubts and find solutions for their problems. 

Features of the plans:

  • Weekly zoom session with mentor for 45 minutes
  • 4 personal one to one mentorship sessions
  • Customized study plans and targets will be provided on daily basis
  • Motivational whatsapp message on daily basis
  • Give Tips and tricks to cover weak areas or left out topics
  • Strategies to recall things and how to tackle new question in exam
  • Revision strategies for all subjects by CA’s. 

Also check:

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