CA IPCC Accounts Best Books Syllabus Notes

CA IPCC Accounts Syllabus and Best Books, including Tips for Preparing CA IPCC Accounts and scoring 60+ marks was contributed by CA Shalini Jain. We will cover Tips to score good marks in CA IPCC Accounts, What Books to prepare to score exemption in IPCC Accounts paper, mistakes to avoid and also Study Plan. This Article concentrates only on Group-1 Accounts. We will cover Tips for Advanced Accounting paper in a different post. In our previous posts, we also given exam tips for ipcc students and important topics.

Accounts Order of Preparation

Start preparation for your Accounts exam by allocating your time equally between Accounting Standards and Regular Chapters.

Study Accounting Standards in the following order:

  1. AS-1
  2. AS-7
  3. AS-10
  4. AS-9
  5. AS-13

For Regular Chapters, start your accounts preparation with Accounting from Incomplete Records. Then move on to Self Balancing Ledgers. After that go to Average Due Date and Account Current.

Then study chapters in the following order:

  1. Accounting for NPO
  2. Hire Purchase
  3. Partnership Accounts
  4. Insurance Claims
  5. Investment Accounting
  6. Amalgamation

Reference Books for Accounts

The books that comes in the first place is ICAI Practice Manual. What i have observed in the recent times is that, around 80-85% are directly being asked from Practice Manual only. So it is safe to say that there is no other better book than ICAI Practice Manual for the preparation of Accounts.

 

For Accounting Standards, i would recommend DS Rawat book, in addition to the Practice Manual. I personally prepared from these books and scored 82 Marks in Accounting Paper.

Accounts Important Topics

 

There is no such thing as important topics in Accounts because, there are high chances that ICAI might ask questions from any chapter in the syllabus.

However, i would recommend students to concentrate more on chapters like Average Due Date, Insurance Claims, Accounting for NGO and Amalgamation.

For Accounting Standards, there is no such thing as important accounting standard and you need to prepare all the standards without taking any risk.

Daily Time Allocation for Accounts Preparation

 

As Accounts is a practical subject, study Accounts in the morning times, before 11.00 AM only. Supposed you have 45 days time, allocate at least 2 hours per day for accounts preparation.

You can also bifurcate your time into two parts. Prepare Accounting Standards in the morning session and preparing regular accounts chapters in some other time.

Also don’t forget to allocate sufficient time daily to revise all the topics you prepared in the accounts in that particular day.