Accounting is a core subject for the CA profession, and as such, it is covered in two subjects at the CA Intermediate level, i.e., accounting and advanced accounting. The CA intermediate accounting (known as IPCC) syllabus mostly consists of application of Accounting standards in problem solving, Company accounts and few special transactions and special type of accounting. To provide sound knowledge of Accounting standards and guide in the application of same in a practical environment. To enhance accounting knowledge in specific transactions of special types. To provide sound knowledge of Accounting standards and guide in the application of same in a practical environment. To enhance accounting knowledge in specific transactions of special types.
Accounts from incomplete records, self-balancing ledgers
The best approach to study CA Intermediate Accounting is,
Practice well to score well.Solve good number of problems from study material given by ICAI
Conceptual understanding gives you an added ability to solve any kind of problems
It is OK if your balance sheet does not tally, but show all your steps
Working notes should be shown by giving correct references
Mere reading of the problems is not sufficient;write and practice. If you need more practice use the books recommended by ICAI
While practicing, do not peek at the answer until you have finished. Only then you will be able to identify where you are going wrong; later you can be vigilant to not commit the same mistake
Credit system allows you to plan your learning smartly and with flexibility. Watch the video to find out more about how the credit system works, and how you can leverage this for your success