CA Final, IPCC Important Questions for Nov 2016 | Chapters | Tips

August 24, 201658 Comments

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Nov 2016 CA examinations are coming near day by day, so students have started searching for CA Final, IPCC Important questions for Nov 2016, IMP Chapters, IMP Tips for IPCC Nov 2016 exam. But friends, first let me clear that Everything is important in CA examination except nothing… lol but its true. But even after telling this I am definitely agree that certain tips or tricks regarding examination about important chapters, time schedule can really help and make you to crack CA examination easily if you properly do follow our tips with smart work. So here I am presenting useful tips regarding IMP chapters. Most important chapters,topics & tips for CA Intermediate/IPCC, Final Nov 2016 exam. Follow tricks, suggestion for last day/night preparation for Nov 2016 exam. Hope it will help you.

ca exam tips

Recommended Read:- How You Can Pass CA CPT, IPCC, Final Exams in 1st Attempt Easily

Must check: >CA IPCC Syllabus for Nov 2016 & IPCC IT, Tax Changes for Nov 2016

CA Final, IPCC Important Questions for Nov 2016

Before starting for any tips for IPCC, I will recommend you to get the IPCC Nov 2016 Study Schedule, this will help you to crack IPCC if you have less time even.

IPCC Important Questions Nov 2016

Some important questions/topics for CA IPCC which you should not be missed in IPCC Nov 2016 exam. These are very important for IPCC Nov 2016.  (Don’t leave these Chapters & topics at any Cost)

*Group 1

Accounts
-Avg. due date(4)
-Partnership(16)
-Pre-incorporation(8)
-Amalgamation/Internal Reconstruction (16)
-Hire Purchase(8)
-NPO(16)
-Cash flow(16)
-Single entry(16)
-Imp. AS(revenue recog.,contract
,dep.,fixed asset)
For more Accounting tips checkLast minute revision topics & Important tips for (Accounts – IPCC)- Group I

*Law,ethics & communication
-Bonus(8)
-Gratuity(8)
-last 3 chapters of Indian Contract Act, combined (10)
-Share Capital, General Meeting
-t/f transmission of shares Membership
-Share allotment, prospectus n MOA yg
-ethics(full,don’t leave anything)
-comm.(deeds r very imp.) n comm.
theory, rest of the chapters
More Tips @ Tips for Law and Important questions for Business Laws, Ethics and Communications

*Cost Accounting & FM
-Contract Costing, Material
-Reconciliation
-Standard, Marginal
-Labour, Overhead, Process Costing
-Capital budgeting, leverage
-Working Capital, Receivable Mgt.
Cost of Capital, Ratios
For more check: Tips to get good marks in IPCC Cost Accounting Paper

*Taxation
-Salary (RFA, HRA, gratuity, pension, leave salary…motor car facility n few more perquisites, all allowances are imp. shoudn’t b ignored) yg
-Business proff.(thz sec r d most imp. viz sec 32, 40A2 ,40A3, 43B & topics like deduction in case of scientific research, writing off of preliminary exp., quest. related with book profits n cash payments in excess of 20,000 n payments that can b made n claimed till ROI filing date ie d above sections mentioned)…don’t leave this chapter FCAs plz, it’s coming for 16 marks since May’10 in every attempt.
-Capital gains(exemption related sections, forfeiture sec 51, conversion of capital in2 stock n sec 47)
-ROI,TDS,deductions(80C, 80D, 80DD, 80U, 80G)
-Clubbing, other sources
Indirect Tax:
*From Service tax, 25 marks is asked from past few attempts, so it should be done properly.
Excise: 15-18 marks &
Custom (valuation) & CENVAT Credit Rules should be done atleast if you have less time
In the VAT they asked only a 4 marks question, so just practice few sums of VAT 7 you are done.
anythn,r SCORING

*IPCC Group 2:

Accounts
-Partnership(16)
-Amalgamation/Internal Reconstruction (16)
-Branch A/c, liquidation, b@ nk ing, insurance …all may come for 8 marks each
-Underwriting,departmental(5 each)
-imp. AS (borrowing cost,govt. grant,eps,lease)
-debenture chapter(16)
For more check: Tips to get Good marks in IPCC Advanced Accounting Paper

* Auditing
-Vouching, verification
-Co. audit 1 n 2
-Spcl. Audit
-EDP,govt. audit, CARO,
200 300 500 series SAs r imp.
For more checkTips to Get Good Marks & Exemption in IPCC Auditing (Paper 6)

*IT
Almost all..
*SM (full)
PM is enough to enough to do  good preparation and get at least 50 marks in the paper 7, so just read the practice manual 2-3 time.

So, don’t miss these important topics for CA IPCC exam. Chances of asking for above topics are high. These IPCC important questions May 2016.

IPCC Important Tips Nov 2016

1. IT & SM:

I am starting with the last paper of IPC/IPCC examination because this is the subject where lots of the students get struck and are failed. So I would suggest you to follow my steps to crack this subject with good marks.

in IT SM subject, from practice manual 45 to 50 marks paper will be definitely asked because questions are repeated each time, so you should concentrate on that if you have less time.

Tips for Information Technology :

  1. As IT has totally new syllabus, prediction for important are not given.
  2. However, you can also see definitions asked in past exams from practice manual and RTPs, and from module too.

Tips for Strategic Management :

SM Tip: Start SM preparation from last chapter to first chapter.

  1. Do Practice Manual first as if once you do it around 60-70% course will be covered. From Practice Manual its quite easy to read topics as they are given question format rather than paragraphs as given in modules. And generally questions get repeated, so prepare those questions thoroughly and you will definitely score in subjects.
  2. Now start reading from Chapter 7. You can read from module as its language is easy.
  3. Do all chapter end questions from module because true & false many times comes out of it. So better to go through that. And there are sometime 4 marks filling the blanks, so for it, just go through the quoatation given before starting the chapter. Just go through past papers, you will find those one liners in the form of filling the blanks.

Don’t Miss:- Download Study Material & Practice Manual for CA IPCC – Nov 2016 (Latest).

2.Taxation Tips:

You  have to read every concept in income tax paper  & one more thing is total income problems are important, and in every problem you have to make note points, it will impress to valuationer.

In taxation paper preparation for day before exam, start VAT & Service Tax. VAT is easiest topic just read it properly and do practical questions also. After reading from book in last just go through the Practice Manual.

>In service tax do properly as there are lots of amendments and please do buy new Practice Manual of Tax from ICAI Branch and do all questions properly from it I am sure there will be many questions straight away from Practice Manual). As you know Service Tax & Vat portion covers 50 marks.

>Then come on Income tax portion, start from Business & Profession head, then Capital Gain, then House Property , Salary & other Sources. Later than this do the small chapters, like deduction from GTI, TDS, Set off & Carry forwards etc.

>Put the currency symbol other wise u can loss marks.

>My sincere advice is don’t start with total income problem in examination because its take more time for completion.

ICAI Recommends:- >ICAI Recommended And Other Suggested Best Books for IPCC Nov 2016

 Must download:- CA IPCC RTP Nov 2016

 

Don’t miss: (Latest )Download CA Final Study Material & Practice Manual
Recommended Article:- CA Inspiration & Motivation- Success Stories of CA Final Cracker’s

Important Chapters & Tips For CA Final Nov 2016 Examination:

Before reading CA Final Tips, I will recommend you to get CA Final Study planner & TipsHere below I have gathered certain important chapters which are asked in every attempts with good weightage. I have also given the name of Authors  whom reference books to be preferred for CA Final examination preparation.  So check them out.

1) Financial Reporting:

For the important chapters for Financial Reporting for CA Final May 2016 examination, consider following in tips:

I divide this subject in 5 parts:

1)   AS.

2)   Miscellaneous chapters.

3)   Consolidated a/c.

4)   Amalgamation.

5)   Valuation.

a. AS in general are asked around 20 to 40 marks so must not ignore that. They are sometimes copied from modules and PM

b. You can refer any good reference book. Which I personally feel every CA should refer, as they are fundamental matters. WE CA s are recognized by AS. (I referred RAWAT SIR’s)

c. Refer past papers and find out patterns. If I point out many AS Like 15 16 20 22 30 31 32 are in category of FAQ (these are just e.g.)

d. Miscellaneous chapters are not at all misc in importance. They are asked of 16 to 24 marks and beauty is they are far easier and less complicated in nature. Must not ignore them. E.g. Nov 11 paper.

e. As for last 3 parts I am sure all of us do so much practice that sometimes we can even solve that entire sum without question in our sleep.

 This will help you:- >Download CA Final Suggested Answers by ICAI

Latest RTP’s:- Download: RTP For CA Final Nov 2016

2) Strategic Financial Management:

I divide it in 3 parts (module chap no)

1) Theory( chap: all chapter module theory especially 1,8,10,11).

2) Chap 3,4,6,7,9,13.

3) Chap 2,5,12.

i. Theory is always good scorer as being in practical paper.

ii. For the above practical chapters I’ll definitely say make concrete base of concepts and you’ll crack the paper.

iii. AS I’ve seen the area which is most twisted in paper comes generally from chapter 2, 5,12,7. Brush up time value of money as it comes everywhere.

 

3) Audit:

I divide this subject

1) Professional Ethics.

2) Co. Audit.

3) SA.

4) Others.

a. For professional ethics I would only say mug up the clauses line by line. As it’s our act the language must be same.

b. Paper presentation plays important part. Must underline all the clauses sections and SAs and have a neat presentation.

c. Many case studies in areas of Co Audit and Professional Ethics are repeatedly asked so do refer all the material of institute.

d. MUST DO SAs…cause as accounting standards SA are also most important part of our study. Don’t forget to compress your material. (i.e. determine what to do at last day so you can gain confidence of reading it all)

 

4) Law

I divide this subject

I) Company ACT.

II) Allied laws.

a. Personal advice: Munish Bhandari.

b. Don’t ignore 30 marks portion of allied laws. It’s of same importance too.

c. Cross out repeated asked cases in Bhandari so you’ll have less burden at last moment.

d. Read the analysis given for each topic. You’ll come to know the weight of topic.

e. Must compress material for last day. Or you’ll be lost in what to do and what not to do.

 

5) Costing QT:

Must do conceptually.

I divide this subject

Costing:

1) Standard costing.

2) Budgeting and other material related topics( ABC,JIT).

3) Decision making chapters.   

a. In costing all sum are of different type. (especially decision making sums)

b. Be ready to read long description with lot of accuracy.

c. Checking the solved part of question and underlining the figures will be of immense help.

d. In Qt there’s trend of asking “ulta” question which are always easy but due to lack of practice we get scare and not even attempt that some time. But if you are to solve that at home you’ll find it too easy. So never freak out when such questions are there in exam.

e. Theory is always of 33 to 40 marks having very less to read as compare to those long questions.

f. Be ready for any kind of questions. Nov 11 final exam question is classic example of conceptual question where transfer pricing and other many questions were of concepts and not of numerical.

 

6) ISCA

For the important chapters for ISCA for CA final examination, consider the following tips:

I divide this subject

1) Chapter 6,7,8,9.

2) Chapter 2,10.

3) Chapter 3.

4) chapter 1,4,5.

a. Must refer module only for reading this subject. Also write same language.

b. Have habit of reading ISCA theory in question answer format like that given in PM. Cause most common problem that I’ve heard is “Yaar sub kuch pada tha but question samaj me nai aya to answer kaise likhe.” So to answer best have a habit of reading in such format.

 

7) DT

Important Chapters for Direct Tax CA Final November 2012 examination:-

1) Wealth tax.

2) Assessment of different assesses.

3) 5 heads of income.

4) NR taxation.

5) Assessment procedure.

6) Other chapters.

a. Must do wealth tax, with assessment theory and in depth. They might not ask full sum instead in past 2 years they asked small questions.

b. The syllabus in 99% case never going to be completed if you are giving ISCA and having only 1 holiday so must plan LMR on hour by hour basis. And even if you can’t complete whole syllabus no need to freak out cause everybody is in same boat.

c. Do refer institute case laws as they are often asked same to same

d. Amendments are “must do” thing.

 

8) IDT

Personal advice: Bangar

a. Must do amendments.

b. Must do institute’s case laws(asked of 16 marks almost every time).

c. In case laws it’s not necessary to remember assessee name but if you want to you can do this, read whole case and wherever assessee comes replace it with the name. in this way you’ll remember it.

d. In practices do not forget to write notes.

e. Do refer practice manual. Cause many things are asked from that.

Get this too: >Download CA Final, IPCC Admit Card

 Recommended Article:- CA Final All India Rankers Photos, Interviews & Details

 

That’s it for the tips or tricks for important chapters for CA IPCC and CA Final Nov 2016 CA examination. Remember… we work with a logo to give you tonic for cracking the CA exams with ease.. Enjoy !!!

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About the Author ()

I am Noor Punasiya, owner & founder of CAcracker, aspiring Chartered Accountant and a passionate blogger. I write about educational updates for CA, CS, CMA at CAcracker. Stay in touch with me through Facebook, Twitter or Google+.

Comments (58)

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  1. plz..tell me some important theory question of costing and fm.

  2. nareshkumar yakkala says:

    gud

  3. Rutuja Vadhavkar says:

    thanks alot

  4. thanks lot iam also doing the same thing what u are telling.Lets see what result after the examination.

  5. SWATI SONI says:

    i dont know anything about audit in 2nd group but then also i want to attempt nov 2012 ipcc exam.please tell me the imp topics so that i can clear the exam in two days…..

  6. lalit jain says:

    Your advice is very use full for me

  7. Kankatala.priyanka says:

    Useful information.i like it.thanks.

  8. pooja says:

    Please tell me how to prepare for ipce exams both groups in 2.5months to clear it in 1st attempt?

    • Admin says:

      read our article on how to crack in first attempt. And I will suggest you to read Practice Manuals two to three time completely. And you will 99% pass in first attempt. This thing works… I have seen this happening with my eyes when my friend just followed this and cracked with good marks. Best of luck.

    • veeresh says:

      go ca crackers website all informatoin is given that web site you will follow that website given all imp topics and how much time utlise per subject all informtion is given so u will better go thar website

  9. ch.v.n.manoj says:

    sir, would u please tell some important topics in auditing and how to present that paper to secure 60+ marks?

    • Admin says:

      Write answers neat & clean way, i.e. write only those things which are asked. Write SA no.s. And also follow answer styles as given in Suggested Answers to get exemption in Auditing.

  10. ABDUL RAOOF KM says:

    sir, tell me important theories in FM&COSTING FOR ipcc exam

  11. Pls tell me importnat topics in all papers in pe2 exam may2013

  12. Rutuja zende says:

    pls tell me important topics and theories to get well prepared for may ipcc 2013………..

  13. lalit tiwari says:

    please send me the important theory part of cost and fm which was usually asked in examination.

    • Admin says:

      You should prepare RTPs for at least past three attempt, according to my experience, from those there will be atleast 10-20 marks theory from it…

  14. jagadish says:

    please tell me what is imp question for it and sm paper in may 2013 exam

  15. rahul patel says:

    We want all subjects practice manuals but i just got FR only so plz provide all subjects practice manuals as soon as possible for CA FINAL NOVEMBER 2013 exams…

  16. saloni says:

    Wich practice manuals shud i buy for nov2013 ipcc exam?? I hav books of 2012

  17. vasa Teju says:

    nice tips

  18. Udit Rana says:

    sir IT/SM ke liye maine Dinesh madan purchase ki h ….is it good or i will go for practice manual ….but sir there is problem language given in modules and practice manual is tough
    plz help me sir

  19. Melinda says:

    Dear Sir,
    I want to know that in SM & IT in IPCC, the pattern is last to first to study, why is this so?Is it easier that way?

    Please reply.
    Thank You!

  20. riddhi modi says:

    sir
    this is my 3rd attempt so in this i coudn’t be motivate for may-2014 exam so plz suggest me. what i do.

  21. sri ramya says:

    SIR .. i want to do my articles in big four .. so please suggest me the best way to do 2 revisions within 2 months ..im frustrated sir ..but i do love this profession as im from science back groud where i saw there is no quality study like ca .. so i prefer this .. i respect this course alot..

    • sri ramya says:

      i dont want to mug up any subject .but when required i do .. i take alot of time for each sum ..i want to first learn n then go for a revision sir .. please can u help me for the best plan to do so ?

  22. harsha vardhan says:

    its a really boon to the ca students simply fantastic

  23. Madhu Kumar B C says:

    sir, i want to November 2014 IPCC Exam syllabus. Especially Income Tax(Indirect Tax) and Information Technology

  24. rajashree andewad says:

    thanks sir

  25. vandana says:

    Hi, there,

    I read full article, its a amazing… !!! fabulous!!

    But As iam a CMA Final student, Requesting you to PLEASE IF YOU CAN BE ABLE TO PUT Such an important information for CMA’S Please… !!

    Thanks.. you guys doing a GOOD JOB !!!

  26. anirudh wuppu says:

    sir,
    please update cma final new syllabus june 2014 examinations important quesitions &topics as soon as possible.

  27. Surya says:

    I..want..to..know..that..after..registration..when..i..will..send..my..certificates..to..icai?..for..atent..cpt..exam..at..june.14

  28. rashmi says:

    sir i wnt imp topics of info tech for nov 2014…..

  29. saranya balu says:

    Excuse me, Can i ask a doubt??
    Ipcc Paper 7, Portions changed completely and still u have posted internet, dbms n all as important topics… how funny….!!!!!

  30. palak says:

    Please update. Isca has now 8 chapters
    N kindly provide important for ca final nov 2014

  31. s.sunitha says:

    sir, total auditing subject will be changed for may 2015 exam or only compay audit 1&2 topics are changed

  32. naresh says:

    stupid prepare plan according to new portion, don’t copy for may 2012 plan for this year,ipcc tax portion has changed , your preparation only service tax & vat , what about , cst, custom duty , excise duty ,

  33. angel says:

    i am appearing for group2 in may 2015 and hav not read anything..what shud i do..?

  34. Kamala raj. C says:

    Sir,Can you Tell me how can plan now to study group 2 for may 2015.

  35. ankur omar says:

    is there any changes in cost or introduction of any any topics . i completed my class before 1 year so kindly tell to me

  36. ankur omar says:

    sir i planing to go self study for ca final law so plz recomended the books , and the mind map to study the law very affectively

  37. pradnya says:

    Suggest important study material for IPCC 1st Group

  38. Gunjan Dua says:

    Sir, am a fresher and don’t know much about how to make a suitable plan for my upcoming IPCC MAY 2016 ATTEMPT.
    I m very thankful if u will help me out by providing suitable study plan

  39. Aditya Goel says:

    Pls must revise these chapters in Costing IPCC for may 2016 exam

    My sir told me to revise these chapters

    Pls don’t leave any one of the following chapters

    Process,marginal,standard,operating and materials

    and questions from rest of chapters may or may come

    PLS must do these chapters

    And in Financial management

    Do factoring theory(Must)
    This time 1 question will definitely be from factoring topic.

    I am also giving ipcc exam in may 2016

    🙂

  40. saranya says:

    Can you please tell me what is chap 9 n 10 in ISCA?? and where is wealth tax in DT???? how long you people keep posting old stuffs and fool people here??????? only the title is changed for each term… inside contents remain the same….

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