I got 154 in CE-2011 and receiving different e-mails from forum members regarding guidance. It is not possible to guide individually so I am posting here comprehensive reply.

Paper 1 (81/100)

Books

1. M.A Ghani Principal of Accounting & Key
2. M.A Ghani Advanced Accounting & Key
3.A foreign book like Larsin Wild Chapeeta or Meigs & Meigs
4.Accounting Standards by PAC(Available at Waheed Book Depot)

1. From book 1 I assured that no text is missed, I religiously studied the entire text, studied each definition, however I did not solved all questions. Following Chapters I studied

1. From Start to Final Accounts of Company
2. Partnership accounts
3. Depreciation & Amortization

Please also focus on accounting principals/conventions

2. From Book 2 chapter relating to Ratio Analysis only.

3. From this book I gained concepts similar to that of Book 1; however this book is easy to understand. So studying both book 1 & book 3 is essential. From Book 3 you will get easy concepts. I did not prepared final accounts from this book, only concepts leading to final accounts. In addition I prepared from this book chapter relating to analysis of financial statements. It will be very easy, an hour or so. It includes ratio analysis, horizontal analysis, vertical analysis, comparative balance sheets etc. Now I thing is very important, go to the end of book & underline important definitions in glossary. Remember text & concepts are more important than practical problems. Now one thing more chapters relating to fixed assets, which includes sale, purchase & exchange of fixes assets is important.

Please also focus on accounting principals/conventions


4. Only 4-5 hours to this book & you will get 20 additional marks. Study IAS-1 & IAS relating to depreciation & fixed assets ( I don’t remember the exact IAS number) but I think it is IAS 16(Solve examples from this chapter). In the start of this book & in IAS 1 you will get knowledge of accounting principals & conventions also.


Paper 2 (73/100)

Part 1-Cost Accounting

Books: Sohail Afzal’s Cost Accounting & Key.

I prepared chapters relating to Job order costing, process costing & definitions from the initial chapters only. To be on safe side also prepare variance analysis.

Part-2 Auditing

Auditing for Bcom Suhail Afzal

Part-3 Income Tax

Synopsis of Taxation by Munawar Hussain Mirza.PAC Lahore (Please don’t go for other books)

Prepare definitions & income from salary.

Part-4-Business

Introduction to Business for bcom by M Asghar Rasheed Janjua