Accounting & Auditing 2011

[sarfaraz shami]

Asslam-o-Allaikum

Hi Everyone.

Anyone appearing in CE 2011 with accounting. Plz post ur queries and suggestions here.
My suggestion as that always use a combination of loac and foreign authors. Foreign authors can prove fatal. AS i experienced in CE 2010

[Jahanzebmemon]

@ Sarfaraz
Which books should be referred then? How was the portion of Tax?

[sarfaraz shami]

Originally Posted by Jahanzebmemon

@ Sarfaraz
Which books should be referred then? How was the portion of Tax?

Dear I dnt know exactly. But Uzd M.A Ghani buk. However i have not purchased it yet. TAX was easy but required full grip of tax laws.

[Tipu Shah]

books...

for accounting : M.A.Ghani
For Cost Accounting : Sohail Afzal
For Auditing : Mohammad Irshad
For B / O : Saeed Nasir
For Tax : you need to update yourself with the present tax procedure to attempt this portion.......
Dont waste your time in studing other books.. these above books are more than sufficient......

But but but but but......... your study should be conceptual.... because question will never like "copy and paste" from any book...it might be tricky...

So you must have full grip on each and every-topic....

[sarfaraz shami]

Originally Posted by Tipu Shah

books...

for accounting : M.A.Ghani
For Cost Accounting : Sohail Afzal
For Auditing : Mohammad Irshad
For B / O : Saeed Nasir
For Tax : you need to update yourself with the present tax procedure to attempt this portion.......
Dont waste your time in studing other books.. these above books are more than sufficient......

But but but but but......... your study should be conceptual.... because question will never like "copy and paste" from any book...it might be tricky...

So you must have full grip on each and every-topic....

@ TIPU SHAH
Thanks dear. I studier larson wild chapeta for accounting. I will use M.A. Ghani now

[mani1]

Originally Posted by sarfaraz shami

Asslam-o-Allaikum


My suggestion as that always use a combination of loac and foreign authors. Foreign authors can prove fatal. AS i experienced in CE 2010

Sir I dont understand how following foreign authors can be fatal? Reason being that accounting is a mathematical sort of subject and you either have a correct or incorrect answer. The approach may be different though e.g. trial balance may be constructed in two different ways but both ways are correct.

[Purab Sarhan]

Originally Posted by mani1

Sir I dont understand how following foreign authors can be fatal? Reason being that accounting is a mathematical sort of subject and you either have a correct or incorrect answer. The approach may be different though e.g. trial balance may be constructed in two different ways but both ways are correct.

Dear, Main difference is of termnology. You may not understand MCQs, one of requirements of the question or even a whole question. Its therefore recomended to go through local books. It is also preferable to use heads of accounts (Account titles) as Pakistani books use. If you see past papers they too have account titles in balance sheet, income statement, statement of cash flows and cash budget similar as in Local books.

Infact if you analyse every single book, be it foriegn or local, does have a different termnology. So its better to use terms from Local books.

Thoug I personal suggest develop your concepts through foriegn books and than practice local.

Ofcourse there are procedural differencs and different presentation styles. I personally believe these make no difference untill we have given checkers all the elements they reqquire ex, Dates in entries and in right format, correct order of accounts in Statements, Making statement, entries, ratios, calculations more readable.

Regards.