How to Prepare accounting - Page 5

shah · #41 Saturday, January 19, 2013

Quote:

Originally Posted by Gohershahroy

I am preparing from Modern Accountancy of Mukarjee and M Hanif. Is it enough or shall I consult M A Ghani?

mukherji and hanif's book is way advance than papers it is better to read ghani of b.com level i know both books and there every page that is why giving you this advice in addition to that do consult mukherji for income statement part otherwise ghani is enough or Sohail Afzal M.Arif of b.com part1 and 2 stay blessed

Shahid Shakoor · #42 Saturday, January 19, 2013

for tax and audit portion...which book and questions are important???bcoz time is short i want selective and safe study....

shah · #43 Saturday, January 19, 2013

Quote:

Originally Posted by Shahid Shakoor

for tax and audit portion...which book and questions are important???bcoz time is short i want selective and safe study....

for taxation Mauzam mughal's book of b.com and for numerical consult same book do study illustrations in the end of book and for auditing if you want to add headings more than any other than buy any book of b.com they are short and with headings or if you are lahori than buy any academy's notes of b.com they do contain headings stay blessed

Daisy · #44 Tuesday, March 26, 2013

Quote:

Originally Posted by shah

for taxation Mauzam mughal's book of b.com and for numerical consult same book do study illustrations in the end of book

Salam... I have Mauzam mughal's book of taxation but its for Tax Year 2008 & 2009. Do i need to buy latest edition of this book or can prepare from this one? If yes, then what changes are needed to make in preparation of tax questions according to current tax years. Please reply. Thanks.

shah · #45 Tuesday, March 26, 2013

Quote:

Originally Posted by Daisy

Salam... I have Mauzam mughal's book of taxation but its for Tax Year 2008 & 2009. Do i need to buy latest edition of this book or can prepare from this one? If yes, then what changes are needed to make in preparation of tax questions according to current tax years. Please reply. Thanks.

dear old book is good enough to cover subjective part but numerical part cannot be solved with same book because tax slabs changes as well interest rates etc so it is better for you to buy a newer version..... or you can copy only numerical part from newer version in this way you don't have to buy another book of same writer stay blessed

fawadzafar · #46 Wednesday, March 27, 2013

Quote:

Originally Posted by sarfaraz shami

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

hi

I have done ACCA , and now planing to prepare for the CSS. I am thinking to take accounting and auditing in my optional papers

i have heard from some people that in this paper , you have to solve the question fully , if question is not correct cent per cent i will not score any marks.

i want to ask about the marking scheme? is it according to steps (means if i am able to solve some part of the Q correctly , does it vl giv me the score)

secondly how much lengthy the syllabus will be? and are there any techniques for preparation , so that i can solve 200 marks paper.

i have learnt the accounting according to international standards, does this will benefit me or confuse me when i had to prepare for css.

cud u plz send me email on my id *******@gmail.com
thank you,

Shooting Star · #47 Wednesday, March 27, 2013

@fawadzafar

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Saman Zahra · #48 Saturday, September 14, 2013

Quote:

Originally Posted by sarfaraz shami

You can use M.A Ghani Book

Are the books of M.A Ghani and that of Ghani & Ejaz one and the same? As I had the same issue and I perceived them to be the same and started preparation from M.A ghani?

shah · #49 Saturday, September 14, 2013

Quote:

Originally Posted by Saman Zahra

Are the books of M.A Ghani and that of Ghani & Ejaz one and the same? As I had the same issue and I perceived them to be the same and started preparation from M.A ghani?

buy m.a ghani and ejaz don't perceive them as same because m.a ghani's book is for intermediate level and co-writer's book is for graduation stay blessed

Pearl013 · #50 Saturday, November 02, 2013

Quote:

Originally Posted by sarfaraz shami

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.
[/B]

i have bought synopsis of taxes in pakistan tax year 2014 by IBP publication??? is it the same book or i have got wrong one???

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