@r.i.p

Dear, if you don't have an accounting background I would suggest you not to adopt it. It is very technical subject and its technicalities may lead to lose considerable marks. As you have studies only a little bit of it, it will take significant time to grasp the advanced concepts for you.

Instead, I would advise you to go for some other general subject which can be prepared without any background in it like sociology, journalism and geography.

Moreover, please skim through the past papers of these subjects and you would be able to decide yourself.

Kind Regards

well my question to you all is that , the accounting in css is on the american standards or international(IFRS) , i was going through the syllubus and it give me idea that its american based , because meigs and meigs is .

dear aslam o alaikum , hop u all will b in the best of your health,
it is good to see an ACCA fellow here, im also doing ACCA,
i hav opted accounting and auditing as my optional , but one of my teachers told me that there lies difference bw UK n pakistani standard of accounting , bcoz we follow indian authors .As senior member u will b well acquainted either there are the differences or nt ? secondly hw much time is required to complete preparation for this paper once ACCA PART 2 is completed,

can any1 tell me i did b.com so i studied almost all above books as prefeered some topics of accounts are :fifo lifo. average.j/v.consignment.royalty.debentures. depreciatin.partnership.bank reconcillation.cost of goods sold.work sheet trial balance.factory overhead. i did all these what u think am i eligible for this subject .and the other parts i know in very detail.. but stiilll i want suggestions is it ok for syllabus of part 1 paper of accounts............. plz if posssible reply on my id...

can seniors please guide me thorough. PAPER 1 OF AUD AND ACC JUST CONSISTS OF FINANCIAL ACCOUNTS OR FINANCIAL AND COST ACC BOTH ???

__________________
The road to Success is always Under construction...

Well, in Paper-I, there is a question regarding Cash budget, that is a pure

Management Accountancy and get you 20 to 25 marks, if u are able to solve

it with an intended approach.

For Accounting & Auditing one should have good knowledge of it. Besides,

Management Accounting is also supposed to be a secondary stage of Cost

Accounting.

Those who have Bechalor in Commerce, may also opt this subject because of

it is cosist of Final Accounts, Depreciation, Fundamental concepts of

Financial Accounting, Cost Accounting, Auditing, Business Taxation.

Advantage: In these papers, one have an advantage of selecting questions

from those topics that have been studied in B.com/BBA/ICMAP/ACCA/ICAP,etc

. If you do not have an intended approach at Management Accountancy's

topic that is given in the paper-I, it's upto you to go for another choice.

Is it scoring?

Yes, it is, if you have broad knowledge and practice, you can get more than

150 out of 200. We have so many exmaples like Mr.Fida Hussain Shah.

Befor selecting this subject as optional, you must go through the past paper

to make a favourable decision.

do the seniours think that the books
GANI ADN EJAZ PRINCIPLES OF ACCOUNTING
MEIGS AND MEIGS ACCOUNTING BASIS
SHUKLA FINANCIAL ACCOUNTING

are these books enough for paper 1 of the accounting and auditing
and for
PAPER 2

COST ACCOUNTING

1 Matz & usury's Cost accounting (chapter 1 to 6) and standard costing, budgeting, by-product costing and marginal costing
2 HILTON's managerial accounting (Additional practice and theory for objective type preparation) standard costing, marginal costing, process costing, budgeting, LIFO and FIFO.

AUDITING

Khawaja Amjad Saeed's AUDITING.(only the topics indicated in syllabus)

TAXATION

mohammad moazzam mughal's INCOME TAX (only the sections mentioned in the syllabus)

BUSINESS ORGANIZATION

INTRODUCTION TO BUSINESS by saeed nasir.(only related topics)
DOES IT COVERS EVERYTHING IN THE EXAM

__________________
The road to Success is always Under construction...

Oh yes ! These books are more than enough to get excellent marks.

Shukla is Excellent book, I think shukla is enough to get 80 marks in paper : 1

__________________
كُلُّ نَفْسٍ ذَآئِقَةُ الْمَوْتِ - Every Soul Must Have The Taste Of Death

And what about paper 2

????

__________________
The road to Success is always Under construction...

Yaar, the books that have been mentioned as above are quite enough to get good score in either papers.