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Paper 1 (81/100)
Books
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
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.
4. Only 4-5 hours to this book & you will get 20 additional marks. Study IAS-1 & IAS
relating to depreciation & fixed assets ( I dont 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)
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
Part-4-Business