HOW TO SCORE 80+ MARKS IN MCQ SUBJECTS (CS EXECUTIVE)

Many students presume that MCQ subjects is all about focusing  on whole syllabus  and not on important topics. But there is a slight difference if you have analyzed the papers properly ,there are lot of MCQ’s FROM IMPORTANT TOPICS which are easier and can be prepared with 100% accuracy in short span of time. Rather than devoting timing on preparing on WHOLE SYLLABUS (and getting it wrong in exam hall) students can easily cover these important topics in a considerable span of time (and score 50-60 marks with full accuracy). If you prepare for MCQ subjects as guided by us, then you can easily score more than 80 marks and if not you wont be able to pass individually in that subject.

Theory:-

 

While starting, you can go to practical topic in Costing and Taxation, But never ignore or try to underweight theory part, these cover 30-40 percentage of exam paper . For ILGL you should thoroughly know sections and relevant case laws.

Theory portion plays a vital role in MCQ Subjects. If nothing will work, then surely theory will work in these papers. Weightage of theory portion usually remains 35-40 marks, in COST AND TAX. So, make your plan accordingly.

We recommend you to read theory portion at least one hours on daily basis then only you can able to memories and able to recall in exam hall.

Effective Method Of Studying-

 

Please understand the concept. The institute will not ask any irrelevant questions. All the questions are based on the concept. This correction you need to be made during the time of study. The clarity in the concept will help you for dealing such type of questions.

Following steps to be followed :-

ABC ANALYSIS

1 . COST

Category	Topics	Weightage
A	RATIO ANALYSIS , MARGINAL COSTING , STANDARD COSTING , MATERIAL COST , LABOUR COST , OVERHEADS ,	50-60 Marks
B	PROCESS COSTING , CONTRACT COSTING , SERVICE/ OPERATING COSTING , BUDGETARY CONTROL , BASIC COST CONCEPTS , METHODS OF COSTING	30-35 marks
C	ACTIVITY BASED COSTING , CASH FLOW & FUND FLOW , COST ACCOUNTING RECORDS & COST AUDIT , INTEGRATED & NON INTEGRATED CCOUNTING , JOINT PRODUCT – BY PRODUCT	20-15 marks

2 . TAX

Category	Topics	Weightage
A	HEADS OF INCOME , SERVICE TAX , VAT & CENTRAL SALES TAX	50-60 Marks
B	SET OFF AND CARRY FORWARD OF LOSSES , DEDUCTIONS , INTRODUCTION TO INCOME TAX & AGRICULTURE INCOME , RESIDENTIAL STATUS .	30-35 marks
C	ALTERNATE MINIMUM TAX , COLLECTION AND RECOVERY OF TAX & ASSESSMENT OF VARIOUS ENTITIES , INTERNATIONAL TAXATION , TAX PLANNING	20-15 marks

3 . ILGL

Category	Topics	Weightage
A	Factories Act, 1948 , Workmen’s Compensation Act, 1923 , Industrial Disputes Act, 1947 , Constitution of India , Code of Civil Procedure , Indian Penal Code and Criminal Procedure Code , Specific Relief Act ,1963 ,	50-60 Marks
B	Minimum Wages Act, 1948 , Payment of Wages Act, 1936 , Payment of Bonus Act, 1965 , Payment of Gratuity Act, 1972 , Interpretation of Statutes , Law of Tort .	30-35 marks
C	Equal Remuneration Act, 1976 , Employees’ State Insurance Act, 1948 , Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 , Contract Labour (Regulation and Abolition) Act, 1970 , Maternity Benefit Act,1961 , The Child Labour (Prohibition and Regulation) Act, 1986 , Industrial Employment (Standing Orders) Act, 1946 , Indian Trade Union Act, 1926 , The Labour Laws (Exemption from Furnishing Returns and Maintaining Register by Certain Establishments) Act, 1988 , Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959 , Apprentices Act, 1961 , Labour Audit covering the above Acts and those Industry Specific Acts , Limitation Act ,1963 , Evidence Act, 1872 , Right to Information .	20-15 marks

 

Step No. 1

1. Need to have an Open mind and Understand the concept

2. First of all cover the topics mentioned in Category A & B thereafter focus on Category C. After covering the Category A & B , you would gain confidence on the subject.

3. If you feel that you have a little space in time then accomplish the topics Category C. Category A & B is equally important.

Step No. 2

Sources of Preparation/Books to be referred

1.Select a right/good book and Read it

2.Read COST and ILGL module for theory. You should read the module at least 3 times before exam to make your theory strong

3.Must read Practice manual for Tax and COST.Solve Past years papers, this will give you variety type of questions with answer to analyze

Materials

Recommended Study Materials

ICSI Practice Manual & MODULES

Mock Test Papers (daily 1)

 

Tax Law and Practise	Cost and Management Accounting.	Industrial, Labour & General Laws.
ü  SANGEET KEDIA’S – TAX LAWS AND PRACTICE   ü  DR. GIRISH AHUJA & DR. RAVI GUPTA BOOK   ü  LAW POINT CS SOLUTIONS – VIKAS MUNDRA     ü  CSCARTINDIA MOCK TEST	ü  COST AND MANAGEMENT ACCOUNTING BY N.S ZAD.   ü  COST AND MANAGEMENT ACCOUNTING |THEORY BOOK BY CSNOTESHOME   ü  CSCARTINDIA MOCK TEST	ü  SANGEET KEDIA’S – INDUSTRIAL, LABOUR & GENERAL LAWS . ü  INDUSTRIAL LABOUR & GENERAL LAWS BY TEJPAL SHETH, JIGISHA THAKKAR . ü  CSCARTINDIA MOCK TEST
WHY CSCARTINDIA MOCK TEST?? DATA base of 5000+ MCQ Negative marking Unlimited access 24 x 7 Countdown timer Results on email Detailed analysis Every attempted test papers can be revisited any no. Of times

Note:

1) To understand the pattern of questions and answers we would advise you to  solve as many mock test as you can.

2) We personally recommend you to attempt Mock test papers at least one in a day. You will find variety of answers and you will never get disappointed in exam hall.

3) The above practice will consume your time. But if you are not doing in the above manner , you cannot able to handle the questions in the exam.

4) Refer only one book as more than one will create lot of confusions

FLAT 50% OFF ON CHAPTER WISE MOCK TEST TILL 31st AUGUST

Step No. 3

 

Make a good handwritten notes of concepts and Share your doubts with experts, seniors and friends.

“Improve your speed by practice and revision so that you are able to attempt all questions in limited time”

“Focus on solving smartly and correctly”

Step 4 – Answer SOLVING practice

 

You should test your preparation by attempting previous exam paper, mock test papers under ultimate exam condition or environment. Later on check the result of your effort and make necessary correction in your study preparations.

Note:

1) As per our understanding of Cost & TAX  requires lots of quick and logical application of mind to answer practical problems. Hence we suggest you to give a reading to ICSI study material & Practice manual to understand the depth and figure out the efforts and time required for preparation.

2) lot of time consumption especially in practical questions is one of the major drawbacks for most of the students.

3) Cost & tax the question paper is purely practical. Therefore, you have to practice solving a good number of questions on each topic. Try to solve each problem on your own (by yourself), in spite of just auditing the solution at back of study material . So, Do practice on regular basis. Don’t refer to solution from your notebook or any where else till you get it by your own

 

Step No. 5

 

Make habit of good reading for ILGL and COSTING THEORY along with preparing notes otherwise you won’t able to cover the syllabus.

Note:

1) While reading the chapters try to highlight the important line or mark appropriate headings and sub- heading. it will help you a lot in the last days of the exams to have a quick view.

2) Don’t use different notes for one topic. Finalize your notes before starting final examination preparation and stick with them.

 

Step No 6 

 

The most part of preparation is Revision. So, Give ample emphasis to a good revision test. There is nothing is this world which can substitute a good revision. Solving 1 mock test a day will definitely accelerate your score

 

This is CS EXECUTIVE and not CS FOUNDATION. Here  “SOLVING SMARTLY” matters much more than “SOLVING ALL QUESTIONS” as negative marking takes your score down.

 

You can’t game the Paper. So, start perparation withe above mentioned approach & study materials .

 

Your professional approach and qualitative effort is the key to pass MCQ SUBJECTS.

 

So that’s just about it! This is exactly what you have to do & more importantly, how you have to do it. we know you must feeling really good after reading all this but in order to get the desired results, its very important to follow the above mentioned steps and implement your study plans. Just reading all this, won’t do you any good.

 

Believe us, if you would study in this way, would be able to secure 80 +  marks in the MCQ subject.

We sincerely believe that the suggestions mentioned above would be of some help in your study preparation.

 

Further, if you will need any kind of help, please feel free to ping us on whatsapp after joining study planner programme.