Advanced Accounting exam preparation focuses on Schedule 3 (financial statements) and Cash Flow Statement as the core chapters, with five key accounting standards (AS1, AS4, AS5, AS24, AS25) to master; effective preparation requires structured daily planning with dedicated time slots for each topic, prioritizing high-yield areas like AS4 and AS25 which have higher testing probability, and practicing case studies to develop analytical skills for the 30-mark section.
Deep Dive
Prerequisite Knowledge
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Deep Dive
DAY 1 | ADVANCED ACCOUNTING | LET'S START | MAY 2026 | CA ANM SIR |Added:
Yes sir very very very happy evening to all my dear lovable students sir we are done with the expected question for advanced accounting we are done with the 5.5 days strategy our last 6 months last four months for certain people sir nearly last 10 9 to 10 months of preparation of the both the groups yes we are entering into the 5.5 days exclusively for the first subject called as advanced accounting. The specialtity of this is no or none other subject have this leverage as compared to accounts.
But by choosing or giving this much time to one paper, we should not lose the track. My dear lovable students, according to me, tomorrow is a very important day. The tomorrow's target is if you are going to study tomorrow advanced accounting you just think advanced accounting means schedule three preparation of the financial statement of the companies schedule three advanced accounting subject means only schedule three and cash flow statement in your brain in your mind sir investment accounts consolidation IR amalgamation this that should not come only two chapters are there one is schedule three and cash flow statement and let it be lot of accounting standards Only five accounting standards are there. AS1, AS4, AS5, AS24 and AS25. My dear lovable students, this is the tomorrow's plan.
Day number one plan. Try to wake up at morning 6:30 and sir refresher by 7:00 to 7:45 computation of GST payable three question you are supposed to solve because this is a 10 mark area in IDT.
Please use my workbook nearly 20 questions I have given and I have uploaded the sir IDT marathon also computation of GST payable if you have not saw that at least see that first for five question and you have to pray by 7:45 15 minutes each keep this time sir 8 to 11:30 is very important slot for tomorrow this is study time my dear lovable students study time in this study time try to study AS1 AS4 AS5 if any of you have not prepared this 3 AS you can use my marathon even the marathon link has been attached here just click listen once again AS145 I'm expecting my dear lovable students AS4 for this examination as4 has not been tested for a long time so AS4 will be tested this time AS1 may be a surprise thing AS5 even though it has been tested in September Sir January it has not been tested. So this 3 AS last examination only AS 24 has been tested. AS25 also sir they have not tested only it has came for MCQ2 mark. So AS4 and AS25 sir AS4 is high priority.
So morning time 8 to 11:30 sufficient time I have given AS1 AS4 AS5 perfectly study do all our compiler question workbook you do everything you complete my dear lovable students my personal slot slot number three from 12:00 to 1:30 we are having case study booklet of ICI don't do a mistake that don't ignore that case study book we are having sir are nearly 60 50 60 to 60 case studies are there. Try five case studies. Let it take time. You will be getting a fantastic grip over the case study. Then the 30 mark can be handled can in a superb way. Then my dear lovable students 2 to 6:30 is a beautiful time after your lunch. This 2 to 6 6:30 2:30 means 3:30 4:30 5:30 nearly 6 nearly 4 hours you are going to be sit with two chapters that is schedule 3 and cash flow statement schedule 3 and cash flow statement you have to sit and solve at least my dear lovable students seven question from schedule 3 questions from cash flow statement and nearly sir four to five questions from direct method that means sir 7 + 7 14 + 5 nearly 19 to 20 question you have to sit and solve within this 4 hours. Sir if you are having extra time you just go through the remaining adjustments like audit sir you have to audit that this time is very important and precious time and take a break from advance sir accounts doing you will be feeling tired take a break or half an hour then my dear lovable students 6:30 to 8 the other two accounting standard in the morning time if you have studied AS1 AS4 AS5 two standards you'll be pending give more priority to AS25 because AS20 25 may be tested in this family because 24 last time tested last time just last time 24 has been tested. So my dear lovable students give more priority to AS25 that AS25 first you prepare in this slot then have a just go through of the AS24 there is less chance to ask AS24 this time then ma'am 8 to 9:00 how we have done the IDT computation of total income three questions from DT computation of total income because this will cover 15 mark this will ease your DT exam because 25 mark you'll be thorough here itself man then again to the seventh slot. 7th slot 9:30 to 11:30 five case scenario from the case study booklet that means one day 10 case scenarios you are supposed to solve and five question from the previous day since this is day number one my dear lovable students you don't have the previous day so here you can utilize for happily you can solve the 5k scenario and you can save your time tomorrow onwards the real planning starts before you start with tomorrow have the slot in your book slot number one check how you are going don't be down my dear lovable students don't be down don't say some reasons don't say that that is happening this is happening because this confidence cannot be sir shared confidence has to be felt you have to feel the confidence I can say be confident we will pass kandipa in the na there is no doubt about it yes there is no doubt but there is limitations to transfer the confidence from one person to another person But if that confidence has been inbuilt means no one can touch you including ICI you just think for example if egg is there if egg has been break from outside it lost its life but if egg has been break from inside new life comes always I used to say in the class the same thing my dear lovable students try to utilize this day number one don't worry about anything I am here to give the schedule your job is just to follow that and you job. Just think that advanced accounting means schedule three and cash flow statement. In this examination, there is going to be a 14 mark area. In this examination, a seven mark area.
Nearly 14 + 7 means nearly 20 21 marks from this slot. And one accounting standard for seven mark. My dear lovable students, you take it 25 mark. Tomorrow we are going to complete in that AS4 high priority. AS 25 the second high priority from the second list. So these are two expected man put together 1 14 five can be tested sir these two standards you take it to the next level I'm wishing you all the very best my dear lovable students for tomorrow's preparation if the students who are seeing this video everyone is texting that in the mat in the comment section I will be available to spend my 5 to 10 minutes daily to say how you have to utilize your day number 2 3 4 and five I'm ready to give you the boost and horics whatever you want but you should be ready to accept it sir make the tomorrow the most fruitful day in the entire 5.5 days so we'll meet at the appropriate time with another video thank you bye-bye from&m I just want to hear that in the maya sir
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