How to Make NOTES for PRACTICAL SUBJECT like Accounts, Costing, Financial management, Tax| CA CS CMA

Summary

In this video, CACS Yogita Harjani discusses effective strategies for creating notes for practical subjects such as Accounts, Tax, Costing, and Financial Management. She emphasizes the importance of preparing notes during the second and third readings to capture key concepts, formulas, proformas, and tricky questions. Yogita suggests separating theoretical and practical notes for better organization and quick reference. Additionally, she advises keeping track of mistakes, tricky points, and new information discovered during revision. Her practical tips aim to help students revise efficiently and master complex subjects ahead of exams.

Takeaways

• 😀 Create separate notes for practical subjects like Accounts, Tax, Costing, and Financial Management to enhance revision efficiency.
• 😀 Start creating notes during the second reading, focusing on important questions and key concepts rather than solving all questions.
• 😀 Use your notes as a shortcut for revision, helping you avoid rereading entire chapters before exams.
• 😀 Maintain distinct notebooks for theory and practical parts of the subject for better organization and clarity.
• 😀 Include essential theory concepts relevant to solving practical problems in your notes, but keep the focus on practical questions.
• 😀 Write down important formulas with their interpretation and the context in which they are used.
• 😀 Document proformas and formats in your notes, such as cost sheets and financial statements, to make revising easier.
• 😀 Record tricky or comprehensive questions, along with page numbers, to revisit and practice them later.
• 😀 Note down specific tricky points from questions that you find difficult or complex, so you can easily remember them during exams.
• 😀 Identify and document mistakes you make while solving questions, to avoid repeating them in the future.
• 😀 Customize your notes according to your style, adding extra clarifications, examples, or formats as needed to improve understanding.

Q & A

What is the main focus of the video?

The main focus of the video is about creating effective notes for practical subjects such as Accounts, Tax, Costing, and Financial Management. The video provides tips on how to make these notes useful for revision, especially for exams.

When should you start creating notes for practical subjects?

You should start creating notes during your second reading. In the first reading, you solve every question in a rough notebook, while in the second reading, you focus on important questions and past exam papers. This is the best time to write down key points and formulas.

Why is it beneficial to create notes for practical subjects?

Creating notes for practical subjects helps in revising important concepts quickly. By noting down key points, formulas, and other relevant information, you can avoid reading the entire chapter again. This makes it easier and faster to revise before exams.

Should you create separate notes for theoretical and practical parts of a subject?

Yes, it is recommended to create separate notes for theoretical and practical parts. The theoretical part can be referred from online resources or coaching notes, while practical questions should have their own dedicated notes for better organization and focus.

What should be included in the notes for practical subjects?

Your notes should include a basic introduction to the chapter, key theoretical concepts relevant to practical problems, formulas with interpretations, proformas, tricky questions, specific points from difficult questions, and common mistakes you've made during practice.

How should formulas be organized in the notes?

Formulas should be listed with the formula heading, the actual formula, and an explanation of where and how it is applied. For each formula, a small example or illustration should also be included to help you understand how to use it in practice.

What is the importance of proformas and formats in notes?

Proformas and formats are essential in practical subjects like Costing and Accounting. Including these in your notes helps you quickly recall the required formats for specific questions. They provide a structured approach to solving problems and are crucial for revision.

How should tricky or complex questions be handled in the notes?

Tricky questions should be noted with the question number and page number for easy reference. The specific tricky points in those questions should also be highlighted, so when you revisit the question, you can focus on the challenging part and learn from it.

What should you do if you make a mistake while solving a question?

If you make a mistake, note it down in your notebook along with the question reference. By documenting these errors, you can avoid repeating them in the future and ensure that you don't miss important details in the exam.

What is the benefit of leaving an extra page in the notes?

Leaving an extra page in your notes allows you to add new information, such as points from past exam papers, new proformas, or tricky questions, as you continue your revision. It helps to keep the notes updated with additional insights.