Accounting - Paper 1 | Full day wise Time Table | CA Foundation jan 2025 | Must Watch

Rajat Arora UG and Professional Courses

23 Aug 202411:16

Summary

TLDRThe speaker enthusiastically welcomes everyone back to the channel and discusses the upcoming comprehensive law video. They address the audience's request for a study schedule as the month ends, promising a detailed plan on how to cover various accounting topics efficiently. The speaker emphasizes the importance of discipline, regular practice, and a strategic approach to excel in accounts, law, and economics. They also mention community engagement, daily checks, and the goal to cover Company Law and Negotiable Instruments Act by the end of the month, aiming to maximize exam preparation and increase the chances of clearing the attempt.

Takeaways

😀 The speaker is welcoming everyone back to the channel and mentions that the upcoming law video will be comprehensive and well-structured.
📅 The speaker acknowledges that the month is coming to an end and promises to deliver on the accounts module as mentioned earlier.
🗓️ A detailed study schedule is provided for the audience to follow, emphasizing the importance of discipline and consistency in study.
📚 The speaker guarantees that if the audience studies diligently, they will score the most in the accounts section.
📈 The speaker highlights the importance of focusing on negative marking and its impact on scoring.
🎓 The majority of students struggle with mathematics, but those with a strong foundation in it have an advantage.
📉 The speaker provides a strategy for students who are confused about where to start and how to proceed with their studies.
📅 A daily basis community tab is mentioned where the speaker will interact with the audience to ensure they are on track with their studies.
📝 The speaker emphasizes the importance of completing the syllabus with clarity, detail, and practice, and then revising.
📆 A month-wise plan is provided to cover all topics by September, October, and November, so that December and January can be utilized for better exam preparation.
📈 The speaker motivates the audience to focus on accounts and law, as these are the two subjects that will be emphasized throughout the month.

Q & A

What is the main topic of the video?
-The main topic of the video is about accounting and law studies, specifically focusing on how to prepare for the subjects and complete the modules effectively.
What does the speaker promise to provide in the video?
-The speaker promises to provide a detailed study plan, including the number of days to allocate for each topic, and how to approach the study of accounting topics effectively.
What is the significance of August and September according to the speaker?
-In August, the speaker plans to have the audience complete Module 1, and in September, they aim to finish Module 2, which is part of a structured approach to studying accounting and law.
What is the speaker's stance on the importance of accounts in the exam?
-The speaker emphasizes that accounts is a crucial subject that can yield the highest marks if studied well, and it is often the highest scoring subject among students.
What advice does the speaker give for students who are confused about where to start?
-The speaker advises confused students to follow the provided study schedule, engage with the community tab for daily check-ins, and seek clarification on any difficulties they encounter.
What are the key subjects that the speaker mentions students should focus on?
-The key subjects mentioned are accounts, law, economics, and mathematics, which the speaker suggests students should focus on intensively.
What is the strategy for students who have already started preparing?
-For students who have already started, the speaker advises adjusting their schedules as needed and following the study plan closely to ensure comprehensive coverage of the material.
What resources does the speaker mention are available for students?
-The speaker mentions that daily basis questions will be asked in the community tab, and there are playlists available on the channel for 11th and 12th standard studies.
What is the speaker's approach to teaching accounting concepts?
-The speaker's approach involves breaking down complex accounting concepts into manageable parts, providing a detailed study schedule, and ensuring students understand and apply these concepts through regular interaction and feedback.
What is the speaker's goal for the students by the end of the month?
-The speaker's goal is to have students complete the company law module and the negotiable instruments act by the end of the month, ensuring maximum coverage of accounting topics and increasing their chances of passing the exam.
How does the speaker plan to support students in their final exam preparation?
-The speaker plans to support students by providing a comprehensive study schedule, engaging with them through community interactions, and offering guidance and clarification on difficult topics to ensure they are well-prepared for their exams.

Outlines

00:00

📚 Accountancy Study Plan and Strategy

The speaker addresses the audience, welcoming them back to the channel and mentioning that the video will cover a significant topic. They explain that they have divided the lecture into two parts due to time constraints from their offline classes. The speaker reassures the audience that they will cover the Accounts module as promised and provide a study schedule. They emphasize the importance of discipline and a strategic approach to studying, suggesting that students should follow a daily study plan and complete topics within the given time. The speaker also highlights the most scoring subjects, which are Accounts and Economics, and advises students to pay special attention to certain areas like negative marking to avoid mistakes. They mention that many students struggle with Maths and Law, but those with a strong foundation in these subjects have an advantage. The speaker provides a study schedule for the month, suggesting that students should cover specific topics by certain dates and promises to guide them through the process. They also mention their plans to cover Company Law and Negligible Instruments Act in the coming days.

05:01

📈 Detailed Study Plan for Accountancy Topics

The speaker provides a detailed study plan for accountancy topics, instructing students to review specific topics such as Policies, Capital and Revenue Expenditure, Contingent Liabilities, and Accounting Standards. They mention that they will ask for feedback on difficult topics in the comment section and suggest that students refer to playlists from previous classes for help. The speaker assigns tasks for the next few days, including reviewing journal entries, ledgers, and trial balances, and encourages students to use the provided playlists to refresh their memory. They also discuss the importance of understanding concepts like Rectification of Errors and Depreciation, dividing the study of Depreciation into three days. The speaker assures that they will cover all topics, including Bills of Exchange and Final Accounts, and encourages students to ask questions if they face any difficulties. They express their commitment to helping students clear their exams by providing guidance and study materials.

10:03

💪 Motivation and Support for Exam Preparation

In the final paragraph, the speaker motivates and supports the students in their exam preparation. They acknowledge the challenges of balancing studies with other responsibilities and reassure the students that they are there to support them throughout their journey. The speaker emphasizes the importance of not giving up and staying committed to their studies, even when faced with difficulties. They express confidence in the students' abilities to succeed and encourage them to work hard and maintain discipline in their studies. The speaker also shares their personal commitments, such as teaching offline and online classes, and assures the students that they will continue to provide guidance and support. They end on an optimistic note, wishing the students success in their exams and expressing their happiness in being a part of their academic journey.

Mindmap

Keywords

💡Accounts

Accounts refers to one of the core subjects mentioned in the video, which is a crucial part of the Chartered Accountancy (CA) course. The speaker highlights that Accounts is often the highest-scoring subject for students and is relatively easier for those with a commerce background. He emphasizes how, with proper effort, students can excel in Accounts during the exams.

💡Law

Law, particularly Company Law and the Negotiable Instruments Act, is another major subject discussed in the video. The speaker notes that Law is a challenging subject for many students and requires thorough understanding and preparation. The focus is on completing these topics by the given schedule to ensure readiness for exams.

💡CA Exam

The CA (Chartered Accountancy) Exam is the central goal for the students addressed in the video. The speaker is providing guidance and a structured study plan to help them clear the exam. He emphasizes the importance of covering all modules, revising thoroughly, and practicing questions to successfully pass the exam.

💡Module 1

Module 1 refers to the first part of the syllabus for the CA exam, specifically in the subject of Accounts. The speaker stresses the importance of completing this module by the end of August and provides a day-wise schedule for students to follow, ensuring that they cover all key topics in this module.

💡Study Schedule

The study schedule is a key concept in the video, where the speaker provides a structured day-wise and date-wise plan for students to prepare for the CA exam. The schedule includes detailed timeframes for completing specific topics in Accounts and Law, aiming to finish Module 1 in August and Module 2 in September.

💡Theoretical Framework

Theoretical Framework refers to one of the initial topics in Module 1 of the Accounts subject, which includes concepts like the meaning and scope of accounting, principles, and accounting standards. The speaker assigns specific days (23rd to 25th) for students to focus on this theoretical portion, emphasizing the need for detailed study and note-taking.

💡General Entries and Trial Balance

General Entries and Trial Balance are accounting concepts that form part of the practical aspects of Module 1. The speaker allocates two days (26th and 27th) for students to practice these, as they are foundational topics. He mentions that students should revisit these topics from their 11th and 12th-grade studies.

💡Rectification of Errors

Rectification of Errors is another important accounting concept covered in the video. The speaker plans for students to work on this on the 29th of the month. This topic deals with correcting mistakes made in accounting records, which is a crucial skill for CA students as part of their exam preparation.

💡Depreciation

Depreciation is the gradual reduction in the value of an asset over time, which is a significant topic in the CA syllabus. The speaker spreads the study of depreciation over three days (29th to 31st), explaining that students need to cover various methods like straight-line and diminishing balance during this period.

💡Inventory

Inventory refers to the stock of goods a company holds, and in accounting, different methods are used to value inventory, such as LIFO (Last In, First Out) and FIFO (First In, First Out). The speaker mentions that students need to study this topic on the 31st and provides resources, like previous video lectures, to help them understand these concepts.

Highlights

The speaker introduces a detailed study plan for Accountancy to help students achieve maximum marks.

The speaker emphasizes that Accountancy offers the highest scoring potential compared to other subjects.

The plan includes a day-wise schedule for August, where topics like theoretical framework, journal entries, and cash book are covered.

The speaker highlights the importance of consistent study and revision with a structured approach.

A focus on practical application is suggested through practice and regular revision of topics in Accountancy and Law.

The speaker encourages students to use tools like community tabs and playlists for guidance and to address doubts.

The speaker plans to cover company law and negotiable instruments within the month to ensure timely completion.

The strategy includes breaking down complex topics like depreciation and inventory across multiple days for better understanding.

The speaker stresses the importance of conceptual clarity and detailed study through short notes and regular practice.

A motivational message is provided, encouraging students to stay focused and put in effort to achieve success.

A comprehensive study plan includes not just theoretical content but also practical skills like journal entries and balance sheets.

The speaker promises continuous support through community engagement and feedback to clear doubts and reinforce learning.

The speaker reassures students that despite the challenges, with effort and discipline, they can score exceptionally well in Accountancy.

A strong emphasis is placed on completing syllabus and revising topics for maximum coverage before the exam period.

The speaker plans to help students prepare for both theory and practical aspects of Accountancy to ensure comprehensive preparation.