CA Inter Advanced Accounting study materials
CA Inter Advanced Accounting study resources

CA Inter Advanced Accounting study plan

CA Inter Advanced Accounting · Give each week a clear focus.

8 weeks · About 8 hours per week

Week 1

Advanced Accounting (syllabus domain not enumerated in source)

  • Map the Advanced Accounting syllabus into a topic checklist covering company final accounts, amalgamation, consolidation, branch accounts, partnership reconstitution, and accounting standards, and rate each topic as strong, weak, or unknown after a 30-question diagnostic

  • Build a one-page formula and treatment sheet for AS 10 Property Plant and Equipment, AS 16 Borrowing Costs, and AS 19 Leases, writing the recognition, measurement, and disclosure rules in your own words

  • Solve 12 computational problems on depreciation, revaluation, and borrowing cost capitalisation, timing each attempt and logging errors by cause rather than by topic

  • Draft a personal error log template with columns for question type, root cause, correction, and revisit date, and populate it with week 1 attempts

Your checkpoint

A completed diagnostic scorecard plus a populated error log covering at least 15 attempted problems, with each wrong answer tagged to a root cause

Week 2

Advanced Accounting (syllabus domain not enumerated in source)

  • Prepare full company final accounts from a trial balance including managerial remuneration, dividend, and transfer to reserves, under both old and new Companies Act provisions, without referring to a solved example

  • Compute and present earnings per share under AS 20 for a case involving bonus issue and rights issue adjustments, showing the restated comparative figures

  • Reconcile book and bank balances through a branch accounts problem using the debtor system and the stock and debtors system, and explain in writing why the two methods give the same profit

  • Attempt 20 multiple choice questions on accounting standards under a 30-minute timer and rework every incorrect option until you can justify why the distractors fail

Your checkpoint

Two hand-written full solutions: one complete set of company final accounts and one EPS computation with restated comparatives, both graded against the standard treatment

Week 3

Advanced Accounting (syllabus domain not enumerated in source)

  • Work through amalgamation in the nature of merger and in the nature of purchase, applying the pooling of interests and purchase methods respectively, and state the conditions that decide which method applies

  • Prepare the balance sheet after amalgamation including goodwill or capital reserve computation, adjustment of inter-company holdings, and elimination of intra-group balances

  • Solve three problems on absorption and external reconstruction, distinguishing the accounting entries for each

  • Summarise in 300 words how AS 14 treatment differs from Ind AS 103, noting where the exam is likely to test the distinction

Your checkpoint

A solved amalgamation case with a complete journal entry trail, resulting balance sheet, and a written note justifying the method chosen

Week 4

Advanced Accounting (syllabus domain not enumerated in source)

  • Consolidate a parent and one subsidiary from separate balance sheets, computing capital reserve or goodwill on acquisition, minority interest, and post-acquisition profits

  • Handle a two-tier holding structure and adjust for unrealised profit on intra-group stock transfers

  • Prepare a consolidated profit and loss account and reconcile group reserves to the parent's standalone figures

  • Complete two full consolidation problems under exam timing of 45 minutes each and compare your workings line by line with the model answer

Your checkpoint

A complete consolidated balance sheet and profit and loss account for a two-tier group, produced under timed conditions with workings shown for every adjustment

Week 5

Advanced Accounting (syllabus domain not enumerated in source)

  • Account for partnership admission, retirement, and death including revaluation, goodwill adjustment through capital accounts, and settlement of the retiring partner's dues

  • Solve a piecemeal distribution problem applying the maximum loss method and the surplus capital method, and show that both arrive at the same final balances

  • Prepare a sale or conversion of partnership to a company, recording realisation, distribution, and the issue of shares and debentures to partners

  • Write out the journal entries for goodwill under AS 26 and AS 14 style treatments and identify where the exam typically tests the difference

Your checkpoint

A solved piecemeal distribution case with both methods shown side by side and a reconciliation of final partner balances

Week 6

Advanced Accounting (syllabus domain not enumerated in source)

  • Prepare branch accounts under the invoice price method, including loading adjustment and stock reserve computation

  • Complete a foreign branch translation problem, converting trial balance items at appropriate rates and reporting the exchange difference

  • Reconstruct a missing figure set: derive purchases, sales, or closing stock from incomplete records using the statement of affairs and total debtors methods

  • Review the error log from weeks 1 to 5 and re-solve every question logged as a conceptual error without looking at the previous solution

Your checkpoint

A branch accounts solution set covering inland and foreign branches, plus a cleared error log where each conceptual error has been re-solved correctly

Week 7

Advanced Accounting (syllabus domain not enumerated in source)

  • Take one full-length mock paper under strict exam conditions, 3 hours, no notes, and record section-wise time allocation

  • Analyse the mock by marking each lost mark as knowledge gap, presentation error, calculation slip, or time pressure, and rank the causes by marks lost

  • Re-solve the three worst sections of the mock from scratch and write a short note on what presentation change would have earned marks

  • Drill 40 rapid-fire questions on accounting standards and disclosure requirements to improve recall speed

Your checkpoint

A marked mock paper with a cause-of-loss analysis table and a ranked list of the three highest-value fixes for week 8

Week 8

Advanced Accounting (syllabus domain not enumerated in source)

  • Fix the top three causes of lost marks identified in week 7 by redoing targeted problem sets and rewriting weak workings in clean exam format

  • Take a second full-length mock and aim to reduce the marks lost to presentation and calculation errors by at least half

  • Condense the entire syllabus into a 10-page revision sheet of treatments, formats, and standard references you can review in under an hour

  • Practise writing final accounts and consolidation workings in the exact format and order required by the exam to build speed on presentation

Your checkpoint

A second marked mock with a before-and-after comparison of marks lost by cause, plus the completed 10-page revision sheet

Milestones

Week 2: You can prepare company final accounts and an EPS statement from a raw trial balance within 45 minutes each, with no reference to solved examples, scoring at least 70 percent of the marks on both

Week 4: You can produce a complete consolidated balance sheet for a two-tier group in under 45 minutes with all workings shown, and you have scored at least 60 percent on a self-marked consolidation problem set

Week 6: Every conceptual error logged in weeks 1 to 5 has been re-solved correctly without reference to the earlier solution, and your error log shows fewer repeated root causes than in week 1

Week 8: Your second mock score exceeds the first by at least 15 percentage points, and marks lost to presentation and calculation errors have dropped by at least half