Is Parveen Sharmas Book the Best for Self-Study for CA IPCC Group 1 Accounting?

The Chartered Accountancy (CA) IPCC (now known as CA Intermediate Group 1) exams are a critical milestone for aspiring chartered accountants. One of the most frequently recommended books for self-study is Parveen Sharmas book due to its clarity and comprehensive coverage of the syllabus. However, before diving in, several factors should be considered.

Clarity and Examples

Parveen Sharmas book is acclaimed for its clear explanations and abundance of examples, which can be incredibly beneficial for self-learners. The structured approach taken by the author is designed to make complex financial and accounting concepts accessible to students who may be studying on their own.

Syllabus Coverage

Ensure that the book you choose thoroughly covers the latest syllabus prescribed by the Institute of Chartered Accountants of India (ICAI). A comprehensive book is essential to stay updated with the latest changes and trends in the industry. Parveen Sharmas book, for instance, is known to cover all the necessary topics and may include questions and insights from previous years.

Practice Questions and Past Exam Papers

Practice is critical for exam preparation. Look for a book that includes a variety of practice questions and past exam papers. Parveen Sharmas book often includes these resources, but it's also important to consider additional practice material from the ICAI study material or other reputable sources. Regular practice will help you become familiar with the exam format and improve your problem-solving skills.

Supplementary Materials

While Parveen Sharmas book is a strong choice, some students find it helpful to use additional resources to supplement their learning. Video lectures, online courses, and other reference books can provide alternative explanations and perspectives on complex topics. Video lectures, for example, can offer a different way of understanding certain concepts.

Peer Recommendations and Reviews

Check with peers or online forums for reviews and recommendations based on their recent experiences. Feedback from others who have successfully passed the CA IPCC exams can provide valuable insights and help you make an informed decision. Forums and social media groups dedicated to CA preparation can be particularly useful for getting firsthand advice and tips.

Conclusion

Ultimately, while Parveen Sharmas book is a strong choice and can be sufficient on its own for some students, it's advisable to evaluate it against your personal study habits and preferences. No single book or resource can cater to everyone, and a combination of materials may be necessary to excel in the CA IPCC exams. Keep an open mind and be prepared to adapt your study plan as needed.

For those who have already decided to use Parveen Sharmas book, here are a few more details:

Reference:

Yes, you do not need to refer to any other book if you go for P. C. Tulishan's FR (Financial Reporting) book. All questions from the ICAI study material and PM (Preparation Materials) are covered in his book, making it a win-win situation. I also referred the same book and scored exemption in FR without joining any classes. This could also be a viable alternative for self-study.

Alternatively, you might consider the book P.C. Tulishan’s Financial Reporting (FR) book as well. Tulishan defines every concept in a very decent manner, and he also provides a practice book. If you study from the ICAI study material and his book, you can easily score around 70 marks. Additionally, regular practice through RTP (Revised Topic-wise Practice) is highly recommended.

In conclusion, while Parveen Sharmas book is an excellent resource, it's important to evaluate your study habits, and you may find additional supplementary materials beneficial. Personalizing your study plan will enhance your chances of success.