Ideal Study Techniques Why this seminar? Objectives of the session: • To analyse the process of study, • To discuss variety of issues related to study, • To explain the difference between hard work and smart work. Objectives of the session: • Tips to gain maximum knowledge and marks in practical subjects, • Tips to gain maximum knowledge and marks in Theoretical subjects, • Success Mantra for life. “Study” • Simple Definition of Study is: “The systematic analysis of the facts and predictions about their results based on our knowledge and past experience.” “Study” The “systematic” “Analysis” of the “facts” and “predictions” about their “results” based on our “knowledge and past experience”. The study must be Perfectly Planned In depth Logically Analyzed Moving towards revision The study must Have Continge ncy Plan Room for other Activities A lateral thinking Maturity Difference between Hard work and Smart work Working Hard: • Needed but need to stop working hard after a certain level • H: Hectic, • A: Applying the extra energy, • R: Repetition of work • D: Diminishing Utility Working Smart: • Must be used as an important attachment to Hard work • S: Systemic, • M: Managing the time perfectly • A: Analytical study, • R: Relying on ABC analysis • T: Talent utilization in a perfect way Hints for practical subjects: 1. Understand each and every concept perfectly, 2. Find out the reason behind everything, 3. Find out the exact steps to solve the problem, 4. Always follow the above steps, 5. Write down the working notes in detail in your language, 6. ABC technique, 7. Perfect plan for revision. Perfect steps for Admission of partner in the firm:: 1 Prepare Revaluation account, Capital a/cs, bank a/c and new B/S 2 Record balances 3 Past profits/losses/reserves transferred to old partners in old ratio 4 Cash brought in by new partner 5 Make revaluation of assets and liabilities, 6 Record assets taken by any partner 7 Record revaluation expenses 8 Find new ratio if not given, 9 Find goodwill and give its accounting treatment, 10 Revaluation profit /loss to old partners in old ratio 11 Make capital adjustment in any 12 Close all the account and the balance sheet must be tallied. Hints for Theoretical subjects: 1. Understand each and every concept perfectly, 2. Find out the reason behind everything, 3. Prepare tree diagram of what ever you have learnt and understood., 4. Revise the tree diagrams, 5. Immediately go through the past exam questions and think about, the expected answers of it, 6. Write down the answers on paper, 7. Form the discussion group. Tree Diagram Technique Parties incompetent to contract Minor Unsound Mind Enforceable if it is beneficial to him Lunatic (Partially Allowed when he is of sound mind), Idiot (Permentantly mad) Person Disqualified by law 1. Elian enemy, 2. Insolvent, 3. Foreign Diplomat, 4. In jail General perceptions about professional exams. • The result of professional exams is very low! General perceptions about professional exams. • We need to study for 14-15 hours a day! General perceptions about professional exams. • These courses are very difficult! General perceptions about professional exams. • We must sacrifice our life for these courses! General perceptions about professional exams. • Passing in 1st level assure the degree! General perceptions about professional exams. • 11th Commerce is the Rest Year! A, B, C, D, E OF Success.. A: Attitude: +ve Attitude & Self Confidence A, B, C, D, E OF Success.. B : Basics A, B, C, D, E OF Success.. C: Consistent efforts A, B, C, D, E OF Success.. D: Dedication A, B, C, D, E OF Success.. E: Enjoying the study Interest Creation Banking Company Final Account Sch No Key Word Schedule 1 Call Capital 2 Rajiv Reserves & Surplus 3 Delhi Deposits 4 Bombay Borrowings from other banks 5 Or Other Liabilities 6 Calcutta Cash and balance with other banks 7 But Balance with other banks and money at call and short notice. 8 Indira Investments 9 Ad vocates Advances 10 For Fixed Assets 11 Others Other Current Assets 12 Contingent Liability 13 I Interest earned 14 O Other Incomes 15 I Interest Expended 16 O Other Operating Expenses • Thanks a lot! CA Yogesh Panchakshari Managing Director PPA PVT Ltd 98220 26393, 90110 60690, 2571545 The website you must visit: