We don’t know how to comprehend financial principles and statements on accountancy. So, don’t worry; with the help of this blog, we will guide you on how to quickly understand all the financial principles and statements of accountancy through a strategic learning approach. And get into your CBSE Accountancy examination. So, for this, all you have just to follow these tips that are mentioned below. Let’s dive deep into the path of excellence!
Know Syllabus and Exam Format To Excel in CBSE Accountancy
The first task is to properly understand your Accountancy syllabus and then distribute topics according to the weightage. Then, you will know which topic you must focus on more or less. In Accountancy syllabus, Part A is compulsory for all the students, but you get choices in Part B and Part C. Here, you can see the distribution of marks for every topic and the choices you get:
Part A: Accounting for Partnership Firms & Companies
| Units | Marks |
| Accounting for partnership firms | 36 |
| Accounting for companies | 24 |
Part B: Financial Statement Analysis
| Analysis of financial statements | 12 |
| Cash flow statement | 8 |
| Part C: Project work or Part B: Computerized accounting | 20 |
| Part C: Practical work | 20 |
Note: You can choose either the topic of financial statement analysis and project work or computerized accounting and practical work. It depends properly on your grasping and understanding ability. So, choose wisely.
CBSE Accountancy Exam Format
Now, move on to the exam format. Your accountancy theory examination comprises 80 marks, and you get the rest from project work or practical examination. Your theory examination consists of 34 questions divided into two parts, i.e., Part A (Ques no from 1-26) and Part B (Ques no from 27-34). Part A is compulsory for all the students, and there is a choice in Part B. Here is your accountancy exam format:
| Questions from 1 to 16 and 27 to 30 | 1 mark for each |
| Questions from 17 to 20, 31 and 32 | 3 marks for each |
| Questions 21, 22, and 33 | 4 marks each |
| Questions from 23 to 26 and 34 | 6 marks each |
Note: You get an internal choice in 7 questions of 1 mark, two questions of 3 marks, 1 question of 4 marks, and two questions of 6 marks.
You must make a proper study schedule after understanding your syllabus and exam format.
Make a distinctive study schedule
Firstly, you must craft a study schedule and prioritize your topics according to their weight and difficulty level. Make a weekly schedule, complete 2-3 topics, and take an assessment on the last day. This will help you identify your weak areas, and then you can strengthen them individually.
Secondly, you must master all the basic concepts of Accountancy, such as accounting equations, financial statements, and the double-entry system, to properly understand more complex ideas and tackle tricky questions effectively.
Lastly, ensure that your distinctive study schedule helps you complete your syllabus on time.
Stick to your textbook– You only have to study with your textbook. If you do not understand any concept, take help from other books. But make sure you first learn and understand each methodology, principle, and procedure of all the topics from your textbook, and then move on to the others. As a reason for that, the questions in your Accounting examination will come from your textbook only, not from the other books.
So, if you want to get help from the other reference books, then here are some:
- Accountancy by D.K. Goel
- Double entry bookkeeping by T.S. Grewal
- CBSE sample question papers by Oswaal
Importance Of Notes, Past Papers & Online Resources
Accountancy requires rigorous practice with numerical and various types of questions. To do this, you must first make notes after completing every topic. Second, Our CBSE Online Tutors solve questions on the subject that has been completed.
Indeed, notes help you practice and review concepts regularly, building a strong base of all the fundamental concepts.
Numerous online platforms and educational apps help you in your preparation journey. So, take help from those websites and apps and study Accountancy through quizzes, games, and video lessons. It will make your learning engaging as well as interactive.
You can also download question banks and participate in Mock tests from various educational websites to enhance your understanding and problem-solving skills. Practice the previous years’ papers as much as possible to understand the exam pattern and various questions. It will help you analyze your mistakes and develop a proper preparation strategy. So you can improve them gradually.
In addition, practice sample papers are needed. It will clear your doubts and help you master all the topics.
Make your answers presentable– You must practice with flowcharts and diagrams to quickly memorize the procedure for various concepts. This will help you make your answers engaging and presentable.
You must also take care of the word limit while writing answers. Don’t exceed it, and make sure you have to write to-the-point answers. Also, solve questions with high weightage first and then move on to the low one. And don’t spend too much time on multiple-choice questions.
Clear doubts and revise properly– Please don’t ignore your doubts; clarify them with the help of your school teachers and peers. And make sure to explain them as soon as possible. This will help you understand every topic clearly and acquire new perspectives.
Additionally, regularly revising your topic will remove doubts and reinforce your memory. Doubt clarification can also help you improve your grey areas and adequately cover all the essential areas.
Maintain a healthy study habit– You must build a healthy study routine to excel in CBSE Accountancy examination. So, start studying early in the morning and sleep early at night. Don’t study late at night, which disturbs your sleep and makes you feel exhausted. So, make a healthy study routine early and make yourself a confident learner.
You can also use Pomodoro and the meditation technique to concentrate on your studies effectively. Distribute your day with other activities to properly engage with your studies and your family.
Maintain a positive mindset– To excel in your accounting examination, you must eat healthy and have a positive mindset. So, build a positive attitude and confidence when attempting questions and acquiring high marks.
Conclusion
With the help of this blog, our CBSE Accountancy Online Tutors provide a strategic learning approach. So, you can quickly excel in CBSE Accountancy examination and attain high marks. All the best!