Board exams: How to convert knowledge into marks in accountancy

With the right planning, you can easily score around 95% marks in accounts.

Accountancy is considered to be a key subject for commerce students. With the right planning, you can easily score around 95% marks in accounts. Keeping in mind the time available to the mathematics students, there is greater need for planning. Non mathematics students should utilise the extra days available by solving as many sample papers.

Use reading time (extra 15 minutes provided at the start of the exam) to eliminate the choices given in the eight mark questions. (Istock)

I am sure that by now all of you have a pretty good working knowledge of the subject. Remember, however, that this may not be sufficient to cross the 95% barrier. Converting this working knowledge into an expert one will be the key that will help you in achieving the target of around 95%.

Reboot your brain: It is necessary to refresh your brain as you will be tired after the mathematics exam. Take an hour’s sleep, play some outdoor game, exercise or spend some time with your family to reboot your system.

Time management: The three hours during the exam have to be managed with diligence for a good score. Use reading time (extra 15 minutes provided at the start of the exam) to eliminate the choices given in the eight mark questions. Complete section B in 40 minutes. Don’t spend more than 20 minutes on eight mark questions.

Do not change patterns: Follow the pattern of solving the paper that you are most comfortable with. You start your paper back-to-front then stick to it. Try to do questions in sequence.

How to prepare: Revise the concepts thoroughly a day before the paper. Get your paper checked and work on the mistakes. Follow the same routine a day after the exam.

In accountancy, the five most important chapters are: fundamentals, admission of partner, share capital, ratio analysis and cash flow statements. Devote next three weeks (two chapters every week) on these chapters and master each concept. Soon after finishing the chapter, start testing yourself by doing chapter tests and assignments.

(The author is dept-in-charge (accountancy), Studymate)