How to Score High Marks in 12th Standard Accountancy Exam

January 24, 20192 Minutes Read

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Accountancy is basically a numerical based subject, but demands a combination of writing skills, conceptual answering and mathematical skills from a student. In the practical world, accountancy is the art of communicating financial information to shareholders and managers. Hence, you must have good command over ledgers, debiting and crediting balance sheets and even journal entities.

For Commerce students, the Accountancy paper is of prime importance as this is one subject where you can score with the right approach to study. Studying this subject well not only helps you to improve your overall score in the board exams, but also opens up wide career prospects including that of a CA (Chartered Accountant), CMA ( Certified Management Accountant), CPA (Certified Public Accountant), ACCA (Association of Chartered Certified Accountants), BBA (Bachelor of Business Administration) and more.

As mentioned earlier, although this subject is primarily numerical based, you can expect a number of theory-based questions and hence, focus must be directed at writing well also. Here are some important to bear in mind while preparing for the 12th standard Accountancy board exams:

You need to first understand the important topics that demand more focus while studying. These include Share Capital and Debenture, Pro-rata allotment of shares, Partnership Firms, Analysis of Financial Statements and Cash Flow Statements.
Understanding the concepts is the most important thing in Accountancy. Once you get a strong hold on them, then you have a smooth sailing thereafter. Refer to the very effective online course on Accountancy on the Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation) website to get absolute clarity on concepts.
Get a strong hold on basic topics in Accountancy like ledger posting and debit and credit balances.

4.As and when you study keep highlighting the most important points and make notes of these. Write down all the formulae and definitions in a book, like that of assets, debts, liabilities, profit and loss, etc., so that it comes handy to brush through just before you enter the exam hall.
Follow the Pomodoro technique while studying every day. This technique involves studying for 25 minutes and then taking a break for 5 minutes. This is a time-tested theory which has been proven to be very effective in terms of giving you greater focus during the time of study.

5.Practice online mock tests every single day. This point cannot be stressed enough. The more speed and accuracy you attain, the better marks you score. And these can be attained only by practicing online mock tests every day during preparation. Devote 2 hours of your day only for this.
Refer and solve board exam question papers on Accountancy from the last 10 years. By this, you will get a solid understanding of what you can expect.

Rigorous preparation will always lead you to success in any exam. Make sure you keep the enthusiasm going and never stop until you reach the goal you wanted to reach.

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Awe-Inspiring Story of Captain Swati Raval Who Rescued Indians Stranded in Italy During the Ongoing Pandemic

The global pandemic has forced the world to come to a standstill. The number of cases is rising every day. Governments across the globe have issued warnings asking people to stay at home. However, there are some people who've stepped up to answer the call of duty. They are rightly called the Corona Warriors.

Captain Swati Rawal is a pilot for Air India. With exemplary determination, she has become the first Indian civil pilot to conduct a rescue operation. The pandemic brought all international airlines to a halt. Naturally, people stranded in foreign lands were desperate to come back to their homes and loved ones. Captain Swati undertook the mission to bring back 263 Indians from Rome to Delhi.

She has been praised by the Aviation Ministry and the country at large. Captain Swati has been flying for over 15 years. She says she initially wanted to join the Air Force. She hoped to fly Fighter Jets. But the Air Force did not take women at that time. So, Captain Swati became a commercial pilot instead. She feels humbled and proud that she was able to do her bit in ensuring the safe return of her countrymen.

While Captain Swati has been showered with praises from all corners, including the Prime Minister, she believes that it is important to extend the same kind of gratitude towards all of our frontline workers. They are working tirelessly to keep us healthy and safe.

Captain Swati is truly inspiring. If you wish to join the club of extraordinary women in the aviation sector, you must first begin with improving your soft skills. Your first step can be to join an online course for English in the Tourism and Travel industry and gain basic insights. This will help you prepare nicely for a job in the tourism and travel industry. Register on the Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation) website to gain skills through free online travel and tourism courses. They help you learn key soft skills such as English for Tourism and Travel and Social Etiquette to kickstart your dream career. It is essential to build the basic skills of travel, holidays, amenities, accommodation, etc. if you intend to build your career in this industry. It might also help you understand if a career in this field is for you.

Remember as a member of the tourism and hospitality industry your job is not simply taking care of people who travel. You will have to keep calm in case of extremely bad behavior from customers and ensure a happy and satisfactory experience for them.

On the plus side, the industry is a very exciting one. You may even get to travel across the world. It provides you with ample opportunities to meet new people. Of course, the package and compensation are also quite attractive.

Captain Swati has become a beacon for the changing tides in our country. With her heroic efforts, she has inspired a whole new generation of women to enter the aviation industry. Women are breaking the glass ceiling every day. However, some sectors, like defense and aviation, have minuscule representation. The time to change it has finally arrived.

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Free Online Tests to Help You Build a Career in Banking

A banking career provides lots of benefits like provident fund, gratuity, pension, dignity and career growth. It teaches money management and also helps you gain knowledge about trade, investment plans, remittances etc. The banking sector employs people from different educational backgrounds. From finance to marketing to people from an operational background, there is a place for everybody.

If working for a bank excites you, here's all you need to know about bank entrance exams and the importance of taking mock tests.

The Institute of Banking Personnel Selection (IBPS) conducts a series of Common Written Exams (CWE) for vacancies in 20 Public Sector Banks and 82 Regional Rural Banks. These exams are mandatory for clerical posts, management trainees, office assistants and others. The SBI (State Bank of India) and SBI Associates conduct their examinations for clerical and officer rank positions. The RBI (Reserve Bank of India) too conducts its exam for different positions. The eligibility criteria and minimum qualification required depends on the post you wish to apply for.

Private sector banks conduct their own entrance exams. However, some private banks like Karur Vysya Bank (KVB), Tamilnad Mercantile Bank (TMB) and Federal Bank have started considering IBPS CWE scores.

To take the exam, you will have to register for the online banking exam by submitting the application form. Attach your photograph and scanned signature along with it. The application form is available on the IBPS website. SBI and RBI forms are available on their respective websites. It is important for you to keep track of the upcoming exams.

The banking sector exam is very competitive. You must prepare by taking free online mock tests for bank exams. They will help familiarize you with the bank exam format, types of questions and the time limit. A simple Google search will reveal websites where you can take a free online test for bank PO. You will also find Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation) Banking and Insurance Test book very useful. Just click on the Online Test section of the website.

If you are serious about a career in banking, you must take these mock tests seriously. As a banking sector candidate, you will have to answer many mathematical and quantitative questions without making elaborate calculations. So, you will need to master shortcuts and tricks to solve the given problems in time. Taking online tests will help you learn and master these shortcuts and improve your understanding of the mathematical calculations.

Additionally, you will also know your strengths and weaknesses. You may have mastered some advanced techniques, but your basics may need revision. The only way to assess your abilities is through a mock test. Your answer pattern and score will help you identify the areas you need to work on and spend more time practicing.

If you pass the necessary entrance exams, you will have to go through group discussions and personal interview rounds. These two rounds will be the deciding factor in your selection. So, prepare for these rounds as well. In these rounds, you will be questioned on banking sector policies, the economy and general knowledge. To do well in these sections, you must stay updated. Read the newspaper daily. Subscribe and follow financial blogs.

Finally, do not take unnecessary stress as it will negatively affect your performance. It is important to stay calm during the exams.

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