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Webcast july6ipccp6informationtechnology


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Webcast july6ipccp6informationtechnology

  1. 1. Information Technology CA Intermediate (IPC) Course Paper 7 Downloaded from
  2. 2. Agenda 1 • Need for Information Technology 2 • Course Coverage – An Overview 3 • Strategy to Qualify IT Paper 4 • General Tips Downloaded from
  3. 3. Technology Impact Examples Downloaded from
  4. 4. Income Tax Returns e-filed in India Downloaded from
  5. 5. More e-filings Excise and Service Tax Returns are also being e-filed. Many state governments have mandated e- filing of VAT returns. Government is moving towards e-governance. Downloaded from
  6. 6. Other Areas Every imaginable aspect of LIFE has information technology built into it. Imagine your life without FACEBOOK / GOOGLE / EMAIL. Downloaded from
  7. 7. Student’s questions 1 • Why the subject in CA course? 2 • What to Study? 3 • How to Study? 4 • How to answer question in exam? 5 • How to get good marks in exam? Downloaded from
  8. 8. Purpose of this Webcast 1 • Understand Subject 2 • Answer General Issues 3 • Strategy to Qualify & Excel Downloaded from
  9. 9. Why This Subject? Computers are inherent part of life today. Virtually, in every walk of life, a person is expected to able to use computers. The impact of Information technology in several aspects of accounting profession has been pronounced over the last two decades in India. The accountant who does not understand computer based accounting system is likely to Left high & Dry in the Profession. A working Knowledge of contemporary Information Technology is a basic Bread & Butter Requirement of Chartered Accountants Today. Hence, The Study of this Subject will be Very Helpful in Current Dynamic Business Scenario. Downloaded from
  10. 10. The first question …. Why? Most pertinent question We all must have answered the Q’s when we decided to do CA. Downloaded from
  11. 11. What to Study? A quick run through the syllabus. Downloaded from
  12. 12. How to study? The best way is to look around yourself and see whether the subject you are reading exists in real life situation. If you view the above your natural interest in subject shall go-up, and its shall definitely get you better marks. Downloaded from
  13. 13. Course Contents Downloaded from
  14. 14. Course Contents 1 • Introduction to Computers. 2 • Data Storage, Retrieval and Data Base Management System. 3 • Computer Networks & Network Security. 4 • Internet & Other Technologies. 5 • Introduction to Flowcharting. 6 • Decision Table. Downloaded from
  15. 15. How to study Chapter 1: Software Imagine you use all software's described in chapter daily. As you start your system / computer you start using the software’s listed in the chapter. Downloaded from
  16. 16. How to study Chapter 2: DB Your registration number is a data in large database of CA students. Adding three alphabets tells you are registered from which region. We are all DATA in this universe of humans. Downloaded from
  17. 17. How to study Chapter 3 ATM are best example for this chapter. Banks are creating ATM’s by using VSAT dishes. All that exists around us is NETWORK. Downloaded from
  18. 18. How to study Chapter 4: I feel you cannot be informed anything on this chapter. You are all born in Internet Revolution and you know technology much better. Downloaded from
  19. 19. How to study Chapter 5: This chapter requires a understanding of how system works. But that issue is simple, flowcharts are logical conclusion to solve a problems. They are pure mathematics. Downloaded from
  20. 20. How to study Chapter 6: If you can make a table where all possible ways a student can appear in CA IPCC exams, you are done with the idea of DECISION TABLE. Downloaded from
  21. 21. Chapter 1: Introduction to Computers. Meaning of Software. Classification of Software. Types of Operating System and their Features. Various types of software available in the market for Scientific & Business Purposes. Downloaded from
  22. 22. Chapter 3: Computer Networks & Network Security The Concepts of Computer Networks. Classification of computer Networks & its Topologies. Communication Software & network Hardware. Transmission Protocols – OSI and TCP/IP. Client Server Architecture and Tier System. Data Center & Disaster Recovery Sites. Network Security, Threats & Vulnerabilities. Downloaded from
  23. 23. Chapter 2: Data Storage, Retrieval and Data Base Management System Number System & File Organization. Concept of Database Management System, Types & Components of Databases. Difference Between various Structures of Database Systems. Data Warehousing and Data Mining in Business Application. Downloaded from
  24. 24. Chapter:4 Internet & Other Technologies The concepts of Internet and its components. The use of Internet & Extranet in an Organization. Working & Benefits of E- Commerce. Types of E- Commerce Various Aspects of CRM & SCM. Working Procedure and Advantages of EDI. 6. Types of Electronic Payments. 7. Various Risks & Security Consideration Like Firewall, Encryption, Massage Authentication and Site Blocking. 8. Brief Description of M- Commerce, Bluetooth & Wi- Fi. Downloaded from
  25. 25. Chapter 5: Introduction to Flowcharting Various Steps involved in Programming Process The concept of Algorithm To Analyze a given problem and represent its solution with the help of Flowchart/ Algorithm. Many Practical Problems and their Solutions Depicting Flowcharts. Downloaded from
  26. 26. Chapter 6: Decision Tables The concept of Decision Table. Various Types of Decision Tables. Many Practical Problems & their Corresponding Decision Tables. Downloaded from
  27. 27. What to study? A chart to illustrate the questions asked in exams in previous attempts. Downloaded from
  28. 28. Questions in Exam: Average marks from last five exams Chapter Marks Chapter 1 5.30 Chapter 2 12.70 Chapter 3 13.15 Chapter 4 9.10 Chapter 5 8.90 Chapter 6 0.85 Downloaded from
  29. 29. What to study… Based on above data it is amply clear that few chapters have greater weight- age in exams. The above have been adjusted for additions / deletions in syllabus. Downloaded from
  30. 30. How to Study? A General Discussion Before proceeding we shall define the type of questions asked in exam: Classification of questions: Through a chart Downloaded from
  31. 31. Classification of Questions Nature Description Marks in exam Short Answer Answer in two-five lines. 1-2 Long answer Answer may run up to 8- 10 lines. 4-6 Differences Four – Five differences. 4 Flowchart No description needed. 8-10 Practical Cases Answer may run up to 8- 10 lines. 4 - 6 Downloaded from
  32. 32. Classification of questions Above classification is a broad approximation of pattern of questions asked in exam. Each type of question may need a different approach, but still few rules are common Downloaded from
  33. 33. Common rules for answering Rule 1: To any question, asked start by defining the technical term used in question. The definition may not be the asked question. Illustration follows Downloaded from
  34. 34. Common rules for answering: Rule 1 Q in exam: “Explain in brief technical functionality of Customer Relationship Management”: Answer: Before writing technical functionality, please define the word Customer Relationship Management Downloaded from
  35. 35. Common rules for answering: Rule 1 Benefit from the Rule It is a good way to start an answer and it also triggers the right thoughts for continuing forward. It also settles one critical issue, how to start an answer. Downloaded from
  36. 36. Common Rules: Rule 2: Answer in bullets or point-wise. The rule is better applied to long answer / difference Q’s. Downloaded from
  37. 37. Common Rules : Rule 2 Benefit from above: Each point gets you marks. Your answer appears more structured. Chance of missing a point is reduced. Downloaded from
  38. 38. Common Rules: Rule 3: Always answer your best question first. Many great management guru’s have emphasized “always put your best foot forward” Downloaded from
  39. 39. Common Rules: Rule 3 This rule is toughest to implement, but makes a lot of difference. Above means the following steps need to be followed: Read question paper thoroughly. Prepare your inventory of questions. List them from Best to Worst. Remember Q.1 need not be Answer 1 Downloaded from
  40. 40. Common Rules: Rule 4 Answer in crisp and concise language. Use short sentences. Downloaded from
  41. 41. Success Strategy Failing to Plan is Planning to Fail Downloaded from
  42. 42. Main Focus Areas Data Storage, Retrieval and Data Base Management System. Computer Networks & Network Security. Internet & Other Technologies. Introduction to Flowcharting. Practical Problems of Flowcharting & Decision Tables Downloaded from
  43. 43. Flowcharting & Decision Tables • FlowchartingLogic • Decision TablesLogic – All Eventualities Downloaded from
  44. 44. General Tips Downloaded from
  45. 45. Know Your Syllabus Carefully Review Syllabus Understand linkages between chapters at Macro Level Downloaded from
  46. 46. Plan Your Study Make a study plan covering entire syllabus Decide Time Allocation/ Week Downloaded from
  47. 47. Periodical Review of Preparation Always assess your preparation periodically, say on Fortnightly/ Monthly basis. Revise your plan and allocate more time for the Subjects in which you feel Deficient. Downloaded from
  48. 48. Study Strategy Read Each chapter slowly to ensure that you understand and assimilate the main concept. Recapitulate the main concept of each chapter by way of brief notes. Downloaded from
  49. 49. General Tips One should Definitely go through the Practice Manual this will help in understanding the language to be used and the content required to answer in the examination. Always Try to attempt past year examination question papers under examination conditions. Repeatedly read through the text along with your notes carefully. Try to remember the definitions and important aspects of the related topics. Downloaded from
  50. 50. How to Answer in Exams? Plan your time so that equal time is awarded for each mark. Keep Sometime for revision as well. Always attempt to do all questions. Remember that Six average answers fetch more marks than five best answers. Therefore, it is important that you must finish each question within allocated time. In case question is not clear, you may state your assumptions and then answer the question. While writing the essay type questions, try to make sub-headings so that it catches examiner’s eye. In case of case study, be very precise and write your conclusion in a clear manner. Downloaded from
  51. 51. Thank You… Wishing you all the very best ! Downloaded from