CA Inter Advanced Accounting Cracker Parveen Sharma ,Kapileshwar Bhalla Sep 25 / Jan 26 Exams

Advanced Accounting | CRACKER by CA. Parveen Sharma & CA. Kapileshwar Bhalla is a comprehensive CA Intermediate – Group I | Paper 1 guide. It offers concept-based chapters, meticulously sorted past exam questions up to May 2025, and structured Ind AS references for greater clarity. Each chapter begins with a concise synopsis and sub-topics, followed by practice-oriented questions and detailed solutions. Coverage spans accounting standards and key corporate accounting topics, all aligned seamlessly with ICAI study material. With solved papers, trend analyses, and a user-friendly layout, this book ensures targeted revision and practical exam readiness.

Advanced Accounting | CRACKER is a comprehensive guide designed to support CA Intermediate – Group I | Paper 1 aspirants. It equips students with a thorough understanding of Advanced Accounting concepts and delivers an in-depth practice resource for examinations. With meticulously sorted past exam questions, concept-based chapter organisation, and structured references to Ind AS, it aims to simplify complex accounting standards and problem-solving techniques.

The Present Publication is the 12^th Edition, authored by CA. Parveen Sharma & CA. Kapileshwar Bhalla, with the following noteworthy features:

• [Coverage of Past Exam Questions] Incorporates questions up to and including the May 2025 exam
• [Chapter-wise Marks Distribution & Trend Analysis] Presents a consolidated view of how chapters have been tested over recent exam sessions, helping students prioritise topics effectively
• [Select Questions from ICAI’s RTPs & MTPs] Supplements past exam questions with practice material from the ICAI’s Revision Test Papers (RTPs) and Mock Test Papers (MTPs)
• [Sub-topic Organisation in Each Chapter] Each chapter’s questions are arranged based on the respective Ind AS paragraphs, ensuring conceptual clarity and straightforward navigation
• [Suggested Answers & Solved Papers] Contains fully worked-out solutions for recent exams (May 2024, September 2024, January 2025, and May 2025), enabling self-assessment and concept reinforcement
• [User-friendly Layout] Each chapter begins with a synopsis of key points, relevant Ind AS references, and a listing of sub-topics or problem types
• [Focused on Practical Application] Most questions are practice-oriented, with ample examples and step-by-step solutions for clarity
• [Ideal Revision Tool] The systematic arrangement of previous exam questions and categorisation by sub-topics allows quick and focused revision

The coverage of the book is as follows:

• Accounting Standards
• Introduction, Applicability, Presentation & Disclosures, Assets-Based, Liabilities-Based, etc.
• Key Chapters
• Financial Statements of Companies, Consolidated Financial Statements, Amalgamation, Buy-back & Equity Shares with Differential Rights, Internal Reconstruction, and Branch Accounting
• Integration with ICAI Study Material
• A dedicated ‘Chapter-wise Comparison’ section demonstrates how each chapter and sub-unit aligns with ICAI’s official study material, ensuring readers stay on the correct syllabus track
• Marks Weightage Insights
• Detailed tables showing how chapters and topics have historically been tested in exams, helping students plan their study schedules strategically

The structure of the book is as follows:

• Chapter-wise Marks Distribution – A quick reference table illustrating the weightage of each chapter in past exams
• Previous Exams Trend Analysis – A breakdown of recent question papers to identify which chapters/topics are most frequently tested
• Chapter-wise Comparison with Study Material – Matches each topic with the corresponding ICAI study material chapter or unit for coherent study
• Chapters & Sub-Topics
• Each chapter is subdivided into logical segments aligning with specific Ind AS references
• The content includes conceptual outlines followed by detailed practical questions and solutions
• Solved Papers for May 2024, September 2024, January 2025 & May 2025 Exams – Includes suggested answers, marking schemes, and detailed explanations to guide students on presentation and approach

CA Parveen Sharma is a distinguished commerce graduate from Sri Venkateswara College, Delhi University. He completed his Chartered Accountancy Course in 1996, securing a place on the merit list for Intermediate and Final exams. Furthering his expertise, he completed his post-graduation in Indian Accounting Standards and US GAAP in July 2007 and a certificate course on valuation from ICAI in January 2010.

He holds memberships as an Associate of the Institute of Cost and Works Accountants of India and a Licentiate of the Institute of Company Secretaries of India. He achieved 100% in Accountancy at Delhi University and won the Gold Medal in the Accounts Olympiad in 1990.

Parveen Sharma has held several prestigious positions, including co-opted member of the Board of Studies (2006-2007), Advisor to the Accounting Standards Committee (2007-08), member of the Committee for Accounting Standards for Local Bodies (2007-2008), and the Regional Monitoring Committee (2003-04) of the Institute of Chartered Accountants of India. He also served as a member of the Committee on Management Accounting of ICAI (2008-09).

With extensive experience teaching Accountancy to CA Final and CA IPCC P.E.II / Intermediate students, Parveen Sharma is a visiting faculty member at ICAI and ICWAI. He has taught accountancy at various professional institutes and universities and has delivered numerous courses and seminars organized by professional bodies. He is also an accomplished author of research documents on various accounting issues.

CA Kapileshwar Bhalla is a distinguished Chartered Accountant and a fellow member of the Institute of Chartered Accountants of India. He graduated from Shri Ram College of Commerce, Delhi University, in 1996.

Since 1999, he has been actively teaching Accountancy and Cost Accounting to IPCC and Final Level Chartered Accountancy students. His expertise extends to delivering seminars on Accounting Standards, IFRS, and Ind AS to students and industry professionals across various forums.

CA Kapileshwar Bhalla is currently associated with Aldine CA, where he coaches CA aspirants via satellite. Additionally, he serves as a visiting faculty member with ICAI and other professional institutes.