Neha Agarwal (CA Finals) (47 Points)
31 August 2010Hey frns n my respctd seniors. I'm preparing for final new course,nov 10. Can nybdy plz help me over d topic of standards on auditing......out of all d SAs which ones r d most important? and wat shud b d chaperwise preference for getting good marks in audit? anticipating ur quick response...thanx.
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 31 August 2010
CA CS CIMA Prakash Somani
(Landmark Group)
(23502 Points)
Replied 31 August 2010
Tips to Prepare for Audit ( IPCC & CA Final )
Prepared by : CA Prakash Somani (CA, B.Com, NCFM (CMDM), Pursuing CS)
1.
Don’t go by size of modules, they are easy to read
2.
While different peoples' learning styles will vary, it is
generally most effective to go by your reading speed and never follow or compete
with anyone atleast in theory.
3.
Refer a good book like Prakhar Sharma/Paduka/ V.K Agrawal Note:
(MP Vijay Kumar can be used for AS reference)
4.
Examiner will not ask direct Q on AAS so your concept should clear
with AAS else you will loose. You may also remember latest AAS
5.
Your articleship training will give you practical experience of
whatever in the book itself
6.
If possible try to write the way module is written, believe me its
easy (Indirect method is used in Modules)
7.
It wont be possible to read whole Module in exams so be ready with
one reference books
8.
Refer only one book and never suggest anything new nearto or
during exams
9.
Professional ethics are to be read carefully as it has weighted of
15-20 marks. Remember their numbers and also to which part they belongs
10.
CARO Report and their number should also be remembered, better to
prepare slogan (You can get it from me)
11.
Stick AAS and CARO Point before your study table for better
remembrance
12.
It’s a theory subject so better to take one practical subject also
i.e. combine interesting and boring subjects during revision. This will keep
your level of concentration in tact. ( Refer Point 23)
13.
Prepare notes of whatever you are feeling tough to grasp and
revise them
14.
If there are many points to a particular Q then prepare a slogan
suitable for you (It is the best way to cope with bulk points)
15.
Refer suggested answers or scanners to know the trend in exam i.e.
which chapter is more important and which is less, you can even read in that
order also
16.
Its not possible to follow “ ratta maro pravati “ here in Audit as
it is very large for this
17.
Understand how to answer questions based on Case Studies. Take
reference guide from previous attempts answer patterns
18.
Try out Case Study after having finished each Chapter
19.
Think of as many problem as you can and try to solve the same
(Only if you have sufficient time)
20.
Remember the latest case laws on audit as there are very much
chances that examiner will ask question on that
21.
Check the pattern of question paper, instructions. Are there any
changes? It's essential that you are aware of the paper style
22.
Make sure that all your notes are arranged systematically. This is
particularly important for the revision of your theory subjects
23.
Start revising from the chapters you know the best followed by
difficult chapters ( Also refer Point 12)
24.
Revision has to be done by keeping the outline of the chapters.
This will make you go through them quick and easy
25.
Take short breaks and study. Without break you can not get more
output from your studies
26.
It is not important how many hours you study; it is more important
how well you have studied
27.
Time yourself while you are studying. It's essential that you
study for an hour and take 5 minutes break to do anything of your hobby to make
you fresh.
28.
Don't keep your queries pending, solve them immediately (you can
ask me
J
through
www.psomani.caclubindia.com
).
29.
Recent Amendments should also be keep on your priority list.
30.
Reward yourself with an ice-cream or a brief outing after a good
day's work.
31. Give Thanks to the writer for his efforts to make this available to you J.
Sudeshna Mazumdar
(NA)
(63 Points)
Replied 01 September 2010
I think, people should proceed with both the groups for CA-Final simultaniously. If you are proceeding with both the Groups, statistically there remains a fair chance to score well & crack the egg finally.
So, I really think guys that if u cud manage to get 2/3 months of leave before your final, just go for both the groups without having a second thought.
If u r planing for the May-2011 Final, I guess, till there are enough time to manage your preparation in a proper manner.
Best of luck ........ :)
CAclubindia
