As you are already half way through your exams, we as teachers would like you all to maintain the high level of momentum in respect of Confidence, Determination, Patience and Hard Work, as you have done till now.
This will definitely help you to gain remarkable success in your Group 2 examination.
Here is the brief analysis of Paper 4: Taxation held on 9th May 2016:
The paper seemed to be lengthy at first instance.
But as per common students review, it went on quite well & was manageable at their end. Maximum questions were from ICAI Material including Study Material, PM & RTP.
Q1 (a)- As expected was on Computation of NTI , which was an average one.
Amendments in Direct Tax was given a good weightage, so in that case, ICAI has maintained its trend.
As compared to Practical Questions, a good number of Theory Questions were asked this time
(Approximately 44 Marks Theory)
This saved many students, who were struggling with the Practical Questions!
The trend was found to be changed this time. More weightage was given to small chapters like Basic Concepts of DT, Exemptions, Interest etc over Heads of Income as compared to previous attempts.
Length: Average (Many Students could attend full 100 Marks Paper)
Slightly Twisted questions: Q1(b) & Q4(a)
Standard of paper: Easy. Students who had actually studied well & referred the ICAI Material can easily expect an Exemption!
At the same time, I would request you to not spend more time on Analyzing what has GONE, but concentrate more on what is NEXT!
For Advanced Accounting, my suggestion would be the same:
Concentrate More on ICAI Material.
Try to solve as many PM Questions as possible.
Solve the Entire RTP & Latest 2 Mock Papers compulsorily.
In case of Questions on Accounting Standards, emphasize more on the Wordings that you are writing.
You can also download/refer the Suggested Study Pattern for further papers, which is uploaded on www.caclubindia.com, a few days ago!
Best Wishes for your Group 2 Examinations!!