13 August 2010
HI I HAVE GOT 52 IN LAW, ETHICS AND COMMUNICATION IN MAY PCE,2010. I HAVE BEEN ENCOUNTERING THE SAME PROBLEM OF NOT BEING ABLE TO COMPLETE THE PAPER AND MISSING 20-25 MARKS IN THE PROCESS. PLEASE SUGGEST WHETHER I SHOULD START THE QUESTION PAPER FROM BACKWARDS, AS I AM ABLE TO ATTEMPT THE 60 MARKS SECTION VERY WELL BUT DUE TO LACK OF MANAGEMENT, THE LAST 40 MARKS ARE NOT ATTEMPTED TO MY FULL SATISFACTION. KINDLY SUGGEST! THANKS!
13 August 2010
No need to change your study pattern drastically. Small improvement is required only so just relax.
Time saving method: As per my opinion in theory paper you should attempt flat questions first. After that attempt practical problems. Like in Audit or Law first attempt short notes or distinctions etc. In the beginning if you attempt practical problems first then there may be wastage of time in reading the problem twice or thrice.
Tips to deal with theory paper: Audit and Law
1. Prepare a list of Chapter wise frequently asked questions from the Scanner and prepare them properly.
2. Try and develop a sense to figure out excess study material from the exam point of view and cross that material immediately in your book. Study Material provided by the institute is not updated most of the times and full of totally irrelevant material/theory.
3. If you have time prepare notes only for important topics along with frequently asked question’s solution.
4. In Exams don’t write your answer in paragraphs. Try and mention it in point wise details with relevant section and case laws.
5. Use of Sections: As per my opinion you shouldn’t ask anybody about the relevance of quoting sections in Exams. It is off course extremely useful in law subjects especially in CA Exams. Try and quote section in your exams without any hesitation. Prepare a special strategy for remembering sections. If you make it a habit now it will 100% pay at the time of your final preparation.
6. You may also mention Registrar of Companies E-forms while writing your answer in Examinations. For example if you are answering the question “Transfer of Registered Office of a Company with in city”. You, after mentioning the procedure of transfer, may also mention that Company is required to file form 18 with Registrar of Companies with in 30 days of passing the Resolution in Board Meeting.
7. Very Important Revision Tips: What you prepare on Monday try and recall it on Tuesday without using books. If you are able to recall 60%-70%, then you are 100% going to succeed in this examination. Again try to recall the same after the gap of 2-3 days.
8. Don’t play with the language of law specially Definitions. It is strongly recommended to put the definition in the exact language. However you can take slight liberty while drafting your answer in respect of other law language but the context, texture, interpretation and meaning should not be changed.
9. Query Notebook: Keep a query diary with you during study time and note your queries in this diary and resolve them same day or next day. Do not keep your query unresolved. You may also take reference of this diary later during exam time. Also mention the answer of your query in the query diary.
10. Work out on your presentation skills. You may ask your query regarding presentation skills. Also check my Article on presentation skills.
11. Remember you can use the preparation of Company Law in your Audit paper. Company Audit –II chapter is based on the company law like Audit of share capital, share transfer and dividend Audit. Also use same law writing skills in your Audit paper.
12. Don’t use different notes for one topic. Finalise your notes before starting final Examination preparation and stick with them.
13. 10 Days before examination date do not add any new topic in your schedule. Just focus on revision-revision and revision.
14. In Theory papers length of answer plays an important role due to time factor. Regarding this you may take reference from suggested answers provided by ICAI. Write your answer according to the marks allocated.
15. Always prepare latest case laws as many times practical problems are based on recent case laws.
16. Plan your answer: Your exam preparation should be such that when you first see the question the entire answer should be in your mind. It will help you to plan the length of your answer according to the availability of time.
17. Complete your paper: Try and make an effort to complete your paper 100%. In other words attempt full paper of 100 marks. You may cut the length of your answer in the end as per the availability of time.
18. Make Point & give heading: In other words write your answer to the point. Try and convert the paragraphs in to points and give them a heading like I am giving in this Article. However if during exam you have no time then avoid this practice. But it’s a very good technique of theory presentation.