Financial reporting

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 August 2014 Dear Sir,
I really needed your suggestion.I have appeared for my ca finals 3 times and every time i score less in my FR paper. I have gone through all the sums of Perven Sharma sir ( except Holding co.)and also practice manual.Even in MAFA i followed Dr.J.B.Gupta but still my marks lie under 40.Should i purchase the video lectures of DG Sharma for accounts?And regarding my MAFA what should i do?I have to re-appear 1st grp in nov,14.Please suggest me some way out.Thanks!!

Regards,
Anirudh B. Sonpal

Querist : Anonymous

Querist : Anonymous (Querist)

24 August 2014 Please help

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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24 July 2024 It sounds like you're putting in a lot of effort into your CA Finals preparations, especially in Financial Reporting (FR) and Management Accounting and Financial Analysis (MAFA). Here are some suggestions that might help you improve your performance:

### For Financial Reporting (FR):

1. **Review Your Approach:**
- Since you've already covered the study material and practiced extensively from Perven Sharma's book and the practice manual, evaluate if your approach to solving problems and understanding concepts is effective.
- Sometimes, revisiting the basics and ensuring clarity on fundamental concepts can make a significant difference.

2. **Video Lectures by DG Sharma:**
- If you feel that a different teaching style or additional explanations could benefit your understanding, it might be worth investing in DG Sharma's video lectures.
- Video lectures can provide visual and auditory explanations that might reinforce your understanding of complex topics.

3. **Focus on Problem Solving:**
- Practice solving problems from previous CA exams and mock tests under exam conditions. This will help you get accustomed to the exam format and improve your speed and accuracy.
- Analyze where you make mistakes or struggle and focus on those areas.

4. **Seek Guidance:**
- Consider seeking guidance from a mentor, tutor, or peers who have successfully cleared the CA Finals, especially in FR. They may provide insights or study techniques that could be beneficial.

5. **Mock Tests and Revision:**
- Regularly take mock tests to assess your progress and identify weak areas. Allocate time for revision based on the mock test results to strengthen your understanding.

### For Management Accounting and Financial Analysis (MAFA):

1. **Study Resources:**
- Dr. J.B. Gupta's book is comprehensive. Ensure you've covered all topics thoroughly, including understanding the concepts and practicing problems.
- If you feel the need for additional resources, you could explore supplementary study materials or video lectures that align with your learning style.

2. **Problem Solving Practice:**
- MAFA requires a strong grasp of concepts and the ability to apply them to numerical problems. Focus on practicing calculations and understanding the logic behind them.

3. **Time Management:**
- Manage your study time effectively, balancing between FR and MAFA based on your strengths and weaknesses.
- Allocate specific time slots for each subject and stick to a study schedule to ensure comprehensive coverage.

4. **Seeking Help:**
- If you encounter specific difficulties or concepts that are challenging, don't hesitate to seek help from tutors, classmates, or online forums where experts can provide clarification.

### General Tips:

- **Stay Positive and Persistent:**
- Keep a positive mindset and believe in your ability to improve. Persistence and consistent effort often lead to success in challenging exams like CA Finals.

- **Healthy Study Habits:**
- Ensure you maintain a healthy study routine with breaks, exercise, and adequate sleep. Physical well-being contributes to mental clarity and concentration.

- **Exam Strategy:**
- Develop a strategy for tackling the exam, including time management during the exam and how to approach different types of questions.

By reviewing your study approach, considering additional resources like video lectures if needed, and focusing on problem-solving practice, you can enhance your preparation and increase your chances of success in the upcoming CA Finals. Good luck with your preparations!

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