How to prepare ama & sfm is 60 days.?

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Querist : Anonymous

Querist : Anonymous (Querist)

02 September 2014 Dear Freinds please suggest me a strategy to score well in SFM & AMA actually i have taken coaching from Aditya Jain sir & Parag Gupta. so i want to know from where to practise SFM questions & AMA Questions whether from ICAI study mat + PM + RTP or just from Aditya jain sir & Parag Gupta sir books i am confused because aditya jain book contain more than 800 Questions and around 750 Questions in Parag Gupta Sir Book and i have only 60 days..so tell me how to prepare SFM & AMA and score well in this subjects.?

Ankur Garg

Ankur Garg (Expert)

04 September 2014 Hi,

Indeed you have less time to practice 500+ questions. So you are advised to practice some landmark questions which usually covers all the conceptual understanding and formulas. This will help you to capture the theme of entire chapter.

Your first priority should be to refer ICAI material like ICAI study mat + PM + RTP etc. After doing that you may practice some questions from Aditya jain sir & Parag Gupta sir’s books.

No need to confuse at all. Try to be clear in your mind as early as possible and finalise your strategy today itself. Also focus on other subjects.

Please revert if there is any doubt.

Thanks

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Ankur Garg

Ankur Garg (Expert)

04 September 2014 Also check following links for tips and tricks to handle Audit, Costing and SFM subjects:

1. SFM Tips and Tricks:

https://www.caclubindia.com/articles/tips-to-handle-strategic-financial-management-paper-sfm--21467.asp#.U_RLM6NqOZQ

2. Audit Tips and Tricks:

https://www.caclubindia.com/articles/suggestion-for-ca-final-and-ipcc-audit-paper-november-2014-21466.asp#.U_RLxqNqOZQ

3. Costing Tips and Tricks:

https://www.caclubindia.com/articles/tips-to-handle-costing-subject-in-professional-exams-21262.asp#.U_L-X6NqOZQ

4. Suggestions to handle Information System Control and Audit [ISCA]

https://www.caclubindia.com/articles/suggestions-to-handle-information-system-control-audit-isca--21495.asp#.U_xt-KNqOZQ

THE BASICS OF STUDY

I would strongly suggest you all to stick to the basics of study to avoid further failure and ensure success. There is no need to make drastic changes in your preparation method. In CS and CA exams scanner, practice manual, revision test papers along with Institute study material plays an important role so take reference and plan your study accordingly. For me some basics of study are as follows:

1. Timely completion of course material—Very first basic thing is to finish your course to have better idea of course structure. This will also help you to prepare a good revision schedule along with study plan.

2. Timely revision-- Another basic study point is to give ample emphasis to a good revision plan. There is nothing is this world which can substitute a good revision plan. To succeed revision is must.

3. Ample amount of practice of Numerical [account and cost] questions-- One major reason of student failure is bad performance in practical questions. So ample amount of practice of Numerical [account and cost] questions is must along with perfect conceptual clarity.

4. Right amount of theory preparation in practical subjects—Most of the students don’t give due value to the theory in the practical subject. So right amount of theory preparation in practical subjects is equally important. The best way to solve this issue is to prepare notes of frequently asked theory questions from Scanner.

5. Selection of right books—Another basic point for good preparation is the selection of right reference books. So take help from your seniors in choosing right books.

6. Good presentation of theory— Lack of good presentation especially in theory paper is one of the major drawbacks for most of the students. In theory subjects good presentation of theory is must along with mentioning case laws and sections etc. So I’d request you all to take note of the same.

You are advised to regularly check the link given below to keep you in sync with latest amendments and keep a track of changes in Syllabus and various amendments from the BOS knowledge portal of ICAI:

https://www.icai.org/new_post.html?post_id=5720&c_id=314

Also check the link given below and use exam oriented material available at the BOS knowledge portal of ICAI:

https://www.icai.org/new_category.html?c_id=342

I hope the above information would be of some help. Kindly revert in case you need any further assistance regarding your exam preparation.

Thanks
CS Ankur Garg

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