Corporate & allied laws study plan - ca final n12

CA Final 1511 views 2 replies

satish

Service

901 Points Posted on 22 May 2012

Dear CA Final students,

Next in series -Study plan for Corporate and Allied laws - It woudl be a good approach to also have a Bare Act along with good textbooks - Institute materials, Authros who are expert in this field as reference while preparing for this subject.

A simple approach if it works for all of you - here are my recommendations for the Set1 ( Allocated for study plan for next 30 days)

Follow the below plan - May 20 to June 20th ( as first reading),
Revise the same in next 30 days from June 21st to July 20th with reference to past questions, Note down on all recent Judicial decisions, Notifications, Amendments
Jul 21st to Aug 20th < Revision 1 >

If you could follow similar approach for Set 2 & Set 3 of the rest of materials to be shared you could cover the syllabus in entirety.

If students are writing one Group I would suggest to study atleast 5 hours a day and if both groups you should start with 7 hours a day and move to 10 to 12 hours from August.

Past data shows if you plan for 10 hours - the effective reading is only 75% of the hours planned so in order to achieve effective study plan of 7 hours you need to plan for 10 hours at minimum :)

SET1 : Corporate & Allied law study plan

Directors (since this topic is vast - atleast cover 50% of the syllabus)

Accounts of Company

Audit of Accounts

Compromises, Arrangements & Amalgamation of companies

Foreign Company

Government Company

Divisible Profits and Dividends

SEBI

FEMA

Regards,

Satish.

Tejas Learning Centre

"Where Knowledge is Shared"

Replies (2)

Guest

Hello Sir,

I planning to appear for both the groups this Nov.. Any suggestions pls?

satish

Service

901 Points Posted on 24 May 2012

Hello Deepti ,

Start early is the first recommendation and be smart in your time allocation. If you are working or in last year of articleship - and you plan to attend classes too in next 2 monnths - you have tight timeline, given the travel schedule and follow through of the classes .

Keep it simple by having a plan as i suggested - Try not to keep backlog. Read-Review-Revise will and weightage/priortization to chapters where marks are allocated more at the same time not to neglect chapters.

Overall if you cover in entirety - it means you are preparing for 150 marks based on past 4 year trends and youwill be comfortable to handle the paper for 100 makrs

Other piece of advice - Specific to Financial reporting - students 50% + complain about lengthy paper after every examinations. This happens due to the fact students donot practice time for ex to Solve a Amalgamation problem, You need to crack the Contents of the problem- calculate Purchase consideration/settlement in first 5 to 7 minutes, then need to do entries (Selling co or purchasing co) for 7 minuts and complete with Balance sheet(Now practice new schedule VI) in next 5 minuts. This takes in total 20 minuts.

If a students gets stuck in few of the problems for more than 40 minutes and not able to handle Accounting standard 5 to 7 mark questions - this leads to panic situation and ends up in a not so comfortable position after first exam.

Students needs to be strong in atleast 3 to 4 subjects above 60+ before going to examination and rest at 50 range preparation which means you are always preparing for 450+ than preparing at 400.

Keep your health in check, Be systematic, Clarify doubts through your teachers, friends, forums. Capture all your doubts in a note book and get it clarified once a week and you could also share it in forums which can be helpful for other students. I run a small batch in Bangalore and intend to have email study circle in case you are interested to join you could write to me at tejas @ tejas.co.in

Good luck.

Satish

Tejas Learning Centre

"Where knowledge is shared"