CA.ViVeK M ACA
(ACCOUNTS DEPARTMENT)
(28544 Points)
Replied 03 February 2010
Dear Nagalaxmi,
Fact of the case,
key factors
you are employed and married and mother of small kids and have only one month for preparation before exam and finaly you have two more attempts is left with you...So each attempts and time is so crucial and critical.
You will get least time per day for your exam preparation and giving over dependency on study leave of one month .....
From the day onwards hardly three month for exam...So goal setting is crucial.What is goal setting ...opting for both group or individual paper wise....
Even if you opt for group 2 , the cost management papers paly tricky and surprise questions and good valuation too....MICS also crucial....DT is leangthy and IDT also....
For Group one
Accounts will be normal, Accounting standard, SAP or AAS, Audit is lengthy ,CLSP also be careful.Finaly MAFA papers is tricky....
Both group people will carried forward simply all the tension for 3 period of time.
Opting for Group 2
step no 1 Set any two papers for excemption
You require 200 marks from 4 papers...set any two paprers which is targeting for exemption.(Say, MICS and IDT)
Step 2 concept building
For costing exam ,the question shall be real time , tricky, lenghthy, it is not a new question rather the concepts is based on your book only....
Try to solve more number of problems with out refering the solution, which allow you committing the mistake, correction of the mistake..When you not depending on the solution of the problems you will start thinkinrg for solution.This will increase your thinking power the day of exam
step no 3 Understand the most relevant area
Buy latest scanners and suggested answer ,In costing and OA understand in which area more questions eare set in the previous exam.
Give the weightage according to the marks...Be master in those area
step no 3
Please update the amendement at least 6 month before exam for DT and IDT exam
step no 4
Buy Padhuka book for cost management and Vaidheswaran for IDT...For MICS better refer R chandra sekar ..(It is just recommendatory)
step no 4
keep a habbit of making a good notes...For theory your studies shall be as follows
Read first, identify the logic or concept and document the concept , revise the concept in a good periodic interval and finally better presentation for exam...
Example for a 5 marks question , you need to write only five relevant point with good heading as well as sub heading.
Strategy for group one
MAFA Please refer the same of Cost management as above
Accounts
Do consolidation, valuation of good will, amalgamation,demerger,fund account,Accounting standard
Do good number of excersise by devoting your past exam papers
Audit
Buy padhuka book, For AAS you can opt for Dolphy disuza book.
Classify the chapters according to weightage of marks...example...Professional ethics...Audit report,Company audit
The exam question shall be purely testing your concept and in the form of case laws...so be clear
Make the studey method which i was suggested as above
For CLSP
By Munish Bhandari book
Classify according to the weigtages of marks..Make a good note for the concept
Give due weightage for Other Acts such as Competition Act, SEBI Act, Etc
Revise the concept
Conclusion
You should opt eighter group 2 or Group 1 or Both according to your time availability,
All the best
Thank you all the others for making their conclusion....
CAclubindia
