How to deal with isca... (ca final)

Final 18704 views 49 replies

 

Please read carefully what I'm about to write. I hope this style of studying will improve your score in ISCA.
 
Total Number of Chapter - 10
Lengthy chapters -  1,2,3 and 10  (almost 50% of your book)
 
If you see any question paper, you will observe that ICAI has given weight-age to every chapter. so don't even think of keeping any chapter as "Option". Examiner can easily notice that you have done selective reading of the subject and he may exercise his OPTION to deduct your marks. :P 55+ ka sidha 45 ho jayega. trust me.
 
Read chapter 1 and 2 first. it may take some extra time. but read in detail. try to understand why this point? why this explanation? where it is applicable in practical scenario? you should not mug up the points or technical words. it should come by number of readings. Memory techniques wale fail ho gaye hai yeh time. "Understand Logical Sequence" of points. every topic of discussion has some reason behind it.. WHY?.. that should be your first question.. yeh aise hi sequence mein kyon likha hai..? You'l find it logical. it's like a flow chart. When you understand the logic, it will be easy to recall all points in given sequence. 
 
(CAUTION : IT DOESN'T MEAN THAT YOU SHOULD DO "PHD" IN ALL CHAPTERS,  TIME MANAGEMENT IS VITAL)
 
after that you can read Ch 4 to 8, chapter 3 and finally 9 & 10.
 
Chapter 3 is related to control objectives; so reading other chapters before you read this one, will give you better picture. I know you may question that I'm advising you to go off the sequence, but I personally found it interesting to read that way. You can try your own strategy for that matter.
 
Reasons why we lose Interest in studying subjects like ISCA
    
* Chalta hai attitude : non-core subject hai, kuch bhi likho pass to ho jayenge, memory techniques are more than enough, detail mein kyon padhna hai.
* Lack of understanding:  It is very normal tendency, that if we're not able to understand anything despite of numerous readings; we do lose interest in subject and we either don't read it or we try to mug it up.
* Status of subject:  the moment you think that this subject is faltu / baccho ka khel / timepass etc etc ; believe me you have lost half battle. Don't under-estimate any subject you study no matter how easy it seems. RESPECT for what you read is the key to change your perception.
 
 
1) understand concept (this is very imp. if you not able to understand then ask teachers or discuss with friends. "Ratta mat maro")
2) trace logic behind sequence of points explained (you may not find it in all cases, but it's there in most of the topics)
3) co-relate with one practical example (easy way to understand & remember the concept)
4) list down Points and Technical words (Info Tech paper is all about technical language you use, thus VERY imp.)
5) prepare Charts / Diagrams  (your answer paper is the only representation you make to examiner. Express yourself carefully and tactfully. when we buy some gadgets, the first question comes to our mind is " whether it is User-Friendly". Same expectations are there by the examiner. if you write lengthy off-the-point answers, you may lose marks. Use charts and diagrams. It will save your time and answer will look more comprehensive)
6) Explaining points:  students often have wrong idea that we should write main points carefully and explanation kuch bhi chalega. It doesn't work that way in CA exams. your entire answer should be technical enough to be eligible for proper reward.
 
Why number of readings : It will help you to understand the concept more clearly. call it learning effect or whatever you want. There are concepts in ISCA where you may require to spend more time. Number of readings should not be used for "Mugging up"; but to understand the subject in detail.
 
 
###  Question 1 - Case Study:
 
Intention behind this question : Application of Concepts and "Advising"  to solve the issues identified.
 
a)  This is practical question and not at all just theory based. if you fail to give analysis, reasoning and advise then you may get less marks.
b)  Company is asking you for solution and not for theory behind the issue. First you explain issue and then come up with solution as well. Try to be more precise  i.e. write action points to be followed by company to solve issues. More accurate and implementable solution you give, more practical it will look.
 
Format for answering Que 1.  
 * Facts of the case
 * Issues in the case
answer (a), (b), (c) and (d) : try to define the concepts in Introduction part. Main answer in point-wise format and write conclusion giving advice or action points.
 
Other questions are to be answered in Point-wise format.
* Introduction
* Main answer
* Conclusion / recent developments in that area
* Again I will remind - use Charts / diagrams.
 
Answers for questions related to IT Act and IS Security policy (ch 9), should be to the point - take is as mandatory condition.
Don't take risk of writing your own ideas and innovations. IS policies are well-defined, if ICAI asks for HIPPA then you have to write what is mentioned in HIPPA and not anything else. 
 
If you don't know the answer, leave it then and there itself. Don't bluff, because cost is 6 months more.
 
Mail me if you want more clarification on any of the issues.
Replies (49)

Thankx yaar 4 sharing useful thoughts. Really it will help in exam.

But can u suggest which topic (or chapter) is worth to read from which book.

Right now i m doing it from Dinesh Madan. but some of my friend had told me  that its not enough!

so please share ur thoughts about it.

Thankx in advance.yesenlightened

@ Ankit

1) ICAI Module is very important.

2) Personally I didn't find anything extra or useful in Dinesh Madan's Book (Except Memory Techniques which I don't believe in)

3) See following link for books recommended by ICAI. https://www.icai.org/post.html?post_id=1733

I used Module, Practice Manual, RTPs and Suggested Answers by ICAI and got through in November attempt.

@ Ankit

1) ICAI Module is very important.

2) Personally I didn't find anything extra or useful in Dinesh Madan's Book (Except Memory Techniques which I don't believe in)

3) See following link for books recommended by ICAI. https://www.icai.org/post.html?post_id=1733

I used Module, Practice Manual, RTPs and Suggested Answers by ICAI and got through in November attempt.

Hi Sagar,

Thanks for the tips..

How is padhuka - ISCA book...I prefer Q & A format..But in study material unable to decide which para to study and which para to ignore..Not able to recollect..

Suggest some gud book...I want to get 50+ in this subject..

laxmi

 

Study Material comes first. You should understand it entirely. Don't keep any para as option. Everything is important to create some base for futher understadning.

I didn't see paduka's book. If it's in Q & A format, then refer is as supplementary reading. It should not be your only book for studying ISCA.

ICAI modules are inevitable. Develop the habit of tracing logic behind the words. It'll definitely create a lot of interest.

You'll be able to recollect only if you understand the concept and that understanding will last for life time.

Hi Sagar,

Thanks for the tips..

 

I am hindi medium student & find difficulties in word used in module... what should i do

 

@ Vishal

Technical words in hindi are really difficult to remember. this is because you won't find any similar word which will give same meaning and can be used instead of original word.

You try to write the concept in your own words. however, in exams it is advisable to use as much technical words as possible. And it'll come after reading it number of times. See.. why i'm telling you again and again for number of readings, because I have seen students who don't even read it once and expect good score. 

In fact, any subject for that matter, should be read as many times as possible, keeping your time table well on the track. During exam many students come across the following problem.

No co-ordination between speed of writing and speed of thoughts. This is very important aspect. Proper Synchornisation is essential. "Number of readings" will solve this problem to some extent. You tend to stop writing because your thought process is blocked. It should not happen. thoughts should flow smoothly without any hurdle.

 

and I will suggest you to take advice from students who have appeared for exam in hindi medium, for more clarification. I've not faced this situation so not in a position to give you reasonable views.

Advanced management Account  & Direct Tax ke bare mein bhi kush batao ?

Waiting your reply on

pankharoad @ yahoo.co.in

Surbhi Saini

thank u sooooooo much sagar sir.... even i think icai module RTP practice manual are best for exam ....

hi pankha.. may be follwing link help u. plz check

/forum/details.asp?mod_id=71654

/forum/details.asp?mod_id=100052

/forum/details.asp?mod_id=95284

/forum/details.asp?mod_id=97122

 

 

 

Advance Management Accounting:

1) AMA is not only about "Marginal Costing" and "Standard Costing". I have seen students spending maximum time on these two topics. Please give sufficient time to all chapters. No doubt that above chapters are important, but don't keep anything for option at the cost of above.

2) Again, understanding concept is more important in AMA. In fact, more than ISCA. This is because ICAI won't repeat any practical question nor it will copy-paste any question from any reference books. Most of the questions are new and do test your concept understanding at advance level.

3) Don't ignore theory. I don't want to emphasis on exact marks it carries, but it will surely help you to score, and in many cases to survive as well. Theor answer should be precise and to the point. Don't write essay.

4) Problems in module and practice manual are really Qualitative. It'll help you to understand the level at which ICAI expects you to think.

5) Practice as many problems as you can. It'll help you to develop the logic to proceed with new type of problem. Refer couple of books recommended by icai on https://www.icai.org/post.html?post_id=1733

I don't understand why you refer other books which are not recommended by ICAI. 

6) Students feel that Quantitative Techniques can be kept for option or ICAI won't ask advance level questions on this. Please don't make this mistake. You take any exam paper of ICAI, you'll find advance questions on QT as well. QT should help you to save time in exam and score as well.

7) In exam, go from easiest to toughest. Question you can answer with 100% accuracy should be answered first. It will do two things. 1) Boosting Confidence 2) Time Management

8) Do not make concept errors. If you don't know the answer, then don't attempt that question.

"Learning Curve Theory" does apply in your studies. More you practice, better results you will get.

Thnx. 4 ur suggestions dude,,,,,,,,,,,,,,,,it's really helps us a lot ........:)

@ Rahul.. I'm sure it will do some value addition to your study style...

 

@ Kaya... Please don't call me sir.. I'm way too small for that.. still a student.. :)

Thank you Sagar .....Very useful suggestions and well presented will be very helpful.


CCI Pro

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