Sfm is troubling me
mannie.91 (ca final) (233 Points)
05 February 2015
got only 40! though exam went good.. how to study for sfm !?!? please help
Assumption : You have done full syllabus atleast once.
Books to be followed : Practice Manual, Latest RTP + Past 3 RTPs, Latest MTP+ Past3 MTPs.
Solve every Question BY HAND.
Remember, till the time you will not solve the questions by hand, your score will always be in 40-50.
Strategy :
1. Complete the Theory. Q7 will always be a theory Question. Only Past years Questions will come.
2.Now start with Short and Easy Chapters : Dividend Policy>Valuation of Business and Merger and Acquisition> Lease Decisions>Financial Policy and Corporate strategy.
3. Now comes The Medium Level Chapters : Capital Budgeting>Capital Market>Fundamental Analysis>Technical Analysis>International Capital Market>Foreign Investments>Money market.
4. The TOP Level Chapters: Forex>Derivatives>Risk and Return>Mutual Funds>Bond Valuation.
5. General Topics : Real Options, General Problems.
These Steps have to be done in This sequence Only.
Good Luck !
I got 64 by this strategy.
Paper 2 : Advanced Auditing and Professional Ethics
Books : Practice manual + RTP(Latest and Past 3) + MTP(Latest and Past 3)
SA- First do rote learning of SA nos. and there names ( THIS IS MOST IMPORTANT STEP IN AUDIT PREP. ) Then DO PRACTICE MANUAL Chapter on SA. Then do Summary of SA. Download it from Caclubindia.
AS-First do rote learning of AS nos. and their exact names. Then DO PRACTICE MANUAL Chapter on AS from the Financial Reporting PM.
Professional Ethics : First do rote learning of Clause nos. and their names.Then do Practice Manual Chapter.
Amendments : Cover Amendments in Financial Reporting, Audit, Company Law, IDT, DT. Give special attention to amendments indirectly affecting audit aspect.
Also study selectively from your ISCA book : CAAT and other issues, Emerging technologies, and auditor's responsibilities given here and there in all the chapters.
Guidance Notes on Audit and Accounts : Do rote learning of Names. Dont learn the content.
Other Chapters : Study from the Practice Manual only.
IN THE XAM HALL: KEEP qouting SA, AS, relevant add ons learnt from other subjects and try to use words like " Sufficient And Appropriate audit evidence" instead of audit evidence.
TRY TO FLAUNT YOUR KNOWLEDGE ON THE PRACTICAL ISSUES OF AUDITING ASPECTS EXPERIENCED IN THE ARTICLESHIP ( This is not ISCA, where you have to produce the exact content from the study material)
A big % of CA Aspirants have a poor Vocab. You can kill the competition By using Effective and Efficient English.
Shailesh W
(nobodies)
(327 Points)
Replied 05 February 2015
CAclubindia
