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Sfm paper

Page no : 5

ankit (student) (307 Points)
Replied 05 May 2012

Dear Prashant,

 

before i give any commetn can you please let me know one book which i can use to read and then undrstand the concepts of SFM..

Institue material lack illustrations and steps and derivation sof formulas!

 

rajiv bhasin (Self Employed) (109 Points)
Replied 05 May 2012

Ankit go for Fundamentals of Financial Management written by Brigham and Houstan and certain relevant topics from Breley and Mayers.......For conceptual these two are the best book...infact the bible for Financial Management.....Rest just concentrate on stduy material, compiler and RTP....

Prashant Gupta (Article) (56 Points)
Replied 05 May 2012

Well Rajiv said it all.

and for studying via the study material..you have to patient and read thoroughly.

they sometimes describe the topic in words and give illustrations without the headings in paragraph form.

or if you think you want a litlle "easier" book

go for M.Y.Khan

 

on the same subject of studying these by foreign authors

Cost Accounting/ Management Accounting by Horngren (even the study mat is good enough to get 50+ easily for practice - prac man + rtp + prev yr Q+anything you want :P)

Operations Research  Hamdy A Taha

Seeing the type of questions the Insti Asks..these are the best.

 

vishant (student) (44 Points)
Replied 05 May 2012

Raunak:- seriously yar it ws d toughest paper..........i dnt wat type of ques paper dey hv made........i hv also dne d same thing as u did in 10 mrks ques...................

 

& Radhika is also saying rit, no ques ws covered in classes............i ws also gt shokd iin 1st 15 mins of reading....bt still atlast kuch naa kuch kr diya......lets c wat type of checking vl b dere.............

rajiv bhasin (Self Employed) (109 Points)
Replied 06 May 2012

Guys.....lemme tell you der is nothing called systematic or unsystematic risk in the market....with all due respect ot the financial gurus who invented this topic what I am trying to relate here is that whether its stock market or professional life...the diversification does not work for the people with high aspiration and who really want to grow big.....for example in stock market....with goos diversification stratgey you will end up making the 15-16% CAGR which is though very decent but nothing really different from the return any good Mutual Fund can give you.....even in stock market the concentration strategy plays its all...it is only 1-2 stocks which can really mint money for you which will give that significant delta which will completely take you to a new league...and make tons of money for you....with diversification you will end up making the avergae return which always demanded by moderate to risk averse investors.....In professional life as well if you really want to mint big money be it in a business or in service you need to be a specialist......As far as CA Final is considered its like a hurdle where you have to play your strategy to score the maximum in the subject you love the most and average in the suject you hate the most....since its an exam your focus should be to clear it and after you do so you need to focus to on the area where you want excel and master that field.....

Remember if do not have to solve the 100% paper to clear your CA Final....Just remember if you attempt 80% of the paper with 60% accuracy (the average 60% and not that you are not required to solve the problems with 100% accuracy i.e. some 100% correct and some with even errors in them....remember there is always step marking in CA Final) you are through river.

 

So strategise your CA exam paper.....All the best to all the finalists....Have respect for the Institute....Exam...and Course...If you do not and start abusing them just because you were not able to perform in the exam...then you are abusing urself.....remember institute never forced you to choose CA as a career...It is your own decision....

 

CA Rajiv

 

 

1 Like

Farooq (-) (45 Points)
Replied 06 May 2012

I disagree with pabbaraju Question 1c Lets assume present currency rate is 50 Then value of bond will be 250000 If dollar appreciates, then the rate will be 51 Thus closing value of bond is 267750. Cap gain will be 17750 Int income will be 350*51 = 17850 (17750+17850)/250000 = 14.24%

ankit (student) (307 Points)
Replied 06 May 2012

hahaha... dear you can't master urself in all 8 subjects!

so many people are writing that CA is a professional exam but can any one tell me how many CA's use standard costing / capital budgeting / auditing standards as intended to be used / foreign exchange / portfolio theory/ ecxise and so on...in thir real life!

90 % of the CA would use just basic and regular knowledge of some basic AS and SA's and general tax concepts!!

EVEN the doctors when they join MBBS and furthur goes for MS they specialize in one area it could be denistry/ surgeon/ gyaneo etc... more so a doctor's too dont have to undergo such rigouros training of 3 years ! which ultimaltely spoils life of many aspiring CA's as they are used by CA's and made to do clerical work or work in just one or two area!

Also more importantly what concepts are we talking of in SFM most of the topics are based on assumptions and presumptions LIke NO TAX  / constant growth ever (g) .. and so on! (what crap is this)

All we r expected to do is RATOFY these baseless assumptions and then understand the logics! 

For a real life example I flunked twice in auditing till the time i was correlating the exam questions with real life situation untill finally i decided to write what insittue expects and then scored 70 marks in auditing !

what say?

CA vaibhav (no) (111 Points)
Replied 06 May 2012

I m sure those who are favoring tuff paper by icai.. Must have not appeared in exam or they wld be member of icai ... I must tell gve me 1 hr after exam n I can solve nything but sitting in exam is different... 1 more thing when I will become ca I wld also like icai to gve tuff papers.. Ths pretty obvious

CA vaibhav (no) (111 Points)
Replied 06 May 2012

Ans for ques 1 c is on pg 7.65 of study mat..

Joey Tribbiani (fdg) (2010 Points)
Replied 06 May 2012

Originally posted by : vaibhav
I m sure those who are favoring tuff paper by icai.. Must have not appeared in exam or they wld be member of icai ... I must tell gve me 1 hr after exam n I can solve nything but sitting in exam is different... 1 more thing when I will become ca I wld also like icai to gve tuff papers.. Ths pretty obvious

I hav given the exam N i m also saying that exam was not that tough,just conceptual. I hadnt done any class but I studied from book of ashish kalra which was almost useless as regards the questions asked. the questions were definitely not carbon copy of earlier years questions with figures. We just had to keep our cool n select the questions to be solved judiciously.

CA Abdul Haseeb (Employed) (147 Points)
Replied 07 May 2012

hi.. intro abt myself... first of all, i have attended this exam, but just as a preparation for nov exams. and further i have read pattabis sfm book two times fully .. believe me, the paper was not too tough, it doesn mean it was too easy.. it was a bit easy for those who have UNDERSTOOD what they have read.. rather than just doing the probs byheart. because most of the prob types were never seen before and not repeated questions..  the paper had a bit of testing (surely not too much testing).. all this while i really liked pattabis book, but one thing that shocked me in exxam, is that two concepts 4.a and 5.b are not there in the book itself. i was quite stunned in the exam hall. back home, i went through the study material only to find that 25% of portion of study material is not covered in pattabis book.. i was like 'wat the hell is this'.. to sum up. with due respect to all the ppl who say the paper was too tough and nobody can attend it- U R GROSSLY WRONG. its because u havent understood the concepts and hence wen conceptual quetions are asked U FALTER. hope institute maintains this same level of standard all the times rather being volatile (the previous exams sfm paper was too easy). and ppl who study the hard way conceptually are rewarded and those who take shortcuts are pinned down. its good for them and for the course

CA Abdul Haseeb (Employed) (147 Points)
Replied 07 May 2012

Originally posted by : rajiv bhasin

Guys.....lemme tell you der is nothing called systematic or unsystematic risk in the market....with all due respect ot the financial gurus who invented this topic what I am trying to relate here is that whether its stock market or professional life...the diversification does not work for the people with high aspiration and who really want to grow big.....for example in stock market....with goos diversification stratgey you will end up making the 15-16% CAGR which is though very decent but nothing really different from the return any good Mutual Fund can give you.....even in stock market the concentration strategy plays its all...it is only 1-2 stocks which can really mint money for you which will give that significant delta which will completely take you to a new league...and make tons of money for you....with diversification you will end up making the avergae return which always demanded by moderate to risk averse investors.....In professional life as well if you really want to mint big money be it in a business or in service you need to be a specialist......As far as CA Final is considered its like a hurdle where you have to play your strategy to score the maximum in the subject you love the most and average in the suject you hate the most....since its an exam your focus should be to clear it and after you do so you need to focus to on the area where you want excel and master that field.....

Remember if do not have to solve the 100% paper to clear your CA Final....Just remember if you attempt 80% of the paper with 60% accuracy (the average 60% and not that you are not required to solve the problems with 100% accuracy i.e. some 100% correct and some with even errors in them....remember there is always step marking in CA Final) you are through river.

 

So strategise your CA exam paper.....All the best to all the finalists....Have respect for the Institute....Exam...and Course...If you do not and start abusing them just because you were not able to perform in the exam...then you are abusing urself.....remember institute never forced you to choose CA as a career...It is your own decision....

 

CA Rajiv

 

 

sorry but ur post is aquite misleading. first of all u say, diversification is of no use because it does not increase the returns (this too may not be true), but it reduces the risk for sure(a low risky rupee is far better than a high risky rupee- both in future terms). these concepts are sure not foolproof but these have been developed after lots and lots of studying the market by ppl who are not just experts in the field but are beyond that. so pls dont mislead ppl. what they are studying has relevance (if they enter the field). what ever we read in sfm is quite practical and has lots of relevance (and the same is for every subject).. and btw are u a student or qualified CA. if u aint the latter dont sign by the name CA (which is as misleading as ur post).

and further dont make ppl inculcate this habit of hatred towards any subject. this is pure detrimental to their success... yeah true, certain ppl deem themselves to be haters of theory or some others as problem haters and some hate both. its their own foolishness. in reality no subject is such that it shld be hated including auditing and law (dunno abt isca as i have not read it yet, but for Info tech of PCC, it was useless , irrelevant subject and abt isca am hearing that its the BAAP of info tech, keeping my fingers crossed).. the haters shld come out of it and as members of this club we gotto help them. if one hates a subject, he cant give the amnt of energy and time thats required to get 50 above in that subject and moreover every time one studies the subject one will be depressed and will be cursing the subject which affects his psycologically heavily. Hence, guys, develop love for every subject so that u can face the hurdles its gonna throw at u, with ease.

rajiv bhasin (Self Employed) (109 Points)
Replied 07 May 2012

Hey abdul....with all due to respect to ur feelings....dude....I cleared the xam in a shot went he results were barely 3% in June 09....I joined the classes of few renowned experts and den all of a sudden realise that I can't cope with the class environment....coz dey all concentrate of practical problems and not much on the conceptss.....and hence decided to go of my own ........ and fortunately cleared both the groups in a shot......

Dude read carefully wt I am trying to say....It is always prudent to comment only wen we understood the topic....I never told to hate any subject....all I said is to be focus.....every CA aspirant want to pursue a career in a particular way...smbdy wants to do a practice.....smbdy...to be a investment banker....smbdy to be a an accountant....smbdy to be a audit expert......For this u need to master the area of your interest then only u will earn that delta......But for this u need to clear the exam and earn the degree to call yourself a qualified CA........Even financial gurus in the market believe in concentration and not on diversification......warren buffet or rakesh jhunjhunwala has 60-70% of their portfolio money invested in just 3-4 stocks and the rest 30-40% in 10-15 stocks......If you are convince on one stock then there is no use of investing in other stocks.....Its a high risk high reward business dude.....practical and professional life is also the same......u need to be aware about every thing but u need to master only few things to gai that expertise....Had that not been the case the companies across the globe would have never hired people in several department with specific skill set......all the department would have been filled by a generalist.......

Diversification is a strategy for risk averse individual and risk averse individual dont earn high return.....

Your aim in CA Final is to score the maximum in the paper where u believe u want to pursue your career and the average in the paper which u believe u dn wanna pursue a long term career in......It is not about hatredness or love dude....It is all about strategy to win the war.......

 

Introdcuing myself again for Janab Haseeb as CA Rajiv......


(Guest)
Originally posted by : ankit


hahaha... dear you can't master urself in all 8 subjects!

so many people are writing that CA is a professional exam but can any one tell me how many CA's use standard costing / capital budgeting / auditing standards as intended to be used / foreign exchange / portfolio theory/ ecxise and so on...in thir real life!

90 % of the CA would use just basic and regular knowledge of some basic AS and SA's and general tax concepts!!

EVEN the doctors when they join MBBS and furthur goes for MS they specialize in one area it could be denistry/ surgeon/ gyaneo etc... more so a doctor's too dont have to undergo such rigouros training of 3 years ! which ultimaltely spoils life of many aspiring CA's as they are used by CA's and made to do clerical work or work in just one or two area!

Also more importantly what concepts are we talking of in SFM most of the topics are based on assumptions and presumptions LIke NO TAX  / constant growth ever (g) .. and so on! (what crap is this)

All we r expected to do is RATOFY these baseless assumptions and then understand the logics! 

For a real life example I flunked twice in auditing till the time i was correlating the exam questions with real life situation untill finally i decided to write what insittue expects and then scored 70 marks in auditing !

what say?

 

 

It isnt about mastering ALL the subjects. The core subjects. If your knowledge on core subjects is slim you will only draw ridicule after getting qualified. wide-eyed and clueless.(and i dont think it is 8 subjects, just different aspects of the same stuff)

I hope ICAI will test us in such a way that only deserving candidates who have got knowledge about the subject qualify. Let the papers be 'easy' only for people who has actually learned what is to be learned. Not for those who mugged up from coaching classes.

i know there are insufferable subjects like ISCA for whch we have to mug some. Understanding just the concept is not accepted, we have to reproduce those phrases. Thats just sad. I hope Institute will pay some attention there to be more sensible. 

Do you really think you would like it if the worth of your degree gets devalued? If people can just mug up coaching class stuff and get through an exam like CA Final, it will certainly dilute the value of the degree. Yu can go through this forum itself, there are CA s who are still unemployed and wondering what happened. just passing the exam somehow is not enough. your prospective employer can smell it from a mile away, if your knowledge is shallow. there is tough competition out there.

If you think 90% of CAs have just 'regular' ordinary knowledge thats sad. I hope instead of  making the exams just easy or just tough let ICAI examine the  students knowledge and not encourage mugging-up.  

As for becoming experts, ICAI hasnt kept it a secret that thats what is expected from us. Nobody is forced to join this course. Most of the people select this because of the prestige and prospects associated wih this. Let it stay that way. Let it doesnt get diluted.

even in the case of MBBS, if a doc pass-out doesnt know the difference between neuron and nephron, what is the use?

 

 

 

 

 


Siddharth Kadakia (Academics) (336 Points)
Replied 10 May 2012

SFM MAY 12 - SUGGESTED ANSWERS - BY ARCHANA KHETAN

 

/forum/sfm-may-12-suggested-answers-201468.asp

/forum/sfm-may-12-suggested-answers-201467.asp


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