The Way to answer the case study
Friends, previously in our exams ICAI use to give โdirect question in company law and auditingโ like โExplain the main characteristics of the Company?โ But now the question paper pattern is totally changedโฆ
Now ICAI is giving all practical questions to test the knowledge of the studentsโฆ For the previous pattern all of us can mugs up the answers and can pass the exam. But now you have to perfect with the concept to clear the exams.
Also the main reason to write this article is many of our friends contacted me on this topic. Exams are reaching near, how to attempt case study?
I saw many students who know the concept well but unable to present in the exam. Many of my friends in this club also asked me how to present Case study.
So, this article is towards the students who are lacking in presentation aspects in case study.
Let us directly come to the point:
The first and most requirements understand the case.
I also mentioned in some of my previous articles on this topic in briefโฆ
The Way to Answer the Case study:
Itโs not a big issue to answer the case study, only four steps required to give better presentation.
1. Facts of the case
2. Sections for the case
3. Explanation to the case and
4. Conclusion. |
Thatโs it. If you follow these steps you can cope up with presentation aspects for given case study.
1. Facts of the Case:
In this stage you have to explain the case study which is given to you. Just express what you are thinking about the case. Like this โMr.X and Mr.Y entered into a contract and Mr. Y doesnโt fulfill he words which he was given at the time of entering into contractโ
2. Sections for the Case:
This is very crucial aspect most of our friends will quote some sections which are not related to the topic given and they loose marks. Try to write the sections and case laws (if applicable) to the given case study. Also donโt quote the wrong sections if you are not perfect with the sections. Then leave itโฆ
Remember โFor not quoting of sections you will not loose even a single mark, its just add up to the presentation and creates the best impression in the minds of valuator, but wrong quoting of sections will make you to loose marksโ
If you know the sections and case laws perfectly then start this point as โAccording to the Sec.XXX of the Companies act 1956โ or โAs per the Case law held between Mr.X and Mr.Y โ
3. Explanation to the case:
Now give what is your explanation to the case.. Here Explanation means possibilities or chances that Mr.X can do in that situation and do give your opinion there itself.
4. Conclusion:
Here is the final stage, you have to give the conclusion in this stage i.e., what is your decision to the given caseโฆ
Also start conclusion in this way โIn my opinion Mr.X โ
These are the stages required to give a better presentation in exams for case study questionsโฆ.
Many of our friends use to give direct their opinion firstโฆ. This is not advisable to doโฆ and this will create negative impression in the valuator.
So, We will not do the same mistake what others do !!!
ALL THE BEST
REGARDS
MADHU KIRAN