Happy Exam Preparation and Happy Diwali !!!

Krishna Professional Coaching !!

Approach for a successful attempt

As the Nov attempt for CA exams is approaching fast a few tips for all the students appearing for the Group I , Group II or both -

1. Nothing is optional

Whether you find a particular topic difficult or easy , make sure you cover the entire syllabus. This is of utmost importance since you are not sure about the weightage of the units. Divide your syllabus into units that you have mastery on and the rest. Devote more time for the latter part.

2.  Do not compare studies with others

One major factor among the students is 'discussing studies'. For CA exam preparation , many books and notes are available in the market. Just because your friend has studied a particular topic from other book , do not follow the same. Study the topics from the book or notes that have used till date and do not change the same at the last moment. Also if you are appearing for one group then please appear for a group you are well prepared for and not follow the herd mentality.

3. Recent case studies

This is a must for the Taxation papers. At Krishna Professional Coaching , I make students make a list of case studies while teaching the syllabus itself and the recent case studies are updated in the same list for ease. Make sure you have a list of the case studies handy and include the recent ones in the same for memorising easily.Also remember the case studies under a specific section together. The CA module captures the section wise case studies very well. To cite an example the IPCC module for taxation explains whether income from nursery should be treated as agricultural income or not with the  decision held for two rulings - Supreme Court in CIT v. Raja Benoy Kumar Sahas Roy (1957) , Madras High court in CIT v. Soundarya Nursery (2000) and the Expalanation 3 to section 2(1A) which ratifies the view taken by the Madras High court. When studied together it becomes easy to remember the same.

4. Problems are backed by theory

Before you solve problems make sure your conceptual understanding is clear since problems are based on theory. To cite an example - The IPCC paper on advanced accounting has Company accounts which includes topics such as ESOPs , Redemption on debentures , underwriting of shares to name a few. Only solving problems will be very mechanical in nature. Try reading the background as to what does it mean , how do the financial statements get affected due to the same , ICAI guidelines or the relevant accouting standard and the provisions of Companies Act 2013.

5. Practice makes a man perfect !

An age old saying but yes , so true. Over confidence over practical problems can prove detrimental.Students are encouraged to keep solving and practising problems though they are good at it. This will help them to retain the mastery they have achieved.

Wishing all the students appearing for CA Exams -All the very Best and Good Luck !!! Between the study period do enjoy the festive season - Wishing you and your family members a very Happy and Prosperous Diwali.

CA Aseema Dake Kulkarni
CA , MCM , DISA (ICAI) and Cert (IFRS)