A five pointer check for some introspection of the result -
1. Did you read the module provided by the Institute ?
Most of the students rely on notes provided and popular books which is not wrong. But the correct approach is to read the module compiled by the Institute first. Many students find it tedious , but then CA exams itself are gruelling in nature so why not take some extra efforts to understand the module. The module is written exceptionally well and completes the whole syllabus in the most logical way without any shortcuts. The approach should be - Module provided by ICAI , Practice manual provided by ICAI , all previous year papers including RTPs and then problems given in books or notes provided.
2. Did you cover the entire syllabus ?
The best part of appearing for a CA exam is forget weightage given to each chapter. Once you become a CA and the client asks you a question , you cannot say that I had put it for option during my exam. CA exams help you to become a true professional. Study the complete syllabus in depth.
3. Did you try applying the theory you learnt practically?
Many students complain that we did not get the relevant exposure. But reading current financial news , annual report of companies (supposedly the best way to understand accounting standards) , listening to speakers who are stalwarts on the subject is also an ideal way to gain exposure which need not be provided by an outsider. (During my teaching tenure I have seen many students clueless about concepts like Other Comprehensive Income or Non -Controlling Interest though they have studied Advanced Accounting. The various resources mentioned above will give you the required edge.)
4. Did you attempt all the questions in the paper ?
A student should try and attempt all the questions in the paper. The other questions help to overcome a badly attempted question from the view point of the examiner as opposed to the students view point of a very good attempt done. A small error can also get magnified if the basic understanding of a question was wrong. So it is better to attempt all the questions so that chances of such situations can be balanced.
5. Did you discuss the earlier paper with peers when you had exam on the next day ?
In a CA exam , discussing the answers after the paper can be detrimental for the next day's paper. Reason being that you have given your best shot and then discussing the paper is simply demoralising you for the next day's paper. Also the difficulty level for CA exam questions is bound to be more and chances are that at some places you might have gone wrong. But then your approach to the problem might be correct helping you to score marks. By discussing it with peers, who also have only attempted it , you cannot be sure that their answers are correct.
I would like to end the five pointer list with a powerful quote - "If a man empties his purse into his head , no man can take it away from him. An investment in knowledge always pays the best interest" Benjamin Franklin.
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Great!
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