AAS AND SECTION

This query is : Open

ketan (Querist)
Follow

06 September 2010 Hi,
I am gonna give my pcc attempt in nov. 10.

First of all I want to know that what is the importance of writing section no's and related AAS no. and name in audit and law both seperately..

See i dont remember sec no. and also aas but i know them thouroghly and while writing the answers i'll thouroughly explain my judgement in case studies and all the reasons clearly but i'll not write aas and section no. concerned... i'll just write the name of the act and for aas ill write as per the AAS issued by ICAI...

so how much marks will be deducted for nopt writing these if all other things r upto point...

and secondly how much chance i have in achieving rank if i have only half of law completed and 75% of a/cs completed and 25% of audit completed and nothing else done????

pls reply

Ankur Garg

Ankur Garg (Expert)
Follow

06 September 2010
General Points for Exam Preparation

I’d like to share some of the very basic suggestions connected with Exam preparation. As suggested by the title of this rite-up these suggestions are very general in nature and very easy to implement and you may use them for any kind of exam preparation.

I truly believe that it is really indispensable for all of us to follow the basic rules of the game to register a win. Some time we miss the general essentials or principles to succeed in search of something extra-ordinary. So we have to be careful about the same. Sincerely hope that these suggestions would be of some help in your exam preparation.

1. Figure out your mistake or reason for low marks, if any, in the previous Examination and promise yourself to avoid them in your next exam. Believe me only you can do this valuation for yourself…

2. To succeed it is of paramount importance to proceed with a goal and corresponding strategy. So first set your goal and focus accordingly on your Study and Goal. In short if your vision towards your future is not clear then this will only create problems for you. So think about it.

IMPORTANCE OF GROUP STUDY

3. It is high time for us to understand the importance of group study. But there are certain pre-conditions for a successful group study. Accordingly I’d request you to properly plan your study schedule for the day and inform the group members in advance. Finish the entire schedule within the fixed time period.

4. Kindly observe some of my general suggestions:

i.) Never waste your time as time indeed is equal to money in professional examinations.

ii.) Prepare and follow a sound study plan from the very beginning.

iii.) Never hesitate and fully discuss your study related problems with your friends or seniors.

PRESENTATION SKILLS

As per my understanding one of the reason behind recent low marking is lack of concentration in theory paper along with poor presentation and writing skills.

Kindly appreciate Exam pattern is now practical Question based and not flat Question based so presentation and writing skills becomes very important.

For improved presentation and writing skills I would suggest you to refer answer presented in ICAI suggested answers. Careful observation of ICAI suggested answers is very important and can change the entire picture. You may also refer previous exams guidelines answers issued by ICSI to figure out some extra-ordinary presentation skills.

5. Invest your time in Exam oriented discussion. There are two advantage of this activity:

i. You may discuss your problems during such discussions and resolve them quickly in the early stage.
ii. These discussions will also help you to focus on your goal.

4. In examination hall length of answer plays an important role due to time factor. Keep this factor in mind and plan your answer accordingly.

5. Mental strength is very important. So prepare yourself mentally and physically for Examination cum War.

6. Very Important Revision Tips: What you prepare on Monday try and recall it on Tuesday without using books. If you are able to recall 60%-70%, then you are 100% going to succeed in this examination. Again try to recall the same after the gap of 2-3 days.

7. Use abbreviation method. If you have 10 points to remember in a question give them a certain abbreviation and remember that abbreviation. This technique is really very helpful. Just try it.

8. Stay away from Time wasting and unproductive habits. At least during exam times.

9. Prepare a list of questions which you consider tuff or a bit time consuming. Prepare a handout yourself with solution of these questions and give them a reading on regularly basis with a time gap of 2-3 days.

10. Prepare a list of frequently asked questions asked in the previous examinations and practice/revise them properly.

11. Give a little bit time to every subject per day. Try and increase your study time day by day.

12. After a certain time (close to exam) do not add any new topic in your schedule. Just focus on revision-revision and revision.

13. Stop collecting different notes per day. Try and figure out the notes which are relevant for you and support your style of study. Only use them for exam purpose.

14. Take very good care of your health. Consider your health as a subject. Remember if you fail to perform well in this subject you are going to fail.

Best Regards
Ankur Garg

Ankur Garg

Ankur Garg (Expert)
Follow

06 September 2010 Strategy to prepare Audit

QUICK READING APPROACH

First give ICAI audit study a quick reading to understand the depth and figure out the efforts and time required for final preparation. You would appreciate that through this quick reading you would be able to figure out where extra efforts are required in audit subject and plan accordingly.

Make necessary notes or put suggestions or mark strategy for yourself on the study book during first reading. This task helps you to deal with audit subject later on during final preparation. Pre-condition for this first study is --- go ahead for quick study with a completely relax and chilled mind. Your main purpose behind this quick study is observation and formation of a plan to deal with audit.

During first study ride prepare a plan for final preparation. Also use scanner for making the plan. Later on use any good notes to prepare. Remember at this moment you have everything in your mind like what is imp along with basic idea of the topic and chapter.

SPECIAL ATTENTION TO SA AND AS

Also give special attention to SA and AS. Only good knowledge of SA and AS is not enough but you must understand the technique to apply SA and AS in audit practical problems. For this purpose refer ICAI suggested answers and observe the application of SA and AS to the problem. Another benefit of this task is—it also helps you to understand SA and AS in a much better way.

The suggestion above is based on my personal understanding and may easily be rejected or accepted by you. In any case please share your feedback.

All the Best and Regards

Upgrade to CAclubindia Pro. Subscribe Now!

ketan

ketan (Querist)
Follow

06 September 2010 Sir,
Thank you for your great suggestions. They are really helpful.. But my main concern is not planning the studies and my mindset because I have complete confidence in myself....

It's just i DOnt know the mindset of the examiner.. I am saying that i will be right conceptually and in methods of applying different sections and aas/sa's but i wont remember the actual name/no. of the section and aas concerned. So what effect will it have on the marks the examiner is gonna award or what marks he is not gonna award for not writing aas/sa and section no. even if my concept is clear..

so I am opening this query again.. no offence please

Thanks
Regards

ketan

ketan (Querist)
Follow