CA Ravi sisodia
GREAT PERSON AND TOP EXPERT OF CCI...THANKS
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 18 February 2011
CA Ravi sisodia
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 18 February 2011
CA CS* Prakash Somani (A helping Hand)
Tips to Prepare for COSTING ( PCC IPCC & CA Final )
Prepared by : CA Prakash Somani (CA, B.Com, NCFM (CMDM), Pursuing CS)
1. I would very much suggest referring modules as they are very good in this subject.
2. Very important question in this subject is Whether one should first answer the compulsory Q and then other optional?? It is difficult to say about it but I suggest to go for the compulsory question first as it would make good impression over examiners mentality. Note: If you are not at all good in solving compulsory Q then avoid answering it first.
3. The main marking is at theory part so be prepared accordingly you can refer past year Q pattern and read the chapters which are more important like Marginal Costing etc.
4. Read the question carefully before answering. If you have less time then do the question s of small size first otherwise your lot of time will be wasted in reading question only.
5. You must know the question pattern in this subject as my time the pattern was completely changed so we face lot of diff’s. I don’t want the same to happen with so prepare yourself with all topics and never keep any chapter or topic optional.
6. Reference book which I suggest is Paduka / Saxena & Vashist with modules.
7. You can not better understand costing unless your concepts are clear.
8. At exam times many students stop solving practicle questions as they consume lot of time to solve. I suggest to solve few questions of each type otherwise it will be difficult to gain confidence in exams.
9. Generally students got frightened by the question size, never do it as the questions in costing are this type only. The solution of this type of questions is to write down important data with summary at last page of your answer sheet while reading the question, in that way you can recover the big question very easily and in time effective manner.
10. The presentation in exams is very important in this subject so you should avoid corrections.
11. Before answering any question you need to make a rough solution in your mind and then go accordingly.
12. Never make hurry in this subject as one mistake may spoil your answer completely.
13. Generally question paper go into 8-10 pages in this subject but don’t afraid as CA Inst is just frightening you by the size of paper.
14. You have to do lot of home work then only you can excel in presentation part of this subject.
15. Write down the type of problems you are facing repeatedly and work on that. As it is very important to come out of your weaknesses. Also useful in your long term future too.
16. OR part is very interesting and here you can score well but normally I see that students are taking this for granted… I suggest don’t do it because sometimes overconfidence can result into loose marking or complete failure.
17. Never hesitate to get help from your peers or study mates not even me i.e. keep your egos behind you. I am sure you got this point. If it is not applicable to you well and good.
18. Generally in these subjects you will not get amendments very frequently so no need to worry for amendments and all.
Common Tips for all Subjects:
19. Revision has to be done by keeping the outline of the chapters. This will make you go through them quick and easy.
20. Take short breaks and study. Without break you can not get more output from your studies.
21. It is not important how many hours you study; it is more important how well you have studied.
22. Time yourself while you are studying. It's essential that you finish one chapter and take 5 minutes break to do anything of your hobby to make you fresh (Listen Music)
23. Talk less to keep only specific thoughts in your mind as during exam time “less you talk and more you walk” will keep you charge.
24. Don't keep your queries pending, solve them immediately (you can ask me J through www.psomani.caclubindia.com ).
25. Reward yourself with an ice-cream or a brief outing after a good day's work. (Most liked by Members)
KEEP THE FLAME ALIVE
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 18 February 2011
EXAM PREPARATION TIPS
For many people, exam time is the most stressful part. With so much riding on the outcome, there can be a high degree of pressure to perform well. Here are some exam preparation tips to help you.
Getting Started
The earlier you start, the more time you will have to prepare for the exam. You don't have to wait until exam time approaches; try to set the stage from the beginning of the course by reviewing the material. By starting early and studying on a regular basis, you will have a better opportunity to absorb the information and life will be a lot easier when it's time to put it all together for the exam.
Make sure all of your course material is well organized so you can find and fill any gaps. If you miss any classes, get the notes from your friends right away instead of scrambling at the last minute. Proper organization will help you to get a better picture of the material that has to be covered and improve the flow of the study process.
Creating a Study Plan
As the exam nears, you will need to create a plan to help you study effectively and minimize stress. The first step is to figure out how much time and effort you must dedicate to studying for the exam by asking the following questions:
To prepare the study plan, map out all of the material that has to be covered and make a schedule showing what, when and how much you will study each day. If you have kept up with the course work, studying will involve revision of the material that you have already covered. If you are behind in the course, you will have to finish the readings and other uncompleted work before starting the revision (if there isn't enough time to go over everything, you must decide what is most important for the exam).
Here are some tips to follow in creating your study plan:
Studying for the Exam
You are now armed with a plan and ready to start studying for the exam. Try to study in a location where you can concentrate and won't be interrupted. You can work with others or join a study group if you find it helpful, but be careful to keep it from turning into an inefficient use of your time. Some proven study tools and techniques are listed below - people respond to different learning styles, so use what works for you.
Revising with Summary Notes
Make a condensed version of your readings and class notes by creating summary notes. Pinpoint the key terms and concepts and make sure that you understand them. You can identify key terms and concepts by paying attention to what has been emphasized in your classes, textbooks and course syllabus. For example, if a particular topic has taken up a lot of time in the classroom, it is more likely to be on the exam and you should have a good understanding of it.
The process of making summary notes can help you to retain more information. By writing the information thoughtfully instead of just seeing it, you can develop a greater perception of the material. To take this further, activate your other senses: you can recite the summary notes aloud, and even record and listen to them.
Memorizing with Flashcards
Flashcards (or "index cards") are a good memorization tool. Reduce your summary notes into bullet points, keywords, lists, formulas and diagrams and place them onto a card for each topic. (Some people like to use flaashcards to prepare their summary notes in the first place, while others find that it leads to information overload.)
The items on the flaashcards act as memory triggers. By memorizing the flaashcards you can enhance your ability to recall larger bits of information referenced by the triggers. You can carry the cards with you and review them even when you have only short bursts of time available.
Practicing under Exam Conditions
Knowing the course material is necessary but not sufficient to guarantee success on the exam - you also need to be able to communicate the answers effectively under exam conditions. Practice using sample questions in the same format as the exam and answer them in a simulated test environment. The sample questions can be sourced from old exams and assignments, which are often similar from year to year with small changes. Even though you are only practicing, it is better to write full answers to the questions so you can work through the entire thought process.
The practice session should serve as a feedback loop. Check the answers to the practice questions to diagnose your strengths and weaknesses. If you are weak in an area, go back and study it further to address any gaps.
Taking Care of Yourself
Don't forget to take care of yourself during the exam preparation. It is very important to be in good mental and physical condition for the exam. A small amount of stress can get you psyched, but too much mental or physical strain can be detrimental to your performance. The last thing you want to do is to sabotage your efforts by ignoring your well-being.
After you finish studying, take some time to relax. Don't stay up too late if you can help it and try to get a good night's sleep. Eat before the exam to build your energy, but avoid heavy foods that can make you drowsy.
Keep a positive attitude about the exam. Think of it as a way to demonstrate your knowledge and not as some imposing challenge. Go to the exam focused and relaxed - you have done the work, now it's time to reap the rewards.
“KEEP THE FLAME ALIVE” “LET THE KNOWLEDGE SPREAD THE WINGS”
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 18 February 2011
Tips to Prepare for LAW ( IPCC & CA Final )
Prepared by : CA Prakash Somani (CA, B.Com, NCFM (CMDM), Pursuing CS)
1. I would not suggest referring modules in Law as they are old and expired many times.
2. Many times you are afraid of how to remember Section no’s and all … I suggest you no need to remember all sections only fundamental sections are enough to remember. The most important thing is what is inside sections.
3. Refer a good book like I suggest Munish Bhandari & GK Kapoor.
4. It would be difficult to write the way modules are written but it is very much advisable in this subject. You can practice at home.
5. Refer only one book as more then one will create lot of confusions.
6. You can not write anything in this subject else you know the law i.e. No “tukka maro pravati“ in this subject.
7. Slogan funda’s will not work here and I suggest you not to try out slogans in Law.
8. Prepare a list of important sections and stick to your study board and revise it as many times (Proved 100% successful). Make a Chart of Section serially.
9. Your “rutta pravati” may work here as there is no concept in remembering sections.
10. This is very interesting subject for those who are interested into but for those who feel it difficult to handle I suggest to use way to which they are comfortable. Just remember “you can Do It”
11. Remember one thing bol bol ke padhna bhi fayada karta he but not when someone else is getting disturbed from it.
12. Refer suggested answers or scanners to know the trend in exam i.e. which chapter is more important and which is less, you can even read in that order.
13. Understand how to answer questions based on Case Studies. Take reference guide from previous attempts answer patterns.
14. Complete a particular topic and try to solve past year question on that topic without help of books.
15. Keep some pages blank in your register after completion of each topic, put updates and other clarifications which may come afterward in your mind.
16. Remember the latest case laws and amendments as there are very much chances that examiner will ask question on that.
17. Check the pattern of question paper, instructions. Are there any changes? It's essential that you are aware of the paper style
18. Make sure that all your notes are arranged systematically.
19. Revision has to be done by keeping the outline of the chapters. This will make you go through them quick and easy.
20. Take short breaks and study. Without break you can not get more output from your studies.
21. It is not important how many hours you study; it is more important how well you have studied.
22. Time yourself while you are studying. It's essential that you finish one chapter and take 5 minutes break to do anything of your hobby to make you fresh (Listen Music)
23. Talk less to keep only specific thoughts in your mind as during exam time less you talk and more you walk will keep you charge.
24. Don't keep your queries pending, solve them immediately (you can ask me J through www.psomani.caclubindia.com ).
25. Reward yourself with an ice-cream or a brief outing after a good day's work.
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 18 February 2011
ips to Prepare for Audit ( IPCC & CA Final )
Prepared by : CA Prakash Somani (CA, B.Com, NCFM (CMDM), Pursuing CS)
1. Don’t go by size of modules, they are easy to read
2. While different peoples' learning styles will vary, it is generally most effective to go by your reading speed and never follow or compete with anyone atleast in theory.
3. Refer a good book like Prakhar Sharma/Paduka/ V.K Agrawal Note: (MP Vijay Kumar can be used for AS reference)
4. Examiner will not ask direct Q on AAS so your concept should clear with AAS else you will loose. You may also remember latest AAS
5. Your articleship training will give you practical experience of whatever in the book itself
6. If possible try to write the way module is written, believe me its easy (Indirect method is used in Modules)
7. It wont be possible to read whole Module in exams so be ready with one reference books
8. Refer only one book and never suggest anything new nearto or during exams
9. Professional ethics are to be read carefully as it has weighted of 15-20 marks. Remember their numbers and also to which part they belongs
10. CARO Report and their number should also be remembered, better to prepare slogan (You can get it from me)
11. Stick AAS and CARO Point before your study table for better remembrance
12. It’s a theory subject so better to take one practical subject also i.e. combine interesting and boring subjects during revision. This will keep your level of concentration in tact. ( Refer Point 23)
13. Prepare notes of whatever you are feeling tough to grasp and revise them
14. If there are many points to a particular Q then prepare a slogan suitable for you (It is the best way to cope with bulk points)
15. Refer suggested answers or scanners to know the trend in exam i.e. which chapter is more important and which is less, you can even read in that order also
16. Its not possible to follow “ ratta maro pravati “ here in Audit as it is very large for this
17. Understand how to answer questions based on Case Studies. Take reference guide from previous attempts answer patterns
18. Try out Case Study after having finished each Chapter
19. Think of as many problem as you can and try to solve the same (Only if you have sufficient time)
20. Remember the latest case laws on audit as there are very much chances that examiner will ask question on that
21. Check the pattern of question paper, instructions. Are there any changes? It's essential that you are aware of the paper style
22. Make sure that all your notes are arranged systematically. This is particularly important for the revision of your theory subjects
23. Start revising from the chapters you know the best followed by difficult chapters ( Also refer Point 12)
24. Revision has to be done by keeping the outline of the chapters. This will make you go through them quick and easy
25. Take short breaks and study. Without break you can not get more output from your studies
26. It is not important how many hours you study; it is more important how well you have studied
27. Time yourself while you are studying. It's essential that you study for an hour and take 5 minutes break to do anything of your hobby to make you fresh.
28. Don't keep your queries pending, solve them immediately (you can ask me J through www.psomani.caclubindia.com ).
29. Recent Amendments should also be keep on your priority list.
30. Reward yourself with an ice-cream or a brief outing after a good day's work.
31. Give Thanks to the writer for his efforts to make this available to you J.
CARO Slogan: (Need only 5 readings for CARO (21 points))
Fixed Inventory Loan on Internal Register of Public deposit for Internal Audit & Cost Records with Statutory dues are
accumulated with financial institution dues in the way of loan on shares and chit fund so that trading in shares can
guaranteed for term loans for short & long term in preferential allotment of charges for end use in fraud
Sathiya Narayanan
(CA-Final & CS-Exec Student)
(614 Points)
Replied 18 February 2011
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 18 February 2011
CA SURENDRA KUMAR RAKHECHA
**Presented By – CA Surendra KumarRakhecha**
Specially written for caclubindia users.
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 18 February 2011
Specially written for caclubindia users.
The question-answer session was as under :
Question Answer
1. What is your major drawback : Lack of Concentration, Sir !
2. Why : ??
(to know this; I have come here)
3. (From reaction of Q 2)-
I asked - because you think that
you have already read all the
materials : Yes
4. (Noting the misconception)-
Do you think that you are good in DT: No
5. (Judging his genuineness)-
a. Do you have any bike : Yes
b. When you learned riding,
were you confident in a week? : Yes, but……no....in a month, I think...
c. Whether learning was interesting : Yes, of course !
d. When you learned it well; then I
think the Riding became boring : No… it became more interesting.
e. Why : ?? .. You know.. it is interesting !
(Why you ask such question?)
f. Do you agree that learning is
interesting whatever is the area : Ya
g. Do you learn while you read : ?? Can’t say….but may be…
h. You read subjects because these : Ya
are in the syllabus (What a foolish question?)
i. It means whatever you read; : Something we learn….
there is no learning (here “we” represents all CA students?)
j. Do you think – that “something”
is enough to pass : ??
(Neither yes nor no)
k. (Looking to his weight, I presumed)
In how many activities you participated
in your school/college days : ??
(Not Applicable to me, see my weight !)
l. Say subjectwise marks you scored : Not sure, but sure that these are poor.
(Lack of concentration proved-See Q 1 !)
m. Give me your last Roll No. : 16yz3
(so that I can check on net)
n. I checked; but Name was different : …………..(loss of memory for time being)
(although Roll No. was correct
which he told-he verified also)
o. I asked – It is not yours, then? : Sir, try 16zy3
p. I tried : and the attempt was successful !
q. These are the marks
scored by you : Ya, (consistently 30 to 35)
(in all the subjects, all the time!)
r. Do you come from English Medium? : Ya
(very fluent in English!)
s. Where do you live : ( Replied )
t. How many members are there : Only 3
(idiot question !)
u. Do you have friends who are
pursuing CA : No
v. Do you use internet : Ya
w. Which sites : ….just for chatting !
x. Do you know caclubindia : No
(My club is different – it’s different !)
Although full alphabets were not covered in the questionnaire, but I concluded that the letters “yz” have been properly covered when I asked his Roll No. (See point number o above).
Not a single point was there where I could give him some marks ( although I am liberal, you can presume - from my above statement) Can readers tell me now where was he lacking ?
Try yourself in all the above questions and note down your study patterns to discuss it in length with your friend circle…………...
If we take the above questions as asked in an Examination, we will conclude that mostly he has given correct answers.
Fully Correct : 1, 3, 5 (a, b, c, d, f, h, l, o, p, q, r, s, t, u, v, w)
(Yes is treated as a correct answer)
Wrong : 4, 5 ( i, m)
(No is treated as a wrong answer)
Not Knowing : 2, 5 (e, g, j, k, n, x)
(?? .is considered as left unattempted)
(Readers are free to make any type of analysis…..but, I am sure that the result would be one and same).
On the above analysis; I ask one question; whether he should be declared successful merely because he has given most of the answers correct one and rest can be ignored…….
Sixer on Last Ball !
After a live discussion as above; although he we was confident because he realized his mistakes. He supposed to ask me so many questions when he came, but unfortunately he was caught and forced to give answers which he always disliked – already harassed by the institute to ask such silly questions !.
|
Moral : |
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 18 February 2011
Rahul Bansal
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 18 February 2011
Kashish Grover
( CA-FINAL, CS-FINAL)
(1671 Points)
Replied 18 February 2011
BALU JI ,, PLEASE COMPILE FOR CA FINAL ALSO !!!
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 18 February 2011
Hardik Dave
(IPCC and CS Professional(FINAL) Student)
(15533 Points)
Replied 18 February 2011
CS LLB Pulkit Gupta
(https://www.facebook.com/pages/Life-and-Promises/553962034682487)
(16631 Points)
Replied 18 February 2011
Very useful stuff...