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Ca final preparation

Shilpa Baid (Article and CA Final) (157 Points)

22 August 2013

Members

May 2015 is my attempt for CA Final..
I want to score high in SFM, Accounts and ISCA as want to make ma Career in Finance

Help me in taking decision as

1.can i start my classes from now or further wait for any changes in syllabus?
2. with Ca how can i add value to my career with other certificate course?
3. which skills i need to improve for my Career n Articleship?

Have a Nice Day...

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21 Replies

Ankit (CA, CS) (3064 Points)
Replied 22 August 2013

Dear Shilpa,

You can start now itself..why wait till the last moment…

For SFM you should refer to a A N Shridhar’s Book, which will help you clear your concepts.

You can either do CFA or CS as well. Since you want to make a career in finance, CS is also a good choice since then, you will have knowledge on both the fronts financial as well as legal

But incase you want to go for short time certificate courses, you can choose NCFM certification Courses

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Shilpa Baid (Article and CA Final) (157 Points)
Replied 22 August 2013

Hello Ankit
Thanks for your Reply Dear

SFM : I want to join ETEN class for Rajiv singh Sir in the upcoming Batch..
can you advice on how this subject is? like techniques for scoring marks and Way of preparation..

NCFM: How much duration and cost is involved here and one more question plzz tell me..
as my Training period is to be completed after 2 years... so is it regular course or only enrollment and examination is needed only

Thanks for your valuable time and advice

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sidhant saha (prop) (1394 Points)
Replied 22 August 2013

As there is change in isca , idt and law it is better to take this subjects later on .you can join cost ,sfm and accounts

sidhant saha (prop) (1394 Points)
Replied 22 August 2013

Before start preparation (Do the following exercise without fail) 1. Plan mentally: - Accounts and Costing and SFM papers seems to be highly practical impact with today scenario. Mentally prepared for surprise, real time and twisting questions. So, plan mentally to handle such questions during your exam. 2. Classification of most and least relevant segment: -Take either Padhuka or scanner for this purpose. See the maximum mark topic and least mark topic. In November exam, particular topic will be more mark and never ask for May and vice versa. 3. Frame a check list of FAQ in the past exam with the help of scanners (Some question may 5 times repeat some). Take a paper, extract such details. SFM capital budegeting, Lease etc fall in this group During preparation (Do the following exercise without fail ) 1. Good and effective preparation( FAQ and relevant area) Costing and SFM, concepts play a good role, Read the concepts from the basic theory. Understand the concepts. Solve the problems with out refereeing to the solution part. Allow you to commit the mistake freely. Note it down in a work book regarding the area who had committed the mistake and the reason for committing the same. Do the exercise part. Read the problem>>Understand the concept>>highlight the Figures>>Solve the problems without referring the solutions. For Accounting good idea of entry formation is required for I P C C and for final good conceptual clarity is required. Take care the AS aspect also. Operational research segment warrant your mathematical ability. 2. Good revision plan The area learned particular day (Sunday) must be revised Wednesday without fail.You are not required to do whole the problems rather one problems which may affect all the segment is more than enough. 3. Keep a work book:- Note down your daily target and issues in a Work book Or Scheduler. Monitor the same closely and rectify without failure. This activity should be done Regular basis. 4. Reference book and scanners and suggested answers in tandem. This will give you a full bird eye view. Start with reference book, solve the problems as suggested in the above methods. Then comes to the past exam question. Understand the practical exam question pattern, solve that without referring the solutions. This will improve your potential to the exam 5. Give extra care to the theory segment, some time the theory part may be boring or lengthy. Open a new note book for this purpose. 6. Take the list of FAQ (Frequently asked ) of theory for the exam. See the repetition frequency with the help of scanner. 7. Study with full concentration. Study according to your biological clock. 8. Quantitative technique require a good mathematical back ground. Solve more problems from this segment. I hope this is a scoring segment when compared the same with costing. 9. Those who studying Padhuka, solve the illustration with the help of concepts, never look the solution and come back with the exercise ( Both for costing and QT segment). 10. Never add any thing new during the last 15 days before exam, rather focusing on what already learned. During exam ( Do the following ) 1. Some time your exam question may be lengthy and tough also. Never be panic or over excited. Both are harmful. Control you emotion to a normal level. 2. Read all the question without fail. Highlight theimportant points and figures as well. This point will catch your special attention at the time you are solving the questions. This will help you to extract the relevant points from the lengthy questions. Better use pen to highlight rather than a highlighter. 3. Adopt a good time management strategies. Allocate a maximum time for all the questions. Try to finish it within the time. 5. Good presentation for your exam: - a) Working notes play a good role. If you arrived at any calculation by applying some logic, give the same thing as working notes. This will enable the examiner to judge your answer. b) Present your answer in Good and readable format Write the answer in a readable format with good drawing. But never spend more time for beautification of drawings. This beautification can because you trouble. c) Classification of exam time Classify your total time in to two based on the hardness of your questions. First half can be called normal time and second half is called a strategic time. (In cricket you can compare it with power play). Start with easy questions (practical) and theory questions first (Normal time) and leave the toughest questions to Strategic time. d) Partial solving of the problems partial attending the questions and finish it at later: - If the flow of the question broke at this time, leave that question, attend other question, if that also broke attend other questions. Proceed in this manner. Come back with these partially attended questions, try to finish it. e) Attending Full questions without fail try to attend the question that you may be even not know well or not prepared.100% attending all the questions. 6) Mark distributions:_ Accounts papers, Costing and SFM carries step marks. If the final answer got wrong but you had done good with all your steps that can help you to clear the exam with good mark. 7) Never compare the answer of your friends.

sidhant saha (prop) (1394 Points)
Replied 22 August 2013

Audit andsfm summary

Attached File : 719638 1222469 audit sfa.zip downloaded: 497 times

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sidhant saha (prop) (1394 Points)
Replied 22 August 2013

Tips for Preparing Ca Final Group 1

Attached File : 719638 1222484 how to focus on ist gruop.doc downloaded: 498 times

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Shilpa Baid (Article and CA Final) (157 Points)
Replied 22 August 2013

Sidhant This is really awesome Actually i Got what i am here looking for Thanks a lot Budy

2 Like

Ankit (CA, CS) (3064 Points)
Replied 22 August 2013

Shilpa,

have also sent you a Pvt. Msg...Pls have a look

sidhant saha (prop) (1394 Points)
Replied 22 August 2013

Aditya jain theory booklet

Attached File : 719638 1222513 ca final sfm mafa ca aaditya jain document.pdf downloaded: 410 times

sidhant saha (prop) (1394 Points)
Replied 22 August 2013

surbhi bansal notes

Attached File : 719638 1222514 hand written notes of surbhi bansal mam1.pdf downloaded: 310 times

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mukesh (accountant) (21 Points)
Replied 22 August 2013

Dear Shilpa...

Rajiv singh se class mat lena.. tumhe kuch anhi samajh aaega...

Its my personal experience

Yogi Jani (Student) (73 Points)
Replied 25 August 2013

For NCFM modules, I suggest to check CFP(Certified Financial Planner) course from FPSB India https://www.fpsbindia.org/

in CFP, some concepts are even more advanced than our SFM subject in CA Final.
I am sure you will also admit this if you go through those concepts.

and the beauty of this course is, in exams, you are allowed to use MS Excel( Open office software) which reduces arithmetical exercises and we can focus only on concepts...

In last CA Final - May'2013, in SFM paper there were some questions Q.2(a), Q.2(b) which involved unnecessary calculations repeatedly which consumes more time.

so, if we are provided with MS Excell like CFP exams, we can focus on delivering only conceptual clarity rather than unnecessary time wasting in 10th standard mathematics-multiplications, divisions, average etc.
and I know very well that this is impossible...

Thank you all...
All the best...

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