by ratta i did not mean word by word learning... priyam is right... bt then there are certain examiners who do not bother to find out the meaning, they merely see the important words matching in the suggested ans and the answer sheeta nd give marks
but except for accounts costing and FM, all 5 others subjects ie DT IDT law audit and isca are meant to be learnt. there cannot be any understanding in those subjects... that forms about 62% of ca final
if there is a law u ve to learn it and follow it, nothin to understand in it.
if anyone has done audit in a big4 then its ok but otherwise the latest SAs and audit procedures are bouncer for anyone whos done dummy or even in small firm. so again ve to learn there
isca i dont need to say anything. its complete bullsh*t. there yes u ve to do total ratta word by word. the more u stick to module language the more ul score.
also in last attempt there was 30 marks of pure theory in costing which was also to be learnt. they asked theory on OR topics also where usually sums are asked
also OR is such an outdated topic. everything is done by computers today. so taht is another topic where ppl ve to learn the steps coz even if u try to understand the OR methods, there is no time in the exam to apply ur mind. as soon as u get the paper, start solvin. no time to stop and think.
plus Acc Stds, the disclosure part and presentation part has to be learnt.
in FM, there is zero learning and 110% application and understanding, but the way icai has prepared the module, and the way they put the exam questions, hardly any students feel the need to understand the economics behind topics such as forex or derivatives. they merely learn rules and apply them to sums in exams and pass. therefore more learning comes in
thats why i said learning is important. maybe my proportion was wrong. but definitely, ca final is atleast 70-75 learning and 25-30 understanding... im nt supporting learning but its a fact taht the way icai has framed its syllabus and exam papers, ppl with more memory clear better than ppl with intelligence.
if anyone really wants to see how non ratta papers are set, please see CFA USA papers. there they dont expect u to learn a single formulae...everythin is conceptual.
yes it will lead to problems in ur future career if u jus learn bt to pass the exam it is important