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Getting overwhelmed

renuka (Student) (480 Points)

31 December 2015

I was just starting with CA Final Accounts. Started with consolidation since it has a high weightage in the exam. But the length of the chapter overwhelms me completely. And that stops me from moving beyond 2 pages. Does anyone have any advice on how to solve this issue because I have pretty much wasted the entire day worrying and procrasting.

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5 Replies

Ankur Singhal (CA Practice) (4470 Points)
Replied 01 January 2016

Dear First move to As and then to other chapters or vive a versa and do the consolidation at last.

as consolidation wightage is only of 16 numbers,and also you have one optional

so focus on rest and do consolidation at last.

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Chandani (Chartered Accountant) (39 Points)
Replied 01 January 2016

Hi Renuka,

First of all, Wish you a very Happy and a Prosperous New Year!!

As per my experience, dont go for Consolidation chapter first, because of two logic: 1) it is time consuming and 2) Every consolidation question is different and difficult to get mastery over, there is a possibility that you may lose confidence, which is not good at all.

First try to solve and get mastery over small chapters but very easy ones like Value Added Statement, Valuation (Shares, brand etc) , Amalgamation (small logical questions). Solve each and every questions of these chapters from Practice Manual and I am sure you will gain confidence and rest becomes easy to achieve. Consolidation wont help you much in gaining marks in exams, but it is important to study!!

All the best, I am sure you will Rock!!

renuka (Student) (480 Points)
Replied 01 January 2016

Thanks a lot for your replies. When I was told that 1 question of 16 marks comes from consolidation I thought it's worth covering. But you are right- other chapters are also important.

Sathish M (Management Accountant) (40581 Points)
Replied 01 January 2016

There is no denying that each and every chapter is important. But, truth is once you are very sure that a question from this chapter is guarantee of appearing in the examination, you need to tweak your strategy a tocuh. Instead of dedicating full time only on this chapter, I would suggest you to dedicate an hour or two every two or three days in a week for this chapter. Whether it is tough or easy you got to present the same in the examination.

Bear in mind, FR is trend setting paper, do not regret saying, wish I had couple more days would have covered topics from Consolidation. I agree with the observations from the above respected learned members too. But, please do not involve in selective studying at CA level examination.

Whether the topic is tough or easy, still you need to cover it right? Hence, take a wise call whether you want to curse yourself sitting in the examination hall saying I made a mistake by postponing one of the most important topics to the last, rather understand and be focussed with your strategy to cover tough portions at the beginning when you know, there are other many more chapter and papers for which you need to toil and devote time. Else it could start diminishing and deter your inner confidence level.

Thus adopt a balanced study plan with mix of easy and tough topics.

Best of luck.

renuka (Student) (480 Points)
Replied 02 January 2016

Thank you Satish for your reply. It's true that the best thing is to cover 100% syllabus in a hplistic manner with a little more emphasis on high-weightage topic.

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