Ranjini.V (CA Student) (141 Points)
16 May 2008I am final student to appear for exams this november. Can you please help the areas where more concentration has to be given in each subject to score as much marks as possible in the exams. This information would be useful to all my friends and ca students appearing for exams this november..
Thank you.....
Ranjini
Balaji Sarangarajan
(MBA & (CA Final))
(1131 Points)
Replied 17 May 2008
Hi ranjani
I am also appearing in this november exam for both groups & i am presently working in muscat. If you get the information pls forward me also, so that it will be very useful for me to prepare on my own.
thanks in advance.
Balaji
MANU
(CA)
(102 Points)
Replied 17 May 2008
Balaji Sarangarajan
(MBA & (CA Final))
(1131 Points)
Replied 18 May 2008
Hi Anu
Thanks for giving the important chapters in group 1.
what are the important chapters in group 2.
thanks in advance.
Regds
Balaji
Sujatha Chandrasekaran
(student)
(92 Points)
Replied 19 May 2008
Hara Aum
I'll try to give the must read chaps for all subjects to the best of my knowledge.. One is for sure if you had not started your preparations yet its high time you do. OK lets come to the subjects..
Advanced Accounting--- In CFS concentrate more on basic adjustments like mutual owing, all sort of classifications and subsequent purchase of shares to name few before you go for cross holding and other adjustments with respect to AS23 and AS27.. From Amalgamation you will get one question. you must be familiar with this from PEII level.. AS is gaining much importance covering good amount of marks in past two exams. application oriented preparation is required. AS 2,5,9,10,11,12,16,18,19,20,25,28,29 are very much application based. theory carry 10 to 16 marks..As for as valuation is concerned you to solve problems by identifiying what is required. In exams sum will be simple but identifying the type becomes difficult so focus there. past questions will do for major portions..go through theory too from them.
MAFA-- Capital Budgeting,IFM,CAPM cover 60% marks. Mergers and Acquisition,Dividend policy,Bond Valuation comes second.. If you are comfortable with Derivatives go for the basics if not you can very well leave that and do the rest as you have got choice.Theory comes for 10 to 25 marks give equal importance. Go by compilation.
AUDITING--compulsory to thorough Professional Ethics AAS AS CARO Company Audits. Special aspect audit comes next. for the former go through compilation to have good understanding on their practical implications as for exams questions are generally on case studies.For Spl aspect audit and other small small topics go by compilations.. Its only repeated questions.. you can very well leave Insurance and Banking..
Law--You have three compulsory questions with internal choice of 2/3 .first 2 from SCRA 1 from Companies Act. second 2 from SEBI Act and Guidelines one from Interpretation of statute. third 2 from FEMA 1 from competition Act.
You cannot afford to miss small topics As it is compulsory. General rules like powers appealing procedures are common for FEMA SCRA and to certain extent Competition Act so have written notes for it for easy reference.Though SEBI guidelines is dry questions are direct and cover 10 to 16 marks. DON'T SKIP THIS CHAPTER.
In Companies Act Section 274,293,295,297,300,301,314,are to be read at one sitting to have clear understanding on their implication interse. Directors including M.D, managerial remuneration covers vital points. Meeting is another one. You need to prepare notes to have quick go through during exams else time will be sucked by these topics.
producer company, Amalgamation Reconstruction, Compromise and arrangement, Inspection,Sole Selling Agent,Winding Up are all other important things which in individual case come for 8 to 10 marks.
Try to brush thru past questions with suggested answers as it helps you to fine tune the writing pattern. more over this paper always a70% cut copy paste of past attempts
COSTING-- Standard Costing minimum 10 marks. Marginal coasting with decision making is very important and you need have conceptual knowledge on the subtle issues else it wont serve the purpose even if you solve 100 problems..of course this holds good for all subjects.. relevant costing and transfer pricing will be asked in basic level requiring intricate application.
Strategic Management like JIT,TQM,Pricing,Target Costing,Value Chain Analysis,Life Cycle are all important for theories may ask some basic application so have good understanding.. remember past questions are not repeated in general. so for theory go in for all combinations as it covers 15 to 30 marks.. at least go for all RTPs and past 15 attempts papers to get a fair idea
In O.R. transportation and assignment are asked in alternative attempts so fine tune the most expected. Network analysis with or without PERT and LPP are definite.next in order comes learning curve and simulation.. you have got choice so if you are not comfy with learning curve you can skip it.Do go thru compilation.. Its very useful.
MICS-- Its the scoring paper if you plan and revise properly.. Its not as easy to reproduce the contents as we normally think on giving a reading over various chapters. not to scare you people but its in our hand to score good marks in this paper.
Chapter 6 to 10 on systems cover 40 to 50 marks.read it continuously to have good grip over chapters. then read Chapter 11 till end..this you can read in any order as they are individual topics. can even skip chap 11 if you are not comfy knowing you will lose one choice question to choose from.
Chap 1to 5 can be read fast and its interesting too so read it last. prepare notes to have quick and repeated revision.
We have got one MICS share file a very good revision notes beautifully compiled. download that.
From the past trend the questions asked in the previous attempt is not asked in very next attempt. so if you analyse that you can skip those portions which saves 30% of your time.. If i prepare one will share that.
DT-- 100% preparation required. First comes Assessment Procedures IT Authorities Appeals Revisions Settlement Commission Search and seizure Penalties Prosecution.. need to know the interlinks and common areas as the question combines all the above topics.. Make notes for repeated revision...TDS TCS comes next.
Then comes PGBP and C.G. go thru case studies.. Then MAT and spl issues applicable to companies.
Next comes Provisions applicable for Non Residents. read it in combination with all relevant Chapters.
Rest are PEII portions which you need to finish in an Hour or so during Exams meaning it has no significance in final but you have to go thru to have grip on application of various provisions..prepare notes to save time..
NO problem oriented questions for more than 15 marks.. All are application oriented case studies.. so read recent Amendments and case laws...
IDT-- Beautiful subject to score marks..
EXCISE-- 40 marks.CENVAT, valuation, classifications and their case laws are important. SSI, Warehousing, imports, and rest form 10 to 14 marks of 40.
CUSTOMS--35 marks. Classification,valuation, importation and exportation are important. good memory on definitions and their scope and subtle understanding on applicability and non applicability of drawbacks baggages etc will be helpful to answer small case studies..
Common topics are Appeals Revisions Settlement Commission Search and seizure returns due date which are important.. don't omit 11A B C D AB BB.... and corresponding sections in customs...If you make notes on these common chapters you need not read it twice..
SERVICE TAX-- 15 MARKS. 33 SERVICES note points like areas for which such service definition don't apply and scope of each services.. abatement if any..
Exemptions and applicability of tax for service rendered outside India or Received from foreign country.. Returns due dates are important...
To my knowledge and my understanding I've given this small insight... Take them if found useful.. Best wishes...
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
