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Sfm is troubling me

mannie.91 (ca final) (233 Points)

05 February 2015

got only 40! though exam went good.. how to study for sfm !?!? please help

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(Guest)

Assumption : You have done full syllabus atleast once.

Books to be followed : Practice Manual, Latest RTP + Past 3 RTPs, Latest MTP+ Past3 MTPs.

Solve every Question BY HAND.

Remember, till the time you will not solve the questions by hand, your score will always be in 40-50.

Strategy :

1. Complete the Theory. Q7 will always be a theory Question. Only Past years Questions will come.

2.Now start with Short and Easy Chapters : Dividend Policy>Valuation of Business and Merger and Acquisition> Lease Decisions>Financial Policy and Corporate strategy.

3. Now comes The Medium Level Chapters : Capital Budgeting>Capital Market>Fundamental Analysis>Technical Analysis>International Capital Market>Foreign Investments>Money market.

4. The TOP Level Chapters: Forex>Derivatives>Risk and Return>Mutual Funds>Bond Valuation.

5. General Topics : Real Options, General Problems.

These Steps have to be done in This sequence Only.

Good Luck !

I got 64 by this strategy.

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(Guest)

Paper 2 : Advanced Auditing and Professional Ethics

Books : Practice manual + RTP(Latest and Past 3) + MTP(Latest and Past 3)

SA- First do rote learning of SA nos. and there names ( THIS IS MOST IMPORTANT STEP IN AUDIT PREP. ) Then DO PRACTICE MANUAL Chapter on SA. Then do Summary of SA. Download it from Caclubindia.

AS-First do rote learning of AS nos. and their exact names. Then DO PRACTICE MANUAL Chapter on AS from the Financial Reporting PM.

Professional Ethics : First do rote learning of Clause nos. and their names.Then do Practice Manual Chapter.

Amendments : Cover Amendments in Financial Reporting, Audit, Company Law, IDT, DT. Give special attention to amendments indirectly affecting audit aspect.

Also study selectively from your ISCA book : CAAT and other issues, Emerging technologies, and auditor's responsibilities given here and there in all the chapters.

Guidance Notes on Audit and Accounts : Do rote learning of Names. Dont learn the content.

Other Chapters : Study from the Practice Manual only.

IN THE XAM HALL: KEEP qouting SA, AS, relevant add ons learnt from other subjects and try to use words like " Sufficient And Appropriate audit evidence" instead of audit evidence.

TRY TO FLAUNT YOUR KNOWLEDGE ON THE PRACTICAL ISSUES OF AUDITING ASPECTS EXPERIENCED IN THE ARTICLESHIP ( This is not ISCA, where you have to produce the exact content from the study material)

A big % of CA Aspirants have a poor Vocab. You can kill the competition By using Effective and Efficient English.