September 2010 I The Chartered Accountant Student
Message From TheChairman,Board of Studies
EXAMINATION TIPSDear Students,
The examination system of theInstitute is one of the best systemsin India and it has maintained very high standards of
integrity, confidentiality and creditability
over theyears. It seeks to test the multifaceted knowledge whicha chartered accountant is expected to possess. To achievesuccess
you have to approach the examination with apositive attitude
.I am sure you would have alreadystarted your preparations for the November examinationwith some plans. Here, I have penned down the strategyto clear the examinations based on my experience of somany years which may be of help to you:
Read Study Material thoroughly
:The studymaterials would help you to develop a strongconceptual base. They give you the parameterswithin which you have to study. Make it a habit of going through them thoroughly as these will enableyou to understand the basic concepts of the subjectsand develop your ability in understanding thedifferent concepts and their applications. Apart fromthe study material,
do refer to at least one standardtext book
and solve all the illustrations and problemstherein. This will further build your conceptualclarity of a particular subject and strengthen yourproblem solving skills.
Practice and Practice
:Practice makes a man perfect.Therefore, I suggest that you practicse as much aspossible. Here I would like to mention that manystudents start practising from various books without
first understanding the subject and the conceptsinvolved
.This approach is absolutely wrong. Youneed to first make your base, understand theconcepts and then start practising.
brought out by theInstitute will be of a great help:
The Practice Manual for each subject
Suggested Answers, Compilations
Revisionary Test Papers for last few attemptsThe more you practice, the better engraved will beconcepts in your mind.
Don’t indulge in Selective Studies
:No portion of the syllabus is less important and leaving any portioncould be fatal
Make goals: long term, medium term and shortterm and stick to them
Make a time table depending upon your aptitudeand the time available
Keep regular hours of study
Do not spent time on making notes
Cut out disturbing factors like television,internet, mobile phones etc.
Take short breaks after each hour of study
Revise and Review
:It is important to study thereading material at least 3 to 4 times.This wouldinclude:
:This will be more like
to gain overview
:This will be in depth studywhere concepts emerge
:This will be very intensivereading to fully understand the concept and tounderline important points to be revised on examday i.e.
Take Practical Training seriously
:Many astudents take practical training to be aburdensome job. Practical knowledge is a mustfor success in exam
Visit Institute’s Website:
Make it a habit of visiting The ICAI’s website. It contains all theeducational inputs of the Board of Studies likelatest study materials, suggested answers, RTPs,supplementary study materials, notifications etc.It also contains announcements like relevant listof publications, Accounting Standards andStandards on Auditing etc. applicable for theexamination.
Refer the Chartered Accountant Students’ Journaland other publications
:The Students’ Journal isanother form of disseminating importantinformation for your benefit. It provides qualityarticles and academic updates that will help you inyour professional learning. You can also send in yourarticles for publishing in the journal.
:It is not only necessary that youprepare well, it is equally essential that you presentyour answers well. For this following points areimportant:
Relax before the exam. Your mind thinks wellwhen it is in a relaxed state.
Attempt those questions first which you areconfident about.
Budget your time wisely. At least 15 minutesshould be spent on reading the question paperthoroughly and 15 minutes should be kept inreserve for revision.
Give working notes to each practical questionproperly.
Give your assumptions wherever you feelnecessary.
Give to the point answers and do not indulge inunnecessary details.
While answering questions involving applicationof law/standards etc, briefly state the facts, thelegal position, your analysis backed up with caselaws, if any and your conclusion.
Write legibly; avoid spelling mistakes andgrammatical errors.I am sure that the above points will help you in clearingthe forthcoming examination with flying colours. Justkeep a positive attitude and keep your cool and conquerthe world!Wishing you all the best in all your pursuits of life!Yours sincerely,
CA. Vinod Jain
Email : firstname.lastname@example.org