Monday 13 April 2015

How to prepare CS Final Electives/ FM/ Tax.. Is 2 months sufficient? Chat with Seniors Part 2

Chat made by CS Professional program students with their Seniors continues.

 First part is available here. 

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How to prepare for elective paper?

Shreya Gandhi

I chose IPR as my elective..Just went through the Institute material on the day before exam..you just need to know what comes where..and its that easy..

Just went through the Institute material on d day before exam..you just need to know what comes where..and its that easy..

I have also selected IPR , advise how to answer for first 50 mark ? Bcs it is a practical question

Shreya Gandhi: 

For the 50 mark question, we will have like around 4-5 questions internally each for around 10-15 marks.

They will give few paragraph..that will run for 3-4 sides. What I did was..i just went through the questions, read the paragraph like a story quickly and started hunting for the answers.

I did not read the paragraph keenly. Just the questions and directly figured out the answers from the material.

If you know the subject to some extent, you don't have to worry for elective . given that we already had IPR in our executive.

Sanofar 

For electives, whatever subject you chose, be familiar with institute material. That will help.

I have chosen Capital Commodity and Money market as Electives. Please help how to prepare?

Sanofar : 

Capital commodity and money market is a paper which needs more than book knowledge. Take interest in what's happening in money market in the current scenario, try to connect it with theory you learn.  You'll be able to answer in a better way which they expect in every professional course



Give some tips for Module 3

Sanofar : 

Module 3 - main is Tax. Concentrate on Indirect taxes and Transfer pricing. Read amendments in direct taxes. Don't leave any provision which you feel will be relevant for the question.

Shreya Gandhi: 

Direct tax is easy to score as well.. For international taxation , go through the institute material and be confident with executive portions ..easy to get 20/25 marks.

How should one prepare for FM and Tax? 

Sanofar : 

For FM, do all basic chapters like leverages, capital structure, cost of capital, dividend decisions. Then go for Big and important chapters like capital budgeting and working capital. Do theory from institute material and scanners

Tax is vast. Be thorough wid indirect taxes if you are in old syllabus

How should I prepare for Company Law and drafting?

Shreya Gandhi: 

Bare act and Institute material for company law.

Drafting is the most easy and scoring paper..institute material and scanner for reference will be more than sufficient.

Sanofar : 

Drafting institute material and scanner is sufficient. Learn conceptually. Drafting needs more of legal terms and logic

For FM & Tax, how to start  ...should we start with theory or problems.

Sanofar : 

Attempt Problems. If you are very sure how to go with a problem, do that first. Sums definitely need practice.  in exams, present them clearly with the formula. Usually if final answer is right, you may get full marks. The same is not the case with theory.

For theory, go through institute material and scanner

 Shreya Gandhi: 

Problems first.. So that you get the practical application well.. Learning theory will then become easier and faster
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How to approach the case laws part being asked?

Aarti:

Try to understand the facts very well while reading the facts of the case. If you are understanding the facts correctly, you got 70% . Mostly we lack in it. Specially in exam hall atmosphere.

Sanofar : 

Yes. Have conceptual understanding for approaching. That will certainly help.

From where the case laws in tax are asked & whether giving reference of case law in each answer is necessary?

Sanofar : 

Reference of case law is important when they ask you exactly the same case. Some case laws are very important and are most repeated. Try to remember them well

Give a brief opinion for the case in connection with the reference case law, quote the case law. 

For problems, Bhangar's book is really useful

Shreya Gandhi: 

I would also suggest reading the Bhangar book for tax..

Like the merger and amalgamation chapter..the first one.. Concentrate more on that chapter.. Many case law questions are asked from that. Mention as per this case law, this was the judgement, and this is my opinion on it.

Stating the name of the case law does make a difference..Mention as per this case law, this was the judgement and this is your opinion and you nail it.

How to study the whole study material as it is so vast & repititive. Which points need to be studied and which to be dropped? How to Study  Institute material with Bhangar's book within such a short time span ?

Shreya Gandhi: 

The study material is vast..but if planned and executed well, it is the best source. Read little daily.. Keep brushing what you read.

3 revisions before the exam and you are good to go.

Be thorough with the lesson round up and the questions behind each chapter. Make notes for the important points. Use Highlighters and book marks in the material that you study.

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Whether attaching more supplementary answer sheets will get us more marks? 

 What are your general tips for presentation? 

Aarthi 

Extra answer sheet will not fetch you more marks..More points more sheet does not matter..quality of your answer matters

Begin answer for each question in a fresh page. That will give a clarity about each full question.

Shreya Gandhi: 

Presentation matters the most.. Show the examiner you know the answer well..write what you know first..impress the examiner in first 2-3 minutes..

Show all what you know well first..get the game in your hand. Your slogging for months together is decided in just the first 3 valuable minutes of evaluation.

Sanofar 

 My Guruji always said "3 months of solid preparation, 3 hours of perfect answering and smart presentation and 3 minutes of correction"

Ensure you don't leave any shortcoming in any of the 3. As Shreya's exact words - show the examiner you know the answer.

Impress examiner in first 2-3 minutes.Love law. Not results alone

Do we need to write more and more things or crisp points are enough for strategic management?

Sanofar : 

Write crisp points. Don't be repetitive. I had written only one side of one supplementary sheet attached and scored 72 in Strategic management. That proves pages don't fetch you marks. Your content does. Keep your answers full of content what you know. Doesn't mean you've to fill in everything you feel.

My handwriting is not that much legible. Does it matter in professional exams?

Aarthi 

Hardwriting does matter; Present neatly; Avoid overwriting.

Sanofar : 

Yes. Present in a better manner. Avoid scribbling too.  The examiner should be able to atleast understand what you write

How can I know about all the recent amendments regarding modules 2,3&4 ?

Sanofar

You can subscribe to CA club, CS portals. They mail you almost all the notifications , amendments regularly.

Aarti: CAspot is also worth subscribing to.

Lakshmi Narasima: You can see the updates in the website under academic corner. Visit : Icsi.edu
Where they have given all the updates applicable for June 15 exam

I got my answer sheets from Institute and found that for every 5-6 mark question, I get only 2 or 3 marks. What shall I do?
Oh ! That means you've to write more Points. Please take care. 

I am appearing this June for new syllabus...I have covered Info security, CR and Secretrial audit...rest is left over with some knowldge in tax too...so can I make up for all 9 subjects this June??

Shreya Gandhi: 

You can make it up very easily..you have already finished around 4 subjects.. You can definitely give and clear all 9 papers..these 2 months are the most crucial ones..utilise them very well.

Don't forget the group advantage u get if u write all papers together!

This group advantage works wonders. Trust me. I have benefited from it.

Is it possible to cover module 2 & module 4 in next 50 days, I have appeared module 4 thrice and every time got above 95 in mod 4 but unable to pass. And module 2 i have appeared only once and got 92 marks.... Is 10 hrs per day is sufficient ? 

Shreya Gandhi: 

Yes certainly it is sufficient. You can pass. Since you already know the concepts, its just revision you need to do with  a little more focus..you can.. Don't worry.

Sanofar : 

 10- 12 hours is sufficient And 4 papers revision in 50 days is certainly possible and easy

By reading same books again and again I am getting bored day by day. This is my sixth attempt consecutively I'm losing in aggregate that too in a thin margin in modules 2,3&4. Can u please give some tips? 

I am writing this attempt 4th time. Each time failing with a very short margin. So very disappointed this time. I get very tensed during exam. Only 2 papers remaining. Still worried.

Sanofar

Have confidence, don't stress yourself or take exams as a burden. Prepare as much as you can, when you're feeling tensed, drink water and go for a walk. Come back and study. That's wat I used to do

Having written few times, you must be very familiar with the subject now, and not clearing by a short margin is not bad too. You've the ability to get 40 marks. 10 more marks is no Big deal for you. You can and you will !

Shreya Gandhi 

You are getting bored..but you become strong in the subject as well..as you said you have only 2 papers remaining, just give ur best despite the shortcoming and you will definitely rock :)

Just 2 more months. Don't get bored. Learn with interest. Learn it whole heartedly as if you gotta teach someone tomorrow. This will make you understand the concept very well.

A Student : Friends never get too much worry and lose your confidence on your studies, I am writing my 9th attempt and I have to complete 3 modules this time. Be confident to achieve your goals. We are all almost near completion, Our hard works will never fail. Make oath that this time I will clear !

Your guidance is definitely going to help me a lot to regain my confidence. If I start preparing from now onwards, will it be sufficient? Because I feel I have wasted my time since result, which troubles me a lot.

Sanofar

It is not very late. Only 2 papers right. More than enough. But don't get bored. Plan smartly this time

Shreya Gandhi: 

Frankly speaking, these 2 months count the most..you can recoup whatever you have lost in these 2 months..This is the time most of them gain focus.. I too managed only in the last one to one and a half month as I was studying college simultaneoulsly. So its not something which you have really lost..You can still shine..Every moment from now counts.. Do your best !

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First part of this chat/ interview is available here 

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