I am just giving a write-up for how to tackle the CA Final exam…so please do consider…
1. Do not ever try to read the paper in detail during the initial time of first 15 minutes of reading. Out of the 15 minutes…for first 5 minutes…just go through the entire paper by reading the 1st and last sentence of the each question…so that u can get what is the basic requirement of the question and also whether u have studied that topic or not…After going through entire paper like that, mark those questions which u think u have studied and in which u can do your best. (Try that.. u can get 3 complete questions out of total 7).
After the above is done…then read those 3 best one in the next 5 minutes.
And in the later 5 minutes…go through next 4 questions.
2. Secondly, you should first solve those 3 questions in which u can give your best..Also..they say… the last question which u will be attempting..must also be like one of the first three which u have attempted…so that positive impression is developed in the mind of examiner throughout the paper while checking. In this way..u can score exemption in paper.
3. In the paper of Direct tax & Indirect tax…try…if u can ignore the question based on case studies, as these are too lengthy to read and solve..Also u can’t expect complete marks in that question. So try to leave that as an optional one.
The most important thing in DT & IDT, is to give notes in each question. Before solving the practical question…u should first write notes for each adjustment given in question and then solve. (Half marks pertain to notes only).
Another important thing in DT & IDT is that..u should try to write section, rules, as well as notification no., as marks are allocated towards this also. Case laws u can avoid unless u know it 100%. Do not hit trial n error.
4. In ISCA, u can read the entire paper in 5-7 minutes. In the balance time…u can write the summary points for each question..so that later on, u can recall the same…The entire game in ISCA is to remember the summary points only.
5. AMA Costing, as per the past trend, this is lengthiest paper out of all 8 papers. The last question in AMA paper is generally theoretical cum practical in nature. So, in order to save time, one should strengthen its theoretical base and try to attempt the last question at the inception stage.
6. Corporate & Allied Laws, this is all theoretical paper based on little practical concepts. This paper also seems to be troublesome(Troublesome in terms of number of parts in each question). So be precise and to the point while answering to the question..Do not elaborate. Also, as per past track record, the 1st question in this paper contains 5 parts of 4 marks each instead of 4 parts of 5 marks each.
In the remaining questions also, there may be many sub-parts in each part of the question. Do quote rules & sections.
7. Auditing… as per past trend…this is lowest scoring paper in 1st group…as the candidates lack knowledge in Standards on Auditing.. So..in order to score good marks..one should try to primarily focus on SA’s and quote where ever required.
8. In FR, grip your concepts on IND AS. Try to tackle the question based on Holding subsidiary at the end…as mostly this question consists of two-three tricky adjustments which can cause riddle in between of the paper.
9. In SFM, the most important topics are M&A, Portfolio, Forex & Derivatives, Mutual funds, Leasing & Cap-Budgeting.
10. The opinions given in point 1 & 2 are for each paper and rest are related to each paper mentioned along with. Also…do allocate your time for each question, based on the available time and marks allocated to each question. In case you failed to solve the same in allocated time…leave the question there itself and move forward. However, another opinion is also possible…you can try to make a provision for 3-4 minutes to solve that particular question. and try to solve the next questions before the target time.
With these words…I would rest here.
All the Best…