CA FINAL GROUP 2 (NEW)

Dear Student

This test series is compiled for the purpose of effective self-study to complete the
course on time with lots of confidence and self-satisfaction to deal with the main
exams.

we have made a schedule also known as cluster strategy, where every subject is
divided into 4 parts and daily target has been set and after each part of study
random short test of ICAI level not at all time consuming, will be conducted to check
if how well you can perform in the main exams. Day by day small errors will be
identified and presentation skills will improve and confidence will boost. This way you
will be able to study with more focus and consistency.

The purpose of this series is to complete the course with the targets and in effective
way. Papers are short only. You just need to check factual things in your answers
and for that we are providing suggested answers too. In case you need any remark
on your sheet where you feel, you can same mail us creating a pdf file. we will
happily give you remarks within 2 working days.

All papers access we are giving together. So you can access any paper as per your
comfort schedule dates. Our schedule dates are suggestive so you can make
customisations in dates as per your convenience.
Check the solution only after writing your answers properly and award the marks and
keep them all safe with you to refer at the time of exam days to pointing out your
mistakes you usually do to avoid them in your main exam.

Get the access of Schedule and Papers from the link below 🏻

https://drive.google.com/drive/folders/1IszhX8UhdE10SjxRDCKPt1awsGyajhe5

🏻Important suggestions to write the answers

1 General suggestions

Always start next question solution from new page.

Mark the question no. properly.
Write all sub parts of any question together.
Attempt all the questions as it is better to give all average answers rather few
best answers.

2. SCMPE
Its easy to score if you have seen how someone has actually
presented the answers in exam.
SCMPE is now one of the most critical subject in CA Final New
Syllabus. It is the only subject that has been changed by the ICAI
extraordinarily from its old syllabus to the new syllabus.

Students who are studying this subject are being haunted with several
questions and everything is just goofing up in their mind that they usually
start doubting their hard preparation as soon as the exam starts
approaching.

Let us understand further by using some question and answers.

Q: Is New syllabus fully theory based?

A: No, it isn't. Its analytical now. We don't call analytical type as theory.
Like Income tax is analytical, neither practical, nor theory. In analytical
questions, we do some calculations and then present an analysis of the
situation, like pros and cons of it.

Q: Do all questions will be in case study form in new syllabus?

A: Case study is just a myth. Its a natural question with more detailed facts.
Any or all question is a case study only. Infact, you can say that the
questions have become more story oriented, complete and interesting.
From past paper's analysis, it has been seen that the papers are usually
having at maximum only one full length detailed story based question and
rest all are normal questions.
The normal questions then comprise of some practical calculations as well
as theoretical discussion.

Q: How to study case studies or story form questions because each

question seems different ?
A: This new form of questions may be new for you but not new in the
examination system. Several international institutes like CIMA, ACCA, CMA
(USA), etc. have been asking case study questions only in their every
exam. They always set up new set of questions for their exams in a way
that never match to any of the past questions.
If we analyse their study materials and the pattern of teaching those
courses, we get a systematic approach of learning. And that's what I follow
when I teach this subject.
So what is the exact way to study the case studies then..

Stage 1
First of all, its a natural way only to study these case study based questions
i.e. the prime criteria is to know the whole of syllabus.
Stage 2
Secondly, you must know the concepts. In order to understand any
concept, you need examples or illustrations that simplifies the theoretical
language of the concept.
Stage 3
Thirdly, apply the concept in a bigger problem with less of stories. This
gives you a deeper understanding of application of the concepts.
Most of the students are resisting this type of questions when solved by
teachers in the class, (including my class) but there is a strong belief that
these questions are also mostly taken from the same international case
study based examination books. The aim is not to get the same question in
exam. But the aim is to have a deep understanding.
Stage 4
Lastly, apply the concepts in the case study based questions where
the most important part is the writing pattern. Usually, in these questions,
calculations are lesser but overall situation analysis is greater. Hence, for
this, you need to go through all the types of case study questions available
at your disposal.

3. Risk Management
Study Approach

1. Open book exams are challenging, and so you must know your concepts
well
2. Read the entire case study only once to manage time; you can proceed
to answer all the MCQ’s even without referring to the case study again
and again.
3. Try to pocket full marks in MCQs. Note that a brief reasoning is
compulsory for MCQs
 4. Make best utilisation of full time given to you in the exams; Practice
Module questions to develop your strategies and manage your risk in the
exam well!

4. Direct Tax laws and International Taxation

In taxation working notes are very important. Many students do mistake in writing
proper working notes in practical sums.
Don’t just write practical question just in tabular manner. After completing every
practical question write notes to account of working notes forming part of solution
and write down notes as per provision or as per calculation for for each amount
arranged in computation.
Don’t mention section if you are not sure 100%.
Write case study based answer in 4 steps.

• Provision as per relevant act

• Facts of the case
• Observation
• Conclusion

Amendments are must read

5. Indirect Tax Laws
Refer only ICAI study material properly. Do proper amendments. Practical sums
attempt with all proper notes to the accounts to get good marks.
Case laws in 4 steps

• Provision as per relevant act

• Facts of the case
• Observation
• Conclusion

Proper study of penalties and assessment.

The trend in IDT paper is more like practical issues we face during workings.
More writing practice is must.

Thanks & Regards

CA Mayank Katariya
8005601309

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