Course Name :

Subject Name :
Financial Reporting

Practical papers are always liked by students in CA curriculum as it is considered to be scoring paper. The students find it easier to prepare as compared to theory papers. But still, students fail to obtain good marks in the practical subjects due to leniency in their approach. In this article I would be sharing some tips and tricks to write and score maximum marks in practical papers. I hope you find it useful for writing in you exams.

1. Try to cover small chapters first as it will help the students to fetch maximum marks in practical papers. Moreover, covering small chapters first reduces the pressure from the students in terms of number of chapters to be covered.Small chapters are easier to prepare and problems from these chapters generally do not take too much of time to solve.

2. After completing small chapters, simultaneously study large chapters and theory portion of the subject simultaneously. Revise selected question during final revision to recall whole chapter.

3. You are given 15 minutes of reading time before the start of writing time. One should make a quick reading of the entire question paper within 10 minutes. This period is very important as in this time you have to decide not just which question you are going to attempt but also the order of the questions. This helps in saving time where you can first answer questions in which you are most confident and in fast pace. In this way you have time to answer questions which may require some thought while writing.

4. Presentation in a practical paper plays a very important role. It is important that all formats and figures are presented in a neat and clean manner. It is always advisable what you perform on your calculator; it should be on your paper as a working note. Don’t waste time in making rough calculations because you also get marks for your working notes.

5. When you give first reading to a lengthy question, note down all the amount/figures given in the question separately. The benefits of this exercise are that when you solve the question you don’t have to search the amount/figure in the lengthy question again and chances of missing any point or amount/figure minimizes.

6. Give a quick reading to compulsory question in your reading time.While making a sequence to attempt questions, the position of compulsory question should not be lower than 3rd position. Solve compulsory question as much as you can even if you don’t have any idea to solve the question.

7. Practical papers are not just application of some formula or rule, they are also conceptual paper. You cannot succeed in practical papers without understanding the concept. So work hard to make your concepts crystal clear.

8. Some practical papers are also referred by students after giving exams as being lengthy and that they were not able to attempt the entire paper. Prepare yourself mentally to solve a lengthy question paper. Use compiler and scanner to understand the question paper pattern and prepare yourself to deal with it.

9. Practical papers are not completely based on practical problems. There are always some theory questions in question paper. Theory questions are also important as they serve as the last resort. One should prepare theory notes well in advance including the answers of frequently asked questions. This process helps you to understand the concept and save your time to search theory part here & there at the exam time. While attempting theory questions give ‘to the point’ answers. Don’t write same point again and again in order to increase the length of the question.

10. Always practice the questions given in the study material and practice manual provided by ICAI.

11. While writing exam, use the same pen you used while practicing for the subject. Don’t replace your pen with some different model as it will hamper your writing speed.

12. Continue your question as per your concept and assumptions. Never try to match your answer with anybody else.

13. While solving practical questions full focus and concentration is required. So you have to be very calm and cool during your exam. Never make hurry when you are in the middle of a question. It may spoil your question.

14.If any numerical question is completely out of your reach or in case you fail to understand the adjustments given in the question then leave that question immediately and move ahead. Attempt this question in the end.

15. Make your notes before starting final Examination preparation and stick with them. Do not add anything new to your notes 10 Days prior to exam.

16. Last but not the least; don’t take too much pressure on yourself. The more you study in a relaxed manner, the better you will be able to approach your exams.

All the Very Best for Your Exams!