Tips and Suggestion for CA FINAL

Note: Remember All topics are Important in CA. These are only selected topics which have more chances to come in exams.

Paper 1: Financial Reporting

1. start wid some Imp AS first which is Imp.. - AS 2, 15 ,16 ,22 ,28 ,30 ,31 ,32

2. Practice sums on Consolidation from Practice manual
3. Share Based Payments... 1 Sum on ESOP is likely to come
4. practice Valuation of Goodwill.
5. After all dese, den come again over AS which are left so as to maintain balance between chapters and AS.. Den Amalgamation. AMalgamation is Big chapter BUT it is very easy so kip it in last. BUT DONT FORGET TO PRACTICE AMALGAMTION... AMALGAMTION IS IMPORTANT..

Paper 2: Strategic Financial Management

1. Leasing is important. Dividend Policy- using MM Theory, Bond Valuation,YTM, Portfolio- CAPM,APT, sharpe index is not so imp but it is advisable to have look once on it.
2. How to Hedge Currency Risk, Swaps,
how to calculate value of call/put option, BLACKSCHOLES Model is IMPORTANT, Decision Making Sums in Capital Budgeting, Capital Rationing, Sums on Factoring

Paper 3: Advanced Auditing and Ethics

1. Start wid Ethics Portion First.. it is very easy and scoring.. 16 marks are very easy to score...
2. Do some Imp SA first : Representations By Management, Audit using the work of Expert, Analytical procedures, Auditor's responsibility relating to Fraud, Identifying and Assessing the risk of material Misstatement, External confirmations, Subsequent events.
3. den do CARO, Peer review, Cost Audit
4. den proceed wid sum practical topics like Audit of Insurance companes, banks.. In these chapters, dont spend more times.. Just complete wid thorough reading and remember the common points only...
5. Again continue wid SA.. it will help u to maintain balance between chapters and SA's

6. To fetch More marks, try to give reference to AS,CARO, SA and companies Act in all practical case studies... it will give u more marks.. Giving u example..
Like any case come relating to Related Parties Transaction.. u can give reference of AS 18, Caro also covers 1 Point, Give refernce of SA. Also Companies Act states provision about Related parties. Now Compile ur answer together.. It will really fetch gud marks. Hope u all get it my point..
Refer Surbhi Bansal Mam's Book for Audit...

Paper 4: Corporate and Allied Laws

1. Directors are Important. it will cover around 30-35 marks. Any portion can be asked. so study in full
2. 1 case law on Oppression and Mismanagement.
3. Now complete wid Banking Act, FEMA
4. Do this Question- Obligations of Banking companies under Prevention of Money laundering Act.
5. u have to balance company law and Allied law.. Refer Munish Bhandari for Law.. Best Book..

Paper 5: Advanced Management Accounting

1. Complete with QT portion first. it is very easy and scoring too.. Network, Linear Programming are favourite chapters of icai.

2. Try to solve sums from practice manual. important chapters- standard Costing, Marginal Costing and Transfer pricing.. Rest chapters r also imp But 1st do dis.. Try to make chapters conceptually strong as unlimited sums r der.. so only solving will not help u out.. Solve practice manual and RTP..No extra books required for Costing..

Paper 6: ISCA

1. Again favourite Subjects of all of urs.... 
Best Reference book is Dinesh Madan But i will advice u to do from ICAI Studymat only.. Important chapters are- IT ACT, Risk Assessment Methodologies, BCP, PIR (ch-3), SDLC (ch-2), System Requirement Analysis(ch-2), COBIT, Systrust and webtrust (ch-8), HIPAA (ch-8) 

2.ERP- why needed? features, implementation guidelines, post implementation effect
3. Also Cover all questions given in RTP for may 13, nov 12 and may 12..

Paper 7: DIRECT TAX

1. Cover all Amendments First

2. case laws issued by ICAI. may 13, nov 12 and may 12 cases r equally important provided by icai

3. AMT AND MAT

4. TDS

5. Now do PGBP. it is lenghty but easy.. solve from practice manual. sec 28(chargeability), sec 35AD, sec40A(2),40A(3),43B, PTS. Sums on LLP must do.. 

6. now do Wealth Tax.it will fetch 10 marks..

7. now do small chapters like Setoff, clubbing, DTAA

8.Then start wid Capital Gain.. again big chapters..

9. Remember Tax is very lengthy and it is not possible to do all chapters and all sums. so manage ur time accordingly and if not possible to do all sums, leave it, just have a knowledge on subject matter.. Concept should be clear

Paper 8: Indirect Tax

1. Cover all Amendments First

2. case laws issued by ICAI. may 13, nov 12 and may 12 cases r equally important provided by icai

3. Complete POT first, den start wid Service tax. scoring and easy.. I will advice u to do VAT 1 day before exam. as it is very easy. so dont spend much time on VAT. Give 4 hrs to VAT only before exam day. it is enough.

4. Practice sums on SSI,Cenvat credit, Customs Valuation, VAT.

IMPORTANT NOTE:
1. Dont learn Section Numbers as it is not important but once you give wrong number, you will be awarded 0 Marks and there is no extra marks on section number.

2. For Tax, If you don't remember the name of case study, write your answers without giving the name BUT dont give wrong name to case law.

3. All above provided tips and suggestions may vary according to your capability and time management. and these are only selected topics. Remember all topics and every chapters are important in CA. Manage ur time accordingly..

4. 10 days go for March only. Keep Only revision time for April. All those whose exams will be in MAY 13 are requested to logout from facebook for 2 months.. it will save ur 6 months.