BE CLEAR WITH YOUR PROCESS | CA EXAMS | MAY 2024 | DO NOT DESTRACT

hi guys from the past few days I am observing so many mistakes which students are doing like we have a public telegram group rest of Fraternity in that students will be discussing about question Banks they'll be discussing about uh rtps they'll be discussing about revision videos and they'll be discussing about Trend analysis and something which I'm recently watching on the YouTube is exam oriented batches exam oriented learning all that above all this some students personally messages asking sir I will prepare past 10 attempts question papers past 10 attemps rtps I will prepare so I have a question Bank covering these two like past 10 attemps questions past 10 attemps question I mean like rtps is it enough for me to qualify for the exam so stupid question fine have patience listen to this change your schedules accordingly schedule means not like the Tim table all that I mean uh mindset change your mindset now uh see honestly 5 years before or even 10 years before when we were studying this word exam oriented learning is very famous that time so that time what is exam oriented learning I'll tell you earlier when we were studying CA final or CA inter we need not study even even 50% of the syllabus also not required honestly I studied CA final audit for six days 6 to seven days okay six 7 days I think one week I studied one week I studied and I got 59 marks in C final audit and you know that time the question paper is only one paper two sites just only one paper one paper is a question paper CA final audit paper will be just one paper CA inter audit will be one paper 120 marks weightage will be within the one paper just two sides today tell me how many pages CA inter audit question paper CA final audit question paper minimum 12 to 16 Pages minimum excluding McQ booklet by the way McQ booklet will be some seven eight pages again apart from that normal question paper somewhere around 10 to 15 or 10 to 16 or 18 pages but when we were studying only one paper that time the questions are very straight you know earlier when I'm studying CA inter audit now how how how is the audit now a study company audit uh study different types of entities it's actually called as special audits study study audit of liabilities audit of assets audit of incomes audit of asss that is what now called as items of financials and one more chapter some one more chapter will be there some some three four important standards will be there that's it four to five chapters if we study go 70 to 80 marks of the paper we can attempt and happily secure 50 plus same is with the ca final CA final audit we have so much of syllabus right now whatever the syllabus you are having in CA final audit that much syllabus we also have the point is we never studied that not not required in our time it is not required exam oriented we just have to prepare we just have to prepare exam oriented syllabus exam oriented means at the time we have company audit in C final also so company audit some 10 important standards will be there out of total 46 standards only 10 important standards believe me then we have uh Bank audit chapter that time also we have insurance audit chapter that time and uh we have uh uh some assets liability special audits in C final also we have special AIT in World schem once upon a time so that these four or five chapters only we will study we will go to exam right that's it easy so that is the reason why I qualified with just one week of preparation in my C final got 59 if at all today the paper standards if I observe if at all this kind of standard if I have to face I need to at least dedicate 100 hours for minimum I'm telling you on a very very very very optimistic note okay okay minimum 100 hours I need to spend on each paper so that there is a possibility that I can secure 40 to 50 marks at least are you getting my point minimum 100 hours for audit of today's standard but today also even now people are circulating these points exam Orient what is exam today many of you some of you would have already given November attempt or before attempt or some of you would have been given multiple attempts you have seen the question question paper you have read the question paper you understood right now tell me exam oriented means what what is exam oriented today can any student go and understand the question paper forget about writing and qualifying can a student first of all understand that McQ 30 marks paper the entire question paper can he first of all understand that without proper understanding the syllabus obviously not suppose if at all we are having some 15 chapters suppose CA init CA init we have some 11 chapters in CA init some two to three chapters if you ignore remaining eight chapters if you studied perfectly yes you can still attempt for 75 to 80 marks perfectly provided those eight chapters out of 11 you have to be the best you have understood each and every Point realistically practically technically you understood the sentence you understood the context you understood it overall implications only then you can understand the question paper correctly because questions are almost interl questions McQ and are almost interl questions so only those who understand the true Concepts practical application it's implications its context in which we are learning only they can answer these today's level of question paper agreed or not maybe out of some 11 chapters two to three chapters you have never studied at all you don't even want to study but rest eight chapters 75% of the chapters if you study 100% of that particular 75% of the chapters getting it nuke enounter understood it thoroughly then you can answer well maybe if you call this as exam oriented I agree you know what the meaning what I have seen today you know exam oriented means you need not learn anything just m just these Concepts M you whether you understood or not whether you understood the context of its application or not whether you understood the implications of that particular chapter in the overall syllabus whether you understood all these points are not unnecessary it's an exam oriented what exam oriented exam or is mugging up how how many you will mug up not possible right so you need to understand first you know you need to understand why are we learning that what is the context behind it all that you need to understand so exam oriented learning is a big scam the pro the problem is the people who are promoting this exam oriented batch also are ignorant you ask them whoever is promoting this exam oriented batches ask them exactly what is exam oriented Define ask them definition ask them to Define how this batch is different from their other batch 90% I bet they'll not answer they cannot answer exam oriented means uh in this we will mainly focus on the concepts which will come in exam what which concept will not come show me one concept that will not be tested in the exam every chapter every concept is tested in the past seven eight ATMs in every chapter every concept is being tested in the past 10 atems most of the concepts were tested there is no concept that is left by The Institute so there is no meaning of exam oriented come out of it you need to understand what you're learning understanding means not sentence reading the sentence translating it and trying to no not that understanding its implication best example care everybody will read car but they don't understand where car will come in the audit report car is a point in the audit we give audit reports right in that AUD rep one point is car in that car we will give it as a checklist NX in the 21 Clauses we will explain this context nobody will understand this is a problem they read income tax they read deductions they read deduction disol all that 90% of the students when I interact with them they don't understand the meaning of disels they think is adding back when will you add back if it's already debuted in pnl account you started Computing pgb income by taking net profit as for pnl account it's already debited in pnl account this net profit is already affected by reducing that amount but as per income tax provision that item will not get deduction since this profit is already computed after reducing that but no deduction we will add back then the word dis allance can be used student will not understand understand in pgbp it is deemed to be income it is disallowed it is not allowed all are different it is not allowed as deduction is a different disallowed meaning is different treated as income is different in all the three cases is the treatment is adding here similar to adding back but this is what understanding concepts means this is what understanding the context take law small company definition is there everybody will four four cror SPID up Capital 40 CR you know turnover so so sub not not a subsidary of public company it should be a private limited private limited company then it's a small company this is exam oriented according to you but you're not understanding the context right why small company what is the purpose behind small company concept that if you're able to understand that is when you are learning conceptually conceptual learning means paid up Capital you see paid up Capital means GPD Capital preference Capital you know all that so it do not include debentures that is not conceptual learning that you are dragging that's actually dragged learning you're dragging the learning that's it unnecessary points are focusing there paid up Capital 4 CR see it's not equal to it's more than it's not less than what what you need to focus that one the lawmaker have given the definition to focus on equal to more than numbers it is important no doubt but that is syntax get the point what is important is the context company act want more Enterprises to come and register under company law more Enterprises have to register under company law why company is the only form of organization where the transactions financial data is transparent if I operate as a soul proprietor I am not governed by anybody if I operate as a partnership firm I'm not governed by anybody if I'm acting as a society I'm not governed by anybody if I'm not registering anywhere no governing person what are my financial status what are my financial affairs it is not transparent if it is a company form of organization transparency will come so in order to promote transparency companies act has to encourage people to come and register under company law and know people are not registering under company law why because you're putting so many compliances okay fine I'll do one thing I'll I'll give separate category small company so if your if your turnover is less than this if your capital is less than this you are called a small company for you so and so rules and regulations will not apply now are you happy come and register this is the logic this is a context based understanding this is conceptual understanding have you ever SE small company definition in this perspective which I told now now you see the limits okay so this is the reason why small companies necessary now look it when a company is called as a small company how much time it took same 10 minutes same 15 minutes understanding of the concept is different understanding nonsense is different you're focusing on nonsense part so wake up test from whom you are learning question their ability question their way of you know getting it what they what they're teaching all that if you tell them they will also change their approach if you continuously run behind equal to a greater than a paid of capital what now what I'm seeing is now question marks again like I'll come to this so some students are asking sir past 10 atems past 15 atems sir this is a question mark sir past 25 atems question paper sir past 20 atems R and all were given past 20 MPS were also there sir so can I if I simply read this can I qualify obviously not I'll bet you'll not you go and do I will bet you will not today in the new scheme look at my audit paper look at the audit paper itself CA inter or CA final the content has been redrafted Once Upon a Time what are inherent limitations to audit the content is slightly different now if you look at the new scheme audit syllabus what are inherent limitations of audit the content is changed now tomorrow if the same question comes in exam you studied question mark in that inherent limitations means what you have studied one answer that answer might have been taken from 2018 2017 syllabus getting the point I'll tell you inherent limitations of an audit 2017 the answer is different 2018 onwards to 2023 the answer is different 2024 onwards the answer is different the question is same what are inherent limitations of an audit the question is same but the answer has been changed answer conceptually everywhere it is se but the way it was drafted the way it was explained has drastically changed now you studied question Bank in that inherent limitations audit answer that is taken from some 2015 answer whereas the answer which is updated as per latest ICS study M answer is different now you will write the question Mar answer ICS answer will have some different the person who is doing valuation doesn't know which answer is correct first of all because first of all the main drawback in valuation is people who are valuing the papers are not from teaching background understand that if I value audit question paper if you write some alternative answer I can understand whether the answer is correct or not but the person who is doing valuation today he is not from teaching background getting it so he he he doesn't know anything about the subject he will look at the suggested answer look at your answer if it is matching he will put marks if it is not matching he will just stick it but he'll not have any marks why your answer is not matching with suggested answer matching means 100% matching is not required but whatever suggested answer suggested answer contain some 10 points or some Five Points the five points are conveying some each point is giving some meaning whether those Five Points related meaning are you conveying or not this is what he will check I agree there are some loopholes in the valuation some value sometimes students do writing same answer with the different wordings some valuation not valuing it not giving marks that was one minus point in the valuation but that's very less percentage only 1% of the total papers valued will be affected with this kind but again this is a very rare scenario I'm telling you very rare scenario getting the point you you just try to figure out how many students among your circle faced this kind of you know differentiation in the valuation very less so if you follow question Bank these question banks will contain answers which are not based on latest IC study material applicable for your attempt very important don't follow question Mars follow IA book Follow The Faculty book whatever they have given to you 100% provided they cover 100% syab on check it out and just to follow that after you finish entire that preparation after you understood everything context based concept based of then in the book itself they will be solving many mcqs also right in the classroom after you finish all that then if you still have time go and solve mcqs in the I website after you finishing that if you still have time do follow practice question math then coming to rtps you know rtps we generally prepare rtps 15 days to 1 month before exam we never touch rtps before that only 15 days to 1 month before exam we will touch it's a revision test paper so I will only do this I will only look at RP only at the time of revision now what many students are doing some students they started preparation in January month suddenly in released R stopping preparation opening RP and Sol okay first you prepare preparation man you first finish what you started finish the subject once understand the total subject whatever suppose no 15 chapters were there some 15 chapters were there 11 chapters only you wanted to decide study five four chapters you want to okay leave but these 11 chapters finish it first understand these 11 chapters thoroughly conceptually in depth then go and solve what RTP why are you solving RTP now I know some YouTube videos were there on RTP the moment RTP release next day YouTube videos will pop up don't di out don't deviate from your strategies don't deviate from your schedules why are you being tempted you are in 10 15 telegram groups in in each telegram group every day on every subject one question mark will be released why are you downloading each and everything you don't have mind follow for think before you act before you react before you act on anything just think of it is it necessary now focus on Preparation focus on your classes if at all you're going for classes focus on the classes try to First finish the classes and preparation properly then revision videos yeah now again some students are asking now itself sir when will you post Marathon videos what what Marathon videos marathons and all you have to watch again one one and half month before exams only not well before that maximum at least two months 3 four months before exams what is the point of watching marathons students they're asking sir can I watch your November attempt Marathon for the May No don't watch it maybe some two or three chapters the content is exactly same but many chapters the content has changed don't watch it see the problem with revision video see if you if you if I don't know how many of you know about me I will not sell Fast Track courses you will see Ina in our Institute you will not find Fast Track courses you will not find crash courses why if I sell you crash course crash means what we are crashing the syllabus yes or no we are compressing the syllabus now 100 100 suppose let's assume some 100 100 100% is syllabus we cover 70% in The Clash not even 70 60 in Fast Track we cover only 30% 30% of each chapter important tough Concepts only will be covered the problem with the students is whatever we covered in the class it it may be crash or it may be fast track they only go and revise the same whatever the leftover portion uncovered topics they also don't cover in exam they prepare only the same topics which which is covered in the fast track which is covered in the crash course because of this sphere I do I am I stopped taking crash and fast TR from the very beginning I understood if I give a crash video student will only study those topics which I covered in The Clash but there are 100 topics which I have I have not yet covered I haven't covered in The Clash I will not cover in The Clash that student will not study even if I tell it is important and no sir since you covered in the class that is only important what we have not covered that is not important we did not cover because it's a crash course it's not that it is not important or not necessary because it's a crash course we did not cover the topic understand realize that's why whenever I said students today whenever they want to go for coaching go for 100% proper coaching only if you want to go for coaching or do 100% self- preparation any one only don't be don't stand in between medium don't stand as a Medi you know like what mediocre next Trend analysis Trend analysis is very very very fake show me one Trend analysis that went successful see honestly suppose you take c a final audit you know there is a chapter called audit report okay audit report which will have approximately 100 Pages content total CA final syllabus is some thousand Pages let us assume okay now total syllabus is for 120 marks audit report 100 pages will be done minimum 12 marks to 20 marks this weightage minimum weightage will be fixed minimum 12 to 20 proportion is matching no show me more show me any exam paper having less than 12 marks or having more than 20 in this chapter definitely not now tell me Trend analysis in that also what will be there audit report chapter every attempt 10 marks to 15 marks questions only will come same proportion I showed right without even looking at the question bab analysis why are you following it's it's a waste of time getting don't follow the trend analysis and all every time the person who is setting the paper if in his mind if he feels so and so topic is very good to be tested he will test that even will not look at Trend analysis see suppose if I give you a chance to set question paper for upcoming exam what will you do will you open Trend analysis every attempt what what chapter they are testing will you pick up that chapter and test from the chapter or you you will think like no no I should give question paper in a different way will you think like this you will think in the second way you always wanted to do question paper in a different way but as for I instructions you have to cover all the concepts majorly all the chapters you have to cover so as for the instructions you will follow you will test you will ask questions from each and every chapter for sure hardly out of 15 suppose if if a particular subject is having 15 chapters some three to four chapters only they will not be covering first case some five chapters only they will not be covering in the exam remaining 10 chapters from each and every chapter question will be there don't follow Trend analysis this is this is a Mis guiding this is misguiding people don't follow behind that okay fine from now onwards February 14th right so every day I will be uploading for each subject one video on which one/ thir or which 1/4th portion you can keep Choice like for example if you're having 20 chapters some five chapters you can select and ignore it completely remaining 15 chapters you have to prepare the best 100% you have to prepare once you prepare 75% chapters in each and every subject if you still have time then the remaining 25% you can focus like that for each subject in CA inter and in CA final for audit I will upload various videos in the next coming few days getting it so just if you just follow that I think that will really help you that will help you to some to a large extent hope uh I am bit I spoke with bit some amount of intensity I hope you understood what I'm trying to tell please don't fall for all these traps be people are there to make to to deviate from what is your agenda from there are so many so many like what deviating forces getting it which will distract your learning process no control have control just because people around you are discussing about so and so question Bank there is no necessity that you have to discuss on that let them let them discuss so let them discuss what's what you're going to lose you stick to your plan very weak-minded people regularly will think about you know what is happening what is happening hey I will I will be losing to update that knowledge I will be losing this I will be losing no nothing you you prepare a plan stick to it have Target prepare that everything process and all then watch revision videos getting it then watch RTP question Bank finally you solve go to exam you see you will find a remarkable result the student who regularly changes his plan today is starting audit suddenly tomorrow somebody sh one question mark he will immediately tempted shall I read question mark that next day somebody will share some RTP video revision class video he ignore that and go there this fellow will always fail this fellow the chances of success rate will be very low I just want to tell this sorry if I hurted you any of your you know uh sentiments and all but I just want to tell you the facts okay take care

Channel: CA Ram Harsha

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Id: 8VECgkv2NAI

Length: 24min 25sec (1465 seconds)

Published: Wed Feb 14 2024