CRACK IT WITH A PEN AND PAPER

Strategic Financial Management has been increasingly gaining importance in the CA Final Curriculum and is expected to trend as one of the more challenging papers in times to come. Some of the important pointers to approach the subject from the conceptual and examination point of view have been discussed below, however, over the years institute has been focussing on high level of conceptual clarity and ability to solve practical questions in a very tight time frame. This requires oneself to practice each topic thoroughly with an ability to apply the same in real life situations. From the examination perspective almost equal weightage is given to all the topics. Further, an all-round understanding of the subject helps in solving questions with interrelated concepts. The subject requires an in-depth application of mathematics and statistics and hence it goes without saying that the importance of written practice with a ‘ pen and paper ‘ is a must. Remember: “ Preparation without written practice is actually no preparation“. Even though focus on solving practical problems should be one’s primary goal in order to get through, the importance of theory questions cannot be undetermined. Further, in times of distress they help you to sail through with some extra marks. The institute provides enough material for preparation in the form of modules. RTP’s and past exam papers for reference purpose. If practiced properly, nothing should stop one from scoring an exemption. It is not advisable to refer to books or notes of varied authors and classes as it leads to further confusion and mixing up of concepts. At the end of the day those three hours is your time of truth and they matter the most. Plan them strategically: move on if you get stuck in a problem and come back to it later.