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+--- Thread: Mania? (Humble Request to Senior CA Students) (/thread-mania-humble-request-to-senior-ca-students)
Mania? (Humble Request to Senior CA Students) - zephyrrr - 05-05-2006
I've got ditched. I'm in a fix that what should I do now. I passed my Module(B) in first attempt but still could'nt pass Introduction to Economics and Finance of Module(A) because of which I lost the opportunity to enter Intermediate stage. For the first time when I appeared in Module(A), I went through the books written by "K.K. Dewitt", "Abdul Haleem Khawja", "Sohail Akhtar" and "PBP of Economics" and prepared fully this subject with proper understanding of it's various concepts in detail in well manner alongwith intensive repetition through tests. I was fully confident that I would be passing the whole Module in just first attempt but got refer in it and promoted to Module(B). I accept my folly what I did in the paper that I could'nt manage the huge amount of details of above mentioned studied books while answering the questions and could'nt even attempt more than 65% of the paper even I knew the answers of all the questions according to core requirement of the questions but in vain. Well, it was my mistake.
In this second attempt, I thought a lot about it and finally reached the conclusion that I must prepare breif notes in such a manner that those words should be used which have a wide range of meaning and cover a lot inspite of depicting the same sense in wordy expressions which would greatly reduce the time as well as would be proved to be an impressive manner of presenting the complete core required details of the questions asked timely. So that the whole paper could be attempted.
For example, consider the following
<b>Merits of Capitalism</b>
- Works automatically through "Price Mechanism" involving no cost of planning like in "Socialism".
- Efficiency and hardworking of entreprenuers and workers due to high profits and wage earnings motives increases output resulting in Economic Development.
- Economic Growth is accelerated due to increased rate of Capital Formation through investments of savings of people for more earnings because of right to own and acquire private property and pass it on in inheritence.
- Availability of quality goods at cheaper prices alongwith wide varitety of choice, acheivment of better living standard overall through technological progress and develepment of new techniques through researches for optimum utilization of resources results in healty competetion and economy prospers........
And so on..... upto further 7 points.
<b>BUT ! BUT ! BUT ! BUT !</b>
If you see the question paper you will come to know that marks are not assigned according to the core details required.
Consider the following This is the question asked in this attempt of "Economics" and is the first question of the paper.
Q1 Breifly describe the merits and demerits of Capitalism. (06 Marks)
Now, if you analyze the whole paper, total 18 questions including sub questions have been asked. The examiner is so strict that he saves 1 marks, 2 marks, 3 marks etc.. from each question which have not already been alloted the deserving marks and then puts again a question through this comprising the sum of above saved marks which is really very much painful for the student.
Inspite of such a breif and complete notes, I still could'nt complete the paper inspite of again intensive repetition through tests and again and again refining my concepts through coaching. Just because, I'm not a machine; I'm a human being who have a limited speed of writing. Although, it can be increased and I've increased also but upto certain limit, but what if the paper compels to go beyond limits?????? It means, that the students are at the mercy of ICAP that they would get passed in this attempt, if not, okay, in next attempt, if not still okay, next attempt .... O my God !!!!
If you analyze you will come to know that 180 minutes are available for 100 marks. It means 1.8 minutes are available for each mark. Now for above mentioned question six marks have been alloted. It means a student must must must must ..... (infinity) required to present if not more than atleast 4 points for merits and 4 for demerits in such a manner that they could be completely according to core requirement of question answered in well manner just in not more than 10 minutes. But my dear Examiner, if you go through this process, even using my above notes which are too much breif that if made more breif would be meaningless and would lose it's value and would not be able to satisfy the question requirement as we know that if we are saying something we must append a reasonable detail breifly in support as per above notes, you will come to know that it's still hard to write these points manually on a paper using pen in an examination hall where a heavy bullets of question have been fired towards the students in just ten minutes.
After all one would never write in the following manner
Merits of Capitalism
- Works automatically through price mechanism.
- Efficiency and hardword promotes economic development.
- Capital formation is increased which accelerates economic growth.
- Optimum utililzation of resources is attained.
How, how could it be so. These are the points if we write breifly in case of Socialism also come in line. As in Socialism, the Socialists calim that
- Optimum resource utilization is acheived in much better way.
How???? Same is being repeated in both cases i.e. in Capitalism as well as in Socialism. After all there must be some strong argument / reason to support and distinguish the statement made in it's respective context breifly.
Hence, it's proved, that it throughs a very bad impression on the examiner's mind and lets him considering the student having no proper understanding of concepts and inadequate details which were required. Consequently, Failure !!!!!!!
And if, someone attempts to solve through my technique like me, remains unable to solve the whole paper, after all it takes time. Questions are extra-ordinary lengthy and marks are not awarded properly.
Even you would get amazed to see the following question asked in this attempt of Economics
Q Give breif description of six instruments of Capital Market. (06 Marks)
O my God ! What the idea do you get from that question? Is the examiner is requiring to just provide the definition or simply write what they are in nature? No, man !!!!! No !!!!! He has asked breif description !!!! Breif Description !!!!! And that of six instruments each of just one mark. What do you think that the examiners also try to distribute the marks in points when they are helpless to fire the enough bullets of heavy questions against the student by saving one, two, three or even four marks out of that question(s) which must be given atleast atleast for god sake atleast ten marks??????
For God Sake, comment and help me out regarding this problem. I strongly put my humble request to my respectful seniors like <b>"Pracs", "Ali Akbar", "Sajjad Dar", "Muhammad Adnan Arshad"</b> etc... to let me know whether I should beleive that I'm on the mercy of ICAP, or I must have to solve the whole paper or leave the CA if I can't solve the whole paper, or I've become the victim of "Mania" regarding dispersed and scattered difficulties and their solutions for passing CA which are in vain and I must do respond like my fellows who say that they have left even 35 marks paper and still passed it in first attempt, or I should get admission in the mental hospital for mental rest and proper medication so that I could get rid of this mess of unknown and mysterious problems I've got trapped in unusually?????????
I'm on the verge of weeping now !!!!!!!! O my God ! What should I do !!!!!!!! I've been left in the lurch by ICAP, just for one paper I've to wait for next attempt !!!! And If I could'nt still pass it than??? OOOO PERHAPS, I WOULD BE DEFINITELY IN MENTAL HOSPITAL (HAHAHAHAHAHAH) LOLZ !!!! HMMMM....I THINK I'M A BIT GETTING CRAZY AND REACHING THE INTENSIVE LEVAL OF INSANITY FROM NOW .... !!!!
- Muhammad Adnan Arshad - 05-05-2006
Well! don't worry, this is a profession where one should have to burn ones boats. OK. So don't take tension about whatever you have done but be planned for the future. It is a time for decision to improve oneself.
Put your full concentration on your studies from the very first day. Now, you have a single paper (IEF) to attempt next; so be positive & accept it as a challenge for you & try to put your whole powers in your studies. Pray to ALLAH & work hard for the success. Because;
"GIRTAAY HAIN SHAH-SAWAAR MAIDAAN-E-JANG MAI"
Give first preference to IEF by PBP, CA-Study Text. Study Text(s) by PBP are very technically written books; they intake more time to comprehend than any other books to be consulted in CA-Studies. So, try to read it thoroughly with full concentration & extract definitions & basic concepts from it. Especially, macroeconomics & finance portion is excellently written in this Study Text. Don't refer to so many books like K.K.Dewett, Abdul Haleem Khawaja, Sohail Ahktar etc in total/fully. Use two or three books in all for economics preparation.
My recommendation to you will be;
1-IEF by PBP, CA-Study Text
(Economic Systems + Microeconomics + Macroeconomics + Financial Economics)
2-IEF, Past Papers by PAC, Lahore
3-K.K.Dewett (for little bit portion of Microeconomics & Macroeconomics)
4-Newspaper(s) (English & Business Portion Not Show-Business)
for current stock exchange information & latest updates/news especially.
- noman - 05-05-2006
from ur post i have concluded that u feel like u have to elaborate ur answers bcoz u feel like u must show examiner what u know.....but dear..u need to curb that feeling...it happend to me too....what u need to know and focus is...the various possiblities...not the detail of each point...but try to come up with more points....don't try to explain every thing in detail....
and other thing...NEVer CONSULT BCOM BOOKS...my reccomendation is...
follow the weightage given in syllabus....
focus more on finance and micro...bcoz these topics come from the book...macro topics u would have to rely more on ur general knowledge...this applies to finance topics also...
very carefully read the syllabus...u will see that capital and money markets details are not given in any book...similarly there are other topics which are not adequately covered....so u better watch much more news...and for books..
1-pbp...don't even leave a single paragraph...for micro and some macro+finance
2-haleem khwaja...for macro and finance...go through in its sequence ...u will get much better idea of finance...
hope that helps