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EXAMINATION TIPS FOR ICWAI STUDENTS WRITTEN BY CMA SAMIR BISWAL

Knowing ICWAI:
Make a self-introspection, understand the qualities and strengths and make a
resolution to complete the course well within time. The prospectus should be read carefully and doubts should be clarify immediately
Visit the Website
Proper study materials should be taken, suggested answers and scanners should be read.  Enroll yourself as a student of e Learning from the beginning to get immense benefit of it.
For e-earning details log in to: www.eicwai.in
Studying Hours & Studying pattern:
Spend at least 6-8 hours on daily basis for your preparation, covering all the subjects. However, this needs to go up to 12-14 hours gradually as the exam approaches. Make an analysis of the trend and pattern of the questions for the last 5 years (10 terms) in order to have a clear idea about the important chapters and type of questions. It is better if you solve more and more question papers. Attend all the classes regularly.
Preparation Tips:
  1. Figure out your mistakes or reason for low marks, if any, in the previous examination and promise yourself to avoid them in your next exam
  2. Study from Study Notes of the Institute for all subjects supplemented by other books recommended by your faculty.
  3. Make a plan of the time available and the syllabus to be covered.
  4. Monitor the schedule on a weekly basis and reinforce your efforts to make up the backlog. 
  5. Ensure two revisions before you appear for the examination. In other words, a minimum of three readings should have been completed by the time you appear for the examination. 
  6. Study the question papers of previous examinations to be able to categories all the topics in each subject and understand broad trends of these categories. 
  7.  Based on above and marks allotted give weightage to each category and accordingly prepare for the examination.
  8.  In the case of theory subjects, focus on understanding the concepts thoroughly and its application. In subjects such as law, give due regard to case laws and sections.In subjects such as Economics, spend some effort on statistics and general reading of business newspapers and news magazines. 
  9. In the case of numerical subjects, such as Accountancy, Costing and Mathematics focus on understanding the methods, formulae and format of presenting the solution.
10.  Solve as many problems as you can. Prepare for these subjects from the beginning of the year/ session and on a continuous basis. Practice use of your calculator effectively to maximise its efficiency in the examination Hall. Remember speed is a crucial requirement. 
Examination Tips:
1. Take a quick glance at the question paper spending not more than five minutes to select the questions you are likely to answer.

2. Answer the easiest question first and in that order the rest. It is compulsory to answer the Compulsory Question. By not answering the compulsory question your maximum marks will be limited to 80%. (But the answer paper itself , will be valid.).

3. It is preferable to answer the fewer questions correctly and fully rather than more questions answered partially in each case.

4. Just before answering each question, read the question very carefully word by word trying to make the significance of each word, atleast once. If necessary, this may repeat even three or four times, particularly in the numerical subjects.

5. Allot time for each question based on marks allotted to the question. Generally you have about 160 minutes to answer for 100 marks after deducting time for question paper scanning, planning answering sequence, personal relaxation time etc .Hence you can allot 1.5 mts per mark. Try to stick to the schedules. However, the compulsory question may take longer, sometimes up to one hour. You will have to make up the time from the easier questions.

6. Answer the theory questions preferably last in the case of numerical subjects as these can be answered correctly in shorter periods quite often.

7. Impress the valuator with the first answer. It should represent you caliber to give a good answer in all respects: content, neatness and presentation.

8. If there is a question for which you do know the answer but do not have the time to write it fully, write a synopsis for the answer. This should be done, if required, only at the end of the answer sheet. 
It is high time for us to understand the importance for the study. There are certain Pre – Conditions for a successful study. Accordingly I’d request you to properly plan your study schedule for the day. Finish the entire schedule within the time period.

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This Article is written by CMA Samir Biswal. He can be reached at cmasamirbiswal@gmail.com

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