So, Simple tips for students of CS professional level to Clear their CS FINAL EXAMS.
I
have seen many students posting various queries on how to approach CS
professional exams. I wanted to share my views on how to
go about it. My write up is divided into two parts, Part I covering General tips which shall be helpful for any stage of exams and Part II
covering Subject specific tips wherein inputs are given by me covering each and every subject. The idea is to give you clarity as to how to
impress the valuer and pass the exams. Now let me straight away go to Part I.
PART I – GENERAL TIPS
go about it. My write up is divided into two parts, Part I covering General tips which shall be helpful for any stage of exams and Part II
covering Subject specific tips wherein inputs are given by me covering each and every subject. The idea is to give you clarity as to how to
impress the valuer and pass the exams. Now let me straight away go to Part I.
PART I – GENERAL TIPS
THUMB
RULE
As a thumb rule make it a point to read the study material fully at least once. It’s unfair to criticize the material without even going through it once. Having reference books + scanner should come only after reading the material once.
PRE-READING BEFORE CLASS
If you are attending class for a particular subject and if you are aware what is going to be taught the next day please go through the particular chapter before attending your class. This has dual benefits. Firstly it will give you
lots of confidence when you attend the class, you will feel you are better off compared to your peers. Secondly you will get lot of doubts
when you do that much needed pre-reading. You can thereby clear your doubts in the class, which will not only be beneficial for you but for
others also.
As a thumb rule make it a point to read the study material fully at least once. It’s unfair to criticize the material without even going through it once. Having reference books + scanner should come only after reading the material once.
PRE-READING BEFORE CLASS
If you are attending class for a particular subject and if you are aware what is going to be taught the next day please go through the particular chapter before attending your class. This has dual benefits. Firstly it will give you
lots of confidence when you attend the class, you will feel you are better off compared to your peers. Secondly you will get lot of doubts
when you do that much needed pre-reading. You can thereby clear your doubts in the class, which will not only be beneficial for you but for
others also.
3.
WRITING
Make it a point to study 2 pages and write down whatever you have understood from it. Let that be in condensed form or point wise and ensure you write them neatly so that you will feel like reading. Then read another 2 or 3 pages and
repeat the same thing. Trust me this will do wonders for any student approaching the exam.
REVISION
Revision plays a key role in your preparation. Revision should be ideally of the following pattern:.
If you have studied a chapter on Monday, you will have to revise it necessarily by Wednesday and the second revision by Saturday. By the
time you revise for the third time you will be very confident and will know how much
remember of that topic.This will test your memory skills and you will also understand the points, which you have left out.You can even revise from whatever you have written on your note if you are running short of time.
MINDSET
Don’t get tensed thinking about the exams. It is important you do not get stressed atleast a month or two before exams.One should keep his mind free of any anxiety or tension by listening to music for sometime or watching television.Moreover, when you start reading a subject, don’t think that it’s a hard subject
because nothing is hard in this world and nothing is easy too.It all depends on your
mentality about that concept.
QUESTION PAPER DISCUSSION:-
Do not discuss your question paper immediately after the exams. I have seen many
do this mistake. Don’t even ask your friend how the paper was. If you feel it was tough, let it be, if your friend says the paper was easy you will feel dejected. The reason I say this because more papers will follow and its important to
keep your mind set focussed until you complete all the papers. Now take a look at this example.
My friend had 2 groups pending Group 1 and 2.
He finished his group 1 exam, the paper was obviously tough. He got too negative and he couldn’t prepare for next day’s exam. He ended up missing group 2 exams. To his surprise when the results were declared he passed group 1. He wasted 6 months and appeared for group 2 next time. Kindly do not decide on your mark
-that is very silly. Sometimes luck plays a crucial part.
PREPARATION FOR EXAMS:-
Remember if your preparation was decent and if the paper was tough, the paper would have been tough for everyone. Please note that with
the introduction of Companies Act, 2013 going forward the papers as well as the valuation will definitely be tough. Because the new Act
recognizes us as Key Managerial Personnel and consequently, Institute would want to set high standards for us. So plan your preparation accordingly. You cannot get through CS exams with minimum level preparation.
Make it a point to study 2 pages and write down whatever you have understood from it. Let that be in condensed form or point wise and ensure you write them neatly so that you will feel like reading. Then read another 2 or 3 pages and
repeat the same thing. Trust me this will do wonders for any student approaching the exam.
REVISION
Revision plays a key role in your preparation. Revision should be ideally of the following pattern:.
If you have studied a chapter on Monday, you will have to revise it necessarily by Wednesday and the second revision by Saturday. By the
time you revise for the third time you will be very confident and will know how much
remember of that topic.This will test your memory skills and you will also understand the points, which you have left out.You can even revise from whatever you have written on your note if you are running short of time.
MINDSET
Don’t get tensed thinking about the exams. It is important you do not get stressed atleast a month or two before exams.One should keep his mind free of any anxiety or tension by listening to music for sometime or watching television.Moreover, when you start reading a subject, don’t think that it’s a hard subject
because nothing is hard in this world and nothing is easy too.It all depends on your
mentality about that concept.
QUESTION PAPER DISCUSSION:-
Do not discuss your question paper immediately after the exams. I have seen many
do this mistake. Don’t even ask your friend how the paper was. If you feel it was tough, let it be, if your friend says the paper was easy you will feel dejected. The reason I say this because more papers will follow and its important to
keep your mind set focussed until you complete all the papers. Now take a look at this example.
My friend had 2 groups pending Group 1 and 2.
He finished his group 1 exam, the paper was obviously tough. He got too negative and he couldn’t prepare for next day’s exam. He ended up missing group 2 exams. To his surprise when the results were declared he passed group 1. He wasted 6 months and appeared for group 2 next time. Kindly do not decide on your mark
-that is very silly. Sometimes luck plays a crucial part.
PREPARATION FOR EXAMS:-
Remember if your preparation was decent and if the paper was tough, the paper would have been tough for everyone. Please note that with
the introduction of Companies Act, 2013 going forward the papers as well as the valuation will definitely be tough. Because the new Act
recognizes us as Key Managerial Personnel and consequently, Institute would want to set high standards for us. So plan your preparation accordingly. You cannot get through CS exams with minimum level preparation.
YOU MAY ALSO LOOK AT :
TIME PERIOD :-
You need to start preparation atleast 6 months before the exams with proper revision.
HARDWORK (85%-90%) + LUCK (15%-10%)=
PASS
***** END OF PART 1*******
Before proceeding to part 2 please ensure that you have one favourite subject in each group where you can aim 60 in it. For example if you
feel tax paper is damn tough you have to aim for 60 in Strategic Management.
PART 2- SUBJECT SPECIFIC
GROUP 1 –
1. COMPANY SECRETARIAL
PRACTICE
· It is very important to start your
training to get a grip on this subject.
Once you have started your training
with a PCS/ Company, E-forms will be
easy for you. Remember there will be
lot of 1 mark questions on E-forms-
this will be pretty easy for you.
· Make it a habit to read stuffs with the
help of Sections. For example if your
trainer asks you to prepare and file
form 23 do not blindly do that. Read
section 192, be sure of whatever you
are doing. Ask many doubts even if
they are silly.
· Read more and more case laws. If you
have the habit of reading novels read
the case laws just like you do for
novels. In the beginning you will find it
difficult. Probably you can do this as a
team by reading case laws over night
and discussing about it with your
colleagues – kind of quiz or something.
The idea is to make learning
interesting. Remember you will get all
these chances only when you are in
training period. Grab that opportunity
with both hands.
· While almost all the chapters are
important please do not omit the last
chapter i.e Global Developments in
Company Law. We all make a mistake
by omitting this chapter thinking its not
important but trust me there will
definitely be a question on this chapter.
· Try drafting more and more
resolutions. Practice that on a daily
basis. Its not that difficult guys.
· Please do not quote wrong section
numbers and irritate the valuer.If you
cant recollect the particular Section,
then better to write “ as per the
provisions of Companies
Act,2013/1956” rather than quoting a
wrong section.
2. DRAFTING, APPEARANCES AND
PLEADINGS
· I would suggest to read the
Appearances and pleadings part first.
· You definitely need to master the first
2 chapters... Very very important.
· Once you are done with it just go
through various agreements on a daily
basis. When you feel bored up reading
definitions try drafting an agreement
on your own. It’s okay if the output is
horrible. Start with a very simple
agreement. You will see how you
improve from your 3 rd or 4th
agreement.
· On how to draft an agreement and also
various deeds, I have specific useful
notes which I will send upon request.
GROUP 2 –
3. FINANCIAL, TREASURY & FOREX
MANAGEMENT
· We all worry a lot about this subject
but if you like reading theory there is
good news for you. 60 marks theory 40
marks sums. Sums too you can score
with step marks if you present well
with working notes etc.
· Chapters 1, 4, 8,9,11 are all purely
theory. Rests of the chapters too
contain partly theory.
· Reading theory for FM is such a wise
decision because questions cannot be
twisted. Lot of repeated questions. You
can note down some 100 -120
distinguish between questions. Out of
which 5 will definitely come. 20 marks
is straight away up for grabs. You
should aim atleast 15-16 here.
· If you are against theory practice more
and more sums especially working
capital, capital budgeting, CAPM
Model& dividend policy.Opportunities
for scoring are high here so utilize it.
4. CORPORATE RESTRUCTURING &
INSOLVENCY
· Here Part B 30 marks concentrate
well. Cross border insolvency will be
little vague but for that all the chapters
will be interesting.
· Actually this subject is the most
interesting of all the 8 papers. You can
probably not focus much on legal
documentation chapter.
· You have to be very confident about
Mergers & Amalgamation and
takeovers. Get to know more and more
case laws. If you start your answer with
the proper case law your battle is half
won.
· Note down some 40 case laws and keep
revising them . For ex. If both
companies are under one jurisdiction
of high court- joint application can be
made ( Mohan Exports Ltd V Tarun
Overseas P.Ltd)
· Suggestion - Please buy Sangeet Kedia’s
book for this subject. It is simply
awesome.
GROUP 3 –
5. STRATEGIC MANAGEMENT,
ALLIANCES AND INTERNATIONAL
TRADE.
· Very simple strategy – Concentrate on
Part B- Strategic Alliances. Be thorough
with those 60 odd pages. Aim for 16 out
of 20.
· Then Concentrate on Part C. it is
actually interesting if you think it is.
You can read it like a novel.
· Part A you can easily figure out the
important topics in each chapter. I am
listing out few of them, Porter’s five
forces model, Swot Analysis, Business
Process Reengineering, BCG matrix,Life
cycle analysis,Benchmarking, Mckinsey
7-s Framework etc.
Suggestion - Book by Chinmay Jain on
this subject published by Lawpoint is
awesome.
6. ADVANCED TAX LAWS AND
PRACTICE
I know many of you would have been
waiting for this part or some might
have switched directly here :P
· This paper is getting tougher because
Institute wants us to be an expert on
tax laws. Focus first on International
taxation. Target that 30 marks. Trust
me getting 18-20 here is not at all
difficult.
· Part B Indirect tax – read the book
completely as many times as possible
so that you can easily crack one word
answers. Read this for knowledge sake
and not for exams. Indirect tax is
probably more interesting than Direct
or international tax.
· Part A – do not forget whatever u have
studied in your graduation. 5 heads of
income. You have to be sure of tax
planning. Also on TDS provisions ,
conversion to LLP tax benefits,
MAT,AMT etc.
· My suggestion would be to concentrate
more on PART B and C because part A
is an ocean and you will not be able to
cover fully.
Suggestion -Book by Yogendra Bangar
is a must for this subject.
GROUP-4
7. DUE DILIGENCE AND CORPORATE
COMPLIANCE MANAGEMENT
· There are many small chapters like
search report, legal due diligence, 1 st
chapter etc. finish off all these chapters
first. You will get confidence that you
have covered enough.
· Then study important chapters like
Equity issues, Listing agreement,
Depository Receipts etc.
· In fact all the chapters are important
in this subject and hence do not omit
any. Read the book fully to crack one
word questions (if being asked).
8. GOVERNANCE, BUSINESS ETHICS
AND SUSTAINABILITY
· PART B – Business Ethics 60 odd pages
– 30 marks
· Part C – Corporate sustainability 50
odd pages -20 marks
· Part A –Corporate Governance 265
pages -50 marks.
· This pretty much sums up guys be
thorough in Part B and Part C . |It
should be on your finger tips. Aim for
35 here. Read line by line, word by
word just 120 pages.
· In Part A please do not omit chapter 9,
definitely there will be a question here.
1 st 3 chapters are very important .Also
Chapter 6 and 7.
Sorry for the length of the write up guys.
Wanted this to be as exhaustive as
possible. It took me more than 2 weeks
to compile this. I have worked really
hard for this. Hope you follow this and
find it useful. Please do inform me when
you have passed using these as a tool. I
will be more than happy to know that.
And please do not read this as we do for
exams -Only side headings :P
You can contact me for any queries or
help that you may require. I am also
planning to conduct a free orientation
session in Chennai on the same topic. I
will work out how to make it a reality.
DISCLAIMER : These are only my views
to crack the exams. These have been
compiled by me out of my own
experience and from observation of
others. I would be glad if it helps any
of the readers. If you find it useful, do
shoot a mail..
ADMIN : NISHANT JAIN
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