Friday, March 20, 2009

~One for the Accountancy Exam~

So, am back with another technique from my kitty. This one is more specific, it deals with time management. Although it sounds clichéd, but “Time Management” can actually bring the d;ifference of a rank or even passing for a few. I’d like you to attempt the questions in the given sequence
1. Q5 of the exam:
The question requires an attempt of 8 out of 10 questions. The time allowed is (8*3) 24 minutes. Going with the preparation, majorly, 3 scenarios arise: Aggressive, Normal & Conservative.
With the aggressive estimate, we hit the target full on i.e. 100% or 16 mks. With the Normal estimate we take a reasonable score of 10 mks.

2. Q6 of the exam:
This question needs an attempt of 4/6 questions. We take 20 min for this i.e. 5 min per question. An aggressive estimate of 16 marks and 12 mks, a normal estimation.

3. Q2 of the exam:
In a professional exam like CA, the examiners are not really in a mood of favoring students with an easily earned share of pie so they give their best in preparing a few questions where the best is tested. Here we go head on with the best effort of the examiner: a 16 mark question. This question deserves a good long 30 minutes of the total time. We’d like to believe that we are best in business.. so our aggressive bet: 16 mks. Taking a normal estimate, we give a fair 12 to our effort.

4. Q3 of the exam:
Here we get two 8 mark questions, worth 16 marks. Take 20 min for each of this. The aggressive scoring: 16 marks and Normal: 12 marks.

Total Score Card: 114 min(time taken) - 64 mks(total attempt) – 46(normal scoring estimate)
If you’ve noticed, I have not take the conservative estimate as yet.. here it is:
ADD 10% to time and DEDUCT 10% from marks
Conservative Scorecard: 125 min(Time Taken) – 41(Marks Achieved)
Now we are left with 1 hr. and 2 questions worth 36 marks in hand. It seems more of an opportunity than challenge now. As they say “Glass half empty or half full” it is for you to decide.
This technique blended with 6-5-4-3 would ensure ‘ZERO’ flunks. Another surety from my side that the questions given in the exam wouldn’t just be a best fit for this technique but also for my class notes. All the questions we will or already have practiced would suffice the preparation. Hard to believe, but it’s a fact. You might think, it’s quite a promotion of my classes and blog but hey…who cares, Its my blog and my students. Cheers!

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