Third attempt

Once again I returned from a long blogging gap. And as usual I was busy. My CA exam is knocking at the door and I was panicking all these time and tried to get prepared for the exam. In the meantime my CMA exam was held. Moreover I was busy with my audit works and CA classes. All together I was in great pressure. But now I am free a bit because I took a leave for a month from my CA firm. It’s a tradition in our firm that those who will appear in the any CA exams for the first time will get a leave for a month.

Even though I was preparing for CA exams, I attended two exams of level 1 of CMA exams. I admitted in CMA back in December 2011. I first appeared on CMA exam in August 2012 exam and then in December 2012 exam. I passed a subject each time. So in 2 attempt I passed 2 out of 4 subjects in Level 1 exams. So April 2013 exam was my third attempt. In this time I appeared on two subjects which were Intermediate Financial Accounting (IFA) and Cost Accounting (COA). I appeared in these exams in previous exams. It was my third attempt in IFA and second in COA.

Although my last attempts could not bring me any success, but I am sure I will be successful this time. At least I will be successful in IFA. And that will be a big one for me. Because , except for CMA exams, I never failed in any accounting exams in my life. In fact I used to get the top marks. Moreover Accounting is y favorite subject. So failing in this subject hurts my ego.

I hope I will pass in both subjects and will appear for 2 subjects of level 2 in August 2013 exams. My new year resolution was to complete at least 100 marks by  this year. I believe I will be able to achieve my goal. My another goal was to pass all courses of Knowledge level of CA exams. I hope I will be able to do that by this year too. Pray for me.

 

The most confusing exam I’ve encountered!

When you are done with an exam, you know how you did in the exam. It could be very good, Very bad or average. At least you are not confused about it. But I was after my exam today.

Today I had my “Investment Theory” (FIN435) first midterm exam. My faculty made everything so clear that I didn’t have to study much. But still I  revised what my faculty taught us in class and practiced some Problems on calculating Required Rate of Return (RRR) and Standard deviation between RRR & ERR. I also practiced math on Cash Trading, Merchant Trading, Short Sale etc. But I forgot to practice maths on prediction with Bloom’s formula. Also in the morning, before exam time, I reviewed some of the terms with some of my classmates. So, I was satisfied with my preparation.

When the exam started, I didn’t find the math problem hard, though I was little confused about the theoretical part. But Still I was ok with those and finished my exam before time.

When I was submitting my script, I was sure that my exam was great. But when I stepped out of the exam room, I figured that I’ve made a mistake in a T/F which will cost me two marks.  And still I was OK with that. Later, when exam was over, I talked with my friends and other classmates about the exam and answers to the questions.  I found I have made a mistake in bloom’s formula. I was upset for that. But I was surprised when everyone was telling how they solved the problems in exam and everyone is different from others. None of us had a common answer. Everyone solved the problem in their own way and come up with explanation about it.

I’m very confused about the exam. I believe  I was right in the exam. But unfortunately no one is accepting my explanation. I don’t know if my answers are right or not. I Can’t understand how was my exam. This is the most confusing exam I’ve encountered with. Hope I’ll get out of this confusion soon because I’m not liking the confusion.

Old Blog 11: Theory in Practice

you may know that I’ve chosen Finance as my major for undergrad.  And i think you know that most of the time finance deals with share markets. As a finance student i’ve learned many financial application regarding the stock market. And I thought I would learn better if I practically get involved with the stock market.  So I opened a BO account and applied for the ACI’s 20% convertible ZCB bond & 1st IFIC bank Mutual Fund. against 4 BO accounts (2 of mine & 2 of my father’s) i’ve applied. I also deposited 35K for the subscription.  i don’t know whether I’ve made a good decision or not.  I’m taking a risk for my 35K. if I fail,  i’ll loose my investment. Also i’ll fail my father’s money. So I have to be serious about it. but first, i have to get the ZCBs and MF shares. 😛

First Published on :February 3,2010.