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Preparing for Financial Services & Capital Markets | CA Final Subject-wise Tips

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In the CA Final examination, new changes and formats have introduced enough speculations and anxiety already. With correct and helpful information, what seems like an uncertain walk in the dark can become a purposeful journey towards cracking the CA final examination.

how to prepare ca final financial services and capital markets

SuperProfs article series on CA Final Electives will help throw some light on how to prepare for electives and hopefully address many of your uncertainties and anxieties. One of the most popular electives and considered a big hit in terms of scoring is the Financial Services and Capital Markets (Elective 6B) in group II of CA Final.

This article covers:

All about CA Final Financial Services and Capital Markets (FSCM)

Paper 6B in CA Final is Financial Services & Capital Markets, one of the electives/optional subjects for you to choose from a plethora of others. If you have prepared well during your IPCC course in the paper of Financial Management, your foundation is strong for you to score well in this elective.

Being a concept-oriented paper, FSCMis touted as a favourite among electives due to some advantages. It is high scoring and is considered a great add-on for aspirants looking for a career in investment banking, equity research and stock markets.

The examination is an open-book type, which is both easy and difficult at the same time. While all information can be made available to you, only with conceptual clarity will you be able to use the information correctly and to score well.

The amendments in this subject are the least and thus the syllabus can be covered easily. FiveSEBI regulations need to be studied in detail for this paper.

The paper comprises 3 case studies with four hours’ time, with a mix of multiple-choice questions and descriptive questions in a 40%-60% ratio. You will need to attempt 2 out of 3 case studies.

This elective is also reckoned as putting CA aspirants on the same level as MBA Finance graduates due to its extensive coverage of financial markets and services, which was previously not offered during the course of CA.

How to study CA Final FSCM

CA CS CMA Free Lectures

Cracking an open book examination requires clever preparation, and given below are some tips to help you:

  • Understanding current business affairs is extremely important and could give you an edge over your competitors in terms of scoring
  • In a case study format – the problem statements could be real-world live examples of business scenarios. In such a situation, knowing where to look is as important as knowing what to look for
  • Go through and practice the existing case studies published on ICAI website. Videos to decode the case studies and understand important areas of FSCM can be found here
  • Make notes while learning each chapter, specifically decoding difficult areas. Indexing the material available and categorizing them into groups will help you locate content accurately and speedily.

How to score well in Financial Services and Capital Markets

  • Attempt MCQs first and attempt all as there is no negative marking
  • As much as possible, in the theory-based answers, include real-world live examples to demonstrate your depth of understanding. This will create a good impression on the examiner
  • SEBI regulations need to be understood thoroughly, since many MCQs and case studies will be designed to test your understanding of the application of regulations in various scenarios
  • Presentation is of great importance, especially in answers where you are required to present your argument. Structuring your answers into sections with headlines and highlighting important parts of the answer will make reading easy and you can grab the attention of the examiner towards your points that you are most confident about
  • Here’s a step-by-step procedure to attempt the questions:
    • Step 1: Read and understand the case study properly and make a note of the topics and subtopics that it refers to
    • Step 2: Pay attention to the problem statement and figure out the bottlenecks
    • Step 3: Refer to the relevant topic and subtopics from your study material and books for anything including laws, sections etc that you would need while solving the case study. Underline them for quick reference
    • Step 4: Answer multiple choice questions first
    • Step 5: Answer the other questions while maintaining your originality
  • Since this is a huge market, you will have access to multiple manuals, books and text books. Don’t get confused taking multiple books and end up getting overwhelmed. Choose a material at the beginning depending on your comfort and stick to it. ICAI study manuals are available for revision
  • Mock test papers, revision test papers and case studies are uploaded on ICAI website. It is advisable that aspirants take the test paper completely, mimicking the actual exam scenario to understand which sections consume maximum time and alter their attempts accordingly.

Online resources to prepare for Financial Services & Capital Markets

Study material: https://www.icai.org/post.html?post_id=13982

Case study 1: https://resource.cdn.icai.org/48786bos32733-6b.pdf

Solution to case study 1: https://resource.cdn.icai.org/49059bos32858-finalp6b.PDF

Case study 2: https://resource.cdn.icai.org/52056bos41745-cs2.pdf

Solution to case study 2:https://resource.cdn.icai.org/52057bos41745-cs2sol.pdf

Case study 3: https://resource.cdn.icai.org/52058bos41745-cs3.pdf

Solution to case study 3: https://resource.cdn.icai.org/52059bos41745-cs3sol.pdf

Question papers:

May 2019: https://resource.cdn.icai.org/55470bos44840p6b.pdf

Nov 2018: https://resource.cdn.icai.org/52621bos42154finalnew-nov18-p6b.pdf

May 2018: https://resource.cdn.icai.org/50210bos39812finalnewqp6b.pdf

Suggested answers:

CA CS CMA Free Lectures

Nov 2018: https://resource.cdn.icai.org/54635bos43793p6b.pdf

May 2018: https://resource.cdn.icai.org/51242bos40940.pdf

Revision test paper: https://resource.cdn.icai.org/48721bos32721p6.pdf

Mock test paper:

Questions:https://resource.cdn.icai.org/54768bos43895fnewp6b-q.pdf

Answesr: https://resource.cdn.icai.org/54769bos43895fnewp6b-a.pdf

Few Important Links for CA Students

CA IPCC SyllabusCA IPCC RegistrationCA IPCC Exam Dates
CA IPCC Papers & Mock TestsCA IPCC Study PlanCA IPCC Suggested Answer
CA IPCC Revision Test PapersCA IPCC Study MaterialCA IPCC Important Dates

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Also Read:

How To Prepare For Advanced Auditing- CA Final Subject-Wise Tips

How To Prepare For Corporate And Economic Laws: CA Final Subject-Wise Tips

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