By Sumit Parashar Sir
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Chartered accountancy is considered as one of the toughest exam in India due to it’s very less passing percentage. CA exams are conducted in 3 levels, and a candidate becomes a qualified chartered accountant after clearing all these levels namely CA Foundation, CA Inter, and CA Final. Among three levels the Intermediate level is vital as only after this level or clearing one group of this level a student may start articleship which is mandatory for all.
CA Intermediate has two groups namely Group 1 (CA Inter Grp 1) & Group 2 (CA Inter Grp 2). Each group consists of 4 papers, so on inter level there are altogether 8 papers. EIS-SM is placed under CA Inter group 2. In CA Inter Grp 2 there are 4 papers, those are:
Paper 5: Advance accounting
Paper 6: Audit & Assurance
Paper 7: EIS-SM (Enterprise information system & Strategic management)
Paper 8: FM-EFF
Out of above mentioned 4 papers, the EIS-SM is considered most important paper from examination point of view. It’s a technical paper and demands vast knowledge of technology and strategic management to crack this exam. EIS-SM determines the success or failure to a great extent in CA Inter or in CA Inter group 2 specifically. It is seen that majority of students who try to have some shortcut or rely on some entertaining way of studies usually gets experience and not result. Only way to tackle such paper is to have in depth understanding of both Enterprise information system and strategic management. Having balance of content and concept is critical to get success in EIS-SM.
Knowing strategy of dealing tough papers like EIS-SM should start with discarding all myths, as these myths are spread by few out of vested interests, lets see some common myths;
1. EIS-SM is a boring paper and not possible to understand.
2. It is not scoring paper.
3. RTP & MTP are enough to crack exam.
4. ICAI Study mat need to be memorized.
There are a lot of such opinions you must have heard of. In fact the EIS-SM IS;
Ø Highly scoring paper.
Ø Quite interesting paper provided you don’t fall in trap of such people who keeps underlining books and keep translating English to Hindi what they call teaching.
Ø RTP, MTP etc., only covers 15-20% of paper.
Ø You don’t need to memorize ICAI Study mat line by line. Trust me ICAI doesn’t want to have such CAs J (RATTA MASTERS) but they wants to create world class professionals. They are more interested in your level of knowledge and your presentation and not only in your ability to memorize things.
There are lot of aspects what we can discuss here, but having time constraint I am putting my pen to rest here. In next writing I will be talking about CA Inter EIS-SM in details chapter-wise.
CA Inter EIS SM Classes | Paper-7
A-Section: Enterprise Information Systems: EIS
- Chapter 1: Automated Business Processes
- Chapter 2: Financial and Accounting Systems
- Chapter 3: Information Systems and its Components
- Chapter 4: E-Commerce, M-Commerce and Emerging Technologies
- Chapter 5: Core Banking Systems
B-Section: Strategic Management: SM
- Chapter 1: Introduction to Strategic Management
- Chapter 2: Dynamics of Competitive Strategy
- Chapter 3: Strategic Management Process
- Chapter 4: Corporate Level Strategies
- Chapter 5: Business Level Strategies
- Chapter 6: Functional Level Strategies
- Chapter 7: Organization and Strategic Leadership
- Chapter 8: Strategy Implementation and Control
Way to Pinnacle India's no #1 CA Institute Providing EIS SM Classes by Award-winning CA EISSM faculty Sumit Parashar Sir. He has vast experience in teaching EIS SM and he is also the director of Way to Pinnacle. He has vast experience in teaching CA Inter EIS SM Classes / EIS SM Pendrive Classes, IT-SM Classes & ISCA and has produced All India ranks and hundreds of exemptions each attempt consistently. He is renowned for his modern and interesting teaching style which gives concept clarity to students as well as enables them to score huge marks in the subject. Sumit Parashars Sir's EIS SM Face to Face Classes Available in Laxmi Nagar, EIS SM Pendrive Classes and Virtual Classes are also available for PAN India. Sumit Parashar is considered as the best faculty of EIS SM.
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