Thursday, 30 April 2026

How to approach/ present Module 2- Tips by Recently passed out students

HARIPRIYA


1. SMCF

Start with Part A , as it is already covered in CS Executive and will be easier to revise. Focus on understanding the concepts since most questions are case based.

In Part B, both theory and numericals are important. Numericals are commonly asked from Lesson 8 & 14 (ICDR & Debt Funding), which are comparatively lengthy, so try to complete them first. You may also refer to Shubham Suklecha’s YouTube marathon videos for better clarity.

2. CRVI

Prepare Part B thoroughly as both theory and practical questions are important, and then cover Part A. For Part C, if you have chosen IBC as the open book subject, you can read it from IBC (open book) and for case laws you may refer to CRVI study material as it contains additional case laws. From exam perspective, quote case laws or provisions only if you are sure about it.

3. IBC

Focus on understanding the concepts, as questions are mostly case based. Preparing a simple index of all topics (including small topics) will help in locating contents quickly during the open book exam.

BHARGAV

For CRVI

*Identify the areas where you are strong.

*Complete those parts first.

*Build your study plan based on:

* chapter weightage

* mark distribution

* your personal comfort with topics

For all subjects, you need a smart and structured plan—divide the syllabus part-wise, marks-wise, and interest-wise.

SARANA

Paper 5 – SMCF (Strategic Management & Corporate Finance) ✨

This paper consists of two different areas – Strategic Management (SM) and Corporate Finance (CF) – and each requires a slightly different approach.

For Corporate Finance, students should focus on practicing numericals regularly. Many questions in this section are calculation-based, so solving problems consistently is very important.

Practicing numericals helps in understanding the concepts clearly and improves speed and accuracy during the exam. Give equal importance to theory and numericals
Another important aspect of CF is remembering various limits and financial parameters.

A useful method is to prepare a summary chart of important limits and formulas and keep it in your study area. Seeing these charts regularly helps reinforce memory and makes it easier to recall them during the exam.

For Strategic Management, the focus should be on conceptual understanding. Since the subject contains several models and frameworks, it is helpful to prepare short and crisp notes that can be revised multiple times before the exam.

Revising these notes frequently will help retain key concepts and frameworks.

Paper 6 – CRVI (Corporate Restructuring, Valuation & Insolvency) ✨

A good way to begin this subject is by starting with Valuation, as it contains both theory and numerical concepts.

Understanding valuation methods early helps in building confidence and provides a strong base for the rest of the subject.

After valuation, students can move to Part C – Insolvency and Bankruptcy. Questions in this area are often case law oriented, so preparation should include understanding important judicial decisions and how the provisions are interpreted in practice.

Part A contains comparatively larger content, so it is important to study each chapter with clear conceptual understanding rather than focusing only on memorization.

Paper 7 – IBC (Open Book) ✨

For the open book component relating to insolvency, students should study the provisions of the Insolvency and Bankruptcy Code, 2016 along with relevant case laws. In the exam, questions may not directly mention the section number.

Students will need to analyze the situation, identify the relevant provision and connect it with the appropriate case law.

Once this approach is practiced, answering such questions becomes much easier.

SUPRAJA


SMCF:

Part 1 is fully theory and mostly scoring. The first 3 lessons are easier, while the last 3 may feel dry—take your time with them. In Part 2, ICDR and Debt Funding are important and lengthy; while studying, note only the main headings for easier revision. Also analyse past question papers for patterns.

CRVI:

This subject has 3 parts. If you’ve taken IBC as the open book subject, you can study the 3rd part directly from the IBC book and skip those lessons in CRVI. Part 2 is a scoring area (often asked as 4 questions of 5 marks each). Analyse past papers to understand whether *numericals or theory are likely for the attempt. For numericals, refer to

Mr. Shubham Shuklecha’s videos and learn from them or can use the PDFs with answers attached to the videos and practise from them. Be thorough with Part B, and in Part A, Lesson 2 is very important.

IBC (Open Book):

Attempt all 100 marks. Carry the ICSI material, case law sheet, and Bare Act if needed. Since you have already studied and attended IBC in CRVI, try to write answers on your own without referring to the material or refer only for citing case laws. Questions are usually case-based—read the question first, then locate the answer in the case. Always clearly conclude with YES/NO or Applicable/Not Applicable, followed by the relevant provision.

TISHA

Valuation:- read 100% because 2 chapters; 20 marks.

IBC: it’s like a series so when you read it, read it as a whole process from section 7 right upto liquidation, once you read in twice thrice, you will get the hang of it.
Must see PYQ’s to understand what is asked in the exams repeatedly.
In part A, it might seem vast but majorly you need to know Section 230-240, takeover code.

RIMA



1.SMCF - This is a lengthy one where try to cover the portions which are known (as some part is already taken in CS Executive) and then go for further one.
2. CRVI
Prepare Part B of the subject as it has both Theory and practical questions and then go for part A and C

3. IBC
Being an open book exam, as said for mod 1 conceptual understanding required, try to prepare short notes AND IMPORTANTLY INDEX which is going to guide thru that 3 hrs exam.

SANDHYA

CRVI - Focus on Numericals in valuation. Insolvency is interesting, focus on that, especially when your elective is IBC. That way you will feel like you only have 2 subjects to study.




SMCF - SM is the scoring part, focus really well on that. CF has been tough the previous attempts, so prepare accordingly.

Open Book - I would recommend IBLP for convenience.

HEMASRI



* I personally did self-study, taking classes is optional. For Module 2, self-study is usually enough because the concepts are quite understandable.

* Module 2 has only three subjects, so it is comparatively manageable.

* If you choose IBC as your elective, it becomes easier because many chapters are already covered in CRVI (Part C – Insolvency). Only a few additional chapters need to be studied.

Subject-wise Approach

* SM (Strategic Management) – Mostly theory and comparatively easy.

* CF (Corporate Finance) – A bit challenging but interesting. Some chapters can be skipped if necessary.

* CRVI – Very interesting and focus in valuation part.
In some attempts, they ask more sums, while in others they ask theory, so be prepared for both.

* CRVI Part A – Focus on Corporate Restructuring, Mergers & Acquisitions, and Income Tax related topics.

* CRVI Part C (Insolvency) – You already studied basics in Executive, so here it is just an extended version and manageable.

* IBC elective paper is usually a bit tough, so be mentally prepared.

KEERTHANA

Group 2 has three papers.

SMCF - Strategic management is easy to study you can very well read it like a story.
Corporate Finance you have to go through all the theory parts plus sums. In Corporate Finance sums are the most Important part. Pls go through all the previous year question paper sums and shubham sir videos. Don't Ignore any past qp sums.

CRVI - Corporate Restructuring will be Interesting. You can Just like that read and remember the sections. Good understanding of all the sections is enough.

Valuation we have to go through from Introduction to test yourself part. Don't Ignore even a single word. Prepare all the sums in the study material.

Insolvency you've to read it like a story. Insolvency is easy if you revise it for atleast 3 times. First time it'll be difficult. But 3rd time you'll become familiar with the sections, case laws.

*****


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