Strategy for IBS Preparation for Group 2 Only
Hello everyone!
I’m seeking advice on how to prepare for the IBS exam while only focusing on Group 2. Last year, I attended classes for Financial Reporting (FR) and Audit and Financial Management (AFM), but I don’t remember much from those sessions. I’m taking Group 2 for the first time in May 2025 and am currently overwhelmed with Direct Taxation (DT) and Indirect Taxation (IDT). I feel lost when it comes to IBS.
Any tips or strategies would be greatly appreciated. Thanks in advance!
One response
It’s great that you’re seeking advice on how to prepare for the IBS exam while focusing on Group 2. Here are some strategies that may help you effectively prepare:
Understand the Syllabus: Start by familiarizing yourself with the IBS syllabus and exam pattern. Knowing what topics are covered will help you prioritize your study materials and focus on the most important areas.
Review Class Notes and Materials: Since you’ve previously watched classes for FR and AFM, try revisiting your notes and any recorded lectures you may have. Having a refresher on past learning can jog your memory and help you connect concepts.
Use Study Guides and Reference Books: Find reliable study guides or reference books that focus specifically on IBS. Look for those that are recommended by instructors or peers who have successfully passed the exam.
Create a Study Schedule: Since you’re also preparing for DT and IDT, it’s essential to allocate your study time effectively. Create a balanced schedule that includes dedicated time for IBS preparation, ensuring you cover all topics systematically.
Practice with Past Papers: If available, practice with past exam papers or sample questions for IBS. This will help you get a feel for the type of questions that may be asked and improve your time management skills during the exam.
Join Study Groups: If possible, join or form a study group with peers who are also preparing for IBS. This can provide mutual support and motivate you to stay on track, while also giving you an opportunity to discuss complex topics.
Seek Help When Needed: Don’t hesitate to ask for help from peers or instructors if there are particular concepts you find difficult. Online forums can also be a valuable resource for clearing doubts.
Focus on Practice and Revision: Regularly revise what you’ve learned and integrate practice questions into your study routine. Active recall and spaced repetition are effective techniques for retaining information.
Stay Organized and Manage Stress: Keep your study environment organized, and make sure to take breaks to manage stress. Include time for relaxation to avoid burnout as you prepare for multiple subjects.
Stay Positive and Motivated: Finally, maintain a positive attitude toward your preparation. Remind yourself of your goals and the reasons you’re pursuing these exams.
Good luck with your studies and your upcoming exams! You’ve got this!