This is with regards to the Financial Management (FM) Examination of V Semester of BMS (Bachelor of Management Studies) conducted by Mumbai University for 11,226 students of the batch 2013-14. On behalf of majority of the TYBMS students, we would like to draw your attention towards the problems faced by students who appeared for FM paper this year on 21st November 2013.
- Questions in FM paper were really TRICKY and though students prepared well for the exam, during writing the paper, there was total confusion of solving the sums.
- Concept questions like ABC Analysis (which was expected in Logistics paper) was seen in the FM paper.
- Sums carrying 5 marks were very lengthy (took around 30 minutes to solve) and 15 marks sum on capital budgeting was like solving 2 sums. Questions to be asked for 8 marks were asked for 5 marks, 15 marks questions were asked for 10 marks.
- FM paper was for BMS i.e. management students and not for BAF/BFM students who aspire to be CA/pursue jobs in Accounts field. Level of difficulty of sums was MBA/CA level and not to our degree level.
- Students have studied the entire syllabus for 4 months referring to 3-4 books but then why the exam paper didn’t have sums from all chapters? Working Capital sum was missing, no credit period was given for Receivables Management, Leverage sum was asked in reverse way and the theory questions/detailed concepts were taken from a CA book.
- This year’s FM paper was the toughest in the history of BMS (Refer University Question Papers from November 2001 to 2012). Students inspite of practicing all 12 years university question papers couldn’t solve the paper as there was twisted sums and sudden change in MU’s trend.
All said and done, it is not entirely correct for us to just make such claims with providing appropriate and effective solutions for the same as well.
We understand that the University is undergoing a lot of stress at this time and our only request would be to be a little empathetic and do not take any decision under pressure. Here a few measures that the University can take to correct this problem. We hope you accept these suggestions:
(On consultation with many upset students)
- To be honest, we do not want another chance to do better i.e. re-exam(all thanks to the last minute changes to Internal exam rules – downscaling method, upcoming External viva-voce examination of TYBMS projects and Retail management becoming a compulsory subject in VI Semester).
- Another way to take corrective action can be to do lenient checking to all those who attempted all questions/provide grace marks to all those who are failing in the FM paper.
- One more possible way to take corrective action can be to judge the performance of students in the FM paper based on their performance in other papers (provided it doesn’t require a lot of efforts by the University faculties in comparing the papers).
Whatever be the case, students must not be made to suffer. Please do not ignore this appeal and take it into definite consideration as it is backed by a lot of students, whose fate rests on this decision. Please do take a decision in the best interests of the students. Looking forward to just verdict.
TYBMS Students (2013-14 Batch)