ICAI's module itself does not provide such conceptual clarity. It gives you a formula and gives you one illustration and out of that illustration and formula, the Institute is expecting students to solve such level of questions which research scholars of financial management can only do. I mean, what is the point of tightening screws for a "paper" which has lesser relevance than other papers of CA final in job market or, in practice. Had it been done in DT or, IDT it is understandable that ICAI is particular about students having each provision including provisos, amendments, circulars and tiny words that significantly impact the provision. But, why AFM?
However, it is not some university or, college where student's interact on a daily basis and such daily interactions can help them associate with each other which can lead to standing by each other's side if they had to go through, by protests or something. But, student's under ICAI barely know each other, all they can do is sit and talk and cry. They can't protest against ICAI's barbarous measures. This is actually a boon to ICAI. The inconsistency which the Institute has is against its own principles which it expects others to follow. Three exams a year in 2025 and again two exams in 2026, exam papers using AI (which the subject matter experts themselves within the governing body cannot solve) etc etc.
ICAI has been very much vocal about of use of AI for betterment of quality of services delivered by CAs in practice and in service, but more than that ICAI is using it for no purpose as it appears. Nonetheless, it is what it is at the end of the day.