PREPARING FOR MAY/NOVEMBER 2011 IPCC
(Especially for Self Preparing
Students for May/Nov 2011 Examinations)
| DHIRAJ A. RAMCHANDANI |
Let me make this
very clear, Im not from IPCC stream. Its just that, on receiving few requests,
Im writing this article, with help of few other people. As such, I believe, at
difficulty level, PCC & IPCC syllabi stand together. There is no much difference
in contents of syllabus of any of them. So, what defers is discussed here.
consideration here, unlike PCC, has been to go for single group or both. In PCC
one was supposed to undergo articleship and also attain the exams. While in
IPCC, one needs to clear first group initially, then he/she becomes eligible for
articleship, not before that. But again, the advantage with PCC students was
they had atleast 1.5 year to prepare for one/both groups. While, for IPCC
students, the attempt becomes due in just 9 months of clearing CPT.
So, they are not
comparable as per me. But few common points for PCC/IPCC, every student needs to
keep in his/her mind. They are as follows,
Some Points to be kept in mind for every
PCC/IPCC student before we move on further :
PCC/IPCC is a
backbone of CA.
performed in CPT/PE-I is immaterial for PCC/IPCC, and FINALS is not yet
So whatever you
can do is in IPCC/PCC only.
every topic & every aspect of subject can be understood at this stage only.
Because FINALS wont allow you to understand, but only to implement what
have you learnt at this stage
So, its a
request to all you freshers that please dont ignore any topic or rather
leave it simply, because at the end, it is going to help you only.
Now, lets consider,
what should be done by a IPCC student, whether to go for one group or both
together. And what is to be done, after finalizing your decision.
I personally believe that as IPCC stage
is a crucial one, a student should consider this aspect seriously and think of
attaining one group at a time. Because, by going for 1-1 group, a student can
concentrate more on concepts, rather than just clearing the exams. Various
students, I find, practice this illogical act of attempting both groups together
in IPCC, and finally lose both the groups. I just dont understand why they
rush? Or what is that one thing that doesnt let them wait for 6 months more and
clear both groups by 1-1 format. Trust me friends, being student you consider
exams to be a burden and so want to get off from them. But being CA too is not
that easy, there are more difficulties and hurdles in being CA too. So what will
they do after clearing exam, when they face any problem after being CA?
Such decisions are needed to be thought
upon well, one should consult his/her seniors, tutors, relatives (if there are
any professionals in family) and then decide to go for one or both groups.
Anyways, if you ask me, I would suggest going with first group only in your
first attempt, and thereafter going for second group.
Ok, so lets discuss both the options, i.e
going for single group or both groups together :
I think ICAI has done a great job by
entering IPCC scheme in CA syllabus. A student clearing CPT has no experience,
has no high maturity level, so it is very obvious that how can one expect from
that student to attain his/her articleship alongwith the studies. So, removing
articleship for ones first attempt and reducing time gap between CPT & IPCC is
really good attempt by ICAI itself. For PCC students, it was very difficult to
deal with articleship, tuitions and studies together, but for IPCC students,
they need to concentrate initially on their studies only and then if they clear
one group, they need to join office. What could have been better option for
ICAI, to train students for such a longer duration without affecting their
Generally, students join various tuitions
for every subject, after CPT. These coaching classes take care of major
subjects, and thats good enough to attempt for one group atleast in IPCC. What
students are suppose to do overhere is to attain their classes regularly and
also refer any reference book from the market, because practice makes man
perfect. As such, teachers at tuitions guide students about the topics, but as
they themselves dont have time to explain every concept in detail or give
maximum practice, its their responsibility to refer good books or material for
self practice to students.
Many students may complain that they
already have long session tuitions, they dont have any extra time for self
practice. Then let me remind you, youve already cleared CPT, so that means now
is the time where you need to solve and write every solution in detail in your
exams. You cannot ask for relief or relax, as after clearing IPCC, your FINALS
will be after 3 years, and there you have sufficient time to prepare for. But at
IPCC level, you should not rest or rather work hard and get every concept in so
detail that you need not have to refer the same basics for CA FINALS.
So, one should not depend on tuition or
coaching classes (if some one opts for it), self practice is VERY VERY NECESSARY
at this stage of CA course. And I think, the benefit IPCC students have got is
splitting of ACCOUNTS, really, its a very good move by ICAI. Because, in PCC
students find it very difficult to finish off accounts and then revise such a
huge syllabus in exams.
I think, sincere studies for one group
wont fetch more than 3 months, for first group. Here, Im referring for the
SELF-STUDY purpose. That means, if someone doesnt join any class, then one can
easily finish off the first group, alongwith revision in just 3 months. So
friends, grab the opportunity and go for single group as far as possible.
Now, if someone is
really genius and believes that he/she should try to go for both groups
together, than he/she should. Because, if some one is confident about his/her
success and is firmly promises to prepare for the same, then I think he/she
should really try for both groups together.
The difference in going for single and
both groups together is that quantum of practicing sums & understanding of
concepts or rather put it in one word basic/detailed knowledge defers. Person
going for one group has enough time to practice for and understand the concepts
well. While, student going for both groups, has lack of time, so he/she cannot
practice more or rather understand concept in detail. But then, clearing both
groups in first attempt has its own value and importance.
Students going for both groups together
have to put lot and lot of efforts to even finish the syllabus once, revision is
cannot be thought upon. So, I suggest them to go for daily studies, whether one
joins or not joins any coaching class. The best way to deal with such huge
syllabus in just 6-7 months is to study daily, that to as well with full
Daily revision too
is necessary, otherwise, all effort will go in vain. Because, preparing for 6
subjects together, i.e 7 papers, that to just after CPT exams where one had just
four subjects, becomes a tedious job. So, whatever you study for whole day, it
is necessary to revise the same on the very same day, before you go to sleep.
hinders here is the length of all the subjects. Generally, in CPT, most of the
topics are common from our 10+2 standards. But at IPCC level, everything
changes, new topics, subjects, concepts are introduced. The exam pattern also
changes, from MCQs, now it changes to detailed answers. So a student needs to
consider this factor as well.
I believe, 6 months
are to be allotted for IPCC both groups preparation, without coaching classes
and atleast 3 months if some one goes for coaching.
In this 5 months
preparations and 1 month is sufficient for revision.
First Group (3 months, i.e approx. 90
Law, Ethics &
Communication 20 Days
Try to finish both these subjects
within 45 days.
& Financial Management 20-25Days
Second Group (2 months, i.e approx. 60
Accounting 25 Days
Try to finish both these subjects
within 35 days
Technology & Strategic Management 15-20 Days
I have referred books for PCC in my
following article, I think the same books are helpful for IPCC as well. Also,
ICAI material and rest all material too is suggested in PREPARATION OF PCC -
The views, suggestions,
tips, etc expressed above are purely mine. These are not the perfect
suggestions, rather very subjective from person to person.
So please, before
following the above suggestions, take advice of your teachers, seniors or your
boss as well. Because, for me these procedures were helpful, so before following
any of them, do concern any expert.