Ca final study strategy - group 1 and 2

Hi Friends,

Hope you all are doing great.....

 

Congrats to all of them who are now QUALIFIED CA and also to those who have cleared either of the groups.... !!

 

I cleared my CA Final in two attempts, anyways no. of attempts is not that relevant, what is relevant is how one should go about with studies and plan it, with so many books and authors..... !!

 

Friends, I am just an average student.... Hats off those people who score rank.... its a great great achievement..... !!

 

In CA, Hard work is a necessity but SMART WORK is a creativity..... !!

 

Here I would like to share the study pattern which I followed..... !!

THE BASE BOOK was always INSTITUTE'S PRACTICE MANUAL (and to an extent Module)

Group: 1

Accounts:

1.Solve all the sums from Module

 

2.Solve all the sums Practice Manual..... complete the chapter from the both the books, I would advise you take time to solve the sums, use pencils, markers wherever you get stuck.... right a note for it.... It would be very very easy for you to revise....

 

3.D.S Rawat Accounting Standards 

 

4.Doing these itself will make you confident of cracking the paper comfortably.

 

 

SFM:

1. Since I am PGDBM, I found this subject most interesting. 

 

2. Here I what I did was, that I made an Index on the first page of Practice Manual stating the no. of theory and practical question seperately. This gave me a clear idea from Institute's perspective that which chapter was important for what. Also it gave me the much needed confidence, as I could get a clear view of no. of questions to be solved. 

 

3. If I am not wrong, there were some 240 odd pratical question and 106 theory questions in my practice manual, which meant that its not difficult to complete and solve all the questions from the practice manual twice or may be thrice before the exams. Since an average time for the first time solver would take 4-5 mins a sum, which would be around 30-32 hours for a complete practice manual. 

 

4. The best for SFM, is that the more you SOLVE the more INTERESTING it would become, hence do not get bored by this subject. This can be of great help as generally institute sets a dificult Accounts paper and hence the second paper becomes very important.

 

5. Refer Prof. Sridhar's book if you have the time and want to solve more questions. One can also study the topics in detail from it

 

 

 

Audit:

 

1. Only prepare from Practice Manual.... Most of the question would be with respect to some or the other Standards on Auditing, mark them at the start of the question, list down the Question No. / Page No. and the Standard..... Once you are done with this, you would have a list of all the questions and the standards mentioned in it. This would help you to cover almost every kind of practical problem in audit.

 

2. If you get time, try to search on CCI, if there are any practical questions on Standards on Auditing and Code of Ethics (the ones provided in practice manual will make you understand most of them)

 

 

Law:

1. I find this paper immensely scoring, because here too I studied only from Practice Manual and the scores of the two attempts were 54 and 65 respectively. (not great but descent)

 

2. I analyzed this subject a lot. What I did was, during the first reading, when I read, I marked all those questions which were repeated, (you would be shocked that atleast 40 to 45% questions were repeated), this motivated me since the no. of pages reduced and also the time to complete a chapter.

 

3. I had the practice manual of November 2011 edition and from what I remember, the book had 495 pages in it. It looks more but when you start and skip all repeated answers, it does reduce a lot of pages.

 

4 Also, most of the students spend a lot of time for chapter "DIRECTORS" and its right as it comes for the maximum marks. So here too I made my own very short notes (to the point notes) and pasted them on the first page of every chapter in practice manual. So at the time of revision, I first used to read those notes (hardly 2-4 pages) and then used to answer the questions at my own.

 

5. For Allied laws, too specially for FEMA, SEBI and Competition Act, I did the same thing and I could happily and comfortably finish law with 2-3 revisions without getting bored.

 

Friends, this is just a suggestion from my side.

 

I know few of you would be thinking this is not my way or may be this is not the right way to study..... I completely agree with you as I also did the same when I came across no. of strategies for CA FINAL....and everyone has their own strategies of first LOOKING for SUCCESS and then MAKING IT POSSIBLE !! 

 

With all due respect to your hard work and dedication, I am sure you all too would have scheduled your studies accordingly.

 

As a friend or also since we all belong to the same profession, I thought may be I could share my strategy.

 

This strategy is a bit risky, but somewhere gives you the confidence that YOU HAVE SOLVED A COMPLETE BOOK PROVIDED BY THE INSTITUTE.... That really GEARS YOU UP !!

 

I may not have scored exceptionally great marks in the exam, but to an extent we all know that sometimes the

GOLDEN NO. "200" is itself difficult to achieve (with +40 marks in each subject)

 

 

Thanks and All the very best !! 

ya ths is gud approach for smart study.thnx for sharing

For 2nd Group sir ji ????

Thanks, keep sharing, pls come up with group2 soon:) anyhow very good work. Thanks a lot my dear.

very good work yar .

share for grp 2  also : )

Thanks everyone for your appreciation.... 

Will certainly come back with GROUP 2 Strategy soon !!

 

The strategy for Group 1 which I have suggested can easily be repeated twice in one month .... during your last revision !!

 

You will be very confident once you try this..... I BELIEVE.... !!

Friends, 

To be frankly speaking ..... I always found Group 2 tougher than Group 1..... 


Costing:

1. The most unpredictable paper of CA Final.

 

2. Whats important to tell you is that, everyone knows that THEORY is important, but very few actually study that properly.

 

3. Luckly I did, I am sure you all would have heard that how November 2012 paper was more theoritical, almost 42 marks was theory. But if you see the questions, those were STRAIGHTLY PICKED UP from PRACTICE MANUAL, each one of them.... So my suggestion to you would be to study THEORY from PRACTICE MANUAL, first reading would take maximum around 4-5 hours

4. For this subject, it would be combination of ACCOUNTS and SFM strategy.

5. Solve all the Module and Practice Manual questions (an interesting thing would be that you would notice few of the sume are repeated and for few only the nos. have been changed)

6. Prepare an index, on the same line which you did for SFM, hence making it very clear for you the chapters for theory and practical.

7. Solving sums will give you confidence, but as we all know in costing paper every sum is a new sum. This is where your the practice of solving sums will help you out. If you can't crack the whole sum, you would atleast be able to crack it till half way. (specially for chapters like Transfer pricing and Relevant costing).

8. Make your theory strong.

 

9. For OR, the more you practice the better it is. A suggestion, what most of the students do is that just on the day prior to their exams, they SEE the sum and go.... I would SPECIALLY REQUEST you to solve ATLEAST 2 sums of each chapter to get you MECHANICAL THINKING GOING and also to SAVE YOUR TIME DURING THE EXAMS.

10. Friends, you need to pick your strong point and make it stronger. Be SMART.... !!

 

ISCA:

1. I hated this subject until I got a very good professor called Mr. Jignesh Cheda who made this subject very interesting. Each chapter carries marks. A minimum of 8 marks (that means 80 marks + 20 marks which could be from any chapter)

2. Very few bank on this subject, but I did. I scored 54 marks in this subject, was trying an exemption, but couldn't .

3.. For this subject, as everyone said, MODULE is the best book and I completely agree.

4. Making of notes would make it very easier for you, specially the SUB POINTS of each question.Try to finish atleast 1-2 reading before exams. A chapter a day (around 2 hours) will keep you intact with the subject.


5. During the exam days, you get almost 18-19 hours of study with proper REST. 3 to 4 hours after costing paper, next day around 12 hours and 2-3 hours on the day of the paper as our paper starts at 02:00

6. So on the day after costing paper, plan to finish chapter 6 and 7. These are easy chapters and I am sure in around 3-4 hours you would be able to finish. So on that day itself you have covered 16% of your portion.

 

7. With the confidence of completing two chapters, you would be all fresh the next morning, say be 07:00 or so.... Start with chapter 5.... and then chapter 9.... so by 12:00 or so you would have completed 2 more chapters.

8. Have lunch, take rest and start around 02:00 in the afternoon. Start with chapter 1 and then chapter .4. These chapters would take atleast 3-4 hours for a good revision, so by 06:00 in the evening you would have completed 6 chapters of ISCA.

9. Take a mini break and start around 07:30 again. Now whatever time you have till you find comfortable to going to bed, only study 2 and 3 to whatever extent its possible.... Don't get too bogged down by this chapter. These are lenght, hence time consuming, so give maximum of 5-6 hours. So around 01:00 or so, WRAP IT UP !!

 

10. On the day of exams, TAKE FULL REST, wake up at around 07:30, you will have around 4 hours to study and chapter 8 and 10 to finish ISCA. Chapter 8 would maximum take 2.15 hours to complete and chapter 10 around 1:30 hours (do not read all the sections).

11. The key to ISCA which I think is to TAKE GOOD REST, as you need sound mind to remember all what you have read. Also do not waste your TIME READING THE ONE PAGE CASE STUDY IN QUESTION PAPER, as the questions asked are DIRECT. So students end up wasting around 5-10 mins reading that. If you see any year's questions paper, you would realize this.


 

Direct and Indirect taxes coming soon !!?

Friends I would really appreciate if you could also add your suggestions to it.

We need to help each other to make the course easy to crack !!

Thanks !! 

Simply loved it ... infact all d lines ....

it was so smooth strategy that I'm surely  gonna follow.

 

A perfect advice which I was really looking for ...

 

Actually I was not going to login .... but ur article made me necessary to reply back and convey my tonnes of thanks to you

 

I'm gonna bookmark + would take printout of this article as well.  I was feeling like .....that this article is just written for me 

 

 

 

once again thanks ... Plz provide me your mail id as well ... or give me a test mail @ rwishing @ gmail.com

Thanks Renu for your kind words..... I hope it does help you !!

 

 

its

ashish.blueocean @ gmail.com.....

Originally posted by : Ashish Dhupar
	Thanks everyone for your appreciation....  Will certainly come back with GROUP 2 Strategy soon !!   The strategy for Group 1 which I have suggested can easily be repeated twice in one month .... during your last revision !!   You will be very confident once you try this..... I BELIEVE.... !!

Thanks Sir, Pls also provide for 2nd Group soon.