How to clear both groups of CA Final with self study in four months

Hello professionals,

I am writing this article to share my personal experience regarding CA Final preparations with you. I have recently cleared both groups of CA Final in May, 2016 examination by 4 month preparation and TOTAL SELF STUDY. In this article, I would like to give you certain tips for passing these exams. My aim is to encourage self-study and motivate students who can't afford private tuition fees. (Trust me people you are not missing anything by not attending classes).

Subject-Wise tips

General tips

- Always remember and believe that institute material and your preparation will be more than enough for passing in exams.

- Don’t use smart phone and social media during these 4 month period.

- Divide your day in three phases:

• Phase 1: FR, costing and law (4am to 12 pm)
• Phase 2: Audit, ISCA and SFM (1pm to 7:30pm)
• Phase 3: IDT and DT (8pm to 12am)

- Stay away from every type of distraction and focus to achieve for which you have already invested 4-5 years.

- Remember that no one is guaranteed to pass with Coaching class preparations.

- Have relaxation breaks of 15-20 minutes if you are tired.

- Always try to attempts 100 marks in every paper.

Financial Reporting: Priority of important topics

• Value added statement
• AS and Ind AS
• Valuation
• Amalgamation
• Misc. chapter ( ESOP, NBFC, Mutual fund, etc.,)
• Consolidation

Always attempt consolidation at the end in examination .

Miscellaneous topics, valuation, AS and Ind AS are most important.

Always keep a standard set of journal entries while preparing for amalgamation.

Reference Book: Tulsian Self-study book (most comprehensive book)

Institute material

Strategic financial management:

- Be very familiar with formulas and keep separate book for formula.

- Always have a clear concept regarding basics (you should know what is the meaning of all the terms used in books)

- Theory is asked for minimum 16 marks so don’t ignore theory questions while preparing.

- Amalgamation, Mutual fund , Dividend policy and bond valuation are important and easy topics.

Here I am attaching formula book of gaurav jain for your reference.

Books: institute material

• Ravi Kishore book
• Gaurav Jain formula book

Audit and law:

- For these subjects the way you write the answer is very important and language is the key to score.

- The answer at these level of professional exams demand some level of professionalism.

- Just read institute material and use that language only while answering the questions in exam.

Books: Institute material

Costing:

- There will be some topics in OR for which institute material is not enough, for that refer youtube lecture of Dani sir.

- Make a formula chart for standard costing and other chapter.

- Theory is equally important.

- Practice more and more with clarity of concept.

Books: Institute material

ISCA

• This is the easiest as well as toughest nut to crack.
• Only refer institute material and revise for at least 6 times.
• Always remember titles in chronology.

Books: institute material

DT and IDT:

• Amendments should not be ignored.
• Service tax should be priority and thoroughly studied for IDT.

Books: Institute material