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Approach to study of ca final

Ravi Chopra (CA) (661 Points)

26 October 2009

hi, i ve just cleared pcc in june.. i m confused as to how to start my prep.. reason being

Introduction of gst which may replace the indirect taxes

introduction of ifrs which may replace the Indian GAAP

Introduction of Direct tax code replacing direct tax..

company law may change due to ifrs..

so these may change afterwards.. so wt i should i do???????

thanx in advance

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CA Dhiraj Ramchandani (CA, M. com) (10823 Points)
Replied 26 October 2009

same goes wid me too...

do suggest us something really good

Sushil (CA Final Student) (2571 Points)
Replied 26 October 2009

Hi Friends,

Don't get panic with these changes. Look at your attempt and start your studies asap. CA is a profession where we have to be updated everyday so its about subject.

DT - DT code means new Income Tax Act and abolition of Act 1961. If you have the interpretaion skill of IT Act 1961 you will be able to tackle the DT code or GST as the case may be.

Same applies to Law also.

IFRS - First we should know that India is going to converge with IFRS. If we know AS well then we can handle IFRS and its applicability too, what is required is that we should know the similarities and differences in both.

Start your studies and once the amendment or new things will get added in syllabus you would be in a position to tackle otherwise at the last moment its not possible to handle these things because it is CA FINAL!!

Have a nice study!!

Ravi Chopra (CA) (661 Points)
Replied 26 October 2009

thnx

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 26 October 2009

Hello Friends,

You may disagree with my simple suggestions. But let me try.

According to me if you are well aware of your study problems like you have mentioned in your post, then this may be considered as “half the battle won” situation.

Never stop your study and don’t think too much about new things like direct tax code, new company bill etc.

Keep observing the things and new amendments as and when they come. As per my thinking if you have basic understanding about the subjects then you can very easily understand the new things in a very short time. Just work out on your ability to stay calm in a panic situation.

Let me tell you a secret to perform well during your student and professional life. Just improve your observation power and learn how to stay calm in a panic situation.

Good Luck and Best Regards

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