Yes Mohit absolutely right. Majority do not read all those materials and then they blame ICAI .

For the benefit of those who desire to learn in a right direction, I am again posting BOS msg::::

Originally posted by : CA Student
	Yes Mohit absolutely right. Majority do not read all those materials and then they blame ICAI .   For the benefit of those who desire to learn in a right direction, I am again posting BOS msg::::   --Read this------ Its BOS August message about recent low results and its causes:   I have discussed this matter with a large number of Chartered Accountants including those who are involved in the examination process and the major issues are being outlined hereunder to act as a guide for better future performance and to ensure success in the ensuing CA examination: • The depth of the knowledge of a large number of students is shallow and is based on short notes, small brief booklets and oral education provided in the coaching classes in various parts of the country. • A large number of students failed to study the “latest edition” of the Institute’s study material, practice manuals, RTPs, scanners and other material relevant to the subject. It is a must to read the Institute’s material at least 3 to 4 times and undertaking practical solution by own hand at least 3 to 4 times for ensuring success. • A large number of students do not refer to text books. Reliance on at least 1 or 2 good text books on each subject is mandatory. It is also important to refer to 3 or 4 reference books by Indian authors as well as foreign authors in respect of each subject for specific chapters. • The original texts of the Institute publications i.e. Accounting Standards, Auditing Standards, Guidance notes and Statements should also be carefully studied. • The original text of the Income Tax Act, Companies Act and other legislations should be referred while one is studying a particular topic from the text book and / or study material. • The original full text of at least 15 to 20 leading judgments in respect of taxation laws and corporate laws should be thoroughly analyzed in order to sharpen analytical and comprehending capabilities. This will also develop writing skills. • It has been noted and observed by us that all those students who take practical training seriously and undertake various assignments sincerely going in to the depth of business processes, internal control, accounting process and various other aspects of the working of the clients’ organizations are definitely passing in significantly larger numbers than those who are undertaking training as a burden or who  do not go to the depth of the training up to the desired level. • It may be noted that the examination committee is committed to ensure that only those students will pass, whose concepts are clear and who know practical application of the concepts and laws in various situations. The future examinations of the Institute are going to become more and more practical oriented. • It is also very necessary to have in-depth knowledge of all the concepts related to CA profession. This will help you to have an edge over others in this competitive world. If every student follows, there is no reason of failing and saying everything as hell..

dear friend,

i would like to know whether you are a final student or you have already completed CA? you seem pretty knowledgable....

ok!   what then... friends...!

i have given exam in May 2010 PCC...the papers were as easy as u can think nd i studied only from coaching centres nd did not touched a single institute mat...but even then i think i could be failed by icai through manupulation...but i would be happy dat i did my hard work...it does not mean that all those students who faled in CA Exams don't study nd take a short cut(in d words of gr8 Mr. CA Student)

The level of knowledge expected in CA exams is "Proficient" , not  "Basic".  How do we become proficient? By repeatedly practicsing a subject at progressively higher and higher level till we reach a level where we can solve a problem (theoretical or in real life practice) probably 8/10 times. (If you get it right 5/10 times, it is not professional. Even a coin tossed repeatedly sufficiently large number of times will fall correctly 5/10 times. One reason why ICAI wanted us to do better than 5/10 or score more than 50%.

Also, CA course wasnever meant to be a class room course. ICAI has consistently maintained that. Practical training was the way they wanted students to lean and have been consistent about it. It will be sad if they decide to start class room training to compete with the coaching classes.

Coaching classes take away they thrill of self-learning, strugling to learn difficult concept on your own, referring various sources and basically being self-dependent. Coaching classes make students dependent, they make them believe that their notes are all that it takes for students to clear, they boast about their good results as they are in the business of  making money, and they keep conveniently quiet when their results are no better than all-india CA final results.

The best part is nobody blames the coaching classes for poor results after taking so much money and generally making studentsdependent on them and taking away the joy of self-learning. Imagine a CA who is a product of such dependent mind set generated by coaching classes facing problems in real life or in exam that have no answer in the short class notes and with no great Parag or other great Sir to help out in exam real life? How many of the students have evoked RTI against leading Coaching Classes for failing or for showing results not better than all-india results? ICAI is everybody's bhabhi and all you got to do is give her a bad name and hang it. What about these coaching classes?

Having said that let me also point out that neither reliance on ICAI study materials or a text book or guide or class material alone is a solution to passing. Also, how does one ensure that all these books and magazines and newspapers and various other things mentioned in BOS can be expected to be read for 8 varied subjects with full time practical training, commuting, coaching classes, etc.? And which CA firm can provide practical training in say, Accounts, Auditing, Direct Taxes, Indirect Taxes, Law, Computers and Computer Audit? If it can not be ensured that all-round practical training cannot be provided in all these subjects and at the same time a large chunk (almost 80 per cent) of a student's time is spent in doing, re-doing and repeatedly redoing and still more repeatedly re-doing routine audit or tax work without respite without transfer?

When  would the student get time to get practical training in other subjects where ICAI would ask practical question? When would he have time to read various sources of materials referred to in BOS 's advisory to answer the practical oriented questions that only a student who has undergone practical training can answer and a dummy cant?  In fact, it is this very catch 22 situation that is responsible for articles doing dummy or shifting t dummy in last years of their training. It in nice to have higher expectations from students, but is enough being done to provide them facilities and regulations to rise up to the challenge?

Also, how can the pass per centage fluctuate so widely from 28 per cent to 3.8% in 5 years? Why should CPT results be so flattering to deceive? It is heart breaking to see the CPT pass outs in larege numbers hopeful of becoming CA soon only to wake up to the sad reality of a camel passing through a needle hole with 3 per cent final CA results. How can someone who has scored Rank in PCC/CPT flunk in Final so miserably  or one who has scored say 55 in costing become so bad in next 6 months to get 35 marks? These are the questions that are not asked by idle minded and needs proper answer.