How to pass ca finals with self study in 4 months preparatio

7865 views 4 replies

CA RUHI SHAH

student

19 Points Joined July 2016

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 cant 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.

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

Benefits of self-study

- Confidence booster

- Concept clarity

- Time saving

Replies (4)

mohammad rasool baig

Management Consultant

1026 Points Joined August 2012

Thanks for sharing.

Tanisha Gupta

B.Com

112 Points Joined September 2014

18.5 hrs :O continuously for 4 months??

Hemant

student of CA

24 Points Joined June 2008

You started your revision in 4 months or started studying for first time? Really need to know kind of my present situation

Sandip Goyal

Risk Advisor

499 Points Joined January 2020

The answer to is it possible to pass both groups by self-studying for only 6 months, is always YES! It will take effort, you will need to study at least 11 to 12 hours every day, but it is not impossible. CA intermediate is not as easy as the foundation level but is not that tough; all it requires is a proper study plan and concentration to follow the same for clearing both groups.

Before you make your study plan, firstly, know your strong and weak subjects of both the groups. The weak areas need more preparation time so that one gets confidence while writing the exam. Here’s how to make an effective study plan-

• At a time, schedule only 15 days and readjust the next 15 accordingly. Try to complete one strong and one weak section along with few past year papers of that subject. Always pair a theoretical and practical subject to balance the pressure.

• In the first month prepare for the first group and divide the syllabus into 28 days and keep 2 days in hands in case if you miss to complete or else you can revise in the remaining two days.

• The same goes with the second month, complete group 2. When you don’t understand some concepts from books, make use of YouTube videos. YouTube has ample videos for your self-study help. Hard work is the key factor because you will require to study a lot for the Intermediate.

• With the beginning of the third month take the first 20 days for the quick revision of both the groups and in the remaining 10 days try to solve every doubt or confusion you have and make your base strong.

• In the fourth month start practicing the past five to six years papers and also work on your writing speed, handwriting and presentation. Practice as much as you can in this one month.

• From the fifth month start taking online test series from trusted sources like PREPCA test series to evaluate your level of preparation. When you find yourself weak in some topic revise it again and make the concept clear. Their test series helps a lot in the preparation.

• With the beginning of the sixth month prepare a timetable to revise all the subjects with speed in the first 20 days but not too fast; it should be such that when you revise you should be able to memorize what have you learnt. For the next 5 days revise those things which you feel you should repeat again and the next 5 days should be for your first exam.

Patience and self-confidence are required at all times. All the best!