Deepak kumar sharma (Govt. job) (2946 Points)
16 March 2012I cleared my both groups of ipcc in nov. 2011 exam. I have approx 2 years in hand to give ca final attempt. I want to know that is there any necessity to join coaching classes. I never joined coaching classes before , including school, college and cpt-ipcc. I heard that it is very rare to clear ca final with out coaching. Please guide me seniors. I have joined articleship training 10am to 6pm. thanks
CA Dileep Surya Kumar
(B.com, ACA, CS)
(3786 Points)
Replied 16 March 2012
For the following subjects coaching would be helpful not only for your exams but to know practical application as well.
Financial Reporting
SFM
Advanced Mangement Accounting
Direct Tax laws
Indirect Tax laws.
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 16 March 2012
Dear Deepak,
I have also completed IPCE and going to write CA final in nov 2013 and i agree with Dileep sir, and the remaining subjects like ISCA as well as for auditing we can prepare on our own, i am going to start the coaching from May -2012 for the above subjects.
Deepak kumar sharma
(Govt. job)
(2946 Points)
Replied 16 March 2012
thanks sir, will you please tell me that how much efforts are necessary to clear ca final along with practical training if i opt for self study. Please tell me in terms of daily study hours e.g. 3 hours per day. After spending 8 hrs. in training it is difficult for me to do both coaching and selfstudy/homework . thanks
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 16 March 2012
Hi,
Personally I feel that Self study is a very good option for every student because without self study it is very difficult to clear any examination. The main reason behind this thinking is coaching also involves a remarkable amount of self study. One of the reasons to go for self study is the confidence factor involved in it. Successful self study may give you an incredible amount of confidence to deal with any kind of subject or course.
As per my opinion coaching is not necessary for CA or CS final. But another truth is if you taking coaching then you can save lots of energy and time. If you are looking for one stop shop for CS final coaching, then it is a bit difficult here in Delhi NCR. No clue about other parts of the country.
So it is advisable to go for self study in CA finals. But there are certain pre-conditions for self study:
1. Proper guidance is very much important.
2. Choose correct reference books well in advance.
3. Have regular discussions with your friends.
4. Self study may be a failure if you prepare without interaction with anybody else.
5. There are certain topics in CS and CA Final for which special preparation is required and self study may be harmful from the conceptual clarity point of view. So discuss these topics with your friends or with any experienced student.
6. Let me tell you a very important thing coaching also involves self study where as self study does not involve coaching. Reason being in coaching classes also concepts are discussed once or twice. But you have to understand those concepts by self study only.
For detailed analysis kindly go through my article on self study, by clicking the link which is given below:
SELF STUDY VS. COACHING CLASSES
/forum/self-study-vs-coaching-classes-a-whole-new-analysis-77537.asp
Wish you all the Best
Deepak kumar sharma
(Govt. job)
(2946 Points)
Replied 16 March 2012
Thank you very much Ankur sir,
I have many seniors like you to guide me about preparation tips because i am a member and visitor of caclubindia. But there is a problem which i faced during my ipcc preparations. I did not know how much time to allot to a particular chapter and i just ended with incomplete study and often couldn't find time to revision before exams. Even i was unable to complete the course on time. I don't want to repeat the same situation. i am scared now. i don't want to take chances. But time management is a big problem for me. I can't give 12 working hours everyday with equal attention on study. But i don't want to leave ca.
mokshita shah
(Works in CA firm)
(165 Points)
Replied 16 March 2012
Ya for making concepts more stronger i wil suggest that coaching is neccerary otherwise it may happen that you are able to solve sums but in practical life may be you cant .so try to hav evening time classes.belive me it will help you effectively
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 16 March 2012
Deepak,
Just relax and understand that your problems are of temporary nature which happens with every student. The problem is not very serious. This is just a matter of one attempt. After getting success is one attempt nobody can stop you to qualify CA.
How much time to allocate:
There is no fix rule for the same. In the first round choose and work on certain most important topics which involve conceptual clarity. When you clear first round it will give you a gr8 amount of confidence. Here you are advised to use institute study mat with good reference books.
In the second round based your study on the Scanner questions. Finish your scanner as early as possible. Also refer previous exam suggested answer for presentation purpose.
One more advice --- first focus on the subject which is not amongst your favorite subjects.
Revision before exams:
There is no substitute of revision. You have to do something extra-ordinary to ensure good revision. Try and develop quick reading approach. Revise a topic prepared on Monday till Saturday i.e. within next 4-5 days. Just give it a reading. That’s it.
Use my ATLAS Method for revision.
ATLAS STUDY METHOD FOR REVISION:
This method is completely developed and named by me and is extremely helpful for fetching good marks through good revision. ATLAS STANDS FOR “AT LAST”. There are always some questions, formulas, Sections and case laws which we simply fail to recall in exam hall. According to this method if you find anything very difficult to remember then after preparing the same topic once or twice put it in the ATLAS. Keep putting difficult topics in ATLAS till exam date. There would be a different ATLAS for law, audit, accounts etc. Now 1.5 hour before leaving your home for examination hall open ATLAS question list and revise it properly or give it a special reading. Now if you find any question from ATLAS in the exam paper it would be very easy for you to answer as you specially revise it just 2-3 hours back and your confidence level will automatically increase in the beginning of exam. What say???
Keep review your ATLAS list and modify it accordingly. If initially you put any question in ATLAS and now you are confident enough about that particular question you can remove that question from ATLAS. Don’t put easy and non important questions in ATLAS as this concept is for revising extra-ordinary important questions just 2-3 hours before examination. If you need any help understanding this method please let me know.
Best Regards
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 16 March 2012
Further there is no need to feel scared and remove the word “leave CA” from your mind. For more suggestions please check the link below:
mohit gupta
(intern, CA Final)
(81 Points)
Replied 16 March 2012
Dear @ Deepak ...U have more than 2 years for your Ca final Attempt as You can Give your CA final attempt in nov 2014,provided you join your articleship before 30april2012.
CA. R.Sankar Bharadwaj
(Working)
(59 Points)
Replied 16 March 2012
Deepak ,
90% of the students who are doing their 10 am to 6 pm articleship like you are attending coaching classes simultaneously . Hope u can conviniently attend classes if you want to opt for the same.
Deepak kumar sharma
(Govt. job)
(2946 Points)
Replied 16 March 2012
Sir, thanks for your reply. my parents wants me to join coaching classes but i don't. In support of their view, they question me, "Why almost every student is going to these coaching classes? Are they mad? Are you expert? because they provides expert knowledge you can't gain with self study. I cannot answer these questions. I am confused and helpless to defend my side. Still i don't want to join them.
MAYANK BANSAL
(SERVICE)
(52 Points)
Replied 16 March 2012
Hey buddy.......
I have cleared my CA in May 2011 recently in first attempt........as per me,,,,as my friends also told above, that coaching is necessary,,,in
1. Financial Reporting
2. SFM
3. Management Accounting
4. Direct Taxes
5. Indirect Taxes
with respect to the other one's...for Law - You can refer Deepak Gajrani Sir Book- really helpful full of links and diagrams, also for Audit - refer Surbhi Mam's book - an awesum writer,,,,,and for ISCA - undoubtedly - Dinesh Madan Sir book - an awesum sir whose buks helped me in PCC and Final also in securing very good marks..........
so OL D BEST guys...........GOD bless u wid loads and loads of happyness and success............. :-)
FUTURE CA
(student)
(497 Points)
Replied 16 March 2012
Yes definitely. In my opinion you need coaching for all subjects except ISCA.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
