CA Final Study Plan 2020
CA Final Study Plan for 2020 : CA Final exam takes a much more practical approach as compared to CA IPCC, so to do good in the examination you should do a lot of work in your article ship. Self-study is generally good for those students, who are not very used to taking classes or who like to understand things by understanding themselves.
However, self-study for all subjects is not advisable and on the other side class for all subjects is also not advisable. Those who are going through a dummy route, be warned that it is really not going to help you, neither for your exams and nor for your jobs.
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CA final study plan: how to study for ca final?
There are 8 subjects in two groups:
CA Final Subject : Group I
This is written for old course but the article is valid for new course as well. There are 8 subjects in old and new course. When reading consider the new syllabus papers in place or old syllabus papers.
Paper 1: Financial Reporting
Paper 2: Strategic Financial Management
Paper 3: Advanced Auditing and Professional Ethics
Paper 4: Corporate and Allied Laws
CA Final Subject : Group II
Paper 5: Advanced Management Accounting
Paper 6: Information Systems Control and Audit
Paper 7: Direct Tax Laws
Paper 8: Indirect Tax Laws

CA Final Study Plan
CA Final Study Plan | Preparation Guidelines
Smart working or Hard working
CA Final Study Plan: Since time available for studies is no unlimited, you should do analysis of past trends and accordingly cover 80% of the topics from which 95% of exam questions are covered. You can do this with the help of trend analysis of past year papers. ICAI gives a trend analysis in its compilations, you can refer that.
2) Revise
CA Final Study Plan: Revision is a very important part for achieving success in any exam. You remember only 20% of what you read after 24 hours, so multiple quick revisions are very necessary.
Do not forget to study compilations of ICAI. These are compilation of previous year questions and are very helpful. More than 70% of the paper comes from compilations.
3)Practice
CA Final Study Plan: Practice is the most important part of your preparation and should be given 100% focus. Once you have completed your first revision of all subjects, its time to take mock test.. mock test help a lot in preparing you for exam day and also highlight your weak areas.
4)How many hours of study
CA Final Study Plan: Well during articleship you will not get much time, so should keep yourself engaged by way of coaching classes and try to give one or two hours in revising what is taught in class. On weekends you should try to give 5-7 hours of study to a subject for which you are not planning to take coaching classes.
A suggestive time table can be:
CA Final Study Plan: Preparing For Examinations:
1. A student is required to prepare thoroughly for examinations well in advance and to devote at least two hours daily for studies while undergoing Article Training.
2. During leave period, at least 14 to 16 hours’ hard work is required.
3. Avoid mobiles, internet and television as far as possible.
4. Students must study from study material and do practice from practice manual. Wherever a particular topic or point is not clear, a student may refer to a standard text/reference book.
5. Students should refer suggested answers of questions set of last five/six examinations and Revision Test Papers. It is strongly recommended to solve the questions first without referring to solutions and then comparing the answers with the solutions given. Such an approach would help in knowing point of mistake and presentation pattern of an answer.
6. In law papers, Section and its provision is to be given correctly. If a student is not sure about the Section number, then he should not quote the same.
Importance of Self Prepared Notes
CA Final Study Plan: Syllabus in CA Final is very extensive and it is difficult to revise from book every time. So it is very important that you start preparing notes on your first reading itself. This may sound like a lot of work but it will then reduce a lot lot of your work at the time of revision.
Study Group
CA Final Study Plan: Forming a study group helps in discussing queries and getting a better understanding of the subject. If you have friends taking CA CPT exam then you can form a study group with them or else you join an online forum for forming a discussion Group.
Frequently asked questions for CA Final Study Plan
ca final study plan for may/nov 2020 : The strategy of the topper is as follows:
- Understanding the Topics & Concepts
- Understanding the Pattern of exam papers
- Preparing for Exams i.e. First Revision
- Self Check Revision chapter wise i.e. Second Revision
- Exam Before Exam i.e. Paper-solving
- One Day Match i.e. Third Revision
This view is also the study plan for ca final november 2020 exam.
CA final study plan for May November 2020 Detailed Plan
Preparing For Examinations:
1. A student is required to prepare thoroughly for examinations well in advance and to devote at least two hours daily for studies while undergoing Article Training.
2. During leave period, at least 14 to 16 hours’ hard work is required.
3. Avoid mobiles, internet and television as far as possible.
4. Students must study from study material and do practice from practice manual. Wherever a particular topic or point is not clear, a student may refer to a standard text/reference book.
5. Students should refer suggested answers of questions set of last five/six examinations and Revision Test Papers. It is strongly recommended to solve the questions first without referring to solutions and then comparing the answers with the solutions given. Such an approach would help in knowing point of mistake and presentation pattern of an answer.
6. In law papers, Section and its provision is to be given correctly. If a student is not sure about the Section number, then he should not quote the same.
How to utilize time during leave period:
Get up early in the morning at 4 AM. Be ready by 5 AM. This period (4.00 AM to 6.00 AM) is called ‘Brahma Murat ’ and studies done during this period cannot be forgotten i.e. they remain in memory for long.
5 AM. To 7.00 AM | Read Theory |
7 AM. to 7.30 AM. | Breakfast Time |
7.30 AM to 10.30 AM | Read theory – mind is always fresh in the morning |
10.30 AM to 11.00 AM | Relaxation Time |
11.00 AM to 1 PM. | Do/solve practical problems. |
1 PM to 2 PM | Lunch Time |
2 PM to 3 PM | May take short sleep |
3 PM to 5 PM | Do/solve practical problems. |
5 PM to 5.30 PM | Have a break. |
5.30 PM to 8 PM | Read theory. |
8 PM to 9 PM | Dinner Time |
9 PM to 10 PM | May go for outing – watch T.V |
10 PM to 12 PM | Do/solve practical problems |
12 PM to 4 AM | Have sleep |
Reading Time Eating Time Relaxation Time |
Study plan for CA Final May 2020 – 1st Revision
1st Revision
No. of days = 60 days
Daily preparation hours = ( 13+1 ) = 14 hrs.
Subject | Daily preparation time for each paper | Total hrs. |
Refer previous day’s revision (in early morning ) | ½ hr x 60 days | 30 hrs. |
Financial Reporting | 2 hr x 60 days | 120 hrs. |
Strategic Financial Management | 2 hr x 60 days | 120 hrs. |
Advanced Auditing and Professional Ethics | 1 hr x 60 days | 60 hrs. |
Corporate and Allied LawsSection A: Company LawSection B: Allied Laws | 2 hr x 60 days | 120 hrs. |
Advanced Management Accounting | 2 hr x 60 days | 120 hrs. |
Information Systems Control and Audit | 1 hr x 60 days | 60 hrs. |
Direct Tax Laws | 2 hr x 60 days | 120 hrs. |
Indirect Tax LawsSection A: Central ExciseSection B: Service Tax Section C: Customs | 1 hr x 60 days | 60 hrs. |
Once again refer that full day’s revision(Before going to bed ) | ½ hr x 60 days | 230 hrs. |
Total | 14 hrs. x 60 days | 840 hrs. |
You have to complete your 1st revision in first 60 days and also you have to complete full syllabus of CA Final in your study material in this period.
Here study material means your own class notes/tutorials, own material or any preferred publishers publication. Even you can prepare both CA Final study material and practice manual of ICAI.
Recommended read:
Study plan for CA Final May 2020 – 2nd Revision
No. of days = 15 days
Daily preparation hours = ( 13+1 ) = 14 hrs.
You have to complete your 2nd revision in next 15 days and once again you have to complete full revision of your study material which you prepared in 1st revision. But this time you should prepare for both CA Final study material and practice manual of ICAI.
Note: preparation of ICAI’s study material and practice manual is a must. So you should do this in 2nd revision.
Subject | Daily preparation time for each paper | Total hrs. |
Refer previous day’s revision (in early morning ) | ½ hr x 15 days | 7.30 hrs. |
Financial Reporting | 2 hr x 15 days | 30 hrs. |
Strategic Financial Management | 2 hr x 15 days | 30 hrs. |
Advanced Auditing and Professional Ethics | 1 hr x 15 days | 30 hrs. |
Corporate and Allied LawsSection A : Company LawSection B : Allied Laws | 2 hr x 15 days | 45 hrs. |
Advanced Management Accounting | 2 hr x 15 days | 15 hrs. |
Information Systems Control and Audit | 1 hr x 15 days | 15 hrs. |
Direct Tax Laws | 2 hr x 15 days | 15 hrs. |
Indirect Tax LawsSection A : Central ExciseSection B : Service Tax Section C : Customs | 1 hr x 15 days | 15 hrs. |
Once again refer that full day’s revision(Before going to bed ) | ½ hr x 15 days | 7.30 hrs. |
Total | 14 hrs. x 15 days | 210 hrs. |
3rd Revision
No. of days = 15 days
In this 3rd revision, there is no particular time table. Just concentrate on your weak areas of subjects. Once again, revise all the subjects which you completed in last 2 months(1st and 2nd revisions). This time, also prepare previous years papers, mock test papers, RTP’s and other model papers which are you have.
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