How to pass CA exam ? Here is the simple way to pass in CA exam
CA exam is the most toughest exam to pass in India.
CA exam is divided into 3 parts. Namely
1) CPT: It is common proficiency test. CPT covers four basic subjects viz. Fundamentals of Accounting, Mercantile Laws, Economics and Quantitative Aptitude. Fundamentals of Accounting carries 60 marks, Mercantile Laws carries 40 marks and Economics & Quantitative Aptitude carries 50 marks each. A person can register for CPT after completing Grade 10 and take the exam after completing High School (Grade 12). Every incorrect answer on the CPT exam carries a 0.25 negative mark. A candidate is considered to have cleared CPT if he/she obtains in a sitting 30% in each of the 4 sections and a 50% aggregate in the entire examination.
2)IPCC: It is Integrated Professional Competence Course is the second level of Chartered Accountancy examinations. A person can take the IPCC Examination after passing CPT and nine months of study. IPCC has two groups of seven subjects. Group – I consists of four subjects and Group – II of three subjects.
3)CA final: CA Final Examination is the last and final level of Chartered Accountancy Examinations. It is considered as one of the toughest exam in the world. Any person who has passed both the groups of IPCC, during the last six months of articleship can take the Final Examination. This exam consists of two groups of four subjects each.
CPT exams contains 4 sections. They are
Section A: Fundamentals of Accounting 60 Marks (18 marks passing)
Section B: Mercantile Laws 40 Marks (12 marks passing)
Section C: General Economics 50 Marks (15 marks passing)
Section D: Quantitative Aptitude (Maths and Statistics) 50 Marks (15 marks passing)
Here you need to follow some tips so you can crack the exam in first attempt itself. And the tips are
– The first step is to thoroughly understand the detailed official syllabus, so you don’t end up wasting time on topics/areas that are not that relevant
– Create a study schedule giving more time to topics you feel you are weak in
– Try to study minimum 2 subjects a day
– Focus on studying from the official study material provided by ICAI and use other books as reference
– For Accounts, refer to your class 11th and class 12th textbooks
– Accounting is a scoring subject, to maximize your chances of scoring, first read the theory of a chapter and then attempt its questions. Don’t skip the theory.
– Study basic Maths, sticking to the topics on the CPT syllabus and not studying the entire school textbook
– Mercantile Laws are scoring as there are only 3 laws in the syllabus. Make sure to study all three. Practice writing the Mercantile laws point-wise to test your understanding
– Although the question paper will ask only multiple choice questions, practice some subjective questions as well to refresh your understanding
– As negative marking is applicable skip questions you are not sure about
– Do not ignore any section as minimum passing marks are required for each individual section
– Start revision 2 weeks before the exam
– Practice as many sample papers, question banks and questions given in Study Material from ICAI as possible
– Definitely complete previous 3 years exam papers
– Identify trends in the question paper and where you seem to lost marks. Focus your time in improving your weak areas.
– At least 3 days before the exam attempt sample papers (or previous year papers) in the exact timeframe you will have at the CPT exam that is 10:30 AM to 12:30 PM for Section A and Section B and 2:00 PM to 4:00 PM for Section C and Section D. This will help you get in the habit of thinking about those topics in that time frame
IPCC contains two groups. Group-1 consists of four subjetcs and Group-2 consists of three subjects and they are
- Paper 1 : Accounting
- Paper 2 : Business Laws, Ethics and Communication
- Paper 3 : Cost Accounting and Financial Management
- Paper 4 : Taxation
- Paper 5 : Advanced Accounting
- Paper 6 : Auditing and Assurance
- Paper 7 : Information Technology and Strategic Management
Number of students face problems for preparation. That is how to start, where to start and which subject to start.
Here is some of steps that IPCC must follow to crack the Exam. Steps are
Step 1: After completion of your coaching access remaining period for exams later on analyse yourself preparation for both groups or single group.
Step 2: Draw a scheduled for preparation.
Step 3: I would suggest to all theory part of the subjects better to read early morning time only.
Step 4: You have to be practice problematical papers like Accounts, costing & FM otherwise in examinations difficult to salve the problems.
Step 5: Before going to exams you have to be revision total syllabus 2 to 3 times.
Step 6: My dear students in law & income Taxation subjects don’t code wrong section its results may be loss of marks. u have 100% confident on that u can code other wise write like, prescribed section.
Step 7: In examination presentation is very important that’s reason u have to start every question in fresh page and code question number in middle of the page & Avoid striking and write legible this is helpful to get more marks.
Step 8: After finish your exam don’t discuss with friends regarding that exam. left your question paper in examination hall and start your preparation for next exam.
Step 9: suppose in group I A/c paper u r not presented properly just ignore that and prepare for next exam. Maximum of students are doing is any one paper not presented properly he/she not concentrate remaining exams. My dear students don’t do like that may be chance remaining papers u can get exemption. So think positive.
Step 10:Dear students after completion of your exams in case u have doubt any subject start your preparation immediately because after announcing of the result u have only 2.5 months only. For clearing CA exams may be take one or more attempt so don’t get mentally stress.
Subject wise tips:
1. IT & SM: I would suggest to all SM preparation level is from last chapter to first chapter. And IT start with flowcharts & decision table later on network, inter net, DBMS finally start 1st chapter. From practice manual 40 to 45 marks paper will be from it so should be concentrate on that. Remaining part is definition part around 15 marks.
2. INCOME TAX: You have to read every concept in income tax paper & one more thing is total income problems important, and in every problem u have make note points its impress to valuationer.Put the currency symbol other wise u can loss marks. My sincere advice is don’t start with total income problem in examination y because its take more time for completion. at the time of preparation first of all finish indirect tax(service tax & VAT) y because its less concept u can get nearly 50 marks.
3. AUDITING: In auditing company auditor chapter is very important in that chapter only around 15 to 25 marks. And standards also important for exams read 2 to 3 times. Last 2 to 3 attempts asked only direct question only so more concentrate on direct questions.
4. ACCOUNTS: In accounts I & II subjects very important is accounting standards its around 12 to 25 marks in each subjects. In examination presentation level is start with journal entries problem then ledger a/c after that final a/c problems. y because time management is very important in CA examinations.
5. COSTING & FM: In this subject first of all theory part u have to prepare its nearly 30 to 35 marks later on start practice problems in both costing & FM otherwise u cont salve the problems in examination.
6. LAW: in this subjects first of all prepare company law & other laws y because around 50 to 60 marks cover in these topics. Later on business communication etc.
The following are the some basic tips that a CA FINAL student should follow to crack the CA FINAL exam.
- A student is required to prepare thoroughly for examinations well in advance and to devote at least two hours daily for studies while undergoing Articled Training.
- During leave period at least 14 to 16 hours’ hard work is required.
- Avoid mobiles, internet and television as far as possible.
- 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.
- Students should refer suggested answers of questions set in 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.
- 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.
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