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How to self study for CA Final Exam a talk by CA Pranesh Kumar

How to self study for CA Final Exam a talk by CA Pranesh Kumar

How to self study for CA Final Exam a talk by CA Pranesh Kumar :

How to self study for CA Exams

How to self study for CA Exams

How to self study for CA Final Exam a talk by CA Pranesh Kumar details

About CA Pranesh Kumar

Frist of all I will give some colour on how to approach a CA Exam

Now how to approach the CA question papers

how to approach the theory part of a CA subject

How to approach practical papers of a CA exam

How to self study for CA Final Exam a talk by CA Pranesh Kumar

About CA Pranesh Kumar –

Aged 30, Pranesh is a Chartered Accountant who is currently working as Head of Finance in a startup company at Chennai. He was working with Infosys- Corporate Finance for about 6 years before he ventured into startup space.  His areas of interest include project management,teaching, and conceptualization of ideas and conversion of same into profitable venture. He is a rank holder in his under graduation and passed CA in first attempt, with a conscious decision of not attending any coaching classes. He widely interacts with CA Students in small towns and villages and mentor them for successful completion of CA Course.

Hello all,

In an exclusive webconference for CAKART, CA Pranesh Kumar spoke on  “How to self study for CA Exams“. This exclusive talk from CA Pranesh Kumar will help all CA aspirants to get important tips and useful guidance to clear the CA Final Exam.
Date and Time: Saturday, January 25, 2014, 3:00 PM
Duration: 1 Hour (30 mins presenation followed by 30 mins Q &A)
Excerpt:
To directly view the Video please Click Here.
Excerpt of the talk:

I would like to thank Suphalaam for giving an opportunity to talk to the students. Today I am going to delve in the topic on how to self study for CA IPCC and CA Final exams. Particularly, I will not be able to go into CPT, because personally I believe CPT Students need little guidance. But for IPCC and Final Exams, students can prepare on their own with limited guidance from teachers and successful friends as well. I have been in touch with many students in the past 5-6 years. Generally students think that CA is a very tough exam. But personally I think that is not true. I think it is  a simple exam. The only thing is that you have to study the concepts well. And here you have to really put your head down and work. That is the only difference from any other exam. this is coming from a student who has done it himself. From my experience, an average student can pass it. you dont have to join expensive coaching classes.

CA exam curriculum has a limit, the syllabus has been defined. And very rarely questions are asked outside the syllabus. So there is a limit and boundary. And that is why CA is not that difficult.

Frist of all I will give some colour on how to approach a CA Exam

For CA IPCC, there are two categories of students – students who passed CPT and are taking IPCC and those who did graduation and are taking IPCC. The approaches are different in both the cases. People who are coming through Bcom, BBM, etc background you already know 60% of the syllabus is covered. I am not saying you will be an expert in it but you will know it.

Now how to approach the CA question papers.

Generally there 7 papers in IPCC, There are two categories of questions. I am not talking about subjects. I am talking about question set. There is nothing like theory subject or practical subject. In Law, there are theory problems and practical problems. In accounts which is a practical subject has theoretical problems. I am not differentiating subjects as theory or practical, I am going to say theory questions and practical questions.
People generally dont ready theory questions in advance. They prepare in the end. If you have 30% of the questions in costing as theory questions, that is substantial. They take very little time as compared to practical questions. SO you must prepare for theory part. So, whenever you are reading a question, quickly attempt the theory questions.
Emphasis has to be given to the theory part.

how to approach the theory part of a CA subject,

first of all you dont need more than six months to prepare for CA IPCC exams and more than 5 months to prepare for CA final exams. First thing is that get hold of the subject. I mean what all is covered in the subject. For example, in Law, what laws are covered. ICAI may have given you some study material, you should also have a reference book. If you are pare preparing for a subject, you should have always four things –
1. study material
2. reference book
3. success manual of the subject
4. RPP for the subject
These are the four things that are essential. Take study material and see if your reference book covers all the study material. There are a lot of books which dont cover all the topics.  Then, some people may or may not offer study material – but for theory you must go through a reference book. For example for law and taxation you should go through reference books.
You should prepare – gross reading and then net reading and then again gross reading.
First gross preparation , gross read what is covered in the course. You will be reading without understanding all of it. Net reading is understanding each and every line of the paper sentence by sentence. This will give you a deep understanding. You should take notes when you are doing net reading. While creating notes dont replicate the books . you only need to write the crux of the book. For example in Law you should cover all laws in not more than 200 pages. Bullet points are just fine.
Third time again you should do a gross reading of the whole material.  After that please make use of your notes for revision. and notes will max take only 3-4 days. So you will have ample time to revise. What I have heard is that you are not able to recollect evern after you have read it 3-4 months. So, it is important to make notes that can be revised again and again and you can still remember all of it. So for theory subjects, you should read at least 5 times.
 How to approach practical papers of a CA exam,
you start referring the study material and reference book. you should go through each problem one by one. You should work out each problems in a new books. And you should complete a problem and then you refer to a book. In examination if you are stuck, you will not get any reference. So, do not refer to the book while working out a problem.  When you are working out problems try to categorize problems in three categories – A, B and C. A is difficult, B is manageable and C is very easy. So when you revise you can just work out category A and B problems. In the third time you try 50% of B problems and all A problems. Fourth time, attempt only A problems.  In the end you just try your practice manual.  This works out very well for people who generally pass in the first attempt, if not in first then in second attempt.

How to self study for CA Final Exam a talk by CA Pranesh Kumar

CA Final Tips – In Summary,
1. I would say is the first thing is please change your attitude. Be positive. Any average person can pass CA. It is not that intelligent people attending top coaching institutes can pass. All it needs is meticulous preparation.
2. Be confident. Dont think it is hard to crack. Dont think there are two attempts. Think that it is the last attempt. That is the only way you can use your time well.
3. Another important thing is that have a schedule and plan properly. At least in the last four or five months. it should be as a school stet up . Morning to evening schedule should be very well defined and you can utilize you time well.
Have a clear cut goal everyday on what topic you are going to cover, or revise. So if you do not cover a topic of revise ample number of times you cannot do well.
4. prepare thoroughly, dont test your luck in your exam. Dont leave anything. you should know something of everything.
5. Do Effective revision. Do it 5-6 times. honest reading 5-6 times should do the job.
6. Another important thing is writing tests. while you are preparing you just try to solve random questions from old questions papers. In the first reading you may not even get 5 marks. After a second reading, your marks will increase to 20 marks , third reading may bring 40 marks .. 4th and 5th time you can score around 80. So, that can ensure about 60 marks in your final exams. If you do this, certainly there is no chance that you will not succeed. So, please write tests as many times. writing exams is very important.
7. The final thing is that last 15-20 days you should be calm. you should be relaxed and calm . stay away from anxiety. Try to chill out in the last 10 days. That will help in exams. You might have prepared for eight months, but all what matters is what you do in the last 10 hours in the exams. In the exam dont lose hope when you are not able to do first few problems.Attempt the theory questions first, that will calm you down and you will get warmed up.
Thanks and good luck with your exams.
www.cakart.in

How to self study for CA Final Exam a talk by CA Pranesh Kumar

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How to self study for CA Final Exam a talk by CA Pranesh Kumar

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How to self study for CA Final Exam a talk by CA Pranesh Kumar

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How to self study for CA Final Exam a talk by CA Pranesh Kumar

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20 comments
  1. Sweta Bansal says:

    Sir my CA final attempt is due on May 2015. I have juat an year left in my hand but my preparatipons have not started yet. I will be getting leave for examinations from 1st oct,2014. I would like to know whether there are chances to complete preparations for both the groups within these 7 months?? Earlier I had cleared my IPCC both groups in one month of study but CA final seems to be too vast. Please guide me regarding CA final self study preparations.

  2. Sweta Bansal says:

    Sir my CA final attempt is due on May 2015. I have just an year left in my hand but my preparations have not started yet. I will be getting leave for examinations from 1st oct,2014. I would like to know whether there are chances to complete preparations for both the groups within these 7 months?? Earlier I had cleared my IPCC both groups in one month of study but CA final seems to be too vast. Please guide me regarding CA final self study preparations.

    1. somil says:

      Am an ipcc student i have my first attempt in nov 2015 can u tell me how did u pass in one month ur ipcc xams???

  3. Pranay says:

    THANKS FOR GIVING GUIDANCE ON SELF STUDY SIR.

  4. Ambuj says:

    hello bhaiya ……now just 8 monthe remaining for IPCC NOV 2015 and I wish to appear for both groups
    I do not want to take coaching classes , firstly because of crowd factor and secondly,coaching classes here in Delhi run for 10-12 hours which means very less negligible time for revision and I firmly believe in self study……
    so if I take the good reference books can I cross the hurdle?
    scored 88 % in class 12 boards commerce stream
    entered IPCC through CPT route
    cleared CPT in 1st attempt in 2 month preparation
    please help…….thanx in advance

    1. https://s3-ap-southeast-1.amazonaws.com/static.cakart.in/avatar.png cakart says:

      Hi Ambuj,

      You will get best reference books from best authors please visit http://www.cakart.in.
      Please send an email to cakart@suphalaam.com about your requirement and they will get back to you.
      you can also visit https://www.cakart.in and chat with our counsellors. You can whatsapp at 09743899547 or you can call at 09980100288.

      Thank you.

  5. Abhishek Kumar says:

    My IPCC ( both group) exam due in November 2015, I am from Direct enery mode so i have to do my articleship then how can i prepare myself. Please say.

  6. naina says:

    Sir, plz help
    I m CMA final student,syllabus 2008.
    I don’t understand how to prepare as I’m attemping many times but failed.plz help me out that how I prepare as very few time is left and syllabus is changed.

  7. ashwini says:

    sir,
    iam a student of CA-IPCC
    my attempt is in nov-2015..i could not able to concentrate on studies..iam becoming lazy day by day
    iam married..and i think i need some guidance and support..
    please help how to complete preparation in 4 months

  8. ashwini says:

    sir,
    iam a student of CA-IPCC through direct entry scheme…iam doing my articles
    my attempt is in nov-2015..i could not able to concentrate on studies..iam becoming lazy day by day
    iam married..and i think i need some guidance and support..
    please help how to complete preparation in 4 months
    i belong to lower middle class family so i cannot afford expensive coaching
    and my in-laws dont allow me to go outside
    plz help me in self studying and how to plan my schedule…thank u

  9. Anshul Chandnani says:

    hello sir i have given cpt exam in june 2015 and doesn’t want to attend any coaching classes because they are very time consuming . so i want you to address me regarding how to pass ipcc both groups with very good marks and what strategies i should adopt ?
    Please tell i very much rely on you….

  10. Sumit Rawat says:

    Dear freinds & Professional my Ca final attempt is on nov-15 i have complete group 1 but not start 2 group ,Kindly suggest me whether i prepare for both group on nov-15 and the time table also.
    Regards
    Sumit Rawat
    Ca Final

  11. anusha says:

    sir
    ima student from direct entry scheme i hv given my ipcc exam 2 times not cleared plz do help me i have to clear nov 2015 attempt plz

  12. Ashish kumar says:

    I am very thankful to you sir, to give self confidence for self study

  13. Dharmesh Sharma says:

    Thanks sir for giving self confidence for those student who is giving exam without any coaching, i am also one of them.

  14. kousar naz says:

    I failed in ca final exam second GRP two times i have no idea how to preparation so plzz advise how to prepare ca final exam (second) in 3 month

  15. supriya says:

    hloo Sir,
    I m IPCC student, this may2016 i m giving my 3rd attempt.I’ve jioined CA through Direct entry Scheme. Sir in Second attempt i was sure to qualify my 1st group iof IPCC, but i Failed.I brought my copy of accont from Icai and i saw that my answers are not perfectly right, and thats was some how due to nervousness or lack of confidence. I request u to pls give me your valuble suggestion to improve my self as only two months are left n i m doing self study but not getting idea to cover my default portion.

  16. Praveen says:

    I’ve jioined CA through Direct entry Scheme and aslo I joined Articleship plz tell me sir How I do Study for IPCC 1st group plz Give Me Some Advice

  17. Vandana jain says:

    Hello sir I m CA final student I hv cleared my final 1st group in Nov 2011but my second group nt clear till now . now I feel I should quit from CA coz now I don’t have sufficient time for study .I hv 3 year old daughter nd live with joint family. I rally2 want to be a CA it was my dream but how I really don’t know please suggest me what should I do.

  18. rahul sharma says:

    i cleared cpt in 2012 and after my first attempt in nov 2013 in which i m fail i left my ca bcos of some reason but in nov 2016 i want to give my ipcc xam so sir plzzzz tell me what are the changes are their and kya mujhe fir se classes krne honge……plzzzzzzz sir help me thank you…..

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