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What to do after CA Exam ?

What to do after CA Exam?

What to do after CA Exam : Here in this article, we will discuss in detail what to do after CA exam i.e. after completing your CA Final Exam.

what to do after ca

If you have attempted your CA Final exam you will fall under one of the two cases mentioned below.

What to do after CA Final Case 1: If you have attempted both the groups or cleared one group and have attempted the other group and you are waiting for the result. 

This case means if you clear your exams, you will become CA in a few months. 

What to do after CA Final Case 2: If you have attempted only one group and will attempt the other group in the future.

This case means you still have to write one more group in the next attempt, so there is some distance to go.

What to do after CA Final Case 1: 

Case 1 – About to become CA after clearing exams

This case has three scenarios – 

  1. You are confident of crossing the line and clearing your exams
  2. You think you have a 50:50 chance
  3. You know things didn’t go as planned and you will have to write the exam again

We will take each scenario and discuss what is the best course of action in each scenario below. 

What to do after CA Final exams Case 1 – scenario 1 

If you are confident that you will clear both the groups or the last group

Once you write your CA Final exams, Those students who are confident in clearing final exams, they start searching for jobs or start practicing by becoming a partner in CA firms.

If you have time to study further and then you’re interested to pursue in other professional courses. Here are the professional courses mentioned below, You can go as per your interest in a particular field of specialization.

Courses to do after CA Exam

CFA (Chartered Financial Analyst) 

If someone has a deep interest in the Financial Sector, then s/he can go with CFA which is a professional certified course offered by the CFA Institute.

This course is globally recognized which provides a strong foundation for real-world investment and also teaches how to effectively manage portfolios. It needs you to pursue 4 years of practical training experience.

CIA (Certified Internal Auditor) 

CIA is a world-renowned course for the certification in Internal Audit issued by IIA (Institute of Internal Auditors). After becoming a Chartered Accountant, if one is looking to grow his career as an Internal Auditor, then s/he should go with this course. 

With this course, you will gain a wide knowledge of GAAP (Generally Accepted Accounting Principles) and SOX (Sarbanes-Oxley Act).

CISA (Certified Information System Auditor)

Well, CISA is a world-renowned Information System audit based course issued by ISACA based in the U.S. and is the best option for CA’s who are confused that what after CA. The course is designed to bring the best risk-based information system auditor in you. 

CISA has more value than DISA as it is internationally recognized, although the toughness high according to the standard.

DISA (Diploma in Information System Audit)

DISA is a diploma course issued by ICAI for the system security and audit. DISA is conducted by ICAI under the license obtained from ICASA and only qualified Chartered Accountants can appear in this exam. 

This course has now been a compulsory part of those who want to do the Bank Audits or Information Systems Audit.

DISA is a bit tough but important if you want to carry out your own practice and wish to have a Bank or Information Systems Audit. DISA is termed as the best course after CA.

ACCA (Association of Chartered Certified Accountants) 

You must have heard many times that pursuing ACCA after becoming CA can open the doors for many International career opportunities.

This is a globally recognized course that allows you to practice in 180 countries throughout the world. ACCA is a world-renowned body known for its excellence in Accounting and Finance.

Here you will be going to learn about UK GAAP, IFRS, and other International Laws. The main advantage of doing ACCA after CA is that this course recognizes the CA qualification.

After clearing the CA Final, ACCA gives you 9 exemptions out of 14 papers which means a qualified Chartered Accountant is required to appear in just 5 papers.

 

What to do after CA Final exams Case 1 – Scenario 2

If you are confused and unsure that you will be able to clear both the groups or second group (50-50 situation)

If you are not confident that you will clear both the groups or one of the groups, then you should start studying for the subjects that you think were difficult and should not wait till the results are declared.

It gives you an advantage where you can get an extra 2 months to prepare. Even if you pass the exam, there is no loss for you as the study will help you prepare better for future endeavors.

If you think that you are not confident with your study preparation and think that you need expert guidance then you can opt for CA Final Video classes from CAKART.in.

The faculty here are the top-level faculty in the CA field. Video classes will definitely help you to clear the exam in the next attempt with good scores.

 

What to do after CA Final exams Case 1 – Scenario 3

If you are sure that you will not clear both the groups or the second group.

If you are not confident and think that you will not clear the exam, then you should start preparing for the next attempt.

In these times, local classes are not able to bring the kind of faculty that online classes like CAKART.in can bring. You can opt for CA Final Video classes from CAKART.in. Also, their services for exam preparation are far better than others.

Realize what are the mistakes made in the last attempt which lead to the failure. You should start studying for the subjects that you think were difficult in the previous attempt.

Also, you should join the three online communities for CA Final exams –

  1. Join the Most Dedicated CA Final Telegram channel
  2. Install the Most Downloaded CA Final App – 1 Lac+ downloads – Get complete Free Study Material, MCQ, Flashcards, Videos, PDF’s. etc
  3. Subscribe to the most important CA Students YOUTUBE channel

Focus on these subjects so that you will be able to pass them in the next attempt with ease.

Focus on important topics rather than studying all the topics in the subjects. You can also get the video classes from CAKART.in. with top-level faculty. Their classes will definitely help you pass the next attempt with good scores.

So those were the best course of action in case 1 and the three scenarios. 

But, seriousness apart, a few more things which would be good options during the 2-month period until you get the results are:

Relax: The subsequent levels of CA may require a lot more effort than what foundation exam required. Get prepared for it by relaxing yourself really well.

Even In case you have decided to take up both the two Intermediate groups, make sure you are not very stressed or fully hectic.

Relax, hang out with friends and pursue your hobbies for these 2 months so that you make an energetic start towards the subsequent step.

Focus on skill development: Many CAs lack communication skills, interpersonal skills, etc. One way to become a better CA is by possessing all these skills along with technical skills. So during this gap, try developing these skills so that they can serve as value additions in your career also. 

Read Newspapers and articles: A Chartered Accountant is expected to be updated with the latest amendments and if you are dreaming to be successful.

Prepare your CV: Everybody knows that after passing the first group of IPCC examinations, one has to undergo three years of practical training or Articleship training.

In this cut-throat competition, you should prepare yourself for the upcoming challenges and catch the opportunities whenever you get a chance. Therefore it would be better to prepare your resume even before the result.

Select the Companies: From the Institute of Chartered Accountants of India students get ample time to choose the firms for their Articleship. But in this competition era, students are not getting practical training at their wished Chartered Accountants firm.

Even some of the students have to undergo the dummy Articleships which has proven to be the big constraint in their career.

Therefore instead of wasting time after the result, in selecting the companies one should be well prepared with the resume and names of the Companies. So that you can start applying as soon as the result is declared.

Spend time with family: Family time is very important. Spend lots of time with your family, make them feel happy in these 2 months.

What to do after CA Final – Case 2: 

Case 2 – Still have to write one more group in the next attempt

This case has three scenarios – 

  1. You are confident of crossing the line and clearing your exams
  2. You think you have a 50:50 chance
  3. You know things didn’t go well as planned and you will have to write the exam again

We will take each scenario and discuss what is the best course of action in each scenario below. 

What to do after CA Final exams Case 2 – Scenario 1

If you are confident that you will clear the group 1.

If you have attempted group 1 and are confident that you will clear the group 1, then you should start preparing for group 2.

Don’t waste any time enjoying, after writing group 1. Start preparing for group 2 and maintain a time table to focus on every subject.

Make a Time Table in such a way that you will be able to finish preparing for your subjects well before the time of examination. You can opt for CA Final Video classes from CAKART.in. The coaching from the top-level faculty will definitely help you achieve better results.

 

What to do after CA Final exams Case 2 – Scenario 2

If you are confused and unsure that you will be able to clear one group (50-50 situation)

You are not confident that you will clear one group, then you should start studying for the subjects that you think were difficult and should not wait until the results are declared. It gives you an advantage where you can get an extra 2 months to prepare.

You should also start preparing for the difficult subjects in the second group because if you pass one group, then this will help you to get a headstart in your preparation for group 2.

If you think that you are not confident with your study preparation and think that you need expert guidance then you can opt for CA Final Video classes from CAKART.in.

The faculty here are the top-level faculty in the CA field. Video classes from them will definitely help you to clear the exam in the next attempt with good scores.

 

What to do after CA Final exams Case 2 – Scenario 3

If you are sure that you will not clear the group 1.

If you are not confident and think that you will not clear the exam, then you should start preparing for the next attempt.

In these times, local classes are not able to bring the kind of faculty that online classes like CAKART.in can bring. Also, their services for exam preparation are far better than others.

You should start studying for the subjects that you think were difficult in the previous attempt. Focus on these subjects so that you will be able to pass them in the next attempt with ease. Focus on important topics rather than studying all the topics in the subjects. 

You can opt for CA Final Video classes from CAKART.in with top-level faculty. Their classes will definitely help you pass the next attempt with good scores.

You can check out the CA Final Classes here. you can also contact them at their sales number – 9980100288.

Also, don’t forget to do these three things now for best CA Foundation preparation- 

  1. Join the Most Dedicated CA Final Telegram channel
  2. Install the Most Downloaded CA Final App – 1 Lac+ downloads – Get complete Free Study Material, MCQ, Flashcards, Videos, PDF’s. etc
  3. Subscribe to the most important CA Students YOUTUBE channel

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