Reetu | Apr 23, 2024 |
CA Exam: 7 Important Tips by ICAI President every CA Student should know for Exam Preparation
Indian chartered accountants (CAs) are globally recognized and valued for their knowledge, expertise, acumen, and work ethics. The precisely prepared CA Curriculum developed by the Institute of Chartered Accountants of India (ICAI) has contributed significantly to this recognized reputation.
The CA course not only provides in-depth knowledge but also cultivates important abilities required for overall career success in navigating the complex details of today’s corporate landscape. ICAI examines its curriculum on a regular basis to ensure that it keeps up with educational innovations and other changes at the national and international levels.
The New Scheme of Education and Training, which began on July 1, 2023, aligns with the National Education Policy (NEP) of 2020 and the International Education Standards (IES), and it provides requisite competencies through enriched learning methodologies, cogent and holistic skill assessment, effective and focused practical training, industry orientation, and a multidisciplinary approach that incorporates new age technologies such as Artificial Intelligence, Data Science, and Blockchain.
The CA Course welcomes students from a variety of academic backgrounds, transcending the boundaries of Commerce, Science, and Arts. The course is delivered via online learning and includes two years of practical training under a practising CA or in an approved industrial unit.
With a small financial investment of Rs. 80,000, it provides opportunities to aspirants from all walks of life, ensuring inclusion in the quest for professional achievement.
ICAI President, CA. Ranjeet Kumar Agarwal, has shared tips and tricks for aspiring Chartered Accountants.
Effective Exam Preparation Strategies
The journey to becoming a CA needs complete dedication, strategic preparation, and constant study. For aspiring CA candidates, learning the art of successful exam preparation is essential for navigating this difficult route with confidence and excellence.
A well-thought-out study plan is critical for successful exam preparation. Begin by assessing the strengths and weaknesses across several subjects. Spend more time on areas that are more difficult for you, while covering all relevant topics in depth.
Divide your study program into daily or weekly portions, including time for revision and practice exams. In today’s digital world, where communication is instant via WhatsApp and emails, the physical act of writing by hand has taken second place. Handwriting stimulates the brain in ways that typing cannot mimic.
The act of physically writing not only enhances memory retention, but it also promotes a deeper understanding of the material. As a result, it is critical to use successful study tactics such as a thorough read-through followed by at least two rounds of rewriting, as well as to prioritize writing practice.
ICAI offers study resources complemented by Live Learning Classes, Multiple Choice Questions (MCQ) Paper Practice Portal, and Saransh to help students better understand complicated concepts. The study materials serve as the foundation for learning, providing extensive explanations of topics supported by numerous illustrations.
The ICAI also provides Revision Test Papers (RTPs), Suggested Answers, and Mock Test Papers (MTPs) prior to each test to help students become acquainted with the exam structure and improve their time management abilities.
The financial and regulatory landscape is continually changing, and the CA examination and guidelines reflect this. Stay up to date on the ICAI’s latest regulations, revisions, notices, and announcements. Check the official website and relevant publications on a regular basis for course-related modifications.
The ICAI-BOS Mobile App and BoS Knowledge Portal provide students with a comprehensive set of educational tools. ICAI’s mobile app assists students in resolving their problems. The BoS Faculty addressed over 20,000 subject-specific questions from students between 2023 and 2024, which can be tracked and seen by students at any time and from any location.
To overcome the distance learning gap, ICAI offers free Live Learning Classes (LLC) with excellent lectures from recognized faculty that are relayed in the morning and evening after office hours without interfering with students’ articleship training schedules.
Prior to each examination, the ICAI hosts webinars for students, providing specialist instruction suited to each paper at all three levels of the CA program.
The first series of webinars for the May 2024 exam was held in March 2024, and the next series of webinars for the Intermediate and Final May 2024 exams will run from April 16 to April 24, 2024. These webinars are also freely available on YouTube, so students can watch them whenever they want.
In this digital era, youth are so engrossed in the virtual world via various social media platforms that it interferes with their education and actual life. Preparing for CA examinations necessitates a concentrated approach, intense concentration, and diligent effort.
Achieving a balance between studies and social media is critical. It is beneficial to utilize social media to connect with friends and mentors for the exchange of study materials and talks about upcoming examinations, but students should avoid distractions.
It is best to discontinue using social media platforms at least three months before the exam.
Prioritizing your health and well-being is essential during the hard training process. To maintain physical and mental fitness, get enough sleep, consume a balanced diet, and exercise on a regular basis.
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