How to prepare for CA final Exams- Group 1 : How to Clear CA Final

How to prepare for CA final Exams- Group 1 : How to Clear CA Final The last stage of Chartered Accountancy course is a time-taking process if it is not prepared with the perfect ingredients required to crack CA final Exam. Most of the students entering in the CA Final assume the whole study as real fearful things and judge it with the negative impact by trolling ICAI or by not taking blame on them for the wrong approach executed by students for preparations. Students must realise that the course has a value and ICAI is expected to present the industry with the best knowledgeable minds of the attempt. Therefore, students should develop a mindset of preparing the exams with a positive mind frame. Now when you are sure of preparing for the Group 1 of CA Final Exams, you should start your preparation as early as it can be. Below are the steps which are needed to be considered for cracking your CA final exam in November 2018 attempt. The first decision to consider is whether to go for Self study or coaching classes Self-study is appreciable for those students, who are not keen to take classes or who like to understand things by themselves. However self-study of all the CA Final subjects should not be preferred and on the other hand, taking coaching classes of all the CA Final subjects should also not be preferred. Subjects to be mandatorily considered for CA Final Classes: 1. Financial Reporting 2. Strategic Financial Management Rest two subjects are theoretical and can be understood through self-study. You should also focus on theoretical subjects like audit and CA Final law during your articleship training as it is pretty much related to the practical exposure u get to see during your training. For the rest two subjects; Financial reporting and Strategic Financial Management, you should try to complete their classes during articleship training and before taking exam leave, so it is imperative to choose a Firm where you get some time for classes and studies too. Now the question arises that how the classes need to be taken according to the time granted. Since you are preparing for only one Group; Hence, one class should be taken at a time as it will provide you with a room for self study as well as revision. Preparation Guidelines 1. Smart work substituted with Hard work Since time available for CA Final preparation is limited, you should mandatorily do an analysis of past trends to get good marks and also should cover 80% of the topics of which 95% of CA Final examination questions are asked. You can analyse the past trends with the help of trend analysis given at the beginning of practise manual issued by ICAI. 2. Learn and Dont cram The first step in the preparation of your CA Final exam is to start understanding and not cramming the concepts. Initially, a Birds eye view of the chosen chapter should be executed in the first reading which interprets as not more than 5 minutes should be given for a single page. Therefore, Second reading should be slower to understand each topic clearly. Once the reading is done, then in the third reading all the questions provided in the book should be solved. First and second reading of each subject should be done in maximum 20-25 days. 3. Revise as much as you can Revision is a key to crack CA Final Exams. The study compilations issued by ICAI are must be done before examinations as it is expected that most of the question which can be approximately assumed to be 70% will be seen in your attempt and may come from the previous years question paper. 4. Practice Practice is an imperative part of your CA Final exam preparation and should be done with at most focused mind. Once you will complete the first revision of all four subjects, then it is the time to attempt mock test papers. Mock test papers really support much in preparing for the exam day and it also highlights the areas which are needed to practise more. Points to be considered Self Prepared Notes: Syllabus in CA Final is very vast and therefore, it is difficult to revise the whole book every time and as well as during the one day leave granted to you before the day of Exam. Therefore, it is important to prepare notes since the inception of the first reading of the subject. The approach adapted from the first reading of your notes will really boost your performance during the last minute studies for your examination. Group study: Managing your studies with motivated friends will give you study goals while preparations, so as to work more hard in a competitive environment. A group study helps a lot in discussing various queries in this era of satellite classes and pen drive mode available. If you have friends who are in CA Final and preparing for Group 1 Exam, then you should form a group with them, provided your friends are also as motivated as you are for clearing the exam or else you can join an online forum for discussing queries in the Group. Hope you get enlightened with the article and will resume your studies with the positive mindset and high goals to crack your exams. Have a happy CA Final Exam preparation! Author: Priyanka Maheshwari