20 August 2014
IS 3 months sufficient for preparing both groups at CA Final? I have already given 2 attempts. I have started my preparation and finished 1 subject. I finished articleship also now.
Since my childhood I have been very good at my presentation skills. But still I wasn't scoring high in theory subjects. I don't know understand why I am just getting average marks every time. I have been using good reference books for theory subjects.
Due to articles I wasn't in a position to refer institute's study material all these days for theory subjects.
Though I wanted to study institute's material, I am left with only less than 3 months to prepare both groups. So its not possible to study institute's material.
Some people say u have to study only icai's material to clear the papers. But for IPCC I only used good reference books available in the market and got very good score in theory subjects...got 69 marks in audit, 59 in law.
So with reference to above para my question whether it is really possible to study icai's materials given the fact that final students always have time constraints and unbounded syllabus? For example if u see icai's final Audit material there are 2 heavy volumes. And more over it is very difficult to revise icai material day before exam.
After all any standard reference book in the market is prepared only using icai material since authors don't write on their own. So even if we prepare our notes we may still find other standard books better in condensing and presenting the subject as the authors are experts in their respective subjects and they might studied the icai material many times.
So please provide me some guidance regarding my questions.
1. 3 months sufficient for preparing both groups at CA Final keeping in view your previous final experience. 2. ICAI Study material has its own importance which cannot be denied especially in CA Final. 3. Your failure is just about bad time and I would suggest you to continue preparation. I am hopeful that this time you will get success. 4. You have to learn how to use ICAI Study material. For now I would suggest you to start reading imp topics from ICAI Study material as you must have full idea about imp topics. 5. Discuss with your friends which topics should be studied from ICAI Study material and focus on them. 6. You are right 100% ICAI Study material study is not possible now. 7. Do not think too much that there is some problem with your preparation method and just stick to the basics of study.
I would strongly suggest you all to stick to the basics of study to avoid further failure and ensure success. There is no need to make drastic changes in your preparation method. In CS and CA exams scanner, practice manual, revision test papers along with Institute study material plays an important role so take reference and plan your study accordingly. For me some basics of study are as follows:
1. Timely completion of course material—Very first basic thing is to finish your course to have better idea of course structure. This will also help you to prepare a good revision schedule along with study plan.
2. Timely revision-- Another basic study point is to give ample emphasis to a good revision plan. There is nothing is this world which can substitute a good revision plan. To succeed revision is must.
3. Ample amount of practice of Numerical [account and cost] questions-- One major reason of student failure is bad performance in practical questions. So ample amount of practice of Numerical [account and cost] questions is must along with perfect conceptual clarity.
4. Right amount of theory preparation in practical subjects—Most of the students don’t give due value to the theory in the practical subject. So right amount of theory preparation in practical subjects is equally important. The best way to solve this issue is to prepare notes of frequently asked theory questions from Scanner.
5. Selection of right books—Another basic point for good preparation is the selection of right reference books. So take help from your seniors in choosing right books.
6. Good presentation of theory— Lack of good presentation especially in theory paper is one of the major drawbacks for most of the students. In theory subjects good presentation of theory is must along with mentioning case laws and sections etc. So I’d request you all to take note of the same.
You are advised to regularly check the link given below to keep you in sync with latest amendments and keep a track of changes in Syllabus and various amendments from the BOS knowledge portal of ICAI:
CAclubindia
