23 August 2014
Helloo Experts Now, I have cleared the both groups of Ipcc & my articleship was started in march 2014 in a small firm which i am planning to change..Now,its been six month,I have been doing my articleship....I need your valuable advice regarding the prepartion for CA finals.My CA final attempt will be due in Nov2016. So,please tell me that how should I prepare for the finals...which subject should i start first and coaching of which subjects should be taken at the end? which subjects can be done with the self study?? Thanks in advance..!!
23 August 2014
First you need to decided in which you are going for self study and where you need coaching.
I think you should start your preparation in full swing from mid of June 2015. Till than I would suggest you to study law and audit and SFM. All of them are theory subjects.
Buy scanner and start preparing list for frequently asked questions. Start making notes in your own language. This will help you to understand syllabus at an early stage and these notes will be very useful in future and at the time of revision.
For tax, accounts and costing it is advisable to take coaching. Please revert if you need any other help.
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:
Thanks alot for your reply. Do you think that it would be beneficial to start the theory subjects first because what I believe that there will be some changes in the theory subjects till nov2016..So,isnt it good to start the financial reporting alongwith costing...?? And do tell me that from where can i get the study material like CDs/DVDs of costing and subjects as well..
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