Options for CA failure students The term CA failed students is too generic to comment. It could fall in any of the following categories : 1) A student who has failed in his IPCC a couple of times 2) A student who has failed in his IPCC more than 4 times 3) A student who has failed in his CA Final a couple of times 4) A student who has failed in his CA Final more than 4 times The reason for classifying as above is if a student has failed either in his IPCC or CA Final just a couple of times, there is no real reason for him to panic or feel frustrated as 70% of the students fall under this category. With the results of these exams being as mean as it is, this is bound to happen. However if the student has not been able to clear the exams (not even a group to give him some comfort) more than 4 times then one has to look at viable alternatives. Since the action plan for categories 1 and 3 are similar, am combining the same to avoid repetition. IPCC / CA Final failed a couple of times The student has to do the following in such a case : 1) Get his answer paper copies from the ICAI and get the same reviewed by a qualified person. 2) He needs to identify a mentor who should be able to identify his weak areas and guide him on how to go about his preparations with special focus on his weak areas. 3) He has to write multiple mock tests to ensure that the corrective action planned has been implemented. For this purpose, he has to get his answer sheets evaluated by a qualified person. Once a student does the above, the probability of his passing the exams gets much better. IPCC attempted more than 4 times If a student has religiously followed what has been suggested above for students who have not been successful in their IPCC for a couple of times but still has not been able to achieve the desired results for more than 4 times, then it is time to think of Plan B. It is to be clearly understood having a Plan B is not a reflection of a student’s incapability but rather an assertion of his understanding the ground reality and taking appropriate corrective action for his success. There are innumerable cases where students have done this and been very successful in their career and life. After all its not for nothing did Sir Winston Churchill state “Success is nothing but going from failure to failure without loss of enthusiasm. “ A student who falls in this category must have completed his B.Com by this time on the presumption that he was pursuing the same along with his preparations for his IPCC. Thus he must have spent at least 3 years by this time on CA (including CPT) and hence needs some immediate dose of confidence to ensure that his Self Esteem stays put. The need of the hour here is some short term Certification Courses that does not exceed 12 months duration but at the same time gives him the shot in the arm to kick start his career meaningfully. The CMA from the US and the CIA from the US are two programs that immediately come to my mind. These are short term programs (a candidate can expect to complete the same in less than a year if he is committed) and enjoys global recognition. With many MNCs setting up shop in India these courses are picking up in demand and is expected to soon become well sought after. With the focus on Application, Analysis and Evaluation more than mere Remembering and Understanding, these courses precisely meets the needs of the industry today in the global scenario. Final attempted more than 4 times Similar to IPCC, Plan B becomes essential for students in this category also. In addition to the CMA and the CIA programs detailed above, the Certified Public Accountant (CPA) of the USA also becomes a very viable option for a student who has cleared both the Groups of his IPCC but not able to clear his CA Final. Again with just 4 papers to be completed, a committed student can complete this program in 6-12 months time frame. With the flexibility to write the exams paper by paper (similar to the CMA & CIA) this program gives is a real boon for students wanting to earn a global certification in finance and accounting. Ganesh Vaideeswaran CPA (USA), CIA, CMA (USA), ACA, Grad.CWA

Here are some videos which can be helpful for you -

"How to Overcome Failures in CA/CS/CMA Exams - By CA Gopal Somani"

https://www.youtube.com/watch?v=vXm7rvSoioo

 

"Common mistakes to avoid while preparing for CA/CS/CMA - By CA Gopal Somani"

https://www.youtube.com/watch?v=zt1EUPFO86s

 

Please let me know if you have any query.