What should be the best strategy for CA students ?
1. In most of the cases; student are mentally prepared to do CA in Std. XII. This decision should flourish in Std. XI.
2. If a student is not so confident in Maths; then join suitable coaching in Std. XI itself. One should see the level of Maths asked in CPT beforehand and accordingly prepare himself from Std. XI. Otherwise the gap would never be filled in.
3. CPT students should thoroughly read ICAI's modules. Although; top scored English Medium students till Std. XII will not find any problem to clear CPT. However; the CPT students should solve as many MCQs as provided by the Institute's website.
4. If a student has undergone proper tuition in Std. XI and XII; then I don't think CPT students are required to join coaching classes.
5. After clearing CPT, students should open all the modules immediately when these are received. Have an overlook about all the study materials.
6. Subjects which are altogether different and new; should be discussed in the group of students. CA students never try to make group for studies. If they do; the burden of studies would not be there.
They should share some subjects of their interest. Every Sunday they should explain the topics and important points therein. The troublesome points should be discussed stepwise. Very typical steps should be explained in Power Point Presentation. It may consume the time; but a great confidence will be seen in the students over the subject.
7. Parents should know which CA firms are the best in their city or outside the city if they wish to send their children outside their hometown. This should be tried as soon as the decision about CA is taken.
They should meet the firms togetherwith their children. The student will be motivated at an early stage and at this moment most of the CA firms would be happy to know that one brilliant student is likely to come in future. No firms refuse to take such students when approached beforehand.
The parents should ask them which type of qualities are required to develop in their children. Here the firm will also guide the students to some extent which would be of great help in CA career.
Unfortunately; in many of the cases; parents "fix" the CA firm of which they are clients. It must be avoided. Such students are never prepared well for the profession because with the help of parents; students take those decisions which they think are favourable to them. Actually these decisions are unfavourable to them. They never learn professionalism in such situations.
8. Try to know the difference between a CA in practice and a CA in job. More than 95% of students and their parents conclude that job is better ! Then one should try to think why their boss is running the practice ? Is this question not important to analyze ?
9. When visiting the office of a CA firm for articleship; keep your eyes open and visualize how files and documents are maintained. If these are scattered on the tables; never join such firms.
10. Know how many articled clerks are there and how many of them are in CA Final. Such experienced students can provide a great help to new students.
11. If possible; discuss with senior articled clerks how many leaves are granted for CA exams. If they say; no problem - easily available ! Then ask about their working hours. If they still say; no problem ! By listening such happy words; don't become happy. The conclusion is - The firm is not having excellent exposure in the work in which it is engaged.
12. In my opinion; every CA student should qualify both group of IPCC before joining articleship. Otherwise neither studies would be proper nor the training. These students would be preferred by the good CA firms over the others.
Here students unnecessarily try to save 6 months. These six months are not so important than the practical training. This training would never happen again in your whole career. Hence choose the best firm for training and to have opportunity in such firms; firstly prove yourself.
13. Develop communication, analytical skills and speed.
A normal accountant is available at Rs.10,000/- pm. If he is good in English; he would be appointed at Rs.15,000/- pm. If his career runs for 35 years then multiply it by Rs.60,000 and the result is Rs. 21,00,000/- which he earns just due to good communication skills in English ! Join one of the best Spoken English Coaching in Std. XI itself if a student is not good in English Speaking.
Practice regularly some sums of Accountancy and Cost Accountancy. This will give you confidence and speed both which is a must for CA exams.
14. During training; see each and every document very carefully. Here one may find problem of disposing off the work allotted by the boss. So the strategy should be to see carefully some selected documents and try to understand why some specific information is needed in the documents ? Everytime you see a document ask why this documents is needed. After some time; you will be able to develop your skills ( common sense* ) to such an extent that the moment you see the document you would be able to say something very important about it.
15. Know some tricks about speedy reading and writing. If you increase the both; you will save a lot of your time - for whole of the life !
The easiest way of developing such skills is - practice, practice and practice.
16. Many members have already given their valuable advices. Please read them regularly. Just reading would not suffice. Think over it why it is written. Make your own points to remember them.
Regarding some other points; I have already discussed these in my articles and some forums.
Now I invite the comments from the members.
Thanks for your patience and giving honour to my request in previous posts.**
(Sixer on Last Ball : You can treat this one** as my strategy).
CAclubindia
