What is the most basic difference between Success and failure?
Did you ever thought about it?
Well, both are the end results of your activities!
There is a series of steps and the end results is success. No one delibratly try for failure.
Thus success and failure is the end results of your actions.
Everyone set the target for success and some were succeded in the exam and some otheres were satisfied with failure.
Both the successful person and failure persons have the same Goal and mind set.But the action of both were differ.
Thus, both the success person and failure persons have the same goal to success in the exam.This is the one of the interesting factor.
First, the main reason for failure is your presentation in the exam were not up to the mark of the examiner .
There are many students who were studied hard but no result for them for the exam and they were thinking that how they were study, they were tried their level best but still failure?Think some time you may be one of such person.
The answer to the solution can be identified with your presentation in the exam .
Good preparation but poor presentation in the exam and poor result.
For practical questions like MAFA and costing concept will play the role, but apply the concept in your way and arriving at the relevant and precious answer will fetch you good mark.
But for achieving this level require so many exercise from your part.
Firstly be familiar with the concepts then go to the prolem question and while reading the questions , try to understand that what is the relevant information to the concepts will be available and what are the information were missing and what is required to be arrived at.
There are many means by which you can arrive the solution. This is the main reason various book author the answer is presented in the different manner.
But concept building is a learning curve, this means , if you start with ABC(Activity based Costing) try to understand what is the basic concept?
Apportionment of indirect cost on the basis of cost drivers.The cost drivers and the related indirect expense have direct cause and effect relationship.
Here were reaquired to compute the cost per cost drivers first, then , there is an information about the cost driver unit consumed by the various department. just multiply it you can reach the exact figure of indirect expense.
There may be direct expense which pertaining to various department.
The total cost shall be a sum of both direct and indirect expense. There is a mark up on both the cost thus you arrived at the Selling price.
This is the basic concepts.
If you understand the basic concepts well in your way, then, you can read a particular question of ABC and try to undertstand that what is the information is available, what information is missing and what is required to be arrived to reach the solution.
If you doing a first problem without reading the solution, you may thing hard about the concept , will start the problem solving, will commit many mistake, our but once you understand the reason for your mistake then you can avoid the similar mistake for exam.
What is the logic of Lurning curve is that if you doing a paritcular problems in the first time , you may take more time, but by doing the similar concept problems you may be better and reach to the relevant and precious answer.
Think if you succeded in the cost management exam, you may be gone above approach. If you failed , iam sure that you are deverted from the above approach.
Thus, i can conclude that failure is the results of doing improper actions.It is just an example of frequent failure in cost management , MAFA papers.
Second, improper presentation and poor presentaion
Some students were merely mug up the matter and try to reproduce the same in exam. If it was a graduataion exam , you may be quite successful, but here you will fail because the question of CA set in a manner to reveal the understainding of the students to the subject.
mugging of Audit paper or Law paper will result bad results for you. Dont mug it up, rather, try to understand the matter in your way, try to document the relevant point in the notes.
Try to inter link the concepts in various sections and SA and the answer to the question shall be relvant and precious.
So , I think every body can become a successful person for the coming May 10 exam by adopting the mathod suggested above.
CA.ViVeK M ACA
(ACCOUNTS DEPARTMENT)
(28544 Points)
Replied 24 February 2010
Dear student
What is the most powerful organ of human body?
It is brain.The challenged brain can achieve the end result of success that is no doubt.
If you are challenged with the situation surrounding you, there may be two outcome, either you will hit out, or Get out from the CA exam.
Some students with their ability wiull clear the CA exam(IQ). But what is really warranted is the Emotional Quotient(EQ). Your emotions have some effect and power . Firsly your attitude . It must be positive attitude.find the right way of studies that i alrady suggested above.
Think sometime for the purpose of your studies( For coaching, computer training Etc) your father may be postponed buying of Scooter.
For the purpose of your studies, your mother gold may be pledge to the banker. For investing for your studies , your parents have some degree of ambition on you. Think once, i Think it will stimulate your emotions very well.
Secondly , deploy a right plan of studies according to your own strength and weakness and work hard for it.
I think, if you decided to success the exam, then, no one even ICAI can prevent you for claring the exam.
But the ball is with you, you should decide whether to hit the goal or not.
If you decided , then, it will generate some positive energy and that is more than enough for your success for the next exam...
CA.ViVeK M ACA
(ACCOUNTS DEPARTMENT)
(28544 Points)
Replied 01 March 2010
Be confident with you. Never compare your self with others if you doing so you are insulting yourself.
Be positive, plan well and work systematicaly no wonder you can get rid of any problems
sakthi
(Business consultant )
(137 Points)
Replied 04 March 2010
Dear Mr. Vivek,
Really very very helpful to me. I understood my probs. I've passed CA Inter & Final Group-I continuously..but for Group-II last 3 years i am keep on writing but no result. Now i realized cuase of failure. 1)lack of Presentation 2)lack of dedication. Bcos while clearing Inter & Final i didnt join any company. So that time my goal is to get good job & salary. But now i am getting 40k pm..Now i am trying good job..For which i should finish CA. Now i got a trigger..So i am confident to get result this time...
Very thank ful to you Vivek. My mail id sakthimahesh26 @ gmail.com..Pl be in touch..
CA.ViVeK M ACA
(ACCOUNTS DEPARTMENT)
(28544 Points)
Replied 04 March 2010
Really very very helpful to me. I understood my probs. I've passed CA Inter & Final Group-I continuously..but for Group-II last 3 years i am keep on writing but no result. Now i realized cuase of failure. 1)lack of Presentation 2)lack of dedication. Bcos while clearing Inter & Final i didnt join any company. So that time my goal is to get good job & salary. But now i am getting 40k pm..Now i am trying good job..For which i should finish CA. Now i got a trigger..So i am confident to get result this time...
Very thank ful to you Vivek. My mail id sakthimahesh26 @ gmail.com..Pl be in touch..
Sure Sakthi
1 Like
CA.ViVeK M ACA
(ACCOUNTS DEPARTMENT)
(28544 Points)
Replied 07 March 2010
We can focus on how to win your CA course.
The firstbasic factors towards this direction is a positive attitude.
Basically for qualifying CA course, you need not to be a super genius. Don’t feel that CA course meant for intelligent students.
What is a peculiarity of this course is even super genius also fails in this course. The main factor is your mind set up and outlook.
The Way in which mind look the matter is attitude. The CA course is really challenging hence the role of positive attitude cannot be over emphasized.
For cope with the challenge of the course, your mind shall be tuned towards challenges. This means raise according to the challenges at the disposal.
Inject some degree of cautiousness to the brain regarding the challenges of the course. The word here referred to as challenging and nottough.
At the time of joining the CA course, you may be known that the course is challenging and the passing out number is comparatively lower due to the passing standards.
I think surely you know this basic fact at the time of joining the course.Set the mind towards the challenging angle of the course. Be cautious, set a good goal. Students normally realize this fact after completing the first CA exam.
Try to bring the maximum out of you. You must think that CA course is not too big to hit but too big to miss .Please go through the below story.
DAVID AND GOLIATH
There was a giant who was bullying and harassing the children in the village. One day, a 17-year-old shepherd boy came to visit his brothers and asked, "Why don't you stand up and fight the giant?" The brothers were terrified and they replied, "Don't you see he is too big to hit?" But David said, "No, he is
Not too big to hit, he is too big to miss." The rest is history. We all know what happened.
David killed the giant with a sling. Same giant, different perception.
Your approach to the course is too critical to crack this course. If you feel that the CA course is tough then the course remains tough and remain difficult to clear even if your hard work and repeated attempt.
Think that the course is very challenging and too big to miss you out. This is the positive attitude. Tune the mind towards the challenging angle so that you can get the means toface the challenges. You may be pay more attentionand care towards the studies which otherwise cannot be achieved.
Your desire tobecome CA must be burning desire. The desire shall start burning at the time of joining the course and it continue to be burn until clearing the CA course.
If you had changedyour mind as suggested above, then , you won half battle.
Next step towards success is right goal setting
This is thesecond factor towards the success. While setting the goals, please pay the attention of time available for your exam.
Some students write exam merely because the first attempt is due within the period of 10 months. As indicated above, the course is challenging so that the goal setting shall be taken in to affect this factors.
A wrongset of goalhave the ultimate effect of failure. At the time of setting the goal, the students were ignore about the depth and scope of the subject.
But you can get an overview of the entire subject at the time of start studies. If there is senior ,what is the wrong for enquiring about the subject.
Best reference book
Now a days plenty of books were available in the market. It is recommended to buy one reference book along with ICAI book.
Study systematically
For theory subject better to prepare notesand for cost management papers understand the concept and work out the problems.
Revise periodically.
Procrastination
We have all procrastinated at some time in our lives. This is the major evilsas far as a CA students is concerned. What you want to do, do it now. Procrastination is a result of negative attitude and ultimately failure.
Just an example, At the time of registering the CA course, you might be thought that I have one year period of time, so can study it later. Ultimately the days will go fast and faster and the exam will due .
A completed task is fulfilling and energizing; an incomplete task drains energy like a leak from a tank.
Keep away the negative people and influence
Today’s students facing the peer pressure from the seniors and media. CA course is difficult and tough to crack.
There is a standard deduction of mark for CA course and result manipulation. If you are writing the exam first time, ifyou just see the hot discussion in our site, you can see many baseless discussion.
You may be have the potential, But if you see the negative discussion about the course, you may be delimited to your ability.
An eagle's egg was placed in the nest of a prairie chicken. The egg hatched and the little eagle grew up thinking it was a prairie chicken. The eagle did what the prairie chickens did. It scratched in the dirt for seeds. It clucked and cackled. It never flew more than a few feet because that is what the prairie chickens did. One day he saw an eagle flying gracefully and majestically in the open sky. He asked the prairie chickens: "What is that beautiful bird?" The chickens replied, "That is an eagle. He is an outstanding bird, but you cannot fly like him because you are just a prairie chicken." So the eagle never gave it a second thought, believing that to be the truth. He lived the life of and died a prairie chicken, depriving himself of his heritage because of his lack of vision. What a waste! He was born to win, but was conditioned to lose. The same thing is true of most people.
In short, If you want to soar like an eagle, you have to learn the ways of an eagle. If you associate with achievers, you will become one. If you associate with thinkers, you will become one. If you associate with givers, you will become one. If you associate with complainers, you will become one.
SOME OBSTACLES TO SUCCESS (REAL OR IMAGINED)
¨ Ego
¨ Fear of failure success ; lack of self esteem
¨ No plan
¨ Lack of formalized goals
¨ Life changes
¨ Procrastination
¨ Family responsibility
¨ Financial security issues
¨ Lack of focus, being muddled
¨ Giving up vision for promise of money
¨ Doing too much alone
¨ Over-commitment
¨ Lack of commitment
¨ Lack of training
¨ Lack of persistence
¨ Lack of priorities
Find the above factor carefully…
Failure and fear to failure
This is the major issues facedby the CA students. Those who had failed may be not taken properly in to the accounts the challenges of the CA course. Just a Preparing for the exam .But during the time of preparation if you had taken in to the account the challenges of the exam you can avoid the failure I think.
Below are more examples of the failures of successful people:
1. Thomas Edison failed approximately 10,000 times while he was working on the light
bulb.
2. Henry Ford was broke at the age of 40.
3. Lee Iacocca was fired by Henry Ford II at the age of 54.
4. Young Beethoven was told that he had no talent for music, but he gave some of the
best music to the world.
Setbacks are inevitable in life.
A setback can act as a driving force and also teach us humility. In grief you will find courage and faith to overcome the setback. We need to learn to become victors, not victims. Fear and doubt short-circuit the mind.
Ask yourself after every setback: What did I learn from this experience? Only then will
you be able to turn a stumbling block into a stepping stone.
Set back is inevitable. Learn from the mistake and correct the mistake.Ultimate result is you will winning the exam and CA course.
Wish youAll the best
VIVE M
castudenthelpdesk @ gmail.com
Durga Agrawal
(CFP, CS & CA Final)
(60 Points)
Replied 01 May 2010
Thank You Sir Ji
Its really helpful for me and even all the student who going to appear exam.
CAclubindia
