Chartered Accountancy is one of the most promising courses. A CA qualified professional possesses unmatched job opportunities, enviable pay packages and job at a preferred location. Maybe due to that, the CA Final exam is one of the toughest exams to qualify too. Students turn apprehensive whilst thinking about joining CA courses.
Qualifying CA Final is not a herculean task. Anyone can clear the CA final exam with a planned approach and dedicated effort. We will be discussing the CA final study tips in this article. It will help you in organising the preparation and cracking the exam in the first attempt itself.
The CA final study tips elaborated here will enable you to do smart work. Smart work pays off more often than hard work. Your goal must be clear in your mind and the path towards it must be carved carefully.
Too many books, too much confusion
Referring to too many books can result in confusion. You need to ascertain the requirement and finalise books accordingly. You may tend to lose interest in the study if you start reading from so many books.
Trying to cover topics from all the books can confuse you. It may not remain in your memory even if you study from all the books. This means that a large number of books are not beneficial rather it can have an adverse effect on your CA preparation.
Understand the Priority
Questions may be repeated from some topics. The number of questions will be more from some other topics. Prioritise according to the importance of topics. Thereby, you can put up more effort on those topics.
You can refer to old question papers, mock tests by academies or apps for prioritising the topics. Expert tutors also will be of great help for deciding the priority. By studying this way, your load will be reduced substantially.
Mock tests are an essential part of CA final preparation. You can attempt question papers from the subjects/ portion you have completed. Mock tests will give you an idea about your strengths, drawbacks and areas requiring improvement. Thus, you can concentrate on those areas for improvement.
Mock tests will also present you the pattern of questions. Majority of the time, the questions follow a specific pattern. Having a hold on the type and style of questions will aid you in being prepared for the final exam.
The trends show that you can expect questions from Practice Manuals. You must be thorough enough in Practice Manuals. This will also be advantageous for covering the presentation part sought by The Institute of Chartered Accountants of India (ICAI).
Summarise Each Topic
Prepare a summary of each topic you have completed. It can be easy and convenient while revising the topics during the days close to the exam. Never miss the important points from the topics. You can make a note of it separately and mark it important with symbols.
You may prepare the summaries on the day you complete the topic. So that you can have the exact idea about the difficult and important sections of a particular section.
Update on Amendments
CA subjects/ syllabus are subject to amendments without any prior intimation or information. You need to be current about the subjects to know about it. It has to be included in the study materials.
Practice Questions to Strategize the Exam
Practice previous years’ question papers. Repeatedly practising old question papers will give you an insight into the question patterns. Consequently, you can organise the preparations.
It may be difficult to attend all the questions. Hence, you must strategize attending the questions. By which, you are sure to attempt maximum questions correctly. Ensure that you don’t end up answering questions wrongly in a hurry to answer maximum questions. Strategizing the exam will provide you with an upper hand with respect to other students.
Read Questions Completely/ Correctly
Do not hurry through questions. You must read questions completely to understand the exact gist of the question. Answering without reading the question correctly can result in wrong answers.
Lack of confidence can fail you even before you attend the exam. Remain confident during the classes, whilst preparing for the CA final exam, and on attending the exam. It is said that a confident mind can move mountains! This is just a CA final exam.
Never allow a pessimistic attitude to creep into your mind. Pessimism is the enemy of success. An optimistic and confident attitude is all that you need to perform well in the CA final exam.
Remain healthy, Physically and Mentally
This is another aspect related to what we discussed in the previous point. You must eat right and think right. Both physical and psychological health matters. A healthy mind and body, positive attitude and a confident approach are the basic essentialities for success.
We tend to forget theories and principles if we do not repeat it in our mind. Since the theories covered in CA are new to you, adequate revision is vital to keep it cemented in your brain. With this, you can answer the question without thinking too much.
Try to revise the topics at least thrice. It will be better if you can practice the question papers and revise the topics more than thrice. This is also helpful in answering more questions in less time.
Consider Professional Help
Tutors with a professional background can guide you regarding the preparations. You can ask them about the CA final study tips. With years of experience and practice, they can simply point out your mistakes and educate you with the right method to be adapted for successful CA final preparation. They may also brief you about shortcuts to remember certain difficult sections. Thus, the subject topics/ principles/ theories will remain in your brain without studying in detail.
You may follow the above-mentioned CA final study tips to qualify the exam in the first attempt. Nothing can stop a dedicated person filled with an optimistic attitude.