Study Tips for CA Final Preparation

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

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.

Practice Manual

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.

Be Confident

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.

Enough Revisions

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.

5 Reasons Why Become a Chartered Accountant

Chartered accountancy gained prominence, as a profession, somewhere in the 19th century. Today, it is recognised as a lucrative occupation, and regarded as a great career choice, with ample opportunities to forge ahead on the career front. Chartered Accountants are governed by the Institute of Chartered Accountant of India (ICAI), a statutory body that came into being through an Act passed by the Indian Parliament, in 1949. It is a well-defined job, with opportunities galore in the Govt, private sector, in fields pertaining to finance and business, within the country and abroad. It is a respectable and in-demand profession, which also pays well.

Anyone with Plus two can pursue chartered accountancy as their career. However, there is a catch. It is not among the easiest professions to get into. Don’t assume that studying commerce is all that you need to do. That is not true. You will need to cross a few hurdles on your way to becoming a chartered account. If you are an aspirant, be prepared to encounter fierce competition on your journey towards becoming a CA, for only a few are selected for the coveted programme.

Therefore, it is advisable to enrol in CA coaching classes, so you are at an advantage. CA training in Kerala compares to the best in the country and is designed to give you an edge over your peers. It guides, trains and prepares you to appear for the CA Foundation.

Do not allow the fear of competition deter you because the perks of being a chartered accountant far supersede the initial struggle. Yes, you have to begin early if you want to pursue your dream of becoming a Chartered Accountant. The preparation starts right after class XII, a bit challenging at first, but rewarding in the end. Let’s give you the top five reasons why becoming a Chartered Accountant is an excellent choice.

Varied job portfolios

The chartered accountancy course is not one closed subject. It readies you to deal with various facets related to commerce, which come useful as you shift job profiles. You start as an accountant, at the lowest rung of the ladder and gradually move your way up to maybe running a business.
Chartered accountants are in high demand, and opportunities are galore, in both the Govt. and the private sector. Large business houses hire their service as business advisors.

Varied Career Paths

Chartered accountancy promises you job satisfaction. It is fulfilling as an occupation, allowing you to grow professionally. Chartered accountancy can be your ticket into the ‘big.’ world of business. In today’s world, Chartered Accountants play a significant role in helping companies forge ahead and succeed. They act as Business Advisors; they may not always be in the forefront, but still an intrinsic part of strategy and planning, a critical position, in a business setting.

As business advisors, the responsibility of propelling a business to greater heights, boosting the company’s profit margins and expanding its market share and dividends rests on their shoulders. Their job as business advisors is to help business houses formulate financial strategies that improve overall growth. Over the years, the experience and skill they achieve can help them in establishing their own Chartered Accountancy firm(s).

International openings

The ICAI is recognised globally, and that means that the ICAI alumni can find overseas employment, provided of course that they fulfil the Visa and other criteria. Countries that recognise the ICAI qualification are Australia, Bahrain, Canada, Djibouti, Dubai, Ireland and the United Kingdom. ICAI qualified Chartered Accountants can work in any of these countries. The statistics available are encouraging; over 14% of ICAI alumni are working overseas. And with some nations relaxing visa rules, for migrant workers, the doors of opportunities open for a better future abroad.

Excellent salary and perks

The take-home package of a fresh Chartered Accountant can be upwards of five lakhs, depending on the organisation, its size and location. There are instances of companies offering bigger packages (read seven-figure), to young entrants. The earning potential of someone who chooses to freelance or start their own business is unlimited. This is one profession where the salary increases, exponentially, with experience.

The ICAI advantage

The ICAI is a premier institution recognised the world over. Unlike other courses, in other fields, where candidates shortlist institutions based on their ranking, it is different from the ICAI. Prospective candidates know it is ranked among the best on the international arena. Further, getting into the ICAI is no mean feat; it is an accomplishment in itself. You gain a competitive advantage that puts you ahead and helps you plan and charts your career.

However, these are the 5 Reasons Why to Become a Chartered Accountant. If you want to become a CA, then be up for the challenge. And here is where CA training in Kerala can be of help. It is a long journey, but with the right training, you can achieve your goals.

Which is the best option for your career? CA, CS or CMA

There comes a stage in life where all you need to figure out is the best career option. It is not easy to select from the various options available. Remember the time when we felt that selecting a course amongst science, humanitarian studies, and commerce, was going to be the biggest decision of our lives? Choosing a career option is even more confusing than that as it will make us the person we have had always wished to be.

Continue reading Which is the best option for your career? CA, CS or CMA

Best financial courses other than CPA and CMA?

Financial professionals have a choice of financial courses that they can pursue to further their career, seek promotion, get a pay hike or establish an independent financial business. There are a host of accounting courses available, which you can use to better your professional profile.

The certifications are not the same, which is what makes it even better. The different certifications help arm you with varied knowledge in the field and that adds more value to your qualification and skillsets. Therefore, it is good to have financial courses listed as credentials, behind your name. Continue reading Best financial courses other than CPA and CMA?

Is CA really hard? How does one become a chartered accountant?

Being an accountant is a passion for many people. What makes people aspire to do it and dedicate years of their lives preparing to be a chartered accountant is the umpteen benefits the professional reap. Yet you hear things about the difficulty level of the exam and hardships you have to face while doing the articleship. For beginners, it is normal to have confusion about the structure of CA exam and what the course entitles. Continue reading Is CA really hard? How does one become a chartered accountant?

How to become a chief financial officer after college?

A Chief Financial Officer or CFO is one of the most respected and high-paying job designations across the globe. Depending on the kind and level of the organization the professional is employed with, the pay-cheques get fat and the designation gets powerful. The following post will the outlining a complete career chat that will help you become a chief financial officer or CFO after college and of course, the best partner for this intent and purpose. Before we venture into the career path for becoming a CFO, let us understand the job roles, responsibilities, career opportunities and various other crucial integrals of the job. Continue reading How to become a chief financial officer after college?

Is an accounting degree worth it?

Have you been recently finding out the best CA training institutes in Calicut to start your career in accounting? Have you been worried over the current market scenario or have met someone that didn’t make it big after taking education at one of the most excellent CA colleges in Calicut? Or do you have any other doubts of such types in your minds? Then, the following post is going to be a really helpful thing you can come across the internet today. Before we begin with the real stuff, let us understand one thing – Accounting and Finance is MONEY. You work with money; you make MONEY!!! Continue reading Is an accounting degree worth it?

5 Major Challenges of a CA Professional

Chartered Accountant is a job profile which is lucrative owing to the money as well as professional growth avenues it opens. With the ease of doing business increasing steadily in the recent past, the number of start-ups and SMBs is gradually increasing which in turn has increased the demand for CA professionals around the globe. Though the CAs are high in demand and every year millions of students are graduating and enrolling in CA courses in Kerala, there are various challenges that should be understood well by all the aspirants to have a better understanding of their careers and lives as the CA Professionals. The following post will be highlighting the major challenges encountered by the CA Professionals and the best CA courses in Kerala that will help you prepare for these challenges ahead. Continue reading 5 Major Challenges of a CA Professional

Practise Yourself to Study Daily for ACCA Exams

To the crack the tough nut of ACCA exam (not only ACCA but all exams), it is really good to make it a habit of studying a little bit every day. Learning every day will definitely ease your revision and makes your exam preparation strong yet simple. Here are a few tips on how to achieve that elusive balance. Continue reading Practise Yourself to Study Daily for ACCA Exams