CA_Thrills

CA IPCC Study Tips:

1. Try and evaluate in which subjects you need classes.

– It is not necessary to join classes for all the subjects.

– Joining classes for all subjects will be a complete wastage of time and money.

– You should join classes only for those subjects which you are unable to complete by yourself.

– Personally I took classes for Acc., Adv. Acc., CAFM and Audit. I did self study for Law, Taxation and ITSM.

2. Selection of Classes

Don’t go for those classes which gives more attractive discounts and good prizes. But choose according to your need. I know many students who are influenced by glamour of coaching classes and ignores the quality of teaching.

According to me, you can follow some steps to get good quality classes –

– Ask for demo classes

– Take feedback from your friend who has taken same classes earlier

– Don’t ignore even a single mistake by faculty or mgt during trial class

– If they try to fool you by discount, small batch size or huge prizes;don’t get mislead.

– Always keep in mind you are joining classes to study and not for anything else so check whether study enviornment is there or not.

– At last have faith in your faculty, he will try his best while teaching because every teacher wants his student to be successful at least to attract more students

3. Selection of right books.Study-tips1-compressed

– It is very necessary to select right books for each subject and stick to same till your exams are over.

– Don’t ignore Study material by ICAI, they are really very important.

– As per CA IPCC AIR Rank 2 interview on CCI, “Students think Institute has given the books for free. But actually they are not free they have taken fees in consideration. They buy Accounts Reference, Stats Reference and scanners. They don’t even open institute books. In All the papers I could see (30 – 40) % direct questions came from institute’s book.”

– As per my view choose any book to study but don’t ignore any topic from study material.

– Have faith in the book you have choose. Don’t change book because every author has tried to put his 100% in the book and no book is bad.

4. Preparation of Notes

– I would strongly advise you to prepare notes for all subjects.

– You should makes notes only for you so put only those topics which you consider necessary for you and in your own language.

– Don’t make too lengthy notes as it will be of no use if you can’t revise them in one day before exam. My tax notes were so small that I could revise my whole IPC Tax 2 times within 10 hours.

– Try to use flowcharts, Hinglish (Hindi + English), Diagrams etc to make you notes easy and interesting.

– In practical subjects note all your assumptions and concepts in a seperate diary which can be revise before exams. I prepared a diary for CAFM and I got 74. It will be very helpful.

– Always note important (note not hard but important) questions on a seprate paper. You should note difficult question seperately. You should revise important question before exams and difficult question after your 2 or 3 revision when you are very confident that you can solve any question.

– You can also note in a separate diary, formats of all the questions. For eg, in Accounts there were lots of questions which were repeatitive in exams so I prepared a format that how I will solve such question if I got such questions in my exam. I got 14 marks questions exactly same as I mentioned in this diary.

5. What are important questions?

– In practical portion, Questions which cover all or maximum conceptsof the chapter are important.

– Important question should be easy so that it can be revised a day before exam easily without any hesitation.

– Don’t put difficult question to be solved a day before exam, as this caneffect your confidence level.

– Important Questions should be only 10-15% of the questions in the chapter.

– In theory subjects, questions repeatitive in exams are important. Idon’t think there is any shortcut in Theory every topic is important. But still you can search on Google or CCI for important topics in theory subjects.

6. Revision

– It is important to revise your whole course at least 2 times before exams.

– It is impossible to revise all questions. So always be selective while revising them.

– But must ensure that all the concepts have been revised properly.

– Before exam try to practice some mock tests. They will make you ensure in which area you are lacking.

– Don’t do anything new 20 days before exam. Focus should be more on completed topics

7. How much hour to study

– A silly question, but still many students are searching for it regularly.

– Once some juniors asked me the same question, I said I used to study whenever I get time. Some day it go beyond 14 hours, some time hardly 1-2 hours.

– My seniors use to tell me prepare you plans in advance and try to follow them. But sincerely speaking I never followed any written plan. Ya, I do create plans but follow them according to my needs.

– For eg, I create a target that I will complete this portion in such number of days. Don’t prepare schedule like study accounts for 3 hours, audit for 2 hours, tv for 1 hour etc, very difficult to follow such a schedule.

– My teacher told me a very good technique to improve your performance, he said prepare a weekly schedule on starting of a week and check on last day of the week what was your efficiency ratio during the week and again make plan for next week with necessary modification. In this way you will always have an idea what are your shortcomings.

– Finally after all the discussion I would say according to me a regular study is more important then 10-12 hours study irregularly.

– I read many Rank holders interview, overall my observation was :coaching/ college + 2 hours self study during starting period, 6-8 hours for 4 months before exams, 10-14 hours for 1 month before exam.

8. How to solve any problem?

– Biggest problem with our a CA Student study life that he has no one to cosult his problems.

– Problem might be your personal problem or problems related to your study.

– I got a nice solution to this problem during webcast by ICAI.

– A faculty said, ” write all your problems on a paper”.

– If you have any doubt or problem don’t keep it to your mind, just write it down on a page because lots of time we don’t even know what is our problem and any doubt can be solved easily when it is front of our eyes.

– Seriously guys, it’s a very nice technique just try it.

– If still your doubt is unsolved, search it on google or ask it to CCI members.

9. Friends selection surprise

– Guys sorry!! If anyone got hurt.

– According to me it is necessary to have good friends during study lifeas half of your day you spend with them.

– When I joined my Accounts classes I met some new friends who after some time started forcing me to bunk classes, drink alcohol and smoke.

– I left their company and joined new group, who were not so good in studies but had more focus on studies.

– We were a group of 4 students and all of us cleared our CA IPCC with good marks. So friends seriously matter.

– I read a AIR 3 interview she said, “I am very much thankful to my friend who was also my room partner. I got AIR 3 and she got AIR 13. We used to help each other during our studies.”

10. Negativity Vs. Positivity

– Never lose hope, I also before exam was feeling very low due to pressure of exams but avoid such things.

– If you are feeling low, consult with your parents only. They can help you best.

– Never get afraid if your friend say that he is very well preprared for exams.

– Always think about positive things.

11. During Exam

– Don’t be too excited if you know the questions or if question paper is too easy.

– Don’t be depressed if you don’t know the question or if you paper is difficult according to you.

– In both cases, you can ruin you paper.

– Always keep in your mind, if paper is easy, it is easy for all and if paper is hard, it is hard for all.

12. Other Miscellaneous

– My personal advise would be avoid using social networking or other similar materials like whatsup, fb, msg etc. I am only using fb to receive latest updates from CCI, CA groups and some institutes.

– Refer webcast available on ICAI website for CA IPCC preparation they are really awesome. ICAI has done a really very nice work by making webcasts available on internet. They are very useful.

– Read interviews of AIR Holders on CCI or other websites. They are really inspiring.

Thank you!! I have tried my best to put all my experiences and observations in this article. I hope this would be useful for the students.

These are personal views and completely based on my own experience. Sorry if anyone got hurt.

Source: Shared

CA exams are most difficult exam because it's not only test your knowledge but also your writing speed and patience..!!!!

CPT Admit Cards Released for December 2015 Exam

Follow the below link to download.

http://icai.nic.in/cpt-admit-dec-15/admit.php

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

CA Fresher Painful Story
After clearing Class – XII with distinction, I happily enrolled myself in CA, Heard a lot about this course, from already pursued ones. They told me, CA is one of the toughest courses of the country and it requires lot of sweating to clear it. They told me that CPT is easy, PCC/IPCC is tough and CA-Final is the toughest. After hearing this bark from their mouth, I started getting concerned, but never lost hope and patience.
CPT welcomed me well and I scored great marks in that. My confidence rose to a new level. After clearing CPT, I was in the queue for filling the registration form for IPCC/PCC. Everyone was happy and excited and so was i. Finally I reached the counter, submitted the form and got the poly bags containing those bulky books of PCC/IPCC. My heart skipped a beat after seeing those books, but somehow, I managed to carry those books to my home.
IPCC/PCC syllabus was tough, rather I would say it was lengthy, but I somehow managed it.
Accounts was easy, but audit was tough,
Sections of Law and Tax made my life rough,
COST-FM was beyond my reach,
I never understood, what the makers of IT & SM, wanted us to teach.
Teachers and various faculties of CA helped me a lot in understanding my syllabus and after a lot of sweating, after fighting with the examination pressure, I finally cleared it.
Getting an Articleship in a good firm was my major concern, but with some source, I, somehow, managed to get it. It was a mediocre firm.
First time filled an ITR Form,
TDS and service tax returns were like a storm,
Doing the vouching for 9 hours a day was very tedious,
tallying a balance sheet, always made me nervous
Ready reckoner was my only companion,
handling clients was difficult than peeling an onion.
CA Final’s oceanic syllabus took my breath away and I started blaming the person who made my enrolled in CA course. Office to home and home to office, attending the tuition even on Sundays and zero social networking ruined my life. But I knew, for getting a better life i.e. clearing the CA, you have to sacrifice, and I was doing that only.
From where to start and where to end
CA final’s syllabus was the hardest to defend
Found myself trapped in holding company’s / amalgamations sums
Toughest was to understand MAFA’s futures and options
Scoring good marks in auditing was like a dream
Muhnish sir’s law book made me scream,
second group was difficult than aiming a fish’s eye
standard & marginal costing made me die
Amendments of DT and IDT made my nights sleepless,
MICS book was like sprinkling salt on my wounds.
Winners never quit and quitters never win. I fought the battle, studied hard, had sleepless nights for almost 3 months or even more than that and finally succeeded. I cleared my CA and was very happy. Now all the problems of life will get sorted out. But that was not the scenario. Right now, I am struggling. Yes, a Chartered Accountant is struggling. I am not getting a job as per my want. What should I do now? Had I made any mistake by clearing my CA? There is no one to answer all these questions of mine.
Cleared my CA a year back,
Still looking for a job, which present scenario lack,
everyone told me, CA ban jaao, life set hai,
Yaar, CA to ban gaya, fir bhi kyun aaj meri aankhen wet hai…………..
# # no hard feelings for anyone..
Just faced this situation a year back, that made me to write this.
If someone gets hurt after reading this, my apologizes to them.
Thanks
Best Always
CA Abhay Hirawat

Story Behind The Logo Of ICAI

Almost everyone here have seen ICAI LOGO, So here is a Story behind the logo of ICAI . this is interpreted by a CA Student. Must read and share this.

Logo is a short name and apt symbolisation of a significance. So is the story behind the logo of ICAI which has the symbol of a majestic eagle in the centre of its logo. It symbolises the hardships of the eagle that it has to go through to be the strongest and the mightiest of all the bird species. And so is the course of ICAI. It has complex trends of specialisation yet the other part as a contrast brings out as the emerging gem i.e. the value is non comparable as its output is huge. The stepwise tidious job however hectic even has the super fantastic results to lead a systematic and a smooth life above all.

Here the proportionality rule goes this way , the more you toil the firmness and benefits towards your life is that certain.
More the tally to specify to clarify the similarities of the painful regeneration of an eagle to earn its survival perfectly same as the life of a C.A student. A perfect C.A student needs much to march upto the heights and efforts in order to survive in a recognised surrounding of C.A who leimagesad a sleek life of butter on a hot pan.

As the eagle reaches the age of 35 its body’s defence parts and vital hard parts become weak, yet for the other half of its span it needs to revitalise its system so it goes onto a high mountain and breaks its beak, dismantles its claws and so does with its feathers and after this painful process of about a month or so , its gets the capability for not just a meek normal survival but a strong young forever survival till it survives. Absolute no dependence and retains the capability of self defence and hunt .

At par of we see in a C.A students life he even has to go through the conversion procedure of blood into sweat.

Just at the end all to say is the eagle never bends and its eternal strength continues and a complete C.A has no ends it does all for itself and all by itself but just that all he needs is the change which is just a step away.

He too needs to undergo through all such challenges and needs to have a strong determination to pass this majestic C.A course. And after when he succeeds this quotation sets right! “Soar high up in the sky like an eagle!

Because sky is the only limit!!”.

This beautiful article ( story behind the logo of ICAI ) is provided by SWETLINA MOHANTY (CA STUDENT)
Email :- [email protected]

CA FINAL November 2014 Pass Percentage:

Both Groups : 8.23%

1st Group: 23.41%

2nd Group: 10.26%

Congrates to everyone (y)

The most Awaited CA Final and CA CPT results date declared.

Result will be announced on 19th January 2015 at around 2 pm.

All the best guys (y)

All the best (y)