Chartered Accountancy (CA) is an extremely challenging and highly rewarding career choice. Once you clear the exam, you open yourself up to a lot of employment opportunities which you otherwise would have struggled to even get an interview call for. Also, chartered accountants have been in business since the early 1900s with the first documented professional body formed in 1850s. In this article, we’ve provided CA Final Study Plan to help the aspirants plan their preparation accordingly.
I’m sure you’re all pumped up to begin your studies and give it your best shot. But remember, the motivation will wear off once you start studying and it is best to have a plan that you can stick to when the motivation does go away.
Today, we’re going to go over how you can plan your studies for your CA exams in 2019 -20. The aim is to crack the exam in the first attempt, but since the success rates are so low, it’s okay to not clear in the first go.
Suggested Approach for CA Final preparation
Most candidates start their studies after their leave starts. But since most candidates don’t clear the exams, it’s best to avoid the “most candidates” route. If you’ve decided to appear for CA Final in 2020, start studying right now. You need to make sure that you’re able to revise the subjects as often as you can.
How Many Hours Per Day?
If you’re still studying for your graduation, or are working for a company, you might not get a lot of time before you apply for a long leave. In such cases, it’s still a better idea to study an hour a day from now instead of waiting for your leave.
Once the exams are close, it’s time to catch up speed and begin working much more.
Study Time-Table When Exams Are Close
The idea here is to get 10 to 13 hours of study time each and every day until the exams begin. I’ve provided a sample study plan below. You can break down each session into the subject or topics that you will be studying.
Spend a few hours planning each and every session very carefully so once you begin your daily studies, the only thing you’ll have to focus on is the topic that you had planned for. If you hadn’t planned before, every day would have to begin with “What topic to study”.
Here’s the sample study plan for CA Final exam prep
- Morning Study Session – 9am to 1pm
- Lunch Time – 1pm to 2pm
- After Lunch Session – 2pm to 5pm
- Snack or break time – 5pm to 6pm
- After Snack Session – 6pm to 9pm
- Dinner – 9pm to 9:30pm
- Final Study Session of the day – 9:30pm to 12am
If you’re looking at this plan now when you have a lot of time to study, it will look overwhelming, and might even seem unnecessary. But as the days progress, you’ll understand why these many hours of study are required.
Subject-wise time table – CA Final Study Plan
This is a plan that you execute when you’ve gone through all the subjects at least once and are ready to dive deep into them. Here you have two approaches and you can choose the one which fits you the best.
- One Subject per day
In this approach, you focus on just finishing one subject per day. It’s difficult to finish an entire subject, but the plan is to learn as many topics of the one subject you choose.
The benefit here is that you’ll be able to focus on just one topic and study through until you know it thoroughly.
- Two Subjects per day
Here, you’ll focus on two subjects per day where the first subject will be done in the first half of the day and the second during the second half. The benefit of this approach is that you will not get tired of studying the same subject for the entire day. You can create a balance between theoretical and practical subjects if you need.
Select an approach, and plan accordingly. Once planned, stick to the plan.
Revision Strategy CA Final Nov 2019
The minimum time you’ll need to revise is 2 months. So make sure you’ve taken the time to plan your studies such that you have at least 60 days before your exams begin to start with your revision.
In the remaining 60 days, you will finish revising all the subjects twice.
- 1st revision of each subject will take up 32 days. You allocate 4 days for each subject and study the subject thoroughly.
- 2nd revision will take up 16 days. You half the number of days by allocating only 2 days for revising the subjects once again.
- Once you’re confident about each subject, it’s time to allocate the remaining 12 days of your total 60 days for solving question papers.
To Plan Or Not To Plan
Every single step that you take up during your studies has to be planned prior to doing it. The reason for this strategy is that when you no longer have the energy to put towards studying anything you will not be able to take up a good decision on what topic to study. You’ll either end up taking the one that’s easiest for you or skipping the entire day as a break.
In such cases, it’s always preferable to stick to a plan.
What Not to Do – CA Final Exam Prep
I’ve shared all the do’s above but there are a few things you have to make sure you don’t do. We all fall in these situations in the time of pressure and it’s best to avoid doing the below things
- Call your peers to ask about their progress
- Compare your study material with theirs
- Ask your peers for topics that are “important” (This question will be answered by your teachers)
- Add new topics during the revision phase
The last point is very important. No matter what your case is, always remember to avoid new topics during the revision phase. You have to make sure that the topics you know are the ones that you will be able to write in the best possible manner during your exams.
To chop down a tree in 5 minutes, spend 3 minutes to sharpen your axe.
Chartered accountant (CA) exams are difficult and exhausting at the same time. Since you have 7 months for your CA exam in May 2020, spend a few days planning for your studies for the remaining months. This plan will help you stay focused.
Since “most people” don’t plan and study as per their “moods”, just adding a plan to your time and sticking to the plan will take you much closer to your chance of cracking the exam much sooner.
We’ve not provided a very specific subject-wise plan that’s a “one-plan-fits-all” offering. That’s because we believe in individuality. Everyone has different subjects that they know are easy for them and can study much quicker. For this very reason, we would suggest creating a plan of your own and not copy a plan that worked for someone else.
Focus on spending more time on subjects which are difficult for you and less on the ones that are easy. If you plan well, your chances of success go much higher and who knows, you might even crack the exam in your first attempt!
You can watch a few demo lectures by SuperProfs for CA Final and see if you would want to consider subscribing to our video series for a better shot at clearing the CA Final examination.