Attempting to become a CA is one of the most important and rewarding decisions that you would be taking for yourself. The CA Intermediate is the exam you’d be taking after your graduate. With this article, we’re trying to help you clear the exam with the help of CA Intermediate study plan and exam strategy and tips.
It consists of 8 papers which are divided into two groups. The benefit of this division is that if you are unable to clear one of the exams, you have to attempt only one of the groups that included the failed paper.
CA IPCC and CA Intermediate Papers and Syllabus – Preparation
You need to understand what is going to be covered in the CA Intermediate Exam. Before you can plan your study in any way, you need to know exactly what you’ll be studying. Take a look at the topics that will be covered in the exam. Get yourself familiarized with the topics and the books that you will need to get through with the topics. Make sure you collect the books and question papers that are relevant to your studies for the exam.
- Group I
- Paper-1: Accounting (100 Marks)Group I
- Paper-2: Corporate and Other Laws (100 Marks)
- Part I: Company Law (60 Marks)
- Part II: Other Laws (40 Marks)
- Paper-3: Cost and Management Accounting (100 Marks)
- Paper-4: Taxation (100 Marks)
- Section A: Income-tax Law (60 Marks)
- Section B: Indirect Taxes (40 Marks)
- Group II
- Paper-5: Advanced Accounting (100 Marks)
- Paper-6: Auditing and Assurance (100 Marks)
- Paper-7: Enterprise Information Systems & Strategic Management (100 Marks)
- Section A: Enterprise Information Systems (50 Marks)
- Section B: Strategic Management (50 Marks)
- Paper-8: Financial Management & Economics for Finance (100 Marks)
- Section A: Financial Management (60 Marks)
- Section B: Economics for Finance (40 Marks)
You will need some help from ex-candidates who’ve cleared their exams, or from your tutors about the resources you need to refer for the topics. SuperProfs has a very comprehensive online training for the exam which you can subscribe to for your at-home reference.
CA IPCC and CA Intermediate Study Planning
Once you’ve prepared the lists of resources you’d need to refer to, and also the topics that you’d be focusing on more extensively, it’s time to begin your planning.
Depending on when you come across this article or when you begin planning for your CA Intermediate studies, your strategies have to be different.
Follow the quick steps below which can take anywhere between an hour to a couple of hours during your day. Do not worry, if you don’t get it right away. I’ve added an example to make the plan easier to understand
- Pick out the subjects that are the most difficult for you, and the subjects that you know you can cope up with pretty quickly. This is an important step, so don’t skip it
- Once you’ve differentiated the subjects, divide the number of days you have before your exam begins, into 2 parts. These 2 parts are for the “difficult” and the “easier” topics so split the days accordingly by allowing more number of days for the difficult topics
- Split the first part equally by dividing it by the number of difficult subjects and do the same for the easier topics with the second part of days.
- You’ll get the number of days you have to finish your studies
Here’s an example:
- Suppose you have 4 months left.
- Total Number of days – 4 x 30 = 120 days.
- Let’s say you figure that Group 1 is more difficult than Group 2, so you have 4 papers in each difficulty setting.
- You can allot 60% of your time for difficult papers – 120 x 0.60 = 72
- And 40% of your time for easier papers – 120 x 0.40 = 48
- Number of days per difficult subject – 72/4 = 18
- Number of days per easy subject – 48/4 = 12
If you consider the above, 4 months give you 18 days per difficult subject and 12 days per easy subject. This is the amount of time you’ll have to split between studying, revising, and solving question papers. I’m sure you can do it effectively if you know what you have to study and what you don’t.
If at any point you feel a subject might take more time, just focus on understanding the subject for the exam using exam specific books rather than the entire subject.
CA IPCC and CA Intermediate Revision Strategy 2020
Your plan has to include enough time to revise twice. It might be a time crunch for some of you by the time you read the article, but even two readings of the subject as revision are better than one. The idea is to exclude any new developments from the time you allot for your revisions.
Let’s say you take up Corporate and Other laws as a difficult subject, allot 18 days to it and spend the first 10 days understanding the subject, your job is to figure out how you can manage the remaining 8 days to solve at least a couple question papers and revise the subject twice.
I’d suggest allowing 4 days for the first revision, 2 days for a second revision, and remaining 2 days for solving question papers.
The above suggestion would work for people who are in a time crunch and want to make sure they can capture the most in the least amount of time.
Once you’re done with the two revisions, focus on solving as many relevant question papers as you can.
Once you’ve planned the days for your exams, the subjects that you’ll be studying and the number of days for first reading, memorizing, first revision, second revision, and paper solving you also need to keep a few things in mind:
Some Quick Tips For CA Intermediate Exam Preparation
- Reduce socializing. It’s part of the exam preparation and will be all worth it once you clear the exam
- Avoid using your phone for too long apart from some occasional relaxation during the day
- Take help from the right people, which include your teachers, previous exam toppers if possible, and if you prefer online coaching, then SuperProfs online training. Your friends are going to be in the same boat as you, so taking help from them is a waste of time for both of you.
- Plan well, and plan each day of your remaining time so that lack of motivation never blocks your ability to study
- Eat well and stay fit. Take 30 minutes a day to workout at home so you don’t spend time traveling somewhere. Follow a home workout routine to keep yourself active during this time.
You can watch a few demo lectures by SuperProfs and see if you would want to consider subscribing to our video series for a better shot at clearing the CA examination.