CA or Chartered Accountancy is one of the most difficult exams in India and one has to do preparations, a great deal so as to successfully clear it. CA comprises of 4 stages i.e.
- Common Proficiency Test (CPT)
- Integrated Professional Competence Course (IPCC)
- 3 years for articleship
- CA Final
Recently the syllabus for the CA exam was changed and all are advised to go through it clearly.
CA Subject-wise tips for CPT Exam
CPT exam has 2 sections of 2 hrs each. For this exam fundamentals of accounting is considered the easiest to score. One is advised to practice aptitude 1 hr a day. Going through all the definitions and laws for the mercantile laws is important. Macroeconomics is also considered as a good option for scoring. People are advised to go through microeconomics first and the macro as it would help them to understand it better. Students are advised to have a good sleep the previous day as the exam is of 4 hrs to be held in morning and afternoon session.
CA Subject-wise tips for IPCC Exam
Here the number od subjects have been increased from 7 to 8. Info Tech and Strategic management has been replaced by Enterprise Information system and strategic management. Here law, costing and accounts are subjects which are easy to score as compared to others. Strategic Management subject is best learned through google. Mostly the problems in Financial Management are going to be moderate. For Business Laws more emphasis should be given on presentation as it is very important. Costing should be practiced every day and not to be just looked at.
CA Subject-wise tips for Final Exam
Here new subjects have been introduced like Capital Markets and Financial Services. Students can also appear for this exam during their last 6 months of articleship. During the articleship time at least 2 hrs should be devoted for studying and the rest time minimum 10 hrs is essential. Here the important papers are the ones relating to tax laws and financial reporting.
After going through all the CA Subject-wise tips students should now have a clear understanding of the importance of being acquainted with all the subjects and remaining updated.At the end what is important is the students patience, hard work, learning and dedication. Studying at least 8 hrs a day is important and one has to be consistent in their efforts. They should also download mock practice papers and practice them a month prior to exam. By doing all these they sure will be successful.