CA students read for twelve to fifteen hours per day before the examination. The learning process is stressful. The challenging subjects prepare the students for the Auditor role. The ICAI had rescheduled the CA examination due to the upcoming Lok Sabha elections. The students show a mixed response to the new dates. Students feel that the proximity between the election and ICAI examination makes it difficult for the students to vote. Some students move from their native place and study. In this case, it is difficult for the students to travel and vote. The concern is that the students write the examination in the exam centre. For some students, the exam centre and the residence are a long travel distance. If the students reach the destination late, it affects the student’s learning schedule. Despite time and travel concerns, the students are vigorous. The election voting process is the second thought for the students. At the learning age, it is obvious thought the focus is more on the studies. A blog is here to guide and motivate the students for the upcoming CA intermediate and final examinations.
ICAI correction window:
ICAI CA intermediate examinations start on the following dates: May 3, 5, 9, 11, 15, and 17. CA final examinations happen on May 22, 4, 8, 10, 14, and 16. On March 27, by 10 AM, ICAI opens the correction window for making changes through the ICAI official website. The website correction window is open from March 27 to March 29. The correction window closes by March 29 at 11:59 PM. The students wishing changes to the location, city, group and medium of examination can use this online correction window to make changes. Student’s voice shows that students find the CA exam dates and election dates closer. The rescheduled examination dates are creating concerns and pushing the students towards making changes in the Examination.
CA intermediate tips:
• The subjects in the CA intermediate new syllabus are six. The students learn about advanced accounting, corporate and other laws, taxation, cost and management accounting, auditing and ethics, and financial management and strategic management.
• In Advanced Accounting, students learn about accounting standards, company accounts and accounting for branches. Around 65 per cent of weightage is to accounting standards. The other chapters are less priority chapters.
• In corporate and other laws, the priority chapter is the Foreign Exchange Management Act, of 1999. The second priority is the general clauses Act, of 1897. The third priority is the Company Act, of 2013 and the Limited Liability Partnership Act, of 2008.
• In the taxation subject, the high priority is GST and heads of income and related provisions. The second priority is the clubbing of income, advance tax, provision for filing income tax returns and computation of total income.
• In costing, the high priority chapter is the ascertainment of cost and cost accounting system. The second priority chapters are cost control and analysis, methods of costing and an overview of cost and management accounting. The objective of cost accounting is to reduce cost and control costs.
• In auditing, the high-priority topic is an audit of items in the financial statements. The second priority is to audit evidence, documentation completion, review, audit planning, risk assessment, audit report, and audit of entities and banks. The third priority is to objectives of audit and ethics.
• In financial management, the high-priority chapter is financing decisions and the cost of capital. The other chapters are Capital Investment and Dividend Decisions, Strategic Management, Strategic Analysis: External Environment, Strategic Analysis: Internal Analysis, Strategic Choices, Strategy Implementation and Evaluation and Financial Management and Financial Analysis.
• The students should understand the syllabus weightage and question paper pattern to practice the hard topics. The following points educate a student from an examination point of view.
• Go through the weightage and prepare a study timetable before the examination.
• Attend the revision tests organised by RR Academy. This revision test educates the students about performance and speed.
• Reading time and allotting more time to hard subjects is the crucial part of CA exam preparation. Prepare a study plan with a personal focus.
• Use quality teacher notes. RR Academy offers crash courses and regular courses. The teachers prepare notes and model question papers that match the main examination. Use resources that are clear and the best.
• After completing the classes and preparing the timetable, read regularly. The purpose of the preparing timetable is to read and complete the syllabus on time. So, practice regularly and acquire auditing skills.
• Teachers’ notes and study materials provide the updated amendments. Follow the updated amendments and understand the subject.
• In the theory, subjects follow the instructions given by RR faculty members and present the paper with subjective logic. Presentation is a crucial skill in the theory papers.
• In the practical papers, conceptual clarity helps in understanding the different scenarios. Read the practical subjects with conceptual clarity and memory.
CA Final Preparation tips:
• In financial reporting, the priority topic is the accounting standards and statutory provisions of general-purpose financial statements. The other topics with a secondary focus are group accounting, financial instruments, first-time adoption and conceptual framework.
• In advanced financial management, the priority chapters are security valuation, internal risk management, and international financial management. The secondary focus is on business valuation, financial policy and corporate strategy, and mergers, acquisitions and corporate restructuring.
• In advanced auditing, assurance, and professional ethics, the priority subjects are quality control, reporting, professional ethics, group audit, internal control, reporting, and audit planning and execution.
• In Direct tax laws, the priority chapters are income tax, international taxation, and special provisions.
• In indirect tax laws, the priority chapter is the GST. The secondary focus is on Customs and FTP.
• In paper six of the CA final the subject is a multi-disciplinary case study subject. It is an open-book examination. So, the experienced faculty’s advice, revision tests and ICAI mock exams are helpful for the preparation.
Final Thoughts:
Students think about external factors as a part of examination planning. The faculties at RR Academy provide personal guidance and motivate the students to boost their self-confidence. Rather than thinking about external disturbances, it is a wise decision to go with subject-induced thinking. As a pioneer training institute, RR Academy serves the students with personal care and gives tips to clear the CA examination.
