CA Final Exam Preparation

Dec 19, 2015 Hemant Jain Leave a comment

CA FINAL EXAM PREPARATION

CA Final exams are the most important exams for a student if CA. As it is the ultimate last stage after which a student gets a professional degree of CA. Cracking CA is not an easy task as lots of effort is needed, while preparing for CA Final Exam Preparation.

On registering for the CA Final level, after clearing the CA IPCC level, study material is provided by the institute to the students. It is not necessary to read new books but it is necessary to read one book completely with concentration. There is no use of cramming the syllabus, rather it needs to understand the basic concepts about the topic and then try to put firstly your own logic to solve and then take the help of the book. The important point for cracking CA Final exams is to manage your time well, it needs to study regular.

For a CA student it is necessary to make a schedule and then work according to it.

Mock Tests are of great help and students should consider subscribing for the same to make their preparation stronger.

Schedule does not mean that only study schedule but other activities should also be the part of it. Near the examination it is necessary to curtail watching TV to focus more and more on the studies. Don’t set hard standards for you but it good to set the small standards which you can achieve effectively before the deadline. For the tougher subjects an extra time should be devoted. As you study according to your schedule it is good to revise the syllabus after a short while on regular basis. Self study is also an important part for preparing for the Final exams as it gives you the opportunity to explore your knowledge with the help of which you come to know your positives and negatives. While preparing for the law subjects make an index on the back side of your book and write each and every section with its heading. It is also suggested to make a chart mentioning all the relevant sections and paste the chart on a wall where you sit mostly e.g. near your desktop, TV or cupboard.  It is a fact that the thing which you see more remains in your memory for a long time. Try to avoid essay type presentation in the paper and attempt the questions in simple and precise manner. Never give up attitude leads you to the way of success.

CA FINAL EXAM

The CA Final exam is very important for the students of CA. The exams are conducted in the months of May and November. There are a total of eight subjects in the CA Finals divided in two groups. It is totally up to the student’s wish to appear in either groups or both groups first. But it is necessary to pass in all the papers appeared. A minimum of 40 marks in each paper and an aggregate of 50% is required to pass in the full group.

For registering for the CA Finals examination, the application forms have to be sent to the institute. The application forms are available in the institute’s office or can be submitted online. The fees can be paid in the form of Demand Draft by post or through online mode. The schedule of the exams is declared by the institute. Once a student clears his CA Finals than fifteen day training, known as GMCS is required and then he can apply for membership of the ICAI. After getting the membership the candidate becomes a Chartered Accountant and can practice privately or can join any company as an employee.

All Students of CA Final know the importance of clearing the last & final level of the CA Exams. To clear the final level of CA exams a student needs to have an in depth knowledge of the subjects which will make his preparation for the course even stronger. To have an in depth knowledge the student may get themselves registered for Mock Tests, Coaching or Video Lectures which will help them to have a better understanding on the under mentioned Subjects of the Ca Final Course:

Financial Reporting

Strategic Financial Management

Advanced Auditing

Corporate Laws and Secretarial Practice

Advanced Management Accounting

Information System Control and Audit

Direct Tax Laws

Indirect Tax Laws

For CA candidates it is not necessary to work as a Chartered Accountant only he can work in the company’s department of Finance as a Finance Consultant or can do the Government job also he can work in some bank. The designation of CA is very important in a company. He plays a key role as he looks for the financial health of the organization.

 

JOBS FOR CA FINAL STUDENTS

For the students of CA Final, there are jobs in the field of accounting related to taxation, audit etc. The students of CA Final may easily get jobs in Chartered Accountants’ firm, Companies and in the financial institutions. At the time of doing job during CA, a student learns the professional ethics and time management. The job gives the students required experience which can be a positive point for finding a good job in some good company. CA students can find the jobs easily with the help of online job websites where different Chartered Accountants’ firms and companies post their requirements for the vacancy time to time.  The studies are also equally important. A CA Final student must not forget that his first aim is to complete his CA. So, at the time of making the opinion for doing job the student must keep in mind that his studies must not be compromised for the sake of doing job. A proper attention must be given to the studies as well.

ICAI EXAMS

ICAI is the Institute of Chartered Accountants of India. It is a statutory body established under the Chartered Accountants Act, 1949 for regulating the profession of the chartered Accountants. ICAI is now recognized all over the world and is the world’s second largest accounting body. ICAI is the premier institute of India for its contribution in the field of Accounting. ICAI is the only institute in India providing education to the students for doing CA. All the exams of CA from entrance to Finals are conducted by CA institute. The exams are conducted twice a year. The exams of CA entrance level is of objective type and of the remaining two levels are of subjective type. The exams conducted by the ICAI are complex in nature, therefore, it requires a lot of efforts to crack the exams.

The performance in ICAI Exams can be improved by students to a great extent by subscribing for Mock Test Series offered by EDUEX. These Mock Tests are evaluated to help the students understand their mistakes and how they can improve them.

These exams are made tough to make the students ready to face the actual pressure in the practical life. The questions are designed in a pattern to check the reasoning skills of the students. The level of difficulty increases with the levels in CA. At the first and entrance level a basic knowledge about the fields relating to accounting are checked. At the second level of CA IPCC practical as well theoretical knowledge of the students relating to accounting and auditing are tested. And at the final level the reasoning skills about implementing the knowledge in the practical life is determined. So the exams are designed aptly according to the studies of the professional level.

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