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Chartered Accountant

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60 Views

how to do preparation for chartered accountant

mr.sudhanshu94 9th Nov, 2020
Dear Aspirant ,

1. Commitment, Hard work and Determination really work. Meaning there by, revise the course by Practice manual (PM) at least 3 times before exam day. You will really remember my words when the same question from PM will appear in the exam.

2. Patience and regular touch with studies. Daily at least 2 hours of study during your articleship can help you to overcome the pressure of whole exam night study.

3. Never ever ignore CA Institute module, Practice Manual (PM) and RTP. Otherwise; there is no need to read this answer. It is my personal experience that, without taking a single coaching class in Finals, I have cleared both groups with 3 exemptions (but it took more attempts to clear the exams due to lack of strategy). About 60-70% question are from PM. And for ISCA and Information Technology, PM + RTP is deadly combination.

4. Avoid Frustration: Many a times people get frustrated that they are not passing the exam, where as other friend after passing the exams are enjoying their life and posting photos on Facebook. Dear friends, dont be frustrated. A day will come when you pass the exam and the friends who were ignoring you will be the first person who will congrats you and will be in regular contact with you. (Personal experience)

5. Be away from all the negative factors ex: few people will tell you the story about his relative/ friend that he/ she has given their whole 10 years but cannot pass the exam. I would rather say that, their relative/ friend were in 2 successive 5 year plan. STAY AWAY FROM THEM.

6. Always learn from your failure not the failure of your colleagues. Because you have to walk yours way and not theirs.

7. Make strategies and plans. Do not work on someones else strategy. May be they have made strategy as per theirs requirement, which would not work for you.

8. Test series really works. It will actually help you to solve the paper in exam like situation of 3 hours. Try to avoid this type of situation in exam by joining few test series before exam.

9. Avoid social media like Face book and Instagram, as it going to benefit Juckerberg and not you. Avoid GF/ BF, because in 99 % cases among them, one is going to suffer.

10. Studies vs. Articleship vs. social & Personal life: I would say that, articleship is necessary for your smooth carrier. But first of all you have to pass the exam to make your carrier. So give foremost priority to your study than articleship. Your boss will make pressure on you for work but you have to manage and escape to read one extra page.

11. If you thought of doing self study, dont reveal it to the boss. Rather say him that you have to join classes or pendrive classes. Take your time and study at home. In fact if boss asks you about your stay in the city, tell them that you are far away from the office location. (Again, its personal experience)

12. At least, be in regular touch with these subjects:

IPCC: Cost accounting and financial management, Auditing and assurance, Information Technology.

Finals: SFM, Advance Auditing, AMA, ISCA

VERY IMPORTANT: Try to secure at least one exemption in each group. This will help you in passing the group. AND presentation of answer which can impress paper checker is a must requirement.

13. Practice of making Notes for theory subjects. Especially, for Audit and ISCA. Learn and frequently revise all the technical words of these 2 subjects and use them in the exam. This will at least help u in fetching 5+ extra marks.

14. Prepare mnemonics and flow diagram/ mind map to remember the content easily.

Hope this information helps you ,

Thank you .
60 Views

how to prepare chartered accountant enterence exm suggest me

priyaankasarkar Student Expert 12th Oct, 2020

To become a Chartered Accountant, you need to pass 3 stages:

CA Foundation

CA Intermediate

CA Finals

CA Foundation: While there is no particular stream in which students should have pursued their studies, it is mandate to have passed 10+2 to be eligible for CA Foundation. There is a 4 month study period that is mandatory and needs to be completed before appearing for the exams. There are 4 papers in this exam and to be qualified its important to pass in all the papers with a minimum aggregate of 40% individually and a total aggregate of 50%. 2 papers are Objective type and 2 papers are Subjective type with negative marking for 2 papers. The subjects are Principles and Practises of Accounting, Business alaw & Business Correspondence and Reporting, Business Mathematics & Logical reasoning and Statistics, Business Economics & Business Commercial and Knowledge. For example, the score should be 40/40/40/40 in every subject and 50% overall. Even if a student gets 50% or above overall but doesnt get 40% in any one subject, he/she doesn't qualify. He/She is considered failed. And in the same manner, even if he/she passes all subjects but scores less than 50% over all, again he/she is considered failed. The 4 months training period should be able to equip the students with the required knowledge on all these subjects and that's the reason why it is not necessary to have a Commerce background in  10+2. The exams are held in May and November of every year.


CA Intermediate:  This is the 2nd level of becoming a CA. There are 2 routes for this phase. One is completing CA Foundation and the other is a direct entry.  Graduates/Post graduates of Commerce/Non Commerce background can directly join CA Intermediate provided they clear their qualifying examination with the required aggregate. You need to be  registered with ICAI for CA Intermediate for both the ways. There are 8 papers in CA Intermediate that are both Subjective and Objective type. And the same pass rule applies here as well. Should score above 40 in each subject with an average aggregate of 50%. The subjects are divided into 2 groups. Group 1 has Accounting, Corporate Laws and other Laws, Cost and Management Accounting, Taxation. Group 2 has Advanced Accounting, Auditing and Assurance Enterprise Informations Systems and Strategic Management  and Financial Management and Economics for Finance. For Direct entry Commerce Graduates,  it is important to have 50% aggregate in their qualifying examination and for Non Commerce Graduates, 60% aggregate is mandatory. And then there is a mandate period of Orientation period and study period. In CA Intermediate as well, the exams are conducted in May and November of every year.


CA Final: The Chartered Accountants Final Exam has 2 groups namely Group 1 and Group 2. Group 1 has Fiancial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, Corporate and Allied Laws. Group 2 has Advanced Management Accounting, Information Systems Control and Audit, Direct Tax Laws and Indirect Tax Laws. The eligibility is that you should have passed your CA Intermediate and registered with ICAI. You should have completed the mandatory 12 months Practical Training or Articleship or should be in the 12th month of training by the time of examinations. And the pass rule applies here as well. After the succesful completion of all these levels, you are now a qualified CA.


102 Views

chartered accountant course how many years??

Sakshi Khodke 7th Oct, 2020

Hello!!

There is no defined course duration to complete CA course, however, ideally all courses of CA are completed within 5 years. The course is considered complete only after a student clears all papers of Chartered Accountancy courses.

Thankyou.

61 Views

how to study chartered accountant

Sonali Sahu Student Expert 26th Sep, 2020

Hello,

you have to find out way to make the learning process and easy and willful. All you have to know is what is the process and what are the subjects and syllabus to cover.

there are 3 stages:- Test of competence, test of professional skills, test of professional expertise.

You can get syllabus from ICAS web page.

You have to make plan to learn time management. if you can opt for digital course then that will help you to provide competitive environment.

Hope it helps!

64 Views

is it easy to become chartered accountant

Yash Dev Student Expert 30th Jun, 2020

Hello student nothing is easy you need to work hard Chartered Accountant course need your patience as the syllabus is very lengthy and time is limited. You need to appear in foundation programme after class 12 if you're willing to pursue CA course and if you're a graduate then you can directly enroll yourself in Intermediate level.


The CA course is consist of 4 levels as mentioned before -

1)foundation programme

2)Intermediate programme

3)article Ship

4)Final programme


Feel free to comment if you have any doubt

Good luck

62 Views

how can I become chartered accountant

NITIN SHARMA 7th Jul, 2020

First of all before starting your prepration prepare your mind for CA, because it needs full dedication, its not tough but hard work is must. One should be regular in his/her studies. Daily revision and practice makes easy for you to clear CA exams. I am quoting certain steps for becoming CA here:-


  1. First of all you will have to register for your entrance exam which is CPT at our indian institute for CA (ICAI). There are two attempts for this in a yera in June and another in December, select your attempt and fill the form accordingly. For June attempts forms are available from January. You can also fills the form online which saves your cost and time. You will get link at ICAI website for online filling.
  2. Then after passing out CPT regiater for your Intermediate level which is IPCC. It has two groups with 7 subjects. You can give both group individually as well as combined according to your caliber. According to me giving both group combined is better because you get set off benefits in it. Then after registration you will get your Study materials delivered at your home. You get nine months for clearing IPCC at your attempt you can also skip attempts if you want to prepare more.
  3. Then after clearing ipcc there starts your Articleship which is for 3 years. In it your get trained under a CA of your choice. During this 3 years you can start your prepration for your final level but you can give exam only after 2.5 years of articleship.
  4. Then after clearing your final level and completing certain formalities you get degree of CA and a unique membership number under which you can practice or you can go for job too.
111 Views

Is Artcleship experience of 3 years under Chartered Accountant will be considered as an experience to apply for an Australian Permanent Residency

amanlikes638 10th Jul, 2020

Greeting Aspirant,

CA articleship is not considered as work experience. I found out on an official CIC page that any work done in pursuing an education (like an articleship) will not be considered work experience.

Some schools like ISB are pretty clear about the fact that articleship experience is not counted as work experience.

Hope My Answer Helped You

Best of Luck For Your Future

287 Views

which is the best for future *CA or *CS

PARESH RATHOUR 20th May, 2020

Hello

Both CA and CS are good for your future, the thing is what you decides matters the most.

In most cases, there isn't a point to get both of these certifications. Both credentials offer different opportunities, but in most cases a CA can do everything that a CS can do. Thus, if you are going to get one certification, you are better off just becoming a chartered accountant.

Hope my answer helped you.

228 Views

Iam 24 years Chartered Accountant (Male).Can I join (OTI) to enter in Indian navy at accounts and finance department

Sohamsengupta8 7th May, 2020

Hello ,

sorry to say you but you cannot enter in Indian Navy at account and Finance Department by cdac because the the age limit is upto 23 years. but in Indian Air Force if you appear in UPSC or AFCAT examination then you can join as accounts officers. hope this will help you

121 Views

I have completed 12th in science field. I want to make my career in mathematics. Should I do bsc in Math or choose to be a chartered accountant ? I know that it is very hard to do CA after completing 12th in science field. But I like math , so which career option should I choose ? Bsc in math or CA?

pdwords Student Expert 19th Apr, 2020
Hello,

If you're interested in pursuing BSc Maths,then you can go ahead, it's a very good choice,in future you can also pursuing Master's in the relevant field and also qualify NET/SET, if you are interested in research and teaching in University level.

In caseyou're not, you can do MBA,MCA or even LLB.You can apply for government exams like UPSC, reputed banking exams like RBI Grade B Nabard Grade B,SBI and IBPS PO, or AAO in insurance companies like LIC,NIC,NIACL etc.
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