Well, I know
no student would ever like to pass CA final in a subsequent attempt, but what if a student fails in his/her 1st
attempt. As we all know results of finals usually come in single digit or
sometimes double digit. There will be students who will not clear final in
their 1 attempt, so for them, this is a
short piece of note by me, for strategizing their study in 3 months and gain a
positive result.
1) Dealing with the failure: The day when you see your results is the
toughest thing to digest if you have failed. Many people including relatives,
friends will ask you your result on result day and on subsequent days making it
more difficult to digest. It will be a tough phase but go through it accept
that and never run from such people. In fact,
talking to such people will give you motivation that next time they ask me,
I’ll surely give them a positive reply.
The second thing is
many people will give you sympathy like “Yaar, koi nai next time pakka ho jayega”, “Yeh to ICAI ke tough result nikala, warna toh
tu pass tha”
stay away from such people. Just keep a leap of faith and pass on your articleship days and start planning what I am
going to do in the next 3 months. Always remember you have reached till here,
you don’t need someone’s sympathy or support to move ahead.
2) Next 15 days after result: Probably
if your second attempt is due, you would be in your articleship period. This is the best time to collect changes,
amendments etc. You can also take print outs from your office if you don’t have
printing facility at home. After 2-3 days you mind will be a little calm, and
at time analyse your mark sheet and check in which subjects you actually need
to work hard. Even if you got 55+ in a subject, don’t think that I have
mastered it and I can score exemption next time. Every subject needs equal
attention.
3) The 3 months’ strategy: If you have
worked very hard in your 1 attempt itself, these 3 months are not going to be
tough for you. You just have to polish yourself more. First of all, start with
the subject in which you scored less marks, so that in that phase you can allot more
days to that subject and practice more. Take one subject at a time and finish
the same in on go as it will give you a learning curve effect. Otherwise
switching between subject will disturb your flow. Trust me try this and it will help a lot in revision phase. Group 1 usually takes more time then group 2.
Complete group 1 subjects in the first month, usually it will take 28-31 days.
Group 2 will take around 22-26 days to complete depending on the speed you learn things. Once you do this, you
will gain tremendous confidence.
4) The Final month (one month before the exam): This is the most crucial
period, in this, you have to revise all
the subjects. Don’t worry if you have put a good effort in above 2 months, then
it will be an easy phase. In this, there
is no order to be followed just take random subjects and study. More focus on
important chapters and amendments/changes. For eg: the 1st day you studied 2 chapters of SFM, then next day
revised Auditing standards and so on. For ISCA subject I would like to give a
good working tip, in the final month pick an hour from your schedule and study
ISCA at that time every day. This will
help your remove fear of ISCA and continuous reading of the subject will help
you gain confidence to write the paper.
5) The MOCK Series: It is advisable to
study and opt for Mock papers. I am not telling to register for mock and give
the exam itself, but pdfs are available online. Download the question paper and
try to solve by yourself. Even if you are not able to solve, don’t worry open
the solution pdf and see the solution. This will help you to remove the exam
paper fear from your mind. Mock papers even contain a new type of questions and adjustment which may also get asked in
the exam, so they are always beneficial.
There will be 2 mock series paper, solve both of them and jot down important
adjustments, tricks traps on a separate sheet of paper, so that one day before the exam
you can see them and revise.
After all this the most important, the
exam phase:
6) The exam phase: Since you would have
already given an attempt the exam anxiousness will be less. Simply don’t panic
because this time, you’re a person with
experience. Experience will help a lot in a subsequent
attempt. I would suggest the following strategy during exam days:
Exam Day evening: Since you would have already given the exam, your mind would be tired, so at that time
don’t study difficult or lengthy chapters. Try and complete small parts or
chapters and don’t study late nights. Sleep at 10 pm and wake up early morning
around 4am or 5 am.
Next Day: The time you wake up, get ready and start studying without
wasting much time. Have tea or coffee so that you are not sleepy. Take a medium
grade chapter and complete it. Once you are in the flow, take on the big
chapters and complete it till the night. Avoid late nights. Even if something
is remaining do it the next morning. Have proper food, as people in the panic mood don’t have their food and end up
having stress and ill health in 3 or 4th paper. It is not a battle,
it is just an exam, eat well, stay healthy and give your exam. This will keep
you positive and your mind will be calm which will help you give your best in
the exam.
Exam day morning: Don’t keep lot things for this morning, mainly
focus on revising important stuff and amendments. For DT/IDT you can revise
case laws, sections etc.
Leave well before the time for exam hall, so that your reach in time
and revise few things there too. Don’t just go and keep on talking to friends
and listening to rumours. Go there, straight to the class, open your materials
and revise. Talking with friends is of no use and will unnecessarily panic you.
Remember papers are not tough, these rumours make them tough. Always have
faith, as you have done hard work you will get a positive result for sure.
7) 15 minutes of reading question paper: This is the most important time to strategize how you will write
the paper. Don’t keep on reading question deeply, just glance over all the same
and remember which type it is. In around 10-12 minutes of completing glancing, you’ll come to know which question
you know, and which to leave for option.
Always keep a pencil handy and what all things in question paper you know just
tick it. Another advice is always try to attempt compulsory question 1st,
since it is like a power play and also constitutes half of the passing marks
i.e. 20 marks It will also give a good impression in the minds of examiner, as
many students are afraid of compulsory question and under perform in the same, but the key to passing is
that question only and the question are of 5-6 marks and usually are not
lengthy as 8 marks question. Even if you don’t know or unsure about questions
still attempt the question 1 first. After that,
it’s your choice how you will opt for the question.
Opt the questions which you know the best. Try to achieve 40 marks of the paper
in 1 and a half hour of the period. Keep
pace with you writing and if you don’t
know some question don’t waste much time in that and go ahead and solve what
you know first. If you get confident in first 15 mins, the game is yours, you
will be able to manage the paper smoothly.
8) After exam: Avoid discussing the paper with your friends, quickly depart from
the centre and reach home. Don’t study immediately. Take rest, have snacks. The ideal time to start studying is 7 pm. Even
if your paper has gone okay or bad, don’t let it affect your next paper
performance. Always keep a hope that I will get 40, in next paper, I will bring 60 to cover it up. This
keeps the confidence maintained, because if you get broke in between the
papers, then it will be difficult to come out of that situation.
9) General notes: The main key for
revising is preparing short notes for every subject
which are handy in revision during exam days. Subject wise notes which are
required to be prepared as follows: -
a) Financial Reporting: List of AS
numbers with names, Formulas contained in chapters like EVA, Goodwill, and
trick or adjustment which you found out in PM/Mock series/suggested answers
etc.
b) Strategic Financial Management:
List of formulas contained in the whole subject, and trick or adjustment which
you found out in PM/Mock series/suggested answers etc.
c) Audit: List of section no of
company law, List of SA, List of ethics clauses, a list of forms such as ADT 1, ADT 2, and so on.
d) Law: List of section no of
Company laws, allied law, a list of case
laws appearing in PM answers.
e) Advanced management Accounting:
List of formulas in OR and Costing.
f) ISCA: List of head points for
every answer of all chapters.
g) Direct Tax: List of section no,
Summarize the case law in 4-5 lines of Selected Case law books. Nowadays you can get summarization of case laws in short from online authors too.
h) Indirect tax: List of section no, Summarize the case law in
4-5 lines of Selected Case law books. Nowadays
you can get summarization of case laws in
short from online authors too.
Institutes material is the BEST to study. Study from PM, RTP’s and Mock papers. Do the last attempt suggested to find your mistakes if
you have done. Always read the monthly journal given by ICAI, President’s
message and BOS Chairman’s message is very motivating.
Author’s Note: I also failed in the 1st
attempt, but didn’t lose any faith, studied harder next time and cleared in 2nd
attempt. I always wanted to write an article after passing, so I did it. I had
no support or guidance, but Failure is the best teacher. Developed techniques
and worked on my weak points and got a favorable
result. I don’t want the same happen to other students and so I wrote this
article. For individual subject queries
and detailed information, you can contact me on my email id: anishg10@gmail.com
Thank you
for reading the article, and all the very best for your attempt. I wish you
come out with flying colours.
CA, HOW TO PASS CA FINAL IN SECOND ATTEMPT, How to pass CA Final, How to prepare for CA Exams??,
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