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Core Things to Know About the CA Final Exam

The journey to become a Chartered Accountant is a long one and the path is strewn with obstacles aplenty. If you have successfully cleared the Common Proficiency Test (CPT) and the Integrated Professional Competence Course (IPCC) then you have to give yourself a big pat on your back. CA Entrance Coaching in Kolkata is one of the best in the country. This year itself suggestion of the top coaching centres matched the 95% of the question papers. So if you have done well, a good part of the credit also goes to your coaching institute.

CA Entrance Coaching In Kolkata

But what you have to note is that the big one, that is, the final CA exam still awaits you. So you can’t be lethargic at all. You must keep on striving hard to reach the top if you want to come out of the final round with flying colours.

The exam takes place twice every year. The results of the exam that took place in the month of May is about to come out soon. The next installation of the same is scheduled to be during the first two weeks of November. There are primarily two groups of subjects on which students are evaluated. There is usually an interval of one or two days between two exam dates.

Group A consists of four subjects. They are:

  1. Financial Reporting
  2. Strategic Financial Management
  3. Advanced Auditing and Professional Ethics
  4. Corporate and Allied Laws.

Group B too has four subjects under it. They are:

  • Advanced Management Accounting
  • Information Systems Control and Audit
  • Direct Tax Laws
  • Indirect Tax Laws.

As you can see, the scope of the entire syllabus is rather vast and you have to invest a lot of energy and concentration on each of them. An analysis of this year’s question papers shows us that only textual knowledge is not enough. This means last minute cramming and temporary memorisation skills won’t work at all. Your concepts need to be crystal clear for you to answer the maximum number of questions correctly.

It may seem like a daunting task, but if you try hard enough you can easily get there!


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Three Rookie Mistakes You Shouldn’t Be Making

Whoever thinks success is about luck is clearly deluded. Anything worth achieving is nothing short of the fruit of perseverance. Becoming a CA is a great example which proves this point.

CA Preparation Classes In KolkataIt is no doubt an uphill task and the path is strewn with obstacles. The only thing that can garner results is hard work. But of course hard work does not mean that you will keep working for several hours. True hard work is when you figure out the entire mechanism and put effort in the right areas to procure results without losing too much time. CA Preparation classes in Kolkata are of very high quality and bring you closer to your goal. But in spite of that students often make some rookie mistakes that cost them in the final run.

Let us look at three rookie mistakes that you shouldn’t be making if you want to clear IPCC in the first attempt.

No fixed plan :-
The scope of the entire syllabus is huge and you will be gasping for breath at the end of the course if you don’t have a plan of action as you move forward. You need to assign separate time slots for each critical area; especially the parts whose concepts are not clear to you. If you choose to leave out something make sure you are doing it for the right reasons and they don’t affect the rest of the study session.

Skipping Mock Tests :-
CA IPPC Coaching in Kolkata is so accurate in its approach that this year over 95% that were there in the mock tests showed up on the actual question paper. If you skip mock tests, you will lose a major tool that could help you hit the bull’s eye.

Silly Execution Mistakes :-
Seemingly unimportant things like handwriting, punctuation and grammar matter a lot. If you overlook these aspects you are bound to suffer. Ideally there should be clear margins around your answer sheet and even if you’re writing fast your handwriting should be legible.