MOST IMPORTANT 55 QUESTIONS FOR CA IPCC AUDIT NOV 17 EXAMS

MOST IMPORTANT 55 QUESTIONS FOR CA IPCC AUDIT NOV 17 EXAMS

MOST IMPORTANT 55 QUESTIONS FOR CA IPCC AUDIT NOV 17 EXAMS

We are pleased to share with you Most Important 55 Questions for CA IPCC AUDIT NOV 17 Exams. This questions are compiled by me. pls go through these questions and it is recomended not to leave atleast from these and Practice manual is always recommended

Most Important 55 Questions for CA IPCC AUDIT NOV 17 Exams

1) Advantages of Independent Examination. 
2) What are the Basic Principles for governing an audit of financial statement? 
3) Discuss Inherent Limitation of audit. 
4) Mention the areas where different accounting policies may be encountered and how that would be disclosed. 
5) What are the factors to determine sufficient and appropriate audit evidences? 
6) Discuss reliability of audit evidences. 
7) What are the methods / techniques to obtain audit evidences? 
8) Discuss test of control and substantive audit procedures. 
9) Explain the process of external confirmation. Give some examples where external confirmation can be used as audit evidences. 
10) Short note on Analytical Review Procedures. 
11) What are the principal contents of engagement letter? 
12) What are the factors to be considered in the development of overall plan? 
13) What are the advantages of audit planning? 
14) Short Note: Knowledge of Client Business. 
15) Advantages and Disadvantages of Audit Programme. 
16) Short Note: Content of Audit Note Book. 
17) What are the additional numbers of purposes serve by audit documentation? 
18) Discuss classification of working paper. 
19) Short Note: Audit Working Paper. 
20) Discuss specific documentation requirement. 
21) What are the transactions not suitable for test checking? 
22) Define Sampling Risk. 
23) Short Note: advantages of Statistical Sampling 
24) Short Note: Random Sampling. 
25) Discuss Surprise Check 
26) Short Note: Examination in Depth 
27) Discuss inherent limitation of internal control 
28) Short Note: Check List, Questionnaire, Flow Chart 
29) Short Note: Letter of Weakness 
30) Internal audit requirement as per the Companies Act, 2013. 
31) What consideration should be made in framing a system of internal check? 
32) Short Note: Audit Trail 
33) Internal control in CIS Environment 
34) Why auditor required having knowledge of CIS in an audit of financial statement in CIS Environment? 
35) Vouching : Bad Debt Recovered, Sale of Scrap, Discounted bill dishonored, Sale of investment, Custom Duties, Excise Duties, Remuneration paid to directors, Preliminary Expenses, Research & Development Expenses, Advertisement Expenses, Transaction with Related parties. 
36) Short Note: Cut Off Procedure 
37) Restriction on Power of Board. (Section 180 of the Companies Act, 2013) 
38) Verification: Land & Building, Investment, Cash at Bank, Loan & Borrowing, Contingent Liabilities, Inventory, Debtor, Stock lying with third party. 
39) Disqualification of Auditor. Section 141 (3) (d) (e) (f) (g) (h) (i). 
40) What are the prohibited services for the statutory auditor of a Company? (Section 144)
41) Discuss rotation requirement of auditor in case of audit of financial statement of a company. [Section 139(2)] 
42) Discuss appointment of first auditor of a company 
43) What are the reporting responsibilities of auditor in relation to fraud in an audit of financial statement? [SA 240, Section 143 (12)] 
44) Discuss removal & resignation of auditor. (Section 140). 
45) Discuss duties of auditor in relation to section 143 (1) (3). 
46) Discuss purchase of own securities and prohibition in relation there to. [Section 68, 69, 70] 
47) Discuss redemption of preference shares. 
48) Short Note: Director’s Responsibility Statement. 
49) Discuss Redemption of Share Capital 
50) Verify Payment of Dividend. 
51) Verify issue of Debenture. 
52) Discuss Rule in relation to books of accounts in electronic form. 
53) Special Audit of Hotel, Cinema, Local Bodies, Club, Hospital 
54) Audit of Public Expenditure 
55) Power of CAG in relation to audit of financial statement of a company.

All the Very Best.

Compiled by CA GROUPS

Examination Tips By Chairman, Board of Studies ICAI

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As of now, you should be in full swing in your preparation for the May examinations. You need to prepare for the examinations with full seriousness and earnestness to achieve success. Our examination is generally perceived to be difficult. I do agree that, CA examination is not easy, but do not make it difficult without adequate preparation.

This is not only the case with the examination, but is true with all significant issues in life. Set your goals, plan, work hard and conquer. Success has no reservations, it is for those who dream of it and work for it. There is no substitute for hard work. In the words of Mahatma Gandhi “The future depends on what we do in the present”.

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PLANNING IS THE CORNER STONE FOR SUCCESS

A good plan implies a good beginning. A goal without a plan is just a wish. Translate your wish into an actionable plan to succeed. There is no mantra for success devoid of smart work. It is imperative to plan your studies focusing on your examination. You are required to ensure systematic study to qualify the so called difficult examination. Planning should cover your timing, hours of study, topics to be covered, strategy for retrieval and finally how to make an impressive presentation in your answer book. I’m reminded of the words of Benjamin Franklin “If you fail to plan, you are planning to fail”. Instead you should plan to win. It is better late than never.

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STRATEGIC STUDIES

Strategy for your studies is equally important considering the voluminous syllabus. Your approach to study can make a difference. One should be conscious of the following three things;

(I) WHAT TO STUDY

The syllabus and weightage of marks, trend in past question papers and study material will give an overall idea about what to study.

(II) HOW TO STUDY

It is advisable to allocate your available time into  3 buckets, first revision covering 50% of your study time, second revision should target in 30% of the time and the third and final covering the balance 20% time.

During your 1st revision, you should complete the reading of your study material cover to cover. While doing so, please do highlight the important contents of each chapter. When youtake a non-theory paper, you should carefully understand the concepts and based on that solve all illustrations. During your 2nd revision you should be able to prepare your study notes out of the segregated contents. One should complete all problems in the practice manual without referring the solution, in the case of subjects other than theory. Please identify only those problems where you got stuck for your final revision. Don’t waste your time on a problem which you could solve at the first instance. The final round should help you to reproduce your understanding on any topic you have been examined.

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STUDY FROM STUDY MATERIAL

The cardinal principle for success in CA exam is to study from study material and is imperative. That is why the Institute provides you with quality material. Don’t get carried away with private coaching notes which necessarily need not cover the whole of the study material.

I was a member of the examination committee for two years and I can assure all of my friends in the students’ fraternity that you will not find a question for which the answer is not covered in your study material. You may study beyond study material for a wider understanding.

Unless you practice intensely you may not gain the required speed and expertise to face the examination confidently especially in the case of non-theory papers. The Board of Studies gives you exclusive practice manual for all subjects. If you are able to solve all problems in the practice manual and past 10 years question papers, without the aid of answer key, your success in exam is certain.

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BOARD OF STUDIES INITIATIVES FOR STUDENTS

BOS cloud campus at the ICAI website is a reservoir of information whether it be study material, practice manual, revision test papers, suggested answers, audio- video lectures, analysis of the comments of the examiners on the past exams so on and so forth, the online e-resources are innumerable. You can log in with your student registration number (WRO/ SRO etc.). Please don’t miss it. This Learning Management System has a comprehensive coverage and also exercises and instant evaluation. Subject wise CDs are also available  for those who do not have online access, for a nominal fee per subject.

Before the crucial test, undergo few exams at your home. Set your questions, answer it under exam conditions, do a selfevaluation and find out where you stand. One of the major deficiencies among today’s students is that, they lack writing skills and even the patience for sitting through under exam conditions for 3 hours. Command over English language is lacking. You may be aware that, the Board of Studies regularly organises mock test before the examinations, at almost every branch of the Institute. It is a matter of great concern that only a handful of students utilise this facility to assess them of the preparedness. I strongly recommend all of you to make use of this golden opportunity.

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III HOW TO WRITE THE EXAMINATION

ART OF WRITING EXAMINATION

It is of paramount importance how you write the examination or how you present your answers. Always keep in mind, what you are expected to study in 18 months is going to be examined in 3 hours and will be evaluated in less than an hour.

“I would advise you to read the questions carefully, understand the requirements of the questions and the issues involved before answering. You should answer to the question with clarity and what is relevant rather than what you presume.

As in the case of first impression is the best impression, your first answer should be the best answer. Don’t be under the false impression that one need to stick to the serial order of the question paper, but don’t forget to indicate the serial number legibly. Your introduction and conclusion to any answer should contain the crux of the question in an impressive and effective manner. Every point can start with a paragraph and may even highlight if you want to draw the specific attention of the examiner.

Refer relevant case laws, legal provisions of the concerned legislations and Accounting/ Auditing Standards provided you are sure of. Don’t forget to give working notes wherever necessary instead of venturing out to direct answer.

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FACE THE EXAM WITH CALM

Be at the exam venue at least 15 minutes before the start. Only a calm mind can comprehend, recapitulate and reproduce. While writing exam peace of mind is paramount. Effectively utilize the pre-start 15 minutes to plan meticulously. Allocate available time to each question leaving a cushion of at least 20 minutes to face any contingency. At the end quickly review your answers, take stock of the situation and do what is best possible in the remaining time. Do not leave any question unanswered entirely unless and until you have no clue. Similarly, do not answer any question when you are blank, giving an opportunity to the examiner to assess the depth of your ignorance.

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ENJOY THE POWER OF POSITIVE THINKING

“If you think you can – you can! If you think you cannot – you cannot! and either way…you are right”- Shiv Khera. If you don’t believe in yourself who else will? Your success in exam depends on your decision and determination to succeed. Be positive and it can do wonders in all your endeavours. Your hard work combined with positive thinking will lead to success.

Till last minute of the last examination, it is all in your control. You should not leave hope even if your performance at some stage was not at your expected level. Some of the students, during the examination, fear for the worst and make more mistakes. If you possess the spirit of positive thinking, nothing can stop you from achieving your goal. With sincerity, enthusiasm, determination, dedication, consistent performance and hard work, any student can become a Chartered Accountant.

Follow the advice of Dr. APJ Abdul Kalam “To succeed in your mission, you must have single minded devotion to your goal”. I firmly believe that, if you are able to follow what is written above, you will come out in flying colours in your exams. All the very best, success is yours.

CA. BABU ABRAHAM KALLIVAYALIL

CHAIRMAN, BOARD OF STUDIES, NEW DELHI

Why Students Fail in CA IPCC and Final

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So people say they were very much prepared for the exams still they have face failure, reason of failure were also easily predictable. Yes, the students also know why they failed in but they don’t do any thing to overcome their mistakes. Today we are going to pen down some key reasons of their failure in CA Exams.

Reasons of failure in CA Exams

• No WRITING PRACTICE in the proper format so not completed full paper at the time of exam.

Useful Article to overcome above problem :- How to write theory Paper in CA CS Exams

• No Proper PLANNING and TIME MANAGEMENT during revision and Exam Days (Revision not completed even if holiday was there, the essential time wasted in sleeping/other activity).

Useful Article to overcome above problem :- CA Final  Study Plan, CA IPCC Study Plan

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• IGNORANCE OF ICAI STUDY MATERIAL, Practice Manual, RTP, suggested Answer and Wrong Selections of books/materials.

Useful Article to overcome above problem :- Best Reference Books For CA Final

Best Reference Book for CA IPCC

• Not writing ANSWERS as expected by Institute.

• Less to importance given theory potion of practical papers.
• No full course coverage
• Not giving MOCK tests.

• Tensions, Panic, Depressions, frustrations, Negativity etc.

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How to overcome  failure in CA Exams

1. Avoid your Laziness.
2. Find out your strength and weakness
3. Do not choose subjective and selected topic.
4. Analysis failure i.e. marks you got with paper.
5. Do or die for passing.
6. Systematic and strike Time management
7. Practice more & more.
8. Give more and more test paper and analysis the same.
9. Always Be positive.

Hope this will help you to get success in CA Exams, keep visiting cagroups4all.blogspot.com for more study tips and updates 

How to prepare CA IPCC & Final in 50 days

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So lot of people ask me how to clear CA Exams in 2 months and I am writing this article to give some sort of Planning and scheduling to Pass there exams, In my recent seminar in Delhi on 14^th February, I focused on the same thing, i.e to How to prepare CA IPCC & Final in 50 days. and students appreciated that part.

So we have 50 days to prepare CA IPCC now, If you want to clear the Exams confidently then you have to revise at least 2 Times in these 50 Days.

So 50 days are quite less if think psychologically, but at the same time these 50 days are quite enough if you plan it Wisely.

Now what you have to do is just divide a day into 3 session, so now you have 50 * 3 = 150 sessions.

Now if you take Group 1 only you have 150/4 = 37 session for 1 subject. 37 SESSION for two revision is quite enough. And yes you can make 1 session of 3 or 4 hours as per your capability

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Now what you have is 37 sessions for 1 subject. Let’s  go deeper now :

Subject	Revision 1	Revision 2
Paper 1	24	13
Paper 2	24	13
Paper 3	24	13
Paper 4	24	13
Total	96	52

So we have utilized 96+52 = 148 session = 50 days to revise our syllabus

Revision 1 : 24 session for each subject

Take 2 subjects at one time in your first revision so you have now 48 session and that is 18 days to cover two subject.

Plan it like this : Take 1 theory and 1 Practice subject to make best possible out come

	Day 1	Day 2	Day 3	Day 4	Day 5	Day 6	Day 7	Day 8	Day 9	Day 10	Day 11
Session 1	Theory	Practical	Theory	Practical	Theory	Revise what you have done in 5 days	Practical	Theory	Practical	Theory	Revise what you have done in 7-10 days
Session 2	Theory	Practical	Theory	Practical	Theory		Practical	Theory	Practical	Theory
Session 3	Practical	Theory	Practical	Theory	Practical		Theory	Practical	Theory	Practical

and so on this will help you to revise one more time inside your revision In this way you will able to complete 1 revision easily for all 4 exams in just 32 days .

Revision 2 : 13 session for each Subject

In this duration pick 1 subject at once n make sure you will complete whole syllabus in 4 days (12 SESSION) . Now the 1 session is left with you is to judge yourself in exam like conditions. Make exam like conditions and attempt a mock test paper without seeing answers in this way you will able yo completely examine yourself, where you stand actually.

In this way you will complete 2 revisions in 50 days, trust me if you are able to complete this than no one can stop you from passing your exams. Hope you all will follow this. If you have any queries or suggestions just comment below. Or you can connect with me on facebook as well

HOW TO ANSWER THEORY QUESTIONS IN CA EXAMS ?

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Dear friends all of us has to face theory papers at every stage of CA Exams except for multiple choice question during common proficiency test . It was generally seen that more than 80 % of CA students feel uncomfortable in writing answer sheet during theory papers such as information technology & strategic management at CA IPCC level and Information system control Audit at CA Final Level. Although Audit & Assurance and Law paper comes under the category of theory papers to some extent. So I am gonna tell you the methods of writing answers for this type of papers and how to get more marks by writing less in exams.

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HOW TO ANSWER THEORY QUESTIONS IN CA EXAMS ?

FIRST STEP

Read the question atleast 2 times before thinking or writing its answer. This activity will help you answering more correct and to the point answer for the question asked by the examiner.

Determine what kind of question has been asked by the examiner. Whether its answer is in “YES” or “NO” or examiner is asking just definition or direct answer just like B.Com exams.

SECOND STEP

If you have already determined the type of question as prescribed in step one now the time has come to write the answer. If question requires answer in yes or no .i.e question asked that whether particular act done by anyone is allowed or not etc. then you have to write the very first word of your answer as YES or NO in large font.

Proper care should be given to the point that write YES or No only when you are 100% sure about the answer. If you are sure then by just writing YES or NO as very first word of your answer you will get 30 % of the marks of your question.

THIRD STEP

Facts of the case: – In the second step you had already answered the question as YES or NO. Now the turn come of giving answer in detail.

At this step you have to write the facts of the case as written in the question. This is the simplest step of the question as you don’t need to run your mind to find anything. Everything is available for you in question paper free of efforts. For candidates who are not 100% sure about the answer this was your first step for writing answer.

FOURTH & FINAL STEP

This step is going to end your answer. In this step you have to give your opinion about the answer.

If you are 100% sure about the answer then clearly write that in my opinion …….(this was my answer) but if you not confident regarding the answer then you have to play game with the examiner. You have to write in such a way that examiner will know that even if your answer is wrong but atleast you have some sort of knowledge regarding the concept of the question.

So if you don’t know the answer then write the full concept/section regarding the question and at the end of your paragraph write that according to above mentioned law/concept this is the answer.

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Some other general tips for writing answer in exams

FIRST – Always try to write in points rather than writing newspaper type answers in exams.
SECOND – Be specific. Don’t try to extend the length of your answer. In any case your answer should not reach to second page of the answer sheet.
THIRD – Always start answering question on new page. Each answer of the question paper should be on new page.
FOURTH – Try GEL PEN instead of using Ball Pen .
FIFTH – Don’t try to make fool of examiner. If you don’t have even 1% of knowledge regarding the answer then skip that question instead of writing wrong answer. If you writing purposely wrong answer only to fill sheets then you are irritating examiner and this will not help you in getting good marks.
SIXTH – Start your paper with the question on which you have 100% command. If your first three four question are right then you have more chances to get good marks even if you have not performed well in rest of the paper. First 3-4 sheets of your answer sheet should not include any cutting or page skip etc.

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All the above tips are on the basis of my personal experiences and opinion of other persons can be different from mine. If you have any feedback or query regarding this article you can write in comments section below.

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Credit: CA Priyanka Mishra

PROCRASTINATION V/S PREPARATIONS IN CA EXAMS

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Hope u guys have already started your exam preparations…. Today we are going to deal with a very serious problem faced by all of us i.e Procrastination… Many of us face this problem but most of us are unaware about it…

Procrastination in simple words is doing unnecessary things and postponing the important tasks….

For example;

a) While studying you think of taking a 5 minute facebook break and end up taking a 60 minutes so called fb break..
b) Staying up all night and studying just before exam…
c) while studying you dream that i’m going to be very rich…or life after clearing CA….tongue emoticon owning posh cars etc etc…. (lol)

If these things have ever happened to you then this article is for you to understand why this happens and how to deal with this problem…

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Lets see how wikipedia has defined the term procrastination, Procrastination is the practice of carrying out the less urgent tasks in preference to more urgent ones, or doing more pleasurable ones, and thus putting off impending tasks to a later time, sometimes to the “last minute” before deadline….
To be very clear procrastination is not a disease. It is an argument that goes on in your head. One part of your brain wants to study/ work whereas the other part wants to play angry birds/ candy crush. The former part is also known as prefrontal cortex, it is an upper part of your brain which wants to work. The later part is known as limbic system which is like a monkey in your brain taking decisions of doing unimportant tasks. It says, oh! i’ll do it later there is enough time..

Why do we procrastinate?

1) Not knowing where to start.. (kya karu law pehle padhu ya fir income tax)
2) Dreading the displeasure of doing the tasks (SM is so boring waise bhi nind aa jayegi)
3) Fear of failure (this happens when your performance is evaluated)

Tips to overcome procrastination:

1) Metacognition: Thinking about thinking. Everybody procrastinates in a different way. You should identify your thought patterns.
2) Plan goals: Be clear on what exactly you want to do.
3) Plan time: keep deadlines & allocate time for every task.
4) Break projects down into small tasks that are almost insultingly small.
5) Dont expect perfection: It takes a lot of time to be a perfectionist.
6) Plan how you are going to deal with the distractions.

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Ask yourself “do i really need a 5 minute fb break?” If you dont need it right now then continue doing your task. I hope this was helpful. ” Dont wait, the time will never be just right”.

All the best.

Study hard. Best wishes,

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Credit: Swati Jaiswal

EXCEL SHORTCUT KEYS FOR CA & CA STUDENTS

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So this time We brings to you Excel Shortcut Keys which are very useful for CAs & CA Students. As we know excel is much needed tool in this era and if you don’t know how to use excel efficiently than their will much difficult for them to perform their work. So Excel Shortcut Keys will help you all.

Also share with your friends and do comment if you need help in any formula or Excel Shortcut Keys.

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Shortcut Keys	Function
CTRL+HOME	Move to the beginning of the worksheet
CTRL+END	Move to the last cell on the worksheet, which is the cell at the intersection of the rightmost used column and the bottom-most used row (in the lower-right corner), or the cell opposite the home cell, which is typically A1
PAGE DOWN	Move down one screen
PAGE UP	Move up one screen
CTRL+PAGE DOWN	Move to the next sheet in the workbook
CTRL+PAGE UP	Move to the previous sheet in the workbook
CTRL +BACKSPACE	Scroll to display the active cell
F5	Display the Go To dialog box
SHIFT+F5	Display the Find dialog box

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KEYS FOR PREVIEWING AND PRINTING A DOCUMENT

Shortcut Keys	Function
CTRL+P or CTRL+SHIFT+F12	Display the Print dialog box

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KEYS FOR WORKING WITH WORKSHEETS , CHARTS, AND MACROS

Shortcut Keys	Function
SHIFT+F11 or ALT+SHIFT+F1	Insert a new worksheet
F11 or ALT+F1	Create a chart that uses the current range
ALT+F8	Display the Macro dialog box
ALT+F11	Display the Visual Basic Editor

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KEYS FOR ENTERING DATA ON A WORKSHEET

Shortcut Keys	Function
CTRL+ENTER	Fill the selected cell range with the current entry
F4 or CTRL+Y	Repeat the last action
CTRL+SHIFT+F3	Create names from row and column labels
CTRL+D	Fill down

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KEYS FOR WORKING IN CELLS OR THE FORMULA BAR

Shortcut Keys	Function
CTRL+SHIFT+ENTER	Enter a formula as an array formula
CTRL+K	Insert a hyperlink
ALT+= (equal sign)	Insert the AutoSum formula
CTRL+; (semicolon)	Enter the date
CTRL+SHIFT+: (colon)	Enter the time
CTRL+SHIFT +” (quotation mark)	Copy the value from the cell above the active cell into the cell or the formula bar
CTRL+` (single left quotation mark)	Alternate between displaying cell values and displaying cell formulas
CTRL +’ (apostrophe)	Copy a formula from the cell above the active cell into the cell or the formula bar
ALT+DOWN ARROW	Display the AutoComplete list

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KEYS FOR FORMATTING DATA

Shortcut Keys	Function
CTRL+1	Display the Format Cells dialog box
CTRL+SHIFT+~	Apply the General number format
CTRL+SHIFT+$	Apply the Currency format with two decimal places (negative numbers appear in parentheses)
CTRL+SHIFT+%	Apply the Percentage format with no decimal places
CTRL+SHIFT+^	Apply the Exponential number format with two decimal places
CTRL+SHIFT+#	Apply the Date format with the day, month, and year
CTRL+SHIFT+@	Apply the Time format with the hour and minute, and indicate A.M. or P.M.
CTRL+SHIFT+!	Apply the Number format with two decimal places, thousands separator, and minus sign (–) for negative values
CTRL+SHIFT+&	Apply the outline border
CTRL+SHIFT+_	Remove outline borders
CTRL+B	Apply or remove bold formatting
CTRL+I	Apply or remove italic formatting
CTRL+U	Apply or remove an underline
CTRL+5	Apply or remove strikethrough formatting
CTRL+9	Hide rows
CTRL+SHIFT+( (opening parenthesis)	Unhide rows
CTRL+0 (zero)	Hide columns
CTRL+SHIFT+) (closing parenthesis)	Unhide columns

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KEYS FOR INSERTING, DELETING, AND COPYING A SELECTION

Shortcut Keys	Function
CTRL+C	Copy the selection
CTRL+X	Cut the selection
CTRL+V	Paste the selection

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KEYS FOR SELECTING CELLS, COLUMNS, OR ROWS

Shortcut Keys	Function
CTRL+SPACEBAR	Select the entire column
SHIFT+SPACEBAR	Select the entire row
CTRL+A	Select the entire worksheet

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Hope These Excel Shortcut Keys will helpful to you

Do bookmark this page for future reference so that you can learn from this page whenever you want .

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Regards CA GROUPS

STUDY TIPS TO PASS CA EXAMS IN FIRST ATTEMPT

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This article is been written for those students who are still not cleared their exams.

“Never regrets on your failures. Try to find out your mistakes and learn your lesson. Always remember that, behind every successful man there is a lot of unsuccessful years.”

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Follow the below Helpful tips given by Us and u will definately clear ur CA Exam In first Attempt:

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1. Do not depends wholly on your teacher, make your own concept of study always remember that after passing the exams, Market demands that you should be a great thinker and an innovative person.
Remember that almost 95% of student takes tuition in recent year the said ration is about 50 to 60% in early 2000. But you will see that passing % is not improving hence take teacher as your guide who can guide you not as your master who can drive you.
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2. Starts early do not wait for last 3 months.
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3. Believe in yourself remember that nothing is impossible in the world.
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4. Make your own way of study and must be innovative.
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5. Solve previous year questions paper as much as u can.
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6. Find out best available books in the market and read them do not just depends on your coaching teacher notes.
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7. Give more stress on understanding learning rather than learning.
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8. Find out your weak subjects and strong subjects make strong to stronger to cover your aggregate and convert weak into strong.
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Hope you like our Helpful tips to pass CA Exam In first Attempt and i m sure you all will follow it.
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ALL D BEST

THE SUCCESS RECIPE FOR CA IPCC & FINAL STUDENTS – STUDY TIPS

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My dear Professional Friends, Here in this article I am going to suggest you some VERY USEFUL STUDY TIPS. These tips are very useful for CA IPCC & Final.

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It has been prepared in 4 pages . Thus I would require you to read these tips in FREE TIME & with FREE MIND . I have only compiled those tips from several sources (SIMPLY COPIED FROM ONE OF THE PROFESSIONAL ACADEMIES).

I found these Tips Effective & hence I am Sharing these tips.

THE PURPOSE OF SHARING TIPS IS NOT TO TAKE ANY CREDIT IN ANY MANNER.

Let me discuss it in an example.

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There is a race from Point A to Point B between Mr. X & Mr. Y.

A______________________________________________________________ B

Mr. X has maintained the CONSISTANT SPEED of 200 KMPH from the beginning.

While Mr. Y has maintained the CONSISTANT SPEED of 350 KMPH from the beginning.

There is sufficient fuel in both the vehicles.

The chances of accidents are NEGLIGIBLE.

What do you think WHO WILL WIN?

Mr. Y?

The Correct Answer is Mr. X.

Even though the speed maintained by Mr. Y is higher, still he lose the race.

Now the question arise in our mind How Mr. Y lost the race & how could Mr. X managed to win even if his speed was low.

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The answer is the race was from Point A to Point B.

However Mr. Y MISUNDERSTOOD that the race is from Point A to Point C.

Point C________________________________________________________Point A

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EXACTLY SAME HAPPENS TO STUDENTS SOMETIME.

We think Studying 12 or even 15 hours a day is better than studying 8 hours a day.
BELIEVE ME ! IT IS NOT LIKE THAT…..

So here are some study tips (SIMPLY COPIED FROM ONE OF THE PROFESSIONAL ACADEMIES).

I found these Tips Effective & hence I am Sharing these tips.

1. The SUCCESS RECIPE
2. Hard work & Planning;
3. Careful Planning & Analyzing your own STRENGTH & WEAKNESS; &
4. YOUR DESIRE TO SUCCEED.

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2. Myth : Clearing CA Examinations in the first attempts important to succeed in professional life.

Fact : This may be true in some cases. However even the employers understand the level & difficult nature of CA Examinations & are not rigid in their selection process.

There are many successful professionals who cleared CA examinations after MANY ATTEMPTS. Eg. CA T. N. Manoharan Sir.

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3. Time Table & Variance Analysis: Make your TIME TABLE which is PRACTICALLY POSSIBLE.

After making your Time – Table, compare output with the schedule.

If you fail to achieve it, make up for it on the following day by putting an extra hours.

Do not forget to reward yourself with a movie or small outing if you are able to avhieve more than your targets.

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4. MOST IMPORTANT: Review your Next day schedule each night before you go to sleep & Say to yourself I WILL DEFINITELY DO IT.

This will Improve your confidence & once your confidence is boost up, you will easily cross the examination.

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5. DON’T MUG UP, Understand the Basic theme of the concept.

Read & Understand the objectives (in case of AS, SA & Sections)

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6. Study 2 subjects daily: 1 theory & 1 Practical.

This combination is THE BEST.
Most students finds Practical subjects interesting, thereby combine practical subject with theory.

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7. Make your daily target in terms of the numbers of topic or pages & NOT in terms of numbers of hours per day.

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8. While planning your schedule, plan daily breaks, movie (Once in a while) & Dinner with your parents or friends.

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9. The most important: Devote your 45 – 60 Minutes every day to revise your previous day’s study.

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Regards CA GROUPS