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Students usually have a hard time balancing out articleship along with the CA Final Exam studies. Many of you might have joined good CA Final classes in hopes of scoring great marks in your upcoming exams. But what if I told you that you are stressing out over nothing. What if preparing for CA final exams is easier than you imagined? 

Half of the panic you have is due to external influence. Many mouths will talk about difficulties, making you believe that balancing out both is difficult. You need to remember why you are doing your articleship. You are doing it to gain experience to learn things practically under the guidance of trained individuals. Have you ever thought that maybe having practical knowledge will help you cover a great amount of your portion?

Reading on, you will understand how to efficiently manage both simultaneously.

 

Managing Time

You are already well aware of the amount of time you will be spending on your articleship, so now you can plan out the time for your studies. It could be early morning, late evening after you return, or a lengthy study session during weekends. Any of them as per your convenience. But ensure that you maintain the routine and don’t skip it.

 

Peer Discussion

Finding a peer preparing for the CA Final exam will make things a lot easier for you. We learn faster when we have someone to discuss with. So not only will you be able to cover topics and learn your subjects faster, but it will also be a stressless means of doing so. After all, a friend is a great teacher to help you during exams. 

 

Video Lectures

Having pre-recorded video lectures will help you prepare better for your CA Final. You can watch them anywhere, anytime, according to your convenience. Even when you are returning back from your articleship and too tired to do anything, you can rely on these video lectures to cover a topic. Learning from expert faculties will make your learning easier and more interesting.

Many refer to Auditguru for learning CA Final Audit in depth. These students have been well satisfied with their results after learning from CA Ravi Taori Sir.

 

Relating Learnings With Subjects

While you are doing your articleship, you are learning things practically. Hence you have to learn the art of relating your practical learnings with the topics you are studying. It will make your CA Final eczema preparations easier and more effective. When you learn to like your topics with your practical work, they will stay longer in your memory.

 

Taking Preparation Leave

Taking preparatory leave for about five months is usually necessary before your CA Final Exam. During this course of time, you will have to prepare much more vigorously with a lot many sample papers, previous year papers, and mock tests. Conduct proper self-study sessions and revision before facing the exam. Make sure you give yourself proper time to completely dedicate to exam preparation.

 

Conclusion

This blog gives you an outline on how to receive your goal of preparing for your CA Final Exam while doing an articleship. But again, this can only guide you. The real action is to be taken by you. Everything is possible with your little efforts and focus.

 

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Many have a misconception that auditing is a theory subject. It is one of the most practical subjects that requires good understanding not only to pass the exam but also to apply it in real life in future. Therefore while learning this subject you will need a bit of understanding and a bit of cramming to score in CA Inter Audit like a pro.

Reading on you will get essential tips to increase your score in CA Inter Audit visibly.

Verified Study Resource

The first step should be gathering study resources you can rely upon. This involves study material from ICAI. You need to have it for reference. It will help you get clarity when it comes to the answering structure. To go more in depth you should refer to an institute’s study material which is well known for its CA Inter Audit. Auditguru is well recognized for Audit and it has sufficient resources to help you score great marks when it comes to score in CA Audit.

Understanding Syllabus

It is essential that you understand the CA Inter Audit syllabus even before you begin studying. One you get a good understanding of the syllabus you will be able to break it down according to your strengths and weaknesses.

Scheduling

Once you have broken down the syllabus you have to schedule them with deadlines. Ensure you match them to complete the syllabus on time and keep time for revisions. Through scheduling you will be able to effectively divide your time amongst the topics. Make sure you give more of your time to topics that you find difficult. Work on it until you understand it properly.

RTPs are a Must

Revision test papers are required to practice the subject efficiently. Through RTPs you can test your knowledge and come face to face with your lackings. Due to this you will know where you have to work harder. And taking up RTPs will reduce your fear of facing the exams.

Notes

Ensure you have made notes while studying. Creating notes will help you a lot during your last minute study sessions. It will give you a good glance into everything you have prepared and help you with your final revisions.

Don’t Limit Yourself to Books

With the current availability of the internet, you have access to outstanding video lectures. You can refer to video lectures that fit you best. The main motto is that you should understand the concepts.

Outlining Answers

Apart from preparation you have to focus on your actual examination as well. You have to outline your answers so that you don’t skip out the important points. Outlining your answer can help you get a great score in CA Inter Audit as it will ensure the presence of all required and important information in your answers. Underlining key points and essential keywords are also a plus.

Language, Grammar and Sentence Formation

While writing your answer you need to take care of your grammar and sentence formation. This will help the examiner to get a clear understanding of your answer to score better. If your sentence formation is weak, start practicing beforehand because if the answer isn’t clear for the examiner to understand you will end up losing your marks even though you have put in points. Referring to ICAI will help you with your answer structure that will help you score in CA Inter Audit.

Conclusion

The blog gives you essential tips that you should keep in mind to score in CA Inter Audit like a topper. Following these tips you will see visible effects in the marks. The key is that you maintain consistency and focus on your study. Applying the above tips only for a few days won’t give you the desired results.

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Hello
I am not writing this message, as a professor but as a observer. Further many things change from student to student, i am writing this message taking into consideration , average student in audit and experience of more than 10 years in teaching.
Across the year i am flooded with students asking me simple question why I didn’t clear audit or why I scored less in audit?

  1. Self Study

There is no substitute to self study, you are sole performer in exams, there is no support of anyone when you write paper. So you need to understand, you need to remember you need to write. you need master subject. Quantum can change depending on grasping power, memory power and ability to concentrate for long number of hours.

2. Volume
Audit is voluminous subject 22 chapters, out of which one chapter includes 45 standards , Module & Notes are generally between 800-1000 pages + around 591 questions in PM (Old Course , As all chapters of new course module & pm are not released)

3.Tricky
It includes variety it includes different types of entities right from General Insurance / Stock Exchange / Mutual Fund / Co-Operative / Bank Audit etc . Different types of Assignments Tax Audit / PSU Audits etc
SAs offer altogether different world of auditing.
Now Articleship offers limited exposure in 1 or 2 areas, and way we do auditing is different from SAs. This makes subject challenging to understand.

4.Results
As per estimates if 100 people fail in group 1 ,60-70% because of audit. I have seen group leaders doing audit of listed companies scoring 28 and giving multiple exams to clear audit subject.

5.Different from Practical & Law
Theory subjects like Audit (800-1000 pg) & ISCA (300 – 400 pg) are challenging because it is 50% understanding and 50% retention. In practical it is 80% understanding 20% retention. Further practical and law are good as we can compare and differentiate different methods and sections. In audit & isca there are plenty of factors for each step of point, and points look similar to other topics. So it becomes big challenge to differentiate / retain and reproduce. IPCC Grp2 results were low, one of the reason was 2 deadly subjects of audit and ITSM in one group and also Articleship pressure.
Only overall / raw understanding of topic is not going to fetch marks, understanding each factor and retaining it and reproducing it is important thing.

6.Student perception & approach
They allocate one week to 20 days for the subject and some may allocate 40 days also. So that goes to 800/40 = 20 pages. Reading / Understanding / Research Behind Topic / Hunting Examples / Thinking about retention techniques and doing writing practice. That too few hours in hand many times because of Articleship

7.Is doing classes a bad thing?
I was a rankholder I went for all subject classes and I guess same is the case with many other rankholders and CAs. In this world, where we have less time we need apt guidance to make ourselves efficient & effective. We go to gym, we go for trainer so that in less time we get our body healthy. Further how much it costs to for class 5000-8000, if there is financial problem, people may help you out. What you gain is knowledge , techniques which saves your time, gives more time for overall studies and increases your probability of clearing exams drastically.

Solution
Go for proper class / lecture 120 – 150 hours. Do regular self study for 80- 100 hours. Use all examples . charts , techniques provided . do revision / writing practice you are prepared for exams. Never ever do preparations in haste, it will cost you few attempts,  because once you prepare it defines your understanding , depth attitude and approach towards subject. Then its very difficult to change it unless you give loads of time.
Lectures + Notes + PM + RTP should be the Study Plan

Conclusion
You need to assess yourself, scores of ipcc audit cannot be base, I meet n number of students who scored exemption in ipcc audit and now struggling to clear ca final audit for 3-4 exams. You can assesses whether you can clear it with self study.
Read SA 300 series / 400 Series / EDP / General Insurance and write down then attempt questions from PM it will be good taste.
Our books are designed in such a way that they are effective along with live lectures or videos, because we follow notes extensively as we teach.

Please be open to share your thoughts, will take it in consideration

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