Tuesday, February 14, 2012

Are you ready to do CA ?

Article by Renu Singh
Source: CA Club India

CPT the beginning of the studies of CA. So let’s first understand it's structure:-

Accounts:50 marks.

Law:50 marks.            

Economics:50 marks.

Maths:50 marks.

Passing criteria:100 marks.

Negetive marking:25 per question.

Normally people think,its not a subjective exam so they can easily dealt with it. But opposite happens with some. And the worse thing is,it happens again and again.The real question arise is why it happen again and again.

Let’s take an example:-

accounts-7    correct -10         incorrect-12
laws-12.25  correct -16         incorrect-15
economics-(-3.25)  correct -0       incorrect-13
quantitative aptitude-(-0.25)  correct -0       incorrect-1

In  the above case, we can easily see that accounts and law are just fine.Literally not.

But  economics and maths are more than worse totally terrible.To achieve min 50%,the one should focus to get average % first.

So the gist is People don’t lose because they can’t score 50 %.But they lose because they can’t save themselves from negative marking.So what could be the real solution:-

1.If you are smart,CA fraternity is smartest.They gonna focus those points which people overlook.

2.So atleast one reading of Institute material is compulsory.

3.No matter how perfect person you are,you can still commit mistakes.I am assuming that while attempting 10 question, your mistakes are 2/10.

4.In short you can even lose marks where you are perfect. 

5.Where you are already weak, your mistake will be 6/10.Means you lost more than you gain.

6.So where you are good,make yourself perfect.But where you are weak,make your at least performance satisfactory.

Analyzing part :-

Now it’s time to analyze your mistakes. I am talking about those questions for which you need to guess about answering them. Part them into three categories:-

1.Where you think that  chances of this question to be right is 80%

2.Where you think that chances of this question to be right is 50%

3.Where you think  that chances of this question to be right below 50%

Result part:-

If yourright answer belongs to just category,then only answer those question whom you are atleast 80% sure.If your right answer consists upto category 2,then you can answer questions where you are guessing upto 50%in the required question.

If you need to guess and your inner conscience doesn’t agree with your answer and you disagree with your answer and fall in third category.Then You don’t even dare to attempt that question.

Note:-

1.This formula prevents you from negative marking.

2.You can easily check what questions you should not answer.

3.Taking test on regularly basis is necessary.

4.You have to study first of every subject to apply this rule.

Books :-

1.Study material is wide enough. It covers each and every prospect of the question.

2.Use cds and model test papers as must and do as many as you can.

3.For economics,I.C.Dhingra is best book which is really simple in reading.You might have referred the same in graduation. I did it so I can say,It gives an idea atleast.

4.Otherwise class 11 and 12 books really provide a good  backup.

5.A must solution book of maths  to practice maths.

6.Keep formulas in paper till you can’t keep them in your mind.

7.Even if you are weak in maths,you can save 20% from statistics part.Which is relatively easy.

8.You can prefer King Champion guide also,in case you don’t find I.C.Dhingra.Atleast this is available from every  Delhi university student.

9.For law undoubtedly refer P.C.Tulsian.The best book for self study.

10.In Accounts,you can also refer P.C.tulsian.

Lastly,I can say,

If I studied with the intention to be a failure and still passed,then you must remember that you are at least more dedicated than me towards your study.

Regards
Renu.

Don't care words of the world. Just focus on your aim

Story by CA Ankur
Source: CA Club India

Hi friends I want to share my story(not in pakau way)with you and I hope that this will definitely increase your confidence.

I joined CA when CPT was launched and I failed in CPT when result was 66.67%. Yah I was failed in CPT and when all my friends were passed, I failed in that and due to that I received bad comments from my relatives and my friends even some peoples advised me to leave CA because  if I could not put my name in 67% list then how I would be able to put my name in 10%.

Definitely I was thrashed and disappointed and my parents were ashamed of me due to that....then after 5-6 days my father took me to a private tutor where he requested him with joining hands that please save the career of my child.I felt really bad at that moment and after that I went to home, cried and thought that I would definitely clear the exam.

Then I worked hard and cleared the CPT exam but the journey was not over, I joined articleship, in the beginning I made lot of mistakes in work and for that my principal kept scolding me and then I thought how I would perform such work  but somehow I managed.

Now then PCC exam came and in the 1st attempt I failed in both groups and again I received the same compliments as I had received at the time of CPT but again I didn't lose hope and I took the people who criticized me as my well wishers because they underestimated me and that indirectly motivated me, after that I cleared PCC exam by clearing single group wise.

Now it was the turn of Final exam and due to circumstances I was unable to take coaching of final examinations and most of my friends told me that I could not pass exam without coaching.Then I bought books of good authors and decided to self study for each subject and after full preparation I appeared for November 2011 exams.

Thanks to god, my parents, well wishers and my criticisers (People who criticized me how can I forget them) I cleared my CA Final both groups in Nov 2011.And after getting this news my criticizers were fully amazed,depressed and said that 'we tell you from the beginning this boy will become CA'. What an amazing world.

Anyways friends please don't demotivate from people who criticize you and take their words to boost your confidence.

I wish you would like this article and it motivates you.

According to me everybody is good and there is no person who is under or above the another and definitely if u work hard with honesty you will succeed.

Monday, January 2, 2012

Syllabus applicable for may 2012 exams-icai new annoucement

Dear All
ICAI has at last announced the  Syllabus Applicable for May 2012 Exams for PCC, IPCC and Final Students. Relevant notification which contains subject wise applicability of syllabus for May 2012 exams is attached herewith for your reference. For latest study materials, refer icai website to download. Taxation subject material is updated recently. IndAS is not applicable for May 2012 exams for all levels of CA. Hope it helps you.

Download : http://adfoc.us/6882781487

Saturday, September 24, 2011

How to face CA examinations?

ICAI has released a manual on how to prepare for CA Exams- IPCC & Final
Tips are given for each & every subject seperately. It's very useful . Follow the link on ICAI website -
 
Download : CLICK HERE 

 

Monday, September 19, 2011

Study plan for IPCC May 2012

Here I'm sharing an article given by Chandrakant Ambani


TO ALL CPT CLEARED STUDENTS GOING FOR IPCC IN MAY 2012

Some Thing What I Tell my Class Room Students I thought of Sharing on this Portal for all.
First remove the thought of Only one group, Go for Both groups.

One Month available Enjoy your life & Time available.
Then prepare a further Time table for 600 - 700 hours of devoted studies to be completed by 31st january 2012. 
(Starting 01.09.2011 You have 153 days upto 31.01.2012,Remove 13 days for you self,festivals etc No studies, Left 140 Days X 5 Hrs p/day = 700 ) 

Later February 2012one round of revision from Past 10 attempt papers, March 2012.
Repeat same thing of Feb 2012 again, April Fast Track Revision upto 10th April 11th - 20th April 2012 Paper solving in written form atleast 2 papers per day.

10 days  its 20 papers & 7 subjects so it makes about 3 papers per subject creat exam conditions & be honest to yourself while writing the papers. 

Stop writing after 3 hours & see what & how much you have done. Later 21st April onwards till exam day plan your time table for final revision & shortfalls you have realised & found in your studies while writing your own Mock  papers. Follow this & I can guarantee your success & that too with flying colours
Check the Planning & you have completed 3 rounds of Revision Both Groups & that too 15 days before the exams. Now you yourself decide How can you  not pass easily. but condition stick to the schedule

Friday, September 16, 2011

WHAT ARE THE ESSENTIAL NEEDS FOR CA STUDENTS?

 Here is the article which I came across, just sharing with you..

1. Good Revising skills: Easily you can revise subjects if you take
notes.

2. Good memorizing: Note the definitions and sections which
should be memorized accurately

3. Good Handwriting: Just conduct weekly test to make your
handwriting better and manage time in Examinations

4. Good Communication Skills: Make your fluent English
knowledge to speak with others.

5. Good Computer Skills: Know various knowledge for using
computer fast like shortcut keys, Using A lot of soft wares,
speed type writing etc.,

6. Time-Management Skills: Use time accurately without
wasting. So manage your day-to-day timetable or Weekly
timetable

7. Good Behavior with others: Just have an idea while speaking
with others what to speak and how to speak. Because we are
trying to become a good professionals. So don’t behave
Childish.

8. General Knowledge: Know about general matters about
banking, insurance, share market, Online trading, inflation,
foreign exchange and etc.

9. Latest updates: Daily update what happens around the world.

10. Always Be interested with studies: Don’t leave your
confidence about CA Course, Always Be interested with your
Studies.

Monday, September 12, 2011

Ratio Analysis - Financial Management - IPCC

Here is the whole package for Ratio Analysis - Financial Management - IPCC.
It contains 1 word file, 1 excel file and 2 power point presentations.

Download link: http://bit.ly/oZsB6N

Download courtesy: CaClubIndia

Financial Management Theory Notes - IPCC

Here are the Financial management theory notes for IPCC

Download link: http://bit.ly/mUdD55

Download courtesy: CaClubIndia

Sunday, September 11, 2011

FINAL / IPCC / PCC - AUDIT NOTES

Here are the FINAL / IPCC / PCC - Audit notes

Download link: http://bit.ly/pDz2K3

Download Courtesy: CaClubIndia

CA and Time Management - A Reality

This is the article given by Saurabh Agarwal

-----------------------------------------------------------------------------------------------------------
Generally for students the most important thing to understand is that our time management revolves around our studies. This doesn’t mean that we should leave everything apart and just keep on reading and reading.



The main problem which think is generally we don’t start until we are on fire and when we have just few months left with us, following consequences occur :-



1.      First of all we are uncertain from where to start, as everything has to be done and time is not proportionately available.



2.      Then some of us go for making a time schedule or detailed plan, but here also problem arises, syllabus length does not match with time period available.



3.      Then the best option available with us is do selective studies. We utilize our precious time to select major topics for the exam and start preparing those. In the midway, we realize that WE ARE IN CA FINAL, not in other graduate courses. A finalist itself knows about the level of exams and what consequences shall follow if we hang upon selective studies.



4.      Then the final option comes, that is CRAM UP. Not all of us can cram things up but those who can apply this option, and believing on their luck that no conceptual question would be asked, go on to exams.



5.      The result will automatically be in 2 digits and even most of those passed by cramming will either be rejected in campus placements or they would be unable to start their own practice.



6.      Then arises the requirement of other courses on opinion that more the degrees, greater the chances of placements.



Many of us give excuses like that we couldn’t have sufficient time because of Articleship and coaching.  Now we have to understand that this is not a personal problem, it is global phenomena in our field.



While at Articleship we ignore all practical work for purpose of gaining knowledge and developing skill. We take our work as our target to finish it anyhow, irrespective of any incremental gain of work exposure.



The best way to learn is apply our own knowledge on any aspect and then compare with the senior way to work. This way we can gain knowledge. Paper like DT and Audit can be understood only by doing it practically.



While at coaching we try to finish the work given and keep filing our copies in neat and clean writing on assumption that we will understand at time of exams which will never come. We never try to understand concepts there only and postpone our work to later point of time. All those accumulated work becomes so hefty that ultimately we had to cram it up.



Kabir ji ne kaha hai…

Kaal kare so aaj kar, aaj kare so ab, pal me parlay hoygi, pher karego kab.



Although in today’s world I acknowledge this fact that no one can do all his/her work at once. We always require postponing our tasks to future dates. But the matter to be understood is what and till when.



We all read so many books and articles for time management which resides in this one liner quotation. What I have learned is no book can make us punctual and make us habitual to work all our work at time. Time management arises from practice and only we alone can learn it from our experiments.



Books like time management and self motivation, etc. are good enough to make realize their importance, but their effect remains for 20-30 days only, and again we are on original platform. And there is nothing bad in it because it is our natural character to learn by experience.



We all can understand above by looking into our daily life examples. Like while solving practical questions, we understood and learn only when we try it on our own. Here some people might say that they have passed by just reading over. I am not talking about those as they itself know how much they understood and retain the concept after exams also.



While conclusion of my article I just want to say is till you are in CA final, time your work from inception. This way you will have equivalent time available for all your work and also it will never become a necessity to cram up thing.



Nothing is tough in our course; all it needs is high level of practice, time and concentration. More the practice, greater will be the quality of results. There is nothing as such which should be crammed up.



Saurabh Agarwal

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Saturday, September 3, 2011

It's not tough, it is just different

Here is the article given by Saurabh Agarwal



Bas issi umeed me jiye chale jaa rahe hai ki whatever happens is for good only, besides it there is nothing to count upon in life.


A normal quote in mind of every CA student including me. We start CA with lots of passion, and dedication, which remains till intermediate level and then it slowly and gradually diminishes to such an extent that no one is interested in finals.

There are quite lots of factors contributing to this, some of them which I felt are as follows:


1.      The Pressure

One of the biggest de-motivating factor for a CA student is pressure. An oceanic course and trendy single digit results, along with Articleship tenure and simultaneous coaching; recent amendments and uncertainty of examination pattern making it further difficult to handle things. And above all we all know about the word SCALING for which there is never ending debate. But the fact is ICAI has gone mad this attempt, they itself are not certain about what to do.

The direct effect to of such huge results (which is mainly due to their political reasons) is showing on campus placements. The day is not far when a MBA from local college would say to join with him on 1-1.5 lakh p.a.


2.     The expectations

May be not for all but those excluded are surely 3-5%. The second worst nightmare for CA students is the level of expectations. And this all because of huge name and dignity with respect which is attached to the words CHARTERED ACCOUNTANT. Ask any people, if get to know that you are pursuing or is a CA, he/she will surely show some respect to it. But these guys don’t know the level of our sufferings.

Most of the newly passed CA’s are confused whether to join MNC or work independently. Although many wants to work independently but moratorium period of 4-5 years is just unbearable. Again if any student is willing to take such risk, the family enters into scenario, who wants to have earning member too quickly.

Again, as for me also, biggest problem is faced by students having family business going on for long. Sometimes we are forced to join it, sometime we are made free, sometimes, we are informed to do self practice (till then they will fund), and sometimes they order us to go for MNC package.

No one asks what we want in reality. We want to go for self practice; they say that our daily transactional cash flow equals your yearly income. If we want to go for job, they say that who will handle this business. And sometimes they itself asks for going into professional field as big MNC will ruin business in near future.

People expect that now we are CA, we must know EVERYTHING. And the reality only we know. Client come and say save our tax, we don’t want to tax, at the same time they want to give our fees. Their argument is what work we are doing against such a fees. They don’t see the application of mind (which no one can see actually).


3.      The final decision

After all above if anyone becomes a CA, he gets into actual trouble. He/she would certainly thought about the person who said that go for this course, you only have to struggle for 4 years (till we clear). There is nothing like that after doing CA we are free. Reality while pursuing the course, we people are so moulded that nothing in this world looks more troubled. At that time we are masters of handling problems, and tragedies, etc.

Doing CA opens up so many fields in itself which one start is a never ending counting. Every one of us has thoughts to do something but at the same time had a fear that is this right one for me?



Who are We

Our tuitions are our colleges.
Our workplace is our campus
Our clients are our bunks.
Our outstation audits are our college trips.
Our boss is our raggers.
We live in isolation and simulated world designed especially for man machine in the field of finance.



Saurabh Agarwal

Emotions of CA - Not in Any Act....

Here is the poem which I came across while surfing, it is shared by Hitesh Batra.


c.a. not kind of a easy food,

its kind of a sharp knife,


the begining of c.a. in our life,


its just a start being long way to survive




in c.a. we just have to concentrate


whether we love whether we hate


there is no hope there is no faith


we just keep on track no back just straight




its a river


its kind of a wall


we just keep jump over them


without a fall,




those fell


there life kind of a hell


those who clear


everytime they got a new fear




fear of preparation


fear of affectionation


fear of other n us,


fear of loosing focus,




people who near of us,


they keep motivate us,


there is no hope for luck,


its like a hell where we _uck,


not even know who got our paper of exams,


in which mood he/she is while checking answer sheet of our exams,




why we embarres, why we regret,


why we b like a animal,why we dancing like a pet,


its not like a horse races where we can bet,


its like a achivement to which we have to met,




moral of the story


moral of the lecture,


we are animals of seprate catagory,


c.a. is like a adventure,

gunman is unknown,

institute is our jungle,


we just live a part


without a fumble,




its a huge struggle to live in our cource,


people keep ask "can u paas in c.a. cource"


we have no answer this kind of a questions


we knows only,at that time how we control our emotions,




plz dont ask,


plz dont say,


let us struggle


its a long way.,


its a long way.,


its a long way.,


its a long way.,....




c.a. students are just like a gold,more they melt in hot temprature they'l come with a purity...


purity of experience,


purity of courage,


purity of intellectual,


purity of coverage...




cheers for our strugglefull live,


where we just have to survive........

Friday, September 2, 2011

Super Summary of Taxation with enhanced format and with amendment relevent to IPCC - November 2011 examination by Bhavin Pathak

Here is the Super Summary of Taxation with enhanced format and with amendment relevent to November 2011 examination by Bhavin Pathak.

Download link: http://www.caclubindia.com/forum/files_download.asp?msg_id=819866

Download courtesy: CaClubIndia