How to Prepare a Study Plan for CA Final Exams?

Congratulations on qualifying the foundation and inter level CA examination.

The most important aspect while preparing for CA Final is to have faith in yourself and acknowledge your dedication and discipline towards the challenging CA examinations.

To clear the CA Final examination, a student should prepare a proper study plan which is best suited to them and their schedule.

Factors to Select The Perfect Study Plan

Availability of Time

While preparing a study plan, it is paramount that the CA Final student first understand their own time availability. Based on the time available with the CA Final student, the student should allocate time to study.

The time allocation should be done after considering the office timings and the time taken to commute from one place to another. 

Faculties Selection

An expert faculty has the experience of catering to the needs of multiple students. An expert faculty has already taught multiple successful CA students and have guided them to qualify the challenging CA Final examinations.

With the vast experience of the expert faculties, they are able to guide the students with a study plan that can be a sure shot path towards the success of the students.

Group Based Study

The CA Final examinations are divided in two groups with three papers each. The CA Final student has the choice to appear for both the groups together in one attempt or to appear for a single group at a given time. The CA Final student should make a choice based on their own preparation. 

Mode of Classes

The CA Final classes offered by the expert faculties helps the CA students with the preparation of the subject as well as with right mentorship.

There are three modes of classes from which the CA student can make a choice: live classes, online classes, or recorded classes. Each mode offers its respective advantages and disadvantages.

The CA student should make the choice after evaluating the advantages and disadvantages of all the modes and then select the mode that suits their individual requirements.

Read Also: How Important is to Choose Best CA Final AFM Online Classes?

Points to Consider While Preparing Study Plan for CA Final Exams

Prepare Notes for Theory Subjects

While preparing the theory subjects for CA Final examinations, it is important to prepare notes from the start of the preparations.

A CA Final student can prepare notes using different color pens, using them to highlight the important topics and content. These notes will help the CA Final student to retain the content and will also help them during revision.

Practice Practical Question Daily

While preparing the practical subjects for CA Final course, it is important that the CA Final students practice the questions daily. The CA Final study plan should include a specific time to practice practical questions. 

Revise Topics At the End of The Day

Revision plays the most important role while preparing for the CA examinations. The CA Final students are advised to revise the topics studied during the day at the end of each day.

Make a Schedule for the Weekend

As a CA Final student has to undergo articleship before appearing for the CA Final examinations, it is important that the CA Final student devote maximum time to study during the weekend. A proper schedule should be made by the CA Final students, allocating time to revise the topics learned through the week and also practice as many practical questions as possible. 

Breaks Before Subject-Wise Study

The CA Final examinations are divided into two groups with three subjects each in each group. The study plan to prepare for the CA examinations should be made in a manner that proper time is allocated to each subject, for preparation and revision, and then the student should move to the next subject. 

Stay Updated to New Amendments

It is important for the CA students to keep themselves updated with respect to the changes and amendments in the respective laws.

A CA student can check these updates and amendments on the ICAI official website and make a note of all these changes. At IGP institute, our faculties guides the CA Final students and teaches them as per the updated and amended laws.

Read More: AFM Classes to Pass CA Final Exam

FAQs

How much time will I have for CA Final exams preparation after CA Inter?

As per the new scheme of education and training introduced by the ICAI, after qualifying the CA inter examination, the student has to undergo articleship for two years and then after a gap of 6 months, appear for the CA Final examinations. The CA student can choose to prepare for the CA Final examinations during the articleship tenure as well. 

How many subjects are there in CA Final Group Wise?

The CA examinations are divided into two groups. There are three subjects in each group, thus a total of six papers of 100 marks each combined in group 1 and group 2. The CA Final group wise exams are as follows:

Group 1:

Paper 1: Financial Reporting

Paper 2: Advanced Financial Management

Paper 3: Advanced Auditing, Assurance and Professional Ethics

Group 2:

Paper 4: Direct Tax Laws and International Taxation

Paper 5: Indirect Tax Laws

Paper 6: Integrated Business Solutions (Multi-disciplinary case study involving Paper 1 to 5 at the Final level along with Self- Paced online modules sets A and B and Strategic Management)

Which class mode is best for CA Final Exams preparation?

The CA Final students have the option to choose between the live classes, online classes and recorded classes. Each mode offers respective advantages and disadvantages. The CA students should choose the mode that suits them best as per their respective requirements and needs.