Rank: 5, Batch: May 2016
Place: Mumbai, Maharashtra
I decided to pursue CA as I have always had knack for numbers, with Maths and Accounts being my favourite subjects. Also taking up challenges gives me a kick and there is no better course than CA as it is one of the toughest courses.
My first reaction
I was very overwhelmed when I saw my result. I remember crying for almost half an hour hugging my parents who were equally happy. It was really surreal and unbelievable, and I felt relieved that finally I had done it! It is not always that you achieve such things in life, but when you do the feeling is just amazing.
I would like to give the credit of my success to my parents and brother. They have been my driving force. Their constant encouragements, trust, support and guidance has helped me become what I am today. They have always made sacrifices to help me achieve my dreams. Also I would like to thank my professors, friends and family for the undying support and good wishes.
I did my articleship, in statutory audit, from KPMG, Mumbai. It was a good decision for me to do my articleship from a Big 4 as we get a very good exposure which helps us in our studies. Also we learn how to handle pressure and deadlines along with managing time and priorities better.
I started preparing for my CA final exams from 1 December 2015, the very first day of the 5 months study leave. It is necessary to start early so that we don’t feel a lot of pressure in the last few months. I used to study for 10-12 hours on an average.
Joining a good coaching institute may be helpful, especially in case of doubts and for a strong base. But in the end what really matters is self study!
A. Study schedule
What is of utmost importance while preparing for CA final exams is to make a proper time table in black and white. It is necessary to plan your schedule well so that you cover up everything and have enough time for revision. I used to study 2 subjects a day– practical and theory. This would keep my efficiency high so that I could study diligently and complete my syllabus without the need to study for 14-15 hours.
B. Strong and Weak subjects (How did I prepared them?)
My strong subjects have always been practical and it would require more efforts when it came to theory. That is why I used to do subject a day so that one heavy subject would compliment a lighter one. Subjects such as ISCA should be done on a regular basis, so as to boost your confidence.
Books and e-sources
- Financial Reporting – Kapasi commerce classes books + PM
- SFM – Kapasi commerce classes books + PM
- Audit – Aseem Trivedi for SAs and V.K Agarwal/Surbhi Bansal + PM
- Law – Munish Bhandari (main book) + PM
- Costing – Kapasi commerce classes books + PM
- ISCA – Jignesh Chheda
- DT – Nihit Jhaveri + PM
- IDT – Prof. Vaidya’s book + PM
I did not attend the mock tests held by ICAI, but I did write one set of the mock test papers at home. I feel it is necessary to write at least one paper for each subject as it gives you an idea about the answers expected and the time you take to complete the paper. It is necessary to complete your papers in 3 hours and so practicing at least one paper helps to manage time in the exam.
Rank and preparation
I always wished to secure a rank in CA Final and then as they say “Sometimes things become possible if we want them bad enough.” Though I didn’t want to pressurize myself, I definitely planned my studies very well and gave in more than 100%, so that I wouldn’t feel that I didn’t do my best. I think that hard work never goes waste and it surely didn’t in my case.
To keep study momentum going is very difficult as there always will be a phase wherein you feel like it is all going out of your hands. But thankfully I had my parents who stood by me, like a wall, shielding away all negative thoughts. It was their encouragement and support from my loved ones that kept me going.
I have done audit for my three years as an article and so now I want to experiment and do something new. I plan to enter the corporate world and know what it has in store for me. I want to make my place, through hard work and dedication, in this competitive world.
I am updating myself with the latest amendments such as GST, Finance Budget, IndAS and other amendments. Also I am just brushing up my knowledge and learning from articleship period.
Advice to fellow students
I would just want to say that this course is not going to be smooth ride but a big roller-coaster which you can get through only if you really want to. It is very necessary to plan your studies and keep enough time for at least one revision, RTPs and paper writing. Also many people go off WhatsApp and other social media sites, but I would suggest you stay connected to be aware of any new developments or amendments applicable for your exam. Be confident and determined as it will help you sail through your study period and achieve success. ALL THE BEST!!!