Himanshu Nemichand Agrawal - AIR 24 CA Final May 2016 - Surat, Gujarat
Himanshu Nemichand Agrawal

I am Himanshu Agrawal from the diamond city of India: Surat, Gujarat. I recently completed my CA course in May 2016 & secured AIR 24.I had also secured AIR 2 in CA-IPCE May 2013 exams for which I was awarded Best Student of Gujarat by Chartered Accountant Association, Ahmedabad. Also, I was lucky enough to be a part of Indian delegation sent to Colombo, Sri Lanka to attend 28th National CA students conference held in April 2014.

I did my schooling from S D Jain Modern School, Surat & St. Thomas English Medium School, Surat. I secured 97.60 % in my HSC Exams for which I was invited to witness the Republic Day Parade from Prime Minister’s Box in 2012 & was also awarded Amul Vidhya Bhushan Award for the same. I am a commerce graduate from DRB college, Surat & a college topper during all the three years of graduation.

I have been brought up in a very discipline atmosphere where values and principles have always been given priority. It gives me great pleasure to give introduction of my family: My father’s name is Nemichand Agrawal and he is a business man. My mother is a homemaker. Despite being a very family lady, she has been a great source of motivation in my life. Apart from this I have an elder sister who is a rank holder in CA, currently working in CEAT ltd as a manager.

I jumped into this profession after giving my 12th boards. While the preparation for CPT was on, I managed to get through DRB college for pursuing B. Com. I cleared my IPCE in the midst of 1st year of college. After than I continued my college & articleship side by side till I graduated with distinction in 2015.

My first reaction


To be very honest like every CA student I was glued to my cell phone from 10:00 AM anxiously waiting for results. Suddenly the results link opened & I was trembling to even enter my Roll Number. As soon as I checked that I got AIR 24 I was on cloud 9. Even before the feeling could sink in, my phone was flooded with calls & messages from my family members, office colleagues & friends. That moment was completely surreal & I hope this is a start of many new things to come.

The credit of my each and every achievement goes to my parents, sister & mentors. I think it’s just their constant support and care throughout, which has helped me focus on my academic and professional carrier. My mom is a homemaker; I don’t say it too often but she is like the biggest inspiration for me. The way she completes her household chores with utmost sincerity, day in day out seven days a week 365 days a year is commendable unlike us, who has the luxury of having the weekends to ourselves. My coaching institute Credent Professional Studies (CA Ravi Chhawchharia) needs a special applause. Faculties there have been a constant support to me throughout from IPCC to Finals. My sister CA Deepa Agrawal took the onus upon herself to guide me through the entire journey. And then, there are your friends who are with you throughout your good and bad times.

Articleship


I did my internship from SNK& Co and Asawa Gupta& Associates. Articleship is like your first real experience of getting to know how things really work in the professional sphere and it’s just one really big leap from your academic career. I personally believe that doing articleship from a proper place is extremely important for your overall development. What I think is that both theoretical and practical aspects should go hand in hand along with communication/presentation skills coupled with being technology savvy to become an extraordinary professional. Swimming cannot be learnt just by reading a book on how to swim, one has to actually jump into the water to learn swimming. The potential employers or established practitioners invariably examine whether the fresh Chartered Accountant has the conceptual clarity and more importantly knows how to apply the theory learnt in practical situations. The age old saying that – ”Practice makes a man perfect” always holds good. Practical training helps to inculcate a disciplined attitude for smart work and develops the necessary skill for the application of theoretical knowledge to practical situations.

As to how important articleship is from an examination perspective, I do have my reservations on it because the approach towards both the things is completely different. The subject area of your articleship does help you to cover the respective subject, which in my case was direct taxes & audit, but as for the other subjects, you do need to prepare them on your own.

Preparation


When we talk about CA Finals, we are talking about covering a course which has no boundaries. It’s as deep as an ocean and as wide as a sea.
I simply followed one quote “Plan your Work & Work your Plan “.

I started CA Final preparations from the day I received my CA IPCE Results. I tried to complete all the practical’s subjects in 1.5 years & focus on theory for the last 1 year. My target was to revise entire syllabus thrice before I play the final match “CA Finals May 2016 Exams”.

I would say instead of coaching; proper guidance is necessary which you can get either from your mentors/parents/seniors/anyone you trust. You should be clear as to:

  • What to study?
  • When to study?
  • Why to study?
  • How to study?
  • From Where to study?

Some topics may require expertise help but at the end of the day it all depends on how much time you are left with.

Strategies


A. Study schedule
As to how much time I spent studying every day, it would be around 8-10 hours of effective study with weekly breaks in between to catch up with friends and movies. One thing which is very crucial is the material that you refer for your preparations; my advice would be to do your fair share of research before opting to study a particular material and then dedicate yourself to it till you master it.

I am essentially an early bird, morning person and I used to study at early morning and then go to gym in the evening. Throughout, I never compromised on my sleep and just divided the entire time that I had amongst the subjects that I had to prepare.

I took one practical subject at a time and complemented it with a theory subject for 2-3 hours daily to maintain a proper balance between theory and practical. These kind of nitty-gritties are purely personal and driven by one’s own comfort but the overall focus should always be to cover the syllabus comprehensively in a time bound manner. With the amount of syllabus that we have to cover, I think it’s extremely important to prioritize things and execute them properly.

Books and e-sources


Subjects Study Material Practice Manual References
Financial Reporting MP Vijay Kumar, DS Rawat
Strategic Financial Management AN Sridhar
Advanced Auditing and Professional Ethics AS Foundation
Corporate & Allied Laws Munish Bhandari
Advanced Management Accounting
Information Control & Systems Audit
Direct Tax Laws RCC for Direct Taxes by Ravi Chhawchharia
Indirect Tax Laws Vineet Sodhani

Ps: ICAI Study Materials (like PM, SM, RTP etc.) are like “BIBLE”. You cannot ignore them.

Mock tests


Though I didn’t attend any mock test but I certainly solved the current year’s mock test papers available on ICAI’s website. Solving those papers boosted my confidence to face final exams with perfection & precision. You may consider them as warm up matches. If your time and level of preparation permits, you should surely go for them.

Rank and preparation


To be very frank, yes I was aiming for rank in CA Finals to continue the legacy 😛 .
Jokes apart, while preparing I just followed one mantra “The more you sweat in practice, the less you bleed in battle”.

To keep the momentum, I just thought of the fame that my sister & cousin brother got when they scored a rank in CA Finals. A little imagination of that would wipe off all my boredom & lethargic attitude towards studies.

Future Plans


That’s like a million-dollar question right now. There are many options which are running through my mind right now but haven’t taken a final decision yet. Ideally I would like to engage myself in some higher studies before dedicating myself to work completely. Let us see what developments take place on this front.

ICAI Campus


I have completed four weeks Residential Programme on “Professional Skills Development” organized by Board of Studies at the Centre of Excellence, ICAI, Hyderabad to brush my presentation and communication skills. I read business newspaper daily to acquaint myself with happenings taking place around me. Regular interaction with my friends on various topics also helps me for the same.

Advice to fellow students


  • Be Regular & Sincere as “A Little progress everyday adds up to BIG Results!”.
  • Don’t try to follow what everyone says. Select your “Guide” anxiously & follow him/her blindly.
  • Don’t change the source from where you have studied one topic even when you find a better source.
  • Instead of covering 100% course, cover only 85% and revise it as many as times as you can.
  • Work hard in silence, let Success make your noise.
  • It’s what you do in the Dark that brings you in the Light.
  • Don’t take undue pressure.
  • Arise! Awake! And STOP NOT till the Goal is reached.
  • “PRACTICE like you have never WON, PERFORM like you have never LOST.”
  • Try to stay away from Social Networking Sites/any other kind of distraction for at least last 6 months.

Always Remember

Jindagi ki asli udaan abhi baaki hai
Jindagi ke kai imtehan abhi baaki hai
Abhi to naapi hai mutthi bhar zamin humne
Abhi to sara aasman baaki hai…