Rank: 15, Batch: May 2016
Place: Ahmedabad, Gujarat
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 remember sitting on a GMCS session and checking result every minute. Heart was beating very very fast when results were announced. My fiancee Tasleem saw the result and she is the lucky charm for me. She called and said Mohammad AIR 15. It was really amazing 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 want to give credit of my success to my Mom and Dad because they were there with me in my each ups and downs and another credit to Tasleem for motivating me and to my teachers for their wonderful knowledge and guidance and to my whole family for their blessings.
I did my Internship from Shah Mehta Majumdar, Chartered Accountants, Ahmedabad and then M K Sikchi & Co. Though a mid-sized firms, I had got good experience in the field of Audit and Taxation. I got practical exposure and before exams leave I was thorough with the Accounting standards, Audit Methodology, Direct and Indirect taxation.
Preparing for CA final examination requires a lot of precision, analysis and time management. There has to be a perfect plan that you need to follow during that 4-5 month period of preparation in order to succeed in this exam.
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
I started my full fledged studies four months before when I got leave from Internship. It is necessary to plan your schedule well so that you cover up everything and have enough time for revision. I started with paper 1 till paper 8, that took 75 days and then revision started in reverse order for 45 days. I studied 8 hours each day. I was studying as per plan made and taking a day off after every 2 subjects get completed to refresh my mind and body.
B. Strong and Weak subjects (How did I prepared them?)
My strength lied in practical subjects like FR, SFM and AMA. Apart from these, taxation- both direct and indirect interested me the most. So, my strategy was clear, strengthen your strengths and work hard on other subjects. I was also good in theory subjects as the concepts of law and audit was so clear thanks to articleship exposure. ISCA, I can say was fear, but after taking up coaching class, I got confidence in that too.
Books and e-sources
- Financial Reporting – JK Shah Class Notes + PM + DS Rawat for AS
- SFM – JK Shah Class Notes + PM
- Audit –Surbhi Bansal + PM
- Law – Munish Bhandari (main book)
- Costing – JK Shah Class Notes + PM
- ISCA – Jignesh Chheda
- DT – Mehul Thakkar’s notes + PM + Selected Cases
- IDT – Bangar (Main book) + Selected Cases
- Other Resources – RTPs
Though I didn’t attended any mock test conducts but I solved one paper in each subject after completing reading of every subject and solving these papers definitely gave me the confidence to face my final exams with perfection and precision. I recommend students to attend at least one mock test to have fair idea of exam pattern and environment this will help also in time management.
Rank and preparation
I never planned for rank but surely I was targeting exemption in every paper. 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 am planning to pursue CFA and simultaneously start education startup.
I am not attending ICAI campus as I am not planning for a Corporate job.
Advice to fellow students
CA final exams work like any other exam; they just require more focus and hard work. 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 to all my friends who are pursuing or who are planning to enter this course. I hope my experience as stated may help you in clearing CA Finals.
Thank you so much.