Rank: 12, Batch: May 2016
Place: Mumbai, Maharashtra
I entered the field of CA because I always had a liking for numbers. And above all, the fact that CA is one of the noblest professions in India inspired me to pursue Chartered Accountancy.
My first reaction
I was extremely overwhelmed on seeing my result. That feeling of happiness is inexpressible. I would like to give credit for my success to my parents and sister who were a very strong support system for me. They were always caring and motivating. I would also like to thank my professors and my seniors in articleship for being always there to help and guide me; and my friends for their undying support.
I did my articleship from Shah Gohil and Associates at Goregaon, Mumbai. I have also worked at Bharat P Shah & Co. on assignment basis. I got exposure in both audit as well as taxation. Working there helped me not only in my studies but also improving my skills. I learnt how to handle pressure and manage our priorities.
My preparation started with me taking up classes in January 2014. But my self-study began in the third week of December 2015, when I went for my study leave. I used to study around 10-12 hours a day during my study leave.
It is not necessary to join any coaching institute; though joining one may definitely help, especially in practical subjects. But what finally matters is conceptual learning and self-study.
A. Study schedule
Having a study schedule and following it will help avoid stress in last few months before exams. Taking up 2 to 3 subjects a day instead of just one might help.
B. Strong and Weak subjects (How did I prepared them?)
I always knew my strength lies in practical subjects and I require more effort to prepare theory subjects. Hence I used to compliment one practical and theory subject each day. Whether a strong or weak subject, the basic idea remains the same– learn conceptually.
Books and e-sources
- Financial Reporting – Study Material (SM) + Practice Manual (PM) or Classes Notes
- SFM – SM + PM or Classes Notes
- Audit – PM + Aseem Trivedi for SAs + V. K. Agarwal
- Law – SM + PM
- Costing – SM + PM or Classes Notes
- ISCA – SM + PM
- Direct Tax – Vinod Gupta’s Modules + PM
- Indirect Tax – Classes Notes + PM + Bangar (for practical problems)
I did not attend any mock test conducted by ICAI but I did solve them at home. Solving mock test or any other paper under exam conditions would definitely give confidence to face Final exams. It would help in managing the three hours of exam in a better way.
Rank and preparation
Though I always aimed for a rank, that didn’t make much of a difference in my preparation. It is because I have always believed in learning things conceptually and scientifically.
I do not have any clear plans as of now but wish to take up such work which I would enjoy doing and which would help me utilise my capabilities effectively.
To prepare for the campus one needs to be updated with the latest developments.
Advice to fellow students
Do not stress out yourself as it decreases your efficiency. When you are studying, just put in your 200% and when you are relaxing (well that is important as well!), don’t panic about the exams. Just keep your momentum going and clear the exam with flying colours…