Rank: 31, Batch: Nov 2015
Place: Kolkata, West Bengal
My first reaction
Elated!!! It was most satisfactory getting rewarded for what I’ve worked so hard for. Hard work is the most important factor in achieving ones goals but I would also like to thank my family and friends who have helped me in the journey.
I have done my internship from Lovelock & Lewes (PwC) in Kolkata. My articleship experience helped me immensely in Auditing and Assurance paper as I was working in the assurance department which helped me to clear my concepts and understand the jargon’s and terminology used in the study material. Also my internship experience taught me how to deal with pressure and put in long hours of studies.
I had taken coaching classes for a few subjects but I could not attend them properly except for Direct Tax and ISCA tuitions. For most of the subjects I had resorted to self study. Hence taking tuitions is not essential and it depends on each individual whether or not s/he is comfortable with self study. Coaching classes could be helpful if one is not comfortable with a subject or is not disciplined enough to study at home.
A. Study schedule:
Studying for 10-12 hours during exam leave (4.5 months in my case) is important and the hours need to be extended even more a month before the exams.
It is important to study in a way you are comfortable with and not to change your style trying to copy someone. Time should be allotted to various topics depending on a variable which is “time/marks” i.e. time required to study something worth 1 mark. This is important because many topics require comparatively less amount of time for the same marks as some other topic and hence it becomes essential to devote proper time to such topics. Lastly one should cover all the topics and try to revise them at least twice.
B. Strong and weak subjects (How did I prepared them?)
I was comfortable with subjects like Financial Reporting, SFM and ISCA and hence I put lesser efforts into these subjects once I thought that I could clear these subjects. I was nervous in law, auditing and IDT hence I gave more time to such subjects often taking time out of the stronger subjects. I had studied the weaker subjects thrice to take them at par with other subjects.
Books and e-sources
Try to stick to one book and not experiment with a lot of books from a lot of authors as this may confuse you. Some recommendations are:
- ISCA – Study Material of ICAI
- IDT – Bangar & Bangar and Practice Manual
- Law – Munish Bhandari
- Audit – Practice Manual
- Direct Taxation – Study Material of Mr. Vinod Gupta
- Cost – Pratice Manual
I did not appear for any of the mock tests. Personally I don’t think it is necessary.
Rank and preparation
I was trying to score well but I had not explicitly aimed for a rank. If one studies continuously for 4-5 months, one is bound to lose momentum and hence it becomes important to acknowledge it and take a break whenever required.
As of now I am looking for a job in the corporate world.
Studying the latest amendments and developments and updating myself with the current affairs. I am also reading up on various prospective employers to understand more about them.
Advice to fellow students
The curriculum is quite huge and difficult and hence requires complete and utter focus. Don’t hesitate to make sacrifices to achieve your dream as what appears to be a sacrifice right now would turn out to be the best investment you ever made.