CA Final November 2014 Exam: Tips and tricksOctober 31, 2014
Institute of Chartered Accountants of India (ICAI) CA Final Exam will begin from November 7 and end on November 21.
Tips for preparation during last 10 days:
Be positive and motivated: Many students have this tendency to take lots of pressure which makes them demotivated and sacred for the final exam. The key here is to keep yourself optimistic all the time, prepare well for the exam and give your best shot.
Revise your subjects: Do not pick any new subject during the last day. Other than picking a new subject its better to revise and improve the subjects you have already been doing. Do your articleship training sincerely, do various manuals and test papers for all the subjects.
Time management: Those three hours during the exams are extremely important whatever you have studies throughout these months will not count if you do not do well in the 3 hours. Time management is the key here, 180 minutes (3 hours) is given for 100 marks paper, so you have 1.8 minutes for each mark which implies that for a 5-mark question, you have 9 minutes in hand, for 10 marks question you have 18 minutes in hand so while giving the answers keep a check on your watch; how much time is over, how many marks paper is left and accordingly give importance to questions.
Best Books for all the Group 1 and Group 2 Subjects:
Reading too many books for one subject will not only confuse you but will demand lots of time. Rather than referring to three four books it's advisable to read only one book for one subject and focus more on test papers and manuals.
Financial Reporting : Praveen Sharma
Strategic Financial Management : Aditi Jain and V Pattabi Ram
Advanced Auditing and Professional Ethics: Prakhar Sharma/Paduka/V.K Agarwal
Corporate and Allied Laws: Munish Bhandari
Advanced Management Accounting: Sanjay Aggarwal
Information Systems Control and Audit: Dinesh Madan
Direct Tax Laws: Vinod Gupta, TN Manoharan
Indirect Tax Laws : Vinod Gupta and Raj Kumar
The timings of all the above CA Examinations would be from 2PM to 5 PM IST. Candidates of Intermediate (IPC) and Final Examinations will be allowed to opt for Hindi medium for answering papers. Detailed information will be found printed in the Information Sheets attached to the relevant application form.
However, the medium of Examinations will be only English in respect of Post Qualification Courses viz.: Management Accountancy Course (MAC) Part - I, Corporate Management Course (CMC) Part - I, Tax Management Course (TMC) Part - I, Insurance and Risk Management (IRM) Examination and International Trade Laws and World Trade Organisation (ITL & WTO) Examinations.