Few Avoidable Mistakes Most CA Students Fail to Avoid – CA Wizard

Hello Friends, I’m worried about the CA exams. You will be, after all, CA is not an easy course. It needs a lot of HARD WORK and patience. Only a few students cleared the exam after the exams. The result of the Final generally lies up to 10% (max). In this article, we discuss mistakes CA Students Fail to Avoid. 

WE DON’T GROW WHEN THINGS ARE EASY, WE GROW WHEN WE FACE CHALLENGES.

With the increase in levels, the difficulty level also increases. The entrance exam CA Foundation is very easy. However, CA Intermediate and Final are very difficult. And maintaining your study which the practical training is also Damn tough. If you were even a topper in your school or college, you might have also faced failure in CA exams.  Still, some students clear this exam in first attempt.  

But friends, these are not exceptions. What they did which made them an exception? You have also studied a lot. Still, the result was not in your favor. But maybe your friend cleared this exam. Why???? So many such types of questions are moving in your brain.

Many students have thought that ICAI has the power to redirect your marks.” But friends may i know one thing, that there was not a single student who became a Chartered Accountant in your exam. If your answer is no, that means there was even a single student who became a Chartered Accountant in your exam till that day you can’t blame ICAI. Because that was also part of your crowd once. So, stop criticizing ICAI, open up your books, and double your efforts”.

Also, Check the Complete CA Course Guide and download the CA Intermediate Paper with answers.

Also Read – How to Become CA 

Don’t lose hope friends “WINNERS ARE NOT THOSE WHO NEVER FAIL, BUT PEOPLE WHO NEVER QUIT”.

Maybe this is your 2nd attempt or 4th attempt or maybe 10th attempt. Still don’t lose hope, you are not alone in this journey, many students are facing more worse situations than yours. Maybe they have to do the job to support their families, or to continue their studies, possibly some are housewives, they have to manage their studies along with their household work. But think, still they are working hard to achieve this degree. If they can do this then you can also do this friends. Everything is possible. What is impossible is JUST NOTHING.

We are sharing with you a few things that most CA students fail to avoid-

1. Dummy Articleship–  Never ever do this. Articleship is the most important part of the entire CA career. This is also called as Golden period in the journey of a CA student. Practical Knowledge is important as much as studying the books or even more important. CA papers especially Auditing or Direct Tax are designed in such a way that it test your practical Knowledge. And if you had a dummy training then you cannot gather this knowledge from books.
   So, be regular in your articles.
2. Not Managing Study with Training–  This situation has been seen most of the time. Students think that they have ample time for three years. They will easily prepare. But friends you don’t need to get time tomorrow. As time passes, you will be a senior article in your office, resulting in your workload increasing, and your timing increasing. You have to start today and make a schedule so that your entire course will be complete during your training period. Set your goals and whatever the situation will be, strictly fulfill them.  And when you get the preparation leave, only revision should be left.
3. Not regular in the classes- Most of the students commit this mistake. Skipping your classes can get you in big trouble. You are joining classes for your own sake. There is no such compulsory attendance criteria.It has been seen many times, that students think let’s complete the classes first, after that we will start studying but it is not even possible. The concept can remain in your mind if you revise it within 24 hours. You will get a huge problem if you start the subject after completion of the classes. You will not even recall the concepts. So, it would be better to be regular with your classes. Daily revise the things, and also solve the questions related to them.
4. Ignoring the ICAI Practice Manual- Friends, as when you are completed with a chapter. Start practicing questions from the practice manual. You must have completed the questions given in your compilers provided by the coaching but still you should go through the practice manual provided by the ICAI. It not only makes you practice a lot of questions but also gives you presentation ideas. Seeing the past attempts more than 50% of the paper in AMA covers from the practice manual. Financial Reporting, SFM practice manual also covers a major portion of the paper.  Audit, DT, IDT, Law, and ISCA help you in presenting the answers in exams a lot. I am not asking you to go through the entire study material, RTPs MTPs, or past 8-10 attempt papers. It is not possible for everyone. Just go through the practice manuals.
5. No proper execution of plans- Problem with everyone. We all are good at planning. Every next day we prepare a new and efficient plan. But what lacks is its execution. This is the main reason of our failure. Until you are strict to our plans, you cannot achieve success. Do not leave anything on tomorrow. Unless it is impossible try to complete it today. There is no such thing as tomorrow and the impossible itself says i m possible.
6. No proper Presentation of answers – Presentation matters a lot in CA exams. Maybe, you will not be able to attempt the full paper but what you are writing and how you are writing, matters.  The answers you are writing must show their quality.
7. No proper self-analysis – This happens with many students although after covering the entire course they could perform well in exams. This happens because they appear directly in exams not analysing themselves. This should not be done friends, You should attempt at least three papers at home. By doing this you will be able to know where are you weak, you can improve your silly mistakes, and manage your papers in the CA Final are very lengthy.
8. Not solving the question by writing  – Guys please don’t do this. Due to lack of time, what major people do is they do not solve the questions in writing, they solve the entire question on their calculator.  Biggest Mistake CA students fail to avoid, if you do not solve the questions on paper you will get confused about how to present the answers. In your theory subjects, you can grab the presentation skills by reading more and more questions. But if you are going to solve the practical part you have to do them at least thrice on paper.
9. Too much stress – We can understand friends how failure makes you feel. And in passion to clear the upcoming examinations you are so stressed. Stress up to a level is good. If you do not take a load then it would be difficult to clear the exam. But stress beyond a level is harmful. Due to the stress, there will be chances that you may get ill or not perform the questions even though you have read them. So, be cool and confidently give your paper. Give your 100% then ICAI will give you 50% and we need only 50% to crack this exam.
10. Not clear between the Single group and Both groups –  It depends on you and your caliber. How much you can handle, how much time is left with you? Nobody can analyze you better than yourself. Many times it happens that students after getting leave for their final exams start preparation for both groups even if they had not completed it before and shift to the single group just a month before the exams.. Taking the pieces of advice that 2 months are enough for one group. But friends it is not true, they must have completed their course at least once before availing leave and only the revision part is left. Or possibly they have completed the entire course in such short duration, but these are exceptions. Every student can’t do this. Take your time and decide whether you can attempt both groups and if not, then strictly focus on the single group from the first day. You will crack this exam.
11. Analyze your Mistake – Again and again, you are repeating the same thing that cannot take you to success. Analysis of your mistakes is very important. Read the suggested answers. Compare your answers with them. If still you are not clear then you can call your answer sheets for inspection. Either analyze it by yourself or get the help of a teacher.

I am sure friends that the above points will help you in clearing this exam. And also some students got ranked after facing a taste of FAILURE. If they can do it, you can also do it. The only thing you have to bring inside is PASSION. Do not let it be just a course or a dream. Make it your passion. And CA is not your life, it is just a part of your life. Still, so many things are waiting for you. You have a long journey and this is just the beginning.

There are so many examples like Bollywood actress Arshin. She is a Chartered Accountant and had also tasted failure in CA Exams, but she did not quit because of a thought in her mind that once she quit, she would always quit in her life due to the fear of failure.

Another example in this list is SHAILEE CHOUDHARY. She is a 1st rank holder in the MAY 2015 examinations. But this was not her first attempt. She failed in NOV 2014. Also, she cleared her first group of IPCC with very average marks and the second group on the 5th attempt. But what she has never done is QUIT. She never gave up. And create an example for every student and become an inspiration to thousands of students.

Read here for more CA Motivational stories

PARINDO KO MANZIL MILEGI HUMESHA…

YE PHAILE HUE UNKE PANKH BOLTE H…….

WOHI LOG RAHTE HAIN KHAMOSH AKSAR……

ZAMANE ME JINKE HUNAR BOLTE HAIN.