Sunday, 29 January 2012
Fee Structure of CA
C.P.T-6000/-
IPCC-9000/-
ATC-10000/-
ARTICLE TRAINING FEE-2000/-
FINAL:-
FROM PCC-8500/-
From IPCC-10000/-
IPCC-9000/-
ATC-10000/-
ARTICLE TRAINING FEE-2000/-
FINAL:-
FROM PCC-8500/-
From IPCC-10000/-
Sunday, 22 January 2012
Preparing for IPCC - Self study
Written By CA DHIRAJ A. RAMCHANDANI
INTRODUCTION
Let me make this very clear, Im not from IPCC stream. Its just that, on receiving few requests, Im writing this article, with help of few other people. As such, I believe, at difficulty level, PCC & IPCC syllabi stand together. There is no much difference in contents of syllabus of any of them. So, what defers is discussed here.
GENERAL INSTRUCTIONS
The major consideration here, unlike PCC, has been to go for single group or both. In PCC one was supposed to undergo articleship and also attain the exams. While in IPCC, one needs to clear first group initially, then he/she becomes eligible for articleship, not before that. But again, the advantage with PCC students was they had atleast 1.5 year to prepare for one/both groups. While, for IPCC students, the attempt becomes due in just 9 months of clearing CPT.
So, they are not comparable as per me. But few common points for PCC/IPCC, every student needs to keep in his/her mind. They are as follow
Some Points to be kept in mind for every PCC/IPCC student before we move on further :
PCC/IPCC is a backbone of CA.
What youve performed in CPT/PE-I is immaterial for PCC/IPCC, and FINALS is not yet come.
So whatever you can do is in IPCC/PCC only.
Every concept, every topic & every aspect of subject can be understood at this stage only. Because FINALS wont allow you to understand, but only to implement what have you learnt at this stage
So, its a request to all you freshers that please dont ignore any topic or rather leave it simply, because at the end, it is going to help you only.
Now, lets consider, what should be done by a IPCC student, whether to go for one group or both together. And what is to be done, after finalizing your decision.
DECISION MAKING
I personally believe that as IPCC stage is a crucial one, a student should consider this aspect seriously and think of attaining one group at a time. Because, by going for 1-1 group, a student can concentrate more on concepts, rather than just clearing the exams. Various students, I find, practice this illogical act of attempting both groups together in IPCC, and finally lose both the groups. I just dont understand why they rush? Or what is that one thing that doesnt let them wait for 6 months more and clear both groups by 1-1 format. Trust me friends, being student you consider exams to be a burden and so want to get off from them. But being CA too is not that easy, there are more difficulties and hurdles in being CA too. So what will they do after clearing exam, when they face any problem after being CA?
Such decisions are needed to be thought upon well, one should consult his/her seniors, tutors, relatives (if there are any professionals in family) and then decide to go for one or both groups. Anyways, if you ask me, I would suggest going with first group only in your first attempt, and thereafter going for second group.
Ok, so lets discuss both the options, i.e going for single group or both groups together :
SINGLE GROUP
I think ICAI has done a great job by entering IPCC scheme in CA syllabus. A student clearing CPT has no experience, has no high maturity level, so it is very obvious that how can one expect from that student to attain his/her articleship alongwith the studies. So, removing articleship for ones first attempt and reducing time gap between CPT & IPCC is really good attempt by ICAI itself. For PCC students, it was very difficult to deal with articleship, tuitions and studies together, but for IPCC students, they need to concentrate initially on their studies only and then if they clear one group, they need to join office. What could have been better option for ICAI, to train students for such a longer duration without affecting their studies?
Generally, students join various tuitions for every subject, after CPT. These coaching classes take care of major subjects, and thats good enough to attempt for one group atleast in IPCC. What students are suppose to do overhere is to attain their classes regularly and also refer any reference book from the market, because practice makes man perfect. As such, teachers at tuitions guide students about the topics, but as they themselves dont have time to explain every concept in detail or give maximum practice, its their responsibility to refer good books or material for self practice to students.
Many students may complain that they already have long session tuitions, they dont have any extra time for self practice. Then let me remind you, youve already cleared CPT, so that means now is the time where you need to solve and write every solution in detail in your exams. You cannot ask for relief or relax, as after clearing IPCC, your FINALS will be after 3 years, and there you have sufficient time to prepare for. But at IPCC level, you should not rest or rather work hard and get every concept in so detail that you need not have to refer the same basics for CA FINALS.
So, one should not depend on tuition or coaching classes (if some one opts for it), self practice is VERY VERY NECESSARY at this stage of CA course. And I think, the benefit IPCC students have got is splitting of ACCOUNTS, really, its a very good move by ICAI. Because, in PCC students find it very difficult to finish off accounts and then revise such a huge syllabus in exams.
I think, sincere studies for one group wont fetch more than 3 months, for first group. Here, Im referring for the SELF-STUDY purpose. That means, if someone doesnt join any class, then one can easily finish off the first group, alongwith revision in just 3 months. So friends, grab the opportunity and go for single group as far as possible.
BOTH GROUPS
Now, if someone is really genius and believes that he/she should try to go for both groups together, than he/she should. Because, if some one is confident about his/her success and is firmly promises to prepare for the same, then I think he/she should really try for both groups together.
The difference in going for single and both groups together is that quantum of practicing sums & understanding of concepts or rather put it in one word basic/detailed knowledge defers. Person going for one group has enough time to practice for and understand the concepts well. While, student going for both groups, has lack of time, so he/she cannot practice more or rather understand concept in detail. But then, clearing both groups in first attempt has its own value and importance.
Students going for both groups together have to put lot and lot of efforts to even finish the syllabus once, revision is cannot be thought upon. So, I suggest them to go for daily studies, whether one joins or not joins any coaching class. The best way to deal with such huge syllabus in just 6-7 months is to study daily, that to as well with full concentration.
Daily revision too is necessary, otherwise, all effort will go in vain. Because, preparing for 6 subjects together, i.e 7 papers, that to just after CPT exams where one had just four subjects, becomes a tedious job. So, whatever you study for whole day, it is necessary to revise the same on the very same day, before you go to sleep.
Another factor hinders here is the length of all the subjects. Generally, in CPT, most of the topics are common from our 10+2 standards. But at IPCC level, everything changes, new topics, subjects, concepts are introduced. The exam pattern also changes, from MCQs, now it changes to detailed answers. So a student needs to consider this factor as well.
I believe, 6 months are to be allotted for IPCC both groups preparation, without coaching classes and atleast 3 months if some one goes for coaching.
In this 5 months preparations and 1 month is sufficient for revision.
TIME ALLOCATION
First Group (3 months, i.e approx. 90 Days
Accounts 25 Days
Law, Ethics & Communication 20 Days
Try to finish both these subjects within 45 days.
Cost Accounting & Financial Management 20-25Days
Taxation 20-25 Days
Second Group (2 months, i.e approx. 60 Days)
Advanced Accounting 25 Days
Auditing 15-20 Days
Try to finish both these subjects within 35 days
Information Technology & Strategic Management 15-20 Days
DISCLAIMER
The views, suggestions, tips, etc expressed above are purely mine. These are not the perfect suggestions, rather very subjective from person to person.
So please, before following the above suggestions, take advice of your teachers, seniors or your boss as well. Because, for me these procedures were helpful, so before following any of them, do concern any expert.
INTRODUCTION
Let me make this very clear, Im not from IPCC stream. Its just that, on receiving few requests, Im writing this article, with help of few other people. As such, I believe, at difficulty level, PCC & IPCC syllabi stand together. There is no much difference in contents of syllabus of any of them. So, what defers is discussed here.
GENERAL INSTRUCTIONS
The major consideration here, unlike PCC, has been to go for single group or both. In PCC one was supposed to undergo articleship and also attain the exams. While in IPCC, one needs to clear first group initially, then he/she becomes eligible for articleship, not before that. But again, the advantage with PCC students was they had atleast 1.5 year to prepare for one/both groups. While, for IPCC students, the attempt becomes due in just 9 months of clearing CPT.
So, they are not comparable as per me. But few common points for PCC/IPCC, every student needs to keep in his/her mind. They are as follow
Some Points to be kept in mind for every PCC/IPCC student before we move on further :
PCC/IPCC is a backbone of CA.
What youve performed in CPT/PE-I is immaterial for PCC/IPCC, and FINALS is not yet come.
So whatever you can do is in IPCC/PCC only.
Every concept, every topic & every aspect of subject can be understood at this stage only. Because FINALS wont allow you to understand, but only to implement what have you learnt at this stage
So, its a request to all you freshers that please dont ignore any topic or rather leave it simply, because at the end, it is going to help you only.
Now, lets consider, what should be done by a IPCC student, whether to go for one group or both together. And what is to be done, after finalizing your decision.
DECISION MAKING
I personally believe that as IPCC stage is a crucial one, a student should consider this aspect seriously and think of attaining one group at a time. Because, by going for 1-1 group, a student can concentrate more on concepts, rather than just clearing the exams. Various students, I find, practice this illogical act of attempting both groups together in IPCC, and finally lose both the groups. I just dont understand why they rush? Or what is that one thing that doesnt let them wait for 6 months more and clear both groups by 1-1 format. Trust me friends, being student you consider exams to be a burden and so want to get off from them. But being CA too is not that easy, there are more difficulties and hurdles in being CA too. So what will they do after clearing exam, when they face any problem after being CA?
Such decisions are needed to be thought upon well, one should consult his/her seniors, tutors, relatives (if there are any professionals in family) and then decide to go for one or both groups. Anyways, if you ask me, I would suggest going with first group only in your first attempt, and thereafter going for second group.
Ok, so lets discuss both the options, i.e going for single group or both groups together :
SINGLE GROUP
I think ICAI has done a great job by entering IPCC scheme in CA syllabus. A student clearing CPT has no experience, has no high maturity level, so it is very obvious that how can one expect from that student to attain his/her articleship alongwith the studies. So, removing articleship for ones first attempt and reducing time gap between CPT & IPCC is really good attempt by ICAI itself. For PCC students, it was very difficult to deal with articleship, tuitions and studies together, but for IPCC students, they need to concentrate initially on their studies only and then if they clear one group, they need to join office. What could have been better option for ICAI, to train students for such a longer duration without affecting their studies?
Generally, students join various tuitions for every subject, after CPT. These coaching classes take care of major subjects, and thats good enough to attempt for one group atleast in IPCC. What students are suppose to do overhere is to attain their classes regularly and also refer any reference book from the market, because practice makes man perfect. As such, teachers at tuitions guide students about the topics, but as they themselves dont have time to explain every concept in detail or give maximum practice, its their responsibility to refer good books or material for self practice to students.
Many students may complain that they already have long session tuitions, they dont have any extra time for self practice. Then let me remind you, youve already cleared CPT, so that means now is the time where you need to solve and write every solution in detail in your exams. You cannot ask for relief or relax, as after clearing IPCC, your FINALS will be after 3 years, and there you have sufficient time to prepare for. But at IPCC level, you should not rest or rather work hard and get every concept in so detail that you need not have to refer the same basics for CA FINALS.
So, one should not depend on tuition or coaching classes (if some one opts for it), self practice is VERY VERY NECESSARY at this stage of CA course. And I think, the benefit IPCC students have got is splitting of ACCOUNTS, really, its a very good move by ICAI. Because, in PCC students find it very difficult to finish off accounts and then revise such a huge syllabus in exams.
I think, sincere studies for one group wont fetch more than 3 months, for first group. Here, Im referring for the SELF-STUDY purpose. That means, if someone doesnt join any class, then one can easily finish off the first group, alongwith revision in just 3 months. So friends, grab the opportunity and go for single group as far as possible.
BOTH GROUPS
Now, if someone is really genius and believes that he/she should try to go for both groups together, than he/she should. Because, if some one is confident about his/her success and is firmly promises to prepare for the same, then I think he/she should really try for both groups together.
The difference in going for single and both groups together is that quantum of practicing sums & understanding of concepts or rather put it in one word basic/detailed knowledge defers. Person going for one group has enough time to practice for and understand the concepts well. While, student going for both groups, has lack of time, so he/she cannot practice more or rather understand concept in detail. But then, clearing both groups in first attempt has its own value and importance.
Students going for both groups together have to put lot and lot of efforts to even finish the syllabus once, revision is cannot be thought upon. So, I suggest them to go for daily studies, whether one joins or not joins any coaching class. The best way to deal with such huge syllabus in just 6-7 months is to study daily, that to as well with full concentration.
Daily revision too is necessary, otherwise, all effort will go in vain. Because, preparing for 6 subjects together, i.e 7 papers, that to just after CPT exams where one had just four subjects, becomes a tedious job. So, whatever you study for whole day, it is necessary to revise the same on the very same day, before you go to sleep.
Another factor hinders here is the length of all the subjects. Generally, in CPT, most of the topics are common from our 10+2 standards. But at IPCC level, everything changes, new topics, subjects, concepts are introduced. The exam pattern also changes, from MCQs, now it changes to detailed answers. So a student needs to consider this factor as well.
I believe, 6 months are to be allotted for IPCC both groups preparation, without coaching classes and atleast 3 months if some one goes for coaching.
In this 5 months preparations and 1 month is sufficient for revision.
TIME ALLOCATION
First Group (3 months, i.e approx. 90 Days
Accounts 25 Days
Law, Ethics & Communication 20 Days
Try to finish both these subjects within 45 days.
Cost Accounting & Financial Management 20-25Days
Taxation 20-25 Days
Second Group (2 months, i.e approx. 60 Days)
Advanced Accounting 25 Days
Auditing 15-20 Days
Try to finish both these subjects within 35 days
Information Technology & Strategic Management 15-20 Days
DISCLAIMER
The views, suggestions, tips, etc expressed above are purely mine. These are not the perfect suggestions, rather very subjective from person to person.
So please, before following the above suggestions, take advice of your teachers, seniors or your boss as well. Because, for me these procedures were helpful, so before following any of them, do concern any expert.
Learn from mistakes of a small town IPCC student
As i m also from small town so i m posting this article written by a sincere student.
Hi guys! I cleared my IPCC GROUP 1 in May 2011 in first attempt. In today’s scenario, it may not be a big deal but still, yes, it is a big deal for an average Guajarati medium girl who belongs to a small town of Gujarat named Bharuch having passed std.12 B.com. In Guajarati medium in May 2010 & CPT in June 2010 with a score 136.
Everything was new for me. New place, new house, new people, new class, new teachers, new friends & most importantly the high-tech IPCC course! I was totally shocked when I saw those board books for the first time. Secondly it was very much difficult for me to stay away from my parents. It is called homesickness & many of us, leaving their hometowns for further studies have definitely faced it.
Today I want to share some of my mistakes with you.
1. SELECTION OF COACHING CLASS:
Please never be misguided by advertisements wherein rankers are displayed as stars of classes’. Most of us are average students. Rankers are far & few. Such coaching classes concentrate mainly on rankers; take the credit, which may not be necessarily theirs. We the average students may remain neglected in such classes. So be careful in your selection.
2. WHETHER TO APPEAR FOR GROUP 1 OR BOTH?
If you feel that you are able to go for only one group, then go for it. Never feel ashamed for it. Don’t hesitate. it is batter to go for Group 1 & get cleared rather than to appear for both the groups, following “ The gheta mentality” & then be butchered by ICAI .But do your best to perform the best in Group1 & have clear concepts by working hard for Group 1.
3. WHAT TO READ, FROM WHERE TO READ?
As class started we have been given lots of reference books for each and every subject. I was terribly confused about “from WHERE to study”. After spending my 3 to 4 months I realized my mistake & realized that it is better to read from board books and practice manual provided by institute.
*for A/Cs & costing FM
Board book & practice manual are fare enough. What counts are our concepts. If it is clear, we are able to handle any question.
Practice manual is type of compilation only, covering all the past paper questions.
*for Law, Ethics, Communication
I should have concentrated on this subject from very beginning but I didn’t, more true for Guajarati medium students like me as it is more descriptive requiring good command in English. Secondly, never ignore Ethics & communication. 50% or more questions are being asked from these two topics.
Here Padhuka is a proper book where all the information is given in Q/A format.
*for taxation
It was my biggest mistake, where I used to study from such a difficult reference book - V. K. Singhania. Then I realized that Padhuka was batter, where everything is given in Q/A & table format with inbuilt compilation.
4. ORIENTATION & ITT:
This should be completed in earlier stage of study as soon as possible. It takes a lot time & change and affect our reading schedule drastically.
5. B.COM:
I don’t know really this is a mistake. but I am not a regular B.com student, but I have joined B.com(A&F) distance learning course from IGNOU under special arrangement between ICAI & IGNOU In august 2010.
I submitted assignments before march 2011 & now I shall appear in 7 papers only instead of total 36 papers in Dec.2011.(refer ICAI for more details.). So I had a luxury of concentrating only on IPCC.
I have made a lot of mistakes during those nine months. I’ll use them as my stepping stones towards my remaining path to become CA someday..
These are the mistakes of an average student.
Hi guys! I cleared my IPCC GROUP 1 in May 2011 in first attempt. In today’s scenario, it may not be a big deal but still, yes, it is a big deal for an average Guajarati medium girl who belongs to a small town of Gujarat named Bharuch having passed std.12 B.com. In Guajarati medium in May 2010 & CPT in June 2010 with a score 136.
Everything was new for me. New place, new house, new people, new class, new teachers, new friends & most importantly the high-tech IPCC course! I was totally shocked when I saw those board books for the first time. Secondly it was very much difficult for me to stay away from my parents. It is called homesickness & many of us, leaving their hometowns for further studies have definitely faced it.
Today I want to share some of my mistakes with you.
1. SELECTION OF COACHING CLASS:
Please never be misguided by advertisements wherein rankers are displayed as stars of classes’. Most of us are average students. Rankers are far & few. Such coaching classes concentrate mainly on rankers; take the credit, which may not be necessarily theirs. We the average students may remain neglected in such classes. So be careful in your selection.
2. WHETHER TO APPEAR FOR GROUP 1 OR BOTH?
If you feel that you are able to go for only one group, then go for it. Never feel ashamed for it. Don’t hesitate. it is batter to go for Group 1 & get cleared rather than to appear for both the groups, following “ The gheta mentality” & then be butchered by ICAI .But do your best to perform the best in Group1 & have clear concepts by working hard for Group 1.
3. WHAT TO READ, FROM WHERE TO READ?
As class started we have been given lots of reference books for each and every subject. I was terribly confused about “from WHERE to study”. After spending my 3 to 4 months I realized my mistake & realized that it is better to read from board books and practice manual provided by institute.
*for A/Cs & costing FM
Board book & practice manual are fare enough. What counts are our concepts. If it is clear, we are able to handle any question.
Practice manual is type of compilation only, covering all the past paper questions.
*for Law, Ethics, Communication
I should have concentrated on this subject from very beginning but I didn’t, more true for Guajarati medium students like me as it is more descriptive requiring good command in English. Secondly, never ignore Ethics & communication. 50% or more questions are being asked from these two topics.
Here Padhuka is a proper book where all the information is given in Q/A format.
*for taxation
It was my biggest mistake, where I used to study from such a difficult reference book - V. K. Singhania. Then I realized that Padhuka was batter, where everything is given in Q/A & table format with inbuilt compilation.
4. ORIENTATION & ITT:
This should be completed in earlier stage of study as soon as possible. It takes a lot time & change and affect our reading schedule drastically.
5. B.COM:
I don’t know really this is a mistake. but I am not a regular B.com student, but I have joined B.com(A&F) distance learning course from IGNOU under special arrangement between ICAI & IGNOU In august 2010.
I submitted assignments before march 2011 & now I shall appear in 7 papers only instead of total 36 papers in Dec.2011.(refer ICAI for more details.). So I had a luxury of concentrating only on IPCC.
I have made a lot of mistakes during those nine months. I’ll use them as my stepping stones towards my remaining path to become CA someday..
These are the mistakes of an average student.
How I passed IPCC(both groups) in 60 days
My name is Pai. Abhijit Pai.
.I have passed both groups of my November 2010 IPCE in my first attempt.
I studied for a period of 60 days in a systematic way and managed to cover all 7 subjects in a comprehensive manner. In fact I was too lazy and stubborn to study for more time than that. Actually I believe that laziness is an underestimated superpower with which you can achieve your goals in the easiest and the shortest possible manner.
All I believe that in the study period you should keep yourself happy, motivated, and full of enthusiasm of getting to learn something new everyday and not get bogged by the sheer extent of this voluminous IPCC. And it is absolutely okay if you ,once in a while, daydream about passing the exams with flying colors. Cause everything takes place twice, and the first place is inside your head . To do something ,you first have to think about doing it.
I opted for self study for I frankly believe that spoon feeding done by the coaching classes diminish our ability to analyse, interpret, and most importantly think in an intellectual way.(It is like to constantly allow someone else bombard our brain with their interpretation of the ca topics and in the process killing our creativity and imagination).
My study plan was to study for a minimum of 10 hours from day one.(I know it is much more easy to type this than to actually do it). I also managed to watch 2 episode of 'friends' and 'two and a half men' each everyday.(It may sound lame but this is my way of rewarding myself for 5 two hour study session everyday).Also in the morning, I went for a walk for 15 minutes daily to some fresh O2.And it is very very important to get atleast 7-8 hours of sleep per day.
My schedule was as follows:
A/c = 9days*10hrs=90hrs
Costing=6days*10hrs=60hrs
FM=6days*10hrs=60hrs
Income Tax=10days*10 hrs=100hrs
ST,VAT=2days*10hrs=20hrs
Adv a/c=9days*10hrs=90hrs
Law=7days*10hrs=70hrs
Audit=6days*10hrs=60hrs
IT=3days*10hrs=30 hrs
SM=2days*10hrs=20hrs
You can study these subjects in any order. Preferably study the subject of the first exam in the end. I am not saying that this is a foolproof schedule but all I know that it worked for me. The books used and the marks obtained by me are as follows:
A/c (57 marks) - Padhuka+Rawat
Costing and FM (52marks)- Padhuka
Law(47 marks)- Munish Bhandari
Taxation(63 marks)- Manoharan for Income tax and ICAI module for st,vat
Group 1 total= 219marks
Adv A/c(62marks)- Padhukas
Audit(60marks)- Surbhi Bansal
IT and SM(49 marks) - ICAI Compilation for IT and padhukas for SM
Group 2 total= 171 marks
Grand total = 390 marks
The most important thing to remember is that the value(cost) of even a single day can be as much as six months(that is only if you don't pass).So try to study as hard as possible in this time frame of sixty days and don't waste even a single day for any reason. And since I managed to pass my November 2010 IPCC by following the above mentioned schedule, then i sincerely believe that any other person on the face of this earth will also be able to pass their forthcoming IPCC/PCC examinations.
Before starting to write the exam, while seated in the exam hall, DO NOT engage yourself in chit chat and DO breathing for atleast 10 minutes to keep your mind cool. In all the exams try to attempt between 90-100 marks. Dont waste your time reading the paper when you get it. Just attack the first question and read the rest only when you get to them.
Also if you like reading books,I would suggest you to read some general self help books like The secret, Think and grow rich, Zen and the art of happiness, The law of attraction etc which play an important part in increasing our self confidence and instill a sound belief in us that anything is achievable if we sincerely believe that it can be achieved.
Also even before you pass your exams, gather information about the ca final course, the subjects, refreshers to be bought etc.Also visualize the day of the results everyday just before sleeping and after waking up in grand detail.(Think about you passing the IPCE, yours parents are happy, you sharing the good news with your friends etc) In short, even before you actually pass your IPCC, at least on some level you should already be a CA Final student.
All the very best to every IPCC/PCC student in his/her forthcoming examination
My other achievements
CBSE 10th - 89%
CBSE12th - 91%
If anyone needs any help, feel free to mail me at pai.abhijit.pai@gmail.com
.I have passed both groups of my November 2010 IPCE in my first attempt.
I studied for a period of 60 days in a systematic way and managed to cover all 7 subjects in a comprehensive manner. In fact I was too lazy and stubborn to study for more time than that. Actually I believe that laziness is an underestimated superpower with which you can achieve your goals in the easiest and the shortest possible manner.
All I believe that in the study period you should keep yourself happy, motivated, and full of enthusiasm of getting to learn something new everyday and not get bogged by the sheer extent of this voluminous IPCC. And it is absolutely okay if you ,once in a while, daydream about passing the exams with flying colors. Cause everything takes place twice, and the first place is inside your head . To do something ,you first have to think about doing it.
I opted for self study for I frankly believe that spoon feeding done by the coaching classes diminish our ability to analyse, interpret, and most importantly think in an intellectual way.(It is like to constantly allow someone else bombard our brain with their interpretation of the ca topics and in the process killing our creativity and imagination).
My study plan was to study for a minimum of 10 hours from day one.(I know it is much more easy to type this than to actually do it). I also managed to watch 2 episode of 'friends' and 'two and a half men' each everyday.(It may sound lame but this is my way of rewarding myself for 5 two hour study session everyday).Also in the morning, I went for a walk for 15 minutes daily to some fresh O2.And it is very very important to get atleast 7-8 hours of sleep per day.
My schedule was as follows:
A/c = 9days*10hrs=90hrs
Costing=6days*10hrs=60hrs
FM=6days*10hrs=60hrs
Income Tax=10days*10 hrs=100hrs
ST,VAT=2days*10hrs=20hrs
Adv a/c=9days*10hrs=90hrs
Law=7days*10hrs=70hrs
Audit=6days*10hrs=60hrs
IT=3days*10hrs=30 hrs
SM=2days*10hrs=20hrs
You can study these subjects in any order. Preferably study the subject of the first exam in the end. I am not saying that this is a foolproof schedule but all I know that it worked for me. The books used and the marks obtained by me are as follows:
A/c (57 marks) - Padhuka+Rawat
Costing and FM (52marks)- Padhuka
Law(47 marks)- Munish Bhandari
Taxation(63 marks)- Manoharan for Income tax and ICAI module for st,vat
Group 1 total= 219marks
Adv A/c(62marks)- Padhukas
Audit(60marks)- Surbhi Bansal
IT and SM(49 marks) - ICAI Compilation for IT and padhukas for SM
Group 2 total= 171 marks
Grand total = 390 marks
The most important thing to remember is that the value(cost) of even a single day can be as much as six months(that is only if you don't pass).So try to study as hard as possible in this time frame of sixty days and don't waste even a single day for any reason. And since I managed to pass my November 2010 IPCC by following the above mentioned schedule, then i sincerely believe that any other person on the face of this earth will also be able to pass their forthcoming IPCC/PCC examinations.
Before starting to write the exam, while seated in the exam hall, DO NOT engage yourself in chit chat and DO breathing for atleast 10 minutes to keep your mind cool. In all the exams try to attempt between 90-100 marks. Dont waste your time reading the paper when you get it. Just attack the first question and read the rest only when you get to them.
Also if you like reading books,I would suggest you to read some general self help books like The secret, Think and grow rich, Zen and the art of happiness, The law of attraction etc which play an important part in increasing our self confidence and instill a sound belief in us that anything is achievable if we sincerely believe that it can be achieved.
Also even before you pass your exams, gather information about the ca final course, the subjects, refreshers to be bought etc.Also visualize the day of the results everyday just before sleeping and after waking up in grand detail.(Think about you passing the IPCE, yours parents are happy, you sharing the good news with your friends etc) In short, even before you actually pass your IPCC, at least on some level you should already be a CA Final student.
All the very best to every IPCC/PCC student in his/her forthcoming examination
My other achievements
CBSE 10th - 89%
CBSE12th - 91%
If anyone needs any help, feel free to mail me at pai.abhijit.pai@gmail.com
Sunday, 1 January 2012
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