CA which is an abbreviation of Chartered Accountant is a dream course for every Commerce Student. Almost every student who opts for commerce stream dr
CA which is an abbreviation of Chartered Accountant is a dream course for every Commerce Student. Almost every student who opts for commerce stream dreams of becoming a CA. It is a highly rated profession in our country and a continuously growing field. This profession offers great opportunities and a good pay scale. But all the opportunities and salary packages depend upon the knowledge you have and the number of attempts you take to clear this exam.
If you are a CA aspirant, are about to make an entry into this course and willing to clear all its level in the first attempt this article is for you. Read this article till the end to know what it takes to become a CA in First Attempt and all the perks associated with it.
What it Takes to be a CA
Once you become a CA, you will get ample opportunities knocking at your doorsteps. But you will have to toil really hard to make a way for all those opportunities come and knock your door. This a rewarding but a highly demanding career. You will be required to devote at least four years of your life to the preparation of this course. You will have to work extremely hard to cover the vast syllabus of each of its level. Judge your potential then only go for it.
Different Stages of the CA Course
Chartered Accountancy involves primary three levels.
- CA Foundation
- CA Intermediate
- CA Final
With each stage, the level of this course increases, and it becomes difficult with every subsequent stage. But if you are determined and ready to devote yourself you will be able to clear each of its stage in the first attempt.
Why Clear CA in First Attempt
Though there are no restrictions on the number of attempts you clear this exam. But with every attempt you fail, you lose your chance of becoming a successful CA and diminish the scope of opportunities you were about to get if you had cleared this exam in the first attempt. Companies while recruiting CA’s prefer candidates who have cleared all the levels in a single attempt or those who are rankers. The packages offered also depend upon the number of attempts taken by an individual to clear this exam. So, now you must have realized the importance of clearing this exam in the first attempt.
How to Clear CA in First Attempt.
Starting with CA foundation, which is an entry-level exam of this course. The syllabus of CA Foundation is similar to that of your class 11th and 12th, if you have decided to become a CA while opting for commerce stream it is better to start its preparation in the 11th class itself. As you are starting early and there is no rush, so devote at least an hour of your day for preparation of this exam, make your base strong, analyse past year papers which will give you the idea of the kind of questions that will be asked in the exam and that will make you exam ready. Once you are done with your 12th boards you will get an approximate period of 2 months before appearing in CA Foundation exam, as you started the preparation early, these two months will we more than enough for you to revise the entire course, and hence you can be sure of passing it in the first attempt itself.
Once you have appeared for CA Foundation, without wasting any time you must start your preparation of CA intermediate for which you get approximately 9 months of the study period. This Exam consists of 2 groups, each group consist of 4 papers, you can appear for either 1 group at a time or for both the groups simultaneously. This completely depends upon your level of preparation. If you are not sure of appearing in both the groups simultaneously, appear for one than for other.
Once you qualify either one or both the groups you can register for Practical training under a practicing CA. The practical training is for a period of 3 years. These three years are going to be hectic for you because you will be required to attend regular office and with that, you will have to manage your studies and CA Final Coaching Institute also (just in case you want to join for CA Final preparation).During your articleship days, any how to try to allot 2 hours for self-study and do not procrastinate & do it religiously. Try to cover your entire course for both the groups of CA Final in your articleship period itself as after approximately 2.5 yrs of your articleship you will be eligible to appear in CA Final. For which students usually get around 4 months of preparation leave from their office. If you have completed the entire course in your articleship time period these four months of leave will be enough for you to revise your entire course at least 3 times.
In the end, I would like to conclude that clearing CA Exam in the first attempt is no big deal, the only thing is you should be determined and ready for all the hard work it takes to clear this exam, and I am sure you will clear it in first attempt itself.