Last minute tips to crack Chartered Accountant exams
Amongst the lakhs of students who appear in Chartered Accountant (CA) exams ever year, only few are able to crack it. The percentage of students passing the examination is as low as three to four per cent. But if you focus and remain confident like you remained so far, you can achieve your targets.
As you know, the CA exam is divided in three levels — Common Proficiency Test (CPT), Integrated Professional Competence Course (IPCC) and the final examination with almost 30 subjects ranging from accounts, law, tax, audit and computers. CA students read and study almost 12,000 pages. No doubt the exam is one of the toughest examinations across the world.
In India, the exam is conducted by the Institute of Chartered Accountants of India (ICAI) which is the apex body of accounts. CA examinations are held twice a year. While CPT is conducted in June and December, IPCC and CA finals are conducted in May and November every year. With the second round of CA exams of 2016 round the corner, anxiety and at the same time preparedness is high among students as they enter the last lap of preparation.
If cracking every level is prerequisite to sailing through the CA examination, a good score can put your career on track with a sound seat in a reputed firm. With just one month left for the exam season to begin, majority of students have done their bit of preparations by covering the syllabus by and large.
While many are anxious about not being able to complete the question paper on time, many worry about not being able to finish the syllabus. Although, it is too late to start studying afresh, the last days leading to the exam can be utilised to perfect your skills and calm the mind. Follow these tips to utilise the last few days in the best possible way and turn anxiety into confidence:
Studying daily is important:
Studying daily is important in order to crack exam. However, over studying can put unwanted pressure on students. Therefore, it is important to re-plan your daily study timings (minimum three-four hours) and set a target. Identify weak areas or revision areas to be covered in this last lap.
Practice and self evaluation is the key:
It is advisable to use practice questions as a tool for self-evaluation of how prepared you are. Practice also makes one confident for the exam and reduces anxiety. It will help you to review your preparation and the analysis of the tests will help you understand your strengths and weaknesses.
The strengths, weaknesses, opportunities and threats (SWOT) analysis can help you channelise your last minute preparations/revision. At this point of time, you should focus on your strengths and further work upon them, rather than fretting on your weaknesses.
Revision by division:
Every level of CA exam has a huge course. “Revision by division” can be a good strategy. With limited time in hand, it is important to revise the subject by dividing it into modules. Step by step revision shall boost confidence further.
On the actual exam day, your brain may feel like a pressure cooker. Using mock tests is a sure shot strategy by toppers to simulate the examination conditions and ward off unnecessary pressure. This will not only let you test your knowledge but also writing skills and speed which is important to complete the exam within the set time limit and score better.
Keep the virtual world at bay:
The internet is a vast pool of knowledge with information on every subject under the sky. Besides knowledge and information it also offers other leisure options such as entertainment, social networking sites and many others, which, if left unchecked, is a big source of distraction from your studies.
Hence, it is advised to keep internet and online activities at bay during this period. You should channelise your energy to let the mind focus on the syllabus and studies. One easy rule of thumb is to switch off phone notifications and access internet at a fixed time for a fixed duration.
Get good amount of sleep and stay healthy:
Sleep for a minimum six hours every night and avoid sleeping during daytime. Eat healthy, nourishing meals and drink water at regular intervals. Do not eat heavy meals and avoid eating outside in the run up to the exam to prevent any health issue. Mild exercise or morning walk is a good way to keep you alert and energetic. Avoid stressing the mind with unnecessary thoughts. Instead, keep your mind focused and determined.
– This article has been authored by Piyush Agarwal, CEO & Co-Founder, SuperProfs.