So, you have cleared CPT. What NEXT?
Celebrate. Pour in the celebrations!
You deserve it totally. You have cleared the entrance exam of one of the toughest course across. So take pride in that and PARTYYYY HARD!!
So, once you have partied hard enough, take out time for another realization that in next 9 months you have another hurdle to cross – THE CA INTERMEDIATE Exam which is the 2nd level exam of the Chartered Accountancy Course.
CA INTERMEDIATE DEMANDS ATTENTION -
It does. Attention from day 1 (other than the day of your party). It entails in depth preparation & efforts from students. The elephant like syllabus which is huge to finish and learn, needs to be covered up gradually, step by step. There are many subjects which are like a complete new island and it takes good amount of time to comprehend them.
As such, it is much advisable that a student should start preparing for the CA INTER real fast as soon as the result comes without wasting any time. Take up 2 subjects at a time. Preferably, 1 theory & 1 practical.
You will have roughly 9 months to prepare. So, try to finish up your course in the 7 months & keep the last 2 months for super revision. You will need it as you will start forgetting this immense course as it is huge.
Also, whenever you are preparing, make sure you are having enough written practice in both theory & practical subjects. The more you write, the more confident you are, the more exam ready you are.
CA Inter is a subjective exam
The CA Inter Exam is for 800 marks and is divided into 2 groups. Each group has 4 subjects making in all 8 subjects. Each subject exam is conducted on separate days usually with a gap of one day in each exam. Following are the groups & subjects in each group –
- Paper-1: Accounting (100 Marks)
- Paper-2: Corporate Laws & Other Laws (100 Marks)
- Part I: Company Law (60 Marks)
- Part II: Other Laws (40 Marks)
- Paper-3: Cost and Management Accounting (100 Marks)
- Paper-4: Taxation (100 Marks)
- Section A: Income-Tax Law (60 Marks)
- Section B: Indirect Taxes (40 Marks)
- Paper-5: Advanced Accounting (100 Marks)
- Paper-6: Auditing and Assurance (100 Marks)
- Paper-7: Enterprise Information Systems & Strategic Management (100 Marks)
- Section A: Enterprise Information Systems (50 Marks)
- Section B: Strategic Management (50 Marks)
- Paper-8: Financial Management & Economics for Finance (100 Marks)
- Section A: Financial Management (60 Marks)
- Section B: Economics for Finance (40 Marks)
A candidate aiming for the CA Inter Exam has an option to appear the exam group wise. If he wishes, he can appear for both the groups of CA Inter together or each group separately in different examinations. However, if a candidate is aiming for a rank in the CA Inter Exam, he should appear for both the groups together and not separately.
Students need to get a minimum of 40% marks in each subject and a minimum of 50 %marks in average in the complete one group of the CA Intermediate Exam. As such both the conditions should be satisfied for you to succeed the CA Intermediate Exam, 40% in every individual subject and 50% overall level. Please note that the overall 50% criteria is group wise. It is not for both the groups combined. In each group, the candidate should be able to score at least 50% marks overall and 40% marks in individual subject.
As such CA INTERMEDIATE demands sheer dedication, hard work & perseverance to be put in from day 2 (DAY 1 was for PARTY!)
So, lets get started for CA Inter Preparation Now.