4 Months Preparation Strategy For CA FINAL GROUP 1 - May 2023

Want to achieve good marks in CA Final? Well, then, this is the right platform for you.

CA Final exams are never easy. It is one of the toughest exams and students need to undertake a more strategic and structured approach in order to realize their dream of adding the prefix of "CA" to their names. The exams commences from the first week of May, which leaves us approximately 4 months to prepare for the exams.?

As you know, CA Final Group 1 includes four subjects:

Financial Reporting

Strategic Financial Management

Corporate & Economic Law

Advanced Auditing & Professional Ethics

In which the former two subjects (FR & SFM) are practical and latter (Law & Audit) are theoretical.

Group 1 Preparation Strategy :

We would advise you to study 1 Theory paper and 1 Practical paper at a time. Furthermore, divide the period from Dec to April into 4 parts. The plan for each of the 4 phases are explained below:

DEC 23 - JAN 23 Plan:

It is always preferred to choose 2 Subjects together so that it keeps you going with your preparations and don't bore you with one subject. 30 days (mid-Dec to mid-Jan) is enough for 2 subjects to be thoroughly practiced or memorized by any student, provided you don't have any office commitments. Try to complete at least 60-70% of the subjects by mid-Jan with proper written Practice.

Chapter wise test series will helps you a lot to take a good command on concepts

Just Remember?"ONLY KNOWLEDGE IS NOT ENOUGH TO CRACK CHARTERED ACCOUNTANCY EXPRESSION OF KNOWLEDGE IS EQUALLY IMPORTANT"

Our Suggestion :?

Start with FR and Audit - As on one hand, FR needs in depth study and written practice, whereas on the other, audit is considered to be a relatively light subject but scoring. So, these two subjects require special attention from the students.?

"For FR, It is strongly advisable to practice all the different types of sums in FR and note down the topics in which you are facing problems at a separate place for your future preparations."

"For Audit, it is advised to memorize and write down the headings for all the answers and give a special attention to Standards of Auditing as the paper has good questions from this part."

Mid Jan - mid Feb 2023 Plan:

Now you can pick up the other 2 Subjects (SFM & Law) together so that you can complete your full syllabus by the mid of Feb. Follow the same procedure for these two subjects as well and try to complete 60-70% of the subjects by mid-Aug.

Mid Feb- March 2023 Plan:

In this period, you can easily complete the rest?30-40% of all subjects. Once, you have completed the full syllabus of all the subjects in a decent manner by the end of March, you will feel confident of scoring good marks in your Final examinations.?

APRIL 2023 Plan [Last Half Month before Exams]:-

Firstly, Practice your Critical Topics Which are Important for exams too. It is not advisable to leave any topic for exams as each topic carries a weightage of 10-14%, which can't be ignored.

A thorough revision of all the topics and preparation of notes for Exam Day Revision. Exam Day Revision is the most crucial part of CA Finals, as it is utmost important to revise or give a bird's eye view to almost all the topics one day before the exams.

It is advisable to prepare one page notes for each topic which is sufficient for you to refer one day before exams instead of referring bulky books on the exam day.

Now, just one day left for your examination make sure to just go through the important points and have a good sleep!

Important Points to note :

Always write and practice.

Learn Point Heading and write.

Try for Mock Exams by ICAI and Empires Test Series

Solve MCQ'S By Law and Audit [30 marks each]

Use Mnemonics Technique to Memorise Headings (Law & Audit)

Make sure to make notes & mark all your doubts while watching the lectures.

Follow this schedule, then you might score exemption [60+] in Law & Audit as this time, we have 30 Marks MCQ, giving students the potential to score full marks in the MCQs Portion.?

Moreover, You can get in touch with our experts (Mobile – +91 78145 28240, 83071 00512)

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All The Best!

Regards

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