A Quick Guide for 1.5 Days Plan!1
CA Aditya Dongre
Chartered Accountant | ACCA | Ex-CRISIL | Startup, Strategy & Finance | DeFi | Content Writer|
You don't get success without hard work, But smart work can make it easy:)
As promised I am giving you all the article, on how to plan for the 1.5 days before exams.
This is especially for CA Final preparation
Even if you have diligently studied in your 4-5 months of study leave, if you fail to prepare for that 1.5 days, you preparing to fail in your CA Final!!
Now the biggest Q is how to prepare for the 1.5 days??
What should be the approach?
What all should we follow?
Listing down all the points as per respective subject!
?? 1. Financial Reporting.
? In the case of FR, prior written practice is extremely important. So assuming you have done the practice before, you are supposed to mark the " Universal" Question type from each concept or chapter as such!
? Now what does Universal Question mean?
It's the Question that will give you an overview of all the concepts of that specific topic. Mark all such questions and make a list of such QUESTIONS!
? As FR is the first paper, it's advisable to give at least 5 days for the last revision.
You should divide the chapter into 5 days as per the difficulty level.
For example, Ind AS 115, and Ind AS 116 are a bit conceptual chapters. So cover them in the middle of 5 days timetable, most probably on the 3rd Day!
Use this methodology for all the chapters.
?? 2. Strategic Financial Management.
? Now you are done with one of the most important papers of CA Final - FR
Now gearing up for the next masterpiece paper ie SFM.
In SFM, we will follow the same formula as FR for important questions.
You need to identify "Universal Questions" for the last day's practice and prepare a list of the same.
? When you come back from your first paper, start with some simpler chapters, which won't put a lot of pressure on your mind or cover the chapters which will cover major marks in lesser time
For example Security Valuation and Portfolio Management - these chapters cover approx 20-25 marks of the paper
? keep the theory chapter for the 3rd day, ie "Exam day" - that will help you with retention.
?? 3. Audit
? This subject is one of the most difficult subjects to cover in 1.5 days after Direct Tax
? You need to plan your days very efficiently!
You should have figured out prior, which study material you will follow - I will suggest referring icai material
? Try to cover
? Professional Ethics
? Company Audit
? CARO 20
? LLP audit
? Consolidated FS &
? Liability of Auditor
On the very day after the SFM exam, this will give you a lead over others!
?? 4. Law
? If you are referring to some revision videos or notes, then don't change them in these 1.5 days!
Find some or make your short revision notes to help you in this 1.5 days
? Once you are back from Audit
Try to cover-
? Appointment & Qualification of directors
? Meeting of Board and its powers
? Appointment & Remuneration of Managerial Personnel.
-Immediately after the Audit paper.
? Next day, ie that after the Audit paper, first in the morning cover topics like
- IBC
- inspection Inquiry
- Compromise and Amalgamation
- Prevention of Oppression and Mismanagement.
- Prevention of Money Laundering &
- FEMA
This will secure your 60 marks in the morning itself!
?? 5. SCMPE
? I have already shared a post on this
I will attach the link here -
? If you have any further queries, reach out to me. I can guide you properly as it's my area of expertise!
?? 6. Elective Subject
? As the approach for each elective Subject is different and it's very difficult to cover all subjects here, I will give you some general tips
? Be well versed with the books you are going to carry in the exam hall, as it's an open book test
? Prepare an extremely detailed Index or a mapping table
? Don't forget to carry Recent "MOCK TEST" papers with their answers.
?? 7. Direct Tax
? This is the Bahubali Subject of the CA Final
You will have a lot of pressure to complete the syllabus in the given time.
# You will need to start with speed from the beginning, once you come back from your Elective paper.
I under the paper was of 4 hours, you must be exhausted, but no option, you need to fight if you wish to win!
? Once you reach back
Cover the following topic first and immediately!
? Tax Rates
? Capital Gain
? Income from other sources
? Amalgamation/ Demerger
? Dividend
? Liquidation
? Buy Back
? Political Party+ Electrol Trust
? Next day in the morning, Start with PGBP and then the Internal Taxation entire part.
? I agree it's very difficult to cover the entire syllabus in 1.5 days, but you can touch on all the topics before the exam!
Even that can assure you a positive result!
?? 8. Indirect Tax
? Congratulations! You are about to complete the battle called as CA Final
Just the last step to go.
? There can be 2 approaches for IDT
After coming from the exam, you can try to complete 90% of the Custom part of IDT
OR
Complete the first module of IDT within 0.5 days.
You can select which you feel comfortable with.
Don't solve any kind of Qs on your last day unless you complete your entire syllabus.
?? This was a short guide to face 1.5 days before each paper!
If you have any questions regarding this, can DM?? me.
If you are still unable to figure out how to go with it, I can help you prepare a custom 1.5-day plan for you.??
But it will be a charged?? service.
But don't worry about the money, I understand how much a CA Article earns.
I was one of you, hardly used to get 1500 per month.
So definitely it will be within your budget.??
Regards??
CA Aditya Dongre??