Yash Heda from Amravati who stood AIR 3 in CA IPCC, in an exclusive interview with CA. Anurag Singal, founder of www.cajobportal.com
a) A brief story of your CA journey so far and your future dreams
It’s a very nice journey till now. Just looking forward for articleship and definitely it’s going to be great. Short term dreams are just to focus on articleship as it’s a most important part of CA course.
b) How do you propose to pursue your article ship and prepare for CA Finals
I will pursue my articleship in one of the BIG 4 and also CA finals in Mumbai.
c) What were the challenges you faced?
As such I didn’t face any challenges it was quite fun. The only challenge is to motivate you each and every day during this journey. I just suggest having some specific thing which can refresh and motivate you. In my case its music, I listen songs whenever I feel down.
d) Overall approach to the IPCC exam?
Planning is very important part. Plan to revise whole portion at least 4-5times. And prefer to study two subjects simultaneously.
The only key to success is multiple revisions & study 100% don’t leave anything.
I studied in last three months I planned my studies for whole 3 months at start of 3 months.
I completed my first revision on 10 September. After that I planned to revise syllabus 3-4 times in remaining 2 months. In between I attempted for two test series that gave me enough confidence so the main exams were just like normal test.
e) Subject wise strategy for the 8 papers
• Paper – 1: Accounting
Focus on concepts because in exam hall only concept works. Try to SOLVE each problem and not AUDIT.
According to me book of TAXMANN publication of author D G Sharma is the best book for this subject. I didn’t read anything except this.
• Paper – 2: Business Laws, Ethics and Communication
REVISION is the only key to law. Don’t remember too much of sections number only the meaning of provision is required. For ethics and communication study material and practice manual is best thing to refer.
• Paper – 3: Cost Accounting and Financial Management
Again its practical subject only CONCEPTS work in this. Solve problems at your own without looking in solutions. Believe in book you solve.
• Paper – 4: Taxation
Revise all provisions as many times as u can. Do not forget to read all amendments.
For scoring in tax it is must to solve Practice manual. Don’t keep separate time in mugging up section number , its not that much important.
• Paper – 5 : Advanced Accounting
Focus on concepts and solving and not auditing.
According to me book of TAXMANN publication of author D G Sharma is the best book for this subject. I didn’t read anything except this.
• Paper – 6 : Auditing and Assurance
Just study 100% and try to understand the subject its not at all tough . Revise as many times as u can.
• Paper – 7 : Information Technology and Strategic Management
IT is the only subject I found somewhat difficult. Actually I neglected this subject till one month before exams. So I just suggest not to neglect this subject.
SM is interesting subject . Once u understand all things u can write very well. 2-3 revision is sufficient.
f) Useful tips while answering questions during exams
Try to write answer point to point and not to add unnecessary points to make answers long.
Present answers in reasonably good way but do not pay too much attention on presentation.
In theory subjects highlight main points and words in answers and it is preferable to write answers point wise rather than to write in paras.
Remember to keep Watch On Time while writing answers.
g) General advice to examinees
Don’t set marks as a goal just give your 100%.
Give test series so that main exam will seem just like normal test.
2 basic keys for cracking exams are -
1)STUDY 100%
2)REVISE
All the best…….
