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What is your strategy in clearing the CA Final exam and getting a high rank?This is the average marks of the Top 3 Rankers in all the attemps of CA Finals in each subject. (Download Excel Sheet here)Getting a 70% will easily fetch you a Top 10 Rank. So aim for that. If you see the Average marks of each subject (Highlighted in Blue), You’ll get a fair idea that you can should score 80 Marks in Cost, Just 60 Marks in Audit and 70 Marks in rest of the subjects to score a RANK.Getting anything above 62% can ensure you a Rank in the Top 50.Plan in Advance. Till your exam leave of 4 months, make sure you are done with Tution of all your 5 practical subjects, atleast 1 theory subjects, aim for revising your course thrice during those 4 months.It depends on the stage you are at, right now. The strategy has to be completely different from that of IPCC or CPT.CA Final is a 3 year long sprint as opposed to the 2 months CPT or a 9 months long IPCC race. Here you got to manage College, Tuition & your Office, all at the same time.Amit Kumar Agrawal's answer to Which subject should be selected first for CA final coaching during articleship?1st year - Either focus on your articleships, or take up some other course along with CA, or just explore your interests & hobbies. Complete 1/2 tuitions, that’s enough.2nd year - This year is the most crucial for your preparation, make sure you take up 3–4 practical subject’s coaching here and be regular in them.3rd year - First 4 months - If you’ve decided to prepare of any subjects yourself, place them here in this 6 months slot. Mostly, tuition for Theory subjects like ISCA, Audit & Law doesn’t yield much benefit, you can do them yourself in this slot.3rd year - Study Leave of 4 months - This is the period which is going to decide whether you are capable of clearing the exams in the first shot.If you’re aiming for a rank then aim for slogging in at least 10 hours daily for this 4 months.Make sure you don’t have any tuition lined up in this 4 months. Save this slot for studying your Theory subjects and revising of Practical stuff.Aim to complete the entire syllabus atleast twice. Just to give you an idea, the contents of DT & IDT Combined in CA Final are more than all the subjects of IPCC. The second revision is more important than the first. Don’t get anxious if you don’t remember a bit of what you read when you open your books again for the second reading. Happens to almost everyone. Spent most time of your first reading in preparing for notes & clearing concepts rather than mugging up facts. Save all that mugging up for the second reading.CA Final requires Hard work more than Intelligence, so remain motivated to follow your routine for such a long stretch.There are certain things, I experimented on. I hope it helps:Grade the Important Questions when you read them in the First Revision. (Easy-Important-Do it again) - Completely cross the Easiest ones out, so that you won’t have to study them again for the second reading. Mark the important ones that you need to review even on the day of the exams.Reduce Hand Written Notes and focus more on the Text already given. Amit Kumar Agrawal's answer to How do I prepare notes for CA course subjects like ITSM and ISCA?Memorize stuff, the smart way using :Anki-The flashcard app, - Forget about forgettingMemory Palace - To learn sequenceMind Maps - To make connections.
What kind of preparation is needed for securing a rank in CA final?I am a Chartered Accountant with AIR in both IPCC and CA final. So I guess I can pretty much answer this question. Let us start with what is the criteria to appear in merit merit list of ICAI (or be a rankholder in simple words). ICAI recognizes meritorious candidates in Intermediate (IPC) and CA Final examination, by ranking them on the basis of the aggregate marks obtained by them in both the groups, on an all India basis, subject to his/her having secured a minimum of 55 percent marks, in one sitting without availing of any exemptions. There is no practice of declaring any candidate as having secured a rank beyond 50 in Intermediate (IPC) or CA Final Examination.Source: The Institute of Chartered Accountants of India By above definition you need to fulfill following criteria to get a rank:Clear both groups at a time; Secure minimum 55% marks; and Get your score among top 50 scores to fulfilling above criteria. So those of you who are planning to write you exams group by group or targeting that magical number of 50% are out of the race. Anything discussed below does not apply to you. Now we are left with just one more condition (the toughest one :P). For this you need to outshine other people who are writing the exam. To put this in perspective this is a comparative testing (like CAT score). Being good may or may not work, you have to be better than other people. To be better than others you need to ask one question to yourself over and over again, ie, is this the way any average student will study. If answer comes yes then you need to prepare better, put more sweat in it and make yourself better than an average student. Mind you! An average student here is one who is giving both groups and targeting a score above 55%. Now how do you beat that 'average student'?? You do not even know who all are appearing for exam and what is their intellect level. Definition of 'average student' changes with every attempt. I got a rank with 64% in IPCC and many of my juniors didn't got even with 73%. You can never know what will be 'average' in your attempt. Below are few tips that, if followed religiously, can ensure that you meet the third condition irrespective of how intelligent an 'average student' is: Give your best: Make sure that when you are done with the studies you can tell yourself with full confidence that you have given your 100%. Any 99.99% is not acceptable. Remember you have to outshine other people and there are no excuses in competition. No selective studies: Do not ditch any topic or any sub topic. Everything that you leave becomes super important for the exams. Do not be so overwhelmed by consolidation that you loose focus of valuation and accounting standards. Do not be so amazed by standard costing that you leave costing theory (which came for 30 marks in Nov 2012). Plan better: Spend first 30 mins of your study leaves planning the study pattern and allocate time to each subject and each revision taking adequate buffer for any contingencies. With no prior studies and target of three revisions this is what my study plan looked like when I started studies for CA final (123 days available). Keep your health intact: To give 8 grilling exams in a row you need hell lot of stamina and you do not want to fall sick during the exams and waste all your efforts. Dedicate 1 hour everyday to exercise, eat least possible junk, take 7 hours of sleep everyday. These are three thumb rules to keep your health intact while you study. However you can deviate from this during the exams as that's the last lap of marathon and its OK to fall sick AFTER your IDT exam. No coaching in last 4 months: Make sure you dedicate last 4 months fully to self studies. Coaching are the biggest time wasters and time is the thing that you will need the most. On how coaching are time wasters please read my answer on Can I become a CA without coaching? Conceptualize, revise & memorize: Remember... you goal is to get good marks in exams and you need to do what is required for it. Try to CONCEPTUALIZE everything in your mind. If you cannot do it in first go then REVISE. Still not happening.. simply MEMORIZE it. Please understand that there is a trade off between these three options. Conceptualization takes maximum time when you do it for the first time and least when you are approaching you exams, whereas, memorizing takes same time throughout the study plan. You have to choose carefully while preparing. Study study study: You are pursuing one of the toughest course in the world. You got to study very hard and keep aside all social obligations for 4 months of study time. Hope it helps you to study better for your finals. Good Luck!