Reasons for Your Failure in IPCC Exams

reasons for failure in ipcc exams

Institute of Chartered Accountants of India has declared the result for CA IPCC 28th January 2018, Sunday. Many students reached to the next stage but thousands of students could not crack this exam. Failure does not mean that you have not work hard to become a Chartered Accountant.

 

We have already discussed common reasons of facing failure During ICAI Examinations(you should read it once.) which cover reasons behind failure in ICAI exams. Here we there are going to discuss some aspects which can be the reason behind your failure in CA IPCC and will  let you know what you really need to focus.

 

There are some common  mistakes which most of the students fail to avoid while preparing for the IPCC examinations -

 

Ignore the ICAI Material

 

This is a big blunder which most of the students do i.e. ignoring the ICAI study material. At the CA IPCC level you should not have a complete faith on the reference books. ICAI provides a vast material at the IPCC level which includes Study Material, Practice Manual, RTP’s, MTP’s, Suggested answers etc. Reading from the reference books is well and good but until you don’t practice the question such reading will not be useful. So, practice as many questions as you can from the practice manual or attempt the Mock Test Papers.

 

Poor Presentation

 

Presentation in CA Exams is as important as writing correct answers and most of the students could not clear this exam because of the poor presentation. Presentation is a part of your syllabus and until you focus on it ICAI will not let you crack this exam. So, observe the presentation of answers from the practice manual or the suggested answers provided by the ICAI.

In the subjects like Taxation, Law and Audit start your answer with the evaluation of the question and then mention provision relating to it and end your answer with the conclusion along with the related case law illustrating the answer.

 

Working Notes

 

Practical subjects like Accounts, Cost, Financial Management, Advance Accounting, Taxation etc require working notes beside the answer. Working Notes are always part of your answer and even assumptions taken to solve the question should also be a part of Working Notes.

 

Mentioning wrong sections

 

A common mistake done by plenty of the students is mentioning wrong section number or incorrect case law in the answer. Subjects like law, Audit and Taxation requires to explain the provisions before you conclude the answer along with sections. Often it has seen that students get confused in the exam among section number and writes wrong section number.

 

This should not be done as it leaves a negative impression on the examiner and chances of losing marks is far more than gaining it.

 

Do not focus on Keywords

 

Some of the subjects like Audit, Law, IT, SM etc required to mention key words in the answers. You can frame your own language but the keywords should be same like in Audit “True and Fair View” which should not be replaced by correct opinion or anything else. The students have frequently seen to committed such mistake.  So, it is advisable not to repeat again.

 

Lack of Revision

 

Course at the IPCC level is very vast and it’s almost impossible to revise the entire course just before the exam. Before appearing in exam there must be atleast three times revision of the full course. Revision should be done on a timely basis like a day in a week or an hour in a day. Course must be completed a month before the exam and last month should be allocated only for revision and practicing papers.

 

Not practising Mock Test Papers

 

Time Management in CA Exams is an important aspect as the papers are always lengthy so practice the IPCC Mock Test Papers at home is important.  You can analyse your mistake as well as manage your time in exam.

 

These are few mistakes which students generally avoid to prepare during the exams. Hard work is important and there is no substitute of such hard work but smart work is as important as hard work.

Hence you should plan your studies smartly so that next time you will also be a CA Finalist.

Find out how you should prepare for CA IPCC May 2018 to get good marks

Leave a Reply