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Many times students ask me this question. What is the biggest challenge for a CA Student? I use to smile and reply “CA is itself a challenge”. Every step in CA is a challenge starting from CA Foundation to CA Final.
The things which make the CA course tough are its vast syllabus, in-depth knowledge of every subject, duration, and of course some facepalm moments that every CA student has to face while completing this course.
But doesn’t matter how long you took to complete this course. Once, you become a Chartered Accountant nobody will come and ask you how many attempts it took to become CA?
CA is not like Medical and Engineering courses where once you get cleared in the entrance test, surely you will get the MBBS or B.Tech degree. Everybody knows that entry in CA is far easy as a comparison to clear the whole course.
The whole syllabus of Chartered Accountancy is divided into four parts –
CA Foundation is an entrance test in the Chartered Accountancy course which has replaced CPT. The CA Foundation syllabus is divided into four subjects two of which are objective based and two are subjective based. The entrance test CA Foundation test the basic knowledge which you have gained in your senior secondary classes. The CA Foundation result (entrance test) generally lies between 30%-35%.
Check all the details of CA Foundation Coaching provided by the VSI institute.
First Challenge – CA Intermediate
The challenge starts after clearing the entrance test where students have to appear in CA Intermediate which has replaced CA IPCC. The complete syllabus of CA Intermediate is divided into 8 subjects and 2 groups. This level tests your intelligence which is a crucial part to become a CA.
The result of CA IPCC generally lies up to 10%. 10% is from that 30% who cleared CPT.
Most of the students have to go through the number of attempts in clearing CA IPCC.
Second Challenge – Articleship Training
After clearing either one or both groups of CA Intermediate, a student can get themselves register for 3 years of articleship training and this is the beginning where CA Student step into the practical world.
Here he has to face all the challenges which train him for the future after becoming a CA. Some people and ICAI refer to the articleship period as the golden period but according to me, this is the toughest time where CA Student have to sweat. This is the time where a CA Student has to work for a stipend which is lower than the salary of the office boy. The more you sweat in your training period the less you have to struggle after becoming CA.
Also Read: Eligibility Criteria for CA Intermediate
I have also seen some students pursuing dummy articleship but trust me this is the biggest mistake for which they’ll have to regret. Doesn’t matter how many attempts you take to complete this course but once you become Chartered Accountant, nobody would dare to say “You don’t deserve to be a Chartered Accountant”.
Must Check: CA Articleship Registration
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Biggest Challenge of CA Final
After a hard work and patience of 2.5 years here, you will have to face the biggest challenge of this course where all your 5 years invested in the CA Course will be tested. The final level tests your intelligence. Knowledge, memory, hard work and expects you to be a full-fledged Chartered Accountant. It also tests your knowledge gained during practical work exposure.
Students can appear in Final level after completing 2.5 years of Articleship training and clearing both groups of CA IPCC/ CA Intermediate. The result of CA Final generally lies between 8%-10%. 80% students get three or more attempts at this level.
Also Read: How to Get Rank in CA Final Examination
They take attempts not because they do not work hard but because they lose focus on their studies. 3 years articleship period is enough time which can deviate any student from studies. Candidates use to get more interest in work rather than studies. Also, it’s hardly impossible to cover the entire syllabus of the CA Final in just 6 months of preparation leave.
The only solution to this problem is regular with your studies during your articleship. Most of the students use to make complain that we do not get time from the office, how could we manage studies with the office. Then remember, you choose CA, CA does not choose you. You have to work hard until you achieve your goal. You have to manage your time because being a Chartered Accountant is your dream, your parents dream not anyone else. So, go for it.
How to Overcome the Challenges
Here are some of the tips to overcome the Challenges. CA candidates must know how to manage their time for the CA preparations, what CA institute they should join and many more. So let’s focus on how to overcome the big challenges faced by the CA candidates.
- The first and the foremost thing that every CA candidate must do is that they should join the best CA coaching institute. It is very important to choose the best CA institute which provides complete guidance for the CA preparations.
- CA courses are very vast for all three levels. So candidates must manage their time very appropriate for every subject.
- One of the other big challenges CA candidates face is that they do not study daily. To crack the CA exams it is very important to study daily.
- CA candidates should do self-evaluation by solving practice papers and revision papers.
- Candidates should divide their syllabus into small parts, and try to complete the small topics on a daily basis.
- CA candidates should attempt ICAI mock tests which will help CA candidates to assess themselves.
- CA candidates should stay focused on their goals.
- CA candidates should make a study time table and must strictly follow the time table.
- To overcome the challenges, CA candidates must avoid using social media.
- Lastly, to overcome the challenges, CA candidates are advised to stay healthy and positive.
Frequently Asked Questions
Q1. From where students can download the CA syllabus?
Ans: Students can download the CA syllabus from the official website of ICAI.
Q2. If a student wants to join the CA coaching Classes, then where should they join?
Ans: If candidates want to join the best CA coaching classes then they should definitely go for VSI.
Q3. How to clear the CA exam in the first attempt?
Ans: To clear the CA exam in the first attempt candidates are required to follow some strategies. VSI helps candidates to clear the CA final exam in the first attempt.
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