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18 November 2019

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Is CA really difficult?

Is CA really difficult?

Last updated on December 3rd, 2019 at 05:16 am

Chartered Accountancy – The fantasy of almost every commerce student! Did you know that this fancy term attracts over 60000 students every year? How many of them actually make it? Only 15%! No wonder CA exams are one of the toughest exams in the world. However, don’t let the statistics freak you out, because there is a lot more you need to know. And, nothing worth achieving comes off easy anyway, because tougher the journey, the tougher you become. So once you embark on this journey, brace yourself to come out as a better person overall.

As you might already know, the whole curriculum is divided into 3 levels of examination – CA Foundation, CA Intermediate and CA Final. Each level is twice as hard as the previous one, while the clearance rate keeps reducing. While 30% of students are able to clear the first level, the percentage drops down to over 4-8% during the second level. Finally, the last percentage is an alarming 3-8%.

A brief description of the course of study-

Company Secretaries are the legal advisors of a company that mainly act as a consultant on matters of administration, finance, accounting and management. Along with these, a CS oversees policies and maintains statutory books. Having a vast knowledge of the corporate laws and administration, a CS provides advice on business and corporate laws. They look after matters related to property and insurance as well, in addition to providing assistance in planning.

CA Foundation Subjects

1. Principles And Practice Of Accounting
2. Business Laws And Business Correspondence
3. Business Mathematics, Logical Reasoning, and Statistics
4. Business Economics And Business & Commercial Knowledge

CA Intermediate Subjects

Group 1

  • Accounting
  • Corporate and Other Laws
  • Cost and Management Accounting
  • Direct tax laws and indirect tax laws

Group 2

  • Advanced Accounting
  • Auditing and Assurance
  • I.T. and Strategic Management
  • Financial Management and Business Economic Environment

CA Final Subjects

Group 1

  • Financial Reporting
  • Strategic Financial Management
  • Advanced Auditing and Ethical Techniques
  • Corporate and Allied Laws

Group 2

  • Advanced Management Accounting
  • Information System Control and Audit
  • Direct tax laws
  • Indirect Tax Laws

What makes CA so difficult?

Here are some of the common challenges and obstacles faced by CA Students. Keeping these in mind and working actively towards eliminating these hindrances could make a lot of difference while chasing your dream career. Check out this comprehensive list of the 8 most common issues faced by CA students and what you could learn from it.

1. Managing Time – One of the biggest problems faced by any CA aspirant is time management. With such a vast syllabus to complete on a limited period, planning your study time and sticking to a proper study routine can make all the difference.

2. Study Material – There are a lot of books available for each and every subject regarding Chartered Accountancy. Therefore, it is easy to get confused regarding what material to stick to. Without proper study material, all the hard work could go to waste.

3. Unsolicited Advice – When you don’t have proper guidance, end up listening to advice from anyone and everyone. In addition to being totally uncalled for, this advice could be improper and based on random gossip. Listening to this kind of advice can impact your performance badly and take you in the wrong direction.

4. Practice – Practice is a must! Not just rough work, but serious practise in the right way is very helpful to attain your desired results. But most students do not understand the miracles practise can do for them. Lack of proper practice can negatively impact your success when it comes to preparing for such an examination.

5. Incorrect writing skills – You might be an expert in all the concepts and you might know how to solve any problem. However, if you do not know how to present your writing in a manner understood and accepted by the examiners, then it could all be of no use. You need to make sure that what you’re conveying is clear and legible. It needs to be understood in the same manner if which you are trying to explain it.

6. Lack of balance – CA aspirants in the final levels, usually get too busy with their articleship training, causing them to lose focus on the exams. It is important to set aside time for studies every day, even during the training — failing to do so will result in you losing touch with the theoretical aspects of the subjects. Most students lack this balance between work and study, making the higher levels of CA seem tougher than it is.

7. Stress Management – With such a vast syllabus to complete in so little time added with pressure and lack of motivation caused by repeated failure, it is common to get stressed out. When stress takes over you, it is challenging to stay on track and do your best. Therefore, managing stress has been a major cause of concern among most CA aspirants, causing them to get burned out and give up eventually.

8. Inadequate analysis of mistakes and improvement – Once you encounter failure, it is important to analyse what caused it and how you can do better the next time. Without this, there is no point in trying again because it often causes a repetition of the same mistakes. Learning from previous mistakes is a necessary aspect that is often overlooked by CA aspirants.

Can these issues be resolved?

Now that we are aware of the most common issues faced by most CA aspirants, how can you eliminate these? With proper guidance and training from a reputed coaching centre, most of these issues can be taken care of. Coaching centres use tried and tested methods based on past experiences and combined skills of a number of faculties. They are updated with the latest syllabus, course materials prescribed by the ICAI and maximum scope to improve motivation due to combined learning. Most importantly, you receive guidance on what your mistakes and weak points are and how you can work towards improving them.

What are the benefits of CA coaching?

1. More effective study environment
In a coaching class, you are highly likely to be in a group of individuals with similar goals and aspirations. In addition, guidance from a trained and dedicated professor will help you stay in focus and give your best.

2. Appropriate learning skills
An experienced and trained teacher will guide you along your journey by providing you with tried and tested learning techniques. These techniques are formed from previously experimented methods with a clear understanding of what works best.

3. Adequate course materials
Reputed coaching centres have a well thought out study material approved by the Indian Institute of Chartered Accountancy. This will save a ton of your time and steer you in the right direction.

4. Flexible teaching methods
A great coaching centre adapts and updates itself with the latest methodologies of teaching such as Group discussions, Brainstorming, Assignments, Personality Development, Seminars, Case Studies and Presentations. This will make studying enjoyable and so much less stressful.

5. Experienced problem-solving techniques
A qualified and experienced faculty provides you with various tricks, tips and steps for solving problems in different subjects. This will help you better manage your problems and reduce stress.

6. Mock tests
Mock tests act as the best way of practising. They enable you to assess yourself to know your weak points and give you an idea of what you need to work on. This also aids you with a better understanding of how to manage your time during your exams.

With 28 years of experience, KVC is one of the top commerce coaching centre in Mangalore. It is a known fact that CA is difficult. But with our knowledge and understanding of the best and easiest techniques, we help make this journey a little easier for you. We mould you and steer you in the direction of your dreams, making it an enjoyable and worthwhile experience for you.

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