How to Make a Realistic Study Plan for CA Exams

Feb 23 , 2021

“A goal without a plan is just a wish.” Becoming a Chartered Accountant is the ultimate goal of every CA aspirant. The goal isn’t difficult if you have a viable study plan and an effective exam preparation strategy.

Without a custom study plan, it is next to impossible to successfully prepare for CA exams. To assist you with your preparation, we have come up with a realistic plan worth following to crack the challenging CA examinations.

It is important to note that there is no single study plan that applies to all, therefore the plan must be developed keeping in mind your current preparation status and the goal you want to achieve.

In this blog, we have made sample study plans for Foundation, Intermediate, and Final exam preparations. You can take a clue from these plans and implement them according to your convenience.

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Study Plan for CA Foundation

Assuming that you are appearing for the Foundation exam for the first time in May, here are a few pointers that will help you during your exam preparation:

  • You should schedule your preparation in such a way that by the end of March or by the 1st week of April you should be able to complete your classes. Along with your classes, make sure you also complete your first-revision for better retention of topics and syllabus.
  • While preparing, you can try studying two subjects on Monday, Wednesday, & Friday and the other two subjects on Tuesday, Thursday, and Saturday. Subjects should be a mixture of Theory and Practicals e.g Mathematics & Economics and Laws & Accountancy. In this way, you will be able to focus on all the subjects equally.
  • You should give extra time to Law and Mathematics Statistics.
  • Make sure to devote at least 4-5 hours for  your classes, and 3-4 hours for self- study. It is always a good idea to practice RTPs, MTPs, and past year papers for efficient preparation.

By following these pointers you should be able to thoroughly prepare, revise and ace the Foundation exam.

In case you are lacking confidence and motivation for exam preparation, read: How to Stay Motivated for CA Preparation?

Study Plan for CA Intermediate

Here we will talk about the sample study plan when appearing for both the Inter groups together. Generally, a student gets the benefit of set-off and gets eligibility for rank by appearing for both groups. We are assuming that you have passed the Foundation exam and will appear for the Intermediate exam in November. If you start your studies from February till October, you get 9 months to prepare for the exams. Let’s have a look at the study plan for these 9 months.

  • Your initial 3.5 months should be fully devoted to the Group 1 preparation. While preparing, you should attend the classes, make notes, and highlight the important points/topics. Similarly, the next 2.5 months should be dedicated to Group 2 preparation with the same strategy of attending classes, making notes, and highlighting important topics.
  • It is natural for human beings to forget. The next 2 months should be spent on revising each subject. Make sure you revise every single topic and prepare brief notes.

Last one month should be utilized wisely for self-evaluation. Practice solving RTPs, MTPs, and past year papers for a better understanding of your areas of strengths and weaknesses. Self-testing will provide you the feel of the exam and will make you fully confident to take up your exam.

Study Plan for CA Final

It is important to note that the minimum eligibility criteria to appear in CA Final examination is to clear CA Intermediate exam with a minimum 50% aggregate percentage along with 40% marks in each subject. There is no direct entry method for CA Final examination; the students must clear the examination along with a minimum of 3 years of articleship training. 

If a student appears for both groups of CA Final together then he/she should keep in mind the below-mentioned points:

  • Most candidates start studying after their leave starts. Since most candidates don’t clear the exams, it’s best to avoid their approach. If you’ve decided to appear for CA Final, start studying right now. You need to make sure that you’re able to revise the subjects as often as you can. 
  • If you are working for a company, or still studying for your graduation, you might not get a lot of time before you apply for a long leave. In such cases, it is still a better idea to study for an hour a day instead of waiting for your leave. Once the exams are close, you can catch up speed and start studying more.
  • Practice solving RTPs, MTPs, and past year papers. Besides that, give appropriate time for revising all you have already studied.

Also read: CA Final Preparation: How to Manage Studies with Articleship

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