BEING A
CHARTERED
ACCOUNTANCY STUDENT.
Confused about your career? Making a better choice would be worth? How long will it take to regard you as a settled person? Will it be easy? Is my decision right or wrong? Will I regret in future? My efforts will pay back?
You are right. All these questions revolve in your mind as soon as you pass your senior secondary examination. Outside different colleges there are plenty of people like you who want to do as many graduation courses like B.com, B.A., etc. There is variety of options around you. Accordingly, to your hobbies or your passion you choose the best alternative. Basically enjoying college life is one’s dream. After school you are pretty excited about it. New friends, new life, exposure, new place and new clothes especially for girls.
WHY CA?
Why a person would end up his college life and will lock himself in a room? Why a person will study for all the 24 hours? Why a person will give all the difficult exams? You haven’t heard from your neighbour that CA is quite difficult? Or from your friends that “BRO IT ISN’T YOUR THING, ARE YOU MAD?” Or from google about the results of CA examinations.
Well, to all the people sitting out there this all is a complete myth. CA is no difficult. Difficulty is in your mind, not in your course. You are courageous enough to do anything in this world. You have that will power inside you. You have the spirit to take this world to a different level. All you need is to follow your heart and trust the process.
About CA:
There are different levels. This is an overview-
1. Pass CPT examination.
2. Pass IPCC examination.
3. Do Articleship training for 3 years.
4. Pass FINAL examination.
This course is basically of 5 years. It may vary depending upon the number of your attempts.
CA is the most respectful course in India. Only 20% of the population is CA. If you are doing CA, feel proud! You are among those 20% people. At present there is need for ten crore job per year and we are able to produce only one lakh. So you are the backbone of your country. The Society needs you. India needs you in order to count itself in well developed nations. You are the need of millions and billions of people. Companies like TATA, WIPRO, RELIANCE, ONGC, INFOSYS need you. I am telling you this thing with surety and experience that if you say you are doing CA. This is enough in order to gain respect in someone eyes.
Do something different, something beyond limits and your life will take you to a place where everything will look small. Everyday you just have to say one thing -“I AM THE GREATEST PERSON EVER BORN ON THIS PLANET. I CAN AND I WILL DO ANYTHING I WANT TO.”
For becoming a successful chartered accountant you do not have to lock yourself in a room with all your books, no need to switch off your mobile phone or television, no need to cut off your every relation. All you need to do “FOCUS.”
All you need is TIME MANAGEMENT. All you need is COURAGE. All you need is REGULARITY. People lack most of these things and that is the main reason why most of them fail.
Now the question is how to overcome these situations?
As a human-being, we tend to have mood-swings. There would be times when you would be happy, sad, frustrated or low. Everyone is.
Sometimes you don’t want to study but you are tensed and stressed about your syllabus that hasn’t been covered yet. Your syllabus haunts you. It will only haunt you when you take all this as a burden. Take is as an opportunity to learn something new.
HOW TO CONTROL YOUR MOOD?
The basic problem with us is that we don’t know how to sort our problems.
Confused about your career? Making a better choice would be worth? How long will it take to regard you as a settled person? Will it be easy? Is my decision right or wrong? Will I regret in future? My efforts will pay back?
You are right. All these questions revolve in your mind as soon as you pass your senior secondary examination. Outside different colleges there are plenty of people like you who want to do as many graduation courses like B.com, B.A., etc. There is variety of options around you. Accordingly, to your hobbies or your passion you choose the best alternative. Basically enjoying college life is one’s dream. After school you are pretty excited about it. New friends, new life, exposure, new place and new clothes especially for girls.
WHY CA?
Why a person would end up his college life and will lock himself in a room? Why a person will study for all the 24 hours? Why a person will give all the difficult exams? You haven’t heard from your neighbour that CA is quite difficult? Or from your friends that “BRO IT ISN’T YOUR THING, ARE YOU MAD?” Or from google about the results of CA examinations.
Well, to all the people sitting out there this all is a complete myth. CA is no difficult. Difficulty is in your mind, not in your course. You are courageous enough to do anything in this world. You have that will power inside you. You have the spirit to take this world to a different level. All you need is to follow your heart and trust the process.
About CA:
There are different levels. This is an overview-
1. Pass CPT examination.
2. Pass IPCC examination.
3. Do Articleship training for 3 years.
4. Pass FINAL examination.
This course is basically of 5 years. It may vary depending upon the number of your attempts.
CA is the most respectful course in India. Only 20% of the population is CA. If you are doing CA, feel proud! You are among those 20% people. At present there is need for ten crore job per year and we are able to produce only one lakh. So you are the backbone of your country. The Society needs you. India needs you in order to count itself in well developed nations. You are the need of millions and billions of people. Companies like TATA, WIPRO, RELIANCE, ONGC, INFOSYS need you. I am telling you this thing with surety and experience that if you say you are doing CA. This is enough in order to gain respect in someone eyes.
Do something different, something beyond limits and your life will take you to a place where everything will look small. Everyday you just have to say one thing -“I AM THE GREATEST PERSON EVER BORN ON THIS PLANET. I CAN AND I WILL DO ANYTHING I WANT TO.”
For becoming a successful chartered accountant you do not have to lock yourself in a room with all your books, no need to switch off your mobile phone or television, no need to cut off your every relation. All you need to do “FOCUS.”
All you need is TIME MANAGEMENT. All you need is COURAGE. All you need is REGULARITY. People lack most of these things and that is the main reason why most of them fail.
Now the question is how to overcome these situations?
As a human-being, we tend to have mood-swings. There would be times when you would be happy, sad, frustrated or low. Everyone is.
Sometimes you don’t want to study but you are tensed and stressed about your syllabus that hasn’t been covered yet. Your syllabus haunts you. It will only haunt you when you take all this as a burden. Take is as an opportunity to learn something new.
HOW TO CONTROL YOUR MOOD?
The basic problem with us is that we don’t know how to sort our problems.
If we are having a problem at home, we think
“Today it is not a good day to study.” If we are having problem in our
relationship your mood gets changed. This all is no doubt important. Your
family is important and so are your friends. Nothing is wrong. The thing is we
shift our mood towards distractions. And that affects our studies. Face reality
as it is. Accept what you cannot change. See things as they are. Know your
priorities, know your worth. CA is waiting to put itself in front your name.
What’s your name? Say, Prateek. “CA
PRATEEK” isn’t that good? It surely is.
Here are some points to have a control on your mood swings:
* Do not get too much involved in studies.
* Take short breaks.
* Do something that makes you happy.
For example: poetry, calligraphy, badminton, rides, exploring whatever may be.
*Keep your mind busy.
*Don’t sit idle.
*Don’t be on bed all the time.
*Spend time with your family or friends.
*Sleep at least for 8 hours a day
*Eat healthy and have all your meals on time. Remember a healthy mind lies in a healthy body.
*Stay away from negative thoughts and the people who let you down.
*Stop making excuses.
*Develop your thought process to recognize what’s right and what is wrong.
*Try to make yourself as a multi-tasking person.
*Believe in yourself.
What if a negative thought or some other distractions are letting your confidence down?
Understand this basic fact- “No one knows you better than your own self.”
Everybody has its own opinion and way of taking things seriously in life. God gave you shoes in which you fit well. Maybe it is your time to be serious and not theirs yet. Let your inner worth speak. If somebody is letting you down. Stay silent. Go to your room work even harder than before. Let your success speak. Stay away from all the negative vibes. Surround yourself with positivity. Control your anger. I know it is easy to say but it is not even that hard to apply. So stand up and show everyone. You are no less. Stop telling people what you feel. Rather talk to someone close. Someone who can understand you or is able to walk into your shoes. Someone who would not misguide you. Yes, the best option is talk to your parents about it if you are having any misconception about any concept of life. They will guide you no matter what. All you need is to just stay silent at that moment, figure things out and work on them later. In this cut throat era, no one is here to sit with you and listen to you. The day you will understand this. This game called life will be in your hands. You would be choosing opportunities and not the opportunities choosing you.
You have everything you need inside you. Take it out. Show the world. “YOU CAN”
HOW TO STUDY?
Now as you know about your interest, hobbies and passion. You have decided that you want to become a chartered accountant and you want to see yourself working for or with the best firm in future. So now the question is what to study and how to study?
Make a plan. Without a plan you would never be able to succeed. A plan is needed in order to make a right move at a right time.
Know your subjects. At CPT level there is reduced stress burden as maximum of the things you have already studied in +2. You will now get knowledge about accountancy in depth with a mix of law. Economics and mathematics are complementary. Although you have to give exams of all four of these. But your main focus should be on accounts and law. Because, it is going to be continued in your IPCC exams as well. According to new amendment English is also added at your entrance level. This is easy again. For people who were from Hindi medium. Do not worry. Make up your mind and learn something new. This is no more difficult. It is better to do law early morning as it is a theory subject. Like around 5 am to 6:15 am. It should be followed by accounts till 8 am. Then go to your coaching if any. Read economics around 7 am. Again good time for a theory subject. After your dinner study mathematics. As it’s a practical subject and it won’t make you feel bored.
At IPCC level obviously the level of your study increases you have 9 subjects. Your accounts and law becomes wider. You will now be familiar with the concepts of cost accounting, taxation, auditing, information technology and much more. However if you are giving both groups separately then your stress burden is somehow reduced. As in first group there are 5 subjects and in second group there are 4 subjects. Second group is way easier than the first one. So it is recommended to give both the groups. But if you feel this as a burden better go separately for both the groups.
Studies pattern is same. As on IPCC level the depth of your subject is far more as compared to CPT. Therefore, it is better to practice 2 subjects at a time.
Better mix accountancy with law because you have practiced that at your CPT level) and taxation with cost and fm.
Do theory early morning and at IPCC level it is very important to complete your work regularly. Otherwise you will regret before your exams. Again theory timings are 5am to 6:15 am and 7pm to 8:30 pm. In between you can choose any practical subject. Whichever you like.
Then at your Articleship training you would be practicing all this book knowledge in a practical process. Trust me it’s a great experience.
After your Articleship, your FINAL LEVEL will be damn easy for sure.
WORK UPON CONCEPTS AND NOT ON WHAT’S WRITTEN IN THE BOOK.
Do not intend to gain bookish knowledge instead dive inside the concept. The more you will clear your concepts the more you will be able to your Articleship properly. CA is all about concepts. It has wide variety of concepts. Taxation, law, audit has a wide range of sections. So read them properly. Do not cram things. It is fine to read less. But read with proper understanding of the law. Don’t be in a hurry to wind up your syllabus soon. Instead work hard upon your concepts and then go through a final revision. It will build confidence inside you.
DO’s and DONT’s:
DO’s:
1. Work regularly.
2. Concentrate in your classes.
3. Complete your assignments on time.
4. Eat healthy
5.Get sufficient sleep
6. Just remember your parents have expectations from you.
DONT’s:
1. do not waste your time.
2. Don’t think about negativity.
3. Do not skip theory.
4. Clear your mind. Making money is not everything but to make you a better person is surely the best thing.
5. Avoid your distractions.
6. Do not take long breaks.
In the end I would like to say that this is all about time management. An average student can become a brilliant CA. all you need is focus. You don’t have to be extraordinary. Appreciate little things in life. And you will be having everything soon. The good is about to come. Just don’t pay attention to fears. They are the biggest distraction in your path. So as I already said, you are the greatest being ever born on this planet. Your parents gave you a name. “Give your name an identity.”
Goodluck.
Here are some points to have a control on your mood swings:
* Do not get too much involved in studies.
* Take short breaks.
* Do something that makes you happy.
For example: poetry, calligraphy, badminton, rides, exploring whatever may be.
*Keep your mind busy.
*Don’t sit idle.
*Don’t be on bed all the time.
*Spend time with your family or friends.
*Sleep at least for 8 hours a day
*Eat healthy and have all your meals on time. Remember a healthy mind lies in a healthy body.
*Stay away from negative thoughts and the people who let you down.
*Stop making excuses.
*Develop your thought process to recognize what’s right and what is wrong.
*Try to make yourself as a multi-tasking person.
*Believe in yourself.
What if a negative thought or some other distractions are letting your confidence down?
Understand this basic fact- “No one knows you better than your own self.”
Everybody has its own opinion and way of taking things seriously in life. God gave you shoes in which you fit well. Maybe it is your time to be serious and not theirs yet. Let your inner worth speak. If somebody is letting you down. Stay silent. Go to your room work even harder than before. Let your success speak. Stay away from all the negative vibes. Surround yourself with positivity. Control your anger. I know it is easy to say but it is not even that hard to apply. So stand up and show everyone. You are no less. Stop telling people what you feel. Rather talk to someone close. Someone who can understand you or is able to walk into your shoes. Someone who would not misguide you. Yes, the best option is talk to your parents about it if you are having any misconception about any concept of life. They will guide you no matter what. All you need is to just stay silent at that moment, figure things out and work on them later. In this cut throat era, no one is here to sit with you and listen to you. The day you will understand this. This game called life will be in your hands. You would be choosing opportunities and not the opportunities choosing you.
You have everything you need inside you. Take it out. Show the world. “YOU CAN”
HOW TO STUDY?
Now as you know about your interest, hobbies and passion. You have decided that you want to become a chartered accountant and you want to see yourself working for or with the best firm in future. So now the question is what to study and how to study?
Make a plan. Without a plan you would never be able to succeed. A plan is needed in order to make a right move at a right time.
Know your subjects. At CPT level there is reduced stress burden as maximum of the things you have already studied in +2. You will now get knowledge about accountancy in depth with a mix of law. Economics and mathematics are complementary. Although you have to give exams of all four of these. But your main focus should be on accounts and law. Because, it is going to be continued in your IPCC exams as well. According to new amendment English is also added at your entrance level. This is easy again. For people who were from Hindi medium. Do not worry. Make up your mind and learn something new. This is no more difficult. It is better to do law early morning as it is a theory subject. Like around 5 am to 6:15 am. It should be followed by accounts till 8 am. Then go to your coaching if any. Read economics around 7 am. Again good time for a theory subject. After your dinner study mathematics. As it’s a practical subject and it won’t make you feel bored.
At IPCC level obviously the level of your study increases you have 9 subjects. Your accounts and law becomes wider. You will now be familiar with the concepts of cost accounting, taxation, auditing, information technology and much more. However if you are giving both groups separately then your stress burden is somehow reduced. As in first group there are 5 subjects and in second group there are 4 subjects. Second group is way easier than the first one. So it is recommended to give both the groups. But if you feel this as a burden better go separately for both the groups.
Studies pattern is same. As on IPCC level the depth of your subject is far more as compared to CPT. Therefore, it is better to practice 2 subjects at a time.
Better mix accountancy with law because you have practiced that at your CPT level) and taxation with cost and fm.
Do theory early morning and at IPCC level it is very important to complete your work regularly. Otherwise you will regret before your exams. Again theory timings are 5am to 6:15 am and 7pm to 8:30 pm. In between you can choose any practical subject. Whichever you like.
Then at your Articleship training you would be practicing all this book knowledge in a practical process. Trust me it’s a great experience.
After your Articleship, your FINAL LEVEL will be damn easy for sure.
WORK UPON CONCEPTS AND NOT ON WHAT’S WRITTEN IN THE BOOK.
Do not intend to gain bookish knowledge instead dive inside the concept. The more you will clear your concepts the more you will be able to your Articleship properly. CA is all about concepts. It has wide variety of concepts. Taxation, law, audit has a wide range of sections. So read them properly. Do not cram things. It is fine to read less. But read with proper understanding of the law. Don’t be in a hurry to wind up your syllabus soon. Instead work hard upon your concepts and then go through a final revision. It will build confidence inside you.
DO’s and DONT’s:
DO’s:
1. Work regularly.
2. Concentrate in your classes.
3. Complete your assignments on time.
4. Eat healthy
5.Get sufficient sleep
6. Just remember your parents have expectations from you.
DONT’s:
1. do not waste your time.
2. Don’t think about negativity.
3. Do not skip theory.
4. Clear your mind. Making money is not everything but to make you a better person is surely the best thing.
5. Avoid your distractions.
6. Do not take long breaks.
In the end I would like to say that this is all about time management. An average student can become a brilliant CA. all you need is focus. You don’t have to be extraordinary. Appreciate little things in life. And you will be having everything soon. The good is about to come. Just don’t pay attention to fears. They are the biggest distraction in your path. So as I already said, you are the greatest being ever born on this planet. Your parents gave you a name. “Give your name an identity.”
Goodluck.
BY: CA Ishita Choudhry
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