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What Next after CA-CPT?

By Aniket Vyavahare |
256 Views (0)

Finally, you have crossed the first hurdle to your success path.  Now, it’s time to focus on the next big thing – ‘Goal-IPCC’. Most of us must be thinking, ‘What to do next… will we start with IPCC preparations immediately or will we wait till our graduation first year exams are done’?

CA experts at CAPrep18 suggest CA aspirants to first think and then execute. The first thing required is to get yourself registered with ICAI for CA-IPCC Level Examinations. The details of the same can be browsed through the link provided below.

Registration Form: https://www.icai.org/new_post.html?post_id=721&c_id=120

After you have registered for IPCC (Integrated Professional Competency Course), it is time to plan your studies. The first thing to do even before you start with the actual studies is to understand the course content and dedicate your time and focus only on IPCC for a fixed time period.

According to ICAI, IPCC Exams from 2017 onwards will be tougher. This does not mean that it would be hard to crack them, but yes, you need effective preparation to gain complete conceptual understanding of the subject.

Effective preparation demands dedicated time, and for this, free yourselves from all your other academic concerns. In case your final examinations for first-year graduation or second semester are approaching, prepare well for them and go for them. This will ensure that you are stress-free and set to achieve your big goal – ‘Goal-IPCC’.

A well-framed study plan ensures that a student clears the CA-IPCC exam in his/her first attempt. Whatever be the target either Group 1/Group 2 individually or both groups, it requires planning and execution. This is what differentiates a student who clears IPCC in the first attempt and even scores a rank from the others who fail to crack even after studying over days and nights.

Study Plan – Important Points

- Self-study of at least 4 hours while undergoing coaching

- During preparatory days and weekends, study for at least 12 hours a day

- Keep yourself updated with the latest amendments and notifications applicable

- Learn to manage time so that studies are not compromised at any cost

- Disconnect yourself from social media and television during study hours

- Develop a positive mental attitude

- Study reference material supplied by ICAI including practice manuals and previous year papers to have an idea about the exam pattern

- Quote relevant sections and governing laws wherever possible, but only if you are sure about them

- Refer to the RTPs published by ICAI

- Before your examination, do go for one complete study and at least 2 revisions. This will familiarise you fully with the concepts you have studied

Time Schedule

(i)                 Initially with Coaching:

Time Slot

Things to Do

Morning (any 2 hours)

Auditing and IT/SM- M/W/F

Law and Taxation- T/T/S/S

Evening (any 2 hours)

Accounting- M/W/F

Advanced Accounting- T/T

Cost/FM- S/S


(ii)               Comprehensive Stud

Time Slot

Things to Do

06:00−08:00 hours

Law, Ethics and Communication

09:00−12:00 hours

Accounting (M/W/F/S) and

Advanced Accountancy (T/T/S)

13:30−17:30 hours

Costing/FM- M/W/F/S and

Taxation- T/T/S

18:00−20:00 hours

Auditing

21:00−22:30 hours

IT/SM


(iii)             Revision-1

Days Allotted - 30 Days

Time Slot

Things to Do

06:00−07:30 hours

Law, Ethics and Communication

08:30−10:30 hours

Accounting

10:30−12:30 hours

Taxation

13:00−15:00 hours

Cost + FM

15:30−17:00 hours

Auditing

17:30−20:30 hours

Advanced Accounting

21:00−22:30 hours

IT/SM

 (iv)             Revision-2

Days Allotted - 15 Days

Extra things to focus on: Revision Test Papers by ICAI, Practice Manuals and Previous Year Papers

Time Slot

Things to Do

12–14 hours of study a day

Focus on all subjects according to the need with special focus on practising weaker sections and latest amendments or changes made applicable for the current year.

We hope this article will help you prepare well for your IPCC exams and help you get closer to your goal of becoming an accomplished chartered accountant.

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