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TOP COURSES TO DO AFTER CA

TOP CA COURSES TO DO AFTER CA

 

Introduction

The world of finance and accounting offers a myriad of career opportunities, and a Chartered Accountant (CA) is in a unique position to explore these paths. In addition to traditional roles, CAs can specialize further by acquiring additional qualifications. This blog explores some of the top career avenues for CAs and the additional qualifications that can elevate their professional journey.

Investment Banking – A Top-Trending Career

To embark on a career in Investment Banking, consider short-term training in two fundamental skills: Financial Modeling and Valuation. Key profiles include Valuation Analyst, Investment Banking Analyst, and M&A Analyst. Employers like JP Morgan, Goldman Sachs, and Morgan Stanley offer enticing opportunities, with starting salaries ranging from 9 to 10 lakhs per annum.

CFA (Chartered Financial Analyst)

Combining a CA qualification with a CFA designation broadens your financial expertise and enhances your international recognition. Opportunities in Portfolio Management, Equity Research, and Valuations await, with employers such as Goldman Sachs, JP Morgan, and Deloitte. Salaries for CA+CFA professionals average between 8 and 12 lakhs.

LLB (Bachelors of Law)

Earning an LLB degree provides CAs with a strong grasp of legal language, granting them an edge in drafting appeals and presenting cases. Specializations include Civil Law, Corporate Law, Labor Law, and more. Salaries start from 70,000 to 1,00,000 per month.

FRM (Financial Risk Manager)

The globally recognized FRM designation is ideal for managing risk in banking, insurance, or consulting. Employers like ICBC and Deloitte seek FRM professionals, with starting salaries around 7-8 lakhs. Roles include Risk Manager and Credit Manager.

CS (Company Secretary)

Many CA subjects overlap with the CS curriculum, making it a valuable addition. CA+CS professionals have increased prospects in areas like Taxation, Audit, and Corporate Law. Salaries for Company Secretaries range from 6 to 7 lakhs.

CPA (Certified Public Accountant)

Similar to CA, CPA is the American equivalent. It's essential for practicing as a Public Accountant in the US. CAs with a CPA degree can work in assurance services, forensic accounting, tax planning, and more, with average salaries ranging from 8 to 10 lakhs.

ACCA (Association of Chartered Certified Accountants)

ACCA offers exemptions for several CA papers. The qualification opens doors to roles in assurance services, forensic accounting, and more, with an average salary between 8 to 10 lakhs. It also provides global opportunities.

MBA

Combining a CA qualification with an MBA degree can lead to a high-flying corporate career. Salaries for CA+MBA professionals range from 10 to 15 lakhs. Pursuing an MBA from a reputed institute can yield even higher returns.

Conclusion

Chartered Accountants are in high demand, not just in traditional roles but also in a wide range of specialized careers. Additional qualifications can open up new avenues and increase earning potential. Whether you're interested in finance, law, risk management, or business administration, there's a path that suits your aspirations. Invest in your professional growth, and the financial world will reward you with abundant opportunities.

 

 

 

Author

CA CPA Vinod Kumar Agarwal

Founder - A.S.Foundation CA Coaching Classes, Pune

AIR 2nd, 4th & 24th in Foundation, Inter & Final respectively. 

20+ Years of Rich Teaching Experience in CA Coaching

India's No#1 Faculty for FR / SFM / Accounts / FM Eco.

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TOP COURSES TO DO AFTER CA
REASONS WHY MOST OF THE STUDENTS FAIL IN CA EXAM

REASONS WHY MOST OF THE STUDENTS FAIL IN CA EXAM

 

It's imperative to recognize that pursuing the Chartered Accountancy (CA) designation is no ordinary educational journey. The path to becoming a CA is known for its challenging exams, where success is far from guaranteed. Aspiring CAs must understand that there are no shortcuts to success – only diligence, determination, and patience will ultimately pay off. Furthermore, as one progresses through the levels of CA examinations, the difficulty level intensifies.

After the exam results are announced, we witness a spectrum of emotions. There are the jubilant faces of candidates who've conquered the tests, their hard work bearing fruit as they eagerly embark on promising careers. Conversely, there are those disheartened individuals who couldn't clear the exams. The reality is that pass rates for these professional exams are notoriously low, leaving only a handful of candidates celebrating success, while many face the harsh label of "failed."

What's interesting is that a substantial proportion of CA exam candidates have demonstrated outstanding academic records throughout their education. Therefore, when they confront failure, they are often deeply affected, grappling with demotivation and even depression.

A student's success or failure in these exams hinges on various factors, all of which deserve careful consideration. These factors include study approach, attention to detail, punctuality in attending classes, exam preparation methods, test-taking strategies, note-taking skills, learning methods, self-confidence, and involvement in study-related extracurricular activities. These elements play a pivotal role in determining success and the grades achieved in CA exams. It is crucial to adhere to these fundamental study principles to avoid further failures and ensure success.

Here are some common pitfalls that students must avoid to increase their chances of success in CA exams:

1. Inadequate Planning and Time Management Skills

Many students embark on their CA journey without a clear commitment to their own career. Enrolling in a course simply because friends are doing so is not a wise decision. To succeed in CA exams, serious dedication is paramount. This often means sacrificing non-essential activities like social gatherings, parties, and other distractions.

Effective time management is essential in creating a study schedule that allows you to thoroughly cover all subjects. Rather than starting with the first chapter of a textbook, it's wise to plan your subjects, gauge your interests, and grasp the overall structure and significance of the book. Leaving no chapter unattended is vital.

2. Wrong Choice of Study Materials and Neglect of ICAI Resources

Choosing the right study materials is crucial. Students should use the materials recommended by their coaching teachers while not neglecting the resources provided by the Institute of Chartered Accountants of India (ICAI), such as study materials, practice manuals, RTPs, and MTPs. These resources help students understand how the Institute phrases questions and expects answers.

The ICAI study material is often considered the holy grail for CA students. Reading this material thoroughly is essential, with other reference books coming into play, particularly for theory subjects.

3. Neglect of Proper Answer Writing

Many students consider rough work sufficient for practice, but this approach is flawed. Practicing as if you are taking the final exam is essential. This habit ensures that you maintain speed and accuracy during practice sessions.

Students often tick answers in textbooks, which is different from writing out complete answers in the exam. It's crucial to practice writing full answers in your notebooks.

4. Inadequate Time Allocation for Revision

A robust revision plan is irreplaceable. Without a doubt, a proper revision plan is one of the most crucial aspects of CA exam preparation. It ensures that you retain and reinforce the knowledge you've acquired.

5. Underestimating Theory in Practical Papers

Theory is sometimes given less emphasis in practical subjects, which is a mistake. Adequate preparation for theory in practical subjects is equally important. To address this, create notes based on frequently asked theory questions from scanners or the study material.

These are some of the primary reasons why CA students fail to clear their exams despite working diligently. However, they aren't the sole culprits.

In addition to these factors, there are other fundamental reasons that contribute to poor performance in exams:

6. Overemphasis on Crafting the Perfect Study Plan and Timetable

There's no one-size-fits-all study plan that suits every student. Each student has unique strengths, weaknesses, and capabilities. Plan your study regimen based on your individual assessments.

7. Dilemmas About Attempting Single Group or Both Groups

The choice between attempting a single group or both groups depends on your preparation, time availability, and your ability to handle the workload. Seek advice if you must, but remember that you are the best judge of your capabilities.

8. Poor Presentation Skills

Presentation skills matter in CA exams. Rank holders often attribute their success to superior writing skills. Work on your presentation skills, as effective communication is essential.

9. Accepting Unsolicited Advice

Many CA students accept advice from peers without considering the source's expertise. Avoid taking advice from non-experts, as it can be more distracting than helpful.

10. Lack of Self-Awareness and Assessment

Relying solely on coaching classes without developing your own assessment and analytical skills can hinder your progress. Understand the examination pattern and plan your preparation accordingly.

11. Listening to Motivation without Implementation

CA students often listen to motivation from various sources but fail to translate that motivation into action. Implement the advice and guidance you receive.

12. Failing to Analyze Mistakes

Failure is not arbitrary; it happens for a reason. Each failure provides an opportunity to learn and grow. Analyze your failures to gain wisdom and improve.

13. Succumbing to Stress, Panic, and Depression

Look at your failure objectively and stay strong. It takes courage to overcome the frustration of a failed exam. Understand that a single failure doesn't define your entire life.

In conclusion, while CA exams are undoubtedly challenging, success comes to those who dedicate themselves wholeheartedly. Earning the prestigious CA designation requires unwavering commitment, proper planning, and consistent effort. Many students falter because they neglect these fundamental principles. Avoid these pitfalls and give your best effort, and you'll be on your way to achieving your dream career. CA is a highly esteemed qualification that is worth every ounce of effort you invest.

Remember that many students don't put in the required level of hard work, leading to demotivation and lost time. By avoiding these mistakes and giving your all, you can clear the exams and set yourself on the path to a successful career.

 

Author

CA CPA Vinod Kumar Agarwal

Founder - A.S.Foundation CA Coaching Classes, Pune

AIR 2nd, 4th & 24th in Foundation, Inter & Final respectively. 

20+ Years of Rich Teaching Experience in CA Coaching

India's No#1 Faculty for FR / SFM / Accounts / FM Eco.

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REASONS WHY MOST OF THE STUDENTS FAIL IN CA EXAM
EFFECTIVE TIPS TO CLEAR IN FIRST ATTEMPT

 

EFFECTIVE TIPS TO CLEAR CA IN FIRST ATTEMPT

 

Expand Your Study Horizons

Approaching your CA exams is akin to navigating an expansive sea. It's crucial not to fall into the trap of selective studying. Instead, commit to thoroughly exploring every topic within the entire syllabus.

Revise, Revise, and Revise

Regular revision is the key to cementing your understanding of the material. Ensure your concepts are crystal clear. Aim to revise the entire syllabus at least two or three times before facing the examinations. Additionally, solving previous years' question papers is a valuable practice.

Take a Break from Social Media

In the age of constant connectivity, it's essential to disconnect from the online world temporarily. Use the internet exclusively for your studies and avoid wasting time on social media. Turn off notifications and hide social media apps during your study sessions.

Commit to a Minimum of 14 Hours of Effective Study Per Day

Success in CA exams demands a significant investment of time. Dedicate a minimum of 14 hours each day to sincere, focused study. This commitment ensures that you have adequate time to cover all the necessary topics and allows for revision and mock tests.

Craft a Daily Schedule

A well-structured study schedule is vital for success. Give equal weight to all the subjects and topics within your syllabus. Create a customized timetable that incorporates mock tests and practice of previous years' papers.

Tackle Theory Subjects Methodically

Theory subjects can be particularly daunting due to their extensive content. Regularly revisit and revise theory subjects to stay on top of the vast amount of information they encompass.

Create Your Own Study Notes

Attempting to cover the entire syllabus in a single day is an unattainable feat. Crafting your own study notes is an invaluable strategy for facilitating quick and efficient revision. Short notes summarizing important concepts are a helpful resource for prompt review.

Polish Your Presentation Skills

Presentation skills play a pivotal role in CA exams. Work on enhancing the quality of your answers, ensuring clarity and conciseness. Improving your handwriting can also contribute to a better presentation. Regularly practice from Suggested Answers, RTP (Revision Test Papers), and MTP (Mock Test Papers) to refine your exam technique.

Stay Positive and Take Care of Your Well-being

CA exams place substantial demands on your mental and emotional well-being. Incorporate yoga, exercise, and meditation into your daily routine to manage stress. Prioritize a balanced diet and ensure you get sufficient rest for peak performance.

On Exam Day

During the exam, remember that you don't have to answer every question to pass. Focus your efforts on the questions you are most confident about. Avoid dedicating excessive time to a single question. After a brief break, shift your focus to the next exam. It's a fresh opportunity and a new day.

Aim for Excellence and Recognition

"Ordinary" and "extraordinary" are separated by that little word "extra." To achieve success in your CA exams, go the extra mile. Cultivate a passion for recognition and accomplishment. Put in extra effort, extra focus, and infuse every aspect of your preparation with that extra dedication. If you are ready to commit to the "extra," achieving a rank is well within your reach.

In summary, the path to success in CA exams is a rigorous one. Avoid the pitfalls of selective studying, stay committed to thorough revision, and maintain a disciplined schedule. Your dedication to excellence, along with your focus on well-being, will ultimately pave the way for your achievements.

 

Author

CA CPA Vinod Kumar Agarwal

Founder - A.S.Foundation CA Coaching Classes, Pune

AIR 2nd, 4th & 24th in Foundation, Inter & Final respectively. 

20+ Years of Rich Teaching Experience in CA Coaching

India's No#1 Faculty for FR / SFM / Accounts / FM Eco.

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EFFECTIVE TIPS TO CLEAR IN FIRST ATTEMPT
HOW TO SCORE 80+ in CA FINAL SFM EXAM

 

HOW TO SCORE 80+ in CA FINAL SFM EXAM

By CA, CPA Vinod Kumar Agarwal

IS SFM AS A TOUGH SUBJECT ?

  • Many students consider SFM as a tough subject to handle and score,
  • SFM can be managed easily with good score in exam.
  • This is not the case.

HOW SHOULD ONE PREPARE FOR CA FINAL SFM EXAM

  • I would like would like to give some guidance on CA final SFM Paper based on my experience.

ABOUT THE SFM SUBJECT

 image

 HOW TO PREPARE?

 

 

 

 

 

 


 

 

 

 

 

 

CONCEPTS BUILDING

 

SIZE OF THE SYLLABUS

 

STUDY 

MATERIAL

 

STRATEGY

  • Subject is more on concepts.
  • Vast syllabus becomes quite manageable if you build strong understanding of concepts rather simply solving problems.

 

 

  • It is quite vast.
  • A thorough understanding of the prescribed topics is enough for success in the exam

 

 

  • Study material (ICAI)
  • Suggested Answers
  • RTP/MTP
  • Good class notes
  • Reference material

 

 

  • SFM is not only about Derivatives, Portfolio &Forex.
  • Lot of small topics which are easier and can be prepared with 100% accuracy in short span of time.
  • Score 40-50 marks with full accuracy.

 

 

 

 

 HOW TO STUDY THEORY:-

image

 

SOURCES OF PREPARATION/BOOKS TO BE REFERRED:

  • Materials
  • Study Materials / Class notes
  • Practice Manual
  • Revision Test papers (to extent available)
  • Suggested answers (to extent available)
  • Mock Test Papers (at least for two terms)

 HOW TO GET 80 +

  • Prepare Theory on daily basis.
  • Make your own formulae book.
  • Practice solving a good number of questions on each topic (SM, PM, RTP, Suggested answers, MTP, notes, Reference Book).
  • Try to solve each problem on your own.
  • Don’t refer to solution from your notebook or any where else.
  • Use proper format for presentation.
  • Adequate Working Notes in supporting to your answers. 
  • State the assumption clearly.
  • Avoid overwriting. Strike off and write again. 
  • If there is a question for which you do know the answer but do not have the time to write it fully, write a synopsis for the answer. 

OTHER KEY POINTS

  1. SFM, the question paper is purely practical. Therefore, you have to practice solving a good number of questions on each topic. 
  2. Try to solve each problem on your own (by yourself), in spite of just auditing the solution from notebook or study material. So, do practice on regular basis. Don’t refer to solution from your notebook or any where else.

 

 

  1. Go through each and every topic thoroughly and understand conceptual points supporting each topic.
  2. Try to solve as many questions as you can and also go through Practice Manual, Revision test papers, Suggested answers, Mock Test papers. (to the extent possible and available).
  3. You should test your preparation by attempting some previous exam paper, revisions test papers, mock test papers under ultimate exam condition or environment. Later on check the result of your effort and make necessary correction/modification to your study preparations.
  4. I personally recommend you to attempt Revision test papers, Suggested answers, Mock test papers at least one in a day. You will find variety of questions and you will never get disappointed in exam hall.
  5. Always leave left hand page for showing workings, assumptions and notes. Workings are a must for the answer to be valid and should be fairly elaborate. Present them parallel to the question concerned. Use last page of the booklet for rough work.
  6. You are advised to practice such numerical questions which cover the technical points, formulas and adjustments of entire chapters.
  7. Before answering any question you need to make a rough solution in your mind and then go accordingly. No need to make hurry in papers like SFM as one mistake may spoil your entire efforts. In SFM you won’t get amendments very frequently, so no need to worry about amendments etc.

Æ  Believe me, if you would study in this way, would be able to secure good marks in the 

   subject.

Æ  I sincerely believe that the suggestions mentioned above would be of some help in SFM 

             preparation.

 

 

 

 

 

HOW TO SCORE 80+ in CA FINAL SFM EXAM
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