Many times, students ask me this question: What is the biggest challenge of CA students? I used to smile and reply, “CA is itself a challenge.” Every step in CA is a challenge, from the CA Foundation to the CA Final.
The CA course is tough because of its vast syllabus, in-depth knowledge of every subject, duration, and, of course, some facepalm moments that every CA student has to face while completing this course.
But it doesn’t matter how long you took to complete this course. Once you become a Chartered Accountant, nobody will come and ask you how many attempts it took to become CA.
Student Who wants to know about the complete details of Chartered Accountant. Check this article CA Kaise Bane to know the full details of the CA Process.
Easy Entrance
CA is not like Medical and Engineering courses, where once you clear the entrance test, you will surely get the MBBS or B.Tech degree. Everybody knows that entry into CA is far easier than clearing the whole course.
The whole syllabus of Chartered Accountancy is divided into four parts –
- CA Foundation
- CA Intermediate
- 3 Years of CA Articleship
- CA Final
CA Foundation is an entrance test in the Chartered Accountancy course which has replaced CPT. The CA Foundation syllabus is divided into four subjects, two of which are objective-based, and two are subjective-based. The entrance test CA Foundation tests the basic knowledge that you have gained in your senior secondary classes. The CA Foundation result (entrance test) generally lies between 30%-35%.
Check all the details of CA Foundation Coaching provided by the VSI Institute.
First Challenge – CA Intermediate
The challenge starts after clearing the CA Foundation Exam when students have to appear in CA Intermediate, which has replaced CA IPCC. The complete syllabus of CA Intermediate is divided into 6 subjects and 2 groups. This level tests your intelligence, which is crucial to becoming a CA.
The CA IPCC result generally lies up to 10%. 10% is from the 30% who cleared CPT. Most of the students have to make several attempts to clear the CA IPCC.
Second Challenge – Articleship Training
After clearing either one or both groups of CA Intermediate, a student can register for three years of articleship training, which is the beginning of the practical world for CA students.
Here, he has to face all the challenges that train him for the future after becoming a CA. Some people and ICAI refer to the articleship period as the golden period, but according to me, this is the toughest time when CA Students have to sweat.
This is the time when a CA Student has to work for a stipend that is lower than the salary of the office boy. The more you sweat in your training period, the less you have to struggle after becoming a CA.
Also Read: Eligibility Criteria for CA Intermediate
I have also seen some students pursuing dummy articleship, but trust me, this is the biggest mistake for which they’ll have to regret. It doesn’t matter how many attempts you take to complete this course, but once you become a Chartered Accountant, nobody would dare to say, “You don’t deserve to be a Chartered Accountant”.
Must Check: CA Articleship Registration
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Biggest Challenge of CA Final
After 2.5 years of hard work and patience, you will have to face the biggest challenge of CA Student, where all your 5 years invested in the CA Course will be tested. The final level tests your intelligence, knowledge, memory, and hard work and expects you to be a full-fledged Chartered Accountant. It also tests your knowledge gained during practical work exposure.
Students can appear at the Final level after completing 2.5 years of Articleship training and clearing both groups of CA IPCC/ CA Intermediate. The result of the CA Final generally lies between 8% % and 10%. 80% of students get three or more attempts at this level.
Also Read: How to Get Rank in CA Final Examination
They make attempts not because they do not work hard but because they lose focus on their studies. 3 three-year articleship period is enough time to deviate any student from their studies. Candidates used to get more interest in work rather than studies. Also, it’s hardly impossible to cover the entire syllabus of the CA Final in just 6 months of preparation leave.
The only solution to this problem is to be regular with your studies during your articleship. Most students used to complain that we do not get time from the office, and how could we manage studies with the office? Then remember, you choose CA; CA does not choose you.
You have to work hard until you achieve your goal. You have to manage your time because being a Chartered Accountant is your dream, your parents’ dream, not anyone else’s. So, go for it.
How to Overcome the Challenges
Here are some tips to overcome the Challenges. CA candidates must know how to manage their time for the CA preparations, what CA institute they should join, and more. So, let’s focus on how to overcome the big challenges faced by CA candidates.
- The first and foremost thing that every CA candidate must do is they should join the best CA coaching institute. It is very important to choose the best CA institute that provides complete guidance for the CA preparations.
- CA courses are very vast at all three levels, so candidates must manage their time very appropriately for every subject.
- One of the other big challenges CA candidates face is not studying daily. Studying daily is very important for passing the CA exams.
- CA candidates should do self-evaluation by solving practice papers and revision papers.
- Candidates should divide their syllabus into small parts and try to complete the small topics daily.
- CA candidates should attempt ICAI mock tests which will help CA candidates to assess themselves.
- CA candidates should stay focused on their goals.
- CA candidates should make a study timetable and must strictly follow the timetable.
- To overcome the challenges, CA candidates must avoid using social media.
- Lastly, to overcome the challenges, CA candidates are advised to stay healthy and positive.
Frequently Asked Questions
Q1. From where can students download the CA syllabus?
Ans: Students can download the CA syllabus from the official website of ICAI.
Q2. If a student wants to join the CA coaching Classes, then where should they join?
Ans: If candidates want to join the best CA coaching classes then they should definitely go for VSI.
Q3. How to clear the CA exam in the first attempt?
Ans: Candidates must follow some strategies to clear the CA exam on the first attempt. VSI helps candidates clear the CA final exam on the first attempt.
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