ICAI Perspective, Expectations and Performance PERSPECTIVE To create world class professionals To be partners in Nation Building CA Shriniwas Y. Joshi 2

1

Exams

ICAI Perspective,

Expectations

and

Performance

CA Shriniwas Y. Joshi

ICAI PERSPECTIVE

To create world class professionals

To be partners in Nation Building

CA Shriniwas Y. Joshi 2

EXPECTATIONS OF ICAI

Theoretical Training with Practical

Experience

Enter only if having proper aptitude

Entry Easy, Exit Difficult - to change

Syllabus updated and course changed


PERFORMANCE

Results – IPCC

Results – Final


Both

Group

Group I Group II

May 2016 4.78% 17.26% 0.10%

Nov. 2016 32.53% 19.27% 30.10%

Both

Group

Group I Group II

May 2016 11.36% 18.21% 18.78%

Nov. 2016 11.57% 7.14% 12.32

ASPIRATIONS

To Earn well

To be an expert

To get recognized

To settle well


A PATH

TO

SUCCESS

IN CA EXAMINATION


WHAT IS SUCCESS

Success is an ability to go from

one failure to another with no loss

of enthusiasm – Sir Winston

Churchill


HOW TO REACH SUCCESS ?

Write down your Goals

Beware of people who spread

gloom

Difference in passing and not

passing

8CA Shriniwas Y. Joshi

WHY WE FAIL ?

Recipe for failure

Lack of –

Courage

Confidence

Conviction


PERSIVERANCE

Many of the life’s failure are

people who did not realise how

close they were to success when

they gave up – Thomas Alwa

Edison


FAILURE IN LIFE

Failure is a delay not defeat

“Success is not final, Failure is not

Fatal, it is the courage to continue that

counts”

Losers have excuses

Luck

Opportunity

Circumstances11CA Shriniwas Y. Joshi

LUCK

• “I am a great believer in luck, and I

find the harder I work, the more I

have of it.” – Stephen Leacock


LEARNING FROM MISTAKES

Laziness

Over confidence

Unbalanced studies

Uncondusive Study Environment


LACK OF DISCIPLINE

Discipline involves –Self-control

Staying focusedSacrifice

Avoiding distractionAvoiding temptations


POOR SELF ESTEEM

Lack of Self respect

Lack of Self worth

Lack of Faith



HOW TO FACE CA EXAMBY

BOARD OF STUDIES

BOOK

EXPECTED LEVEL OF KNOWLEDGE

CPT - Basic knowledge

IPCC - Working knowledge

Final - Expert knowledge


DISCUSSION AND STUDYIN GROUP

Group in Classes

Group in Office

Group in Library

Teaching others clears one’s own

concepts

Don’t be influenced by what

others say

Watch your TimeCA Shriniwas Y. Joshi

18

PREPARATION FOR EXAMINATION

Attitude – Self confidence and

positive attitude

Planning Studies

Regular Studies

Conceptual clarity


APPROACH

Study Exam pattern

Find out distribution of Marks

Preparation of Study plan

No selective study


COMMON MISTAKES

Over emphasis on reading

Lack of writing practice

Lack of balance across subjects

Topic for “Options”

Lack of proper planning

No extra days reserved

Panic….. As time flies by


STRIKING BALANCE

Mix play with study

Look after your health as well

Pursuing other interests

Sleep v/s Active Life

Productive use of Travel Time


FINDING TIME WASTERS

Mobile

WhatsApp

Internet

Television


IS HIGH INTELLIGENCE REQUIRED ?

No

Methodical study rather than intelligence


RECALL TECHNIQUES

Understand how memory works

Use of mnemonics for learning

points

Use example to reinforce memory

Conceptual clarity helps recall


•26•CA Shriniwas Y. Joshi

THEORETICAL SUBJECTS

Critical First reading

‘Key topics’ on top of a page

Avoid reading again and again

List Key Points in order of

importance


THEORETICAL SUBJECTS

Focus on recall

ABC analysis to prioritize use of time

Taking notes

Information Technology – Read, Read,

Read


PROBLEM ORIENTED SUBJECTS

Have a dedicated note book for

each subject

Don’t ‘see’ a solution, do it yourself

Solve variety of problems

‘Clouds’ technique


TAX & LEGAL SUBJECTS

Bare Acts

Study scheme of the Act

Familiarize with the legal language

Awareness about the cut-off date

Case Laws


PAUSE & REVIEW

Review of preparation status

Remember group passing rules

Helps in building confidence

‘Feel good’ factor critical


REVISION TECHNIQUES

Focus on ‘recall’ and not reading

Selective reading

Use the subject index technique

Key topics on each page

Watch your ‘clouds’

Solve one problem of each type

Revise sections for legal subjects

Appear for Mock Tests


READ

Study Material

Practice Manual

Suggested Answers

Revision Test Papers

The CA Students Journal

Prescribed Reading


ICAI Support

BOS Knowledge Portal – Cloud

Campus Video Lectures

Guidance from Faculty BOS( On line

Mentoring)

[email protected] &

[email protected]

CA Shriniwas Y. Joshi

34

mailto:[email protected]

mailto:[email protected]

AT THE TIME OF EXAMAINATION

Reach 30 minutes before

Use 15 minutes additional time

Select Questions but not think of

Answers

“Lengthy” and/or “Difficult” paper

Do not panic – Prioritize


AT THE TIME OF EXAMAINATION..

Solve full paper

Articulate your Answers

No vague or round about writing


AT THE TIME OF EXAMAINATION..

Legibility – Neat & tidy

presentation

Good expression - Command over

language

Use headings / head notes.


TOPPERS ADVICE


TOPPERS ADVICE

Get Conceptual understanding of

the subjects and develop ability to

churn around the things quickly

for getting through the entire

syllabus


TOPPERS ADVICE..

Coaching for two subjects only –

SFM and DT

Prepare on your own

8-10 hours of effective study


TOPPERS ADVICE..

Weekly breaks in between to

catch up with friends and movies.

Never compromised on sleep

Take one practical subject at a

time

Complement it with a theory

subjects for 2-3 hours.


TOPPERS ADVICE..

Stop using all social networking

sites for 6 months.

Stop using smart phone

Never ignore Institutes’ Study

Material


TOPPERS ADVICE..

Read Institute’s Study Material,

Practice Manuals, Revision Test

Papers, Case Studies, Mock Test

Papers.

Ask queries to subject heads of

BOS through mails.


TOPPERS ADVICE..

Plan in advance the tasks for the

next day

Give a lot of mock exams


Thank You …


Documents

ICAI Perspective, Expectations and Performance PERSPECTIVE To create world class professionals To be partners in Nation Building CA Shriniwas Y. Joshi 2