How to Prepare Effectively for CA Inter Group 1 Exams

Well, to begin with, you need to have a clear idea of the papers that constitute the CA Inter Group 1 Exam. There are three papers that you are supposed to take in this group — Advanced Accounting, Corporate and Other Laws, and Taxation. All these papers account for 100 marks each but the latter two are further divided into two papers each. In Paper II you have two parts — Part I, or Company Law, with 60 marks, and Part II, or Other Laws, with 40 marks. In Paper III you have two sections — Section A, or Income Tax Law with 60 marks, and Section B, or Goods and Services Tax, with 40 marks.

How to get ready for Paper 1?

In this paper, you have got to focus more on Accounting Standards as it is one of the easier areas for you to score marks. The first and most important rule over here is to understand the different topics and concepts rather than mugging them up mindlessly. This is important because it will strengthen your base and that, in turn, will help you further when it comes to dealing with questions of varying levels of difficulty and solving them. You must also repeatedly and frequently practice the important questions.

How to get ready for Paper II?

In its latest notice, the ICAI (Institute of Chartered Accountants of India) has mentioned clearly that the subjective-to-objective ratio of the paper would be 70 to 30. This means you now have to deal with extra pressure that was not there earlier. Now, you would not want to miss out on any topic to make sure that there are no issues in maximizing the 30-mark objective segment. You must answer the theory papers technically. Please remember that your technical presentation and vocabulary will be judged the most in this paper.

How to get ready for Paper III?

According to the latest notice of ICAI, the subjective-to-objective ratio of this paper would be the same as the previous one. The most important aspect of getting ready for this paper is to practice as many questions as is possible for you. This will make sure that you can cover at least a small amount of the question banks available in these cases as well as the different kinds of questions asked in the paper. The GST Act is an area where you can score a lot of marks and so you must understand all its provisions.

Some important things to keep in mind while self-studying

To start with, go through every important point and note them down based on the chapters. Always use practice manuals, papers from past years, and revision test papers. Complete all the relevant questions in those. Time management is an important part of every exam and this is particularly so in the case of the CA Inter Group 1 Exam. Quite often students fail to answer the total paper in the time allotted to them despite knowing all the answers. This is why you must practice answering the questions at home within stipulated times.

Getting ready the month before the exams

At this stage, focus more on practicing the critical topics than anything else. Remember that you must not leave any area unattended. This is purely because each topic in these exams carries anywhere between 10 and 14% marks and, as such, none of them can be ignored. Revise all the topics as thoroughly as you can and prepare notes that you will use to revise on the exam day. In the CA Inter exam, such exam day revision is the most important factor of all.

Finally, remember to practice and write without fail. Learn how to write just from point headings. Take part in the mock exams conducted by the ICAI as well as any other similar faculty. Solve MCQs (multiple choice questions) and use Mnemonics techniques to memorize headings. Remember to make notes when you are attending the lectures and mark all the areas where you have any doubt during those sessions. You should also try and get admitted in these cases to a good coaching center where you can get the facility and guidance to succeed at the first time of asking.

N.B: Navin Classes’ comprehensive CA Inter online classes offer everything you need to succeed in the competitive world of finance and accounting.