Tag Archives: Chartered Accountant

What extra CA examination demands?


CA Examination is one of the toughest professional exams in the country. It takes a few things to crack this exam:

1. A proper mindset.

2. A sharp memory.

3. Proper time management.

4. Sincere preparation with proper revision &

5. Proper presentation of answers in examinations.

Do I need to further explain points mentioned above? I am not a rank holder and this article is not for prospective rank holders too. I am just an average ca final student and trying to help my ca student friends who study well and just need some extra marks to clear. I don’t know how to achieve merit or rank. All I know that I followed some tips which worked for me to clear Ipcc and I am sharing them all here. None of them are findings of me, I just used them. Even I don’t remember the sources, excuse me for that.

1. If you have 3 months in hand before exams, complete your study in 2 months and reserve one month for revision at least two times.

2. Solve questions like you are giving your main exams. Same completeness and seriousness apply during preparations.

3. Write more to increase speed and improve handwriting. It is not a waste of time. Clear written matter always scores well.

4. Try to solve whole paper in just 2 and half hour. So you will complete your paper before or at least on time. Use remaining half hour for corrections and final touch.

5. If you switch off your mobile during main exams then please do the same during preparations and revisions. Less or no TV. Just play light games or listen light music in gaps.

6. Maximum time to solve a question in exams = 1 mark * 1.5 minutes i.e. for 4 marks question maximum time is 6 minutes and so.

7. Write other alternate of answer if possible any.

8. In theory questions, always use first two lines impression.

9. Don’t panic to see twisted questions, stick to basics, Read questions and relate the things.

The institute’s inputs and other supports provided to students like rtps, suggested answers, practice manuals etc. are adequate to prepare themselves for and fare well in the examinations.

It is highly advisable:

1. In practical – Give proper format, working notes and assumptions with high speed.

2. In theory – (Long answer type questions) >Write brief intro, >Discuss main theme, >Write summary.

Hard study may fail but systematic never. Systematic means on proper time.

For serious study, Divorce the world during study time. It’s your parents, who waits for your results most.

During Studies:

1. Eat less, drink more.

2. Get rid of your weaknesses

3. Do chair study, don’t use bed.

4. Don’t change your study material again and again. Use good material and Scanner only.

5. Morning study and evening study is good instead of late night study.

During exam days:

1. Please never discuss with your friends, have faith in God and your knowledge.

2. Don’t tally the answer you wrote in exams with your book’s answer.

3. Do some breath exercises, take deep breaths.

Finally, it is not just an exam you are going to write; it is your fate and future. It is your last and final exam. Every mark is important in CA exam. Do as you know, even if you don’t know the answer just draw format and give headings. Complete the whole paper, it helps in scoring.

This article is by: Sanket.ca

Best Tips for a successful interview


This article is mainly meant for CAs and CA students. It includes the learning that I got from the best faculties of ICAI, during my GMCS training. In today’s scenario, CAs are getting tough competitions from MBAs. Searching for jobs and giving interviews had become the most difficult task for CAs. Now-a-days lines like, “ Jo bhi job mile grab kar lo, pata nahi kal ye bhi mile ya na mile” have become very common. Then the question arises that why the MBAs are getting jobs easily than the CAs? The answer is that they have great communication and presentation skills. They know how to present themselves in front of the interviewer. There is a great saying, “Jo dikhta hai wahi bikta hai.”

This article can help you to come out of this situation. It includes do’s and don’ts before and during an interview and also includes certain interview questions with their answers. These tips can help you to pass the interview and get a job with a great package.

interview-Tips

PART I: BEFORE AN INTERVIEW

1. Your motive is to prove yourself the best candidate for the job.

2. For this, spend few days in knowing the company. Study the vision and mission of that company.

Have knowledge about –

· Products & services offered by that company

· What that company is famous for?

· What CTC the company pays on similar posts. This can be your package too.

3. Check the job profile & then evaluate whether can you perform at your fullest on this post? If yes, then you deserve this job.

4. At least  spend 2 hours a day to add your knowledge. Read newspapers, watch business channels, magazines & other knowledge items. I also recommend to watch programs other than wild life on discovery, national geography & history channels. These are international channels through which you comes to know the lifestyle of people around the globe, their ideas, their cultures etc.

Remember, “THE MORE YOU KNOW, THE MORE YOU GROW”

5. Make several .ppt presentations on topics from taxation, audit, AS, stock market, etc &  carry them with you in hard and soft copy as well.

6. During interview, most of the technical questions are from the following topics-

· AS, IND-AS, introductory knowledge of US GAAP & IFRS

· Stock market and other theory questions from finance  (prepare them from your CA-final SFM study material)

· TDS, online return filling & other simple questions from taxation field

· Excel, word, PowerPoint etc

· Depreciation rate as per companies act & IT act

· Bank audit, cash audits (collect knowledge on these topics from various websites of ICAI)

7. If you do not have knowledge of online filling of service tax, income tax returns, then go to the website, prepare fake returns with assumed figures & validate them. Although you will not be able to upload them. Bravo! You have learnt online filling.

8. If you feel nervous in speaking to public or you feel uncomfortable in expressing yourself to the opposite person, be it the interviewer, then try this-

· Think about 10 items of your choice

· Pick a topic & speak about that thing for 10 minutes. Record a video of yourself in      mobile phone, etc

· Then watch the recording & notice your mistakes & write them on a paper. Try not to repeat those mistakes the next time.

· Continue this activity for at least 2 months

9. Have current knowledge of your hobby. For eg. If your hobby is playing cricket, then have its current knowledge like—What is the current ranking of Indian cricket team? And so on…

10. Arrange your papers & documents in the folder in such a way that you can take out any documents as and when asked by the interviewer. This shows that you keep everything in well arranged manner &  you are not a confused person.

PART II: DURING AN INTERVIEW

1. First question arises that what should be the dress code for interview. The dress code is-

For Male Candidates

· Conservative two piece business suit (Dark blue is best)

· Conservative long sleeved shirt (white is best)

· Polished black shoes

· Well groomed hairstyle

· Trousers should always be darker than shirt

· Tie should not go beyond the belt level

· Belt color should match with shoes

· Socks matching with trousers

· No rings other than wedding ring

· Mustaches should be neat and trimmed

And for female candidates-

· Conservative two piece business suit

· Conservative long sleeved blouse

· Shoes with conservative heels

· Small size purses or briefcase

· Light colored nail paint

· Minimal use of makeup

· For women traditional wear is also acceptable for interviews in many sectors. If you are  not comfortable in western wear, you can always opt for traditional wear. A saree or suit is perfectly acceptable as long as it looks professional and not like party wear.

Both male and female candidates should keep care of the personal hygiene. Use light body deodorants. Fingernails should be clean and trimmed. You should not be sweating when you enter the room.

2. Before entering the room, ask permission & then greet everybody with a smile on face, looking at all the persons in the room. But do not greet them individually.

3. Keep standing unless you are offered a seat. Also, never ask for a seat even if they forgot to offer you the same!

4. Sit still and do not do chair dance.

5. Do not place your documents/bags etc on the table. Rather keep them on the side of your chair or on any extra table or chair. Placing them on laps is also not recommended.

6. Basic things to remember –

¨ Never say that you worked under pressure during your article ship, and there were loads of work.

¨ Never say that you are from a small or mediocre firm.

¨ Instead of calling yourself as ACA or FCA, call yourself as “member of ICAI”.

¨ Never say “sorry” in an interview. Rather accept your mistake, if you made any, but not by saying sorry.

¨ Don’t use words like, “basically, actually, frankly speaking, don’t get me wrong”, etc.

¨ Listen the interviewer very carefully & never let him repeat his questions.

¨ Be confident in whatever you are speaking.

¨ Pronounce words clearly.

¨ Use professional language. Use specific words to describe things rather than using general words. For e.g., never say “I have knowledge of filling normal returns”. Rather say, “I have knowledge of filling income tax & service tax returns”.

¨ “Apne saare patte ek sath mat kholo  rather thode thode  time baad apni      specialty/achievements batate raho”

¨ Never touch your face, nose, hairs etc. This shows lack of confidence.

¨ Also do not look here & there while answering the questions. Rather answer by looking at the interviewer.

¨ If you know his name, then you can call him by his name, like “ Vipin sir, AS 16 is all about…”

¨ Never beg for job. I.e., by no means or by your communication etc, never give an impression that you are in urgent need of job. Never use such words which convey that you are begging for job.

¨ Never concentrate on your weakness. Rather concentrate on your strength & present it in the best possible manner.

¨ Keep your position at least 12 inches away from the interviewer.

¨ Never sit cross legs. Rather keep your legs on the floor.

MOST COMMONLY ASKED QUESTIONS & THEIR POSSIBLE ANSWERS

Q1.  Run through your CV.

Ans. Give your brief introduction, your qualifications, your achievements, your hobbies etc.   But everything should be in brief. After giving your introduction, add these words, “That was all about me; thank you.”

Q2. Tell me something about you.

Ans. The answer can be same as above together with your areas of specialization & the work you had handled previously during article ship or during job.

Q3. What are your areas of interest?

Ans. Tell your favorite areas like international taxation, audit etc. But never use sentences like, “ sir you can ask me any type of questions from audit.”

Q4. If he asks a question from a field in which you have very little knowledge.

Ans. Simply say that, “sir I am working on it.”

Q5. How far have you worked?

Ans.   Name the area of which you have some knowledge & let him ask the questions from there. Answer whatever you know, but do not remain quite. Start your answer with, “ although I am not very sure, but I think that……..”& so on.

If he says that your answer was wrong, then say, “ that’s why sir, I told that I am still working in this field.”

Q6. What if he asks a question from a field of which you have no knowledge.

Ans. Say, “ sir, now I am feeling that I should have prepared in this field also. Sir, I assure you that I will start working in this field as soon as possible.”

Q7.  What is your priority, Company or money?

Ans. Company.

Q8. OK, then we will pay you 1 lakh p.a.; are you ready?

Ans.“Yes! Thank you sir for selecting me. But by such low package, prestige of the organization will be at risk then.” Or

“Sir, don’t you want a motivated employee to work in your organization?”

Q9. Then how long will you work with the company?

Ans. “As long as the management finds my efforts fruitful for the organization & I am rewarded for   the same.”

Q10. What is your current CTC?

Ans. (Being bold) “Till yesterday, my CTC was 18000 p.a.” (your stipend)

Q11. And today you are applying for the CTC of 500000 p.a. Justify the increase from 18000 to 500000 p.a.

Ans. “Sir, what was paid to me till yesterday was the stipend of an article & what will be paid to me today will be the package of a CA.”

Q12. You took so many attempts to clear. So why should I hire you?

Ans. “Sir you called me from very far away, from another city. You must have seen something in me.” Or

“We all CAs stand on the same ground. When ICAI considers all of us equal, then why should I treat myself differently.”

Q13. There is a rank holder standing outside and you are a constant failure. Why should I give you the job?

Ans. Sir, he is also having a good knowledge base. He is a rank holder & therefore there is no doubt on his knowledge base. But I during my article ship, sharpened my knowledge. I had much more practical exposures than him.  Or

“Sir, you should select whoever you find more knowledgeable. And I had more practical exposures than him.”

Answer can be non technical too.

Q. What is your weakness?

A. That weakness which do not effect your job opportunity

Q. What was the toughest task during your article ship?

A. Asking for leave

Note: When he asks you if you have any questions. Then do not hesitate, rather you can ask any questions.

 

Result of IPCC Examinations held in May, 2013 are likely to be declared on Wednesday, the 31st July, 2013 around 4.00 P.M.


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The result of the Chartered Accountants Intermediate (IPC) Examinations held in May,
2013 are likely to be declared on Wednesday, the 31st July, 2013 around 4.00 P.M. and
the same as well as the merit list (candidates securing a minimum of 55% and above marks
and upto the maximum of 50th Rank on all India basis will be available on the following
website:
http://www.caresults.nic.in
Arrangements have also been made for the candidates desirous of having results on
their e-mail addresses to pre-register their requests at the above website, i.e.,
http://www.caresults.nic.in from 26th July, 2013. All those registering their requests will
be provided their results through e-mail on the e-mail addresses registered as above
immediately after the declaration of the result.
In addition to above, it may be noted that for accessing the result at the
above website i.e. http://www.caresults.nic.in the candidate shall have to enter
his registration no. and/or PIN no. alongwith his roll number.
Further facilities have been made for candidates of Intermediate (IPC) Examinations
held in May, 2013 desirous of knowing their results with marks on SMS. The service will be
available through India Times.
For getting results through SMS candidates should type:
(i) for Intermediate (IPC) Examination result the following
CAINTER(Space)XXXXXX (where XXXXXX is the six digit Intermediate (IPC)
Examination roll number of the candidate)
e.g. CAINTER 002971
and send the message to
58888 – for all mobile services – India Times

COST FM STUDY TIPS FOR IPCC STUDENTS


IPCC COST FM TIPS :-Must share 🙂
IPCC CAFM Tips :-
Ca Rockstars
{Must share}
1. Pay due attention on theory ..some students
doesnt do that it contains weightage of 20- 28 marks in the
paper
u can download from here :- theory notes 
2. If u have problem in doing the whole theory
portion just do past examination question or from
scaner or from
practice manual (all r equal )
3. pay equal attention on CA n FM dont go in
exams on the base
of any 1 of them4. If u dont know any answer n dont have any
single idea about
its better to leave that
for eg :- if in exams GDR (global depository
reciepts) comes
n u write deposits that reciept in whole world it
will
make a bad impression of u on checker

5. make proper working notes it plays a vital
role in step marking
watever calculation u do name them as
working note .

6. dont pay unnecesary tym in solving
particular question
agar ek que mai fass gye to vo le dubega
aapkon 

7. if u r using any formula in ur solution then
first write it
n then put numbers or figures in it . this shows
ur knowledge
about formulaes
8. Always do RTP’s
hope this will work out for u …dont pay
attention to grammer 
will post some more tips later, all the best 

Alkit Jain