How to Prepare for CA Final Exams?

  • CA|Exam|
  • 4 Min Read
  • By Taxmann
  • |
  • Last Updated on 23 December, 2023

CA Final exams

Table of Contents

  1. Introduction
  2. Preparing a Study Schedule
  3. Study Materials to Refer
  4. Revision and Practice of Questions
  5. Mock Tests
  6. Quoting of Section Numbers or Definitions
  7. Covering Amendments

1. Introduction

CA Final examination is the last and the most difficult leg of Chartered Accountancy (CA) course where sheer determination and perseverance of the student is tested on almost every other ground. For most of the students, this stage becomes one of the most challenging phases during CA journey as they are expected to manage their studies along with the three years of mandatory practical training. One of the most crucial parts of CA Final studies is the last few months of study period which not only tests one’s patience but requires a student to make proper plans and act accordingly. Some points to ponder upon for a smooth exam preparation as well as scoring good marks are as below:

2. Preparing a Study Schedule

One should note down how, when and what to study, setting realistic goals for a week or even for a day and ensure that all the efforts are directed to achieve them. CA Final exam preparation is 30% planning and 70% execution. So, it is pertinent to give enough time for planning things properly.

3. Study Materials to Refer

The very first step for a student to actually begin the CA Final preparation is making a choice of appropriate study material which not only covers the entire syllabus but is also easy to understand. Accordingly, a student always prefers the material which is exclusively prepared keeping in mind CA Final examinations with a student-centric approach. In this regard, Taxmann’s Study Material for CA Final Exams can prove to be a boon for students, presenting the subject matter in concised tabular formats. These are prepared as per the new syllabus introduced by ICAI.

Some books along with their authors that are available for CA Final students include:

Books Authors
Financial Reporting | Study Material Parveen Sharma/Kapileshwar Bhalla
Financial Reporting All In One Priyanka R. Agrawal
Advanced Auditing & Professional Ethics (Audit) | Study Material Pankaj Garg
Corporate & Economic Laws (Law) | Study Material Pankaj Garg
Corporate & Economic Laws Tejpal Sheth
Strategic Financial Management | Cracker K.M Bansal/Anjali Agarwal
Indirect Taxes Law And Practice V.S Datey
Direct Tax Laws & International Taxation | A.Y. 2023-24 | Study Material Ravi Chhawchharia

Tax and Accounts Professional Course

4. Revision and Practice of Questions

One should try to prepare summaries of the topics studied in a concise manner so as to ease the process of revision and reduce the time required for revising a subject. It is suggested that for clearing CA Final exams, a student should aim to revise each subject for at least two to three times. Emphasis should be given on covering maximum number of previous exam questions besides the questions from ICAI issued Revision Test Papers. One efficient hack to this is Taxmann’s CRACKER series for all the subjects of CA Final Exams. It covers all the past exam questions (topic-wise) and also point-wise detailed answers for easy understanding. The salient features of this series are as below –

    • All the answers are updated as per the latest amendments applicable for the term.
    • Questions are segregated topic-wise covering all the topics.
    • Graphical representation of chapter-wise marks distribution for past exams is also included.
    • Questions include categories like –
      1. Questions from Revision Test Papers and Mock Test Papers as published by ICAI
      2. Descriptive questions and case studies
      3. Objective questions
      4. Knowledge and application-based MCQs
      5. Integrated case studies

Some of the books available for CA Final which can help the students in revision include:

Books Authors
Quick Revision Fast Track Charts on Financial Reporting Ravi Kanth Miriyala, Sunitanjani Miriyala
Financial Reporting Problems & Solutions Kapileshwar Bhalla
Scanner – Advanced Auditing & Professional Ethics (CA-Final) New Syllabus Pankaj Garg
Corporate & Economic Laws | Cracker Pankaj Garg
MCQs & Integrated Case Studies on Corporate & Economic Laws Pankaj Garg
Strategic Financial Management | Cracker K.M Bansal/Anjali Agarwal
Quick Revision Charts for Indirect Tax Laws V.S Datey/Mahesh Prakash Chand Gour
Direct Tax Laws & International Taxation| Problems & Solutions Rahul Agarwal

5. Mock Tests

Undergoing mock tests is a great way to assess one’s preparation level and identify areas where one needs to improve. This will also help in understanding the answer pattern to be followed in the exam. In a professional examination like this, time management plays an important role which can be learnt while appearing for such mock tests.

6. Quoting of Section Numbers or Definitions

Definitions are important for scoring good marks and it will make the introduction better in any answer attempted. Further, it is an added advantage to write the relevant section numbers, espeacially in a subject of law, as some marks are usually alloted for quoting correct section numbers. Accordingly, students should focus on remembering those section numbers as well as important definitions in order to present appealing answers in the examinations.

7. Covering Amendments

One should study each subject in its entirety before jumping on to its amendments. It is suggested that any amendment should be incorporated in the notes or study material itself and try not to maintain a separate notebook for amendments. Amendments are not to be studied in isolation. For major amendments (running into more than one page), one can use separate pages and attach those in their study material.

While there is no surefire technique to master one of the most difficult examinations, a well-thought-out strategy and appropriate study material is the key to success. Accordingly, all the aforesaid guidelines would serve a CA student in a great way to prepare for the CA Final exams, and help him/her plan and utilise the time in the most effective manner for understanding the subject matter as well as scoring good marks.


Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

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