Effective Study Plan for CA Intermediate Group 1 Examination in May 2018
Clearing the CA Intermediate Group 1 exam in May 2018 requires a well-structured study plan and effective strategies. This article provides a comprehensive approach to help you prepare and pass the exam successfully.
Study Plan Overview
To prepare effectively for the CA Intermediate Group 1 exam in May 2018, it’s essential to have a structured study plan. Here’s a comprehensive approach you can follow:
Understand the Syllabus
Group 1 consists of four subjects:
Accounting Corporate Laws and Other Laws Cost and Management Accounting TaxationCreate a Timetable
Allocate specific time slots for each subject based on your strengths and weaknesses. Aim for 4-6 hours of focused study each day, increasing as the exam approaches.
Daily Study Routine
Your daily study routine should look something like this:
Morning (2-3 hours): Focus on the most challenging subject. Afternoon (2-3 hours): Revise the easier subjects or work on practice problems. Evening (1-2 hours): Review what you studied during the day and take notes.Detailed Study Plan
The study plan is divided into three phases: Foundation, Practice, and Revision.
Phase 1: Foundation (1-2 months)
The first phase focuses on building a strong foundation. Here’s a breakdown of the subjects and topics to cover:
Week 1-4: Subject-wise Study
Accounting: Focus on concepts, journal entries, ledger accounts, and financial statements. Corporate Laws: Understand the Companies Act, Memorandum, Articles of Association, and various regulations. Cost and Management Accounting: Study cost concepts, budgeting, and variance analysis. Taxation: Familiarize yourself with basic tax principles, income tax, and GST.Phase 2: Practice (1 month)
The second phase is dedicated to practicing previous years’ question papers and mock tests.
Week 5-8: Solve past papers and mock tests to familiarize yourself with the exam pattern and time management.Phase 3: Revision (Final Month)
The final month is all about intensive revision.
Week 9-12: Revise all subjects, focusing on key areas and difficult topics. Use flashcards for quick revision of important concepts and formulas. Group study sessions can help clarify doubts and enhance understanding.Additional Tips
To further enhance your study plan, consider the following tips:
Resources: Use study materials from the ICAI Institute of Chartered Accountants of India and recommended reference books. Online lectures and coaching can be beneficial for difficult subjects. Healthy Study Habits: Take regular breaks to avoid burnout. Stay hydrated and maintain a balanced diet for better concentration. Stay Updated: Follow any updates from ICAI regarding the exam, especially if any changes are announced.Final Preparation
In the last 1-2 weeks, focus on revision and practice:
Avoid studying new topics. Instead, consolidate what you have learned. Ensure you are comfortable with exam patterns and time management.By following this structured approach and staying disciplined, you can increase your chances of clearing the CA Intermediate Group 1 exam in May 2018. Good luck!