How to come back after failure in CA exams?
Page Contents
What to do after failure in CA exams?
To all the people out there if you are reading this article then let me tell you one basic thing which is hard to accept these days. It’s your life and it’s your responsibility. No one else is going to come and ease your path in life. The first step you must take after failing in CA exams. Many people face failure in CA exams, but that does not mean all of them to give up. What you can do? The first step is to
Assess your situation
Most of the students get blinded by motivational videos and start preparing for their next attempt without assessing their current situation. Yet again, unfortunately, they fail in CA exams. How to access your current situation?
- Perform subject-wise analysis of the mistakes committed in your exam. Make a list of those mistakes and start working on them. You can refer to our tips to clear exams like Audit, ITSM, Law, and Accounts.
- The second step you must undertake is to avoid any kind of study place interruptions. For example, Too much honking and people shouting interrupt your pace and breaks concentration.
- The third step should be avoiding social media at any cost. Social media kills a lot of time and is one of the reasons for mood swings. You will push yourself to study but social media like Facebook, Instagram will pull you back.
If we fail in one subject in CA continuously?
There is one subject in our CA exams that we become a victim of it. We are not able to clear either Group 1 or Group 2 because of that exam. For instance: Some students are not able to clear Group 2 in IPCC due to ITSM or Audit and similarly ISCA is an obstruction in CA Final exams. What strategy must be adopted to clear that exam? Devote extra time for that subject: Suppose you prepared a time table and for the first 10 days you are going to study only Accounts. Make an alteration in your timetable, that after studying accounts you are going to allocate extra 2-3 hours for the problematic subject. This strategy is going to infuse much more confidence in you and definitely, you will be able to clear the exam.
Does attempt matter in CA?
I am going to divide this answer into two sections. First, one would be “Does CA IPCC attempt matter” and “Does CA Final attempt matter”.
Does the CA IPCC/Inter attempt matter?
The truth is CA IPCC attempts don’t matter up to some extent. Your CA IPCC attempts can only pose you a little problem while searching for CA -Articleship. But that is not an issue because most of the CA Firms solely rely upon the confidence and knowledge of CA IPCC/Inter Student. You can get good Articleship even in Big ’20s and Big 4’s after a number of attempts. Don’t worry about that. When IPCC attempts matter? Nowadays, few of the renowned multinational companies have established criteria at ICAI Placements that a student must have cleared CA-IPCC/Inter in one or two attempts.
Does the CA Final attempt matter?
Up to three, they don’t matter. But after three CA Final attempts most of the renowned multinational companies will not hire you in ICAI campus placements. So, you must try to become Chartered Accountants within three attempts. What if you not able to clear CA final exams within three attempts? Everyone has their own skill sets, strong domains and some students are quite genius practically but are not able to clear exams. Here come all other things into play like networking, your confidence, and will power. You will succeed in life definitely and will get placed in good companies. There are people who even after giving 7-8 attempts are earning above 12 LPA. Trust yourself and have confidence.
Do marks matter in CA?
See when you will get your degree, nobody will ask you how many marks you scored in that particular subject. Marks will only matter, in case you have scored exceptionally well. When marks become a deciding factor for your rank.
Is CA a waste of time?
I don’t think that CA is a waste of time. Even if you are not able to clear the Final exams, you can still get a job in the Accounts department. The reason is your Articleship experience. I have a lot of friends who are semi-qualified Chartered Accountants and are earning more than sixty thousand. It becomes a waste of your time when you are not able to clear the CA Inter exam or have not completed practical training.
CA Final failure to success stories
Have you heard about CA Shailee Chaudary? She is an inspiration to many. She cleared her CA Final on May 15 and do you know how many marks she scored in the ISCA subject- 98 marks and 91 in financial reporting. These numbers should not only motivate you rather instill a feeling in you that one day people are going to read your story. Want to share your story; you can publish your story on Gstmentor.com by writing to at [email protected]. Be your own story.
Akash Arora is a Chartered Accountant by profession. He has over 6+ years of experience w.r.t Goods and Service Tax (GST) compliances, litigations and managing routine GST issues.
Connect with him at +918588918033 and [email protected]
