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Sure Success Study Plan for the CA Inter Group 1 Subjects

Maria James by Maria James
May 20, 2022
CA Inter Group 1 Subjects
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CA Intermediate Exams can be attempted by only those students who have cleared the CA Foundation Exam or any equivalent exams as mentioned by ICAI. The CA Intermediate Syllabus has been divided into Group 1 and Group 2. Seeing the past year’s stats, it can be said that it is comparatively easier to clear the CA Inter group 1 subjects than the subjects of Group 2.

Furthermore, the CA Intergroup 1 subjects include accounting, corporate laws, cost and management accounting, and taxation.

Recently, ICAI released the CA Inter exam dates for May 2022 exams. So, you should know that you’ll get only 1.5 days time between the exams. This makes it even more crucial to complete the syllabus on time and revise 3-4 times.

So, check out the sure success study plan for the CA Inter group 1 syllabus that has been proved effective many times in the past.

Study Plan for CA Inter Group 1 Subjects

In the following section, you’ll get the study plan for each of the CA Intermediate Group 1 subjects. Following this will make you confident and help you in clearing the CA Intermediate Papers in the first attempt.

Study Plan for Paper 1: Accounting

The first CA Inter group 1 subject is Accounting which is also one of the major subjects in group 1. Accounting is the subject from which you can grab your aggregate percentage. Companies Accounts covers a good weightage in your exam, so focus on this portion and be updated with the revised syllabus.

Another easy scoring topic in Accountings can be Accountings Standards which accounts for over 20 marks in the paper. Focus on the latest updated study material for this and practice as many questions as you find in manuals and compilers. A definite question will be there in the paper from Amalgamation that carries 8 to 16 marks. Moreover, for Accounting, it will be beneficial to start IFRS and IND AS simultaneously. Cover the theory portion at first, and then go on solving the manuals and question banks.

Study Plan for Paper 2: Corporate and Other Laws

Paper 2 is divided into two sections, Corporate Laws and Other Laws. Company Laws account for 60 marks whereas Other laws for 40 marks. Corporate and Other Laws is a lengthy paper that requires a good number of revisions. It is pretty challenging to retain the entire law, so you need good retaining power and proper revisions. Although Company laws cover more marks than Corporate laws, the length of both portions is equal. But do not mistake entirely skipping the Corporate Laws portion since you won’t be able to qualify without it.

The first question in the question paper is a compulsory one, and in this case, if it is from Corporate Laws, then skipping it might keep you in danger. So, do not take the risk of skipping any of the portions of the syllabus. In this paper, solving many case studies will help you in the exam.

Study Plan for Paper 3: Cost and Management Accounting

The third paper in the CA Inter Group 1 subjects is Costing and Management accounting, which is also the favourite subject of many students. To solve the questions of this subject, you must take a practical approach. Make all the concepts of this paper clear as crystal. Start from the basic theory and understand the formulas one by one to avoid any confusion. Do not try to mug up things; instead, understand the reason behind it. ABC costing is the easiest and the scoring part of the paper, so do not miss it.

Give proper attention to Process and Contract Costing along with other Accounting process. If you want to start with the simple chapters, then go through the Budgetary; however, Cost Control and Analysis cover 40 per cent of the subject.

Study Plan for Paper 4: Taxation

Paper 4, which is Taxation, is also divided into two sections, i.e., Income Tax and Indirect Tax. This CA Inter group 1 subject is the proper mixture of theory and practical concepts. However, Income Tax covers the major weightage but does not make the mistake of skipping the Indirect Tax portion. Go through all the clauses and try to understand them instead of mugging them up. These clauses will further help you in your articleship training. Make your provisions clear to understand and prepare the computation of Total Income.

We encourage students to make their own study plan depending upon the points mentioned above. However, first, you need to know the CA Inter group 1 subjects’ weightage to make a smart and effective study plan.

Preparation Tips for CA Intermediate exams

Along with the study plan, students will also need some tips to excel in the papers. So, in the below section we have mentioned the CA Intermediate preparation tips for the Group 1 subjects.

Time Management: Time management is the key to success in all the sectors and also in cracking the CA Intermediate papers. So, make sure that you do not waste your precious time on unnecessary things such as chitchat, games, social media, etc. Instead, invest most of your time in studying and practising the questions. Give at least 5 to 6 hours of your day to your studies, and for better results, you can invest even more.

Regularity: Do not leave your studying time depending on your mood. Maintain regularity in your study time and give certain fixed hours of your daily schedule to study. This will help you to complete the entire CA Inter Group 1 subjects in time and get you extra time for revisions. Also, only follow the CA Intermediate study material provided by ICAI.

Practice as much as possible: Practicing daily will make you familiar with all the types of questions. So, after completing the CA Inter group 1 syllabus, make a habit of regularly practising the questions that will help you get good scores.

Appear in Mock Exams: Candidates must appear in the mock tests at least 6 to 7 times before the Exam. In this way, they can increase their writing speed and time management in exams. This also makes them familiar with the CA Intermediate Exam question pattern. You can also analyze your improvements and the topics that still need some brush-ups.

Read More: How to stay positive during competitive exams?

Conclusion

Therefore, this study plan for the CA Inter group 1 subjects will help you in clearing the papers in the first attempt. Appearing in just one Group at a time will lessen your burden, and hence you get more time for each subject. So, follow up the study tips mentioned for every paper in Group 1 of CA Intermediate, along with preparation tips. And always remember that a proper and practical study plan is the major element that plays a crucial role in your CA Intermediate result.

Maria James

Maria James

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