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How to Prepare for CA Final Exam without Coaching

studybytech-admin / May 21, 2021

Yes, you can prepare for CA Final exam without coaching with self-study at home. This article will be very helpful for those who have decided to prepare for CA Final exam without coaching. We all know that as CA Final is the last level of a Chartered Accountancy course as well as the toughest part of CA. The syllabus of the CA Final is very vast and tough and in the midst of such a period candidates have to go through 3 years of Articleship training which is a compulsory piece of this course. We have seen that most students can not do proper studies because of their work responsibilities and timings. It is very difficult for students to manage their studies and office work. Don’t worry you can prepare for your CA final exam at home by self-study even without coaching. Below we will share some tips which will help you in your self-study and you can prepare for your CA final exam without coaching. Some Tips to Prepare for CA Final Exam without Coaching 1. Wake up early in the morning It is believed that whatever we read early morning, it remains in our mind, don’t know how good this strategy is, but according to me when you wake up early in the morning you get extra time for your studies. Those students who are doing Articleship training they always stuck between study and office work. so early morning is the best time give when you can start your day with your studies. It is said that a fresh and positive mind is the key to success. So, start your day with freshness and positivity. 2. Start your study ASAP It is the best advice for those who want to prepare for CA Final Exam without coaching is they should timely start their studies. After passing CA Intermediate exam don’t waste time and start your preparation for the CA final on your first day. After clearing CA Inter you will have enough time period in which you can prepare for CA Final exam without coaching in a better way. Make a proper plan on the very first day of your study and implement that timetable in your daily life. Start your study at least one year before your CA Final attempt so you can have enough time for the revision part. Also Read:- What are the Common Mistakes CA Final Students Do and How to Avoid them? 3. Revision is a must The CA Final Course isn’t that tough but the toughest part is its vast syllabus. It very difficult to remember the entire syllabus of the CA Final Course and the study period is also very less in which candidates need to go under Articleship training with their studies. So it is difficult to synchronize the study and work. So the best way to tackle it is to do at least 3 times revisions before exams. Three-time revision is important before the exam if you want to clear CA Final exam with good marks. Try to complete your syllabus much before exam time, so you can have some excessive time for revision. It is impossible to recall the entire syllabus before the exam and in this situation revision is the key to success. That’s why three-time revision is a must when you prepare for CA final exam with or without coaching. 4 Choose your teacher wisely Now, you will say that we are here to know about tips for studying without coaching. But here I want to say, if in any subject you feel that you are not able to understand the concepts then there is no harm in taking coaching of that particular subject. Coaching helps the students in proper guidance & helps in understanding the doubts. We don’t require coaching for all subjects. Before choosing any teacher you need to check how good his/her teaching experience. Before joining any teacher first watch some demo classes so you can get an idea of his teaching style. Ask him about his doubt solving sessions and how he provides notes. The teacher you going to choose must have the knowledge of concept clarity because most teachers don’t use real case scenarios and case studies to explain the concept. It is very important that your teacher has a great number of rank holders & top scorers which shows how good he is in teaching CA Final costing. 5. Solve Mock test paper, Revision Test Papers & Past year Examination papers It is very important to solve Mock test papers(MTP), Revision Test Papers(RTP), and past exam papers to prepare for CA Final Exam without coaching. As we all know that practice makes a man perfect and when you are preparing for such a vast syllabus then practice is a must. Many students say that Mock test paper is the waste of time instead of that they can read a chapter or revise a concept. But I must tell you that MTPs, RTSs & Past exam papers are very important. By solving Mock Test papers, RTPs and Past exam papers you will get the idea about the pattern of the exam and you can also increase your speed of attempting questions, and it will also help you in self-evaluation that how good you are and how more you need to work on your preparation. Also Read:- What Shall Be the CA Final Preparation Strategy? 6. Prepare your Own notes It very important to make your own handwritten notes so you can revise the question before the exam, We all know that it is not possible to revise the entire course in a day, and in this situation preparing your own notes will help you to make your revision easy and by these short notes you can revise the most important & difficult part of the syllabus in less time before examination. In this article, we have tried our best to cover all the necessary tips and tricks so you can prepare

Blog, CA Final

How to Find The Best CA Final Coaching Classes in India?

studybytech-admin / May 17, 2021

CA Final is a tough exam and to clear it you need proper guidance and without any proper guidance, you can not do good in your CA Final exams. Most of the CA Final students have a question- How to find the best CA Final coaching classes in India. I must tell you that to pass the CA Final exams, coaching classes play an important role. The Coaching Institute helps the students to prepare better for their examination, on other hand, they also help students to increase their confidence and performance. However, there are many CA Final Coaching Classes in India which are recommended as one of the best CA coaching institute in India for online classes for CA Final students. But what are the criteria for these are the best coaching institutes. Because nowadays the coaching institutes are running because of fake promises. There are lots of coaching institutes who make you believe that they are the only best institute for CA Course with their lavish offer and discounts. But you need to understand which is the best coaching institute for your CA Final Exam preparation. We can help you to find out the best CA Final Coaching classes in India for your CA Final studies, just follow the step given in the article. How to Find CA Final Coaching Classes In India? Conclusion We hope the article will help you to find the best CA Final coaching classes in India where you can prepare for your CA Final exams. We always advise students to not get attracted to fake promises and offers. We always advise them to take demo classes first and do proper research about that institute before joining. If you have any confusion about which is the best CA Final Coaching classes then we recommend to join Parag Gupta Classes for better CA Final classes. FAQ’s

Unlocking Success in the Direct Entry CA Inter SM

Blog, CA Final

What Will Be the CA Final Preparation Strategy?

studybytech-admin / May 12, 2021

Introduction The journey to becoming a Chartered Accountant (CA) in India is a demanding and challenging one. The CA Final Examination is the ultimate hurdle that aspiring CAs must overcome to achieve their goal. To succeed in this crucial examination, a well-thought-out preparation strategy is essential. In this blog, we will delve into the key components of an effective CA Final preparation strategy, shedding light on the importance of quality study materials and the guidance of experienced faculty, particularly Parag Gupta, renowned as India’s best faculty for CA Inter SM and Costing at StudyByTech. Understanding the CA Final Examination The CA Final Examination consists of two groups, each containing four subjects. These eight subjects cover various aspects of finance, taxation, law, and auditing, making it a comprehensive assessment of a candidate’s knowledge and skills. Here’s a breakdown of the subjects: Group I (as per CA Final Nov 23) 1. Financial Reporting 2. Strategic Financial Management 3. Advanced Auditing and Professional Ethics 4. Corporate and Economic Laws Group II(as per CA Final Nov 23) 5. Strategic Cost Management and Performance Evaluation 6. Elective Paper (One out of six available options) 7. Direct Tax Laws and International Taxation 8. Indirect Tax Laws Given the vast syllabus and the complexity of the subjects, a systematic and effective preparation strategy is imperative. As per the new syllabus for CA Final May 24 exam following are the subjects in each group: PAPER 1: FINANCIAL REPORTING (100 MARKS) PAPER 2: ADVANCED FINANCIAL MANAGEMENT (100 MARKS) PAPER 3: ADVANCED AUDITING, ASSURANCE AND (100 MARKS) PROFESSIONAL ETHICS PAPER 4: DIRECT TAX LAWS & INTERNATIONAL (100 MARKS) TAXATION PAPER 5: INDIRECT TAX LAWS (100 MARKS) PAPER 6: INTEGRATED BUSINESS SOLUTIONS (100 MARKS) PLUS 2 SELF PACED ONLINE MODULES- Self-paced Online Module: Set A- Corporate & Economic laws Self Paced Online Module: Set B- Strategic Cost & Performance Management The Importance of Quality Study Materials Quality study materials are the cornerstone of any successful CA Final preparation strategy. Study materials should be comprehensive, up-to-date, and aligned with the examination syllabus. Here’s why they are crucial: 1. Comprehensive Coverage: The CA Final syllabus is extensive, and study materials should cover all topics comprehensively to ensure that no important area is left unprepared. 2. Concept Clarity: Quality study materials are structured to provide a deep understanding of concepts rather than mere rote learning. This is essential for answering application-based questions in the exam. 3. Latest Updates: Taxation laws and accounting standards are subject to frequent changes. Quality study materials are regularly updated to reflect these changes, ensuring that candidates are well-prepared for the current exam. 4. Practice Questions: Study materials should include a variety of practice questions, including past exam papers and mock tests. These help candidates gauge their progress and get a feel for the actual exam. 5. Guidance from Experts: High-quality study materials often come with annotations and explanations from experienced faculty members, providing valuable insights and clarifications. Parag Gupta: India’s Best Faculty for CA Final-SCPM(Strategic Cost & Performance Management) When it comes to CA Final SCPM(Strategic Cost & Performance Management), Parag Gupta’s name shines brightly. He is widely regarded as India’s best faculty for these subjects, and for good reason. Parag Gupta’s teaching methodology is exceptional, and his expertise in these areas is unmatched. 1. Conceptual Clarity: Parag Gupta’s teaching approach focuses on building a strong foundation of concepts. He breaks down complex topics into easily digestible components, ensuring that students grasp the underlying principles thoroughly. 2. Practical Application: CA Final exams often include questions that require practical application of concepts. Parag Gupta’s guidance equips students with the skills needed to tackle such questions effectively. 3. Regular Updates: Given the dynamic nature of business and management, staying updated is crucial. Parag Gupta incorporates the latest industry trends and case studies into his teaching to provide students with real-world insights. 4. Interactive Learning: Parag Gupta’s classes are known for their interactive nature. He encourages students to ask questions and engage in discussions, creating an environment conducive to effective learning. Access to our ocean of knowledge through Online and Offline Classes StudyByTech, the platform where Parag Gupta imparts his knowledge, offers a plethora of online and offline classes. This flexibility is invaluable for CA Final aspirants, as it allows them to choose the mode of learning that best suits their needs. Online Classes Online classes are accessible from anywhere, making them ideal for students who prefer studying from the comfort of their homes. Recorded lectures are available for reference, allowing students to revisit complex topics whenever necessary. Live doubt-solving sessions enable students to get instant clarifications on their queries. Offline Classes Some students benefit more from in-person interactions. StudyByTech provides the option of attending Parag Gupta’s classes in a physical classroom setting. Offline classes facilitate face-to-face interactions with the faculty and fellow students, enhancing the overall learning experience. Resources Beyond Classes Successful CA Final preparation goes beyond attending lectures. To excel in this exam, candidates should also make use of additional resources: 1. Practice Papers: Regularly solve practice papers and mock tests to familiarize yourself with the exam pattern and improve time management. 2. Study Groups: Joining or forming study groups can be beneficial. Peer discussion of ideas can provide you with new insights and improve your comprehension. 3. Self-Study: Allocate ample time for self-study. Use quality study materials and make a study schedule to cover the entire syllabus systematically. 4. Revision: Regular revision is crucial to retaining information. Create concise notes and revise them periodically. 5. Mental and physical health: Don’t neglect your health. Proper diet, exercise, and relaxation techniques can help maintain focus and reduce stress. Conclusion Becoming a chartered accountant is a prestigious achievement, but it comes with rigorous challenges. The CA Final Examination is the ultimate test of your knowledge and skills in various aspects of finance and law. CA Final Preparation Strategy To succeed, a well-rounded preparation strategy is essential, starting with quality study materials that cover the entire syllabus and provide conceptual clarity. Parag

CA Course, CA Final

Is CA Final Tough?

studybytech-admin / May 10, 2021

Those students who have chosen the CA Course as their career always have a question that is CA Final tough? So I must tell you that the CA course is challenging, and every level of this course is tough and challenging. If you think that CA Foundation is the easy level of CA, then you are again wrong. Each step in CA has its difficulty level and it always your dedication and proper time schedule which will help you succeed in your dreams. You have to prepare yourself for every level of this course if you really want to achieve your heights. But here the question is- ‘Is CA Final tough?’ So the answer is YES, the CA Final course is tough, but it is also not something that one cannot achieve. Is CA Final Tough? It is just because we have agreed in our mind that the CA Final is a very tough subject, and it is tough to clear. The syllabus is very hard. So panicking is not the option. If you have joined this course, make up your mind with all the positivity and start telling yourself that you are ready for all the challenges and will achieve what you have dreamt of. Why CA Final Course is believed to be the most toughest level? CA Final is the last and the most difficult CA Course in which you have to study hard to score good marks. CA Final is believed to be the toughest in CA Course because of its vast syllabus. Yes, the CA Final syllabus is vast, and to clear the CA Final exams, students have to start preparation from Day 1. As we all know that when we practice and prepare for the individual subject, we become an expert in it, but when you have to prepare for a subject along with 7 others, it becomes more difficult. It is easy to study and prepare for the exam for 6 months, but when it comes to recalling it just a day before the exam is very tough. Most of the students panic in this situation; even many students face memory loss problems because they forget the simple theories because of the pressure. CA Final results typically range between 8% –10%. 80% of students get three or more attempts at this level. Student take attempts not because they didn’t work hard, but they lost their focus on studies. It is very tough to complete the entire CA Final syllabus in just 6 months because the syllabus is vast. The 3 years of the Articleship period is enough to divert the concentration of a CA aspirant from the studies. During this period, students become more focused on work rather than studies. We all know that CA Course is tough; that’s why it is one of the toughest exams and one of the most respected professions. The only solution to pass CA Final exam is to go parallel with your studies and work. Focus on your studies even in the Articleship period. Most of the student says that it is tough to work and study simultaneously and we do not get enough time from the office to study for the CA Final course. This excuse makes no sense because before joining the CA Course, every student knows the structure, and if you really want to become a CA, no excuse shall stop you from achieving your dreams. You have to manage your time for the studies if you want to become a Chartered Accountant. If you want to achieve your dream of becoming a Chartered accountant, follow what Swami Vivekananda said:- Take up one idea. Make that one idea your life, think of it, dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body, full of that idea, and just leave every other idea alone. This is the way to success”. Everything is difficult in life but it is upon a person how he manages to get success. Swami Vivekananda So here we will talk in detail about the tips to prepare for the challenges like- managing time for study; making a schedule for study; what coaching center will be the best for the CA Final course, etc. In this, we will try to elaborate more on overcoming the big challenges faced by the CA candidates How to Prepare to For the Challenges of CA Final Course? FAQ’s

How To Improve Reading and Comprehensive Skills

Blog, CA Final

Improve Reading & Comprehensive Skills for CA Final

studybytech-admin / April 3, 2021

Final CA The biggest anxiety for a CA Final Costing (Strategic Cost Management & Performance Evaluation) student is to comprehend the question effectively and in the spirit in which the examiner posed it. Scoring well when the time is limited but the question is lengthy makes it difficult.Here are a few tips to Improve Reading & Comprehensive Skills that a student must follow to score wonders in his or her examination: Introduction Types of questions in the CA Final SCMPE (Strategic Cost Management & Performance Evaluation): Case Study Based Questions & all other types of questions. Study Related blogs: Click Here Q. How much time do we need to invest in a question? We have very limited time for the examination: 100 marks Question paper is supposed to be completed in 3 hours i.e. 180 minutes. Proportionately we can calculate the time to be spent on a question. E.g. A 10 marks question shall be attempted in around 18 minutes. Q. How to approach a case study question? There are three sections to a case study query: The beginning Paragraph Several further sentences (Body of question)Concluding Paragraph and the conditions stated in the question. In the body of a question, there are always things that are unrelated to the requirements given in the question so we shall initially focus on the introduction paragraph or the initial few lines of the introduction paragraph to gain a gist about the company. Additionally, we shall focus on the requirements given in the question and/or concluding paragraph.Now, you are prepared to carefully read the question’s body, extract information that applies to the criteria specified in the question, and distinguish between material that does and doesn’t.Note: Read the requirements of the question at least twice. Q. How to approach a question other than a case study question? A different kind of query is often broken down into two parts: A concluding paragraph, requirements specified in the question, and several paragraphs (question body). There are usually aspects in a question’s body that are irrelevant to the needs stated in the question, so we will first concentrate on those requirements and/or the ending paragraph.Now you are prepared to carefully read the question’s body, extract the information that pertains to the requirements, and distinguish between that information and that which does not.Note: Read the requirements of the question at least 2 times. Must read – How To Get Rank in CA Final Examination in 3 Months Q.A Reason for choosing this topic in this video? Parag Gupta, am an ex-examiner of the ICAI Final Costing examination. We understand very well the thought process of both paper setters and paper evaluators. I can be the best guide for a student about how he or she can score remarkably on his or her examination paper and be a top scorer or a rank holder in the examination. A Last minute-pro tip!Even though you are fluent in English, translate the question into your native language to gain unparallel comprehension of the same question.

CA, Blogs

Indirect Tax

Studybytech / September 5, 2019

In this article, you’ll learn about Indirect tax, the types of Indirect tax, and the advantages of Indirect tax. Indirect Tax in India Indirect Tax: Charge levied by the State on consumption, expenditure, privilege, or right, but not on financial gain or property. Customs duties levied on imports, excise duties on production, excise tax, or value-added tax (VAT) at some stage in the production-distribution method, are samples of indirect taxes in India. As a result, Indirect taxes are not levied directly on the financial gain of the patron or job holder. Since they are less obvious than taxation (because they do not show abreast of the wage slip) politicians are tempted to extend them to come up with additional state revenue, conjointly referred to as consumption taxes, their regressive measures as a result of not supporting the power to pay principle. Indirect totally differs from Direct tax. Types of Indirect Taxes Below are some types of Indirect Taxes : Advantages of Indirect Tax Below mentioned are some advantages of Indirect tax

Blogs, CA

Direct Tax in India

Studybytech / September 4, 2019

Direct Tax in India In this article you”ll learn what is Direct Tax and Advantages of Direct Tax A Direct Tax wherever the impact and therefore the incidence been equivalent class is outlined as a right away Tax. The direct tax is paid directly by the organization or a person to the entity that has obligatory the payment. The tax should be paid on to the govt and can’t be paid to anyone else.The Central Board of Direct Taxes (C.B.D.T) oversees direct taxation in Bharat. The CBDT was shaped as a result of the Central Board of Revenue Act, 1924. The department is accountable for overseeing the revenue enhancement laws and could be aa part of the Department of Revenue within the Ministry of Finance. The Central Board of Direct Taxes conjointly provides suggestions and inputs for the design and handling of all direct taxes in India. What are the types of Direct Taxes? The various types of direct taxes that are obligatory in India mentioned below:Income Tax: betting associate in Nursing individual’s age and earnings, revenue enhancement should be paid. numerous tax slabs are determined by the govt of India that determines the number of revenue enhancement that has got to be paid. The payer should file revenue enhancement Returns (I.T.R) on a yearly basis. people might receive a refund or might need to pay a tax betting on their I.T.R. vast penalties are levied just in case people don’t file their I.T.R. Wealth Tax: The tax should be paid on a yearly basis and depends on the possession of properties and therefore the value of the property. just in case personal owns a property, wealth tax should be paid Associate in Nursing doesn’t rely upon whether or not the property generates a financial gain or not. Corporate taxpayers: Hindu Undivided Families (HUFs), and people should pay wealth tax betting on their residential standing. Payment of wealth tax is exempt for assets like gold deposit bonds, stock holdings, house property, business property that are rented for quite three hundred days, and if the house property is owned for business and skilled use. Estate Tax: it’s conjointly referred to as death tax and is paid supported the worth of the estate or the cash that a person has left once his/her death. Corporate Tax: Domestic corporations, except for shareholders, caught to pay company tax. Foreign companies would Health Organization build Associate in Nursing financial gain in Bharat also will pay company tax. financial gain attained via commerce assets, technical service fees, dividends, royalties, or interest that primarily based in India are nonexempt. The below-mentioned taxes also are enclosed below company Tax: Securities group action Tax (S.T.T): The tax should be got any financial gain that attained via security transactions that are nonexempt. Dividend Distribution Tax (DDT): just in case any domestic corporations declare, distribute, or are paid any amounts as dividends by shareholders, insect powder is levied on them. However, insect powder isn’t levied on foreign corporations. Fringe advantages Tax: corporations that offer fringe advantages for maids, drivers, etc., Fringe advantages Tax is levied on them. Minimum Alternate Tax (MAT): For zero-tax corporations that have accounts ready in keeping with the businesses, MAT is levied on them. Capital Gains Tax: it’s a style of revenue enhancement that’s paid because of the financial gain that attained from the sale of assets or investments. Investments in farms, bonds, shares, businesses, art, and residential return below capital assets supported its holding amount, tax is classified into long-run and short. Any assets, except for securities, that sold-out at intervals thirty-six months from the time they were non-heritable return below short gains. long-run assets are levied if any financial gain is generated from the sale of properties that are command for a length of quite thirty-six months. Advantages of Direct Tax What are the advantages of Direct Taxes in India?The main blessings of Direct Taxes in the Asian nation are mentioned below: Economic associated Social balance: the govt. of Asian nation has launched well-balanced tax slabs looking on an individual’s earnings and age. The tax slabs also are determined to support the economic scenario of the country. Exemptions are also place in situation order that all financial gain inequalities are balanced out. Productivity: As there’s a growth within the range of individuals agency work and community, the returns from direct taxes additionally will increase. Therefore, direct taxes are thought-about to be terribly productive.Inflation is curbed: Tax is exaggerated by the govt. throughout inflation. the rise in taxes reduces the need for product and services, that results in inflation to compress. Certainty: thanks to the presence of direct taxes, there’s a way of certainty from the govt.and also the payer the quantity, the number} that has got to be paid and also the amount that has got to be collected is thought by the payer and also the government, severally. Distribution of wealth is equal: Higher taxes are charged by the govt. to the people or organizations that may afford them. This more money is employed to assist the poor and lower societies in the Asian nation.Even though there are some disadvantages, direct taxes play an awfully necessary role in India’s economy. If these taxes are brought into impact suitably, they may play a large role in sustaining value levels and to forestall inflation. To know more about Direct Tax read more: CA. Satish Mangal

Blogs, CA

Articleship in CA and It’s Importance in the Course

Studybytech / August 28, 2019

This article will make you aware of the importance of articleship and why you should avoid dummy articleship. You must be aware that articleship is a mandatory part of the Chartered Accountancy course, and if you are reading this article, it’s probable that you are going to start your articleship soon but are confused a lot. Are you confused about whether to join an articleship in the CA course or go for dummy training? Have you been guided by any of your seniors in joining your articleship? whether you are afraid of joining the workstation at such a young age when your other friends are going to college and chilling their life with friends? Or are you getting scared from working at late nights, or handling a huge workload? Or you might be thinking that articleship won’t allow you to score well in your CA Final Exam or you can gain such 3 years of Experience after becoming a Chartered Accountant by joining some CA firm for 3-4 months. Do you really feel that articleship in California is burdensome? Or it can spoil your young age? But have you ever thought that you are pursuing chartered accounting, the most respected profession in the commerce stream? Only a few students get a chance to commence articles after qualifying its Intermediate level and you have been selected from among such few students. TOP 4 Best CA Companies in India Out of these, the best CA companies in India, or we can say, the top 4 CA companies, have the highest reputation and are where every CA student dreams of working. The best CA companies in India are E&Y, PWC, Deloitte, and KPMG. Most students dream of getting a 3-year articleship from top CA companies in India and then becoming a CA to get a job in these companies. Every year after the CA result, a large number of companies hire fresh CAs. If you are looking for a place where you will get to learn and where your knowledge and experience will increase, then this is the best place for you. In these companies, CA salary in India ranges between 7 to 6 lakhs on an average. And after a few years of experience, this firm offers you up to Rs. 25 lakh, but it all depends on your ability and your performance in the company. Importance of Articleship in CA Turn Into a True Professional – Three years are more than enough to mold you into a true professional. The moment you become a chartered accountant, you will be a young CA with 3 years of experience. You not only possess the bookish knowledge but you possess a lot of practical experience. Experience to Handle the Clients – Generally, the students who pass out of the other courses are very unaware of the practical world. They know how to do the client’s work, but they don’t know how to retain them or how to deal with them. This has the benefit that, as soon as you become a CA, you can start your own practice and make clients. Help to Answer Case Studies in your Final Paper – At the CA Final Level, ICAI demands a full-fledged Chartered Accountant who possesses theoretical as well as practical knowledge. Hence, some of your papers are based on practical, life-based case studies such as auditing, taxation, etc. Candidates who have taken their articleship very seriously get it’s a benefit in their CA Final Papers also. Develops a Professional Attitude – Our posture, our way of talking with people, our presence of mind when a client asks some query but we are not aware of it, the way we are representing our team in front of the Board of Directors, the way we are handling the deadlines, the way we are handling the multiple tasks, and also the patience level we maintain while handling the tough situations—all of these things judge our behavior, our attitude and our personality. Articleship taught us all such things. Learn to Manage Time – It has been said that if you can manage your time during articleship, you can manage anything. The schedule of a CA student during their articleship is actually beyond words. A general CA student leaves his home at 6.00 in the morning for coaching, reach sharp 10.00 AM at the office and after working all the day in the office again join the class at 6.00 in the evening as well as spend some time for self-study thereafter. They have to manage their self-study, coaching, office, audit, meetings, deadlines, work pressure, family time, and so many other things, and all of this at an early age. Hence, if you can manage such things properly, I believe that you have learned management. I hope this article reduced your confusion about joining the practical training program in chartered accounting. According to the top CA faculties, “articleship is a golden period” in the CA curriculum. Definitely, you have to handle the stress, but more than that, you will get to learn an infinite number of things. If you like the above content, kindly share your comments and share this to the maximum people so that not even a single student go for dummy articleship and spoil his career even after becoming Chartered Accountant. Also Read:-

CA Inter, Costing

CA Inter Costing | STANDARD COSTING | Parag Gupta sir

Studybytech / August 20, 2019

What is Standard costing? Standard costing is a cost accounting technique where we calculate a planned or ‘standard’ cost of materials, labour and overhead, and then compare that to the actual costs to evaluate performance using variances.Standard costing is a recognised method of performance evaluation, as well as a recognised control and planning technique, and is used for decision-making because it provides benchmarks by which to assess activity efficiency, as well as allow for deviations from standards for cost purposes at the intermediate level recommended by ICAI. ImportanceVariance analysis provides important information to managers by identifying where and why actual costs diverge from standards and allows for implementation of targeted corrective actions to improve processes, profitability, and ultimately pricing by focusing on areas of research, development, or production cost development that are inefficient.Standard costing also facilitates budgeting and performance evaluation, making it useful as a control mechanism in manufacturing companies and service industries. Key terminologyStandard cost – planned unit cost of a product, component or service for a time period stipulated under defined conditions.Variance – money-value difference (i.e., excess or shortfall) between actual and standard; favourable variance: favourable if it decreases cost or increases profit; adverse variance: adverse if it increases costs or decreases profitStandard quantity (SQ), Standard price/rate (SP/SR), Actual quantity/hours (AQ/AH), Actual price/rate (AP/AR) – the core drivers of material, labour, and overhead variances. Thus, the commonplace price could be a pre-determined price, the calculation of that is finished when taking into thought, on the idea management’s standards of economical operation, the relevant necessary expenditure. the quality cost accounting technique was evolved for the aim of eliminating the shortcomings of historical cost accounting. Techniques of Standard Costing The techniques of ordinary Standard Costing square measure the following: Types of Standards Standards may be established as basic, ideal, attainable, or current depending on whether the intent is to establish benchmarks for time frames far into the future, optimum conditions, achievable levels of efficiency, or the manner in which we currently undertake activities.A key component in the derivation of standards is generally the use of technical specifications, engineering calculations, and past experiences to predict resources and rates of use that are aligned with policy and capacity assumptions. Core formulas Variance analysis overview In standard costing, total cost variance can be broken down into material, labour and overhead variances, which can be analyzed into price/rate and quantity/efficiency effects in order to precisely identify the cause of the variance.This structure enables a specific investigation and disposition of variances, thus providing clear accountability to departments concerning control measures.

ICAI, CA

CA salary in India

Studybytech / August 13, 2019

CA Salary in India How much is a CA’s salary? This will depend on his qualifications, his ability to work, and his experience. CA salary in India lives between 6 lahks to 30 lahks. If talking about the international level, then this figure goes above about 75 lakhs. In the final year of campus placement organized by ICAI, a monthly salary of Rs. 7 lacks was offered to each CA. However, many students started their independent practice after working for 2 to 3 years in a company. And if any of them is capable, then there is no limit to the good growth they can achieve. In this article, we will tell you the maximum and minimum CA salary in India. TOP 4 Best CA Companies in India Out of these, the best CA companies in India, or we can say, the top 4 CA companies, have the highest reputation and are where every CA student dreams of working. The best CA companies in India are E&Y, PWC, Deloitte, and KPMG. Most students dream of getting a 3-year articleship from top CA companies in India and then becoming a CA to get a job in these companies. Every year after the CA result, a large number of companies hire fresh CAs. If you are looking for a place where you will get to learn and where your knowledge and experience will increase, then this is the best place for you. In these companies, CA salary in India ranges between 7 to 6 lakhs on average. And after a few years of experience, this firm offers you up to Rs. 25 lahks, but it all depends on your ability and your performance in the company. CA Firms Candidates wishing to start their work also get good experience working as a fresher CA in these firms. Here, they get to know very well how to deal with customers and income tax officers. You may be thinking that you have gained such experience even in your writing training, but the scope of an article is always limited. The experience you can gain after becoming a chartered accountant may not be possible with your writing training. In such firms, CA’s are between 3 to 8 lakhs. IT Industry Large IT sector companies are a good option for new CAs because they offer a good package salary with less workload. But as a chartered accountant, you do not make much progress in your knowledge and experience. Public Sector Undertakings Many public sector undertakings, such as BSNL, ONGC, BHEL, and HEL, also recruit CAs via campus placements. These companies mostly take candidates whose numbers are between 55 and 60%. The salary of a CA in these companies varies between 7 to 15 lakhs. The salary grows a little slower here, but this is also a good option for you. Countries Which Give Highest Salary to Chartered Accountants There are Some countries provide salaries to chartered accountants. These countries give this much salary to chartered accountants based on their experience, knowledge, and working ability. Chartered accountancy is one of the most respected professions and is also one of the toughest exams in India. So, after all this handwork, a CA deserves a good salary. Below, we have shared some countries which Give the Highest salary to Chartered Accountants. Countries with the Highest salary for Chartered Accountants:- Above, we have given a list of some of the best countries that paid the highest salary to chartered accountants based on their workability and experience. Other Course By Parag Gupta Sir Parag Gupta Sir is one of the pioneers in the teaching industry for CA Final Costing, and the CMA Course is considered the best teacher in the world of coaching for CA Final Costing New Course as well as CA Final Old Course Costing. He is always considered the student’s first recommendation.