Passing the CA Intermediate Exam: Best Preparation Strategies for Your May 2022 Start

Starting your CA Intermediate preparation in May 2022, with the November 2022 exams on the horizon, might seem like a tall order. However, with the right planning and strategies, you can indeed pass the exam with confidence. This article will provide you with a comprehensive plan to help you get started, including the best resources to use and a detailed schedule to follow.

Choosing the Right Study Materials

For Taxation: As taxation is a subject that frequently updates, it's recommended that you invest in the latest books for taxation. This ensures you have accurate and relevant information to prepare for the exam.

For Other Subjects: If you find that other subjects such as Accounts, Economics, and Law are not frequently updated, you can continue using your current books. However, always keep an eye on any changes or updates provided by the Institute of Chartered Accountants of India (ICAI).

Using ICAI Resources: The ICAI provides November 2022 modules on their website, which can be used to supplement your preparation. Match these modules with your May 2021 books, making notes of the changes wherever applicable.

Developing a Study Plan for Success

With a little less than 6 months to go, you have a reasonable amount of time to prepare. Here’s a step-by-step guide to help you make the most of it:

Focus on Practical Subjects First

Practical Subjects: Start with practical subjects where you should solve sums at least thrice. This will help you build a strong foundation and improve your problem-solving skills.

Theory Preparation: Once you have a good grasp of the practical subjects, start studying theory. Begin this about 3.5 months before the exam. Regular revision is key to retaining information. Try to revise everything at least twice, or better yet, three times.

Refer to my detailed answer on how to prepare for CA Intermediate for more insights and tips.

Daily Study Schedule

To maximize your potential, follow a structured study schedule. Here’s a daily plan to help you organize your time effectively:

Regular Study Schedule (Monday to Saturday)

Morning: Wake up at 5:00 AM and get ready to study in 30 minutes.

Morning Session A (5:30 to 7:30): Study (2 hours) Break and Breakfast: Take breakfast and listen to some music. Morning Session B (8:00 to 10:00): Study (2 hours)

Evening: Finish your morning study session by 10:00 AM and try to reach the office by 30 minutes.

Evening Session C (7:00 to 8:30): Study (1.5 hours) Break and Dinner: Enjoy dinner and return home by 9:00 PM. Evening Session D (9:00 to 11:00): Study (2 hours)

Sunday Schedule

Morning (5:00 AM to 10:00 AM): Similar to the regular day schedule. Office Study Time (10:30 to 6:30): Spend 6 hours studying at the office.

Material for Study

ICAI Study Material: Use the latest modules available on the ICAI website. RTPs (Revised Textbooks): Review the RTPs for important updates and changes. Mock Tests: Take as many mock tests as possible to assess your progress and identify areas for improvement. Last Exam Papers: Study previous exam papers to familiarize yourself with the format and types of questions.

By following this rigorous schedule and utilizing the best study materials, you can effectively prepare for the CA Intermediate exam. Remember, consistency and regular revision are key to success. Good luck!