The Biggest Challenge of CA Students
Many times students ask this question- What is the biggest challenge for a CA Student? We believe that CA itself is a challenge. Every step in CA is a challenge starting from CA Foundation to CA Final. The difficulty level varies in each phase but the course remains a challenge in full as the course is like a cone- wider opening but the narrow end. In other words, entrance is easier but the final level is very difficult. Patience and hard work is the key to sail through this course.
The things which make this course tough are its vast syllabus, in-depth knowledge of every subject, duration, and of course some difficult moments which every CA student has to face while completing this course.
It doesn’t matter how long it took to complete this course. Once, you become a Chartered Accountant and have a good experience, nobody will come and ask how many attempts it took to become CA?
CA is not like Medical and Engineering courses where once you get cleared in the entrance test, surely you will get the MBBS or B.Tech degree. Everybody knows that entry in CA is far easy as a comparison to clear the whole course.
The whole syllabus of Chartered Accountancy is divided into four parts –
- CA Foundation
- CA Intermediate
- 3 Years Articleship
- CA Final
CA Foundation is an entrance test in the Chartered Accountancy course which has replaced CPT. The entrance test CA Foundation tests the basic knowledge which you have gained in your senior secondary school. The result of the CA Foundation (entrance test) generally lies between 30%-35%.
First Challenge – CA Intermediate
The challenge starts after clearing Foundation examination where students have to appear in CA Intermediate which has replaced CA IPCC. The complete syllabus of CA Intermediate is divided into 8 subjects and 2 groups. This level tests your working knowledge which is crucial to becoming a CA.
The result of CA Intermediate generally lies up to 10%. 10% is from that 30% who cleared CA Foundation.
Most of the students have to go through multiple attempts while clearing this level.
Second Challenge – Articleship Training
After clearing either one or both groups of CA Intermediate, a student can get themselves register for 3 years articleship training and this is the beginning where CA Student step into the practical world.
Here, She/he gets to see the business environment, work culture, practical exposure where the real knowledge is tested. Articleship period is considered to be the golden period where a CA Student can commit mistakes and learn from them. The more a CA student sweats in his/her training period, the lesser has to struggle after becoming CA. There have been some real cases where a student takes dummy articleship and have no practical knowledge. And later after becoming CA and joining the office, faces criticism which is very humiliating.
Managing article ship with CA studies is quite challenging and demanding as well. There will be some bad days when you would feel less motivated. But the end result will always be fruitful.
Biggest Challenge of CA Final
After a hard work and patience of more than 4 years, here, you will have to face the biggest challenge of this course where all your accumulated knowledge will be tested. The final level tests your intelligence, knowledge, memory, hard work, and expects you to be a full-fledged Chartered Accountant. It also tests your knowledge gained during practical work exposure.
The result percentage of Final varies from 2 to 10 percent depending on the demand for CA’s in industries.
The above is all about the challenges of CA students. Once S/he becomes a CA, other challenges start like job, business, compensation, and so on. It’s the attitude that helps up to go through any situation. One should always be positive about any new challenges and face them with full preparation.
CA coaching wishes all the students good luck in their future endeavors!!