Most difficult part of the CA exams is the levels involved in these exams. The CA exams have 3 stages
1) Foundation: This level includes 4 papers
2) CA Inter: This level includes 8 subjects which are divided into 2 groups. To clear these groups , a minimum score of 50% is required in aggregate in addition to getting a minimum score 40% in each of the individual subjects. Most of the students are not able to achieve the aggregate score of 50 %.
3) CA Final: The toughest of all levels, this level also includes 8 subjects which are divided into 2 groups. To clear these groups, a minimum score of 50% is required in aggregate in addition to getting a minimum score 40% in each of the individual subjects.
The complex structure and the vast coverage make these exams really difficult to crack.
Though Indian CA is the most reputable and honourable achievement for any individual, CPA is the highest accounting qualification of US. Students who find CA challenging can look for alternative options in field of accounting like US CPA.
The CPA exams are multiple choice based exams where answers are present right in front of the students. There are three things to the US CPA exams
1) Understanding of the concept
2) Application of the concept and
3) Time management
Understanding of the concept comes from the Becker books and videos that form a part of the package that is provided by Vinod Gupta Learning Destination (VGLD) and the online classes provided by the Grant Thornton (GT) faculty on every Saturday and Sunday. It is advisable to attend the online live lectures as it can help to clarify the doubts in the class itself.
Application of the concept:
This is a very important part of CPA exam preparation. There can be a possibility that one feels his/her understanding of the concept is very good but does that does not necessarily mean they can apply the concept well to the questions. This can be achieved through the online test bank. The online test bank has questions for each topic, both Mcqs as well as Simulations. It is advisable to practice a few questions after going through the concept videos / books. This helps in assessing how well you have grasped the concept. As the multiple choice questions have 4 answer options, each question can be considered as equivalent to 4 questions, one for the correct answer option and 3 for the incorrect answer options. It is very important to understand the reason not just for the correct answer option but more importantly for the incorrect answer option. This is because the testing on the CPA exams is really hard.
Time Management is of utmost important as once the paper times out once the exam time is over. The online test bank can be used not only for improving the concept clarity but also for time management. Initially the time taken is not of much importance as that is the time to focus on concept clarity. However, gradually one should start keeping an eye on the time taken. As 50% of the paper is mcq based and remaining 50% Simulation (case study) based, it is important to ensure that ample time is left to crack the simulations. On the Becker’s test bank offered by VGLD, you can take tests to improve your timings. Also two full 4 hour tests are available for each subject. Once preparation for a subject is complete, one must attempt these test as they give a hands on experience about the challenges that you can face on the examination day. Also, it can help you assess the weak areas in terms of preparations so that preparation level can be improved by focusing on weak topics. Apart from that, the online test bank also keeps track of the performance levels and you can mark question that you might wish to revisit.
If these things are taken care, it bcoes mush easier to achiee your goal of being a CPA. As CPA exams have no levels, If you clear one paper, you get 18 months’ time to clear the remaining papers which is a reasonable time to clear all four papers. As exams are now in India, the CPA goal becomes even more achievable
VGLD offers complete game plan assistance for the benefit of the candidates to assist them not just in preparation but also other aspects related to the CPA program.
Please contact VGLD at www.vglearningdestination.com!