How to complete 1st Group of IPCC in just 25 Days?

To most people, the title of this article would not be digestible but according to expert's experience, it is not only challenging, but it is achievable. It is the formulation of strategy for preparation which matters the most in an examination, combined with focus, determination and a strong will to succeed.

Here my intention is not trying to discourage those students who efficiently utilise and had worked many months for their studies but this article is for those who, by any reason like due to their college examination, marriage occation, other social commitments, have not been able to prepare well and have very less time remaining for their examination.To those students I say, don't give up! It is still possible and achievable for you to pass your exams.

Due to certain unfortunate circumstances and bad choices, I could not study well before my attempt held in May 11 and I got 189 in 1st group & failed to clear it. Feeling discouraged and demotivated, I spent the next few months in despair and disappointment. All I could think of was my failure. As a result, I wasn't able to study again and wasted most of my time before I knew it, there was just one month left for my second attempt. I ignored such attempt and gone out of India.

After coming to India I prepare for my May 12 attempt and appeared again for 1st group only.Without waiting for result of my such attempt I joined Coaching Class for both group.My coaching was going good for both group and mid while I got my result of May 12 attempt 183/400.Problem was in aggreagate only.

I decided that this failure cycle must come to an end. I began to rebuild my confidence and faith in myself. I realised that it is very important to refuse to let the fear of failure take over my mind. I gathered all the courage I could manage and decided that I CAN and WILL clear both groups this time, no matter what. Within One month, my confidence and resolve to succeed was back.

Now, I was left with approx 19 days before the first exam. I broke off all social contact and took proper care of my health. I decided that I will let nothing stop me this time, and when you fully believe in yourself, nothing can stop you from succeeding. Based on my experience, I want to share my story and suggest a study plan to those who are in a similar situation as I was. I used the following plan to prepare for my exams and it may work for you too.

Note: This plan will work only if you have taken classes for some subjects and you have some basic idea about everything - if you know absolutely nothing, no one can save you.

Create a schedule on paper for the next 15 days. Keep the last 2 days for revising Accounts. 

Buy a set of Solved Scanners (solved past year question papers) and go through the pattern of papers. CA exams can be quite unpredictable, but still you can get some idea about topics repeatedly asked in every attempt I know it is advised to study every single topic before the exams, but if you study the most repeated topics first, you can go through the remaining ones in the gaps between exams. 

On the first day, mark the most-important chapters from each subject and write them down somewhere. 

Now, you have 15 days and 4 subjects. Do not let this discourage you. Strengthen your determination and take a resolve that you can do this. Believe in yourself and in your capabilities. Each day, tell yourself that it is possible for you. Eliminate all your distractions and prepare yourself to study for around 17-18 hours a day. You will need to invest all of your free time into studying to be able to achieve this. 

First of all complete VAT and SERVICE TAX in detail with Questions and practical sums from Practice Manual 

Now you have left with only 14 days net. 

Divide all most important chapter of all four subjects as under. MOST IMPORTANT CHAPTERS OF COSTING IN 4 PARTS.

MOST IMPORTANT CHAPTERS OF FM IN 3 PARTS.

MOST IMPORTANT CHAPTERS OF A/C IN 5 PARTS.

ALL ACCOUNTING STANDARDS IN 2 PARTS.

MOST IMPORTANT CHAPTERS OF BUSINESS LAW IN 3 PARTS.

MOST IMPORTANT CHAPTERS OF COMPANY LAW IN 3 PARTS.

ENTIRE COMMUNICATION AND IMPORTANT PART OF ETHICS IN 3 PARTS.

ENTIRE INCOME TAX IN 4 PARTS

COSTING & FM THEORY IN 1 PART.

Now Prepare in following way.

ON 2ND DAY COMPLETE 1/3 PART OF BUSINESS LAW AND 1/4TH PART OF COSTING.

ON 3RD DAY COMPLETE 1/3 PART OF BUSINESS LAW AND 1/4TH PART OF COSTING.

ON 4TH DAY COMPLETE 1/3 PART OF BUSINESS LAW AND 1/4TH PART OF COSTING.

ON 5TH DAY COMPLETE 1/2 PART OF ACCOUNTING STANDARD AND 1/4TH PART OF COSTING.

ON 6TH DAY COMPLETE 1/2 PART OF ACCOUNTING STANDARD AND 1/5TH PART OF ACCOUNTING.

ON 7TH DAY COMPLETE 1/3 PART OF COMPANY LAW AND 1/5TH PART OF ACCOUNTING.

ON 8TH DAY COMPLETE 1/3 PART OF COMPANY LAW AND 1/5TH PART OF ACCOUNTING.

ON 9TH DAY COMPLETE 1/3 PART OF COMPANY LAW AND 1/5TH PART OF ACCOUNTING.

ON 10TH DAY REVISED COSTING AND FM THEORY AND 1/5TH PART OF ACCOUNTING.

ON 11TH DAY 1/3RD OF ETHICS AND COMMUNICATION AND 1/4TH OF TAXATION.

ON 12TH DAY 1/3RD OF ETHICS AND COMMUNICATION AND 1/4TH OF TAXATION.

ON 13TH DAY 1/3RD OF ETHICS AND COMMUNICATION AND 1/4TH OF TAXATION.

ON 14TH DAY 1/4 OF TAXATION AND 1/3 OF FM.

ON 15TH DAY REMAINING PART 2/3 OF FM AS FM COVERS CASH FLOW,FUND FLOW,RATIO ANALYSIS WHICH MAY BE ASKED IN PAPER 1 ACCOUNTING......

• Don't practice each question on paper, but practice the ones which you are not confident about. 
• Don't forget to read the theory as well side by side. Around 30 marks consist of theory in each attempt. 
• When you get tired of the practical questions, take a break and read the theoretical questions from Practice Manual.
• During the holidays between exams, go through the Practice Manual and read all the important topics as well as the chapters you had left out. If you are left with more time, revise your notes and go through other study material like Module. 

If you take a decision to succeed no matter what, you will be able to achieve this and clear IPCC 1st Group. This plan sounds extremely difficult to implement, but I speak from personal experience that it is possible. Do not give up, invest your time and energy into hard work and believe in yourself. Let nothing come in your way. You can do this!

All the Best