WHAT ARE THE COMMON MISCONCEPTIONS OF CA STUDENTS?

Chartered Accountancy (CA) is one of the most sought-after and prestigious professional courses in thecountry. The three-level CA program comprises – Foundation, Intermediate, and Final level exam can be cleared in first attempts too, if one is determined. However, many people have a lot of misconceptions about the journey to become Chartered Accountant.

CA is the Toughest Course: A bit of a difficulty is there because it involves both practical and theoretical understanding are the three levels of Examination, three years of practical training, and a large amount of syllabus to complete in the allotted time. Exams assess a students’ knowledge as well as their capacity for analysis. It is not simple, but it is possible with careful planning, a lot of hard effort, and smart work.

CA can be pursued by only Commerce Students: One of the most widespread myths about chartered accountancy is this one. Any person from any stream can apply to become a Chartered Accountant, however as commerce students develop their accounting foundation in the 11th and 12th Standards, they have an advantage over other aspirants.

No Social Life: Throughout CA, you won't have any friends or a social life. This fallacy about studies is also fairly popular. A very wise phrase is, "Description of CA Student: Living the first few years of your life as most people won't, so you can use the last few years of your life as most people can't." All done and dusted. The fact that someone notices when you attend a social event is ultimately rewarding.

You need to study 14-15 hours: It is not required. If you pick things up quickly, you may use some of your time for other things.  In general, the amount of time we spend learning has significantly decreased in today's life due to the large number of coaching courses and the internet. Instead of focusing on the quantity of study hours, one should prioritize the quality of the study.

CA is all about Math: One of the prevailing misconceptions is that Chartered Accounts is all about math. Though math is an important subject CA is a broader concept that demands a broader skill set which includes expertise in finance, technical abilities and understanding of business and its activities.

Sought After Spreadsheet Skills: The biggest misconception about chartered accounting is this one. You must not believe this misconception if you want to study CA. To pass the examinations, you don't need to be an expert in spreadsheets or calculations. The foundations of accountancy and finance will be covered when you enroll in coaching for the CA IPCC Course. It is not required that the candidates have knowledge of mathematics or spreadsheet data.

Completing the Syllabus is Enough: this one has got to be the funniest myth. It is just not enough to complete the syllabus. You need to attempt Mock papers like free test series for ca inter May 2024. CA Exam Test Series provides the best free test series for ca inter May 2024 in the industry with 60% similar questions of ICAI exam. The free test series for ca inter May 2024 help a lot in improving presentation skills, answer writing and boosting confidence.