As a CA Intermediate candidate, you can appear in one or both groups of CA Inter Examination. In CA Inter group 1 subjects, you will study four papers that are Accounting, Laws, Cost & Management Accounting, and Taxation. Now, to score exemption in these subjects you need to study according to the proper plan. But before knowing the study tips, let us tell you about the Exemption.
The exemption means the student who got at least 60% marks in a subject. So, if they fail in paper 1 but got an exemption in paper 3, then do not have to appear for paper 3 in the next attempt.
Now to get exemption in CA Inter group 1 subjects, your syllabus must be completed on time, you should do three time s revisions and you should solve enough CA Inter question papers.
In this article, you’ll get the sure success study plan for the CA Inter group 1 subjects from the VSI Jaipur Institute. VSI is among the best CA Intermediate coaching in India that has 5 All India 1st Ranks.
CA Intermediate Group 1 Subjects & Weightage
The CA Inter Group 1 subjects are:
- Accounting
- Corporate Laws and Other Laws
- Cost and Management Accounting
- Taxation
In the table below, we have mentioned the CA Inter Group 1 subjects weightage:
| Group I | |
| Paper 1: Accounting | 100 |
| Paper 2: Corporate and Other Law Part 1: Company Laws Part 2: Other Laws |
100 60 40 |
| Paper 3 Cost and Management Accounting | 100 |
| Paper 4: Taxation Part A: Income Tax Law Part B: Indirect Tax Laws |
100 60 40 |
Therefore, in the CA Intermediate Exam conducted by ICAI, we have eight papers altogether, and in Group 1, we have four subjects. Students must know the CA Inter exam dates 2022 to make an effective study plan for the group 1 subjects.
So, now let’s check out the VSI Study Plan for the CA Inter group 1 subjects.
VSI Study Plan to Score Exemption in CA Inter Group 1 Subjects
Now, let’s check the preparation tips to score exemption in CA Inter Group 1 subjects.
Study Plan for Accounting
Accounts is the most scoring subject from which the students can target their aggregate marks. The best tip for accounts is that you must be updated with all the latest schedules and know to prepare the balance sheet. You can easily cover 20 marks from Accounting Standards.
Marks from this section require a lot of practice and the latest schedules. Also, if you cover the amalgamation topic from accountings, you will be able to cover the 8 to 16 marks in your exam. Additionally, if you master topics such as incomplete records and partnership accountings, you can score eight marks, and the topic such as Hire Purchase will cover five marks.
Study Plan for Corporate and Other Laws
For the Corporate and Others Laws paper, you need to focus on both parts equally. Never make the mistake of totally leaving the other laws portion and relying on the Company law for the 60 marks. Therefore, while making your CA Inter preparation strategy, don’t skip any topic.
The first question in the paper is always compulsory, and if, in any case, the first question is from Other laws, you will miss your marks. Also, the marks are set in such a way that you will get questions from each of the parts. This is why the students must focus equally on both parts of this paper. Since the law is directly related to the interpretation, you must go into the depth of each law and understand it. Also, be very careful regarding the section numbers, and do not write if you are unsure.
Study Plan for Cost and Management Accounting
Among the CA Inter group 1 syllabus, costing is again a scoring subject that will help you in getting an exemption. In costing, you need to clear your concepts so that you can understand topics instead of learning them. Now let us discuss the study plan for Cost and management accounting,
From the entire paper, ABC costing is simple and scoring, so students must prepare this very well, and then next they can go with Ascertainment Cost and Priority for good enough marks for exemption. Go through the Accountings, the process, and the contrast Costing very carefully. Cost Control and Analysis cover 40 per cent of this paper, so this can be done well for good exemption.
Study Plan for Taxation
Taxation is again divided into two parts compromising Indirect and Direct Tax. This paper is a proper mashup of practical and theoretical portions of the syllabus. The clause of this paper will help you in the exams and articleship. It would help if you covered the major sectors are Heads, Salary and House, etc. With this, you can also learn the significant section numbers. For all the important amendments and changes, go through the official ICAI materials.
So, to get an exemption in the CA Inter group 1 subjects, you need to prepare a CA Intermediate preparation strategy accordingly.
Other Study Tips That Students Must Follow
Now, let us go with some other CA Intermediate preparation tips that the students must follow while preparing for CA Intermediate Group 1 subjects:
- Time Management: Time management and the productive use of time, both are the most precious things. So, you need to fix your hours to study and also stay away from the distractions that have a high probability to consume your time.
- Study with Consistency: Consistency is the core thing behind any success mantra. If you are consistent in your CA Intermediate preparation, you will get an exemption in the CA Inter subjects. So, students appearing for the CA Intermediate exam must be consistent with their studies and should devote time daily.
- Self-Analysis: Self-analysis will help you to analyze the topics that you have been lacking and also those topics in which you are good. For this, give a mock test and then evaluate the answers and improve accordingly.
- Practice More and More: Practice is the core feature that will help you get an exemption in the CA Intermediate exam. So, from all the chapters and the topics, try that you have practised enough questions. You can also refer to the practice papers, last year’s papers, sample papers, etc.
- Give the Mock Tests: The CA Intermediate students must appear in the mock tests and the revision test papers. This will help students to understand the question paper, learn to manage time, and also know how to present answers.
Conclusion
Therefore, here in this article, we talked about the major tips by VSI Jaipur for scoring exemption in CA Inter Group 1 subjects. These tips by VSI, one of the leading CA intermediate coaching institutes, are followed by many students.
Even the passed-out students also suggest following these same tips for scoring exemptions. Though scoring exemption gets you suitable opportunities and lowers your burden of appearing for the same papers, again and again, remember this might not get you the ranks. So, try to clear the CA Intermediate exams in a single attempt.
