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CA Inter Preparation Strategy for May 2023 Exam

ca inter preparation strategy

The CA Inter exam is a tough examination to crack. It requires a lot of preparation and planning. Students are required to be well aware of the ICAI syllabus of CA, CA Inter exam schedule and CA Inter subjects. As the aspirants are mostly the ones who are strongly headed towards a career as chartered accountant, they need to start their CA Inter preparation strategy early and give themselves adequate time for revision and practice. Read further into this blog to know more about the CA Inter course and the ICAI Intermediate syllabus. 

CA Intermediate Subjects for May 2023 Exam

PAPERS Subjects in CA Inter Total Marks
CA Inter group 1 subjects Accounting 100 Marks
Paper 1
Paper 2 Corporate and Other Laws

Part 1- Company Laws

Part 2- Other Laws

60 + 40= 100 Marks
Paper 3 Cost and Management Accounting 100 Marks
Paper 4 Taxation

Section A- Income-Tax Law

Section B- Indirect Taxes

60 + 40= 100 Marks
CA Inter group 2 subjects Advanced Accounting 100 Marks
Paper 5
Paper 6 Auditing and Assurance 100 Marks
Paper 7 Enterprise Information Systems and Strategic Management

Part 1-  Information Systems 

Part 2- Strategic Management

50+50= 100 Marks
Paper 8 Financial Management and Economics for Finance

Part 1-Financial Management 

Part 2-Economics of Finance

60 + 40= 100 Marks

We have also written a detailed blog for the topic ICAI Exam 2023 Dates. Know the important dates for CA Foundation, CA Inter and CA Final.

CA Inter Study Plan for May 2023 Exams

Students should have a proper idea of important topics and how much time should be devoted to these topics, before starting their preparations. You should have CA Inter preparation strategy ready in advance.

  • At Least 10-12 hours should be devoted towards preparations and study time.
  • Subjects that need daily revisions include Accounts, Cost Accounting and Advanced Accounting.
  • Subjects that need weekly revisions include Law, Eco and SM. 
  • Audit and EIS also require extensive revisions but students can choose to revise these papers once in every 15 days. 

CA Inter Subject wise Study Plan for May 2023 Exams

Accounts and Advanced Accounts:

  • This paper requires a lot of practice, so students are advised to practice as many papers as possible. 
  • Just solving the papers is not enough, students must make sure that they are practicing these papers without seeing the solutions. 
  • You can refer to the ICAI module to solve these problems.
  • Make detailed notes of the theory parts. 

Corporate and other laws CA Inter:

  • Make Mnemonics and use them to recall the important points before exams.
  • Have a good hold on all the sections and understand all the concepts properly.
  • Jot down relevant cases of CA Inter law and keep overlooking them from time to time.
  • Have good writing practice to avoid lapses during exams. 

CA Inter Cost Management Accounting:

  • Stick to the basic concepts from the beginning itself.
  • Just memorizing the formulas is not enough. Make sure you have understood them properly before starting your preparations. 

CA Inter Taxation:

  • Make notes along with strong illustrations of the module.
  • Pay special attention to clauses.
  • Practice questions by ICAI.
  • Summarize each and every topic from ICAI study material or take help from Lakshya Academy’s extremely skilled faculties. 

Auditing and Assurance:

  • Students can start preparing for this paper from the topic of standards on auditing. This paper is quite mark fetching, so students can put in little effort and expect good outcomes. 
  • Answer presentation is quite noteworthy in this paper, so students should try to highlight important points and underline them as well. 

EIS-SM:

  • This topic requires daily practice and Cumulative Revision.
  • Highlight the keywords in answers.
  • Try to make concise notes that will help in last minute revisions.

FM-ECO:

  • Try to solve questions from the ICAI module to have good practice and understanding of the concepts.
  • Practice the questions and question banks of previous year.
  • Practice the questions in written form. 

CA Intermediate Preparation Tips

As ICAI is the conducting body of CA Inter exam, students can refer to ICAI resources such as:

  • ICAI Study material
  • Question papers
  • Revision papers
  • Mock Test papers
  • Sample question papers
  • Students must maintain a healthy routine and not ignore their health. A healthy mind can only process information. 
  • Take regular breaks in between strict schedule of study period.

Conclusion

CA Inter exam can be a bit scary for students who have not planned their whole schedule in a proper way. Hence, hoping that this study plan by Lakshya Education will add value to your CA Inter preparation strategy and help you all achieve greater heights of success!

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