Tips to Clear CA in 1st Attempt
Sharing an Inspirational CA Story of Cacs Vikash Agarwal - He is CA in practice plus member of GST Support Committee, Government of NCT, Delhi and adviser to MSME Chamber of Commerce. He provides free career counseling to students to help them succeed.
"I was a very average student, people used to say PATA NAHIN TUM KYA KAROGE (Don't know what will you do in your life). I am from a very middle-class business family," says CA Vikash Agarwal, who originally hails from Kotputli, India (Rajasthan) but was raised in Liluah, West Bengal, India.
"Being the youngest, I was pampered by my parents and siblings. My brother was in dad's business. He always said - VAYAPAR AAPAR HOTA HAI (Business is ultimate). I started with normal Commerce and at the same time used to go my father's shop at Poasta market. In spite of being an average student, I always had a VISION in mind of being a successful person. Suddenly my dad's business started going into losses. I wasn't aware of how to stop these losses. Life was getting tough. By now I was in my last year of graduation.
One day while I was leaving to go to my dad's shop, my elder sister randomly came and snatched the shop keys from my hand and told me - You are no longer going to go to the shop. This incident changed my life. Since I did not have the shop to go, I decided to study further.
My childhood friend PN Jha was preparing for IAS (Indian Administrative service) and he motivated me to pursue the same. Being a very average student I did not have the courage to go all the way to Delhi, India to pursue IAS. So I decided to pursue Chartered Accountancy (CA) instead and then chase my IAS goal.
Now I had no guidance 'How to prepare for CA' and back home nobody was educated enough to guide me. So I researched a lot all by myself to understand whatever I could on CA. With no computers and internet facility, acquiring details was really tough. Somehow with a lot of hard work, I understood what is CA all about and registered for the same. I gave my best and cleared all the CA Exams in the 1st attempt itself.
I did face a lot of struggles during this journey. CA required long hours of studying. I always worked at my dad's shop, so getting back to studies was very tough. It was difficult for me to just sit and study. But with DEDICATION & DETERMINATION, I managed.
The other struggle was - Finances! My dad could only pay the CA enrollment fees, he could not afford the coaching class fees. So to pay the class fees I used to work and study. I used to work on a part-time basis even after my articleship was over in the evening. In fact, after my CA Final exams, I was so exhausted and sleep deprived that while riding my bike I dozed off and met with a serious accident.
But the main struggle of all was 'Lack of Correct Guidance'. In order to get guidance, I started to speak to as many people as I could. This made me very sociable, I was no longer shy. Interacting with different people I also developed a mind of my own thus believing in - Suno sab ki Karo man ki. To date, I follow my own heart.
The main reason for me clearing all my CA EXAMS in ONE GO was - The Right Guidance of my seniors. I followed whatever they told me and focused on becoming a CA. Motto one should keep in mind while preparing for any career - Associate with the best and leave the rest.
In 2009 I was a Qualified CA and 2010 a Qualified Company Secretary (CS). Being a CA and CS boosted my confidence and then I decided to move to Delhi and pursue my IAS dream. That's a different story that I did not qualify the exam but the IAS journey was again life changing and totally worth it.
- Balance is life or life is Balance - meaning we all should maintain BALANCE between work and life. We should manage our time for work, family and social activities.
- NETWORKING is a must for CA's, so it's better to start networking while you are preparing for CA.
- Articleship is the main area one should focus on. These days questions are designed on practical approach and practical approach comes only after articleship. Never ever opt for Dummy, this will destroy your entire career. Also at campus interviews, practical experience helps.
- Nobody in the world can motivate you if you don’t have a VISION in mind for YOURSELF. In my mind, I always visualized myself with excitement becoming a CA. This helped me stay focused on my GOAL.
- Group study worked for me. We were a group of 4 people and always studied together. It helped us motivate each other and solve our doubts.
- Like all CA aspirants, I also took coaching but later realized coaching is just to give you an idea about the subject - Mehnat to khud Karni Hoti hai ( You have to work on your own). So WORK HARD," he concluded.
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