CA Final Group 2 OLD Video Lectures

The strategy of Planning for CA FINAL Group 2

If you want to achieve good marks in the CA final, this is the correct forum for you. Some students may have cleared CA Final Group 1 and waited to prefix the tag “CA” to their name after Group 2 exams. We have tried to use our experience and student’s reviews to compose the CA Final Group 2 Nov’20 Exams Plan. Sailing for professional courses through examinations has never been easy. Rather than hard work, it is more of a smart career. The CA Final Time Table has been published and will begin in November, giving you two months (approximately) to review and secure good marks. You can search for CA Final Group 2 OLD Video Lectures for more information.

CA Final Group 2 contains four subjects:

Strategic cost control & performance assessment / advanced accounting for management (SCMPE / AMA)

CA Final Group 2 (OLD) Course: Direct Tax & Foreign Taxation

[Same for Old / New] Indirect Tax Laws

Electives (6 Paper Options) /Information System and Audit of Control (ISCA)

From the subjects listed above:

Old Syllabus

We have 3 Practical Papers & 1 (ISCA) Theory, Paper. 

New one:

All three mandatory papers include both practical and theoretical papers in Practical & Electives.

However, the pattern of the SCMPE (Costing) paper has completely changed, and the question of the application-based theory is raised, which covers several topics in one subject. So, students need to adjust the way they plan for the Costing Report. Buy Online CA Final Group 2 OLD Courses for further knowledge. 

CA Final Exams Basic Points to Know for Nov 2020:-

For two subjects, multiple-choice questions (MCQ’s) apply-Direct Tax & Indirect Tax (Both Old & New Syllabus)

Benefit

  • Full marks for the right answer. Passing marks and aggregate would help achieve them.
  • Disadvantage (if you would like to think of one)
  • Mandatory question with no option
  • In-depth research will be needed.
  • Make sure that best faculty for the video lectures. 
  • Mock Test Papers and other Free Tools.

In Nov 2019, the old term’s Average Pass rate was higher than the new term for CA Final Exams. Therefore, the Old Syllabus Students appearing in Nov 2020 have an advantage over the Current Syllabus Students. However, the passing percentage is expected to be retained in full for Old Syllabus exams as this is the 2nd last word.

Present Assumption for Planning

We presume that you have completed all lectures of at least two subjects by the 2nd week of July (Say, Costing & Direct Taxes) and scheduled to complete the other two subjects’ video lectures by the end of July 2020.

In the last 3-4 months of tests, students usually choose to prepare for Indirect Taxes & Electives / ISCA. IDT is expected to have significant changes (mainly GST) and theoretical papers are predominantly ISCA or Elective.

So now your 1st level of analysis for four subjects in group 2 from the videos or class lectures is over. Now, in the next three months (i.e., until October 2020), it is time for self-practice & material memorization.

Few Self Study Essential Points

  • Please go through all the key points and make a chapter-wise notes.
  • Refer to the Practice Manual, Revision Test Papers, Past Year Papers and complete all the issues mentioned therein.
  • Time management is most relevant in CA Finals as students, despite recognizing the responses fall short of time to finish the papers. It is also advisable to practice questions in a time-bound format.
  • Solving mock articles. (To go through the mock documents and essential tools, you can take a look at this link)
  • Understand the weighting of marks and schedule your subject of time devotion accordingly.

Types of Roles one gets after Chartered Accountant Course & Pay Scale:

  • Auditor: Auditors are professionals who are required to examine the finances of the companies in order to check their accounts. Most of the companies prefer to appoint internal auditors.

    Pay Scale: The initial salary is somewhere around 3.5 Lakhs – 4 Lakhs and can go up to 14 – 15 Lakhs per annum. 
  • Accounts Clerk: An accounts clerk is a professional who has the responsibility to record a specific type of financial transactions. The primary focus of the accounts clerk is on the following:
    – Billing
    – Payroll
    – Accounts receivable
    – Accounts payable 

Pay Scale: The initial salary is somewhere around 1.5 Lakhs – 2 Lakhs and can go up to 5 -6 Lakhs per annum and senior level.

  • Business services accountant: The core responsibility of a business service accountant to provide tax and business services. The other duties include:

    – Generating financial statements
    – Preparation of the tax returns
    – Guidance on the financial strategies
    – keeping track of the depreciating assets

Pay Scale: The initial salary is somewhere around 1.5 Lakhs – 2 Lakhs and can go up to 5 -6 Lakhs per annum and senior level

  • Chief Financial Officer: A CFO is a senior level professional who is responsible for the financial success of the company.

    Pay Scale: The initial salary is somewhere around 1.5 Lakhs – 2 Lakhs and can go up to 5 -6 Lakhs per annum and senior level
  • Cost Accountants: The core responsibility of the cost accountant is to analyze the cost of materials, products, processes. These professionals have the responsibility to advise the management about the effective options to streamline the cost.

    Pay Scale: The initial salary is somewhere around 1.5 Lakhs – 2 Lakhs and can go up to 5 -6 Lakhs per annum and senior level.
  • Financial Controller: The primary responsibility of the financial controller is work along with the management teams and play a role in overall running of the business.

    Pay Scale: The initial salary is somewhere around 2 Lakhs – 2.5 Lakhs and can go up to 6 Lakhs per annum and senior level

Top Recruiting firms for Chartered Accountant:

  • Indian Oil
  • KPMG
  • EY
  • Deloitte
  • PwC
  • SS Kothari Mehta & Co.
  • Bhatia and Bhatia chartered accountants 
  • Sri Guru Kripa
  • Real-time Taxsutra services
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