Preparation Strategy For CA FINAL GROUP 1 May 24 [1month]

Want to attain good marks in CA final then this is the right platform for you.

Sailing through exams for professional courses has never been easy. It is more of a smart work rather than hard work. The exam time table has been released and it gives us almost 1 months (approx.) to revise all the subjects properly (Final preparation) and secure good marks.

As you know CA Final Group 1 includes 3 subjects

  • Financial Reporting
  • Advanced Financial Management
  • Advanced Auditing, Assurance and Professional Ethics

 In which the former two subjects (FR & AFM) are practical and latter (Audit) is theoretical.

Specific Points to Know for May 2024 CA Final Exams:-

  • Multiple Choice Questions (MCQ's) are Applicable for all 5 Subjects

Current Preparation Assumption

We assume that you have previously completed all the lectures of 3 subjects ( 2 practical & 1 theory) and are planning to complete the revision of all the lectures till the 3rd Week of April 2024. However, if you feel that any of your subjects still needs proper preparation, then you can opt for Fast Track or Crash Course of that subject. Below is mentioned the link for Fast Track Courses by Top Faculties :

Financial Reporting  New Syllabus
Advanced Financial Management New Syllabus
Advanced Auditing, Assurance and Professional Ethics New Syllabus


So now your 1st level of study from the videos or class lectures for 3 subjects of group 1 is over. Now its time for Revision the contents in the last 1 month (i.e. April 24)

Crucial Resources for Revision

  1. During this period, student should focus on understanding the paper pattern and prepare himself accordingly. So solving of Revision Test Papers & Mock Test Papers becomes utmost important as it gives students a clear idea about the question pattern of all the subjects.

LinksRevision Test Papers  | Mock Test Papers

  1. Since Multiple Choice Questions (MCQ’s) has a weightage of 30%, so it is advisable to solve MCQ given by ICAI and all the top faculties so that students can score full marks in this section. If you score 30 out of 30 in MCQ section, then getting exemption (60+) becomes easy even in theory papers.

Link - Multiple Choice Questions (MCQ)

  • You can reassess your strengths and weakness subject wise again and focus on the chapters which you find difficult by referring to PDF’s/Videos given by Top Faculties. We have tried to accumulate all the PDF’s/Videos available across all platforms in one page subject wise for easy reference. Subject Wise Free Resource Links: 
    1. Financial Reporting : Click here
    2. Advanced Financial Management  : Click Here
    3. Advanced Auditing, Assurance and Professional Ethics : Click Here

    Few Important Points Summarized for Last Month Preparation

    • Go through all the important points and make a note of them chapter wise. As on the day before exam, you will get time to go through these points only.
    • Refer to Practice Manual, Revision Test Papers, Past Year Papers and try to complete all the relevant questions mentioned there
    • In CA Finals, Time Management is most important as students despite knowing the answers falls short of time to finish the papers. Hence it is advisable to practice questions in time bound format.
    • Solve mock papers. 
    • Understand the weightage of marks and plan your time devotion topic wise accordingly.
    • Most Importantly...Start Studying..!!.


    April 2024 Plan [Remaining Last Month before Exams]:-

    • Firstly, Practice your Critical Topics Which are Important for exams too. It is advisable to not leave any topic for exams as each topic if comes in exams carry a weightage of 10-14%, which can’t be ignored
    • A thorough revision of all the topics and preparation of notes for Exam Day Revision. Exam Day Revision is the most crucial part of CA Finals, as it is utmost important to revise or give a bird's eye view to almost all the topics one day before the exams.
    • It is advisable to prepare one pager notes for each topic which is sufficient for you to refer one day before exams instead of referring bulky books on the exam day.
    • Since your first paper is Financial Reporting so you need to complete other subjects by 26th April so that you will have 4 days in hand for full fledged preparation of FR properly.

    Theory Subject - Important Points to note :

    • Always write and practice.
    • Learn Point Heading and write.
    • Try for Mock Exams by ICAI and different faculties.
    • Solve MCQ'S [30marks each]
    • Use Mnemonics Technique to Memorise Headings
    • Make sure to make notes & mark all your doubts while watching the lectures.

     Moreover, You can get in touch with our expert, Miss Abhilasha Sharma or Mr.  Abhishek Bajaj (Mobile – 9051753757) exclusively associated with 

    Hope you can find this article helpful. If you did like this Blog then Share it with your friends who are doing CA Final studies or who will be giving their CA Final Exams in the near future. 

    All The Best..!!


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