Manisha Karn secured AIR-8 in CA Final-Nov’15, an icing on the cake as she had already secured AIR 6 in CA IPCC
Snippets of her conversation with Team mycastory.com
A brief intro on what triggered the CA decision at that point of time?
Ans. My decision to take up CA as a career was largely inspired by my dad and the idea that prevails that CA is a “tough” course. I took it as a challenge.
What were the key tenets of your CA exam strategy?
Ans. The most important things for any exam are strategic planning and focus on concepts. At the same time, every practical subject requires a good deal of practice.
I took tuitions for 5 practical subjects. For the other 3, I did self study. I started preparing well in advance. I was very regular in tuitions. However, I believe to take tuitions or not is a matter of personal choice. Tutors give a good understanding of the subject but if you take tuitions you should attend them sincerely otherwise it will be a waste of time and money.
A. Study schedule
I started preparing from April. Initially since I had office my study hours were limited to 3-4 hours a day. After I took study leave I used to study 7-8 hours a day effectively.
B. Strong and weak subjects (How did I prepared them?)
Accounts, sfm and cost were my strong points and I practised them well. Audit and ISCA were my weakpoints. To overcome it, I studied them conceptually rather than simply theoretically. Three times revision for each subject was my target.
I would suggest Munish Bhandari’s textbook for law, Pankaj Garg for Audit, Bangar’s main book for IDT and Mukesh Saraf along with Sanjay Khemka sir’s recording for ISCA.
How does the CA course life transform one as an individual? Can you please share your key learnings?
Ans. The first thing CA teaches you is stress management and time management. Exam stress during CA finals is so much that you automatically learn how to manage it. Also you learn how to succeed amidst high probability of failure. It develops you as a person.
I have done my articleship from N.K Daga & Associates. My principal has always been supportive. Practical exposure definitely makes your concepts more clear and helps you understand things better.
In your view, what are factors one must consider before embarking on the CA journey? Aptitude, career aspirations etc.?
Ans. Before entering any professional course it is very important to identify your career aspirations, what you want to be and where do you want to head in life. Enter the field only if it interests you. Many students get carried away by what their peers are doing instead of analysing what they themselves want to do.
What would be your advice to future CA aspirants?
Ans. My only advice is BELIEVE IN YOURSELF. You need to trust your capabilities. Respect yourself and the world will respect you. My best wishes to all CA aspirants.