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There are numerous questions running in the mind of CA Students just before exams and all they seek is the right advice and guidance which can help them with overcoming difficulties during exams. Some of the frequently asked questions while planning for exams 1. Whether I should attend a Crash Course of 10-15 Days and get finished with a particular Subject? First things first….there is a new trend where students are believing that joining a 10-15 days crash course for a particular subject will help them overcoming their difficulties in that subject. Well the bitter truth is attending crash courses at such crucial stage is somewhere affecting your other subjects too. We have to accept the fact that not everyone is born with the same brilliant mind, we have our own differences and it’s completely okay. So just because the crash course did worked out for some student doesn’t mean it will work for you too. So decide wisely. A crash course may provide you the road map but ultimately it’s you who have to brush-up with the subjects. So by depending entirely on crash course somewhere you are putting your attempt in jeopardy. No offense to any coaching institutes but students must believe in themselves as they are the ones who are going to attempt the exams. 2. What do you advice how I should build my Study Strategy? How you prepared for your exams? At this stage students tend to take advice from number of people who have gone through the same phase and people do provide advices as per their experiences. You need to stop doing that as you might get confused with different conflicting advices as not all the fingers are meant to be same. Do take advice but not from each and every single person in your group. Take your advice from the right person, someone on whose advice you can completely rely upon. 3. Which author should I refer for which subjects? Students are referring various authors and different sources of materials for practical and theoretical subjects. The study materials and practice manuals of institute are ignored thinking that the level of questions asked in the various authors are far superior than the institute. There are authors with quality Study materials, I do not deny that But then students fail to understand that there is a reason for every question asked in institute material and having extraordinary knowledge of the subject is of no use if you can’t attempt institute’s questions. So instead of putting extra time and effort on author’s book, do make time and refer institute study material and practice manuals along with RTP’s and Past examination questions. 4. With so limited time left should I appear both the groups or should I focus better only on one Group? Students have been in this confusion whether they should go for both groups or attempt only a single group and that’s where all the frustration begins. As different people come up with different opinions, ultimately we are the ones who ends up messing with our future. Students need to understand the fact that nobody can understand their position better than themselves. So evaluate the time left, analyze your strengths and weaknesses, and decide accordingly. Don’t rely on anybody to take your decisions for you. 5.I have been working so hard from the very beginning, I am just done with working any harder, I need a rest for few days, and I’ll cope up with the syllabus after a break of few days. Isn’t it necessary that I should take a break? Revising once, twice or thrice won’t make a difference if you are not in the right state of mind before and during exams. The real game begins 15 days before and 15 days during the exam. No matter how hard you worked if you fumble during this period of 30 days, well then as they say it’s only your luck that might help you clear your exams. This is the reason why it is suggested to have a good night’s sleep of at least 6 hours during exams. But that doesn’t mean you should take a break of few days at such a stage. You have already worked so hard so if you fumble at this stage then all your hard work will be for nothing. There has been instances where people have been on study leave of 6 months and didn’t clear the exams and there has been cases where people with a study leave of only 3 months cleared on their first attempt. Well what was the reason and how he/she cleared in first attempt even having so much less time to prepare. The answer is the “Quality”. Don’t run after quantity such as referring thrice before exams, referring various authors etc. Instead focus on quality even if it’s only study material and practice manuals that you are referring. Wishing all the Students Best of Luck in Advance and hope you all take the right decisions in the end. Blessed Be. All the best wishes from Team FWI
Dear Aspirates! Greetings from FWI. The one and only approved learning partner of ACCA in calicut. ICAI scheduled 2017 December attempt on 17 December 2017 which means you have very less time left to make yourself perfectly ready for the examination.This time the competition is going to be tough and with the time left, you must throw yourself into full-on active mode. This one month is very intense and might be hectic and stressful because you have so many things to cover. But your IPCC seniors say this one month changed their life stream forever. Let’s quickly find out what mantras can make you their successor in CA CPT examination. Mantra#1 Having the grit to excel “Grit is the Stubborn refusal to quit” Grit is the combination of passion and perseverance that defines high achievers. Success requires being deeply interested in what you are doing. You need to have the grit to excel in the exam and to keep your dream alive by working for it.”Yes, I want to become a Chartered accountant and I will really work hard for it from now on wards.” If you think like this and apply in your real life, only then continue reading the following mantras. If you have the grit to excel then you can easily clear the CA CPT exam in one month. Mantra#2 Know all about CA CPT exam “Know it before you do it” The first step for starting the preparation for CA CPT exam is know all about the CA CPT exam pattern and CA CPT syllabus. CA CPT exam is a test of four subjects i.e Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. The test is of total 200 marks. The test is divided into two sessions of two hours each. CA CPT exam is an objective type test with negative marking. Candidate required minimum 30% marks in each individual subjects and 50% in aggregate for passing the exam. Knowing all about the exam will help you to set the goal for preparing the exam in one month. Mantra#3 Have a Smart Study Plan “A Goal without a Plan is Just a Wish” I am a firm believer that you do not need to study long hours for preparing the CA CPT exam. It does not matter how many hours you study, at the end of the preparation what matters is how much you have understood and grasped from what you study. Therefore, always focus on the quality of the study, not on the quantity of study. I normally studied for 5-6 hours without leaving the single day, says Archit Agarwal student who secured 195 marks in CPT June 2017 exam. The CA CPT exam preparation routine required a lot of self Discipline and a smart time management skills. There is no other shortcut to score the good marks in the CA CPT examination. Schedule your every day of on month according to your goal or syllabus to complete the preparation in one month. Mantra#4 Do More and More Practice “Practice creates Confidence, Confidence Empowers You” More you spent time on practicing, more efficient you will have on the examination day. Take the example of Virat Kohli he has made a habit of practicing daily and the more he practices, more efficient he becomes on the ground. How much efforts you put prior to the examination that much efficient you will become on the examination day. Therefore, a serious aspirant who want to score good marks in CA CPT examination required to put in hours and hours of hard work in practicing the subject. Your practice should be focused and appropriate to your syllabus. You should regularly practice subjects through the mock test. Taking online mock test papers is also very effective and popular among students. The mock test helps me to identify my weakness and strengths in the subjects. The mock test also gave me the idea of the actual paper pattern and types of questions I can accept in the main examination, says Archit Agarwal student who secured 195 marks in CPT June 2017 exam. Mantra#5 Keep Yourself Cool “Keep Calm and Stay Cool” Don’t panic, if you feel stress during exam preparation because it’s natural. During stressed negative thoughts about your preparation coming in your mind. These type of negative thinking would not help you for preparing the exam. There would be always a temptation in our mind which is in favor of giving up the journey, as you progress in the preparation. This is mainly because of the huge pressure of the examination. So always aware that these moments are very crucial for our preparation. You have to develop the courage to face these pressures and temptations. Always be cool minded, and don’t be anxious about your upcoming one-month preparation process. If you maintain focus towards studies and do not be worry about exam preparation then you can easily get the good marks in CA CPT exam in one month. Follow above the success mantras and the success is in your hands
ACCA Course In Calicut, FIRST WORD INTERNATIONAL ACCA Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188, 000 members and 480, 000 students in 178 countries. ACCA's headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7, 100 Approved Employers worldwide, who provide employee development. The term 'Chartered' in ACCA qualification refers to the Royal Charter granted in 1974. Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections. The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.
What is the average salary of a CMA in India !!!!!!! ??? The average salary of a newly Qualified CMA with no experience will vary from RS.3.5 lakh to 4 Lakh p.a. However, If one have Corporate skills and good Academic knowledge, he may get up to RS.6 lakh p.a. as starting Salary. Fresh CMAs interested in building their long term practice are offered a minimum of Rs 3 lakh per annum, plus revenue share out of incremental revenues from professional work of the firm in the specified location. ################################################# FWI - THE FINANCE SCHOOL - CALICUT CMA | ACCA ADMISSION FOR THE UPCOMING BATCHES CONTINUES..... FOR ENQUIRY CONTACT : 8330812121 ################################################## #CMA #CMA_INDIA #CMA_SCOPE_IN_INDIA #CMA_LOW_COST_KERALA #CMA_PLACEMENTS #CMA_INDIA_SALARY_SCALE #CMA_KOZHIKODE
What is Cost and Accountant Management ( CMA ) Course???? The CMA foundation exam is conducted across the country every year in June and December to those who have completed 10+2. The Syllabus and Examination Pattern of CMA ################################## Paper I (100 marks): Fundamentals of economics (50 marks) and management (50 marks) Paper II (100 marks): Fundamental of financial accounting (60 marks) and fundamentals of cost and financial management (40 marks) Paper III (100 marks): Fundamentals of commercial laws (70 marks), fundamentals of industrial laws (20 marks), and fundamentals of ethics (10 marks). Paper IV (100 marks): Fundamentals of business mathematics (40 marks), fundamentals of business statistics (60 marks). All these papers are conducted for a total of 400 marks. All papers with the questions in objective model are conducted on the same day. In this exam one need to get at least 50% (200 marks) or more than that. Only those shall be declared as passed out in the foundation exam. CMA-Intermediate ############## Those who have done CMA foundation course / degree completed /CAIPCC completed are all eligible to write the CMA intermediate examination after one year of registration for the CMA intermediate. In the CMA Intermediate total 8 papers are divided into two groups. Papers in group I : Financial accounting, laws, ethics and governance, direct taxation, cost accounting and financial management. Papers in group II: Operations management and information system, cost management accountancy, indirect taxation, company accounts and audit. In the above every paper carries 100 marks. According to the comfort of the candidates they can either write the two groups means 8 papers at a time or else choose to write one group and the other one after 6 months. In every paper one should get at least 40 marks for the 100 marks and also in the same way an average of 50 percent marks on the total papers have to be achieved. In case if one writes both the groups at the same time then they should get average 50 percent marks on both the groups (400 marks) shall only be considered as qualified in the CMA intermediate. CMA Final ######## CMA final is conducted as two groups Group 3 and Group 4. If 2 years article ship has been completed then both the groups can be written at the same time. In the final group 3 there are papers on corporate laws and complaints, advanced financial management, business strategy and strategy cost management, tax management and practice. In the group 4 final paper there are topics like strategic performance management, corporate financial reporting, cost and management audit, financial analysis and business valuation. In these entire 8 papers one should get 50% marks without less than 40 marks in any of the papers being conducted for 100 marks. The CMA final can also be completed according to the candidate’s comfort either writing all the 8 papers at a time or writing one paper and the other paper after 6 months time. Those who have completed CMA final should also complete the computer training offered by the institute to be considered as the qualified cost accountant. Examinations for all the stages in CMA course are conducted in the months of June and December every year which means two times in a year. So for any stage in the CMA course to write the exam in June then the fees should be paid before April 10 and for writing in December fee has to be paid before October 10th. ################################################### FWI - THE FINANCE SCHOOL CALICUT CMA | ACCA FOR ENQUIRY : 8330812121 ################################################### #CMA #CMA_FOUNDATION #CMA_INTERMEDIATE #CMA_FINAL #COST_ACCOUNTANT #CMA_INSTITUTES_CALICUT #SCOPE_OF_CMA_INDIA
How to become a COST AND MANAGEMENT ACCOUNTANT? ############################### If you want to complete the CMA Course successfully, all you need to do is to study regularly for about four to six hours a day, says Diwakar Marda, who bagged a ninth rank in CMA Final level exam held in December 2011. Now immensely excited to practice as a Cost and Management Accountant, he shares that regular study and through revision has been his key to success. ################################ FWI - THE FINANCE SCHOOL , CALICUT CMA | ACCA FOR ENQUIRY : 8330812121 ################################# #CMA #COST_MANAGEMENT_ACCOUNTANT #SCOPE_OF_CMA_INDIA #CMA_TOP_INSTITUTES_KERALA #CMA_OPPORTUNITIES #CMA_TOP_INSTITUTES_CALICUT
CMA - "THE BRAIN BEHIND THE BUSINESS" Niche of the Cost Accountants in india ??? ################################### In today’s dynamic and uncertain world of business buffeted by persistent possibility of global shocks, it has become essential to devise a strategy where the business gets value for every penny spend. Here, CMAs steps in with their skill sets to make it possible. The emerging complex business environment has resulted in a situation where it is expected that instead of restricting themselves to conventional accounting and auditing, cost accountants will increasingly contribute towards the management of scarce resources and take strategic decisions for corporate with long term implication. *) Key role in decision making ###################### Members of Institute of Cost Accountants of India are the driving force in the team of management while in employment and key consultant, effective Cost Auditor and an appropriate advisor in practice. Contemporary economic environment demands that all business will require relevant and appropriate information- quantitative and qualitative, which is adequate to take decisions that will assist the business in sustaining and growing in the competitive market place. The main objective of business organization is to maximize wealth or put it in other words to be profitable in the short-tern as well as in the longterm. In order to ensure this, all business must have a management information system, which may vary from simple information system to a complex statistical and analytical system or Decision Support System (DSS) according to the requirement of business. The most important is the financial management information system as it plays a crucial role in strategising appropriate policy for risk mitigation. Management Information System (MIS) developed with assistance of CMAs gives regular financial reports to management at all levels regarding performance measures in financial and non financial terms. This enables the organization to understand and identify weaknesses in terms of efficiency . *)Cost Control and Reduction ###################### ‘Cost Accounting’ measures and reports information relating to cost of acquiring and utilizing resources for operations of the organization. It provides information for management and financial accounting. Cost management in turn describes the approaches and activities in short-run and long-run for planning and control decisions of managers. The resultant decisions increase value to the customers and lower costs of products and services. Cost management is an integral part of a company’s strategy to achieve competitiveness in the market place. As the market place becomes highly competitive, in which price at which a product will be sold is largely determined by market forces, there is persistent pressure to achieve target cost through cost control and cost reduction. This can be achieved through devising management accounting system by CMAs. CMAs utilizes his training and skills to architect a management accounting system and management information system, which is in tune with its organizational objectives, organizational culture, operations, structure and human resources. This is because sound information is the basis of rational decision making in any organization. The role of the CMAs becomes highly specialised and immensely important for functioning of the organisation. ############################################## FWI - THE FINANCE SCHOOL , CALICUT CMA | ACCA FOR ENQUIRY :8330812121 ############################################## #CMA #CMA_SCOPE_IN_INDIA #CMA_TOP_INSTITUTES_IN_KERALA #COST_MANAGEMENT_ACCOUNTANT #TOP_CA_INSTITUTES_CALICUT #CMA_LOW_COST_CALICUT #CMA_INDIA_COACHING_INSTITUTES_CALICUT
SCOPE OF CMA - INDIA ################# The Institute of Cost Accountants of India is a statutory body set up under an Act of Parliament in the year 1959. Institute as a part of its obligation, regulate the profession of Cost and Management Accountancy, enrolls students for its courses, provide coaching facilities to the students, organise professional development programmes for the members and undertake research programme in the field of Cost and Management Accountancy. The institute pursues the vision of cost competitiveness, cost management, efficient use of resources and structured approach to cost accounting as the key drivers of the profession. In today’s world, the profession of conventional accounting and auditing has taken a back seat and cost and management accountants increasingly contributing towards the management of scarce resources like funds, land and apply strategic decisions. This has opened up further scope and tremendous opportunities for cost accountants in India and abroad. After an amendment passed by Parliament of India, the institute is now renamed as the Institute of Cost Accountants in India. This step is aimed towards synergising with the global management accounting bodies, sharing the best practices and it will be useful to large number of trans-national Indian companies operating from India and abroad to remain competitive. ############################### FWI - THE FINANCE SCHOOL , CALICUT CMA | ACCA ADMISSIONS FOR THE UPCOMING BATCHES CONTINUES....... FOR ENQUIRY CONTACT : 8330812121 ################################################ #CMA #CMA_INDIA #COST_ACCOUNTING #MANAGEMENT_ACCOUNTANCY #TOP_CMA_COACHING_INSTITUTES_KERALA #CMA_COACHING_CALICUT #SCOPE_OF_CMA_INDIA #PLACEMENTS_CMA_INDIA
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