How to overcome failure and succeed in CA Exams

As soon as the CA exam results are declared, some people are happy but the majority are sad. We have to remember that success and failure are 2 sides of the same coin, and in a competitive exam where the success rate is a single digit, a CA student has to cut himself/herself some slack.

In the following article, we will take a look at how to overcome failure and succeed in CA exams in different steps:

3. Analyzing your mistakes

4. Planning ahead

5. Executing the plan

6. Practice, practice, and practice

Looking at the positive

One of the biggest lessons that failure in CA exams teach us is to look for the positive in the negative. Even though you have failed, you have another attempt due in months. You have another chance to learn everything properly before you apply it to your job. The list of benefits doesn’t end here, you become humble and you learn to value and embrace success, you become resilient too.

You CAN

It is likely that sentences like, “I can’t do CA” or “CA is not my cup of tea” might be hovering above your hands. Make sure to cut them out and replace them with sentences like, “I cannot let a setback stop me from becoming a CA”. You can also read multiple CA failure stories to raise your bar of motivation. Always remember why to decided to become a Chartered Accountant in the first place.

Analyzing your mistakes

A failure is a good opportunity to analyze your mistakes and make sure that you don’t repeat them in the future. ICAI gives you an option to look at your responses. Analyze your mistakes closely and make notes while doing the same. Making a SWOT analysis report for yourself can be useful and will help you track where the most improvement is needed.

Planning ahead

Now that you have dealt with your mindset, it’s time to get back on track and look forward to what lies ahead. Failing to plan is planning to fail so you need to have a plan of action for the next CA exam.Start by preparing a daily and weekly schedule and make sure that you keep reviewing it. Incorporate the analysis which you have previously done. Do not make an end to end schedule, keep some buffer time in which you can cover something in case you couldn’t do it during the scheduled time. Buffer time is also necessary for doubts. Make sure you take ample rest to keep your mind fresh and working.

Executing the plan

It’s time to kick this plan into action. Do it with the belief that you have nothing to lose. You cannot get the best plan in the first go so keep some time handy with you to review the plan according to your schedule. After carefully reviewing the plan, make changes according to your strengths and weaknesses. Keep doing this regularly.

Practice, practice, and practice

‘Practice makes a person perfect after studying rigorously, you will need time to revise and take mock tests. Mock Test Papers by ICAI and Revision Test Papers by ICAI are recommended to prepare you for your exam.

Test series help you to increase your last moment preparation and gives you confidence.