What If I Score Below 190 in Group 1 and 250 in Group 2 of the ICAC?

The Indian Chartered Accountancy (ICA) Final examination, commonly known as Inter CA, is a critical milestone for aspiring chartered accountants. Understanding the pass criteria is essential for students to manage their expectations and prepare accordingly. However, what if an aspirant scores slightly below the expected marks? This article aims to provide clarity on the situation and steps to take if you score below 190 in Group 1 and 250 in Group 2 of the ICAC.

Understanding the ICAC Pass Criteria

The Indian Chartered Accountancy (ICA) series comprises three levels: Foundation, Intermediate (Inter CA), and Final. The Inter CA examination is crucial, as it tests your theoretical and practical knowledge across various subjects. The examination is divided into two groups:

Group 1

Inter CA – Articleship - This paper is based on the articleship period and covers important aspects of the professional experience required for a chartered accountant. Inter CA – Financial Reporting - Focuses on financial reporting, valuation, and auditing. Inter CA – Auditing and Assurance - Covers auditing, assurance, and ethical standards.

Group 2

Inter CA – Corporate Laws and Professional Ethics - Deals with corporate laws, professional ethics, and governance. Inter CA – Company Accounts (Common Course) - Covers various aspects of company accounts and reporting. Inter CA – Taxation - Focused on various types of taxations applicable in India.

Understanding the Marking Scheme

To pass the Inter CA, an aspirant must secure the following marks:

Group 1

Articleship - 190 marks required for a passing grade. Financial Reporting - 190 marks required for a passing grade. Auditing and Assurance - 250 marks required for a passing grade.

Group 2

Corporate Laws and Professional Ethics - 190 marks required for a passing grade. Company Accounts (Common Course) - 190 marks required for a passing grade. Taxation - 250 marks required for a passing grade.

It is essential to note that securing the required marks in all subjects of both groups is necessary to pass the Inter CA examination. A score of below 190 in Group 1 or below 250 in Group 2 can be a cause for concern, but it is not a definitive failure.

What If You Score Below 190 in Group 1?

If you score below 190 in any subject of Group 1, you may consider the following steps:

Review and Identify Weak Areas - Analyze the areas where you fell short. This may help you focus on improving these topics during resits. Seek Tutoring or Guidance - Engaging with a tutor or a study group may provide additional support and insights. Revisit Study Materials - Utilize reference books and past papers to reinforce your understanding of the specific subjects.

In some cases, you may need to take the resit examination in the concerned subjects to secure the required marks.

What If You Score Below 250 in Group 2?

If you score below 250 in any subject of Group 2, the same steps apply as mentioned above for Group 1:

Review and Identify Weak Areas - Determine the subjects where you underperformed. Seek Tutoring or Guidance - Engage with a tutor or study group for personalized assistance. Revisit Study Materials - Reinforce your understanding through additional study resources.

Similar to Group 1, you may need to resit the examination in the specific subjects where you did not meet the required marks.

Steps to Pass the ICAC Final Examination

To pass the ICAC Final examination, follow these steps:

Prepare Strategically - Develop a well-planned study schedule that allocates sufficient time to each subject. Utilize Quality Resources - Use reliable textbooks, past papers, and online resources to enhance your understanding. Practice Regularly - Engage in regular practice through mock exams and tests to build confidence and familiarity with the examination format. Stay Updated - Keep abreast of the latest changes in the syllabus and examination patterns. Seek Feedback - Regularly assess your progress and seek feedback from mentors or peers.

Conclusion

Scoring below 190 in Group 1 or below 250 in Group 2 of the ICAC does not necessarily indicate failure. With a strategic approach and additional study efforts, you can improve your performance and secure the required marks. Keeping in mind the pass criteria and taking proactive measures to address your weak areas can help you achieve your Chartered Accountant qualification successfully.