Strategic Choices in CA Inter New May 2020: Should You Seek Exemption in 2 Subjects of Group 2?

For candidates pursuing the Chartered Accountancy (CA) Inter course in the May 2020 session, understanding the exemption rules and the implications of subject exemptions is crucial. The following article delves into the merits and drawbacks of seeking exemptions in subjects from Group 2, given that all subjects in a particular group need to be attempted for any exemption to be considered. Let's break down the rules and provide guidance to help you make an informed decision.

Understanding the Exemption Rules

It's essential to understand that, according to the exemption rules, you are required to attend and sit for ALL subjects in a particular group to be eligible for any exemptions. This means that if you have successfully written and scored well in just two subjects of Group 2 (G2), but are absent from the other subjects, you will not be granted exemptions for the subjects you have taken. The key here is comprehending the all-or-nothing nature of the exemption policy.

Implications of Attempting Partially in Group 2

If you attempt only 2 subjects of Group 2 (G2), and even score exemptions in those, you still won't receive them. This is because exemption eligibility requires you to sit for ALL subjects within that group independently. Simply put, partial attempts do not qualify you for exemptions from that group. This can be a significant setback, especially if these attempted subjects are crucial for your overall strategy and progress in the exam.

Taking on the Entire Group 2

One approach is to attempt all 3 subjects in G2, regardless of whether you have already qualified in some of them. While this strategy may seem daunting, it ensures that you are fully prepared for the exams and have a comprehensive knowledge base. From a practical standpoint, this approach can be beneficial as it aligns well with a traditional study plan and ensures that you cover all topics adequately.

Personal Evaluation and Decision Making

The decision to attempt all subjects in a group vs. partially attempting them involves personal evaluation and a thorough understanding of your own strengths, weaknesses, and circumstances. If you have already demonstrated excellency in a couple of subjects in G2, and your current circumstances (such as time constraints, resource availability, or personal commitments) make it challenging to undertake the full group, you might need to weigh the risks and benefits carefully.

Here are some points to consider:

Assess your current performance in Group 2 to determine the likelihood of success in the other subjects.

Evaluate your availability and resources to prepare adequately for all subjects.

Consider the impact on your overall CA Inter progress if you opt for exemptions in some subjects, which might force you to take them in a later session.

Think about the long-term implications of your decision on your professional journey as a Chartered Accountant.

Conclusion

In conclusion, the choice to seek exemption in 2 subjects of Group 2, given that you have already written and attempted Group 1, is a critical decision. It hinges on whether you are willing to face the challenge of attempting all 3 subjects in Group 2 for potential exemptions or if your personal circumstances necessitate a more strategic approach. Remember, your decision should align with your career goals and prepare you for the challenges ahead. Seek guidance from mentors or experienced professionals to help you make an informed choice.