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Tips to prepare for CA Foundation Exam


Tips to prepare for CA Foundation Exam

Chartered Accountancy (CA) is one of the most prominent professional courses. The Institute of Chartered Accountants of India provides the three-level program all-inclusive Foundation, Intermediate, and Final.

Foundation is the entrance level examination in the CA course. Thereafter Class 12, students can apply for the Foundation course; next, they should complete a study span of at least four months.

Syllabus of CA FOUNDATION

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Subject 1: Principles and Practice of Accounting

Subject 2: Business Laws and Business Correspondence and Reporting

Subject 3: Business Mathematics and Logical Reasoning & Statistics

Subject 4: Business Economics and Business and Commercial Knowledge

CA Foundation comprises all these four subjects in its syllabus. Among these four subjects, two are subjective and further two are objective.

CA FOUNDATION SUBJECT-WISE PREPARATION TIPS

Subject 1: Principles and Practice of Accounting

 As it is known that this subject can just be mastered by a lot of practice, one should consistently try to complete the syllabus first and afterward give time to practice more questions which assure coverage of the entire syllabus. Another vital step can be attempting mock or sample papers recommended by ICAI, it would assist you to get a clear-cut view of concepts and gain a better understanding of the subject.

Subject 2: Business Laws and Business Correspondence and Reporting

Business law and BCR are subjects that are subjective which means that it comprises only theory parts. Both of them require to be done with the assistance of notes and reference material. And most eminently, the study material provided by the ICAI is like a piece of diamond that you can’t lose.

Subject 3: Business Mathematics and Logical Reasoning & Statistics

Though it is an MCQ-based paper, you might take it a little lightly but remember, what seems to be simple is always the thing that costs us the most. Mathematics being the hardest subject asks for much time and effort and requires a lot of practice. The study approach that could work out the best is understanding the conception, tackling questions, referring to illustrations, taking up practice question papers, and most primarily, focusing on conceptual clarity.

Subject 4: Business Economics and Business and Commercial Knowledge

Hence, this is as well as an MCQ-based exam, the only thing that can help you clear in it is conceptual clarity. Candidates shall ensure to go through the study material thoroughly and make decent notes for every topic. You should also decide to attempt some mock tests thereafter, it would assist you to understand the exam pattern and make the next study plan appropriately.

FEW TIPS TO CRACK CA FOUNDATION EXAMS

Subject Wise Strategy for CA Foundation Exam Preparation

1. Subject-wise preparation strategy to win all 4 papers

CA Foundation comprises of four subjects/papers: Principles and Practices of Accounting, Business Laws and Business Correspondence and Reporting, Business Mathematics and Logical Reasoning & Statistics, and Business Economics & Business and Commercial Knowledge.

Because of two papers being subjective and the other two being objective, aspirants must have a subject-wise preparation strategy and approach to win every paper.

2. Prepare a firm study plan; set study and revision objectives

To crack CA Foundation, aspirants must have an accurate plan to cover the complete syllabus by allotting sufficient time for all the topics.

They should as well as have short-term and long-term study objectives and goals and accomplish those without fail to prepare well. Students can set daily/weekly study and revision goals by parting down topics.

3. Focus on understanding topics rather than reading

 Passing CA Foundation can be challenging for some aspirants as preparing for the exams can be a daunting task. Though, one should not simply cram things but instead focus on thoroughly understanding the concepts to crack the exams.

4. Solve previous papers and ICAI papers; examine performance regularly

Aspirants should as well as regularly solve previous CA Foundation question papers and take mock tests, containing ICAI mock papers and revision test papers, which will help assess the paper pattern, difficulty level, and questioning trends.

Do multiple attempts in the CA foundation matter?

Like the registration is valid for three years period the student can appear at the CA foundation six times. In case the student takes many attempts then the examination charge that they pay becomes extra spending. Although, CA is the professional qualification and not the academic qualification it is difficult to clear.

The selection of study material

The students are suggested to choose the study material which is prescribed by the ICAI. In some situations, students opt for the wrong book which takes them to failure. Therefore, learning from an expert and experienced authors make the examination successful.

How does Wisdom Academy support the CA foundation failed students?

At Wisdom Academy, in case the student fails in CA foundation then the student will be under observation for enhancement. To bridge the gap with knowledge the institute will provide revision classes, regular assignments, weekly tests, and assessments, important topics are covered many times to make the student understand the concept, and a progress report of the student is provided to the parents.

Enroll in the best CA foundation coaching institutes in Mumbai

Wisdom Academy is one of Mumbai’s best CA foundation classes. Aspiring CAs can enroll in our institute and get an advantage from the best CA foundation training available. As the top CA foundation institutes in Mumbai, we assist our students in passing this course in the first attempt

Our professional faculty will provide you with helpful hints and strategies for skillfully answering difficult queries. It helps you in gaining more points and achieving higher ranks. As the finest CA Foundation classes in Mumbai, Wisdom Academy provides periodical mock examinations to support you in self-evaluation, identifying your weak areas, and assuring that you are constantly exam ready.

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