The Institute of Chartered Accountants of India’s chartered accountancy program’s entry-level prerequisite is the CA Foundation Course (ICAI).
It was formerly referred to as the Common Proficiency Test. Following their appearance in the 10+2 examinations administered by an examining body established by law in India, or an examination recognised by the Central Government as equal thereto, students who intend to enrol in this programme must complete their CA Foundation registration. After registering for the CA Foundation, you are given a study time of at least four months.
- The entire course at the Foundation level is divided into four subjects –
- 1. Create a Timetable
- 2. Sign up for the right coaching
- 3. Focus on logic and statistics
- 4. Prepare your Own Revision Notes
- 5. Calculator in Command
- 6. Take short breaks
- 7. A Minimum of Four Time Revisions
- 8. Focus on Presentation
- 9. Test your knowledge with CA Foundation sample questions and test questions
One must pass the 10+2 exams in order to sit for the CA Foundation exams. You must be completely committed to your studies in order to pass the entrance exam for the most difficult course.
The entire course at the Foundation level is divided into four subjects –
- Principles and Practices of Accounting.
- Business Laws and Business Correspondence and Reporting.
- Business Mathematics and Logical Reasoning and Statistics.
- Business Economics and Business and Commercial Knowledge.
Follow these 9 pieces of advice for CA foundation preparation if you’re unsure how to be ready for the exam and want to do well in the CA Foundation Course.
In this post, we make an effort to cover all the key ideas and strategies that students need to know in order to successfully prepare for the CA Foundation exam in 4 months and earn a passing grade. All you have to do to pass the exam with decent marks is to just heed this guidance.
1. Create a Timetable
Making a timetable is the first thing you should do before beginning your education. Students who believe that creating a schedule is a waste of time made a mistake.
Make a proper plan rather than waste time each day pondering what to learn or where to begin. Pick up your study guide, look at the CA Foundation exam outline, and allot time to each subject and each chapter based on how many days are remaining until the test.
This will not only help you plan your studies properly, but it will also enable you to evaluate your performance.
2. Sign up for the right coaching
The success or failure of a student is significantly influenced by their teachers. With only passing marks, many students pass this exam without any coaching.
However, let me caution you that having a firm grasp of the principles is crucial from the very beginning because becoming a chartered accountant is a long road where you will be referred to as an expert.
Additionally, receiving good CA Foundation instruction really aids in your quest for conceptual clarity.
3. Focus on logic and statistics
Because CA Foundation Math does not appear to be a topic that scores well for non-Maths students, it is advised that non-Maths commerce students concentrate on Statistics and Logical Reasoning.
Twenty marks are allocated to logical thinking, and the remaining marks are equally split between math and statistics. The key areas of attention for non-math students should be statistics and logical reasoning.
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4. Prepare your Own Revision Notes
The greatest source notes to review for the exam are your own handwritten notes because the course is so extensive and nearly impossible to review in a single day.
Therefore, always write down brief notes for yourself throughout class. These notes will come in very handy when it comes time to take the exam.
5. Calculator in Command
Calculators are allowed in the CA exams because the ICAI does not want its students to perform manual labour. Since papers are almost always long, mastering the calculator has become crucial.
Learn the short keys, such as G, M+, and M-. You’ll gain valuable exam time by doing this.
6. Take short breaks
Do not study nonstop for the entire day if you want to learn something. Every two to three hours, take quick breaks of 10-15 minutes to recharge your brain.
Because morning is thought to be the optimum time to finish theory assignments, start your day with theory classes before moving on to practical ones. Finish your day by reviewing what you accomplished.
7. A Minimum of Four Time Revisions
The course is extensive, and before the tests you should review it at least three times. Plan your revision effectively by going over every topic in your first revision and marking any questions that are the same so that you don’t waste time answering the same ones twice.
Try to answer one question from each kind at the second revision and note any that you feel are difficult, crucial, or require one more revision. Read the concepts throughout your final and third revisions, and only complete the questions you believe require one more review.
8. Focus on Presentation
The subjective paper pattern will require the students to concentrate on their presentations. Don’t take it lightly because they aren’t your final examinations for school.
Presentation is very important in professional tests, notably the CA Exams. The syllabus includes four papers, two of which are objective and two of which are subjective.
Start writing out the questions for practise, then compare them to the solutions that have been supplied by your mentors.
9. Test your knowledge with CA Foundation sample questions and test questions
Model test questions and CA Foundation practise exams have been really beneficial in helping you pass your exam. You learned how to organise your time and accurately assess the queries from them. Of course, once you’ve finished the course, it’s best to solve the CA Foundation practise exam questions.
However, it has frequently been seen that pupils are unable to complete the assignments because of a shortage of time. Therefore, it is advised to complete the MTPs and previous year’s question papers at the end of each chapter and once the course is over.
