So, Clearing the CA foundation in the first attempt is important for every CA aspirant. For all these aspirants, Paras Institute of Commerce is organizing a mega webinar on How to clear CA foundation Exam in the first attempt on February 12, 2023. Interested candidates can online register for the webinar on the official link given here. No registration amount is needed to register for the webinar.

Interested students who aspire to enter into CA courses face a lot of queries regarding the CA Foundation course, study material, CA syllabus, and other related information. The mega webinar for CA Aspirants will answer all the queries of students.

Registered Candidates can download their ICAI CA foundation June 2022 admit card online from the official website at icaiexam.icai.org.

 According to the official notification, “Admit cards in respect of candidates admitted to the Foundation examination with their photographs and signatures on them, are hosted on https://icaiexam.icai.org/. No physical admit cards will be sent to any candidate. Candidates are required to download and print their admit cards from the website.

Steps to Download CA Foundation June 2022 Admit Card

1. Visit https://icaiexam.icai.org/

2. Login using your Login ID(Registration Number) and password

3. Click on link in front of Admit Card

Candidates may also visit the FAQs on the subject hosted in the FAQs section of https://icaiexam.icai.org/ for more details.

After the 12th class, every student faces difficulty in choosing the right career path regarding their higher studies. A Career counselor helps them in taking the right decision towards their career. To guide DAV School, Bhiwani’s commerce students about the CA course, a career counselor seminar was taken by Rakesh Sharma, Director, Paras Institute of Commerce Pvt. Ltd on April 13.

Rakesh Sharma informed students about CA course, CA career options, how to get enter into the CA field, when a student should start preparing for the CA foundation, Subjects in the CA course and other related information.

Furthermore, he explained, CA is a difficult course as per majority of the people, but it is not so. With proper guidance and self-determination, anyone can become a successful CA.

A Chartered Accountant (CA) is a professional who works in the financial and business fields and would give their clients financial and investment advice as well as money management guidance. Auditing, taxation, financial accounting and reporting, and general management are their key work responsibilities, informed Rakesh Sharma.

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To gain good results in the CA foundation exam, the candidate has to work hard. In getting the concepts clear, guesswork doesn’t work in the CA foundation exam. The right course syllabus and a proper study plan with a focused mind can help you in clearing the CA Foundation exam.

6 Tips for CA Foundation exam preparation:

1.Prepare a Time Table

Preparing a timetable is a crucial step before starting any study, do not think making a time table is a wastage of time. A proper study plan helps you understand what to study or from where to start. Collect all the study material and allocate time to every subject. Give priority to those subjects in which you have less knowledge. This will not just properly organize your syllabus but will also cover all the subjects before the exam. 

2. Prepare your Revision Notes

CA foundation course is vast and impossible to revise in a day, so the best way to revise during exam time is from your handwritten notes. Make a summary of the class teaching and book you read.

      3. Practice Mock Test Papers and Previous Question Papers

After the completion of the CA foundation course syllabus, it is advisable to solve mock test papers. Mock Test papers will help you in understanding the exam pattern better and will teach you time management. Try to solve one paper every day and calculate the time taken for completing it. It will help you in knowing about your strength and weaknesses and which chapter needs more revision.

4. Focus on Presentation

CA course is professional course hence CA exams are Professional exams so don’t take them as your school exams that’s why you need to focus on presentation. Two of the papers in the CA Foundation exam are subjective so start practicing the question in writing and tally them either with suggested answers or with your mentors.

5. Command over Calculator

ICAI allows calculator in exams. CA exams are very lengthy so it becomes very important to grab command over the calculator. Learn the short keys like G, M-, M+,etc. This will save your time in the exam.

6. Take Short Breaks

Every 2-3 hours take short breaks for 10-15 minutes to refresh your mind. Spend your morning time in doing theory subjects and then work on practical subjects. At the end of the day revise what you have done during the day.

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CA Foundation Course Syllabus

ICAI has released the CA foundation syllabus 2020 you can download fromhttps://resource.cdn.icai.org/45570bos35676-foundation.pdf

CA foundation Paper pattern

1. CA Foundation exam has four papers. The total exam is of 400 marks i.e. each exam is of 100 marks.
2. For each paper,3 hours is given. CA Foundation exam is an offline exam and is conducted twice in a year May and November.
3. Paper 1 and Paper 2 will be of a subjective type and Paper 3 and Paper 4 will be of objective type.
4. Candidates must score a minimum of 40% marks in each paper and a minimum of 50% marks in aggregate of all the papers to pass the CA foundation exam.
5. The medium of the exam is in either English or Hindi languages.

CA Foundation exam Subjects

Paper-1 principles and practice of Accounting(100- Marks)

This subject consists of basic accounting in which students have studied in the 11^th and 12^th commerce field.

• Theoretical Framework
• Accounting Concepts, principles, and process
• Bank reconciliation statement
• Inventories
• Capital and Revenue Expenditure, Capital and Revenue Receipts, contingent assets, and contingent liabilities.
• Final Accounts of Sole Proprietors
• Partnership account
• Financial Statements of Not-for-Profit Organizations
• Introduction to Company Accounts

Paper-2 Business laws and business correspondence (100-Marks)

Section A- Business Law (60 Marks)

Business law is an interesting subject and is entirely different for students who are appearing for the CA foundation course directly after their 12th standard. This theory subject offers a basic understanding of the general and corporate laws.It is a subjective paper, so students should also focus on their presentation skills.

• The Indian contract act, 1872
• The sales of a good act, 1930
• The Indian partnership act, 1932
• The limited liability partnership act, 2008
• The companies act, 2013

Section B- business corresponding and reporting (40 Marks)

The Business Correspondence and Reporting subject is newly introduced in the CA foundation course, similar to General English. This subject is similar to general English and matches the communication demands of CAs in the current era.

• Part 1- communication
• Part2- sentence types and word power
• Part 3- comprehension passages and note-making
• Part 4- developing writing skills (introduction to basic writing, article writing, report writing, writing formal letters & Mail, and resume writing)

Paper-3 Business Mathematics, Logical Reasoning and Statistics

Part A- Business Mathematics (40 Marks)

Business Mathematics is full of formulas and problems, the student must work on this subject regularly to score well. If neededthan take coaching for this paper.

• Ratio and Proportions, Indices and Logarithms
• Equations and Matrices
• Linear Inequalities with Objective Functions and Optimization with respect to Objective Function
• Time Value of Money
• Permutations and Combinations
• Sequence and Series
• Sets, Relations, and Functions
• Basic Application of Differential and Integral Calculus

Part B- Logical Reasoning (20 Marks)

To ace, logical reasoning paper regularly solve logical reasoning questions from different books.

• Number Series, Coding & Decoding and the odd man out
• Direction Tests
• Seat Arrangement
• Blood Relations
• Syllogism

Part C- Statistics (40 Marks)

To clear this paper student has to be precise in his formula and calculations.

• Statistical Description of Data
• Measures of Central Tendency and Dispersion.
• Probability
• Theoretical Distributions
• Correlation and Regressions
• Index Number and Time Series

Paper 4- Business Economics and Business & Commercial Knowledge

Part A- Business economics (60 marks)

The Business Economics syllabus is similar to the higher secondary syllabus. This paper question will be in objective type.

• Introduction to Business Economics
• Theory of Demand and Supply
• Theory of Production and Cost
• Price Determination in Different Markets
• Business Cycles

Part B- Business & Commercial Knowledge (40 Marks)

The Business and Commercial Knowledge is a fresh subject added to the CA foundation course. The subject furnishes a basic understanding of the business. It is a theory paper that has to be mastered by the candidate by learning and understanding its fundamentals.

• Introduction to Business
• Business Environment
• Business Organizations
• Government Policies for Business Growth
• Organizations Facilitating Business
• Common Business Technologies

Preparing a good study plan and staying dedicated to it will help you in cracking the CA foundation exam.

All the Best!

The CA exam held twice in a year during the month of May and November. The CA November exam registration process will take place in August-September. The exam will conduct at 207 centers across the country as well as at five overseas centers — Abu Dhabi, Doha, Dubai, Kathmandu, and Muscat.

Applications for admission to Foundation, Intermediate (IPC), Intermediate & Final Examinations; Candidates are required to apply online at https://icaiexam.icai.org from 5th February 2020 to 26th February 2020.

For more information like application process, time duration, test center, visit the website https://www.icai.org/indexbkp.html