Every Commerce student aspires to be a CA in one attempt. Yes, this is definitely possible. If you are well planned in your studies, you can easily pass CA in the first attempt.
CA is said to be one of the well-respected degrees in India. It is conducted by the Institute of Chartered Accountants of India(ICAI). It is considered one of India’s toughest exams. But is it really tough? There is no precise answer to it.
Whether you will clear it or not depends on your level of preparation. In other words, if you are well aware of the journey that you will be going through while pursuing CA, you sail effortlessly.
To start with the CA course, there are two options, either by giving CA Foundation exams or by direct entry into the CA Intermediate level. CA is all about proper planning. In this blog, we will talk about how the CA Foundation can be well planned and arranged.
The CA Foundation is the entry-level exam for the students who want to pursue a career as Chartered Accountant.
Here is an overview of what we are going to discuss in detail in this blog:
CA Foundation term and when to register
Patterns for the exam paper
Time required for the preparation and how to do it
Clearing exams with or without guidance.
Given below is a detailed version of the overview, the 5 important steps to plan the CA Foundation.
When does the foundation exam take place and when to register?
The Foundation is conducted twice a year generally in the months of May and November.
You can register after completion of class 10th and 12th. If you wish to appear in the month of May you must register before January 1st itself and for the month of November, you need to register before July 1st.
The ICAI charges Rs.10,500 only for the registration which is broken down into 2 steps. First, you are required to pay Rs.9,000 at the time of registration, and Rs.1,500 at the time of submitting the application that you will have to do 2 months prior to your exam.
What subjects are included in CA Foundation exam?
The subject included in respect to the order of the institute’s exam are
Law in combination with Business Correspondence & Reporting.
Economics in combination with Business commercials.
What is the pattern for the exam papers?
The first two subjects that are Accounts & Law are subjective while the other two subjects, Mathematics and Economics papers are objective type.
The objective papers include negative marking so the best strategy is not to attend those which you are not sure of. If you are well-prepared conceptually you can score well.
The past papers are available for two subjective papers whereas the objective papers are not available but if you prepare conceptually well then it becomes very easy to score marks.
What is the time required for the preparation and how to do it?
There are two options available for studying. Firstly, you may start your preparation along with class 12 or Secondly, you may start your preparation after class 12.
CA Foundation study takes approximately 5- 6 months. You should complete your syllabus 2 months prior to your exams, so that in the next 2 months, you can revise it again.
If you plan to do it along with class 12, make sure to complete the syllabus from June to December, so that you can focus on board exam preparation from the month of January. Once you are done with the boards in the month of March, revise for 2 months and appear for the exam in the month of May.
But if you plan to do it after class 12 you should try to complete your syllabus within 5 months from the month of April to August and revise in the next 2 months and appear for the CA Foundation exams in the month of November.
Is it possible to clear the CA Foundation exams with self Study?
Yes, it is possible to clear the exam with Self Study too. You can take help from your friends, family, and relatives who have passed CA recently. A CA Professional can easily guide you through the process. But one thing you need to do for sure is going well through the materials given by the institute. There are a lot of videos available on YouTube too which can be referred for clarification.
Remember that whether you have opted for coaching or not, revision has to be done by you only. A lot of marathon videos and revision videos are available on YouTube. Make sure you don't miss out on solving the past papers also because they are of utmost help.
Hope you got a clear understanding of what it takes to ace the CA Foundation exams.
If you are considering Chartered Accountancy as a career or you have already started preparing for it and you are looking for help on the basic to advanced levels, take the opportunity and reach out to SJC institute. Our counselors will be happy to help you. They will get in touch with and guide you on the important aspects of Chartered Accountancy.
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