In this article, we are sharing smart tips on How to Prepare for CA Foundation in 2 months? In recent years, ICAI made some changes to the CA Foundation. Earlier, the level of CA Foundation course was low, but now it is tougher than before. In India, CA Course is one of the toughest exams to clear, and it is a dream for every commerce student to become CA. To prepare for CA Foundation registration, students have only four months of the study period. The Eligibility for entering in CA foundation is that you must have passed the 12th examination. Read for more details about How to prepare for the CA Foundation?
After clearing the CA Foundation exam, you are eligible for CA Intermediate Registration. In this course, there are four papers in which Paper 1 and Paper 2 are subjective, and Paper 3 and Paper 4 are Objectives. To pass the entry-level test, you will be fully dedicated to the study and don’t waste your precious time and don’t be prepared for just passing the exam, be prepared to rank in CA Foundation Exam.
CA Foundation Course has Four papers below are the list of subjects: –
- Principles and Practices of Accounting.
- Business Laws and Business Correspondence and Reporting.
- Business Mathematics and Logical Reasoning and Statistics.
- Business Economics and Business & Commercial Knowledge.
Now, you have only two months for the foundation exam. There is no doubt, for clear the exam it requires a lot of effort and hard work. But friends, hard work will not work if you have not made a Preparation Strategy. You have approximately 60 days and four subjects. In the below article, we have explained about How to prepare for the CA Foundation? Read the article.
How to Prepare for CA Foundation in 2 months Subject Wise?
Paper 1 Principles and Practices of Accounting
Paper 1 is a subjective type of paper, and the weightage of this subject is 100 marks in exams. If you are from the commerce stream, you can score good marks in “Principles and Practices of Accounting”, and you need to practice daily for Accounting.
Some of the chapters are from the class 12 Accountancy, so it’s good for the class 12th commerce students to make this subject as much strength and score good marks with less effort.
Paper 2 Business Laws and Business Correspondence and Reporting.
Paper 2 is a subjective type of paper, and this paper is divided into two different subjects like
- Business Laws
Business Law covers 60 marks, and the Reporting subject includes 40 marks in exams. In business law, this is the new subject for Class 12th students who are appearing for the CA Foundation course. This subject gives you the necessary information about the General Laws prevailing in India. If you are from commerce, science or any stream, this subject understands prevailing laws that you should know if you are CA or not doing CA.
Business Laws is a theory subject. It will not bore you, and it is exciting to read. You have to read daily, and by writing answers, your presentation should be proper.
If we talk about the “Business Correspondence and Reporting” this subject is newly added by the Institute of Chartered Accountant of Indian (ICAI) in CA Foundation. ICAI has added this subject to the CA Foundation after seeing the demand for Good English Speaking skills. In this subject, you can score good marks if you are from an English medium and daily read approximately 1 hour to this subject, that’s enough.
Paper 3 Business Mathematics and Logical Reasoning and Statistics
Paper 3 is an objective type of paper, and here you get multiple-choice questions, you will get four answers in one question, you have to click on the right answer. Now some students think about how to prepare for the CA Foundation and how we prepare for this subject.
Paper 3 is divided into three parts :
- Business Mathematics
- Logical Reasoning
Business Mathematics will carry 40 marks, and if you have studied maths in 11th and 12th, there is not a big challenge. Those students who are weak in maths, then prepare hard for this and daily practice can help you to pass the exam.
Logical Reasoning will carry 20 marks, and this is a subject you have studied in the 10th class. This is not as tough compared to the above topic.
Statistics will carry 40 marks, and this is a scoring subject. You will never be bored while solving the topics. In this subject, the main challenging part is to learn formulae, while answering the question if you made any mistake in putting formulae, then the whole question will get wrong.
Paper 4 Business Economics and Business and Commercial Knowledge
Paper 4 is an objective type of paper and Paper 3 is divided into parts:
- Business Economics
- Business & Commercial Knowledge
Business Economics will carry 60 marks, and if you are a commerce stream, then it will be easy to score good marks because more than 50% of the course is from the 12th economics subject. Many students are confused about how to prepare for the CA Foundation and how other stream students can understand Business Economics. Don’t worry friends, and Economics is a good subject by reading the subjects you will get interested. By reading daily, approx 2 hours can master you in Business Economics. This is a theoretical subject.
Business & Commercial Knowledge will carry 40 marks, and it is a new subject. It would be best if you read daily.
Paper 3 and Paper 4 is Objective type of paper and students should know that there will be negative marking and if you have made a wrong answer, then ¼ th marks will be deducted.
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We hope the above information on How to prepare for the CA Foundation in 2 months will be helpful for you. You have four months for preparation for CA Foundation. You can share the article with your friends, who are in doubt about How to prepare for CA Foundation subject wise.