How to pass CA foundation Nov. 2022 Exam in the First Attempt
CA Foundation is the first part of the Chartered Accountancy professional programme. The foundation stage is primarily provide basic and preliminary knowledge and understanding of the CA programme. CA Foundation course can be undertaken by students who have completed their 12th grade or are graduate students. Every CA aspirant wants to Pass the CA Foundation Exam in the first attempt and the every institute’s primary goal is to prepare students to work as Chartered Accountants in businesses or in professional and consulting firms.
Students interested in pursuing the Chartered Accountancy course, must pass several stages of exams as well as certain practical training sessions.
The different Level of CA examination includes the following-
- Foundation Programme
- CA Intermediate Programme
- CA Final Programme
CA Foundation Syllabus
CA Foundation syllabus includes four subjects. The four papers for the CA foundation exam, as per the ICAI CA syllabus are:
Paper 1- Principle and Practice of accounting (100 marks paper)
Topics of paper 1.
- Theoretical Framework
- Accounting Process
- Preparation of Trial Balance
- Rectification of Errors etc,
- Bank Reconciliation Statements
- Inventories
- Concepts and Accounting for Depreciation
- Accounting for Special Transactions
- Final Accounts of Sole Proprietors
- Partnership Accounts
- Financial Statements of Not-For Profit Organizations.
- Introduction to the Company Accounts
- Basic Accounting Ratios.
Paper 2- Business law, business correspondence, and reporting (100 Marks)
This paper has two parts. Part 1 comprises Business Law, which carries 60 marks and part 2 comprises Business Correspondence and Reporting, which carry 40 marks.
Topics of paper 2
- The Indian Contract Act, 1872
- The sale of Goods Act, 1930
- The Indian Partnership Act, 1932
- The Limited Liability Partnership Act, 2008
- The Companies Act, 2013
Section 2
Part – 1 Communication
Part -2 Sentence Types and Word Power
- Sentence types (Direct, Indirect, Active-Passive Speech)
- Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal verbs, Collocations & Idioms.
Part -3 Comprehension Passages and Note Making
- Comprehension Passages
- Note Making
Part -4 Developing writing Skills
- Introduction to Basic writing
- Précis Writing
- Article Writing
- Report Writing
- Writing Formal Letters
- Writing Formal Mails
- Resume Writing
- Meetings
Paper 3- Business Mathematics and Logical Reasoning & Statistics
Paper 3 has 3 parts, and each part carries distinct marks
Topics for paper 3
SECTION – A Business Mathematics
Topics covered are-
- Ratio and Proportion, Indices and Logarithms
- Equations and Matrices
- Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.
- Time value of Money
- Permutations and Combinations
- Sequence and Series
- Sets, Relations, and Functions
- Basic applications of Differential and Integral calculus
SECTION – B Logical Reasoning
- Number series, Coding and Decoding and odd man out.
- Direction Tests
- Seating Arrangements
- Blood Relations
- Syllogism.
SECTION – C Statistics
- Statistical description of Data
- Measures of Central tendency and Dispersion
- Probability
- Theoretical Distributions
- Correlation and Regression
- Index Numbers and Time Series
Paper 4- Business Economics & Business and Commercial Knowledge
This paper has two parts
Topics for paper 4
SECTION – A Business Economics
Topics covered in this section includes-
- Introduction to Business Economics
- Theory of Demand and Supply
- Theory of Production and Cost
- Price Determination in Different Markets
- Business Cycles
SECTION – B Business and Commercial Knowledge
Topics covered in this subject are-
- Business and Commercial Knowledge – An Introduction
- Business Environment
- Business Organizations
- Government Policies for Business Growth
- Organizations Facilitating Business
- Common Business Terminologies
Registration for CA foundation Exam
ICAI Registration for the CA Foundation exam is done in 2 parts:
- First of all, student has to go for Course Registration and that is need to be done in advance. If you are going for CA foundation May 2022 attempt, apply before 1st January and Before 1st July for CA Foundation November 2022 attempt.
- Then comes the exam Registration. Student has to register for the exam attempt, he or she is appearing for.
Now the question arises, How to pass CA Foundation Nov. 2022 exam in first attempt
The answer to this question is
- Revise the complete course at least three to four times.
- Making brief notes for all courses in order to revise quickly is a good way of studying.
- Prepare a proper timetable and alott needed time for each subject.
- Practice a lot for MCQs for objective type paper to maintain the speed and accuracy.
- Do Practice of previous year papers to understand the exam trend.
- CA institutes like Paras Institute of Commerce Pvt ltd also registers students for test series to aid practise and time management.
To pass CA Foundation Nov. 2022 in first attempt, here are few other tips that a student must follow:
1. Set Goals
Set realistic goals for yourself each day. To avoid stress during the exam time, try to set the goals that can be achievable easily. Candidates should try to complete the full curriculum at least three months prior to the main exam. A month before exam should be kept for revision.
2. Never go for selective topics to read and learn. Selective study is NEVER an option. The exam can have question from anywhere from the whole syllabus.
3. Take small breaks from your study routine and Relax by talking to family/friends, meditate, or listening to music - avoid all types of books/reading, and try to limit your screen time.
4. Take a good sleep. NEVER compromise on a good sleep.
5. Eat well and stay hydrated during preparation for CA foundation Nov. 2022 Exam.
Hope now you have an idea how to pass the CA foundation Nov. 2022 exam in the first attempt.If not, then for any query or assistance, you can comment or contact us.