How to prepare for CA Foundation: A comprehensive guide
The first step of the CA course i.e CA Foundation exam might seem a tough one to prepare for, but with the right approach, it can be favorable. “How to prepare for the CA Foundation?” This is a question that has been raised a lot many times,so it is obviou that students get confused frequently. Only with the proper direction and attention, you can ace the exam. To get you started, follow these simple approaches to excel in the CA Foundation exam.
Table of Contents
1. Prioritize ICAI study material.
The study materials provided by the Institute of Chartered Accountants of India (ICAI) should be your primary source of preparation for the CA Foundation exam. Nothing is more important than this material because it is made to thoroughly cover every subject and idea required to pass the test. Make sure you properly understand the content and make sure your concepts are clear.
2. Review of the previous exam papers
As a starter, the very first step you go through is thematically analyze previous exam papers and detect your abilities and the points you need to work on. Furthermore, the introduction of tests and scheduling of the consolidation meetings with students can be proposed, apart from the training with teachers. The prospects of the teacher’s guidance in getting the concept for the first time, establishing practicing habits, and creatively thinking the concepts in real life examples. In the meantime, solving exams and time management will enhance skills by practicing with the former test papers.
3. Bypass the questions to strengthen your basics.
Instead of commencing with the basic course, we might opt for a more narrow intensive look at the accounting topic. If you find yourself lacking in some knowledge areas, try to search the books starting with your 12th-grade accountancy to see maybe your lack of knowledge in the subject.
4. Don't worry about mathematics.
One of the common concerns of the CA Foundation students is the Math section, however, it shouldn’t be a major challenge. The standard of mathematics in CA Foundation is parallel to the level you studied in your 10th standard. You really don’t have to worry. No wonder! Owing to their consistent practice, even the intricate subjects such as the square of 8 or the full square of (A+B) are mastered easily. Practice is all it takes, and you may even get through this part pretty well.
5. Law and economics: Using what you know to expand
Those things that you learned in 12th grade in the Economics section of the CA Foundation test are more like relocated items that are then expanded. The concepts are quite the same, although some of them are more complex. In contrast, legal activities like sales, industries buying, and necessary actions are the Law part. You need to understand law in real life example, as in exams case studies will come and you need to answer them, as per the law is applied.
6. Seek advice when required.
Remember that assistance should be taken in case of any need at any time. With his two-decade-long experience in teaching students of both Inter and Final levels of CA, CA Parag Gupta has established StudyByTech. Not only the lecturer but also the examiner, CA Parag Gupta gives professional advice and techniques for studying that have helped passing exams for millions of students.
Last words of wisdom
The first thing you need to do is to pass the CA Foundation exam in order to become a Chartered Accountant. You can do this by being dedicated and making the learning of ICAI study material as your top priority. Also, you can improve your weak points by working on the previous exam questions. If you feel you need help, StudyByTech is here for you at any time.
You can ace the CA Foundation exam if you stick to this plan and don’t give up. Wishing you luck!