How to Prepare for CA Foundation Study Period



How to Prepare for CA Foundation Study Period
CA foundation exam is scheduled in forthcoming months. Most of the students will prepare for foundation but few will clear the exam. Why?… Surely, there is no shortcut to hard work but an apt blend of hard work and smart work can definitely make it possible for candidates to prepare effectively, perform efficiently and score meritoriously in CA foundation.
Students who register for the CA Foundation course get four months study period to prepare for the Exam.  Read this article carefully, so that you will come to know exactly how to prepare for the CA Foundation in four months study period. Hard work is always important but smart work is similarly important. Follow these 10 smart pieces of advice given in this article to crack the Foundation level in your first attempt.
Here we will be discussing some key points that will make sure you clear CA Foundation with 100% certainty if you follow those points honestly. The article is very detailed and contains lots of useful information so we request you to read it completely.
Chartered Accountancy is regarded as the toughest course in India and becoming a Chartered Accountant is a dream of every commerce student. Inspite of registration of Lakhs of student every year, still there are only 2,80,000 Chartered Accountants in India. The only recognized body who is responsible and authorized to conduct the CA examinations is ICAI (Institute of Chartered Accountants of India).
An effort is an important ingredient for preparation, but knowing where to make an effort makes all the difference.It is good-for-nothing if you have missed 20% of the ca foundation syllabus that is likely to carry 80% weightage in exams. Earlier in the school, we would have come across students who put in a lot of hard work but did not get the expected result. These students used to study the entire year, prepared notes and put in hard work. On the contrary, a student who followed smart approach along with hard work used to complete the urgent and important task in the first instance and leave the rest for later. Moreover, he used to follow other mantras for success. Hard work may enable you to complete your study but you may not be able to do so efficiently, and that’s where smart work comes into play. Students following smart approach are more focused towards the final goal and consequently, they clear the examinations with flying colors by spending less time, energy and money than students doing only hard work.
The entrance test to pursue this course is named as CA Foundation which is replacing the current entry-level i.e. CPT(Common Proficiency Test). CA Foundation will be going to be a bitter tough than the CPT.
Students who wish to pursue this course can register for the CA Foundation after appearing in the 10+2 examinations conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.

Priority to Most Important Topics

The weightage that each topic carries should enable you to identify the detail with which the topic should be studied. Many students waste time getting into details that are less relevant and carries less weightage in exams. Moreover, Study the most important topic at a time when you are most productive: might be early in the morning or some other suitable time when you are most productive.
Always keep syllabus, and previous year papers and study material of CA foundation on your study table.
You get minimum four months study period after registration for the CA Foundation. To appear in the CA Foundation examinations one has to pass 10+2 examinations.
To pass the entrance test of the toughest course you must be fully dedicated towards your studies. Wherever you are and whatever the reason may be. Don’t let your efforts came down.

Consult Previous Year Question Papers

Solving previous year CA Foundation question papers can help students to a great extent to get acquainted with the pattern of paper and general difficulty level of the exam. Practicing the past years’ papers also helps students refine time management skills and implement a successful strategy which is the major decisive criteria for cracking CA Foundation exam.
Today we are giving you some pieces of advice to crack this exam in four months but the difficult part is execution and which is your part.
The entire course at the Foundation level is divided into four subjects –

  1. Principles and Practices of Accounting.
  2. Business Laws and Business Correspondence and Reporting.
  3. Business Mathematics and Logical Reasoning and Statistics.
  4. Business Economics and Business and Commercial Knowledge.

A 12th commerce student must be familiar with the majority of the subjects. CA Foundation syllabus is much similar to your senior secondary classes.
Know What to Study and What Not to
The root concept of smart work for cracking CA foundation lies in knowing what to study and what not. Consequently, what matters in CA foundation is not only the quantity (volume) of materials one had gone through but the quality of learning and revision undertaken scientifically.
Further, considering personal strengths and weaknesses aspirants should develop personalized strategies as general strategies might not work in individual cases.

Learning by Writing

Proper answer writing practice is important to learn effectively.
As per recent survey only reading does not prepare you for exam. When you write down the important points you read in a notebook, it helps you retain even more information. Always write important points along with reading.

Revise Scientifically

Don’t forget to revise what you have already studied. Otherwise, you may know everything but cannot recall it at the time of the exam. As per a recent study, if you revise the content you have learned in the last 24 hours and then revise it again within a week, you have better retention of concepts and it is easy to recall them during exams.

Attempting Mock Tests

Practice makes a man perfect. Attempting Mock Tests is part of Core Strategy for performing well in CA foundation. If you are not taking mock tests, it is almost half battle lost. Reason being, mock test simulate the exam environment and help you get familiar with the test-taking environment. They simulate the real look and feel of the examination. Consequently, exam fear is reduced to a considerable extent and there are other more advantages also. Attempting mock tests is important for following reasons:
  1. Helps in devising the strategy for cracking the exam To perform well in CA foundation, you need to devise a strategy in which you would attempt different sections and the time you would spend on each of them.
  2. Assesses performance By attempting these tests, you explore the strong and weak areas. Mock test scores helps in analyzing the effectiveness of your preparation and provide an input on areas that need improvement.
  3. Attempting mock tests of CA foundation helps you cope up with the stress experienced during the exam and to stay relaxed throughout the exercise.

First two papers in the course are subjective and later two are objective. The students are advised to start preparation with the 12th standard.

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