CA foundation students need to do registration four months before to examination. For the May month examination, the students need to do the registration in January month. Wishing to complete the CA foundation syllabus in 30 days is a difficult one without efficient coaching. This blog is to make students know how to prepare for CA foundation in 4 months of study, a one-month crash course and six months of complete course for the CA foundation.
Uniqueness between 12th standard and CA foundation
Accounting, Business law, business mathematics, and business economics are the four papers in the CA foundation. Business law and business economics are theory papers that students can win over with sufficient time allocation. Accounts and mathematics are practical subjects that need more understanding. The study plan for the CA foundation exam 2021 is to test the individual intelligence of the students.
In accountancy, students learn about the accounting process, inventories, BRS, depreciation, Final accounts, and financial statements of not for profit organizations, partnership accounts, company accounts, and accounting for special transactions. !2th standard accountancy has partnership firms, Companies, financial statement analysis, and cash flow statements. Here the advanced level understanding of financial statements is final accounts, inventory and depreciation. The cash flow statement expresses the effect of income on the balance sheet. Anyways, BRS, and accounting for special transactions are new chapters with paramount importance in the advanced level subjects. CA foundation takes the student to the advanced level of understanding.
In mathematics, the syllabus for CA foundation goes as Ratio and proportion, logarithms, indices, linear inequalities, equations and matrices, time value of money, sequence and series – arithmetic and geometric progressions, basic concepts of permutations and combinations, sets, functions and relations, and basic concepts of differential and integral calculus. The syllabus of the 12th standard are as follows: Number series, coding, decoding and Odd Man Out, seating arrangements, direction tests, blood relations, syllogism, measures of central tendency and dispersion, statistical description of data, probability, correlation and regression, theoretical distributions, index number and time series. Relations and functions, calculus, algebra, vectors and 3-D Geometry, probability and linear programming are the topics covered in the 12th standard syllabus.
In mathematics, the 12th syllabus of statistical description of data, probability, linear programming helps for understanding ratio and proportion, linear inequalities and permutation and combinations. The 12th syllabus provides only the fundamental knowledge, but the CA foundation provides the advanced level of knowledge.
Business law in 12th standard and CA foundation are different. In 12th standard, students learn about the fundamentals of business, types of business, business services, social responsibility and business ethics, emerging modes of business, sources of business finance, international trade and internal trade. In the case of the CA foundation, it is not easy to remember different acts. The Indian contract act, 1872, the sale of goods act, 1930, companies act, 2013, the limited liability partnership act 2008, and the Indian partnership act, 1932 are explained with detailed interpretation. In economics, the chapters demand, supply, price determinants, and government budget are the same for the 12th standard and CA foundation. There is not much difference in the economics subject for CA foundation and 12th standard.
CA foundation crash course:
Students who wish to study for four months can opt for the crash course. Students can do the registration in January month and write the examination in May 2022. One month of crash course helps learn the uniqueness of the syllabus. As the course tenure is for one month, students receive recorded videos for important topics, PDF materials, and notes for the difficult subject. The mock test series for the December examination was listed on the ICAI website. The crash course provides practice on the mock test question paper. The faculty members have personal care with the students, and the doubts are cleared then and there. Two hours of coaching and two hours of study time is essential for one month of revision. Students need to complete the practical subjects first and then move on to the theoretical subjects.
CA foundation complete course:
Daily classes of four hours per day will give 4800 hours. This time dedication is enough for preparing CA foundation exam. On daily basis, two hours of coaching and two hours of study time is essential to learn the subject intensively. In the case of business law and economics, reading newspapers and magazines give the required knowledge to the students. RR academy faculties suggest the Best timetable for CA foundation students. It is helpful for fundamental knowledge.
CA course has an educational ladder that requires hard work. Students need to take initial steps to complete the foundation course on the first attempt. For this reason, the decision about the coaching through a crash course or complete course is essential for a student applying for the examination. If the student is above average and finds the subjects as easy then he can take up the one month of a crash course. After registration, the institute supplies the study material that helps for independent learning. Towards the end, the student brushes up the knowledge with the crash course. Faculty members help the students with domain-specific doubts during the crash course. A complete course of six months is beneficial to the 12th standard marks and CA foundation marks. Place enquire to RR academy to know the details of the options for the CA foundation.