In CA foundation, students learn about principles and practice of accounting, Business mathematics and logical reasoning, Business laws and business correspondence, reporting and business economics and business and commercial knowledge. The subjects enhance the basic knowledge, and advanced knowledge required for learning chartered accountancy courses. ICAI institute will upload the mock test papers two times a year. It consists of questions from study materials, amendments and practice manuals. The mock test papers for May 2022 are available online. ICAI designed the RTP for May 2022 examination. The third, and fourth papers are self-examination papers. Students can download the papers through the link. Learning four-year mock papers benefits the students. BOS portal of ICAI informs the students about the mock test. The students get a notification for mock tests twice a year. The blog creates enthusiasm in the students for practising mock tests.
What is MTP?
MTP is the model test that educates about the syllabus, marking scheme and exam pattern. One can assess the knowledge with the help of an MTP examination. RTP is the topic-wise revision and aptitude review before the examination. RTP educate the amendments and important topics the students. MTP educate time management and enhance confidence in the students. At the foundation level, the mock test is online. At the intermediate level, the mock test is through physical or virtual mode. The students get the key answers to the question paper within 48 hours.
Which one is important: MTP or RTP?
RTP is for self-evaluation of knowledge. MTP is for evaluating the writing speed and presence of knowledge. RTP helps understand the weak subjects. Practising three or four-year paper help to understand the professional examination pattern. If the student has time and interest, he can practise more times.
Benefits of mock test:
Mock tests prepare the students for the examination environment. The online mock test was conducted with a nominal fee of 100/- at RR Academy. The examination prepares the students for understanding the bookish and application knowledge. The following points educate about the importance of the mock test:
• A mock test is done after completing the syllabus. It takes two to three months to complete the syllabus for the foundation. The mock test is conducted two months before the examination.
• After the college re-opens, students find it difficult to read for long hours. Conceptual clarity and mock tests help to understand the preparation strategy.
• Students indulge in revision during the last month of the course. Mock tests help in understanding the preparation strategy for the students.
• If the last-minute preparation is good, the students recollect the important points to crack the foundation level examination.
• The intermediate level and final level require more planning and mock tests. The foundation level is easy to clear if the students devote time to completing the syllabus and practising the mock test.
• Practice makes one perfect. Mock tests bring perfection to the subjects.
How mock tests are conducted online and offline?
The faculties at RR Academy download the mock test paper. Examine it offline. The RR Academy’s mock test papers are prepared by the institute faculties. The examination goes for three hours. The answers are of a subjective, and objective nature. Each paper carries a hundred marks. Previously, the CA foundation is named CPT. CA foundation is more difficult than the CPT examination. The syllabus is similar to the 12th standard syllabus. Prepare your notes for the subjects. This will help in understanding the nook and corner of the subject. The mantra of the CA foundation is three times revisions and three-year mock test papers. This will help in taking ample practice. The mark secured in MTP will improve the reading time and presentation skills. It is like an alarm towards the examination. Principles and practices of accounting carry a hundred marks for accounts-related topics. In the second paper, business law carries sixty marks, and business correspondence and reporting carry 40 marks. Business mathematics is for 40 marks, and the logical reasoning syllabus carries 20 marks. Statistics carry forty marks. Economics is for 60 marks. Business and commercial knowledge is set with forty marks.
Why CA foundation is important for students?
CA Foundation is conducted two times a year. After class ten, students get provisional admission. The students are supposed to write the examination after completing the 12th standard. Students learn about partnership accounts, company accounts, trial balance preparation, and rectification of errors and BRS through the principles and practices of the accounting syllabus. Students understand the different types of reports such as meeting reports, newspaper reports, magazine reports, letter writing, and business law with the second paper. Paper three is business mathematics, statistics and logical reasoning. Business economics will prepare the students for problem-solving skills. Business terminologies and problem-solving skills are equipped with the CA foundation course. This is the foundation of knowledge for understanding advanced-level subjects.
Conclusion:
CA intermediate is equivalent to a B.com degree. CA final course is equivalent to a master’s degree, and PhD. The conceptualisation, time management and writing skills of the students get moulded with the CA foundation course. Mathematics is the basic level subject with foundational knowledge. Theory subjects are easy as we read English in every class during school. Accounts are the subject that has a higher degree of difficulty. Students need to understand the concept to clear the subjective and objective questions. The descriptive type of answers helps for understanding the subject intensively during the foundational level. Regular classes, revisions, mock tests, study materials, faculty notes and one-to-one attention are the positives that lay the difference between RR Academy and other institutes. Starting the course with confidence and discipline makes the professional journey successful for the students.
