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FAQs- CA Foundation Course | Academy Tax4wealth

In this blog learn some General Questions Related to CA Foundation that will Help to Solve your Queries Related to CA Foundation Syllabus, Exams, Paper patterns, Registration, and learn many more.<br>https://academy.tax4wealth.com/blog/faq-ca-foundation-course <br>https://academy.tax4wealth.com/<br>

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FAQs- CA Foundation Course | Academy Tax4wealth

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  1. FAQs- CAFoundationCourse

  2. TheInstituteofCharteredAccountantsof India(ICAI)isanationalskilled bodythatworkstowardsthedevelopmentofthecharteredaccountancy (CA)professionand regulatesCAexamsinIndia. ICAIofferstheCAFoundationCoursewhichisanentry-leveltestfor theCAcourse.Earlier,ithadbeenreferredtoastheCommonProficiency Test.TheICAIconductstheCAFoundationexamsdoubleayearinMay andNov. CharteredAccountancy: CharteredAccountancyisaskilledqualificationwithin theaccountingandfinancingbusinesswherebyaCAisexpectedtobe Anticipatedthemanagementoffinancesforanentity.Thisincludes managingmonetaryaccounts,budgeting,auditing,businessstrategy,and taxation. CAFoundation: Entry-leveltestthatisconductedtwiceayearinMay&November, formerlycalledtheCommonProficiencyTest(CPT) CAInter/IPCC : 2ndexaminationwhichcanbetakenupafterclearingtheCAFoundation exam.StudentsshouldalsogothroughtheCATestSerieswhichhelps themtocleartheirdoubtsandskilltheirknowledge,withthehelpofTest SeriesyoucancracktheCAexameasily. CAFinal: AfterclearingthefinallevelexamfortheCAanInterexamandtraining arerequired.

  3. Levels ofCA–TheCAcourseneedsstudentstopassthreelevels, namely: CAFoundation–Entry-levelTestfortheCAcoursethat'sconducted doubleayearinMay&Nov,oncereferredtoastheCommonProficiency Test(CPT) CAInter/IPCC–Secondexaminationwhichcanbeconcernedonce clearingtheCAFoundationexam. CAFinal–TheultimatelevelexaminationonceclearingtheCAlayto restexaminationandrequiredcoaching. BeforeclearingtheCAexamination,Studentshouldknowabout5Best PreparationTipstoClearCAFinalExamOnline. Jobprospectsfor CAs: CAsinIndiaareinhugedemandsincemostjobswithintheIndian financesectorneedCAasaknowledgeablequalification.Someareas whichmaybeexploredbyCAsare– Banks(Bothpersonalandpublic) Publicrestrictedfirms(mandatoryforlaw) Auditingcompanies(suchasKPMG,PriceWaterhouse,etc.) Financefirms,MutualFunds,PortfolioManagementfirms, Investmenthomes,StockBrokingcompanies Legalcompanies,Legalhomes,Patentcompanies,attorneys,Trade Mark,andCopyrightRegisters

  4. FAQs – CAFoundation: Q:Can a studentapplyforthe CAfoundationcourseifhe’s studying inschool12th? Yes.Anystudentwhoappearedforhisorher10+2examinations conductedbyaboardunderneaththeCentralGovernmentorequivalent canenrollintheFoundationCourseofICAI.They'llgetthemselvesnon- commissionedatthebeginningoftheyeartolookfortheMay/JuneCA foundationexamination. Q:Wherecan I registermyselffortheCAFoundationCourses? ForRegistration,studentsmay visit:https://academy.tax4wealth.com/ Q: What'sthe paperpatternforCAFoundationexams? Theexaminationhasbeensplitintosubjectiveandobjectivecategories withinthefollowingpattern– SUBJECTIVE–Descriptiveanswerstoqueries Paper1:PrinciplesandPracticeofAccounting Paper2:BusinessLawsandBusinessCorrespondenceReporting OBJECTIVE–withnegativemarking(i.e.,+1forproperanswersand- 0.25forwronganswers) Paper3:LogicalReasoning,BusinessMathematics,andStatistics Paper4:BusinessandCommercialKnowledge&BusinessEconomics Thepassingpercentageis50%incombinationand40%individually.

  5. Q:IsCAFoundationeasyto crack? Yes,CAFoundationiseasytourgestartedwith.Ifyoustudyutterlyusing ICAIstudyresources,you'llbereadytopasstheexaminationby responsivemockcheckpapers,revisioncheckpapers,andformeryear’s questionpapers. Q: DoesCAFoundationhavenegativemarkings? Yes,inpapersthreeandfour,¼pointswillbesubtractedforeverywrong answer. Q: CanI passCAFoundationintwomonths? Twomonthsisquiteenoughtime.Throughoutthese2months,youought tobereadytoendyourCAfoundationmoduleandreviewyourcoursea minimumofonce. Q: Howto registerforthe CAFoundationexam? RegistrationfortheCACourseisn'tenoughtolookwithintheexams. Youfurthermoremayneedtofillouttheexaminationformtoinform ICAIthatyousimplyareshowingwithintheexamination.You’llfillout theCAFoundationexaminationformfromtheICAIportaloncecreating therequisiteexaminationfees. Q: What isCAFoundationexamstudymaterial? CAFoundationStudyMaterial: CAfoundationexaminationisanentry-levelexaminationforcandidates intending to pursue acareer inChartered Accountancy. The examinationisconductedbytheInstituteofCharteredAccountantsof

  6. Indiafordoubleayear.ThecomingCAFoundationexaminationisgoing tobeconductedonMay11,13,15,and17,2020. Q: Howmanymarksare requiredtopassthe CAFoundationexam? Candidatesshouldscoreaminimumof40%marksoneverypaperanda minimumof50%marksinacombinationofallthepaperstopasstheCA foundationexamination.CAFoundationexaminationisanoffline examinationconducteddoubleayear.Thequestionpaperisgoingtobe eitherinEnglishorHindilanguages. Q: Howmanytimes canIgiveCAFoundationexaminayear? TheinitialregistrationforCAFoundationisgoingtobevalidfor3years. Throughoutthisduration,astudentcanoffertheexamination2timesa year(May&November)Thisaccountsforsixattemptsinthreeyears(2 attemptsperyear).Afterthreeyears,thecandidateneedstore-validate his/herregistration. Q:HastheCAfoundationcourseundergoneanychanges? No.TherearenoamendmentstotheCAfoundationprogramortheCA foundationregistrationfee. Q:Whatistheworkingnotesweightageinaccounts? Itvariesbetween20%to40%.Whereverrequired,youwouldliketo organizeoperatingnotestogetfullmarks. Q:IsICAI studymaterialsufficientwithinthe CAfoundation? Yes

  7. Q:CanIgetagood scoreusingthestudymaterialof ICAI? Yes.However,it'llbeusefultotrymocktestseriesoftenandpractice previousyears’teststounderstandthepatternofexams. Q:Howmanyimprintsfallunderthe CAfoundationexamRTPs? Ananalysisofthepastassessmentpapersuncoversthataround50%of thequeriesinsidetheCAfoundationexaminationcomefrommodules, practicemanuals,mocktests,currentRTP,andpastyearRTP.Insome cases,theexamshaveimmediatelypreviousyear.Generally,thequeries withinthetestarelikethequerieswithintheRTPs. Q: Whatto reviewwithinthe last45-60daysforCAFoundationExams? Accounts:QueriesfromstudymaterialofICAIandalsothe5past attemptsRTPs. Law:Dailyhalf-hourreadingofsalesofmerchandiseact1930, Partnershipact1932,andLLPact2008fromICAIbook,andcomplete readingfromexcellentrevisionnotes. BCR:InBCR,raisingconcerningallpastattemptsRTPs. Math,Stats,andLR:queriesfrommathematicsandstatisticsrevision notesgiveninsidetheCAfoundationCourse.Also,followqueriesof logicalreasoning.Revisethosenotesdouble,everyday. Economics&BCK:RevisenotesandEco&BCKcoursesgiveninside theCAfoundationcoursedouble,eachday. Q:Whatarethemostimportantchaptersofthe CAFoundation? Accounts:NPO,Finalaccounts,Companyaccounts,Partnership

  8. Law:Salesofmerchandiseact1930,Partnershipact,andLLPact BCR:Past5tryRTPs. Maths:Theworthofmoney,Ratios,Proportions,Indices,andLog Statistics–Measuresofcentraltendencyanddispersion+appliedmath descriptionoftheinformation LR:Allchaptersareequallyvital Economics:Theoryofdemandandprovide,Productiontheoryand value BCK:Allchaptersareequallyimportant Also,Read;ImportanceofTheMockTestSeriesinTheCA Exam. Q:Howdowrite answers tocasestudies givenunder Law? Theprimaryparagraph–WriteprovisionsoftheAct. Withinthesecondparagraph–writefactsfromcasestudies. Thethirdparagraph-Writetheconclusion. Q:Isitnecessarytowrite downasectioninLaw? No.However,it'dfacilitateifyoumentionedthenameoftheAct. Q:Howtorememberthe provisions intheLaw? ReadrevisionnotesgivenwithintheCAfoundationcoursedailyfor aroundhalfanhour.

  9. Q: Howtoprepare theoryinStatistics? Solvequestionsaboutstatisticsandkeepreadingyourrevisionnotes daily. Q:Isitnecessarytounraveltheadditionalquestionbankinmathematicsand Statistics? Ifthetargetistoachieve80-100marks,oneshouldsolvemaths’extra questionbank.However,inStatistics,it’snotneededintheleast. Q:DoesICAIconduct anyclassesforstudentsappearinginFoundation Examination? FreeclassesareconductedbyICAIfortheinspirationlevel.Fordetails, studentsmightfrequentlyvisitInstitute’sBOSknowledgePortalfor announcementsinthisregard. Q:Cana studentfromtheSciencestream getacquaintedwiththeCAFoundation course? Technicallyspeaking,astudentwhohasclearedtheclass 12thexaminationfromanystreamcanapplyforCAFoundationexams. ThatmeansthatICAIisreceptivetoanyoneandeverybodywhomightbe interestedintakingupthecharteredjobcourse.Therefore,it'svitalto checktheprogramrightfromthefundamentals. Ifyouarelooking100%jobguaranteedcourseafter12the commerceClickhere,JobOrientedCoursesAfter12th Commerce. Conclusion:- AcademyTax4wealthisoneofthebestleadingcompaniesforOnline CAClasses&CharteredAccountantCourse(CACourse)–CA

  10. Foundation, CA Intermediate &CA Final. Also provides career guidance andcounselingtohelpaspirantssettleandprosperwithperfection. AcademyTax4wealthisoneofthebestchoicesforonlineCA foundationClassesandtheentireCAProgram—CAFoundation,CA Intermediate,andCAFinal.Also,providesOnlineclassesforCA FoundationandvideolecturesfortheCACoursethatarebasedon thenewestICAISyllabusandtaughtbyIndia’sgreatestprofessors. ThemainobjectiveofAcademyTax4wealthistoassiststudentsin passingtheirtestsandbecomingCAswithgoodscoresontheirfirst attemptitself. BeforeyougoforCAPreparation,youshouldknowSometips,Click hereWhatareTheBestTipsforCharteredAccountantCourse Online?

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