FAQs- CA Foundation Course | Academy Tax4wealth

1
FAQs- CA Foundation Course
2
The Institute of Chartered Accountants of India
(ICAI) is a national skilled body that works
towards the development of the chartered
accountancy (CA) profession and regulates CA
exams in India. ICAI offers the CA Foundation
Course which is an entry-level test for the CA
course. Earlier, it had been referred to as the
Common Proficiency Test. The ICAI conducts the
CA Foundation exams double a year in May and
Nov. Chartered Accountancy Chartered
Accountancy is a skilled qualification within the
accounting and financing business whereby a CA is
expected to be Anticipated the management of
finances for an entity. This includes managing
monetary accounts, budgeting, auditing, business
strategy, and taxation. CA Foundation Entry-l
evel test that is conducted twice a year in May
November, formerly called the Common Proficiency
Test (CPT) CA Inter/IPCC 2nd examination
which can be taken up after clearing the CA
Foundation exam. Students should also go through
the CA Test Series which helps them to clear
their doubts and skill their knowledge, with the
help of Test Series you can crack the CA exam
easily. CA Final After clearing the final
level exam for the CA an Inter exam and training
are required.
3

• Levels of CA The CA course needs students to
  pass three levels, namely
• CA Foundation Entry-level Test for the CA
  course that's conducted double a year in May
  Nov, once referred to as the Common Proficiency
  Test (CPT)
• CA Inter/IPCC Second examination which can be
  concerned once clearing the CA Foundation exam.
• CA Final The ultimate level examination once
  clearing the CA lay to rest examination and
  required coaching.
• Before clearing the CA examination, Student
  should know about 5 Best Preparation Tips to
  Clear CA Final Exam Online.
• Job prospects for CAs
• CAs in India are in huge demand since most jobs
  within the Indian finance sector need CA as a
  knowledgeable qualification. Some areas which
  may be explored by CAs are
• Banks (Both personal and public)
• Public restricted firms (mandatory for law)
• Auditing companies (such as KPMG, Price
  Waterhouse, etc.)
• Finance firms, Mutual Funds, Portfolio Management
  firms, Investment homes, Stock Broking companies

4
FAQs CA Foundation Q Can a student apply for
the CA foundation course if hes studying in
school 12th? Yes. Any student who appeared for
his or her 102 examinations conducted by a
board underneath the Central Government or
equivalent can enroll in the Foundation Course
of ICAI. They'll get themselves non-
commissioned at the beginning of the year to look
for the May/June CA foundation examination. Q
Where can I register myself for the CA Foundation
Courses? For Registration, students may visit
https//academy.tax4wealth.com/ Q What's the
paper pattern for CA Foundation exams? The
examination has been split into subjective and
objective categories within the following
pattern SUBJECTIVE Descriptive answers to
queries Paper 1 Principles and Practice of
Accounting Paper 2 Business Laws and Business
Correspondence Reporting OBJECTIVE with
negative marking (i.e., 1 for proper answers and
- 0.25 for wrong answers) Paper 3 Logical
Reasoning, Business Mathematics, and Statistics
Paper 4 Business and Commercial Knowledge
Business Economics The passing percentage is 50
in combination and 40 individually.
5
Q Is CA Foundation easy to crack? Yes, CA
Foundation is easy to urge started with. If you
study utterly using ICAI study resources, you'll
be ready to pass the examination by responsive
mock check papers, revision check papers, and
former years question papers. Q Does CA
Foundation have negative markings? Yes, in
papers three and four, ¼ points will be
subtracted for every wrong answer. Q Can I
pass CA Foundation in two months? Two months is
quite enough time. Throughout these 2 months, you
ought to be ready to end your CA foundation
module and review your course a minimum of
once. Q How to register for the CA Foundation
exam? Registration for the CA Course isn't
enough to look within the exams. You furthermore
may need to fill out the examination form to
inform ICAI that you simply are showing within
the examination. Youll fill out the CA
Foundation examination form from the ICAI portal
once creating the requisite examination
fees. Q What is CA Foundation exam study
material? CA Foundation Study Material CA
foundation examination is an entry-level
examination for candidates intending to pursue a
career in Chartered Accountancy. The examination
is conducted by the Institute of Chartered
Accountants of
6
India for double a year. The coming CA Foundation
examination is going to be conducted on May 11,
13, 15, and 17, 2020. Q How many marks are
required to pass the CA Foundation
exam? Candidates should score a minimum of 40
marks on every paper and a minimum of 50 marks
in a combination of all the papers to pass the CA
foundation examination. CA Foundation
examination is an offline examination conducted
double a year. The question paper is going to be
either in English or Hindi languages. Q How
many times can I give CA Foundation exam in a
year? The initial registration for CA
Foundation is going to be valid for 3 years.
Throughout this duration, a student can offer the
examination 2 times a year (May November) This
accounts for six attempts in three years (2
attempts per year). After three years, the
candidate needs to re-validate his/her
registration. Q Has the CA foundation course
undergone any changes? No. There are no
amendments to the CA foundation program or the CA
foundation registration fee. Q What is the
working notes weightage in accounts? It varies
between 20 to 40. Wherever required, you would
like to organize operating notes to get full
marks. Q Is ICAI study material sufficient
within the CA foundation? Yes
7
Q Can I get a good score using the study
material of ICAI? Yes. However, it'll be useful
to try mock test series often and practice
previous years tests to understand the pattern
of exams. Q How many imprints fall under the CA
foundation exam RTPs? An analysis of the past
assessment papers uncovers that around 50 of
the queries inside the CA foundation examination
come from modules, practice manuals, mock tests,
current RTP, and past year RTP. In some cases,
the exams have immediately previous year.
Generally, the queries within the test are like
the queries within the RTPs. Q What to review
within the last 45-60 days for CA Foundation
Exams? Accounts Queries from study material of
ICAI and also the 5 past attempts RTPs. Law
Daily half-hour reading of sales of merchandise
act 1930, Partnership act 1932, and LLP act 2008
from ICAI book, and complete reading from
excellent revision notes. BCR In BCR, raising
concerning all past attempts RTPs. Math, Stats,
and LR queries from mathematics and statistics
revision notes given inside the CA foundation
Course. Also, follow queries of logical
reasoning. Revise those notes double, every
day. Economics BCK Revise notes and Eco BCK
courses given inside the CA foundation course
double, each day. Q What are the most important
chapters of the CA Foundation? Accounts NPO,
Final accounts, Company accounts, Partnership
8

• Law Sales of merchandise act 1930, Partnership
  act, and LLP act
• BCR Past 5 try RTPs.
• Maths The worth of money, Ratios, Proportions,
  Indices, and Log
• Statistics Measures of central tendency and
  dispersion applied math description of the
  information
• LR All chapters are equally vital
• Economics Theory of demand and provide,
  Production theory and value
• BCK All chapters are equally important
• Also, Read Importance of The Mock Test Series in
  The CA Exam.
• Q How do write answers to case studies given
  under Law?

9
Q How to prepare theory in Statistics? Solve
questions about statistics and keep reading your
revision notes daily. Q Is it necessary to
unravel the additional question bank in
mathematics and Statistics? If the target is
to achieve 80-100 marks, one should solve maths
extra question bank. However, in Statistics,
its not needed in the least. Q Does ICAI
conduct any classes for students appearing in
Foundation Examination? Free classes are
conducted by ICAI for the inspiration level. For
details, students might frequently visit
Institutes BOS knowledge Portal for
announcements in this regard. Q Can a student
from the Science stream get acquainted with the
CA Foundation course? Technically speaking, a
student who has cleared the class 12th
examination from any stream can apply for CA
Foundation exams. That means that ICAI is
receptive to anyone and everybody who might be
interested in taking up the chartered job course.
Therefore, it's vital to check the program right
from the fundamentals. If you are looking 100
job guaranteed course after 12 the commerce
Click here, Job Oriented Courses After 12th
Commerce. Conclusion- Academy Tax4wealth is
one of the best leading companies for Online CA
Classes Chartered Accountant Course (CA Course)
CA
10
Foundation, CA Intermediate CA Final. Also
provides career guidance and counseling to help
aspirants settle and prosper with
perfection. Academy Tax4wealth is one of the
best choices for online CA foundation Classes
and the entire CA Program CA Foundation, CA
Intermediate, and CA Final. Also, provides Online
classes for CA Foundation and video lectures for
the CA Course that are based on the newest ICAI
Syllabus and taught by Indias greatest
professors. The main objective of Academy
Tax4wealth is to assist students in passing
their tests and becoming CAs with good scores on
their first attempt itself. Before you go for
CA Preparation, you should know Some tips, Click
here What are The Best Tips for Chartered
Accountant Course Online?