Planning for CA-Foundation

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PLANNING FOR CA-Foundation

CA-Foundation is a combination of descriptive and objective type examination in the following subjects

Paper-1: Principles and Practice of Accounting (100 Marks)

Paper-2: Business Law & Business Correspondence and Reporting (100 Marks)
Section A: Business Law (60 Marks)
Section B: Business Correspondence and Reporting (40 Marks)

Paper-3: Business Mathematics and Logical Reasoning & Statistics (100 Marks)
Part I: Business Mathematics and Logical Reasoning (60 Marks)
Part II: Statistics (40 Marks)

Paper-4: Business Economics & Business and Commercial Knowledge (100 Marks)
Part I: Business Economics (60 Marks)
Part II: Business and Commercial Knowledge (40 Marks)

Paper-3 and Paper-4 are objective type papers with negative marking.

  • For CBSE Students: 90% of Foundation syllabus is covered in Class XI and Class XII for the following subjects
    - Principles and Practice of Accounting
    - Business Economics & Business and Commercial Knowledge
    - Business Mathematics and Statistics
    Note: For State Board/ Matriculation / ICSE Students, all the above subjects are covered with certain minor differences.
  • Extensive efforts in Class XI and XII will help the students to revise the topics effectively for CA-Foundation examination.
  • It is always advisable to take up classes in the 11th Standard Summer vacation as the student will have ample time for preparation.
  • Along with preparations for 12 standard examination, the student is recommended to start preparing for Foundation exams by revising the topics and solving model test papers, in such a manner that it does not interfere with his /her 12 standard preparation.
  • After Board examination, the student can register for the Foundation course and can enroll for classes. Four months study course is essential for this examination. Hence registration with the Institute should be done before 30th June. .
  • Sri Sankara Coaching Centre conducts classes for CA-Foundation from the month of May/June for November exam and from the month of Nov/December examination and it will be a four to five months training period.
  • We are also conducting classes for 11th completed students from the month of May to November. Classes will be conducted on daily basis in the month of May and on Sundays in the months of June to November.
  • SSCC also offers model tests and mocks tests for enabling adequate revisions before facing the main examination.

At the Foundation Examination

What is required at the examination?
• Positive attitude
• Time management
• Accuracy
• Alertness of mind
• Alertness of body

In case of Objective Papers, answer a question only if you are sure of whether it is correct. Do not do mere ticking and end up in a failure on account of negative marking. Student should not ignore any subject during preparation as a minimum of 40% is required in all subjects and 50% in aggregate to pass the examination. The marks obtained in the Foundation exams will provide confidence to the student to prepare academically well for the subsequent Intermediate and Final stages. However, he should not get lost in the glory of success in Foundation exams.

There is no room for Complacency in this course.

General Advice for CA Students:

When studies are planned properly and implemented effectively, the student gains the confidence levels required for the exams.
Higher confidence levels and positive attitude transforms itself into Assured Success
Forget the 4 C’s to become a Chartered Accountant in the minimum time. 4 C’s refer to
• Cricket
• Computer (Facebook, twitter, video games etc..)
• Cell phone
• Cinema

Spending time qualitatively is more important that the amount of time spent on studies. Relaxation is necessary but getting carried away in the company of friends and cultural activities will not help you to clear the India’s second toughest examination. Students should follow healthy eating and sleeping habits in order to stay alert while preparing for exams. It is advisable to have sound sleep on the date before the examination to avoid complacency and tiredness inside the exam hall.

WARNING

Don’t get misguided by your seniors who are still at Inter or final level. Always go for guidance only from a Qualified Chartered Accountant. Please be safeguarded from the students who are yet to qualify and call themselves as volunteers of other coaching institutions. We have found out that they are the primary reason for many students’ failure in the exam.