Every year thousands of Indian youth appear for the CA examinations with the dream of becoming a Chartered Accountant (CA) in their eyes and hope to enjoy their successful career. But only a few of them make their dreams come true. There can be many reasons for this - from wrong study strategy to not being serious about studies and many more. The Institute of Chartered Accountants of India (ICAI) conducts CA examinations twice a year. CA Foundation is the first stage of CA exams; The Foundation Course helps students prepare from the basics for what a potential accountant will face. Before enrolling for the CA Foundation exam, students must know the syllabus and question papers.
In this article, let us look at some of the questions asked by aspiring accountants related to the exam, which will help many students get familiar with the foundation syllabus.
Question: How many papers are there in the CA Foundation course?
Answer: There are four papers in CA Foundation Course, all 100 marks.
Question: What is included in Paper 1 - Principles and Practice of Accounting?
Answer: CA Foundation Paper 1 is subjective and consists of two modules. The first module covers the theoretical framework of accounting, such as the Accounting Process, Accounting for Depreciation, Inventory, Dealing with Special Transactions and Reconciliation Statements. While the second module covers things related to partnership and business accounts. Students also become familiar with the organisations' company accounts and financial statements.
Question: What is included in Paper 2 - Business Law and Business Correspondence and Reporting?
Answer: This paper is also subjective, and students should develop a deep understanding of this paper as it will be advantageous at later levels. In this, students are taught everything about business law, correspondence and reports. In addition, students learn about the Indian Contract Act of 1872 and the Indian Partnership Act of 1932 in detail in Paper 2.
Question: What is covered in Paper 3 - Business Mathematics, Logical Reasoning and Statistics?
Answer: CA Foundation Paper 3 is objective type and divided into three parts. The first part deals with business mathematics in which the concepts of equations, linear inequalities, permutations & combinations, ratios & proportions, indices and logarithms, and differential and integral calculus are taught. The second section deals with logical reasoning focusing more on number series and coding. In the final section, statistics related to central tendency and dispersion measures, Student probability, correlation, and regression are taught.
Question: What is included in Paper 4 - Business Economics and Business & Commercial Knowledge?
Answer: This paper is also subjective, and in the first part, one is introduced to concepts like demand and supply, the price mechanism and the business cycle. The second section deals with dealing with business organisations and environments.
Students who want to know more about the CA Foundation syllabus and exams can enrol on Gopal Bhoot Classes. Experts from Gopal Bhoot Classes are available to clear the doubts of the students. Their guidance makes it easier for students to navigate the curriculum. Gopal Bhoot provides classes to students in both offline and online mediums. If you are looking for the best online mock test series for CA Foundation, you can go with Gopal Bhoot Coaching Institute without thinking twice.
By joining Gopal Bhoot Classes, students can strengthen their preparation and move towards realising their dreams with solid confidence.
