What are some subject-wise tips to clear the CA foundation in the 1st attempt?

1. Principles and Practices of Accounting (100 marks)

The first and foremost rule for Accountancy is to not mug up, but to understand the various concepts and topics.  This is important to make the base strong which will further help in solving various difficulty level questions.

Maintain a study journal to note down:

• Practice is the key to success in this case of this subject. You need to keep practising questions, even repeatedly, to improve your analytical and conceptual knowledge.

• Put extra focus on the following key chapters (this is an inclusive list):

2. Business Laws and Business Correspondence and Reporting (100 marks)

• Business Laws (60 marks)

• Law comes with the risk of boredom since it’s pure theory. This is the outlook and experience of many students. But law can only get interesting and easy to study if you concentrate on the whys rather than on the whats. Behind every drafted law, there is logic. Try to understand why the provision exists. This helps to increase analytical skills and to build a strong base. 

• The institute’s study material is well drafted with a lot of examples. Hence, it is the most sought for material despite its difficult language. The key to cracking law is to read, read and read. 

• You should also prepare summary notes which can be used for later revision. Presentation of content has a great impact on your retention power and hence, usage of charts will also help to a great extent.

• Business Correspondence and Reporting (40 marks)

• Business Correspondence and Reporting mainly concentrates on English as a proficiency subject.

• Reading the study material and getting your +2 basics right is the recommended strategy to approach this subject.

3. Business Mathematics and Logical Reasoning and Statistics (100 marks)

• Practice makes it perfect should be your motto towards approaching this paper. Mastering each question should be your motive. Mathematics, Statistics are more technical whereas Logical Reasoning is more analytical. 

• Maintain a study journal to note down:

• Important concepts

• Important questions

• Easy to access notes

• Important formulas

• The questions from institute’s material should be done thoroughly. This gives an understanding of the institute’s difficulty level.

• Good and difficult questions should be repeatedly practiced as it helps in time management as well as concept clarity. 

• You should focus on doing the maximum number of questions rather than on reading theory since it’s an objective paper.

• The following is the mark break up for each section:

• Mathematics: 40 marks

• Logical Reasoning: 20 marks

• Statistics: 40 marks

• Focus on the chapter “time value of money” as it has due importance in future academics.

4. Business Economics and Business and Commercial Knowledge (100 marks)

• Business Economics (60 marks)

• Business economics is easy to understand and deal with, especially it being an objective paper. 

• You must keep practicing questions every day to get familiarity. 

• Questions and concepts can be referred from the institute study material.

• Note making will help to a great extent to build a strong concept base.

• Business and Commercial Knowledge (40 marks)

• As this is a purely theory-based subject, you can keep it for the last because it is very generic in nature.

• The institute’s study material is recommended for learning and practice.

• Clarity of every concept is more important than mugging up the theory. Clarity can be improved by giving due diligence to the examples given in the study material. 

• The subject mainly revolves around general knowledge with respect to businesses.