What are the Subjects in CA Foundation Exam Dec 2022?

The Chartered Accountancy’s entry-level examination is CA Foundation. To clear the CA Foundation, students must clear all the CA Foundation Subjects with the required passing percentage. So there are four subjects that the student must prepare for following the CA Foundation registration. The ICAI administers all the CA levels in India, and the exams are conducted twice a year: in May and November. Further, students who wish to develop a profession in the financial sectors of Finance, Law, Economics, and Accounts choose the CA Foundation Course.

When appearing for the CA Foundation examination, students must keep a note of certain things. Following the registration of the CA Foundation, you need to be informed about the CA Foundation exam form dates because you need to fill out the exam form to sit for exams. Further, after you fill out the exam form, you need to download the CA Foundation Admit Card, or else you won’t get entry to the examination center.

Now that we have a basic overview of the CA Foundation course let’s have complete details about the CA subjects Foundation.

CA Foundation Subjects: A Complete Overview

As mentioned earlier, four subjects in CA Foundation revolve around Mathematics, Law, Economics, and Accounting. Further, the CA Foundation subjects 2022 have different question patterns that the student needs to be aware of, and each paper is 100 marks. The first and second subjects are objective, whereas the remaining two are subjective.

Now let’s have an overview of all four CA Foundation course subjects.

The subjects are as follows:

• Principles and Practices of Accounting
• Business Laws and Business Correspondence and Reporting
• Business Mathematics and Logical Reasoning and Statistics
• Business Economics and Business and Commercial Knowledge

Here is an overview of all the subjects.

Principles and Practices of Accounting

So it is the first paper of the Foundation. Further, the CA Foundation Accounts curriculum includes accounting fundamentals that students may have learned in 11th and 12th grade.

Business Laws and Business Correspondence and Reporting

So the second subject out of the CA Foundation Subjects is business law. Moreover, the theoretical components of this curriculum are a little more extensive. It consists of:

• Section A- Business Law (60 Marks)
• Section B- Business Correspondence and Reporting Syllabus (40 Marks)

The CA Foundation Law curriculum includes theory and requires a strong understanding. So section B of the paper is also an important part that focuses on Business Correspondence and Reporting. Businesses and networking go in tandem. Though networking is about sharing information and ideas, this communication must be professional when doing business. In addition, letters and reports are the cornerstones of official communication. Hence, this section will test your communication style in various written forms.

Business Mathematics and Logical Reasoning and Statistics

This subject aids in developing knowledge of Basic Mathematics, Reasoning, and Statistics. Moreover, the CA Foundation mathematics course applies to the commercial, finance, and economics industries and enables students to acquire a logical approach to problem-solving.

The CA Foundation mathematics curriculum consists of forty marks. While the reasoning curriculum comprises 20 marks, the statistics curriculum contains 40 marks.

Business Economics and Business and Commercial Knowledge

This CA Foundation Subject teaches students how to put Business Economics ideas and theories into simple problem-solving situations.

Now let’s have a look at the passing criteria for CA Foundation for CA Foundation subjects.

Passing Criteria Of CA Foundation

Candidates must score at least 40% on each CA Foundation Subject and 50% overall to pass the CA Foundation exam. Students must also note that there are negative points on the CA Foundation examination for objective-based papers. Each wrong answer and there will be a deduction of one-fourth of a point from the final mark. Hence, answer only those questions you are sure about.

Five Tips For Completing The CA Foundation Subjects

1. Study conceptually and prevent rote learning

The questions on the CA examinations are significantly different from those on school exams since they measure students’ foundational understanding. Hence, students must strive to be conceptually clear in all the subjects.

2. Writing practice is a must

Apart from learning and conceptual understanding, a CA aspirant must have ample writing experience. A CA aspirant must possess writing experience. To overcome the fear of forgetting, one should solve relevant questions and practice writing several answers, whether practical or theoretical.

3. Cover ICAI study material

It is common for students to neglect ICAI study material and follow other authors’ books. Following other books isn’t the problem, yet ignoring the ICAI material has. Hence, CA aspirants must note that they cover the Mock Test Papers (MTPs) and the Previous Year’s Question Papers.

4. Take mock tests regularly

A mock test is the most effective method for evaluating yourself in an exam setting. So this is because you will get acquainted with the CA question paper and gradually gain confidence. Consider taking mock tests for all CA Foundation Subjects.

5. Take breaks between study hours

Do not study continually throughout the day if you wish to memorize anything. Hence, take little breaks of 10-15 minutes every two to three hours to refresh yourself.

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Conclusion

Hope this post on CA Foundation Subjects will help you prepare better. For more updates on CA Exams, keep visiting CA Wizard.