Why is the CA Foundation mock test series important?

Is your goal to become a Chartered Accountant? And you have already started your preparation for the same. But, do you know that the CA Foundation course is an important step towards your dream? Why engage in self-study, taking this course with a reputed CA coaching institute will only help in your preparation. However, merely enrolling in the course is not enough. We also suggest that you take assessments, mock tests, CA Foundation test series, etc., to further aid your preparation. Here, we give you an overview of the course itself and the importance of mock tests.

What is CA Foundation?

Firstly, to understand the importance of the CA Foundation, you need to know what exactly it entails? Basically, CA Foundation has replaced the Common Proficiency Test (CPT) in 2019. The CA Foundation Course is a revised version of this entry-level exam that was introduced by the Institute of Chartered Accountants of India (ICAI). The curriculum for the test has been revised and the CA Foundation syllabus is quite exhaustive. The test has two sections as well – objective and subjective.

Besides, the CA Foundation exam is held twice a year. This year the first session will be held from June 24 to June 30 and the second session will be held in November/December. Both exams will be in an offline mode.

The main aim of the ICAI in replacing the CPT with the CA Foundation is to make the entry-level tougher than the previous one. By doing this, the institute aims to create more competent CAs.

Moreover, the ICAI has revised the eligibility criteria as well, on account of the delay in Class 12 Boards and State Board results. Thus, it has allowed provision registration for those who are yet to clear their Class 12.

Do keep in mind that CA aspirants can now register for CA Foundation:

• After they clear their Class 10 exams
• This registration is regularized when the student clears Class 12
• Graduates and post-graduate aspirants are exempted from the CA Foundation test
• They can register for CA Intermediate directly

Besides, those who have registered for the CA Foundation course must enroll for a four-month study period as well. Thus, the CA Foundation test series proves invaluable in cracking this exam.

CA Foundation Papers:

We offer a brief about the CA Foundation exam, i.e., the papers and the basic details.

• This offline exam can be taken in two languages –
  • English
  • Hindi
• There are four papers in total
• Paper 1 and 2 are subjective in nature
• Paper 3 and 4 are objective, with a negative marking of 0.25 marks

The four papers are as follows:

• Paper 1: Principles and Practice of Accounting
• Paper 2: Business Laws and Business Correspondence and Reporting
• Paper 3: Business Mathematics, Logical Reasoning, and Statistics
• Paper 4: Business Economics and Business and Commercial Knowledge

Marks distribution of CA Foundation

• Paper 1: Principles and Practice of Accounting – 100 marks
• Paper 2: Business Laws and Business Correspondence and Reporting
  • Section A – Business Laws – 60 marks
  • Section B – Business Correspondence and Reporting – 40 marks
  • Section A – Business Mathematics – 40 marks
• Paper 3: Business Mathematics, Logical Reasoning, and Statistics
  • Section B – Logical Reasoning – 20 marks
  • Section C – Statistics – 40 marks
• Paper 4: Business Economics and Business and Commercial Knowledge
  • Section A – Business Economics – 60 marks
  • Section B – Business and Commercial Knowledge – 40 marks

You must score a minimum of 40% on every paper and score a minimum of 50% in aggregate of all the papers to clear the foundation test. Besides four months of diligent studies, we recommend solving sample papers, and the CA foundation Mock Test Series is also highly recommended.

Why are mock tests important?

As we are aware, mock tests are highly recommended by everyone including experts. They are quite important as they provide a scenario similar to the real test. The questions and marking scheme follows the same structure as the real exam, thus giving you a near-perfect idea about the actual one.

We list some key benefits of the CA foundation test series, May 2022

• Acquaints you with the real one

Taking mock tests will familiarize you with the most likely questions at the exams, thus bringing out your weak areas and strategizing to work on these.

• New methods/tricks for the same problems

Mock tests bring forth new challenges. Hence, you can have a different approach to solving questions much faster and with more accuracy.

• Developing the right strategy

Taking the CA Foundation mock test series helps you adopt the correct strategy as these tests evaluate your weaknesses for you to work on. Thus, they function as a benchmarking tool as well.

• Analyzes time management techniques

Managing your time wisely is of utmost importance in competitive exams and giving mock tests certainly helps you increase your speed and accuracy to solve questions in a limited duration.

• Helps in evaluation and preparation

Mock tests are crucial to evaluating your mistakes and fixing them. Answering questions in every possible way and finding out other solutions will help you understand concepts and basics better.

Overall, mock tests help you enhance your performance as they bring out your abilities and caliber. These tests also help in pointing out how much preparation is needed (if any) at your end. Thus, pick the Best CA Foundation test series, analyze your preparation, polish up on topics, enhance your performance and nail the CA Foundation exam.