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Didn’t clear CA final exams? What next?

It can be quite upsetting to not clear CA exams after many attempts, and one may think that it was a waste to choose the commerce field, but today we have some other options for you that you can choose from, in case you quit or didn’t clear CA final exams. ·         CPA Certified Public Accountant (CPA) CPA is one of the job possibilities available following CA. In the discipline of accounting, it represents the highest grade of proficiency. If you want CPA certification, you will also be familiar with US GAAP, IFRS (International Financial Reporting Standards), GAAS, US federal taxation, and corporate legislation in addition to the CA. Forensic accounting, international accounting, tax accounting, etc. are career opportunities after becoming a CPA. The four papers or sections of the CPA Exam must be finished within a year. ·         Certified Management Accountant (CMA) The CMA credential is another exce...

Understand CA Foundation Depreciation Accounting for May 2022 Exams

Depreciation is allocated so as to charge a fair proportion of the depreciable amount in each accounting period during the expected useful life of the asset. Depreciation includes the amortisation of assets whose useful life is predetermined. Here are 4 reasons why we need to calculate depreciation on every fixed asset that we or the company owns:- 1.       To get the correct and accumulated fund amount in case of replacement of assets 2.     To make sure that every operation done through fixed assets is giving the expected output. 3.     To have the true cost of production. 4.     To have the correct and true review of the financial position There are three major factors that affect the amount of expense depreciation for any fixed assets. 1.       The expected uses the life of assets 2.     Cost of assets 3.     The estimated market value of the...

What are the Subjects of Commerce Stream for classes 11th and 12th? (2022-23)

 If you’re wondering whether taking Commerce as your specialization after class 10 th is the right option for you then you’ve stumbled upon the right article. We are going to talk about the most basic part of the commerce stream, the origin of commerce in your education- class 11 th and 12 th , where first time after 13 years of education, you get a choice, about the subjects and the stream you want to pick. So driving right in, commerce is a specialization that has to do with everything about a business. Right from the pre-commencement stages to the dissolvement of it and everything in between, is covered in the stream of commerce. Everything from the legislation part of the business, to the actual running of a business, one can expect to learn everything about it in brief, before they can choose to specialize further in their graduation. There are five subjects in the Commerce stream class 11-12th. The three main subjects in Commerce are Accountancy, Business Studies, and...

Applied Maths vs Pure Maths

  Maths is one of the most crucial subjects when it comes to CA career , it helps students explore future career options after passing out from school, and it has been frequently noted that people believe that maths is of use only to science students and not to commerce or humanities students, which is why CBSE schools have added applied maths in the syllabus as an elective and not a compulsory subject. But it is important to note that maths helps you acquire knowledge and important understanding to develop a positive attitude to think, analyse and see things logically whereas applied mathematics helps you develop an understanding of basic mathematical tools and statistical tools and their application in the field of commerce especially. Whereas Pure maths is generally used to solve problems related to mathematics only, The problems and theorems that directly challenge pure mathematics can appear in fields such as algebra, geometry, number theory, differential or integral calc...

Roadmap to clear CA foundation November exam 2022

Today we are giving you some pieces of advice to crack the CA foundation exam in four months but the difficult part is execution and which is your part. The course at the Foundation level is divided into four subjects – 1.       Principles and Practices of Accounting. 2. Business Laws and Business Correspondence and     Reporting. 3.  Business Mathematics and Logical Reasoning and   Statistics. 4.   Business Economics and Business and Commercial  Knowledge. The first two papers in the course are subjective and the latter two are objective. The students are advised to start preparation with the 12th standard. Here are some Expert Advice to Prepare for CA Foundation during 4 Months of Study Leaves Students who are preparing for the CA Foundation exam for the first time, don’t know much about preparation, so these tips can help you crack the exam in the first go. 1.   Join the Best CA Foundation Coac...

How to score more in theory subject of CA exams?

Theory papers of CA Exams can be quite difficult for some students to crack, mainly because there are a lot of dos and don’ts while solving a theory paper, as compared to the practical paper. There are a certain tips and tricks that you can use to score well in theory paper, and we are sure that if you have studied well and cleared your theoretical concepts then these tips will just be an amazing add on to your overall theory papers scores.  1.  Handwriting A lot of people don’t take this seriously but your handwriting needs to be proper and legible for the examiner who’s correcting your paper. Your handwriting need not be too good but it shouldn’t be very bad either as then it gets tricky for the examiner to check your paper. 2.  Language and sentences It is important to know that each student has a different way of expressing their theoretical knowledge which can be completely different from the examiner, which could create a language barrier. Well the easiest solution...

Is B.Com compulsory for doing CA?

Most of the students doing CA Course are doing B.Com graduation degree on the side as well. But is it really a prerequisite for the CA course ? Let’s find out! A student doesn’t need to compulsorily do B.Com along with their CA course if they are going via the CA Foundation route. It means that students who take CA Foundation course right after class 12 th , don’t need to choose B.Com degree alongside but if the student wishes to do CA Intermediate via direct entry, the student must have a bachelor’s degree in commerce stream. Direct entry means doing CA Intermediate course without giving CA Foundation exam. However if you still wish to pursue B.Com along with CA course , then you can be assured that it will be easier for you because the subjects are pretty similar for CA and B.Com. According to us, no classes for B.Com are required if you are a CA student. It can be easily managed. Also B.Com will be an addition to CA aspirants and since it’s easy to achieve on the side, many stu...