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Goal Setting and its importance in life for CA Students

  We all know that setting goals is vital, yet as we go through life, we frequently underestimate their significance. Setting goals doesn't have to be tedious. Having a set of objectives to strive for has a lot of advantages. Setting objectives enables you to develop new habits, direct your attention, and maintain your momentum in life. A sense of self-mastery and concentration alignment are two additional benefits of goals. In the end, you can't measure what you can't manage, and you can't improve what you can't manage well. You may accomplish all of that and more by setting goals. Setting goals involves identifying concrete, doable objectives for oneself. Checking to check if your goal satisfies the SMART criteria is a useful technique for goal evaluation: • Specific - An notion of what you want to do that is clear and explicit; one easy tip for setting goals is to begin with a verb. • Measurable - When it comes to your goal, be precise about how many ...

Tactics for Students to Balance College, Work and Social Life

Here are  Tactics for Students to Balance College, Work and Social Life 1.       Organize your time. It can be tempting to fill your schedule with interesting activities, but college is a time to try new things. Just keep in mind that there are only 24 hours in a day. You'll burn out far more rapidly if you try to squeeze in too much. Take your time instead. Don't stress about cramming everything in; you still have years left in college. Your studies should be your top priority while in college; after all, it is a higher education facility. After a few of weeks of classes, determine your priorities—whether they are sports, socialising, music, or any other college opportunities—by accurately estimating how much free time you have. 2.                 Instead of studying harder, study smarter Many students believe that productive study requires spending numerous hours at the librar...

Should a Student Prepare for CA along with XI-XII?

The most important, honourable, and distinguished courses in the realm of commerce are CA and CS. A solid foundation is necessary for success in this education. The first day of 11th grade laid the groundwork for a student's future. For those who are serious about pursuing a profession in finance, accounts, chartered accountancy, economics, banking, business, or management, the commerce stream is excellent. Experts have noticed from years of teaching that students who begin studying for professional tests like the CA Foundation or CS Foundation in the eleventh grade are more focused, well-prepared, and consistently achieve the highest grades. Additionally, statistics show that students who study CA/CS foundation in addition to 11th and 12th grade also perform better on the 12th board exam . While the majority of candidates begin their CA preparation during their 12th grade year, students can also begin their planning earlier, in their 11th grade year. Here is how students can p...

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...