Title: Which is the Best Online Test Series Platform for CA Foundation exams preparation

ca foundation , ca foundation test series , CPT test series , icai , ca entrance , ca test series , gm test series

Last updated on 20th Apr,2024 696

The candidates can skip this entry level examination if he has completed his graduation or post graduation with commerce stream and attained maximum 55% or 60% from other stream. They can directly jump to the second level of examination. It is Mcq based offline examination where eligible candidates are shortlisted for the next entry. The number of candidates applying for this course has increased gradually; nowadays many students enroll for the CA course. 

For the preparation for this primary level, GM TEST SERIES helps the student to make the roots stronger. Most of the test series provides the online test only to the inter and Final level but GM provides the tests from the foundation till final level. The detailed explanation of the syllabus is given below

The syllabus in this course basically includes the four subjects starting with first subject is Fundamentals of Accounting: this subject involves Preparation of Final Accounts for Sole Proprietors, Accounting for Special Transactions, Bank Reconciliation Statement, Depreciation accounting, Theoretical Framework, Accounting Process, Introduction to Company Accounts and Partnership Accounts. 

Secondly, Mercantile Laws basically means all the laws included in a company to handle or look after its commercial activities. It deals with all the commercial transactions of the trader. The commercial transactions include the agreements between parties, operational activities, the delegation of work, financial transactions, memorandum of associations, etc. So let us understand the meaning of Mercantile Law and its sources, scope. 

It basically includes The Indian Contract Act, 1872 - Summary of Sections 1 to 75 covering the general nature of the contract, consideration, and other essential elements of a valid contract, performance of the contract and breach of contract. Secondly the Sale of Goods Act, 1930 - Formation of the contract of sale, Conditions, and Warranties, Transfer of ownership and delivery of goods, Unpaid seller and his rights. And lastly The India Partnership Act, 1932 - General Nature of Partnership, Rights, and duties of partners, Registration and dissolution of a firm. 

Secondly lastly we have a subject of General Economics which basically includes the topics such as introduction to Micro Economics, Theory of Production and Cost, Price Determination in Different Markets, Micro Economics, Theory of Demand and Supply, Money and Banking, Indian Economy – A Profile, Select Aspects of Indian Economy, Indian Economic Development, Economic Reforms in India. and at last mathematics comes which we generally call the Quantitative Aptitude and under this Sets, Relations and Functions, Sequence and Series, Arithmetic and geometric progressions, Index Numbers, Ratio and proportion, Logarithms, Indices, Simple and Compound Interest, Equations, Inequalities, Regression and Correlation,  Basic concepts of Permutations and Combinations, Basic concepts of Differential and Integral Calculus, Theoretical Distributions, Measures of Central Tendency and Dispersion, Limits and Continuity, Intuitive Statistical description of data, Sampling Theory Topics  are covered and many students face problem under this subject because many students face problem in solving high calculations.  

So far we have discussed the syllabus of course so it is very important for us to understand the importance of that why we need to opt for test series to get the best result, first let us discuss the passing criteria for the same to qualify the CA Foundation exam, candidates need to secure minimum 40% marks in each paper and an aggregate of 55% in all four papers. 

For subjective questions there is no negative marking. But for objective questions, ¼ marks will be deducted for every wrong answer. So students need to practice a lot to get the desired result. Many aspirants may have this in their mind that why should they do the preparations from the mock test? Is a mock test vital to prepare for CA exams? Well, the major cause for taking any mock test is to know the current preparation level, what will be the difficulty level of the question paper, and to get an idea about the questions that are likely to be asked in the exams Also, those candidates can get knowledge of a complete exam day environment.

For the preparations even Institute of Chartered Accountants of India (ICAI) provides official mock tests that help the CA Candidates for May 2022 and Nov 2022 Mock tests are made available for all three levels - CA Foundation, CA Intermediate and CA Final by ICAI. Now let us discuss the importance of writing mock test for the upcoming exams now.

·        Firstly with writing the mock test students would able to understand the Time Management Candidates must keep in mind that they have to solve 100 questions in a limited duration. There is no restrictions that to solve questions with any specific section. Candidates must keep in mind the allotted time, questions to be solved and average time taken in solving each question.

Many candidates are confused whether to appear in a mock test or not. Is a mock test important? If yes, how? Studying too little in a day is as harmful as studying too much the next day out of guilt. By effectively dividing your time between studies, sleep, and leisure, you make sure the timetable you follow is balanced and most of all, sustainable over a period of time. His will inspire you to achieve more by setting higher goals and attaining them too. 

If you consistently adhere to the timetable you have set for yourself, you’ll automatically wake up on time, study on time, go to bed on time, stay away from temptations, and be persistent in your efforts and moreover When your schedule is planned down to every minute, and you make sure things go according to plan, it won’t be long before you start feeling a sense of calm satisfaction. This quiet fulfillment – at having the power to take charge of your life and lead it correctly – will soon begin seeping into your consciousness, filling it with positivity.

·        Doing practice more with mock test series helps to Acquire Tricks and Shortcuts of Solving Questions to acquire an understanding on how to solve such objective questions in the CA exam, candidates can learn different ways and tricks of solving challenging and demanding questions in advance and can win from other candidates by scoring good marks. This can be done only when we explore our self and experience the best outcome with using of mock test series. For example in the quantitative aptitude subject there are many hard and complicated sums which are seems to be very complex but it can be achieve very easily when we have sharp mind to crack the answer with the simple tricks, this can be done very easily by taking the mock test and can take the knowledge from the experts. But yes side by side proper practice is also very essential.

·        Not only online test series helps to saves time, but also very reasonable. It is much cheaper and easy than taking up manual test. Sometimes, online mock test are available for free also for the trails and if you are taking up the online test from your doorstep, then it can even reduces your travelling costs too. By registering for an online test series, they will have access to thousands of test questions prepared by expert faculty covering different subjects related to the competitive exam students will be taking along with other aspirants with the same pattern as it would be given in the real exams.

·        And most importantly at the foundation if they get an idea and the importance of test series then for the upcoming levels they don’t have to bother for the inter and final level, This will give you an idea about the exam pattern and would force you to practice within the given time frame. Students would have an extra time to weak areas on a daily basis rather than in one go that will go simultaneously with the final and inter level.

So at the end we can say that choosing the write test series is very essential but it is very important which test series we are going with as we know market is flooded with lots of test series but the one that would give you an effective results is the first thing that would help you to cover your entire syllabus, GM TEST SERIES helps the students to get the guidance from the experts regarding time management, shortcuts, an idea of the exam pattern and many more, 

This would definitely help the students to achieve their desired results and can fulfill the dream to become CHARTERED ACCOUNTANT.