Top 5 Recommended Books to Excel in CA Foundation Exam 2024

Aspiring Chartered Accountants preparing for the CA Foundation Exam in 2024 can expect a difficult but rewarding journey. This prestigious examination requires careful preparation, dedication, and access to the appropriate study materials. To help candidates achieve their goals, iProledge has compiled a list of the top 5 CA Foundation books that cover the entire syllabus in detail.

Top 5 CA Books for CA Foundation Exam 2024:

1. CA Foundation Scanner Cum Compiler Volume 1 & Volume 2

• Author: Manmeet Kaur/S.K Agrawal

• Publisher: Taxmann

• Description: An acclaimed resource covering Paper 1, Paper 2, Paper 3, and Paper 4, offering in-depth preparation for CA Foundation Exam 2024.

2. Quantitative Aptitude Mathematics with Short Tricks

• Author: CA Rajesh Jogani

• Publisher: (Not specified)

• Description: A top CA book focusing on foundational quantitative aptitude skills, providing essential shortcuts for scoring well in the exam.

3. Fundamentals of Accounting for CA Foundation

• Author: PC Tulsian/Bharat Tulsian

• Publisher: (Not specified)

• Description: A recommended book for establishing a strong grasp on fundamental accounting concepts crucial for both CA and Foundation exams.

4. Elements of Mercantile Law

• Author: N.D Kapoor

• Publisher: Sultan Chand and Sons

• Description: Regarded as one of the finest CA exam books, it not only aids in scoring well but also serves as an excellent revision tool for the entire syllabus.

5. CA Foundation Business Laws

• Authors: Dr. V.K Jain/CA Shashank S. Sharma

• Publisher: Taxmann

• Description: This book encompasses exam-relevant topics with detailed solutions presented in simple language, ensuring a comprehensive understanding of business laws.

CA Foundation 2024 Study Material:

Candidates are advised to continue their preparation with ICAI's official CA Foundation Exam study material. The most recent study material, including mock tests and previous year's papers, is available on the ICAI BoS Knowledge Portal, which provides a comprehensive approach to exam preparation.

CA Foundation Exam Preparation Tips 2024:

• Thoroughly Understand the Syllabus and Pattern: Examine the exam structure, types of topics, sections, and marking criteria outlined by officials.

• Create and Adhere to a Strict Timetable: Create a disciplined study schedule that includes time set aside for revision sessions leading up to the exam.

• Choose the Right Study Material: Choose CA Foundation exam books and learning materials that cover all potential exam topics thoroughly.

• Practice Previous Year's Question Papers: By practicing previous year's question papers, you can gain insights into exam trends and identify recurring topics, enhancing overall preparation.

• Take Regular Breaks: Take frequent breaks during your study sessions to refresh your mind. Stay motivated by doing things like walking or listening to music.

Conclusion:

In conclusion, iProledge emphasizes the importance of CA Exam Books in increasing candidates' chances of passing the CA Foundation Exam. A strategic and dedicated approach, combined with the appropriate study materials, is essential for succeeding in this highly competitive examination.

FAQs.

1. Why is it essential to choose the right CA Foundation books for exam preparation?

The selection of appropriate study materials is important for comprehensive coverage of the syllabus, understanding exam patterns, and improving chances of passing the CA Foundation Exam.

2. How can candidates access the official CA Foundation study material for 2023?

3. What makes "Quantitative Aptitude Mathematics with Short Tricks" a top CA book for the Foundation Exam?

4. Why is practicing previous year's question papers recommended for CA Foundation Exam preparation?

5. How do CA Foundation Business Laws book by Dr. V.K Jain/CA Shashank S. Sharma stand out for exam preparation?

6. What are the recommended CA Foundation preparation books?

7. How much time should I allocate for CA exam preparation?

8. Is a three-month preparation period sufficient for CA Foundation?

9. Can I successfully crack the CA Foundation Exam 2023 through self-study?

Procedure for ICAI Answer Book Verification

The Institute of Chartered Accountants of India (ICAI) has introduced an efficient process for candidates to request the verification of their answer sheets for the May 2023 exams, thereby unlocking a new dimension of transparency and fairness. This blog post will serve as your comprehensive guide to comprehending the ICAI Verification of Answer Books and smoothly navigating the application process.

Overview of the ICAI Answer Book Verification Process:

Regulation 39 (4) of the Chartered Accountants Regulations, 1988 governs the ICAI Verification of Answer Books. It is critical to note that this process focuses on specific aspects of the evaluation process, ensuring the integrity of the evaluation process without reevaluating the entire answer book.

Key Verification Aspects:

Compilation of Answer Books:

1. This ensures that all pages of the answer book are in the correct order and that none are missing.

2. It confirms that the candidate has correctly attached any additional sheets that are required.

3. During the verification process, any inconsistencies in the organization of the answer book are addressed.

Valuation of All Questions:

1. The verification process goes over each question's marking to ensure that it has been evaluated.

2. It checks for any unintentional mark omissions for specific questions.

3. The goal is to ensure that the evaluation of each question is thorough and accurate.

Consistency in Handwriting:

1. This aspect ensures that the handwriting is consistent throughout the answer book.

2. Examiners look for any sudden changes in handwriting that could indicate outside assistance.

3. It helps to preserve the integrity of the examination process.

Totalling Accuracy:

1. The aspect of totaling accuracy entails cross-checking the total marks awarded for each question.

2. It verifies that the marks assigned to individual questions are correctly added together to calculate the total marks.

Match Between Awarded and Indicated Marks:

1. This aspect ensures that the marks assigned to each question or part of a question correspond to the marks indicated on the cover page of the answer book.

2. It ensures that no errors or discrepancies exist between the examiner's assessment and the marks recorded on the cover page.

3. Discrepancies are identified and corrected so that the candidate's performance is accurately represented.

How to Apply for ICAI Verification - Step by Step:

1. Visit the official exam website: Link

2. Click on the designated link for the verification application.

3. Fill in necessary details, including exam type, registration number, and roll number.

4. Verify and submit the application.

5. Make payment securely through Debit/Credit card (Master/Visa/Maestro) as per the provided instructions.

ICAI Verification Deadlines:

• CA Final May 2023: July 6, 2023, to August 3, 2023.

• CA Intermediate May 2023: Apply by August 4, 2023.

• CA Foundation June 2023: Deadline in August 2023.

ICAI Offline Application Process:

1. Handwritten Application:

• The application must be handwritten and should include specific details.

• Use English if you appeared for exams in English medium; use Hindi if you appeared in Hindi medium.

Include the following details in the application:

• Student Name

• Student Registration Number

• Exam - Foundation/Intermediate/Final

• Month and year of the exam

• Roll Number

• Paper(s)/subjects to be verified

• Address for communication

Note: Do not include email IDs or contact numbers in the application. The application should be duly signed by the candidate.

2. Demand Draft:

• Prepare a demand draft in favor of "Secretary, The Institute of Chartered Accountants of India."

• The demand draft should be payable at New Delhi, which is the headquarters of ICAI.

• The verification fee for CA Final, CA Intermediate, CA Foundation, and post-qualification courses is Rs. 100/- per paper, subject to a maximum of Rs. 400/- for both groups.

• Ensure the correctness of the amount and details on the demand draft.

3. Sending by Speed Post:

Place the handwritten application and the demand draft in an envelope.

Send the application through speed post to the following address:

1. The Additional Secretary (Exams),

2. ICAI Bhawan,

3. Indraprastha Marg,

4. New Delhi 110002.

4. Communication:

1. For any further clarifications or assistance, candidates can contact edpexam@icai.in.

2. Provide details such as Examination, Name, Roll number, and Registration Number in the communication.

3. Contact at least two working days before the closing date of the offline application window.

Important Note:

1. There is no need to send the printout of the online verification application by post.

2. Follow the guidelines meticulously to ensure the smooth processing of your offline verification application.

3. It's recommended to retain a copy of your application and demand draft for your records.

By adhering to these steps, you can successfully submit your verification application offline and ensure that your request is processed accurately and efficiently by the Institute of Chartered Accountants of India (ICAI).

ICAI Verification Fee:

• Rs. 100/- per paper, capped at Rs. 400/- for both groups.

• Non-refundable.

Possible Outcomes:

• No change of marks.

• Increase or decrease impacting result/exemption.

• Increase or decrease with no impact on result/exemption.

Checking Results:

• Typically takes 45-60 days.

• Check results on the official ICAI website.

Important Note:

• Candidates are advised not to postpone applying for the next examination regardless of the outcome of the verification.

FAQs

What is the purpose of ICAI's verification of answer books process?

The primary goal of the verification process is to allow candidates who are dissatisfied with their exam results to ensure the accuracy of the evaluation without having to re-evaluate the entire answer book. It focuses on particular aspects such as compilation, valuation, handwriting consistency, and totaling accuracy.

Can candidates apply for verification for all levels of CA exams, including Foundation, Intermediate, and Final?

What are the key deadlines for applying for marks verification for the May 2023 exams?

What are the possible outcomes of the verification process, and how long does it take to receive the results?

Is there an offline application process available for candidates who cannot apply online for marks verification?

Best Books for CA Foundation Dec 2023 Exams: Strategic Study Plan

Are you preparing for the CA Foundation exams in December 2023? Choosing the appropriate study materials is critical to success. We've compiled a list of highly recommended books by qualified academics to help you with your preparation. These resources cover the complete CA Foundation syllabus and will help you understand essential topics. Let's look at the recommendations by subject and discover how to get free PDFs from the ICAI website.

Best Books for CA Foundation Dec 2023: Subject-Wise Recommendations

1.Paper 1: Principles and Practice of Accounting

• Recommended Book: CA Foundation Scanner Cum Compiler Volume 1

• Authors: CA Manmeet Kaur, S.K. Agrawal

2. Paper 2: Business Laws and Business Correspondence and Reporting

• Recommended Book: CA Foundation Scanner Cum Compiler Volume 1

• Authors: CA Manmeet Kaur, S.K. Agrawal
  

3. Paper 3: Business Mathematics, Logical Reasoning, and Statistics

• Recommended Book: CA Foundation Scanner Cum Compiler Volume 2

• Authors: Dr. S.K. Agrawal, CA Manmeet Kaur

4. Paper 4: Business Economics, Business and Commercial Knowledge

• Recommended Book: CA Foundation Scanner Cum Compiler Volume 2

• Authors: Dr. S.K. Agrawal, CA Manmeet Kaur

5. General Economics

• Authors: S.K. Agarwal

6. Fundamentals of Accounting for CA

• Authors: P.C Tulsian and Bharat Tulsian

7. CPT Grewals Accountancy

• Authors: M.P Gupta & B.M Aggarwal

8. S Chand Mercantile Laws

• Authors: P P S GOGNA

9. Mercantile Law

• Authors: M.C.Kuchhal and Vivek Kucchal

10. Quantitative Aptitude Mathematics With Short Tricks

• Authors: CA Rajesh Jogani

11. Quantitative Aptitude for CPT

• Authors: Tulsian P. C. and Jhujhunwala Bharat

12. General Economics

• Authors: PM Salwan & Pranjal B Deshpande

13. Quantitative Aptitude

• Authors: P.N Arora

14. Elements of Mercantile Law

• Authors:  N.D. Kapoor

15. CA Foundation Business Laws

• Authors: Dr V.K. Jain and CA Shashank S. Sharma

Make sure that you integrate these resources into your study plan, as well as the previously mentioned recommended books, for a comprehensive preparation strategy for the CA Foundation Dec 2023 tests.

Additional Subject-Wise Recommendations:

• Principles and Practice of Accounting

• Recommended Books: "Fundamentals of Accounting for CA – CPT" by P.C Tulsian and Bharat Tulsian, "CPT Grewals Accountancy" by M.P Gupta & B.M Aggarwal, "Fundamentals of Accounting" by D.G Sharma, "Padhuka Basics of Accounting for CA CPT" by G. Sekar & B Saravana Prasath

• Mercantile Law

• Recommended Books: "Mercantile Laws for CA CPT" by P C Tulsian, "S Chand Mercantile Laws for CA CPT" by P P S GOGNA, "Mercantile Law" by M.C.Kuchhal and Vivek Kucchal

• Quantitative Aptitude

• Recommended Books: "Quantitative Aptitude for CPT : Mathematics and Statistics" by Tulsian P.C. and Jhujhunwala Bharat, "Quantitative Aptitude – P. N. Arora," "Quantitative Aptitude Mathematics With Short Tricks" by CA Rajesh Jogani

• General Economics

• Recommended Books: "General Economics" by P.M. Salwan & Pranjal B. Deshpande, "General Economics" by S.K.Agarwal

How to Download CA Foundation Books for Dec 2023:

• Visit the official website, icai.org.

• Log in or sign up using your SRN/Mobile number and date of birth.

• Click on "Start Shopping" and choose "Order Now" for the "Student Course Kit."

• Select "Study Material Against Registration (New Course)" and choose "foundation" in the "Category" filter.

• Choose either "English" or "Hindi" and browse through the list of available books.

• Add the selected books to your cart and proceed to place an order.

CA Foundation December 2023 Passing Criteria:

Students must obtain at least 40% in each paper and a total of 50% across all subjects to complete the CA Foundation examinations. In addition, the new curriculum requires a minimum of 50% in each subject.

ICAI CA Foundation Exam Pattern 2023:

• Paper 1: Principles And Practice Of Accounting (100 Marks)

• Paper 2: Business Laws And Business Correspondence (60 Marks)

• Paper 3: Business Mathematics, Logical Reasoning, And Statistics (100 Marks)

• Paper 4: Business Economics And Business & Commercial Knowledge (100 Marks)

Prepare strategically using the best books, stick to the recommended study plan, and ace your CA Foundation examinations in December 2023!

FAQs

Q1: What is the passing criteria for the CA Foundation Dec 2023 exams

Candidates must achieve a minimum of 40% in each paper and a total of 50% across all subjects to pass the CA Foundation examinations. Furthermore, the new ICAI CA Course curriculum requires a minimum of 50% in each subject.

Q2: Can I access CA Foundation study materials for free in PDF format?

Q3: Are the recommended books the only resources needed for CA Foundation preparation?

Q4: How can I track my order after purchasing CA Foundation books online?

Q5: Is it necessary to purchase all the recommended books, or can I select specific ones based on my needs?