This paper, i.e., Principles and practice of accounting (also referred to as fundamentals of accounting or accounts) in CA Foundation give a basic framework or set of rules followed in accounting. Globally accepted accounting principles are given at one place in a basic form. The very name of the CA course includes Accountant in it. This signifies the requirement of knowledge of accounting from the 1st level itself. This is because this is one of the core subjects and key areas of practice for a CA. At the CA foundation level, you will need to know the basics of accounts with conceptual clarity, along with developing problem-solving skills.  

The latest in learning theory shows that students learn best if the concepts are presented in a variety of different ways especially graphically. As such, LearnCab CA Foundation Online Classes provides a graphical representation of concepts, along with CA Foundation HD quality video lectures. Questions similar to those in the CA Foundation exam are solved in detail and answered in a way that is expected of you in the CA foundation exam. The illustrative notes that accompany each lecture are made available in a complete package to enable you to crack this tough paper.

We have one of the most experienced faculty- CA Malaya Kumar Panda who will be tutoring this subject. He has over 18 years of teaching experience in the field of Accounting. He is currently in practice as a partner in a firm named Raj, Malaya and Associates. He owns a coaching Institute named Nucleus Academy, and is associated with various ICAI Chapters in Bangalore, Chennai, Cochin and Trivandrum and other esteemed institutions.

This paper, Business Laws & Business Correspondence, is split into two parts. The first part deals with Business Laws while the second part deals with Business Correspondence.

Laws are a set of rules, regulations, principles, guidelines & theories governing activity and Business Laws are those laws which govern trade, profession or business. So basically, Business Law governs Trade & Commerce. It is also known as Mercantile Law. One of the oldest legislations of Mercantile Law was the Indian Contract Act which was enacted in the year 1872.

As a qualified CA, while advising your clients or the management of your company, you are expected to be well equipped with all the applicable legal framework which influences their business decisions.

At CA Foundation level, students are expected to have basic and elementary knowledge on various Statutory enactments relating to Indian Business. LearnCab helps you to understand these CA Foundation laws with ease as concepts are simplified with the use of appropriate charts and examples that are delivered through chapter wise CA Foundation video lectures using cutting edge technology. The CA Foundation lectures are supplemented with illustrated notes and interactive quizzes to enable you to self-evaluate on concepts of Business Law.

The other part of this paper is Business Correspondence and Reporting. Business Correspondence is imperative for all professionals. Clear communication is one of the most sought-after skills by the industry/employers. CA Foundation students are expected to enhance their writing skills effectively with clarity and precision. As a CA aspirant, the CA Foundation student must acquaint himself with the basics of various laws in the country and the skills of effective communication which is of utmost importance.

CS Shruthi Prakash and Prof. Shwetha NA are our esteemed faculty who handle PART-A and PART-B of this subject respectively.

Ms. Shruthi has 4+ years’ experience as a Professor at Christ (Deemed to be University), Bangalore. She is also a visiting faculty at various esteemed Institutions/Colleges.  A Company Secretary by Profession, she holds a Masters’ Degree in Business Laws from National Law School of India University, Bangalore.

Ms. Shwetha has 3+ years of experience in teaching. She is also a Student Counsellor. She has completed MBA in Human Resource Management from Sikkim Manipal University, and has 2+ years’ corporate experience as an H R Executive.

As a qualified CA you are excepted to have exceptional analytical skills. That is why ICAI has introduced this paper, Business Mathematics and Logical Reasoning & Statistics.  Not only that, at every stage of your Professional Career, you will need to acquire quantitative and analytical expertise. That is why, it is imperative that you develop them at the outset – from the Foundation level on.

Now, students generally have a phobia of learning mathematics and statistics. This is perhaps because their exposure to the concepts had been done in a dull, boring manner. That is why, we at LearnCab teach you CA Foundation these concepts in a fun-filled engaging way with the help of graphical presentations and animation. We also work out problems and quizzes that are similar to those that will appear in the examination. This way, we ensure that you will enjoy learning the subject and understand the concepts needed not only to clear the exam but also to become a successful CA.

Prof. Supritha Marla, a Mathematics enthusiast tutors this subject at LearnCab. She has 10+ years’ experience in teaching Mathematics and Science. She is B.Sc. graduate in Mathematics & Computer Programming from Mumbai University along with an MBA in Human Resource Management. 

Nowadays a CA must move beyond the traditional role of an accountant or auditor to act as a business advisor. That is why ICAI has introduced this paper Business Economics & Business and Commercial Knowledge. A CA needs to understand business requirements, and issues that affect individuals both as a consumer or as a producer. That is why, as a CA Foundation student, you should understand the basics of Economics such as real-time issues of Demand, Supply, Production, Cost, and Laws, etc.

Business and Commercial Knowledge is Part-B of this paper. As a CA, you should be well versed with the knowledge related to the Business and Commercial world. This will help you understand the bigger picture under which the economy is operating.

However, as a CA Foundation student, you might be hard-pressed to find resources that will educate you on these concepts in a thorough and easy to understand way. For this reason, LearnCab offers you CA Foundation Paper 4 i.e  Business Economics & Business and Commercial Knowledge video lectures filled with graphical representations and animations, as well as access to  notes, and worked out examples from past examinations. In this way, the idea is that you will gain a solid understanding of core ideas in this field. This will help you to not only pass the exam but also in your career as a professional.

Eminent faculty like CA Bhavya Parvathi and CS Akshata Rao handle Part A and Part B of this subject respectively.

Ms. Bhavya has 7+ years hands-on experience in teaching at the Institute of Company Secretaries of India, Bangalore and other esteemed Institutes and Academies. She is a practicing Chartered Accountant and presently a partner at VSPV & Co, Chartered Accountants, Bangalore. She is also a member of ICSI and ICMAI.

CS Akshata is a faculty at the Institute of Company Secretaries of India, Bangalore and other Professional Academies. She is a Company Secretary by Profession. A post-graduate from St. Joseph’s College of Commerce, Bangalore, she has 2+ years of industry experience in Secretarial and Compliance Matters.

CA Foundation Virtual Classes on LearnCab are different from any other platform.

Instead of just bombarding the students with video monologues, LearnCab has designed a structured learning program for CA Foundation students after a lot of R & D.

LearnCab works on a sequential playlist system, where each topic is explained in a short video. This video is followed by notes for that particular topic and then a quiz to assess the students' grasp on the video just played.

This way, the student gets a good grasp of the topic in the first view itself and eliminates the need for multiple revisions.

This is the most effective way to study.

Out of the 4 papers, 2 are of the subjective type whereas the other 2 are objective in nature.

Paper 1: Principles And Practice Of Accounting (Subjective)

Paper 2: Business Laws & Business correspondence Reporting (Subjective)

Paper 3: Business Mathematics And Logical Reasoning And Statistics (Objective)

Paper 4: Business Economics and Business and Commercial Knowledge (Objective) 

The Marks for each Paper are as follows:

Paper 1: Principles and Practices of Accounting (100 Marks)

Paper 2: Business Law & Business Correspondence and Reporting (100 Marks)
Section A: Business Law (60 Marks)
Section B: Business Correspondence and Reporting (40 Marks)

Paper 3*: Business Mathematics and Logical Reasoning &Statistics (100 Marks)
Part I: Business Mathematics and Logical Reasoning (60 Marks)
Part II: Statistics (40 Marks) 

Paper 4*: Business Economics & Business and Commercial Knowledge (100 Marks) Part I: Business Economics (60 Marks) Part II: Business and Commercial Knowledge (40 Marks)