by The CA exam, conducted by ICAI, is one of the most prestigious professional exams that opens up endless job possibilities for a qualified CA. The first step of becoming a CA is clearing the CA Foundation exam. ICAI conducts the CA Foundation examination twice a year, during May and November. Students wanting to pursue CA after their 12th exam can enrol for the CA Foundation exams and then attempt the exam.
The exam has four subjects. There are a few subjects that the commerce students might be familiar with and other subjects can be new to them. Also, there are a few concepts that they might not be aware of. Clearing the foundation level needs a strategic approach and it is possible that you may not be able to clear the exam in the first attempt. So, what is next? What steps must you take so that you can clear the exams in the next attempt? The first step is enrolling in the Best CA foundation coaching in India. Coaching is of utmost importance and with the best coaching you improve your chances of clearing the ICAI Foundation exam.
Failing is not a problem but entirely giving up is the problem. So let’s understand what’s next.
Steps To Take After You Fail The CA Foundation Exam
After getting your results, seeing that you were not able to clear the exams can be disheartening. But, don’t worry. Failure is a part of life and accepting failure and taking steps to perform better is the first step you must take. Develop a positive attitude and understand that you have attempts left. Consider these things:
1. Be Positive while preparing for CA Foundation Exam
CA exams are tough and the competition is also increasing. Hence, the chances of clearing the exams in a single attempt are not possible. CA exams are completely different from your school-level or college-level exams. It demands a proper study strategy and a deep understanding of all the concepts and topics. So, you must understand all these things.
Instead, start analyzing what went wrong. It can be a lack of preparation, not having good coaching, ignoring ICAI materials, not knowing the right way to answer, or skipping mock tests. List down your mistakes and then avoid these mistakes when preparing for your next attempt.
2. Prepare For The Next Attempt
If you have appeared for the November attempt, then you have the next attempt in May. So you can prepare well for the next attempt and appear for the exams.
As per the old scheme, your CA Foundation registration is valid for three years and you have six attempts. Hence, you can sit for the exams until you clear the exam. The old scheme allowed for revalidating your registration against a fee.
However, as per the CA New Scheme, your registration is only valid for 4 years and you cannot revalidate it further. Hence, you have only eight attempts to clear the exam.
3. Join Proper Coaching
If you haven’t joined proper coaching yet, then you should consider joining. There are new concepts in the CA Foundation exam and a few new subjects that can be challenging for new students to learn and understand. With proper CA coaching, you can easily learn these concepts, have a structured learning environment, and also sit for mock tests which is very important.
4. Refer to ICAI Study Materials in CA Foundation Exam
When thinking about how to prepare for CA Foundation, the most important thing is joining proper CA coaching. During Best CA foundation coaching in India preparation, many students make the mistake of ignoring the ICAI study materials. However, these study materials are of great importance. ICAI includes RTPs, MTPs, Previous Year Questions, toppers answers, and more. Hence, do not go for other reference books and complete the ICAI materials thoroughly.
5. Prepare With Mock Tests
Mock Tests play a crucial role when preparing for the CA Foundation exam. Your CA Foundation study plan must include mock tests. With mock tests, you improve your chances of scoring well since you get familiar with the exam pattern. Also, you learn good time management and you can understand your preparation level. Hence, make mock tests a part of your exam preparation.
Conclusion
Concluding, understand that failing the CA Foundation exam doesn’t mean you won’t be able to clear the exams again. The exams need your hard work, dedication, commitment, and of course a disciplined approach towards your studies. Even if you fail one paper, you have to attempt all four together again to clear the CA Foundation exam. It would help if you scored 40% marks in each subject and an aggregate mark total of 50% or above.
