Accountancy is a systematic procedure of recognising, documenting, calculating, categorising, substantiating, summarising, elucidating and liaising financial data. It divulges profit or loss for a given period of time and nature and value of a firm’s assets, liabilities and owner’s’ equity. Accountancy or Accounting is a structure that is meant for measuring trade pursuits, actioning of data into reports and making the findings obtainable to the decision-makers. The documents, which collaborate these findings of the procurement of an establishment in monetary terms, are called financial statements. Accounting is elucidated as a ‘Business Language’. Accounting assists the establishment to be able to fix the financial position of the business. With all accounting pursuits, the ultimate report furnished assists the management to be aware of the business position, so they can be able to know which direction they are heading towards. Accountancy helps in taking significant economic decisions by scrutinising the past performance. A certificate or diploma in Accounting and Finance helps the students learn such skills that are helpful in different industries.

Economics is a subject that focuses majorly on the capabilities of individuals being consumers and producers in the market and deals in finding solutions to their problems. It includes topics like basic problems of the economy and the market like price mechanism, the theory of demand and supply, production and cost, and business cycles. ICAI has introduced Business Economics in CA Foundation Course with the objective of giving an added advantage to Chartered Accountants, who are more than accountants or editors in the business fraternity. Company Assistant also provides Business Solutions, and the study of the market economy helps them in providing better solutions. According to the CA Foundation Timetable of June 2022 exams, the CA Foundation economics paper will be held on June 30, 2022. There are 2 parts of the CA Foundation Paper 4. The first one is Business Economics and the other one is Business Commercial Knowledge (BCK).

Maths is a fundamental subject for students either applying via commerce stream or science stream. After studying the syllabus of Maths you will get to know the basic formulas of maths and stats. This will help you to analyse micro and macro factors of business economics.

CA Foundation is the first time when a CA student is introduced to the world of Law. CA Exam is very different from college or Board exams. It requires professional and well-planned approach to enable the student to clear the examination in the first attempt.