Empire Academy

What are the important topics for CA foundation accounts? Syllabus for CA Foundation Paper 1: Principles and Practices of Accounting Theoretical Framework Accounting Process Bank Reconciliation Statement Inventories Concept and Accounting of Depreciation Accounting for Special Transactions Final Accounts of Sole Proprietors Partnership Accounts Financial Statements of Not-for-Profit Organisations Introduction to Company Accounts Basic Accounting Ratios (profitability, solvency, liquidity and turnover) Exam Pattern for CA Foundation CA Foundation exam consists of both objective and subjective-type questions that constitute a total of 400 marks. It includes four subjects/papers. Papers 1 and 2 primarily include subjective/descriptive type questions, and papers 3 and 4 have objective questions. For objective type papers, i.e. papers 3 and 4, there is a negative marking of one-fourth marks per wrong answer The exam is conducted offline (pen/pencil paper) The medium of the test is English o...

  How do I prepare for CA final audit (new course)? AUDIT is the most important subject in CA because this subject is the most widely used phenomena in real life of CA. We would like to share few tips with you. Case 1 -  Study at Home In that case you have to cover your study in 3 parts Studying entire syllabus thoroughly - For this you can prefer institute module if you want to do self study entirely & in case of coaching you can take Pen Drive Classes, These days a lot of teachers available in market providing qualitative material at very low cost as well as classes at home are easy to handle and flexible also. Revisions- After Completing Classes or self study you have to revise entire syllabus at least twice to get a good grip on syllabus Practice- For this you can join a Test Series cause it will help you to find out your mistakes and help you to improve Case 2-  Study At Institute In that case take care of following things Regularly revise the topics you learn at...

  What are the important topics for CA INTER AUDIT? Important Topics of Audit and assurance For IPCC Nov, 19 Exams 1.Start with company Audit I & II friends…. this both chapter cover around 30 marks. As this cover 30 marks so read each and every topic in it. 2.Special Audits – Club Audit, Educational Institution, Hotel, Cinema Hall, Advantages of audit of accounts of partnership firm. 3.Verification : Cash, Depreciation, Contingent liability, Subsequent Events ( SA 560 ) , Cut-off Procedures, Personal Exp. of Directors & Analytical Review ( SA 500 ). Do this chapter and vouching in last. Best book for doing this is Practice Manual. 4.Internal Control – Audit Risk, Audit Trail, EDP Auditing Approach n other related topic to EDP. 5.Preparation of Audit – Audit Techniques, Audit Programme, Audit Sampling ( SA 530 ), Continuous Audit, Letter of Engagement, Management Representation. 6.Chapter 1 & 2 – Audit Evidence & Methods of obtaining it, Compliance & Substantive...

  What study pattern a CA INTER student should follow? As per new pattern of CA Course there are 8 subjects in CA Intermediate which are as follows: Paper 1 - Accounting Paper 2 - Corporate Laws and other Laws Paper 3 - Cost and Management Accounting Paper 4 - Taxation ( Direct and Indirect Tax) Paper 5 - Advanced Accounting Paper 6 - Auditing and Assurance Paper 7 - Enterprise Information System and Strategic Management Paper 8 - Financial Management and Economics for Finance Firstly you have to decide whether you are going to attempt both groups or each group individually. If you planned for both groups then firstly complete your classes for first group and then complete your classes for second group and plan in that way that your classes will complete in scheduled time so that you get enough time for self study and if you are going to attempt to single group then complete classes for all subjects of that group. Following is the study pattern for each subject Accounting and Advan...

  CA is a course pursued by most of the average students. The best hard work and calm mind wins in it. Is it True? CA is a course pursued by most of the average students? This above statement is not correct as CA Course is pursued by average as well Intelligent students. But most of the CA student are those who secured more than 80% in their +2 class. But once you opt to pursue CA then your percentage in class +2 has nothing to do with it. There are many students who secured above 90% but still not able to clear CA in many attempts, but on the other hand there are lot of students who are average secured 70% -80% in class+2 but cleared there CA in first attempt . So there is nothing like you are average or intelligent student while entering CA because what you have learned till your class +2 is just for the purpose of the exams. But in CA course you have to face the real world. You have to be dedicated, Self disciplined and adaptive to new changes. So it is not true that CA cou...

  Which is the most touching short poem ever? This poem, written by an African child nominated for the Best Poem of 2005. The title of poem is “ Colour ” Colour When I born, I black; When I grow up I black;When I go in sun I black; When I scared, I black;When I sick, I black; And when I die, I still black; And U White fellows; When U born, U pink; When U grow up, U white; When U go in sun, U red; When U cold , U blue; When U scared, U yellow; When U sick, U green; When U die, U grey; And U call me coloured Regards Empires Academy Call/Whats App: +91 78145–28240, 83071–00512

  How can you study due to lock down? Everyday you woke up and want to do study and utilize the time in productive manner. But having end up thinking all the day for not being able to study. This happens usually with everyone unless he passionately want something in his life. Once you found a goal for life then you work the whole day but still find yourself energetic and want to do more and more. Thus all us want to do something great in life but don’t know how to do it. Every successful person had passion for a particular thing or goal and they worked for it day and night. When we think about them, we also want something in our life which gave a meaning to our life. But the question here is how we find the passion of our life. Answer is NEVER EVER GIVE UP. Though the answer is short but it is the best attitude you can adopt towards the life. Maybe today is not a good day but never give up because another day may bring a new chapter to your life. Many people who are successful had ...

  How can I make myself better each day? To improve and make yourself better each day, all you have to do better each day by pushing your boundaries and getting out of your comfort zone.These things will improve and make yourself better each day if you follow it consistently Stop Overthinking - As mostly people waste their lots of time in just thinking all the day and doing nothing. Stop it by giving the time to your thoughts and talk to yourself that what kinds of thoughts are productive thus start eliminating negative thoughts from your mind. Trust me it will definitely help you. Start Reading and Writing - This is the best thing to improve. Start reading books of your interest at least 1 hour and start writing journal and about your plans. By the day end you will able to evaluate yourself and your thoughts will become more constructive and positive. Get out of your Comfort Zone - The biggest problem for our laziness and procrastination is that we never want to get out of comf...

  Why is it said that pursuing CA means an end to your social life? Is it so really? Yes it is really true. Once you start your classes for CA inter you always find yourself whole day in the classes. You day starts with classes from 6:00 am sharp till the evening upto 8:30 pm. And after clearing CA Inter, articleship really sucks. You find yourself stuck in between classes and office and end up your day very frustrated. It is true sometimes you will have to spend late nights and you will be scolded for no reason or others mistake. Your social life is totally ruined. When you see the photos of your friends on social media you will curse yourself for choosing CA. Your principal will never gives you leave for any family fuction very easily or either he gives you one or two day off. After all that if you are going to attend any gatherings everyone see you as a brillant student but from inside we know how life is going. But trust me once this time is over. You will be a mentally strong ...

  What are the advantage. and disadvantage. of working in small size CA firms for article ship if I want to work in big four co. after doing CA? There are various advantages as well as disadvantages of working in small sized CA Firms. Advantages :- You get an opportunity to work in various fields such as Taxation, Statutory Audit, Bank audit, GST, Income Tax Returns etc. As there is less no. of articles in small firm then you have direct link with your Principal. As there is less work pressure, so there are less working hours which means you have enough time for studies. You get the opportunity to handle the work from start to end. Disadvantages :- Though you get opportunity to work for various fields still you had only limited working knowledge of that particular field but on other hand in BIG 4’s you get to work in particular field but at the end of the training you will be master at this field having in depth knowledge of your work. You will not get to handle more pres...

  What are good ways to motivate self-study? My Top 6 sceneretic tips on how to keep going in study with your own interest: Find your internal study motivation: No one is there who motivates you first although they motivates you second…There is only you who will push you more.. Tips to find intrinsic motivation: After 1 hour study.. You have to sit and think about WHAT IF? How lucky I am! if I will do study today? Dreams come true! if I will do this today? Believe me…! It really puts everything into perspective. 2. Set your goals: You have to set your goals which motivates you to do study.. Set your vision point where you to go…Which you want to achieve…!. 3. Reward yourself (pre or post study) Find the ways to keep your morale up.. I often find the ways like coffee, movie,any new song (I love music), any guitar lover play song, any kind of food. It really works. I do it in today's also. 4.Change the room setup: I often change my location but within the room, you may set the locati...

  How did you motivate yourself during your CA study leave when you have bad days and your study plan doesn't work out? Take a pause for a moment and just stop all your negative thoughts in your mind. And think and think deeply that what is the thing that you want the most. Ask yourself these questions Will this time ever come again if it is lost? If just thinking all the day and not doing anything gives you desired results? Then you will definitely get the answer from you mind. All these days which you are thinking as bad days is the opportunity that will never come again. If the plan you made doesn't work then it is upto you how you will make this plan working. Nobody will motivate you for longer time, it is the fire inside you that will motivate you everyday for your goal. If you don't feel the fire inside you then you need to find a reason that why you want that thing it will work as a fuel to the fire. You know that if this time goes then you will regret it later very ...

  How do you improve soft skills for a CA profession? Soft skills are now days very important for every person to learn irrespective of whether you are doing job, business or any else kind of work. As in today dynamic environment every should possess these soft skills for growth and prosperity. But what mostly CA faced problem is that they lack soft skills thus becomes a big barrier in their success. So these are some ways to improve your soft skills but only useful if you implement them in your daily life. Self Talk - No one knows you better than you. Yes, You… Either in the morning or at evening talk to yourself about the day what you are going to do or what is happened. By this way you can boost your confidence and know yourself more. Improve English - If you are going for corporate world then first thing they notice is your communication and fluency in English. So try to read books, novels, newspaper and watch English films/series. Trust me this will help you very much and mo...

What are the pros and cons of pen drive lectures for CA students?   Pros of pen drive lectures for CA students- pen drive classes is easy for students. Where the whole world is moving towards technology, we are simply following the trend. Of course, the pen drive lectures has its own advantages and is gaining importance day by day, but it also has certain disadvantages. However, the main motive of pen drive classes is spreading education and knowledge all across the world, but we students, while moving towards our comfort zone has forgot the underlying motive of online lectures. Firstly we spend lot of money in attending classes but on the other hand pen drive classes are way cheaper than live/satellite classes and we can also cut the cost by sharing among two friends. It is difficult in article ship to mange time due to office timing thus pen drive classes are more convenient as it saves your travelling time and can be attended on free time such as Sundays. It has two views so i...