CA Foundation Accounting study plan

Explain and apply the accounting equation and double-entry rules to record at least 30 mixed transactions in journal form

Distinguish capital versus revenue expenditure and classify items into the correct account head with written justification

Prepare a trial balance from a given set of ledger balances and identify and correct four types of errors using a suspense account

State the qualitative characteristics, fundamental accounting assumptions and measurement bases under the conceptual framework and apply them to two short scenarios

Prepare bank reconciliation statements from cash book and pass book extracts, including timing differences and errors

Compute depreciation under straight-line and reducing-balance methods and record disposal of an asset with profit or loss on sale

Maintain a petty cash book under the imprest system and reconcile it to the main cash book

Adjust inventory valuation for goods in transit, goods on sale-or-return and abnormal loss

Summarise the recognition, measurement and disclosure requirements of AS 1, AS 2, AS 9 and AS 10 in a comparison table

Apply AS 10 to classify subsequent expenditure as capital or revenue and compute the carrying amount after revaluation

Apply AS 9 to decide the point of revenue recognition in three contract scenarios and justify each with the standard's criteria

Identify and correct common departures from AS 2 in cost-formula selection and net realisable value write-downs

Apply AS 4 and AS 5 to classify events after the reporting period and to disclose prior period items and changes in estimates

Distinguish provisions, contingent liabilities and contingent assets under AS 29 and quantify a provision using best estimate and expected-value methods

Reattempt all Domain 1 weak areas identified in weeks 1-2 and log each error with its root cause

Solve 40 mixed multiple-choice questions across Domains 1 and 2 under timed conditions

Prepare a manufacturing or trading account, profit and loss account and balance sheet from an adjusted trial balance within 60 minutes

Construct closing and adjustment entries for outstanding expenses, prepaid expenses, accrued income, income received in advance and bad debts with provision for doubtful debts

Adjust for closing inventory, drawings in goods and goods distributed as free samples and show their effect on the financial statements

Reconcile net profit under the statement of profit and loss with the balance sheet total using a working-notes schedule

Prepare departmental accounts, allocating expenses on an appropriate basis and eliminating unrealised inter-departmental profit

Prepare an income and expenditure account and balance sheet for a not-for-profit entity, treating subscriptions in arrears and advance and donations correctly

Convert a single-entry record set into a double-entry summary using a statement of affairs and total debtors and creditors accounts

Draft the disclosure notes required for a company's statement of profit and loss, including depreciation, inventory and provisions

Prepare a partnership profit and loss appropriation account covering interest on capital, interest on drawings, salary and profit-sharing ratios

Account for admission, retirement and death of a partner including goodwill valuation and adjustment through capital accounts

Revalue assets and liabilities on reconstitution and record the revaluation gain or loss in old partners' capital accounts

Distinguish dissolution under the Indian Partnership Act from insolvency of a partner and apply the Garner versus Murray rule to distribute a deficiency

Prepare a consolidated summary of all four domains into a one-page formula and rule sheet from memory

Complete two full-length timed practice papers and score at least 60 percent on each

Review every error from both papers and re-solve the underlying question type without notes

State the treatment of at least ten frequently confused items, such as goodwill, deferred revenue expenditure and prior period items, in a single revision list