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Summary Therotical Framework

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Therotical Framework is a Chapter in Principles And Practice Of Accounting Subject in Chartered Accountant Course Foundation Level in India.

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ICAI Board of studies has taken this wonderful initiative to start this virtual coaching classes only for the
benefit of students. I am thankful to board of studies for giving me this such a wonderful opportunity for
conducting the sessions for paper one accounts. This initiative is free of cost and it 's my request to all of
you to attend it in live sessions only this is batch number six of foundation first we will start with
syllabus. I 'm giving you Assurance if you work hard from this November month you can easily get
success in the month of June so do n't worry guys we are going to start with these sessions. I am in this
field from last 12 years and I am also practicing chartered accountant or foreign. Aditi Raj: "Good
morning to all of you three notebooks already told you black pen exam paper you have to write it in
Black Pen only red Pen only it 's like highlighter do n't use red pen in exam but all important points I 'm
telling you once again only important points you must highlight by Red pen. Minimum two to three
times you have. to solve each and every question of study material study material is a best material
don't use any refer any other material.




You have to visit the board of studies uh our website yes you can see here I will tell you exactly so Board
of studies here this is our ICI app students boss knowledge portal now here you will uh record your
name all registration number all things okay so video lectures and all these we are offering to you study
material now study material. First chapter meaning and scope of accounting is a unit number one so in
this unit we are going to learn what is accounting exactly who are users of accounting what is the role of
Chartered accountant then I will tell you the questions first. First chapter will cover accounting Concepts
principles and conventions terminology. 400 Pages nothing is mandatory in this CA course it 's only for
your benefit it is self-motivated course is self discipline is required in this course how much time we
have to study daily minimum 10 to 12 hours. If you are from Science Background scratches is always
preferable because many students have 30 percent only Concepts they know only 30 Concepts is the
best thing.




Unit number one is nothing but it is meaning and scope of accounting let's start with understanding
process I will tell you examination questions afterwards so examination questions you got the idea to
two marks question for true or false short notes maybe ask for five marks or maybe for three to three to
four marks okay three to five months short notes and descriptive questions yes so let 's start with unit
number one. I want everyone to Define this definition yes definition is transaction transaction is
anything economic activity and performance of an act or agreement is called as transaction and result is
an event. Milkman asks Milkman to write down in the comment section. Rahul Patel says everyone has

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