CA Foundation Old and New Course

Old course of CA Foundation

The Foundation Course is the entry-level program for the Chartered Accountancy Course. Here are the key points regarding the CA Foundation Course:

Eligibility for Registration:

1. Students who have passed the Class X examination conducted by an examining body recognized by law in India or an examination acknowledged by the Central Government as equivalent can register for the Foundation Course.
2. Students can appear for the Foundation Examination after completing the senior secondary (10+2) examination conducted by a recognized examining body in India or an examination recognized by the Central Government as equivalent.
3. Registered students must complete a minimum of 4 months of study from the date of registration to be eligible for the Foundation Examination. For example, students registered on or before July 1st or January 1st will be eligible to appear in the May or November examination, respectively.

Exemptions:

• Graduates/Post Graduates who meet the prescribed percentage of marks or equivalent grade in examinations conducted by recognized universities (including Open University), or Intermediate level examination passed students of The Institute of Cost Accountants of India or The Institute of Company Secretaries of India are exempted from passing the Foundation Course. Such students can directly register for the Intermediate Course.

Foundation Course Structure:

• The Foundation Course consists of four papers, with two being subjective and two being objective type papers.
• Negative marking is applicable to objective papers.

Examination Schedule:

• Foundation Examinations are conducted twice a year, in May and November.
• Notifications and announcements regarding the conduct of the Foundation Examination are published on the Institute’s website and in newspapers.
• After registering for the Foundation Course, students must also fill a separate application form to appear in the Foundation Examination.

Registration Validity:

• Foundation Course registration is valid for 3 years and can be revalidated multiple times for an additional 3-year period by paying the revalidation fee set by the Council.

Subjects Covered in Foundation Course:

1. Paper-1: Principles and Practice of Accounting (100 Marks)
2. Paper-2: Business Law & Business Correspondence and Reporting (100 Marks)
   • Section A: Business Law (60 Marks)
   • Section B: Business Correspondence and Reporting (40 Marks)
3. Paper-3: Business Mathematics and Logical Reasoning & Statistics (100 Marks)
   • Part I: Business Mathematics and Logical Reasoning (60 Marks)
   • Part II: Statistics (40 Marks)
4. Paper-4: Business Economics & Business and Commercial Knowledge (100 Marks)
   • Part I: Business Economics (60 Marks)
   • Part II: Business and Commercial Knowledge (40 Marks)
5. Paper-3 and Paper-4 are objective type papers with negative marking.

Passing Criteria:

• To pass the Foundation Examination, a candidate must obtain a minimum of 40% marks in each paper and a minimum of 50% marks in aggregate of all papers, subject to the principle of negative marking.

The Foundation Course is the initial step in the journey to becoming a Chartered Accountant and is designed to provide candidates with a strong foundation in the required subjects.

New Course of CA Foundation

The Institute of Chartered Accountants of India (ICAI) has released new course study material for CA Final, CA Inter, and CA Foundation, applicable from the May 2024 attempt onwards. This study material is a fundamental resource for CA aspirants and plays a crucial role in their exam preparation. Here is a breakdown of the key information related to the ICAI New Course Study Material:

1. Availability of New Course Material:

The new course study material has been made available by ICAI for CA aspirants to download. It serves as the cornerstone of exam preparation for the CA Course.

2. Importance of ICAI Study Material:

The ICAI study material is highly significant as it forms the basis for a vast majority (95-97%) of the questions and text found in reference books. It provides comprehensive coverage of the critical sub-topics issued by the ICAI Board of Studies (BOS).

3. Ordering New Material:

Students also have the option to order the new ICAI study material from the official ICAI website, ensuring they receive the latest and official course content.

4. Free Download:

Key Details:

• Organization: Institute of Chartered Accountants of India (ICAI)
• Release Date: July 1, 2023
• Applicable From: May 2024 Attempt Onwards
• Releasing Authority: Board of Studies, ICAI
• Exams Covered: CA Foundation, CA Intermediate, and CA Final
• Exam Pattern: Subject + Objective
• Number of Exams:
  • CA Foundation: 4 exams
  • CA Intermediate: 6 exams
  • CA Final: 6 exams

For Books/Study Material : VISIT HERE

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