Which ca foundation classes are best?

1. ECP (Excellent Commerce Point) 2. Aldine CA 3. Swapnil Patni Classes 4. Nahata Professional Academy 5. JK Shah Classes. 6. V'Smart Academy. 7. Takshila Learning.

Is CA a difficult Course?

Yes, CA is a difficult course to clear. The CA syllabus is vast and includes various complex topics that students find hard to study.

What is the eligibility for CA?

Candidates must have to complete their 10th and 10+2 from any recognized Board with a minimum aggregate 50% marks in any stream preferably Commerce. Furthermore, there is no age restriction to apply for the CA foundation course.

How many years is required to become a CA?

To become a CA, candidates require at least 5 years if they clear all the exams on the first attempt. If not, then each extra attempt will increase the CA Course duration by 6 more months.

Does ICAI provides free classes for CA Foundation?

You can attend Free ICAI virtual coaching classes at Live.ICAI.org/bos/vcc/. The classes can also be viewed on the official ICAI YouTube channel.

How many months are required to prepare for CA Foundation?

You get a minimum of four months of study period after registration for the CA Foundation. To appear in the CA Foundation examinations, one has to pass 10+2 examinations. To pass the entrance test of the CA course, you must know all information regarding CA exams and have to be fully dedicated to your studies.

Last Registration Date And Exam Pattern : CA Foun, Inter & Final

Last Registration Date And Exam Pattern : CA Foundation, Inter & Final

The ICAI (Institute of Chartered Accountants of India) has introduced Last Registration Date And Exam Pattern (New) for CA Final, CA Intermediate, and CA Foundation exams starting from May 2024. This new pattern brings significant changes to the CA exams:

Reduced Number of Exams: The new pattern reduces the number of exams from 8 to 6 for both CA Intermediate and CA Final levels. This means that some papers have been merged or eliminated.
Introduction of MCQs: Multiple-choice questions (MCQs) will be introduced across all subjects in CA Intermediate and CA Final exams. This aims to assess students’ conceptual understanding and analytical skills.

These changes represent a significant shift in the CA exam format, focusing on a more comprehensive evaluation of candidates’ knowledge and skills. Candidates preparing for these exams should familiarize themselves with the new pattern and adjust their study strategies accordingly.

Last Registration Date And Exam Pattern : CA Exam Overview

CA Exam Overview
CA Levels	CA Foundation, CA Inter, and CA Final
CA Eligibility	CA Foundation: 50% in class 12 CA Inter: Clear Foundation or graduation with 50% CA Final: Clear Foundation and Inter with work experience
CA Admission Process	Entrance exam
Course Type	Certificate
CA Registration Fees	Foundation: INR 9800 Inter: INR 18,000 Final: INR 22,000

ICAI New Exam Pattern for May 2024 : Last Registration Date And Exam Dates

Important Dates	Events
30th June 2023	Last date for Registration in Intermediate and Final Courses under Existing Scheme
30th June 2023	Last date of commencement of three years of Practical Training
1st July 2023	Last date for Registration in Foundation under Existing Scheme
1st July 2023	Date of commencement of Registration and Conversion in Intermediate and Final Courses under the New Scheme
1st July 2023	Date of commencement of two years of uninterrupted Practical Training
2nd August 2023	Date of commencement of Registration and Conversion in Foundation Course under New Scheme
November 2023	Last Intermediate and Final Examination under Existing Scheme
December 2023	Last Foundation Examination under Existing Scheme
May 2024	First Intermediate and Final Examination under New Scheme
June 2024	First Foundation Examination under New Scheme

Significant Changes in ICAI New Exam Pattern for May 2024

The comprehensive overhaul of the CA exam pattern and curriculum by ICAI represents a significant shift in the Chartered Accountancy course. These changes have been introduced to align the CA education and examination system with the evolving needs of the industry and global standards. Here are some key highlights of the changes:

Reduction in Exam Papers: The reduction in the number of exams from 8 to 6 for CA Intermediate and CA Final levels aims to streamline the examination process and make it more focused.
Incorporation of MCQs: The inclusion of multiple-choice questions (MCQs) in all CA Intermediate and CA Final subjects introduces a new dimension to the examination pattern, emphasizing conceptual understanding.
Shortened Articleship Period: Reducing the CA Articleship period from three years to two years is intended to make students more job-ready and decrease the overall course duration.
Negative Marking: The introduction of negative marking of 25% in CA Final and CA Intermediate New Course subjects emphasizes accuracy and discourages random guessing.

Foundation New Exam Pattern for May 2024

	CA Foundation	Marks
Paper 1	Accounting	100 Marks
Paper 2	Business Laws	100 Marks
Paper 3	Quantitative Aptitude, Business Mathematics, Logical reasoning and Statistics	100 Marks
Paper 4	Business Economics	100 Marks

Inter New Exam Pattern for May 2024

	CA Intermediate	Subjective	Objective
Paper 1	Advanced Accounting	70 Marks	30 Marks
Paper 2	Corporate Laws	70 Marks	30 Marks
Paper 3	Cost and Management Accounting	70 Marks	30 Marks
Paper 4	Taxation	70 Marks	30 Marks
Paper 5	Auditing and Code of Ethics	70 Marks	30 Marks
Paper 6	Financial Management and Strategic Management	70 Marks	30 Marks

Final New Exam Pattern for May 2024

	CA Final	Marks
	First Group Papers
Paper 1	Financial Reporting	100 Marks
Paper 2	Advanced Financial Management	100 Marks
Paper 3	Advanced Auditing & Professional Ethics	100 Marks
	Second Group Papers
Paper 4	Direct Tax Laws and International Taxation	100 Marks
Paper 5	Indirect Tax Laws	100 Marks
Paper 6	Integrated Business Solutions (Multi-disciplinary case study with Strategic Management)	100 Marks

CA Final, Intermediate, & Foundation Students of Existing Scheme

The ICAI’s new exam pattern and revised passing criteria for CA Foundation, Intermediate, and Final exams, effective from May 2024 onwards, represent a significant shift in the evaluation process. Here’s a summary of the key changes:

Passing Criteria:

To pass a paper, a student must score a minimum of 50 marks.
If a student scores 60 or more marks in a paper, that paper will be treated as permanently passed.
To qualify for the next level (Intermediate or Final), students must pass both groups.
For CA Foundation, students must score a minimum of 50% in aggregate and a minimum of 40% in each paper.

Exemption Criteria:

Papers in which a student scores 60 marks or more will be treated as permanently passed papers.
Students must score a minimum of 50% individually in the remaining papers to avail exemptions.
There is an option to surrender the exemption granted.

These changes are aimed at providing a more flexible and balanced evaluation system for CA students. Candidates should carefully review the new criteria and plan their exam preparations accordingly.

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Frequently Asked Questions (FAQs)

Q1. Is the new CA exam pattern applicable from May 2024?

Ans. Yes, the new CA exam pattern will be applicable from May 2024. The CA Foundation exam under the new scheme will begin from June 2024.

Q2. What changes have been announced by ICAI for May 2024?

Ans. ICAI has announced adjustments to all levels of the CA course, including changes to the training process and the merging/reduction of certain subjects.

Q3. Who is eligible to appear for CA Final May 2024?

Ans. Candidates who have successfully cleared both groups of CA Intermediate exams are eligible to apply for the CA Final May 2024 exam.

Q4. When can I register for CA Foundation 2024?

Ans. CA Foundation registration for the new scheme of education will begin on August 2, 2023. The first Foundation exam under the new scheme is scheduled for June 2024.

Q5. How much time is provided between CA Foundation registration and the exam?

Ans. The ICAI provides a study period of 4 months between registration and the CA Foundation exam.

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