CA Foundation Course - A Complete Guide
CA Foundation is the entry-level examination conducted by The Institute of Chartered Accountants of India (ICAI) for the Chartered Accountancy course
CA Foundation Course - A Complete Guide
The CA Foundation is an introductory exam for students interested in pursuing the CA Course. ICAI has made strides in identifying the needs and updating the old course to make it more appropriate. The CA Foundation course was previously known as CPT. In comparison to the old syllabus, the new CA foundation syllabus is considered to be more competitive and difficult. For all of the CA course exams, the same tone has been set. CA Foundation exams take place twice a year, in June and December.
After clearing the Class 10th examinations, students can preliminarily register for the CA Foundation course with the ICAI. This provisional admission will only be regularised if the individual passes the Class 12th examinations.
A candidate must fill out the online registration form accessible on the ICAI website to enrol for the CA Foundation Course. The CA Foundation course registration is only valid for three years. It can be revalidated an unlimited number of times for another three years by paying minimal fees set by the council. December/June is the deadline to register for the May/Nov examination sessions.
Paper-1: Accounting
Paper-2: Business Laws
Paper-3: Quantitative Aptitude
Paper-4: Business Economics
CA Foundation exams are held in May and November. ICAI announces the CA Foundation exam schedule for the May/November term of examination in January/July.
After paying the required examination fees, you can fill out the CA Foundation Exam form on the ICAI website.You can get the admit card for the CA Foundation exam three times from the ICAI website.
Paper-1: Principles and Practice of Accounting and Paper-2: Business Laws and Business Correspondence and Reporting are subjective, consisting of theory and practical questions, whereas Paper-3: Business Mathematics, Logical Reasoning, and Statistics and Paper-4: Business Economics and Business and Commercial Knowledge are objective, consisting of multiple-choice questions.According to the new scheme, a negative marking of 0.25 will remain in the objective papers.
You can also practise with the new CA foundation question paper, mock test papers, and revision test papers by clicking on the link below.
https://www.icai.org/post/foundation-course
Candidates must achieve a minimum of 40% in each paper and a total of 50% in all four papers to pass the CA Foundation exam.
Direct admission for the CA Intermediate is available to commerce graduates with atleast 55% and other graduates with at least 60 % ie, Students having a degree are exempted from the requirement of clearing the CA Foundation
Playlist
PAPER 1: Accounting
The Institute of Chartered Accountants of India introduced Paper1: Principles and Practices of Accounting in CA Foundation Syllabus to develop an understanding of the basic concepts and principles of Accounting and acquire the ability to apply the same in preparing financial statements and simple problem solving .This can be achieved from our faculties having excelling command over Accounting for years.
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MODULE 1
Chapter 1: Theoretical Framework
Chapter 2: Accounting Process
Chapter 3: Bank Reconciliation Statement
Chapter 4: Inventories
Chapter 5: Depreciation and Amortisation
Chapter 6: Bills of Exchange and Promissory Notes
Chapter 7: Preparation of Final Accounts of Sole Proprietors
MODULE 2
Chapter 8: Financial Statements of Not-for-Profit Organisations
Chapter 9: Accounts from Incomplete Records
Chapter 10: Partnership and LLP Accounts
Chapter 11: Company Accounts
PAPER 2 : Business Laws
The Institute of Chartered Accountants of India introduced Paper 2: Business Law & Business Correspondence and Reporting, in CA Foundation Syllabus to develop an understanding of significant provisions of select business laws and acquire the ability to address basic application-oriented issues. This can be achieved from our faculties having excelling command over Business Laws for years.
UNICUS ACADEMY is a one stop solution for all your learning needs
Chapter 1: Indian Regulatory Framework
Chapter 2: The Indian Contract Act, 1872
Chapter 3: The Sale of Goods Act, 1930
Chapter 4: The Indian Partnership Act, 1932
Chapter 5: The Limited Liability Partnership Act, 2008
Chapter 6: The Companies Act, 2013
Chapter 7: The Negotiable Instruments Act, 1881
Paper 3: Quantitative Aptitude
The Institute of Chartered Accountants of India introduced Paper 3: Business Mathematics and Logical Reasoning & Statistics in CA Foundation Syllabus to develop an understanding of the basic mathematical and statistical tools and their application in Business, Finance and Economics.This paper also aims to develop logical reasoning skills and apply the same in simple problem solving. This can be achieved from our faculties having excelling command over these topics for years.
UNICUS ACADEMY is a one stop solution for all your learning needs
PART-A: BUSINESS MATHEMATICS
Chapter 1: Ratio and Proportion, Indices, Logarithms
Chapter 2: Equations
Chapter 3: Linear Inequalities
Chapter 4: Mathematics of Finance
Chapter 5: Basic Concepts of Permutations and Combinations
Chapter 6: Sequence and Series – Arithmetic and Geometric Progressions
Chapter 7: Sets, Relations and Functions, Basics of Limits and Continuity functions
Chapter 8: Basic Applications of Differential and Integral Calculus in Business and Economics
PART-B: LOGICAL REASONING
Chapter 9: Number Series, Coding and Decoding and Odd Man Out
Chapter 10: Direction Tests
Chapter 11: Seating Arrangements
Chapter 12: Blood Relations
PART-C: STATISTICS
Chapter 13:
Unit I: Statistical Representation of Data
Unit II: Sampling
Chapter 14: Measures of Central Tendency and Dispersion
Chapter 15: Probability
Chapter 16: Theoretical Distributions
Chapter 17: Correlation and Regression
Chapter 18: Index Numbers
Paper 4 : Business Economics
The Institute of Chartered Accountants of India introduced Paper 4: Business Economics & Business and Commercial Knowledge in CA Foundation Syllabus to develop an understanding of the concepts and theories in Business Economics and apply such concepts and theories in simple problem solving. This can be achieved from our faculties having excelling command over these topics for years.
UNICUS ACADEMY is a one stop solution for all your learning needs
Chapter 1: Nature & Scope of Business Economics
Chapter 2: Theory of Demand and Supply
Chapter 3: Theory of Production and Cost
Chapter 5: Business Cycles
Chapter 6: Determination of National Income
Chapter 7: Public Finance
Chapter 8: Money Market
Chapter 9: International Trade
Chapter 10: Indian Economy
FAQ
a)The Indian Contract Act, 1872
b)The Sale of Goods Act, 1930
c)The Indian Partnership Act ,1932
d)The Limited Liability Partnership Act,2008
e)The Companies Act ,2013
Your logical reasoning skills will be developed and help you to apply the same in simple problem solving.
Out of the 4 papers, 2 papers are subjective and rest of the 2 papers are objective type
You will be able to build your understanding of Accounting principles and preparing financial statements .
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