The CA Foundation Course is the entrance level for the
chartered accountancy course offered by the
Institute of Chartered Accountants of India (ICAI). Earlier, it was known as the
Common Proficiency Test
The CPT or Common Proficiency Test was the first level of Chartered Accountancy examinations in India which has been changed to CA Foundation according to ICAI's revised scheme.
Eligibility
A person can register for CPT after completing Grade ...
. CA Foundation contains 5 series of papers. The CA Foundation exam replaced the CA-CPT exam and now is conducted by the Institute of Chartered Accountants of India (ICAI) twice a year. After the CA Foundation exam, students need to complete the
Intermediate and Final levels as well to
become a chartered accountant
Eligibility
The candidate can register for CA Foundation after passing the secondary school examinations (Class-X) and appear in the foundation exam after qualifying for the 12th examinations.
ICAI has allowed provisional registration for 10th class passed students.
Test model
CA Foundation is a partially subjective and a partially objective test comprising the following four papers:
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Principles and Practice of Accounting
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Business Laws and
Business Correspondence Business correspondence means the exchange of information in a written format for the process of business activities. Business correspondence can take place between organizations, within organizations or between the customers and the organization. T ...
and
Reporting
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Business Mathematics Business mathematics are mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis. J. Oli ...
,
Logical Reasoning
Two kinds of logical reasoning are often distinguished in addition to formal deduction: induction and abduction. Given a precondition or ''premise'', a conclusion or ''logical consequence'' and a rule or ''material conditional'' that implies the ...
&
Statistics
Statistics (from German language, German: ''wikt:Statistik#German, Statistik'', "description of a State (polity), state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of ...
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Business Economics
Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with ...
and
Business and Commercial Knowledge
The first two papers are subjective while the latter two are objective. Each paper is worth 100 marks for a total of 400 marks.
Registration
A candidate has to register for CA Foundation Course by filling up the online registration form available on the ICAI website. The last date for registration is December/June for the May/Nov terms of examination. Registration for the CA Foundation course is valid only for three years.
Date of the exams
Exams for the CA Foundation are held in May and November. ICAI announces the CA Foundation exam schedule in the month of July for the November term of examination and in the month of January for the May term of examination.
Exemption
Graduates, post-graduates and students with equivalent degrees are exempt from the course requirement. Commerce graduates with 55% and other graduates with 60% marks can take direct admission for the CA Intermediate
See also
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Education in India
Education in India is primarily managed by state-run public education system, which fall under the command of the government at three levels: central, state and local. Under various articles of the Indian Constitution and the Right of Child ...
References
{{reflist
External links
CA Foundation - ICAI
Accounting in India