What is CA Foundation?
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The Foundation Course is newly introduced at an entry-level for the Chartered Accountancy Course.
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It is based on international education standards.
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You can give the Foundation Examination once you clear the senior secondary (10+2) exam recognised by the central government.
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The exam is conducted twice a year in May and November.
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To appear for the November exam, you must register before the 30th of June.
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To appear for the May exam, you must register before the 31st of December of the previous year.
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The Foundation Exam includes a total of four papers—two subjective papers and two objective papers.
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This exam has negative marks for incorrect answers in the objective papers.
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You also need to score a minimum of 40% marks in each paper along with a minimum of 50% marks aggregate in both papers to clear the exam.
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Registration for the Foundation Course is valid only for 3 years.
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You must pay a revalidation fee of Rs 300 to revalidate your registration for another 3 years.
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Syllabus for CA Foundation
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Paper 1: Principles and Practices of Accounting
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Theoretical Framework
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Accounting Process
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Bank Reconciliation Statement
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Inventories
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Concept and Accounting of Depreciation
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Accounting for Special Transactions
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Final Accounts of Sole Proprietors
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Partnership Accounts
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Financial Statements of Not-for-Profit Organisations
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Introduction to Company Accounts
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Basic Accounting Ratios (profitability, solvency, liquidity and turnover)
Paper 2: Business Law and Business Correspondence and Reporting
Section A: Business Law
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The Indian Contract Act, 1872
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The Sale of Goods Act, 1930
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The Indian Partnership Act, 1932
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The Limited Liability Partnership Act, 2008
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The Companies Act, 2013
Section B: Business Correspondence and Reporting
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Communication
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Sentence Types
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Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal Verbs, Collocations and Idioms
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Comprehension Passages
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Note Making
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Introduction to Basic Writing
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Precis Writing
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Article Writing
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Report Writing
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Writing Formal Letters
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Writing Formal Emails
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Resume Writing
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Meetings
Paper 3: Business Mathematics and Logical Reasoning and Statistics
Part I: Business Mathematics and Logical Reasoning
Business Mathematics
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Ratio and Proportion, Indices, Logarithms
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Equations and Matrices
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Linear Inequalities with Objective Functions and Optimizations
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Time Value of Money
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Permutations and Combinations
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Sequence and Series
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Sets, Functions and Relations
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Basic Concepts of Differential and Integral Calculus
Logical Reasoning
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Number Series
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Direction Tests
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Setting Arrangements
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Blood Relations
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Syllogism
Part II: Statistics
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Statistical Description of Data
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Measures of Central Tendency and Dispersion
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Probability
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Theoretical Distributions
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Correlation and Regression
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Index Numbers and Time Series
Paper 4: Business Economics and Business and Commercial Knowledge
Part I: Business Economics
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Introduction to Business Economics
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Theory of Demand and Supply
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Theory of Production and Cost
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Price Determination in Different Markets
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Business Cycles
Part II: Business and Commercial Knowledge
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Business and Commercial Knowledge: An Introduction
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Business Environment
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Business Organizations
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Government Policies for Business Growth
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Organizations Facilitating Business
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Common Business Terminologies
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Exam Pattern for CA Foundation
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CA Foundation exam consists of both objective and subjective-type questions that constitute a total of 400 marks.
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It includes four subjects/papers. Papers 1 and 2 primarily include subjective/descriptive type questions and papers 3 and 4 have objective questions.
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For objective type papers, i.e. papers 3 and 4, there is a negative marking of one-fourth marks per wrong answer
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The exam is conducted offline (pen/pencil paper)
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The medium of the test is English or Hindi
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How to apply
Eligibility Criteria for CA Foundation
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You need to fulfil some eligibility criteria predetermined by ICAI for the CA Foundation course. The eligibility criteria for CA Foundation is as follow :
Route 1: Foundation Course Route
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To register for the Foundation Course, you should have completed the 10+2 examination carried out by an examining body constituted by law in India.
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To be eligible for the examination conducted in the month of May, you should register on or before 31st December.
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To be eligible for examination conducted in the month of November, you should register on or before 30th June.
Route 2: Direct Entry Route
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You can directly register for the Intermediate Course if:
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If you are a graduate or postgraduate and have the relevant marks or grade in exams conducted by any recognized university (including open university)
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You have passed an Intermediate level examination of the ICAI or the ICSI
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Registration for CA Foundation
Follow these steps to register:
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Log on to the ICAI's official website
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Now, fill in the required details like name, date of birth, Aadhar number, email, mobile number, and create a password.
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Once the account is created, log in to the registration portal
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Enter the mandatory details
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Upload the requisite documents
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Make the payment online
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Save the document and print it
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Sign and attest the application form
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Send the application to ICAI