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CA FOUNDATION

Every commerce student dreams of becoming a Chartered Accountant (CA) one day. CA Foundation by Institute of Chartered Accountants of India helps the CA aspirants to achieve their goals. CA Foundation Exam is a must for the aspirants who want to carve a niche in the sector of business accounting.

What is CA Foundation?

CA Foundation is a national level exam conducted in June & November/December. It is taken up by the candidates who are aspiring to become Chartered Accountants in India. It was formerly known as CA Common Proficiency Test (CA CPT).

In compliance with the Chartered Accountants Regulations 1988, Institute of Chartered Accountants of India (ICAI) conducts and administers CA Foundation Exam twice every year.

Results: The Results for CA Foundation Exam will be tentatively published within 3-4 weeks after the exam is completed. Your score is considered valid for 3 years.

Correction Window: If you have made a mistake in the application form, ICAI will provide a correction window and in this period you can change the mistakes.

CA Foundation at a Glance

Exam Name	CA Foundation (earlier known as Common Proficiency Test)
Acronym	CA Foundation (earlier known as CA CPT)
Conducting Authority	The Institute of Chartered Accountants of India (ICAI)
Level of Exam	National
Exam Category	Undergraduate (UG)
Course Offered	Chartered Accountancy in India
Exam Date	June 19, 2020
Mode of Exam	Offline i.e. Pen and Paper-based Test (PPT)
Exam Medium	English
Duration of Exam	4 Hours (2 Hours for each exam Session)
Official Website	http://icaiexam.icai.org/index1.php
Helpdesk	cpt_exam@icai.in1800 419 29290120-3054 851, 3054 852, 3054 853, 3054 854, 3054 835, 4953 751, 4953 752, 4953 753, 4953 754

CA Foundation 2020 Eligibility

The aspirants must have passed 10+2 level (Senior Secondary) qualifying examination from a national or state-recognized Board of Secondary Education in India. The aspirants are required to register/ switch over to Common Proficiency Course with Board of Studies (BoS) of ICAI. They should do this before October 2, 2020.

Candidates should get his/her registration to Common Proficiency Course re-validated in case it has been three years from their CA Foundation registration. This is because CA Foundation course registration has a validity of three years.

Basic eligibility criteria for CA Foundation Exam is given below:

CA Foundation Eligibility Criteria

Education	10+2 (Senior Secondary) or equivalent
Age Limit	No Age Limit

CA foundation is the entrance exam of ca course. It is same as cpt but it is different in some aspects.

There will be four papers in ca foundation exam -

(1) Accounts -100 marks ( subjective) a little changes has been made in the syllabus of accounts. So dont worry about it.

(2) Mercentile law-( 60 marks ) , 2 new chapters will be added i.e. THE LLP ACT 2008 AND THE COMPANY ACT 2013.

English- (40marks) subjective. Only the class 10 to 12 class english basics. (Means english and mercentile law will be of 100 marks.) Now, (3) qa ( business maths and logical reasoning ) - 60 marks.

And statistics-40 marks .(means business maths, logical reasoning and statistics will be of 100 marks ) ***objective type .

Now ,economics -60 marks (in which macro and indian economic development has been removed) and business -40 marks ** objective type questions.

A student can register with boards of studies after apearing in class 12
A student can give the exam after clearing class 12.
According to the new rule the exams will be held in may and nov every year.
In each paper student have to score 40 % and 50 % in aggregate.

CA Foundation 2020 Syllabus

Papers	Syllabus
1. Principles and Practice of Accounting	Theoretical Framework Accounting Process Bank Reconciliation Statement Inventories Concept and Accounting of Depreciation Accounting for Special Transactions Final Accounts of Sole Proprietors Partnership Accounts Financial Statements of Not-for-Profit Organisations Introduction to Company Accounts Basic Accounting Ratios (profitability, solvency, liquidity, and turnover)
2. Business Laws & Business Correspondence and Reporting	Section A: Business Laws The Indian Contract Act, 1872 The Sale of Goods Act, 1930 The Indian Partnership Act, 1932 The Limited Liability Partnership Act, 2008 The Companies Act, 2013 Section B: Business Correspondence and Reporting Communication Sentence Types Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal Verbs, Collocations & Idioms Comprehension Passages Note Making Introduction to basic writing Precis Writing Article Writing Report Writing Writing Formal Letters Writing Formal Emails Resume Writing Meetings
3. Business Mathematics and Logical Reasoning & Statistics	Part A: Business Mathematics Ratio and proportion, Indices, Logarithms Equations and Matrices Linear Inequalities with Objective Functions and Optimizations Time value of Money Permutations and Combinations Sequence and Series Sets, Functions, and Relations Basic concepts of Differential and Integral Calculus Part B: Logical Reasoning Number Series Direction Tests Setting Arrangements Blood Relations Syllogism Part C: Statistics Statistical Description of Data Measures of Central Tendency and Dispersion Probability Theoretical Distributions Correlation and Regression Index Numbers and Time Series
4. Business Economics and Business and Commercial Knowledge	Part I: Business Economics Introduction to Business Economics Theory of Demand and Supply Theory of Production and Cost Price Determination in Different Markets Business Cycles Part II: Business and Commercial Knowledge Business and Commercial Knowledge: An Introduction Business Environment Business Organizations Government Policies for Business Growth Organizations Facilitating Business Common Business Terminologies

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