What is the CA Foundation course?

the CA Foundation course is part of the Chartered Accountancy (CA) education and examination system in India, governed by the Institute of Chartered Accountants of India (ICAI). Please note that information may have changed since then, so it's always a good idea to check the latest updates from ICAI or relevant authorities.

As of my last update, here is an overview of the CA Foundation course:

1. Eligibility:

• To be eligible for the CA Foundation course, a candidate must have completed their 10+2 education or its equivalent from a recognized board. There is no specific percentage requirement, and students from any stream (Commerce, Science, or Arts) can apply.

2. Registration:

• Interested candidates need to register for the CA Foundation course with ICAI. Registration is typically open throughout the year, and students can register after passing their 10+2 examinations.

3. Subjects:

• The CA Foundation course consists of four papers:
  • Paper 1: Principles and Practice of Accounting
  • Paper 2: Business Laws and Business Correspondence and Reporting
  • Paper 3: Business Mathematics, Logical Reasoning, and Statistics
  • Paper 4: Business Economics and Business and Commercial Knowledge

4. Examinations:

• The CA Foundation examinations are held twice a year, in May and November. Candidates can appear for the exams after completing a minimum of four months of study from the date of registration.

5. Passing Criteria:

• To pass the CA Foundation examinations, candidates need to secure a minimum of 40% marks in each paper and an aggregate of 50% in the total.

6. Exam Pattern:

• The examination is conducted in a descriptive and objective type format. Paper 1 and Paper 2 are subjective, while Paper 3 and Paper 4 are objective papers.

7. Transition to the Intermediate Course:

• Once a candidate successfully clears the CA Foundation examinations, they can register for the next level, which is the CA Intermediate course.

It's important to note that the CA curriculum and examination system may undergo updates or changes. Therefore, it is recommended to visit the official website of the Institute of Chartered Accountants of India (ICAI) or contact the local ICAI branch for the most accurate and up-to-date information regarding the CA Foundation course.