self employed
48 Points
Joined April 2018
According to the new curriculum of ICAI, CPT course is replaced by CA foundation course. CA foundation is the entry-level exam of CA course same as CPT. But CPT was replaced by CA foundation in July 2017.
As per the latest ICAI notification, CA CPT exam will not be conducted after June 2019 session. CA CPT 2019 June session will be the last session of CPT exam. It has been decided in lieu of the introduction of new CA entry level exam, i.e. CA Foundation 2018, under revised scheme. After June 2019, CA Foundation will become the sole CA entry-level qualification examination. Until this period, both CA CPT and CA Foundation examinations will be conducted by ICAI.
CA Foundation is the newly introduced entry-level qualification test for Chartered Accountancy, formulated under revised CA education and training scheme based on international education standards. CA Foundation exam will be held twice a year by ICAI- once in May and once in November. Candidates who will qualify CA Foundation exam will be enrolled in IPCC (Intermediate Professional Competence Course) New course also designed on revised education scheme, which would train qualified candidates for next level of Chartered Accountancy course.
Papers in CA Foundation are:
- Principles and practices of Accounting(100 Marks)
- Business Laws and Business Correspondence and reporting (100 Marks)
- Business Laws (60 Marks)
- Business Correspondence and Reporting (40 Marks)
- Business Mathematics and Logical Reasoning and Statistics. (100 Marks)
- Business Mathematics(40 Marks) and Logical Reasoning (20 Marks)
- Statistics (40 Marks)
- Business Economics and Business and Commercial Knowledge (100 Marks)
- Business Economics(60 Marks)
- Business and Commercial Knowledge (40 Marks)