self employed
48 Points
Joined April 2018
CA foundation is the newly revised scheme of Indian Chartered Accountants of India. With scheme, ICAI replaced CA CPT course. According to this, CPT registrations were closed from 1st July 2017 and CA foundation registrations were opened from 1st July 2017. In CA foundation course had been pursued for the first time in May 2018.
Foundation Course will comprise of 4 papers two of them will be subjective and two papers will be objective. However negative marking for the wrong answers will remain same in objective papers i.e. for each wrong answer ICAI will deduct ¼ marks and for each correct answer candidate will be given 1 mark. Two new subjects are also introduced in the new CA Foundation course syllabus seeing their importance.
- Principles and Practices of Accounting
- Business Law and Business Correspondence and Reporting
- Business Mathematics and Logical Reasoning and Statistics
- Business Economics and Business and Commercial Knowledge
CA Foundation is a partially subjective and partially objective type paper pattern. All the four papers held at different dates and each paper contain one preparation leave similar to IPCC and CA Final.
Students require getting 40% in individual subjects comparing to CPT in which they needed only 30% in individual subjects. However, the aggregate percentage will remain same i.e. 50%