CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 15 October 2017
Atul Jain
(CA)
(109 Points)
Replied 19 May 2018
The ICAI executed its plan to make the entry-level difficult, not like IIT-JEE or PMT but better than CPT, in the form of CA Foundation. Exams for the CA Foundation will conduct twice in a year i.e. MAY and November. A student can register in this course after appearing in 12th examination constituted by the law or recognised by the Central Government and appear in the Foundation examination after passing 12th Examination.
The entire Foundation syllabus is divided into four subjects -
The above two are subjective while the latter two are objective. Negative marking will continue to remain in the objective papers.
Madi Purohit
(self employed)
(48 Points)
Replied 08 June 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.
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%
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