CA-Foundation

OVERVIEW / SIGNIFICANCE

These Days many students are losing out interest in engineering & medical and are looking out for other options. CA-Foundation  is definitely a buzzword in today’s world. Demand for certified accountants is sensed in the industry. Students attracted towards CA- Foundation  course tend to lead their career path as Chartered Accountants (CA) / Cost & Management Accountants (CMA) / Company Secretary (CS). Student’s interest in being an accounting professional is trending with good job openings in the market with handsome pay packets. In last few years there is tremendous progress in scores achieved by the students in all India CA- CPT ( now, known as Foundation)  exams. With high growth rate, students are looking for more accurate information and resources available near to them to know more about CA- Foundation  curriculum.
CA-Foundation   is an entry level examination leading to CA / CMA / CS. A 12th Class pass student can take up this course. The exam questions are of objective type – Multiple Choice Questions (MCQs) having four different sections as under:
1. Principles and Practice of Accounting
2. Business Law and Business Correspondence and Reporting
3. Business Mathematics, Logical Reasoning and Statistics
4. Business Economics and Business and Commercial Knowledge

The registration opens 4 months before the commencement of exam and students will be eligible to take the exam only if registered with ICAI – Institute of Chartered Accountants of India a statutory body formed by Parliament through an Act (Registration fee at present is ` 9,200). The candidate has to register with ICAI online (www.icai.org). The exam is held twice in a year i.e. in May and November. The last date for registration for May attempt is 31st December and for November attempt is 30 th June every year. Students will also have an option to choose either Hindi or English as medium of language. Counseling, guidance & online registration facility is provided FREE at GK.

Preparation for CA- Foundation is definitely not an easy task. In order to cover the 4 sections and crack the competitive exam you need to work smart. Students have to manually look for different books and previous year test papers to prepare for their exam. Finding time and practicing on example questions will have to be part of their daily routine. All this can be made easy at GK Institute of Commerce as students will be provided guidance, homework and Mock tests regularly to know their competency. Tutor will carry out sessions for students and clear their doubts. Students can feel free to ask questions, solve their assignments and get assessed, which helps them in cracking competitive exam with ease. GK Institute will help you to cover all the concepts from the very basic which shall not only help you in cracking CA- Foundation but also to get your core stronger.

S.no. Subjects ; Maximum Marks Minimum Pass Marks
Paper 1
( Subjective )
Principles and Practice of Accounting 100 40
Paper 2
( Subjective )
Business Law and Business Correspondence and Reporting

Sec A: Business Laws
Sec B: Business Correspondence and Reporting

100

(60)

(40)

40
Paper 3
( Objective )
Business Mathematics, Logical Reasoning and Statistics

Part A:   Business Mathematics
Part B:   Logical Reasoning
Part C:   Statistics

100

(40)
(20)
(40)

40
Paper 4
( Objective )
Business Economics and Business and Commercial Knowledge

Part l: Business Economics
Part ll: Business and Commercial Knowledge

100

(60)
(40)

40

Aggregate must be 50% in all papers.

Our notes are prepared in simple and easy language and by consulting study material, revision test papers, last 10 years Question papers etc.