PAPER – 1 : PRINCIPLES AND PRACTICE OF ACCOUNTING
CA - Foundation
It is entry level to Chartered Accountancy course.
v Eligibility - Senior secondary (10+2) examination conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto. Student who appears in class 10+2 examination can also apply for registration to CA – Foundation.
For list of examination recognised - https://resource.cdn.icai.org/45775bos35949foundation-eligibility.pdf
v Due Date for registration – Although admission remain open throughout the year, But exam take place twice a year and there is requirement of minimum of four months study period to appear in the Foundation Examination. Meaning thereby gap between the date of registration and first day of month of exam should be 4 months.
Term of Exam |
Due date (must be register on or before) |
May |
31st December of preceding year |
November |
30th of June of same year |
v Fee Details
Detail of fee |
₹ Indian Students |
US$ Foreign Students |
Cost of Prospectus |
200 |
20 |
Foundation Registration Fee |
9,000 |
700 |
Subscription for Students’ Journal (For one Year) (Optional) |
200 |
20 |
Subscription for Members’ Journal (For one Year) (Optional) |
400 |
40 |
Total |
9,800 |
780 |
v Procedure of Registration
Step 1 - Candidate has to register online on ICAI website (www.icai.org) in “Course Registration Forms” under “Students tab”. After making successful payment on gateway, registration form will be generated
Step 2 - Following documents are to be submitted along with the print out of the online registration form, duly signed by the candidate; to concerned regional office within 7 days from the date of online registration.
· Attested copy of Admit Card / Mark sheet of Class 12 examination issued by the respective Board
· Attested copy of the 10th Mark sheet/ Admit Card of 10th class indicating the Name & Date of Birth
· One recent colour photograph (affixed on the printout of the online successful registration form)
· Attested copy of proof of special category (SC, ST, OBC, Differently able) certificate, if applicable.
· Attested copy of proof of Nationality, in case of foreign student
Note – Details of Decentralised office https://resource.cdn.icai.org/45776bos35949foundation-registration.pdf
Note - Registration once done will be valid for period of 3 years, but can be revalidated for any number of times for further 3 years, after payment of fee of INR 300.
v Papers with Skill to be tested
Paper |
Subject |
Part/Sections – If any |
Level I - Comprehension & Knowledge |
Level II Application |
1 |
Principles and Practice of Accounting |
|
5-20% |
80-95% |
2 |
Business Laws & Business Correspondence and Reporting |
Section A: Business Laws |
50-65% |
35-50% |
Section B: Business Correspondence and Reporting |
100% |
- |
||
3 |
Business Mathematics and Logical Reasoning &Statistics
|
Part I: Business Mathematics and Logical Reasoning |
- |
100% |
Part II: Statistics |
- |
100% |
||
4 |
Business Economics & Business and Commercial Knowledge
|
Part I: Business Economics
|
40-50% |
50-60% |
Part II: Business and Commercial Knowledge |
100% |
- |
v Paper with Marks Weight-age (weight to respective part’s marks)
Paper 1 - Principles and Practice of Accounting - Three hours – 100 Marks
Contents |
Weight |
1. Theoretical Framework |
5-10% |
2. Accounting Process |
20-25% |
3. Bank Reconciliation Statement |
|
4. Inventories |
|
5. Concept and Accounting of Depreciation |
|
6. Accounting for Special Transactions |
15-20% |
7. Final Accounts of Sole Proprietors |
25-30% |
8. Partnership Accounts |
|
9. Financial Statements of Not-for-Profit Organizations |
|
10. Introduction to Company Accounts |
10-15% |
11. Basic Accounting Ratios (profitability, solvency, liquidity and turnover) |
10-15% |
Paper – 2: Business Laws and Business Correspondence & Reporting - Three hours – 100 Marks
Section A : Business Laws (60 Marks) |
|
Contents |
Weight |
1. The Indian Contract Act, 1872 |
25-35% |
2. The Sale of Goods Act, 1930 |
20-25% |
3. The Indian Partnership Act, 1932 |
20-25% |
4. The Limited Liability Partnership Act, 2008 |
5-10% |
5. The Companies Act, |
15-20% |
Section B : Business Correspondence And Reporting (40 Marks) |
|
Part – I: Communication |
|
1. Communication |
10-15% |
Part – II : Sentence Types and Word Power |
|
2. Sentence Types (Direct-Indirect, Active -Passive Speech) |
20-30% |
3. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations and Idioms. |
|
Part – III : Comprehension Passages and Note Making |
|
4. Comprehension Passages |
20-30% |
5. Note Making |
|
Part – IV : Developing Writing Skills |
|
6. Introduction to Basic Writing |
35-40% |
7. Précis Writing |
|
8. Article Writing |
|
9. Report Writing |
|
10. Writing Formal Letters |
|
11. Writing Formal Mails |
|
12. Resume Writing |
|
13. Meetings |
Paper –3: Business Mathematics, Logical Reasoning and Statistics - Three hours – 100 Marks
Contents |
Weight |
Part – A. Business Mathematics (40 Marks) |
|
1. Ratio and Proportion, Indices and Logarithms |
20-30% |
2. Equations and Matrices |
|
3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function. |
|
4. Time value of Money |
30-40% |
5. Permutations and Combinations |
40-50% |
6. Sequence and Series |
|
7. Sets, Relations and Functions |
|
8. Basic applications of Differential and Integral calculus |
|
Part – B: Logical Reasoning (20 Marks) |
|
1. Number series, Coding and Decoding and odd man out. |
60-70% |
2. Direction Tests |
|
3. Seating Arrangements |
|
4. Blood Relations |
30-40% |
5. Syllogism |
|
Part – C: Statistics (40 Marks) |
|
1. Statistical description of Data |
45-50% |
2. Measures of Central tendency and Dispersion |
|
3. Probability |
25-30% |
4. Theoretical Distributions |
|
5. Correlation and Regression |
10-15% |
6. Index Numbers and Time Series |
10-15% |
Paper – 4: Business Economics and Business and Commercial Knowledge - Three hours – 100 Marks
Contents |
Weight |
Part I: Business Economics (60 Marks) |
|
1. Introduction to Business Economics |
15-20% |
2. Theory of Demand and Supply |
35-40% |
3. Theory of Production and Cost |
|
4. Price Determination in Different Markets |
20-30% |
5. Business Cycles |
15-20% |
Part – II: Business And Commercial Knowledge (40 Marks) |
|
1. Introduction to Business |
15-18% |
2. Business Environment |
15-18% |
3. Business organizations |
15-20% |
4. Government Policies for Business Growth |
15-18% |
5. Organizations facilitating Business |
15-18% |
6. Common Business Terminologies |
15-18% |
v Passing Criteria
A candidate is declared to have passed the Foundation examination, if he obtains at one sitting a minimum of 40% marks in each paper and minimum of 50% marks in the aggregate of all the papers.
v Role that ‘Guruvidya CA’ can play in your CA-Foundation success story
Over the period of time, ‘Vidyadhan Academy’ continually contributing to its students; we believe in quality teaching, hence adopts the best practices of fine teaching apart from infrastructural facilities.
We offer dedicated designed study programme according to need of curriculum of course. For CA- Foundation we distinctively offering;
1. Coverage of full syllabus (regular sessions followed by queries)
2. Handy class room note (strictly adherent to syllabus covering study material in aspect)
3. Use of Memory charts and flow charts for theory subjects like wise Paper 2 and Paper 4, where memory function is more important
4. Special session of writing theory answer and attempting exams
5. Use of smart class room techniques (use of PPT where ever required to make concept interesting and visually viable – especially for subjects like law, where concepts are new to student)
6. Chapter/Topic wise test – especially in practical subject likewise in Paper 1 & Paper 3, where practice is key
7. Interim mock test (at 50% of syllabus) and Final mock series at end of batch, in exam like environment.
8. Revision classes followed by doubt session
9. Guest lecturers from expert or person in industry for understanding the practical aspect involved in subject
10. Following student specific approach (either rank holder or weak students or student with gap)
( 1 ) Accounting
( 2 ) Business Laws & Reporting
( 3 ) Business Mathematics & Statistics
( 4 ) Business Economics & Management
PAPER – 1 : PRINCIPLES AND PRACTICE OF ACCOUNTING
Reasoning Demo : CA Foundation
PAPER –3: BUSINESS MATHEMATICS, LOGICAL REASONINGAND STATISTICS
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