CA Foundation New Syllabus

CA Foundation New Syllabus - (Proposed)

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Change in CA Foundation Registration & Examination

Aspect Existing Proposed
Eligibility for admission Register with BoS after passing class 10 examinations. Same as Before
Validity of registration No Restrictions 4 years from the date of registration.
Eligibility for appearance in examination Appear in Foundation examination after appearing in class 12 examination and completing minimum study period of 4 months before the 1st day of the month in which examination is held Same as Before

  • If a candidate is not able to clear CA Foundation exam, he/she can switch to Direct entry route.
  • Earlier 4 months study period was required before exams. But in proposed scheme, this study period has been removed. Thus, you can register anytime and give exam in June/December. Also, there is a possibility that ICAI may increase yearly attempts for CA Foundation exam.
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Change in CA Foundation Subjects & Syllabus

Current Proposed
Paper -1 : Principles and Practice of Accounting Paper -1 : Accounting
Paper -1: Some portion of Existing CA Inter Accounting subject would be included in Proposed CA Foundation Accounting syllabus so as to increase the standard of the Foundation level.
Paper -2 : Business Laws and Business Correspondence and Reporting Paper -2 : Business Laws
Paper -2: Business Correspondence and Reporting is being excluded in the proposed scheme. To facilitate students with the requisite communication skills, an online course would be launched on English/Business communication, which would be recommendatory. Earlier Business Laws was asked for 60 marks. Now it will cover full 100 marks of the paper as Business and Commercial Reporting part will be removed.
Paper -3 : Business Mathematics and Logical Reasoning and Statistics Paper -3 : Quantitative Aptitude
  • Business Mathematics
  • Logical reasoning
  • Statistics
Paper -4 : Business Economics & Business & Commercial Knowledge Paper -4 : Business Economics
Paper -4 : As per existing syllabus Business Economics is asked for 60 marks. Now as per proposed syllabus, Economics will be asked for full 100 marks and it would include Topics from existing CA Inter Economics for Finance subject. Business and Commercial Knowledge part which was asked for 40 marks will be removed and will be integrated in their practical training.

Time to Become a Chartered Accountant

Aspect Current Scheme Proposed Scheme
Registration for Foundation / appear for 10+2 Start Start
Appear for Foundation Examination 4 months 4 months
Study for Intermediate Examination 8 months 8 months
Articleship 36 months 24 months
Study for Final Examination - 6 months
Total period to become ICAI member 48 months 42 months
Work experience for applying CoP - 12 months

The above neither includes time taken for declaration of results nor waiting time before next exam falls due. However, with the proposal to conduct online examination and / or more than 2 exams in a year, the time for results or next exam due would come down.

Other examination aspects

Aspect Proposed / Existing Foundation
Number of papers Existing 4 papers
Proposed 4 papers
No. of Examinations in a Year Existing 2
Proposed 2 (to be increased to 3 after systems are in place)
Medium (Language) Existing English or Hindi
Proposed English or Hindi
Manner of assessment Existing Partly Subjective and Partly Objective
Proposed Partly Subjective and Partly Objective (with negative marking of 25% for each wrong answer to MCQs)
Negative marking would prevent students from resorting to guess work while answering questions. They would strive to improve their preparation and hone their application skills in order to answer correctly in the MCQ based papers
Pass percentage Existing 40% in each paper and 50% in aggregate (with negative marking)
Proposed 50% in each paper
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