CA Foundation Exam is an entry-level examination for students who want to follow their career in Chartered Accountancy. It is a national level exam conducted by ICAN in Nepal. The freshers can only apply and appear for the CA Foundation exam if they have passed Class 12th. CA Foundation is an entry-level test organized by ICAN for CA applicants. You can appear in the test every six months. 12th examination appearing applicants can also register for the CA Foundation course. In this blog, the CA aspirants can get complete detail about CA Foundation Exam, its syllabus, exam pattern, books, and papers.
Eligibility Criteria for CA foundation examination
To apply for the CA foundation examination, it is essential to fulfilling some eligibility criteria that have been pre-determined by the ICAN. Students after completing the 10th or 12th examination conducted by an examining body constituted by the law of Nepal can register for Foundation Course. Arts, science, commerce, or any other stream students can apply for the CA Foundation exam. One can skip the CA foundation examination if one has completed a bachelor’s or master’s degree in commerce with at least 55% marks or 60% marks in another stream. No minimum percentage of marks is required in the 12th class to register in the CA Foundation course.
CA aspirants after registration to the course are required to complete a minimum of four months of the study period from the date of registration to be eligible to appear in the Foundation Examination.
Syllabus outline for CA foundation
Paper -1: – Principle and Practice of Accounting (100 marks).
Paper -2: – Business law and Business.
Correspondence and Reporting (100 marks).
Section A: – Business Law (60 marks).
Section B: – Business Correspondence and Reporting (40 marks).
Paper-3: – Business Mathematics and Logical Reasoning and Statistics (100 marks).
Part I: -Business Mathematics and Logical reasoning (60 marks).
Part II: – Statistics (40 marks).
Paper-4: – Business Economics and Business and Commercial Knowledge (40 marks).
Part I: – Business Economics (60 marks).
Part II: – Business and Commercial Knowledge (40 marks).
Besides this, the students are also suggested to be updated with Financial and Business news.
Examination Pattern for CA foundation
CA Foundation Examination is the offline exam held twice a year in May and November. Paper one and Paper 2 are subjective papers whereas paper 3 and paper 4 are objective and 0.25 marks will be deducted for the wrong answer in Paper 3 and 4. The minimum passing criteria for the Foundation Exam is 40% marks in each paper and a minimum of 50% marks in aggregate of all the papers in one sitting. This exam is majorly conducted in the English language.
Top Tips for CA foundation exam study plan
Cracking the CA foundation exam is tough but with some tips and tricks, it becomes somewhat easier. Here are some of the tips to prepare CA foundation exam: –
1.Work out a Time-Table
The basic step before one starts to study is to work out a suitable timetable. Students thinking that making a timetable is a wastage is doing a blunder mistake in their life. Making a proper time to study and figure out what to study ahead of studying time helps to prevent time loss. Pick Up a study material and allocate time to every subject and every chapter according to your suitability and the days left for the exam. This will not just properly organize the studies but also helps to analyze your performance and improve your time management practice.
2.Join a proper coaching class for better preparation
Those who are having a hard time understanding the study materials are suggested to join a coaching class for a more efficient and progressive education. The basics are very important in CA education so if any doubt, it is better to catch up on it. The coaching classes help one gain a lot more clarity in the concept so it becomes easier to crack the foundation exam.
3.Prepare Your Notes
Revision becomes a lot more difficult when one doesn’t have a proper note. Preparing your note helps you easily find the content you’ve been looking for. The CA course is very vast and it becomes very difficult to find all the content in a single day of the examination. So always prepare a short note in the class which will help you during the examination.
4.Command Over Calculator
ICAN does not want its student to do the hard work that is why it permits calculators in the CA exams. Papers are always lengthy so it becomes very difficult to solve all the problems in a short period. That is why it is very important to grab command over the calculator. Be perfect on the short keys like M+, M-, G, etc. This will help in time management during the examination period.
5.Take Short Breaks and revise accordingly
If you want to study effectively and crack the CA foundation exam then do not study continuously for the whole day. Taking short breaks of 10-15 minutes every 2-3 hours refreshes your mind. Start your day with the theory subjects because morning time is the fresh start to the day leave your practical subjects to the day or evening time. Always end your day revising what you’ve studied throughout the day.