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KCC Tutorials by Jagdeep Arora Sir provide you the best toppers tips to pass CA Foundation 2024 in the first attempt.

10+ Toppers Tips for Clearing CA Foundation in the first attempt!

CA Foundation exam 2024 10+ Tips and Tricks

Prepare Time-Tables and Routine

The very first step for cracking CA Foundation is to prepare a proper and practical timetable. Make a proper plan by analysing the study material and CA Foundation paper pattern. Allocate time to every subject and every chapter according to the days left in your exam and their weightage. This will not just organize your studies in a proper manner but improves understanding, leads to better grades, provides a consistent approach, and reduces stress.

Prepare Your Own Revision Notes

The CA Foundation course is very vast and almost impossible to revise in a day from the study material so the best source notes to revise at the exam time are your own handwritten notes. So, always prepare your own short notes during your classes with your own understanding which will prove immensely helpful at your exam time.

Focus on Statistics and Logical Reasoning

Non-Maths commerce students are advised to focus on Statistics and Logical Reasoning because CA Foundation Maths might be a little difficult for non-Math students. Logical reasoning covers 20 marks and the remaining part is divided equally among Maths and Statistics. Therefore, non-Math students should focus mainly on Statistics and Logical Reasoning.

Subject-wise attention:

Focusing on one subject at a time gives you the opportunity to fully understand the material and retain it. This helps you to focus on similar concepts and understand the subject better for the exam.

Practice with CA Foundation Question Papers and Mock Test Papers

CA Foundation question papers and model test papers have proven very helpful in clearing your exam. They teach you time management and how to answer the questions accurately. Therefore it is advisable to solve the previous year’s question papers and MTPs at the end of each chapter as a revision and then proceed to the full subject ones after you’re completed with the entire syllabus .

Stress Free Approach

You can use relaxation techniques such as meditation or yoga to maintain your mental peace of mind. Keeping both body and mind healthy can help ensure productivity and dedication throughout your preparation journey!!

Command Over Calculator

ICAI permits calculators in the CA exams so you should utilize it to it’s full extent. Papers are always lengthy so it has become very important to grab command over the calculator. Learn the short keys like M+, M-, G, etc. This will save you crucial time in the exam.

Revision in the last month

Set a target to complete your course in three months along with the first revision and leave the last month for the last two revisions and solve the past attempt and mock test papers. Stick to your own and your teachers’ notes and solve the model test papers as much as you can.

Focus Primarily on Presentation

Presentation is very important in the CA Foundation Exams. Your handwriting should be neat and your content should be to the point for impressing the paper checker. Solve as many mock tests as you can for perfecting your presentations.

Join proper coaching 

A proper CA Foundation coaching helps you a lot in gaining clarity over your concepts. So, it is very important to choose CA foundation coaching. you can choose offline or online class for CA foundation as per your convenience.

Minimum Three Times Revision

The course is vast and needed to get revise at least three times before exams. Plan your revision efficiently i.e. revise each and every topic in your first revision and mark the same type of questions so that your precious time won’t get wasted in solving similar questions again. At the second revision try to complete a single question for each type and mark questions for your third revision which seems to be tough, important, and needed one more revision. At your last and third revision, read the concepts and solve only those questions which you think need one more revision.

Maintain a Healthy Lifestyle

Long hours of studying can have an adverse impact on both health and concentration; to make sure you remain focused and productive for as long as possible, it’s important that you get enough sleep, consume a balanced diet and engage in regular physical activity. Your physical and mental well-being should be excellent for acing the CA Foundation exams.

 

50+ CA Inter Costing MCQs (New Syllabus 2024) : Standard Costing

CA Intermediate Costing/Cost and Management Accounting Exams

Standard Costing - 50+ Free Past Years MCQs and Objectives 2024 New Syllabus

1) The budgeted fixed overheads for a budgeted production of 10,000 units is Rs.20,000. For a certain period the actual production was 11,000 units and actual expenditure Rs.24,000. The volume variance is —
a) Rs.2,000(F)
b) Rs.4,000(A)
c) Rs.2,000(A)
d) Rs.4,000(F)

2) Which of the following is a method used in analysing financial statements —
a) Variance analysis
b) Trend analysis
c) Break-even analysis
d) Budget analysis.

3) The capacity variance is Rs.52,000 (F), calender variance is Rs.24,064 (A). The volume variance will be —
a) Rs.27,936 (F)
b) Rs.76,064 (A)
c) Rs.27,936 (A)
d) Rs.76,064 (F).

4) Material usage variance can be calculated using the formula —
a) (Standard quantity for actual output – Actual quantity) × Actual price
b) (Standard quantity for actual output – Actual quantity) × Standard price
c) (Standard price – Actual price) × Actual quantity
d) (Standard price – Actual price) × Standard quantity.

5) A chemical is manufactured by combining two standard items Input-X (Standard price Rs.60/kg) and Input-Y (Rs.45/kg) in the ratio 60%:40%. Ten percent of input is lost during processing. If during a month 1,200 Kgs. of chemical is produced incurring a total cost of Rs.69,600, the total material cost variance will be —
a) Rs.2,000(F)
b) Rs.2,400(A)
c) Rs.2,400(F)
d) Rs.3,000(A).

6) Standard hourly rate is Rs.5 per hour and actual rate Rs.4.50 per hour. The labour rate variance is 1,500(F). The actual labour hours worked is —
a) 1,500 Hours
b) 7,500 Hours
c) 3,000 Hours
d) 6,750 Hours.

7) Volume variance is sub-divided into —
a) Efficiency variance and capacity variance
b) Efficiency variance, capacity variance and calendar variance
c) Expenditure variance and efficiency variance
d) Expenditure variance, capacity variance and calendar variance.

8) The standard hourly rate is Rs.5 per hour and actual rate Rs.4.50 per hour. If the labour rate variance is Rs.1,500(F), the actual labour hours worked is —
a) 1,500 hours
b) 7,500 hours
c) 3,000 hours
d) 6,750 hours.

9) Which of the following is not a method of segregating semi-variable costs into fixed and variable costs —
a) Least squares method
b) High and low points method
c) Standard cost method
d) Comparison by level of activity method.

10) Under standard cost system the cost of the product determined at the beginning of production is its:
a) Direct cost
b) Pre-determined cost
c) Historical cost
d) Actual cost

11) The deviations between actual and standard cost is known as:
a) Multiple analysis
b) Variable cost analysis
c) Variance analysis
d) Linear trend analysis

12) The standard which is attainable under favourable conditions is:
a) Theoretical standard
b) Expected standard
c) Normal standard
d) Basic standard

13) The standard most suitable from cost control point of view is:
a) Normal standard
b) Theoretical standard
c) Expected standard
d) Basic standard

14) Overhead cost variances are:
a) The difference between overheads recovered on actual output – actual overhead incurred.
b) The difference between budgeted overhead cost and actual overhead cost.
c) Obtained by multiplying standard overhead absorption rate with the difference between standard hours for actual output and actual hours worked.
d) None of the above

15) Which of the following variance arises when more than one material is used in the manufacture of a product:
a) Material price variance
b) Material usage variance
c) Material yield variance
d) Material mix variance

16) If standard hours for 100 units of output are 400 @ Rs. 2 per hour and actual hours take are 380 @ Rs. 2.25 per, then the labour rate variance is:
a) Rs. 95 (adverse)
b) Rs. 100 (adverse)
c) Rs. 25 (favourable)
d) Rs. 120 (adverse)

17) Controllable variances are best disposed-off by transferring to:
a) Cost of goods sold
b) Cost of goods sold and inventories
c) Inventories of work–in–progress and finished goods
d) Costing profit and loss account

18) Idle time variance is obtained by multiplying:
a) The difference between standard and actual hours by the actual rate of labour per hour
b) The difference between actual labour hours paid and actual labour hours worked by the standard rate
c) The difference between standard and actual hours by the standard rate of labour per hour
d) None of the above.

19) Basic standards are:
a) Those standards, which require high degree of efficiency and performance.
b) Average standards and are useful in long term planning.
c) Standards, which can be attained or achieved
d) Assumed to remain unchanged for a long time.

20) Which of the following variance always shows adverse result?
a) Material mix variance
b) Material yield variance
c) Labour idle time variance
d) Labour gang variance

21) The following information is given :
Standard time 50 hours @ Rs. 60 per hour
Actual wages paid Rs. 3080 @ 55 per hour
Actual time worked 53 hours during the period

Idle time variance will be :
a) Rs. 165 (F)
b) Rs. 165 (A)
c) Rs. 174.34 (A)
d) Rs. 180 (A)

Answer the following questions (22-24) with the given information:
Standard quantity 1200 kg. for output of 1080 kg.
Standard price Rs. 20 per kg.
Material purchased : 1250 kg. at 26,250
Opening and closing Stock of material 200 kg. and 350 kg.
Actual output 1026 kg.

22) The material cost variance will be:
a) Rs. 900 (F)
b) Rs. 2,250 (A)
c) Rs. 300 (A)
d) Rs. 5,400 (A)

23) The Material Usage Variance will be :
a) Rs. 2,000 (F)
b) Rs. 1,000 (A)
c) Rs. 2,000 (A)
d) Rs. 800 (F)

24) The Material Price Variance will be
a) Rs. 1400 (A)
b) Rs. 1250 (F)
c) Rs. 1250 (A)
d) Rs. 1100 (A)

25) The following information is relating to variable overheads of a company :
Budgeted production for May, 2021 45000 units
Budgeted variable overhead Rs. 1,17,000
Standard time for one unit 2 hours
Actual production for May, 2021 37,500 units
Actual hours worked 67500 hours
Actual variable overhead Rs. 1,05,000

The Variable Overhead Expenditure Variance will be :
a) Rs. 17,250 (A)
b) Rs. 9,750 (F)
c) Rs. 7,500 (A)
d) Rs. 17,250 (F)

26) Overhead cost variance is Rs. 9,000 (A), Overhead expenditure variance is Rs. 2,000 and overhead efficiency variance is Rs. 3,000 (F). In this case, overhead capacity variance is :
a) Rs. 11,000 (A)
b) Rs. 8,000 (A)
c) Rs. 1,000 (F)
d) Rs. 10,000 (A)

27) The following are relating to Job No. 102 :
Standard hours planned 40.0
Actual hours worked 36.5
Standard wage rate Rs. 2.60
Actual wage rate Rs. 2.95
Assume that there is no idle time.
The total labour efficiency variance for Job No. 102 is
a) Rs. 10.32 (F)
b) Rs. 9.10 (F)
c) Rs. 14.00 (A)
d) Rs. 12.77 (A)

28) Material yield variance = …………………
a) Material mix variance – Material usage variance
b) Material usage variance – Material mix variance
c) Material usage variance – Material price variance
d) Material mix variance – Material price variance

29) In a manufacturing firm, the standard quantity of material was set at 10 kg and standard price was fixed at Rs. 2 per kg. The actual quantity consumed was 12 kg and the actual price paid was Rs. 1.90 per kg. Calculate material usage variance.
a) Rs. 4 favourable
b) Rs. 4 unfavourable
c) Rs. 2.80 unfavourable
d) Rs. 1.20 favourable

Examine the following relating to Job No. 100 :
Standard hours planned 104.50
Actual hours worked 101.25
Standard wage rate Rs. 5.15
Actual wage rate Rs. 5.25

30) The total labour cost variance for Job No. 100 is ……………….
a) Rs. 6.61 (F)
b) Rs. 6.61 (A)
c) Rs. 10.12 (F)
d) Rs. 10.12 (A)

31) Which of the following is not a reason for an idle time variance ?
a) Wage rate increase
b) Machine break-down
c) Injury to worker
d) Non-availability of material
32) The standard material required to produce one unit of product Z is 5 kgs and the standard price per kg of material is Rs. 30. The Cost Accounts show that 16,000 kgs of material were used for producing 3,000 units. If the material cost variance is Rs. 70,000 unfavourable, the actual price per kg of material is :
a) Rs. 27.50
b) Rs. 29.33
c) Rs. 32.50
d) Rs. 34.67

33) Material Y is used to produce a toy. It is budgeted that each toy will require 4 kgs of material @ Rs. 9 per kg. During a month 1,000 pieces of toys were produced using 4,200 kgs of material purchased at Rs. 50,400. The material price variance is:
a) Rs. 12,600 (A)
b) Rs. 15,000 (A)
c) Rs. 12,600 (F)
d) Rs. 12,000 (A)

34) You are given the following data:
Standard Actual
Material P 7 kg @ Rs. 3 880 kg @ Rs. 3.10
Material Q 3 kg @ Rs. 5 320 kg @ Rs. 4.90
The material mix variance would be:
a) Rs. 120 (A)
b) Rs. 320 (F)
c) Rs. 80 (F)
d) Rs. 80 (A)

35) Following data is given:
Gross Direct Wages Rs. 15,000
Standard hours produced 7600
Standard Rate per hour Rs. 2.10
Actual hours paid @ Rs. 2.40 are 7500, out of which hours not worked (abnormal idle time) are 75 Hours. Labour efficiency variance is :
a) Rs. 240 (A)
b) Rs. 210 (F)
c) Rs. 367.50 (F)
d) Rs. 420 (F)

The records of a manufacturing company reveals the following information :
Budgeted production for Dec. 400 units
Budgeted variable overhead Rs. 8,000
Standard time for one unit 25 hours
Actual production for Dec. 300 units
Actual hours worked 7600 hours
Actual variable overhead Rs. 6,840

36) Variable Overhead Expenditure Variance is :
a) Rs. 760 (A)
b) Rs. 840 (A)
c) Rs. 1,600 (A)
d) Rs. 1,160 (F)

37) You are given the following data :
Standard fixed overhead rate per hour Rs. 5
Actual fixed cost Rs. 1,00,000
Standard production 19,000 units
Actual production 20,000 units
What will be the Fixed Overhead Efficiency Variance?
a) Rs. 5,000 (A)
b) Rs. 5,000 (F)
c) Rs. 10,000 (A)
d) Rs. NIL

38) Which of the followings is not a cause of ‘Material Usage Variance’ ?
a) Lack of due care in the use of materials
b) Defective production necessitating additional materials for correction
c) Abnormal wastage due to pilferage
d) Purchase of material in Economic Order Quantity

39) The following data obtained from the cost records of CS Limited :
Item Standard Actual
Output in units 40,000 50,000
Hours worked 2,500 2,400
Fixed Overheads Rs. 6,00,000 Rs. 9,00,000
Fixed Overhead Volume Variance will be :
a) Rs. 1,20,000 (F)
b) Rs. 3,00,000 (A)
c) Rs. 1,50,000 (F)
d) Rs. 1,50,000 (A)

Answer Key

  1. a) Rs.2,000(F)
  2. b) Trend analysis
  3. a) Rs.27,936 (F)
  4. b) (Standard quantity for actual output – Actual quantity) × Standard price
  5. c) Rs.2,400(F)
  6. c) 3,000 Hours
  7. b) Efficiency variance, capacity variance and calendar variance
  8. c) 3,000 hours
  9. c) Standard cost method
  10. b) Pre-determined cost
  11. c) Variance analysis
  12. a) Theoretical standard
  13. c) Expected standard
  14. a) The difference between overheads recovered on actual output – actual overhead incurred.
  15. d) Material mix variance
  16. a) Rs. 95 (adverse)
  17. d) Costing profit and loss account
  18. b) The difference between actual labour hours paid and actual labour hours worked by the standard rate
  19. d) Assumed to remain unchanged for a long time.
  20. c) Labour idle time variance
  21. d) Rs. 180 (A)
  22. c) Rs. 300 (A)
  23. d) Rs. 800 (F)
  24. d) Rs. 1100 (A)
  25. a) Rs. 17,250 (A)
  26. d) Rs. 10,000 (A)
  27. b) Rs. 9.10 (F)
  28. b) Material usage variance – Material mix variance
  29. b) Rs. 4 unfavourable
  30. a) Rs. 6.61 (F)
  31. a) Wage rate increase
  32. c) Rs. 32.50
  33. a) Rs. 12,600 (A)
  34. c) Rs. 80 (F)
  35. c) Rs. 367.50 (F)
  36. a) Rs. 760 (A)
  37. b) Rs. 5,000 (F)
  38. d) Purchase of material in Economic Order Quantity
  39. c) Rs. 1,50,000 (F)

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ICAI CA Foundation Syllabus, Exams Pattern 2024

Chartered Accountancy Course

Chartered Accountancy (CA) Course is one of the most preferred Professional Course for Commerce Students. Students of other Stream may also pursue this Course. CA Course is conducted by ICAI (Institute of Chartered Accountants of India) which is regulated by MCA (Ministry of Corporate Affairs of India).

Stages in CA Course

There are total three Stages in Chartered Accountancy Course.

  • CA Foundation
  • CA Intermediate
  • CA Final

Eligibility to appear in CA Foundation December 2024 Exams

A student after passing 10th Class may register for  CA Foundation Course. But he may appear in the CA Foundation Exams only after appearing in 12th Exams. 

Important points to Note for CA Foundation Exams

  • Student from all streams i.e Arts, Science or Commerce may join CA Course.
  • There is no minimum pass percentage in 12th required for CA Foundation.
  • CA Foundation Exams are held twice in a year i.e June & December.

CA Foundation Registration Fee as Per ICAI New Syllabus 2024

CA Foundation Registration Fee for December 2024 Exams is Rs. 9,000.

 Fee Exemptions:

  • Candidates from Union Territories of Jammu, Kashmir and Ladakh, North East States were given 75% concession in Registration Course Fee for Foundation (Rs 2250) level if they registered between  September 20, 2019 and March 31, 2022. The concession has now been extended from April 1, 2022 till March 31, 2025 and this concession is also applicable for Candidates from Andaman and Nicobar Islands registering from April 1, 2022 till 31st March, 2025.
  • Wards of deceased members have been given 75% concession in Registration Course Fee for Foundation (Rs 2250) level applicable from April 1, 2022

 Important point to Note:

  • There will be separate Examination Charges.
  • A student is required to pay Rs. 1,500 for as examination charges before the Exams on or before last date announced by ICAI. 

CA Foundation Subjects for December 2024

Paper Number Paper Name Marks
Paper 1 Accounting  100 Marks
Paper 2 Business Laws 100 Marks
Paper 3 Quantitative Aptitude Business Mathematics – 40 Marks, Logical Reasoning – 20 Marks, Statistics – 40 Marks
Paper 4 Business Economics  100 Marks

CA Foundation Paper-1 Accounting for December 2024 Exams

Contents

  1. Theoretical Framework

  • Meaning and Scope of Accounting
  • Accounting concepts, principles and
  • Capital and revenue expenditure, capital and revenue receipts, contingent assets and
  • Accounting
  • Accounting as    a    measurement     discipline    –    valuation    principles, accounting Accounting Standards – concepts and objectives.

2.  Accounting Process

  • Recording accounting transactions: principles of double entry book- keeping, books of original entry – journal, subsidiary books, cash book, ledger-format, posting from journal and subsidiary books, balancing of
  • Preparation of trial
  • Rectification of Errors

3.  Bank Reconciliation Statement

  • Introduction, reasons and preparation of bank reconciliation statement.

4. Inventories

Meaning, basis and technique of inventory valuation, cost of inventory, net realizable value and record system.

5. Depreciation and Amortization

  • Tangible  and  intangible  assets-Meaning  and  difference,  concepts,
  • Methods of computation and accounting treatment of depreciation  /  amortization, change in depreciation method.

6.   Bills of exchange and Promissory notes

  • Meaning of bills of exchange and promissory notes and
  • Their accounting treatment; accommodation bills

 

7. Preparation of Final accounts of Sole Proprietors

Elements of financial statements, closing adjustment entries, trading account, profit and loss account and balance sheet of manufacturing and non- manufacturing entities.

8.            Financial Statements of Not-for-Profit Organizations

  • Significance and preparation of receipt and payment account, income and expenditure account and balance sheet,
  • Difference between profit and loss account and income and expenditure account.

9.  Accounts from Incomplete Records (excluding preparation of accounts based on ratios).

10. Partnership and LLP Accounts

  • Final accounts of partnership firms and
  • Admission, retirement and death of a partner including treatment of
  • Dissolution of partnership firms and LLPs  including  piecemeal distribution

11.  Company Accounts

  • Definition of shares and
  • Issue of shares and debentures, forfeiture of shares, re-issue of forfeited
  • Redemption of preference shares and debentures (excluding purchase and redemption of own debentures and sinking fund method).
  • Accounting for bonus issue and right issue.

CA Foundation Paper-2 Business Laws Syllabus (New Syllabus ) for December 2024 Exams

Contents

  1. Indian Regulatory Framework

  • Major Regulatory Bodies such as Ministry of Finance,
  • Ministry of Corporate Affairs,
  • SEBI, RBI, IBBI, Ministry of Law and Justice, etc.

2.  The Indian Contract Act, 1872

  • General nature of contract, Consideration,
  • Other essential elements of a valid contract,
  • Performance of contract, Breach of contract,
  • Contingent and Quasi Contract,
  • Contract of Indemnity and Guarantee,
  • Contract of  Bailment  and Pledge,
  • Contract of Agency.

3.  The Sale of Goods Act, 1930

  • Formation of the contract of sale,
  • Conditions and Warranties,
  • Transfer of ownership and Delivery of goods,
  • Unpaid seller and his rights.

4.  The Indian Partnership Act, 1932

  • General Nature of Partnership,
  • Rights and Duties of partners,
  • Reconstitution of firms,
  • Registration and Dissolution of a firm.

5.  The Limited Liability Partnership Act, 2008

  • Introduction-covering nature and scope,
  • Essential  features,
  • Characteristics  of LLP,
  • Incorporation and Differences with other forms of organizations.

6.   The Companies Act, 2013

  • Essential features of company,
  • Corporate veil theory,
  • Classes  of  companies,
  • Types of share capital,
  • Incorporation of company,
  • Memorandum of Association,
  • Articles of Association,
  • Doctrine of Indoor Management.

7.    The Negotiable Instruments Act, 1881

  • Meaning of Negotiable Instruments,
  • Characteristics, Classification of Instruments,
  • Different provisions relating to Negotiation,
  • Presentment of Instruments,
  • Rules of Compensation.

CA Foundation Paper-3 Quantitative Aptitude Syllabus (New Syllabus ) for December 2024 Exams

Contents

The whole syllabus of Quantitative Aptitude shall be divided into three broad areas:

  •  
       
  • Business Mathematics
  •      Logical Reasoning
  •      Statistics

 

PART A: BUSINESS MATHEMATICS (40 MARKS)

 

  1. Ratio and proportion, Indices and Logarithms: Ratio and proportion and Time and work-relatedproblems, Laws of Indices, Exponents and Logarithms and Anti
  2. Equations: Equations: Linear Simultaneous linear equations up to three variables, Quadratic and Cubicequations in one Applications in Business related problems.
  3. Linear Inequalities: Linear Inequalities: Linear Inequalities in one and two variables
  4. Mathematics of Finance:

  • Simple Interest
  • Compound interest
  • Nominal and Effective Rate of Interest
  • Present Value
  • Net Present Value
  • Future Value
  • Perpetuity
  • Annuities
  • Sinking Funds
  • Calculating of EMI
  • Calculations of Returns: Nominal and Effective rate of Return
  • Compound Annual growth rate (CAGR)

 

  1. Permutations and Combinations:

  • Basic concepts of Permutations and combinations:
  • Introduction,
  • the factorial,
  • permutations,
  • results,
  • circular permutations,
  • permutations with restrictions,
  • Combinations with standard

6. Sequence and Series: Introduction Sequences, Series, Arithmetic and Geometric progression, Relationship between AM and GM and Sum of n terms of special series and Business

7.  Sets, Relations, and Functions. Basics of Limits and Continuity functions.

8. Basic applications of Differential and Integral calculus in Business and Economics (Excluding thetrigonometric applications).

 

PART B: LOGICAL REASONING (20 MARKS)

 

9.  Number series coding and Decoding and odd man out

10. Direction Tests

11.  Seating Arrangements

12. Blood Relations

 

PART C: STATISTICS (40 MARKS)

 

  1. Unit 1: Statistical Representation of Data:

  • Diagrammatic representation of data,
  • Frequency distribution,
  • Graphical representation of Frequency Distribution –
  • Histogram, Frequency Polygon, Ogive,Pie-chart.
  • Unit:2 Sampling: Basic principles of sampling theory, comparison between sample survey and complete enumeration, some important terms associated sampling types of sampling, sampling andnon-sampling errors.

  1. Measures of Central tendency and Dispersion: Measures of Central Tendency and Dispersion: Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Co-efficient of Variation, Coefficient of Quartile
  2. Probability: Independent and dependent events; mutually exclusive events. Total and Compound Probability and Bayes’ theorem.
  3. Theoretical Distributions: Random variables, Discrete and Continuous Random variables, Expectation of a discrete random variable, Theoretical Distributions: Binomial Distribution, Poisson distribution – basic application and Normal Distribution – basic applications.
  4. Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations, Regression
  5. Index Numbers: Uses of Index Numbers, Problems involved in construction of Index Numbers, Methods of construction of Index Numbers. BSE SENSEX and NSE

CA Foundation Paper-4 Business Economics Syllabus (New Syllabus ) for December 2024 Exams

Contents

  1. Introduction to Business Economics

  • Meaning and scope of Business Economics.
  • Basic Problems of an Economy and Role of Price Mechanism.

2.            Theory of Demand and Supply

  • Meaning and Determinants of Demand, Law of Demand and Elasticity of Demand – Price, Income and Cross Elasticity.
  • Theory of Consumer’s Behavior –Indifference Curve approach.
  • Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply, Market Equilibrium andSocial Efficiency.

3.            Theory of Production and Cost

  • Meaning and Factors of Production, Short Run and Long Run.
  • Law of Production – The Law of Variable Proportions and Laws of Returns to Scale,
  • Producer’s Equilibrium.
  • Concepts of Costs – Short-run and long-run costs, Average and  Marginal Costs, Total, Fixed and Variable Costs.

4.            Price Determination in Different Markets

  • Market Structures: Perfect Competition, Monopoly and Monopolistic Competition. Using Game Theory tostudy Oligopoly.
  • Price Determination in these Markets.
  • Price- Output Determination under different Market Forms.

5.            Determination of National Income

  • Macro Economic Aggregates and Measurement of National
  • Determination of National Income: Keynes’ Two Sector Basic Model, Three Sectors and Four

6.            Business Cycles

  • Meaning
  • Phases
  • Features
  • Causes behind these Cycles

7.            Public Finance

  1. Fiscal functions: An Overview, Centre and State
  2. Market Failure/ Government intervention to correct market
  3. Process of    budget     making:     Sources     of    Revenue,     Expenditure Management, and Management ofPublic
  4. Fiscal

8.            Money Market

  1. Concept of Money
  2. Important theories of Demand for
  3. Concept of Money Supply, Cryptocurrency and other new
  4. Monetary

9.            International Trade

  1. Theories of International Trade including theories of intra-industry trade by
  2. Trade Policy – The Instruments of Trade
  3. Trade
  4. Exchange Rates and its economic
  5. International Capital Movements: Foreign Direct
  1. Indian Economy (Before 1950- Chanakya and Nand Vansh, OECD Paper (1950- 1991), Basic knowledge1991

Mode of CA Foundation December 2024 Exams whether Online or Offline?

CA Foundation Exams are held in Offline Mode. It means student has to appear in the Exams at the examination centre allotted by ICAI.

CA Foundation Exams Pattern for December 2024 Exams

  • Paper 1 & Paper 2 are held in Subjective Mode. 
  • But Paper 3 & Paper 4 are  in MCQ (Multiple Choice Questions) Form.
  • A student shall be allotted 3 hours each to attempt Paper 1 & Paper 2.
  • A student shall be allotted 2 hours each to attempt Paper 3 & Paper 4.
  • There is negative marking of 0.25 Marks for each wrong Answer in CA Foundation Paper 3 & 4.
  • All Exams are held on Alternate Days i.e not on single day but on different days.

Last Date for CA Foundation Registration for December 2024 Exams

Exams Attempt Last Date to Register/Enroll
December, 2024 1st August, 2024

CA Foundation Preparation

CA Foundation Live Online Classes

CA Foundation December 2024 Exams Syllabus Full Details as Per New Syllabus

Is CA Foundation Easy?

Mostly students think that CA Foundation is completely based on 11th and 12th Commerce Syllabus, which is partially True. CA Foundation is not so easy, it requires hard work, regular study with consistency. So even an average student may clear CA Foundation if he/she puts proper efforts with consistency.

How to prepare for CA Foundation December, 2024

There are multiple ways to prepare for CA Foundation Exams. A student may do self study or he may join Coaching Classes.

If a student is willing to join Classes, we at KCC Tutorials provides coaching in all forms i.e Recorded Lectures with Doubt Sessions and Test Series, Live Online Classes. So a student may study anytime and anywhere at his  convenience.

CA Foundation Classes for December 2024 Exams

We at KCC provide Best Quality Video Lectures at reasonable Prices. Queries are taken on Regular Basis via Whatsapp, Zoom etc.

To Buy Video Lectures, Click here 

We Provide Live Online Zoom Classes on Regular Basis.

Features of the Classes:

# Timely Completion of Syllabus

# Regular Test Series

# Fast Track Revision before Exams

# Recorded Lectures for Back-up purpose

Whatsapp at 98147-62054 for Admission Enquiry.

KCC Tutorials Classes for CA Course

We at KCC provide Specialized Coaching Classes for Chartered Accountancy Course.

Features of Our CA Course Classes:

  • Our Own Notes for Each Subject Available
  • Regular Test Series
  • Past years Questions Papers covered in Revision
  • Video Lectures for each Subject available
  • Live Online Zoom Classes available 
  • Face to Face Classes available in Ludhiana (Punjab) Only

Mode of Classes

We at KCC provide Classes for CA Foundation, CA Intermediate in the following Modes:

  • Video Lectures/Pen Drive Classes
  • Live Online Classes
  • Face to Face Classes at Ludhiana, Punjab Institute

CA Foundation Frequently asked Questions?

Q. What are CA Foundation Exams Date for June, 2024?

Ans. CA Foundation Exams for June, 2024 shall be held on 14th June, 16th June, 18th June and 20th June.

Q. What are the subjects in CA Foundation for June, 2024 and December, 2024 Exams?

Ans There are 4 subjects in CA Foundation for June, 2024 and December, 2024 Exams 

  1. Accounting
  2. Business Laws
  3. Quantitative Aptitude
  4. Business Economics

 

Q. Does KCC provide Online Coaching for CA Foundation Exams?

Ans. Yes, we at KCC Tutorials provides coaching for CA Foundation All subjects with Test Series at very reasonable Prices.

 

Q. How may I contact KCC Tutorials?

Ans. A student may whatsapp or call at 98147-62054 regarding Classes and Discount Offers.

 

Q. What is pass percentage of CA Foundation Exams by ICAI?

Ans. Pass Percentage of CA Foundation remains between 25% to 35% usually. 

Q. What is the Registration Fee for CA Foundation December, 2024 Exams?

Ans. Registration Fee for CA Foundation is Rs. 9,000.

 

Q. What is the Examination Fee for CA Foundation for December, 2024 Exams?

Ans. Examination Fee for CA Foundation is Rs, 1,500.

 

Q. Is CA Foundation difficult?

Ans. CA Foundation is neither very easy nor very difficult. It required hard work with consistency. 

 

Q. Can an average student may clear CA Foundation?

Ans. Yes, even an average student may clear CA Foundation if he works hard and studies regularly.

Q. What are the Best Notes for CA Foundation?

Ans. If you are doing Self-study then it is the best to study from ICAI Study Material. If you take Coaching from us, then we provide Our Own Notes which covers 100% syllabus of ICAI and specially our notes cover RTP, MTP and Past years Suggested Questions Answers as well

 

Q. Who teaches CA Foundation at KCC Tutorials?

Ans. Accounting and Business Economics subjects are taught by Sandeep Arora Sir, he is considered one of the Best Teacher for Accounting and Business Economics in India. Jagdeep Arora Sir teaches Business Laws, he is called Law Maestro due to his in-depth knowledge of Law Subjects. Quantitative Aptitude is taught by Neha Ma’am she teaches the subject with great concept clarity so even an average student may understand this difficult subject in a best possible manner and get good marks.

Q. What are Dates for CA Foundation December, 2024 Exams?

Ans. To be Updated 

Q. Is is possible to clear CA Foundation Exams with Self-study?

Ans. It depends upon a student whether he feels need for Classes or not. If a student feels some difficulty in any subject then it is much better to take coaching rather than taking risk.

Q. Can a student join CA Foundation after 10th ?

Ans. Yes, a student may enroll for CA Foundation with ICAI after 10th but he may appear in CA Foundation Exams only after appearing in 12th Standard Exams.

 

Q. What is eligibility criteria for CA Foundation December, 2024 Exams?

Ans.

The CA Foundation eligibility criteria on educational qualifications as set by the ICAI are as follows: 

  • If you’ve successfully completed your Class 10 exams from a state or central government board, or an equivalent exam, you’re eligible to apply for the CA Foundation exam. However, your admission will initially be provisional and will be confirmed after clearing the Class 12 exams.
  • If you are currently in Class 12 or have already completed the exams, you are eligible to register for the CA Foundation exam.
  • Candidates who have obtained a minimum of 50 percent marks in Class 12 are also eligible to register for the CA Foundation exam.

Q. Is there any age limit for joining CA Course?

Ans. No, there is no age limit to enter Chartered Accountancy Course. 

Q. Who is exempted from appearing in CA Foundation Exams?

Ans.

There are some exemptions from the CA foundation. Following candidates will be allowed to take entry directly into the CA Intermediate course. The criteria for candidates getting exemptions from the CA Foundation 2024 exam are below.

  • UG and PG Candidates: Candidates who have scored an aggregate of 55% marks in graduation or post-graduation degree in commerce stream from any recognized university will be exempted from CA Foundation 2024.
  • NIOS candidates: Candidates who have completed their undergraduate or postgraduate courses from an open university are not required to appear for the CA Foundation 2024 Exam.
  • Non-commerce candidates: Candidates who have received Bachelor’s or Master’s degrees in a stream other than commerce from a recognized University and have secured a minimum of 60% marks in aggregate need not appear for the CA Foundation 2024  Exam.

Q. Can a candidate from a non-commerce background register for CA Foundation exams 2024?

Ans. A candidate who has scored 60% marks in the bachelor’s or master’s degree in a discipline other than commerce can get admission directly into the CA intermediate course without appearing for the CA foundation exam. 

Q. What is the last Date for Registration for CA Foundation December, 2024 Exams?

Ans. 1st July, 2024 is the last Date for Registration for CA Foundation December, 2024 Exams.

Q. What are the minimum qualifying marks requirement in the class 12 exam for candidates applying for the CA foundation exam?

Ans. Candidates must secure at least 50% marks in the class 12 board exam to become eligible to apply for the CA foundation exam.

 

Q. What is the Passing Criteria for CA Foundation December, 2024 Exams?

Ans. Passing Criteria for CA Foundation December, 2024 is minimum 40 Marks in each subject and 50% Marks in aggregate. It simply means a student needs to get at least 200 Marks in aggregate out of 400 Marks and 40 Marks in each subject.

Q. How many months are required to clear in CA Foundation Exams?

Ans. At least 4 Months are required to prepare for CA Foundation Exams in a proper manner. It also depends upon a student’s ability to grasp concepts and his basic understanding of the subjects.

 

Q. Does writing and presentation matters in CA Foundation Subjects?

Ans. Two subjects i.e Accounting and Business Laws are subjective and other two are objective i.e MCQ Based. So in the Accounting and Business laws paper Writing and presentation matters. If you are able to write answer in a clear way with working notes then definitely it fetch you good marks.

 

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CA Course Details after 12th & After Graduation in 2024- KCC Tutorials

Complete CA Course Details - 2024

Introduction to CA Course

Chartered Accountancy Course

Chartered Accountancy (CA) Course is one of the most preferred Professional Course for Commerce Students. Students of other Stream may also pursue this Course. CA Course is conducted by ICAI (Institute of Chartered Accountants of India) which is regulated by MCA (Ministry of Corporate Affairs of India).

Stages in CA Course

There are total three Stages in Chartered Accountancy Course.

  • CA Foundation
  • CA Intermediate
  • CA Final

Eligibility to appear in CA Foundation Exams

A student after passing 10th Class may join CA Foundation Course. But he may appear in the CA Foundation Exams only after appearing in 12th Exams. 

Important points to Note for CA Foundation Exams

  • Student from all streams i.e Arts, Science or Commerce may join CA Course.
  • There is no minimum pass percentage in 12th required for CA Foundation.
  • CA Foundation Exams are held twice in a year i.e May & November.

CA Foundation Registration Fee

CA Foundation Registration Fee is Rs. 9,000. 

Important point to Note:

  • There will be separate Examination Charges.
  • A student is required to pay Rs. 1,500 for as examination charges before the Exams on or before last date announced by ICAI. 

CA Foundation Syllabus

Paper Number Paper Name Marks
Paper 1 Accounting  100 Marks
Paper 2 Business Laws 100 Marks
Paper 3 Quantitative Aptitude Business Mathematics – 40 Marks, Logical Reasoning – 20 Marks, Statistics – 40 Marks
Paper 4 Business Economics  100 Marks

 

Mode of CA Foundation Exams whether Online or Offline?

CA Foundation Exams are held in Offline Mode. It means student has to appear in the Exams at the examination centre allotted by ICAI.

CA Foundation Exams Pattern

  • Paper 1 & Paper 2 are held in Subjective Mode. 
  • But Paper 3 & Paper 4 are  in MCQ (Multiple Choice Questions) Form.
  • A student shall be allotted 3 hours each to attempt Paper 1 & Paper 2.
  • A student shall be allotted 2 hours each to attempt Paper 3 & Paper 4.
  • There is negative marking of 0.25 Marks for each wrong Answer in CA Foundation Paper 3 & 4.
  • All Exams are held on Alternate Days i.e not on single day but on different days.

Last Date for CA Foundation Registration

Exams Attempt Last Date to Register/Enroll
June, 2024 1st February, 2024
December, 2024 1st August, 2024

CA Foundation Preparation

CA Foundation Live Online Classes

CA Intermediate Direct Entry Route

Following types of students may join directly for CA Intermediate without CA Foundation

  • Commerce Graduates/Post-Graduates (having minimum 55% Marks) 
  • Other Graduates/Post-Graduates (having minimum 60% Marks)
  • CS Executive Passed students
  • CMA Intermediate Passed Students

 

CA Inter Direct Entry Provisional Registration Nov, 2024 Exams

Students who are pursuing the Final Year Graduation/Post-Graduation Course shall be eligible for
provisional registration to the Intermediate Course which shall be confirmed only on submission of
satisfactory proof of having passed the graduation/postgraduation examination with the minimum marks as
mentioned above before making the application for admission to Intermediate Examination.

If the candidate fails to secure minimum marks as mentioned above before making the application for
admission to Intermediate Examination, his provisional registration shall be cancelled, no credit shall be given
for the theoretical education undergone and the Council may on receipt of an application from a candidate
who is unable to produce the satisfactory proof referred to in this regulation, permit refund of such amount of
registration and tuition fee, as may be decided by it from time to time.

Note: On submission of final year graduation/post-graduation mark sheets, with prescribed minimum marks,
the provisional registration will be confirmed

Training Requirements for appearing CA Intermediate Exams

To appear in CA Intermediate Exams through Direct Entry Route, there are following types trainings to be completed

  • Four Weeks Information Technology and Orientation Course (IT & OC)
  • Above IT & OC Course must be completed before commencement of Articleship Training.
  • Register for Practical Training of three years
  • Appear in Intermediate Examination on completion of 9 months of Practical Training on first day of the month in which the examination is to be held.

 

CA Intermediate Syllabus

Group 1 Subject Name Marks
Paper 1 Advanced Accounting  100
Paper 2 Corporate and Other Laws

Part I- Company Law and LLP Act – 70 Marks

Part II- Other Laws- 30 Marks

Paper 3 Taxation

Section A- Income Tax Law- 50 Marks

Section B- Goods and Services Tax- 50 Marks

Group 2 Subject Name Marks
Paper 4 Cost and Management Accounting

100 Marks

Paper 5 Auditing and Ethics

100 Marks

Paper 6 Financial Management and Strategic Management Section A – Financial Management- 50 Marks

Section B – Strategic Management- 50 Marks

CA Intermediate Mode of Exams

CA Intermediate Exams are held in offline Mode. It means a student is allotted an examination centre. 

CA Intermediate Registration Charges

Candidates through Foundation Route can opt for registration for Group 1 or Group 2 or Both Groups of Intermediate while Direct Entry Route candidates have to register for both the groups only. Payment of the fees is to be made as per the below chart:

 

Registration Options/Various Charges Both Groups Group I/II
Registration Fee 15000 11000
Students’ Activities Fee 2000 2000
Registration Fee as Articled Assistant 1000  
Total Fee 18000 13000

CA Final Syllabus

Group 1 Subject Name Marks
Paper 1 Financial Reporting  100 Marks
Paper 2 Advanced Financial Management

100 Marks

Paper 3 Advanced Auditing, Assurance and Professional Ethics 100 Marks
Group 2 Subject Name Marks
Paper 4 Direct Tax Laws and International Taxation

100 Marks

Paper 5 Indirect Tax Laws

Part I – Goods and Services Tax- 80 Marks

Part II – Customs and FTP – 20 Marks

Paper 6 Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management) 100 Marks

CA Final Registration Charges

Particulars  Charges (Rs.)
Registration Fee 22,000

Mode of CA Final Exams

CA Final Exams are held in offline Mode. It means a student is allotted an examination centre as per the choice of the student.

Medium of CA Exams

A CA Student has the option to choose English Medium or Hindi Medium.

Note: There is no other language in which exams can be written. Student may write the exams either in English or Hindi Language.

Duration of CA Course

After 12th – Minimum Duration of CA Course after 12th is 4.5 Years.

After Graduation i.e Direct Entry Route – Minimum Duration of CA Course through Direct Entry Route is 3 Years.

Total Cost of CA Course

 

Particulars Charges (Rs.)
CA Foundation Registration Charges 9,200
CA Foundation Examination Fee  1,500
CA Intermediate Registration Charges 18,000
CA Intermediate Examination Fee – Rs. 1,500 per Group (For Both Groups Jointly it is Rs. 2,700) 3,000
CA Final Registration Charges 22,000
CA Final Examination Fee – Rs. 1,800 per Group (For Both Group Jointly it is Rs. 3300) 3,600
Total Charges 57,300

After including all other costs like Information Technology and Orientation Course (ITOC) charges etc. Total Cost doesn’t exceed Rs. 80,000.

So in terms of cost, CA Course is one of the most affordable and most valuable Course in India. 

CA Intermediate Classes

We at KCC provide Best Quality Video Lectures at reasonable Prices. Queries are taken on Regular Basis via Whatsapp, Zoom etc.

To Buy Video Lectures, Click here 

We Provide Live Online Zoom Classes on Regular Basis.

Features of the Classes:

# Timely Completion of Syllabus

# Regular Test Series

# Fast Track Revision before Exams

# Recorded Lectures for Back-up purpose

Whatsapp at 98147-62054 for Admission Enquiry.

 

Duration of Articleship Training in CA Course

Duration of Articleship Training in CA Course is 3 years. It is same in Foundation Route and Direct Entry Route.

KCC Tutorials Classes for CA Course

We at KCC provide Specialized Coaching Classes for Chartered Accountancy Course.

Features of Our CA Course Classes:

  • Our Own Notes for Each Subject Available
  • Regular Test Series
  • Past years Questions Papers covered in Revision
  • Video Lectures for each Subject available
  • Live Online Zoom Classes available 
  • Face to Face Classes available in Ludhiana (Punjab) Only

Mode of Classes

We at KCC provide Classes for CA Foundation, CA Intermediate in the following Modes:

  • Video Lectures/Pen Drive Classes
  • Live Online Classes
  • Face to Face Classes at Ludhiana, Punjab Institute

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ICAI Exam dates for CA Foundation, Intermediate and Final for 2024

CA Foundation Exam Dates for June, 2024

Paper Name Exam Dates Exam Timings Duration
Paper 1 – Accounting June 14, 2024 2 pm to 5 pm 3 Hours
Paper 2 – Business Laws June 16, 2024 2 pm to 5 pm 3 Hours
Paper 3 – Quantitative Aptitude June 18 , 2024 2 pm to 4 pm 2 Hours
Paper 4 – Business Economics January 20, 2024 2 pm to 4 pm 2 Hours

CA Intermediate Exam Dates for June, 2024

Paper Name Exam Dates Exam Timings Duration
Advanced Accounting 2nd May, 2024 2 pm to 5 pm 3 Hours
Corporate & Other Laws 4th May, 2024 2 pm to 5 pm 3 Hours
Cost & Management Accounting 6th May, 2024 2 pm to 5 pm 3 Hours
Taxation 8th May, 2024 2 pm to 5 pm 3 Hours
Auditing & Code of Ethics 10th May, 2024 2 pm to 5 pm 3 Hours
Financial & Strategic Management 13th May, 2024 2 pm to 5 pm 3 Hours

All About Chartered Accountancy (CA) Course (FAQs)

CA course General FAQs

Q. What is Chartered Accountancy (CA) course?

Ans: Chartered Accountancy is a professional practice of accounting, auditing, taxation, and financial assessment for an individual or an organisation

Q. How many years is the CA course?

Ans: The CA course duration is between 4 to 5 years.

Q. What is the qualification for CA course?

Ans: The eligibility criteria for this course is graduation with 55% aggregate marks in commerce or 60% aggregate marks in non-commerce subjects or qualifying the first level. There are two groups of CA intermediate exams and you need to clear both the exams.

Q. Can I finish CA in 2 years?

Ans: Completing CA generally takes a minimum of 3 years. However, the duration may vary depending on individual circumstances, including the time taken to clear the exams and complete the required practical training.

Q. What is the age limit for CA?

Ans: There are no CA age limit restrictions for candidates who want to apply for the CA Foundation exam.

Q. How many attempts are there for CA?

Ans: Initial registration for Final Course is valid for 5 years (10 attempts as there are 2 exams in a year). After 5 years, a student should revalidate it for another 5 years. There is no limit to the number of attempts taken to clear a CA exam.

Q. Is Math compulsory for CA?

Ans: No, Mathematics is not compulsory for pursuing the Chartered Accountancy (CA) course in India.

Q. What is the total fees of CA course?

Ans: The CA Foundation course fees is Rs. 11,300. The CA Intermediate fees is Rs. 34,200 for both groups and Rs. 28,000 for a single group. Further, the CA Final course fee is Rs. 39,800 for both groups. Furthermore, the fee for the direct entry candidate is Rs. 76200, which includes the exam form fees and registration fees only.

Q. How much can CA earn?

Ans: The average annual salary of a CA in India ranges from 6-7 lakh rupees to 40 lakh rupees.

Q. What is minimum salary of CA in India?

Ans: The starting salary package of CA is Rs 6-9 LPA and those who have experience of 4-5 years, get a salary package of Rs 20 LPA and above.

Q. Who earns more CA or MBA?

Ans: The average salary of a CA is much higher than an MBA . The average salary of a CA is around INR 8.06 LPA while the salary of a MBA Graduate is around INR 4 L – 5 LPA.

Q. Can CA and B. Com be done together?

Ans: Yes. You can do B. Com and CA together. 

Q. When is the First Foundation Examination under New Scheme?

Ans: June 2024

Q. When is the First Intermediate and Final Examination under New Scheme?

Ans: May 2024

Q. When is the Last Foundation Examination under Old Scheme?

Ans: December 2023

Q. When is the Last Intermediate and Final Examination under Old Scheme?

Ans: November 2023

Q. How many levels does CA have?

Ans: Chartered accountancy Course has three levels – Foundation, Intermediate and Final including Self-Paced Online Modules.

CA Foundation FAQs

Q. What are the total marks of CA Foundation exam?

Ans: The CA Foundation exam is conducted for a total of 400 marks, with each paper carrying 100 marks. 

Q. How many years is the CA Foundation course?

Ans: The Foundation Course takes about 8 months to complete and focuses on developing your basic understanding of Accounting concepts and Finance

Q. Can I pass CA Foundation easily?

Ans: Passing the CA Foundation Exams opens the first doorway to the CA career. CA Foundation is the easiest of the three levels of the Chartered Accountancy course,

Q. What are the passing marks for CA Foundation?

Ans: You need 200 out of 400 to pass and atleast 40 marks in each exam.

Q. How can I study CA at home?

Ans: You can Study CA/CS at Home with KCC Tutorials On YouTube for free.

Q. How many hours to study for CA?

Ans: Daily study for 10 hours is good enough.

Q. How many hours is the CA Foundation exam?

Ans: 3 Hours for each subject.

Q. Is CA Foundation online or offline?

Ans: CA Foundation Examination is a Pen and Paper-based offline test.

Q. Can I study CA while doing job?

Ans: Yes, you can definitely pursue CA along with a full-time job. 

Q. When can I register for Foundation Course?

Ans: Candidates may register in Foundation Course after passing Class 10th Examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Q. What is the fee for Foundation Course?

Ans: Fee for Foundation Course is Rs.9,000/- which is to be paid at the time of registration. This fee is inclusive of Prospectus for CA Course and Study Material of Foundation Course.

Q. Where can I get the Prospectus for CA Course and Study Material of Foundation Course?

Ans: After successful registration in the Foundation Course, the student will receive an e-mail bearing the login credentials for ordering the Study Material through Centralized Distribution System (CDS) Portal. Prospectus for CA Course will be delivered to the student along with the Study Material, whenever ordered by the student.

Q. When will I get the Study Material of Foundation Course?

Ans: Study Material of Foundation Course will be available on the BoS Knowledge Portal at the link https://www.icai.org/post/new-scheme-of-education-and-training after the launch of the New Scheme of Education and Training on 1st July, 2023. Hard copy of the Study Material will be available for ordering on Centralized Distribution System (CDS) Portal upon confirmation of registration in Foundation Course.

Q. I have already registered in Foundation Course after passing Class 10th Examination and presently I am in Class 11. When I will be eligible for Foundation Examination and under which Scheme of Education and Training.

Ans: Your first attempt for Foundation Examination under New Scheme of Education and Training will be in June, 2025 after appearing in Class 12th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Q. I have already registered in Foundation Course and presently I am in Class 12. When I will be eligible for Foundation Examination and under which Scheme of Education and Training.

Ans: Your first attempt for Foundation Examination under New Scheme of Education and Training will be in June, 2024 after appearing in Class 12th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Q. When I can register in Foundation Course to become eligible for June/ December Foundation Examination.

Ans: You should be registered in Foundation Course with the Board of Studies of the Institute for a minimum period of four months on or before the 1st day of the month in which the examination is held. For example, you should be registered in Foundation Course on or before 1st February, 2024 for June, 2024 Foundation Examination and on or before 1st August, 2024 for December, 2024 Foundation Examination. Before appearing in the Foundation Examination, you should also have appeared in Class 12th Examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Q. Do I need to fill any separate form for appearing in Foundation Examination?

Ans: After registration in Foundation Course, you need to submit the online examination form for appearing in Foundation Examination. The examination form for June and December examination usually opens in the month of February and August respectively. ICAI makes an announcement when the examination forms open for the forthcoming examination. You are advised to visit the Institute’s website for announcements.

Q. What are the papers in Foundation Course?

Ans: There are 4 papers in Foundation Course which are as under:

Paper 1: Accounting (100 marks)

Paper 2: Business Laws (100 marks)

Paper 3: Quantitative Aptitude (100 marks)

  • Business Mathematics
  • Logical Reasoning
  • Statistics

Paper 4: Business Economics (100 marks)

Q. When are Foundation Examinations held?

Ans: Foundation Examinations are held twice a year in the months of June and December.

Q. What is the examination pattern in Foundation Examination?

Ans: Paper 1 & 2 are subjective type and Paper 3 & 4 are objective type.

Q. Is there negative marking in Foundation Examination?

Ans: Yes, there is negative marking of 0.25 mark for every wrong answer in objective type papers.

Q. What is the passing criteria for Foundation Examination?

Ans: A student is declared to have passed the Foundation examination, if he/she obtains at one sitting a minimum of 40% marks in each paper and a minimum of 50% marks in the aggregate of all the papers.

Q. What is the validity period of student’s registration in the Foundation Course?

Ans: The validity period for registration in the Foundation Course is for 4 years from the first eligible attempt in the Foundation Examination.

Q. Whether revalidation of registration is permitted at the Foundation level?

Ans: Revalidation is not permitted at the Foundation level.

CA Intermediate Course FAQs

Q. What is the intermediate level of CA course?

Ans: CA Intermediate or CA Inter is the second level of the Chartered Accountancy course. It consists of two groups of four subjects each. 

Q. Can I do CA Intermediate directly?

Ans: Graduates who are eligible for the direct entry scheme can register for the Intermediate level of the CA course at any time after they have graduated.

Q. What is the preparation time for CA Inter?

Ans: The ICAI provides students with 8 months of study time, which is sufficient for preparing for the CA Inter level exam

Q. What is the duration of CA Inter course?

Ans: The duration to complete the CA Intermediate course is 10 months. 

Q. Is Group 2 CA inter tough?

Ans: Yes, cracking the CA Intermediate Group 2 exams can be challenging.

Q. Is CA Inter equal to graduation?

Ans: Yes, a CA intermediate will be considered as a Bachelor’s equivalent or PG diploma 1 year or 2 year.

Q. Is 4 months enough to crack CA Inter?

Ans: Yes! It is possible to prepare well for both the groups in a time span of 4 months.

Q. How can I register for Intermediate Course?

Ans: A candidate can register in Intermediate Course through either of the following two routes – Foundation Route or Direct Entry Route

Q. What is the eligibility criteria for registering in Intermediate Course through Foundation Route?

Ans: Candidates after passing Foundation Examination and Class 12th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto, are eligible for registration to Intermediate Course through Foundation Route.

Q. What is the eligibility criteria for registering in Intermediate Course through Direct Entry Route?

Ans: Graduates/ Post-Graduates in Commerce (with minimum 55% marks) or Graduates/ Post-Graduates other than in Commerce (with minimum 60% marks) or Intermediate level passed candidates of Institute of Company Secretaries of India/ Institute of Cost Accountants of India are eligible for registration to Intermediate Course through Direct Entry Route.

Q. I am pursuing the last year of How can I join CA Course?

Ans: You can register provisionally for the CA Intermediate Course through Direct Entry Route. After completing the Graduation with requisite marks and completion of eight months of study period in Intermediate Course from the date of provisional registration, you would become eligible to appear in Intermediate Examination.

Q. I have registered provisionally for Intermediate Course through Direct Entry Route and my Graduation result is When will I become eligible for Intermediate Examination?

Ans: You will become eligible for Intermediate Examination after completing the Graduation Course with requisite marks and completion of eight months of study period in Intermediate Course from the date of provisional registration.

Q. I have secured requisite marks in Graduation and I am pursuing Post-Graduation. How can I join CA Course?

Ans: You can register for the Intermediate Course through Direct Entry Route based on the marks secured in Graduation and appear in the Intermediate Examination after completion of eight months of study period from the date of registration.

Q. I have not secured requisite marks in Graduation and I am pursuing Post-Graduation. How can I join CA Course?

Ans: You can register provisionally for the Intermediate Course through Direct Entry Route during the last year of Post-Graduation. After completing the Post-Graduation with requisite marks and completion of eight months of study period in Intermediate Course from the date of provisional registration, you would become eligible to appear in Intermediate Examination.

Q. I have registered provisionally for Intermediate Course through Direct Entry Route. When will my registration get confirmed?

Ans: If you have registered in the last year of Graduation, your Intermediate Course provisional registration will be confirmed after submission of marksheet of Graduation examination result with requisite marks. The marksheet should be submitted within six months of declaration of result of Graduation examination.

Alternatively, if you have registered in the last year of Post-Graduation, your provisional registration will be confirmed after submission of marksheet of Post-Graduation examination result with requisite marks. The marksheet should be submitted within six months of declaration of result of Post-Graduation examination.

Q. When are the Intermediate Examinations held and what is the cut-off date for registration in Intermediate Course for appearing in Intermediate Examination?

Ans: The Intermediate Examinations are held twice a year in the months of May and November Candidate should be registered in Intermediate Course for a minimum period of eight months on or before the 1st day of the month in which the examination is held. For example, a candidate should be registered in Intermediate Course on or before 1st September, 2023 for appearing in Intermediate May, 2024 Examination and on or before 1st March, 2024 for appearing in Intermediate November, 2024 Examination.

Q. What is the fee for Intermediate Course?

Ans: Fee for registration in both the groups of Intermediate Course is Rs.18,000/-.

Q. When will the students registered through Direct Entry Route get Prospectus for CA Course?

Ans: After successful registration in the Intermediate Course through Direct Entry Route, the student will receive an e-mail bearing the login credentials for ordering the Study Material through Centralized Distribution System (CDS) Portal. Prospectus for CA Course will be delivered to the student along with the Study Material, whenever ordered by the student.

Q. I wish to appear in one of the groups of Intermediate Examination at a time. Can I register for one group of Intermediate Course?

Ans: You can appear in one of the groups of Intermediate Examination at a time but you need to register for both the groups of Intermediate Course.

Q. What are the papers in Intermediate Course?

Ans: There are 6 papers in Intermediate Course which are as under:

Group I

Paper 1: Advanced Accounting (100 marks)

Paper 2: Corporate and Other Laws (100 marks)

Paper 3: Taxation

  1. Section A – Income-tax Law (50 marks)
  2. Section B – Goods and Services Tax (GST) (50 marks)

Group II

Paper 4: Cost and Management Accounting (100 marks)

Paper 5: Auditing and Ethics (100 marks)

Paper 6: Financial Management and Strategic Management

  1. Section A – Financial Management (50 marks)
  2. Section B – Strategic Management (50 marks)

Q. How to get the Study Material of Intermediate Course?

Ans: After successful registration in the Intermediate Course, the student will receive an e-mail bearing the login credentials for ordering the Study Material through CDS Portal.

Q. What will be the syllabus for Intermediate May, 2024 Examination?

Ans: Intermediate May, 2024 Examination will have the syllabus of the New Scheme of Education and Training, which is available at the link: https://www.icai.org/post/new-scheme-of-education-and-training

Q. What is the examination pattern in Intermediate Examination?

Ans: There will be 30% case scenario/ case-study based MCQs and 70% descriptive questions in all the six papers of Intermediate Examination.

Q. Is there negative marking in MCQ based questions in Intermediate Examination?

Ans: There is no negative marking in MCQ based questions in Intermediate

Q. What is the passing criteria in Intermediate Examination?

Ans: A student is declared to have passed in both the groups of Intermediate Examination simultaneously, if he/she –

  • secures at one sitting a minimum of 40% marks in each paper of each of the groups and a minimum of 50% marks in the aggregate of all the papers of each of the groups, or (b)secures at one sitting a minimum of 40% marks in each paper of both the groups
  • and a minimum of 50% marks in the aggregate of all the papers of both the groups taken

Alternatively, a student is declared to have passed in a group, if he/she secures at one sitting a minimum of 40% marks in each paper of the group and a minimum of 50% marks in the aggregate of all the papers of that group. He/she can pass both the groups individually in different sittings.

Q. What is the criteria of securing exemption in paper(s) in Intermediate Examination and subsequently passing the Group?

Ans: If a student has appeared in all the papers in a Group and fails in one or more papers but secures a minimum of 60% marks in any paper or papers of that Group, he/she shall be exempted for that paper or papers in which he/she has secured 60% or more marks for the immediately next three following examinations. The student will be required to obtain a minimum of 40% marks in each of the remaining paper(s) and a minimum of 50% marks in the aggregate of all the papers including the exempted paper(s) to pass the Group.

If the student is not able to pass the said Group in the following three attempts and has exhausted the exemption granted to him/her, the student may opt for continuing of the said exemption to the subsequent examinations provided that he/she shall be required to obtain a minimum of 50% marks in each of the remaining paper or papers of that Group in order to pass that Group.

Q. What is the validity period of student’s registration in the Intermediate Course?

Ans: The validity period for registration in the Intermediate Course is for 5 years from the date of registration in the Intermediate Course which can be revalidated for 5 years with revalidation fee of Rs.400/-. Revalidation is permitted only once for Intermediate Course

CA Final Course FAQs

Q. Can I complete CA final in 2 years?

Ans: Yes, You have approx. 2 -2.5 years to prepare for CA Final.

Q. When can I register for the Final Course?

Ans: Student can register for the Final Course any time after passing both the groups of Intermediate Examination. At the time of registration for Final Course, students would also be registering for Self-Paced Online Modules.

Q. What is the fee for Final Course?

Ans: Fee for registration in both the groups of Final Course is Rs.22,000/-.

Q. What are the papers in Final Course?

Ans: There are 6 papers in Final Course which are as under:

Group I

  • Paper 1: Financial Reporting (100 marks)
  • Paper 2: Advanced Financial Management (100 marks)
  • Paper 3: Advanced Auditing, Assurance and Professional Ethics (100 marks)

Group II

  • Paper 4: Direct Tax Laws & International Taxation (100 marks)
  • Paper 5: Indirect Tax Laws (100 marks)
  • Paper 6: Integrated Business Solutions (100 marks) (Multidisciplinary Case Study with Strategic Management)

Q. How to get the Study Material of Final Course?

Ans: After successful registration in the Final Course, the student will receive an e-mail bearing the login credentials for ordering the Study Material through CDS Portal. The student may order the Study Material of Final Course as well as that of Self-Paced Online Modules SET A and SET B through CDS Portal.

Q. When can I appear for the Final Examination?

Ans: You can appear for the Final Examination if you have fulfilled the below eligibility criteria:

  • Registered for the Final Course,
  • Have completed Practical Training six months before the first day of the month in which the examination is to be held,
  • Successfully completed Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS), and
  • Qualified all the 4 Self-paced Online

Q. What will be the syllabus for Final May, 2024 Examination?

Ans: Final May, 2024 Examination will have the syllabus of the New Scheme of Education and Training, which is available at the link https://www.icai.org/post/new-scheme-of-education-and-training

Q. What is the examination pattern in Final Examination?

Ans: There will be 30% case scenario/ case-study based MCQs and 70% descriptive questions in all the six papers of Final Examination.

Q. What will be the manner of assessment in Final Examination?

Ans: Assessment for Paper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management) which is entirely case study based, would be open book examination. Assessment for all the other five papers would be through closed book examination.

Q. Is there negative marking in MCQ based questions in Final Examination?

Ans: There is no negative marking in MCQ based questions in Final Examination.

Q. What is the passing criteria in Final Examination?

Ans: A student is declared to have passed in both the groups of Final Examination simultaneously, if he/she –

  • secures at one sitting a minimum of 40% marks in each paper of each of the groups and a minimum of 50% marks in the aggregate of all the papers of each of the groups, or
  • secures at one sitting a minimum of 40% marks in each paper of both the groups and a minimum of 50% marks in the aggregate of all the papers of both the groups taken

Alternatively, a student is declared to have passed in a group, if he/she secures at one sitting a minimum of 40% marks in each paper of the group and a minimum of 50% marks in the aggregate of all the papers of that group. He/she can pass both the groups individually in different sittings.

Q. What is the criteria of securing exemption in paper(s) in Final Examination and subsequently passing the Group?

Ans: If a student has appeared in all the papers in a Group and fails in one or more papers but secures a minimum of 60% marks in any paper or papers of that Group, he/she shall be exempted for that paper or papers in which he/she has secured 60% or more marks for the immediately next three following examinations. The student will be required to obtain a minimum of 40% marks in each of the remaining paper(s) and a minimum of 50% marks in the aggregate of all the papers including the exempted paper(s) to pass the Group.

If the student was not able to pass the said Group in the following three attempts and has exhausted the exemption granted to him/her, the student may opt for continuing of the said exemption to the subsequent examinations provided that he/she shall be required to obtain a minimum of 50% marks in each of the remaining paper or papers of that Group in order to pass that Group.

Q. What is the validity period of student’s registration in the Final Course?

Ans: The validity period of registration in the Final Course is for 10 years from the date of registration in the Final Course which can be revalidated every 10 years with revalidation fee of Rs.500/-.

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