CA Foundation November 2019

CA foundation

CA Foundation November 2019

CA Foundation November 2019– CA Foundation exam is an entry-level exam for students interested to pursue a career in chartered Accountancy line. CA Foundation Exam is conducted by the Institute of Chartered Accountants of India (ICAI). It is a national level exam which consists of 4 papers. CA Foundation exam was before called a CA – CPT exam.

Candidates are able to make changes to the CA Foundation Nov 2019 application form between September 12 and 16. The last date to fill the November 2019 application form has also been extended to September 12 without late fee and September 15 with a late fee. For candidates of J&K, the last date is September 15 without late fee. ICAI had declared the ICAI result for May 2019 session, in online mode on August 13. The result for May 2019 has been announced for the exam held offline on June 4, 7, 11 and 13.

CA Foundation 2019: Overview

Exam CA Foundation 2019
Conducting Body Institute Of Chartered Accountant Of India (ICAI)
Level of Exam National Level
Frequency Exam Twice a Year ( May and December)
Mode Of Exam Offline
Mode Of Registration Offline
Number Of Papers 4
Basic Eligibility Passed Class 12 or Appearing for Class 12 in Current Year
Exemptions Graduates and Post Graduates or Candidates with Equal Qualification
Official Website icai.org
Mode of exam Pen and paper-base
The medium of exam English/ Hindi (Section B of Paper 2, i.e. Business Correspondence and Reporting will be in English medium only)
Type of question Goal cum descriptive

CA Foundation 2019: Important Dates

CA Foundation 2019: Important Dates
Starting of Application Process First Week of February 2019
Last Date to Apply without Late Fee 4th Week of February 2019
Last Date to Apply with Late Fee First Week of March 2019
Release of Admit card Second Week of April 2019
CA Foundation Exam May 2019
CA Foundation Result Third Week of July 2019

CA Foundation 2019 Eligibility Criteria

Candidates should have passed category 12 from a recognized board of education to be eligible for CA Foundation 2019.

Candidates must have registered for the CA Foundation course with the Board of Studies (Bos) on or before June 30, 2019, for November 2019, or, should have converted to Foundation course with Board of Studies of ICAI on or before September 7, 2019.

CA Foundation 2019 Application Form

The application form for CA Foundation Nov 2019 exam has been released online. No offline application form will be available for the candidates. To submit the form, the candidates need to pay an amount of Rs. 1500/- for Indian centers. The candidates can submit the CA Foundation May 2019 Application Form online or by post as well. The candidates can pay the examination fee for CA Foundation May exam by Online mode.

Application Fee – As per the official notification, the candidates need to pay the following amount for CA Foundation May 2019 exam

Test Center Application Fee
For Indian Center Rs. 1500
For Overseas Centre(s) – Excluding Kathmandu Centre US$ 325
For Kathmandu (Nepal) Centr INR 2200

CA Foundation Registration Fees

Details of Fee For Indian Nationals (Rs) For Foreign Students (USD)
Cost of Foundation Prospectus 200 20
Foundation Registration Fee 9000 700
Subscription for student’s Journal (For One Year ) (Optional) 200 20
Subscription for member’s Journal (For One Year ) (Optional) 400 40
Total 9800 780

CA Foundation 2019 Exam Pattern

Each paper carries 100 marks and the most duration is 3 hours. Paper 3 and paper 4 have the negative marking scheme and 1/4th of the marks will be deducted for every wrong answer.

Candidates must score a least of 40% marks in each paper and a least of 50% marks in total of all the papers to pass the CA Foundation exam.

CA Foundation exam paper :

Paper 1: Principles And Practice Of Accounting (100 Marks)
Paper 2: Business Laws And Business Correspondence
a) Business Laws (60 Marks)
b) Business Correspondence And Reporting (40 Marks)
Paper 3: Business Mathematics, Logical Reasoning, And Statistics
a) Business Mathematics (40 Marks)
b) Logical Reasoning(20 Marks)
c) Statistics (40 Marks)
Paper 4: Business Economics And Business & Commercial Knowledge
a) Business Economics (60 Marks)
b) Business and Commercial Knowledge (40 Marks)

CA Foundation Admit Card

ICAI must release the CA Foundation 2019 admit card online before 14 days of exam conduct. The CA Foundation 2019 admit card will be accessible by entering the registration ID and password. The admit card/ hall ticket contains the candidate’s name, roll number, photograph and signature, exam center, etc. along with important instructions. In case of any discrepancy about the CA Foundation admit card 2019, candidates may contact ICAI Helpline desk. Moreover, it is mandatory for candidates to report at the exam center with their admit card for verification purposes.

CA Foundation Correction Window

The Correction facility has two windows one of which is without fees and another one is with correction fees of Rs 1000/- per application.

Correction Window Facility (with fees)– Under this window, a student can change his/her Center/Medium with the payment of Rs. 1000/- per application. Generally, this window is open for correction up to one week before the exam. But request made immediately before 7 days will not be entertained by the ICAI under any case.

Candidates are also required to carry their registration form at the exam center along with the admit card to avoid any mistakes.

CA Foundation Exam Centres 2019

ICAI is going to conduct CA Foundation June 2019 exam at 193 test cities spread across India. Further, the exam is going to be held at 5 test centers located outside India. The candidates can check the list of CA Foundation May 2019 test centers from the table.

CA Foundation 2019: Overseas centers Kathmandu

Abu Dhabi

Muscat

Doha

Dubai

CA Foundation Passing Criteria 2019

The passing criteria of CA Foundation 2019 state the least mark that candidates must score to qualify the exam. The passing criteria contain the sectional as well as the percentage given below:

CA Foundation Passing Criteria

Section Required Sectional cutoff for CA Foundation Overall Percentage
Paper 1 40 Marks 50%
Paper 2 40 Marks  
Paper 3 40 Marks  
Paper 4 40 Marks  

CA Foundation Answer Sheet 2019

Candidates who are not satisfied with their result of CA Foundation May 2019 answer sheet can apply for verification of their answer sheet from August 14 till September 12, 2019. The verification fee is Rs. 100 per paper. Moreover, candidates can also apply to get PDF files of their answer sheets. The application fee for the same is Rs. 500 per paper.

For any queries, candidates can contact:

The Joint Secretary (Exams)

The Institute of Chartered Accountants of India

ICAI Bhawan

Indraprastha Marg

New Delhi 110 002

Helpline Telephone Numbers: 0120-3054 851, 3054 852 , 3054 853, 3054 835, 4953751, 4953752, 4953753, 4953754. (Available 10:00 AM to 5:00 PM)

ICAI CA Exam 2019

ICAI CA EXAM

ICAI CA Exam 2019: Significant changes introduced in CA Exam Pattern
The Institute of Chartered Accountancy of India (ICAI) released an official notice regarding the changes introduced in CA exam pattern from the May 2019 session onwards. CA Intermediate and CA Final exams are scheduled to be held from May 28-June 12 and May 27-June 11, 2019, respectively. Thus, candidates appearing for either of the two must check here to ensure that the introduced changes do not hinder their preparation. Some of the papers in CA Intermediate and CA Final have been shortlisted which will have both, descriptive questions and MCQs. However, the weightage of marks for long answer questions will be 70% and MCQs will be 30%. Following are the papers in CA Intermediate (revised) and CA IPC(existing), and CA Final (old and new) which will comprise of objective questions to the tune of 30 percent marks.

Learn More:- ICAI Announcement CA Exam Postponed Again

CA Intermediate/ IPCC

CA Intermediate CA IPCC
Paper No. Subject Paper No. Subject
2 Corporate and Other laws 2 Business Laws, Ethics and communication
4 Taxation 4 Taxation
6 Auditing and Assurance 6 Auditing and Assurance
7 Enterprise Information systems and strategic management 7 Information Technology and Strategic Management
CA Intermediate CA IPCC
Paper No. Subject Paper No Subject
2 Corporate and Other laws 2 Business Laws, Ethics and communication
4 Taxation 4 Taxation
6 Auditing and Assurance 6 Auditing and Assurance
7 Enterprise Information systems and strategic management 7 Information Technology and Strategic Management

Other than the change in the type of questions, candidates must know that each of the MCQs will carry 1-2 marks only and there will be no negative marking for incorrect responses. At the CA exam centre, test takers will be provided with OMR sheets for part I of the papers (MCQs) and answer booklets for part II (descriptive).

Source:- Download Here 

ICAI CA Final Course

If you are searching for ICAI CA Final course or subject for a New course, then you are landed on a correct page.

The Whole syllabus of CA Final is divided into 2 groups, which is further divided into 8 subjects.

Every paper contains 100 marks and you will need a minimum score of 40% marks in each subject.

ICAI CA Final Course – New Scheme of Education and Training

Paper No.Subjects
Paper 1Financial Reporting
Paper 2Strategic Financial Management
Paper 3Advanced Auditing and Professional Ethics
Paper 4Corporate and Economic Laws
Paper 5Strategic Cost Management and Performance Evaluation
Paper 6ARisk Management
Paper 6BFinancial Services and Capital Markets
Paper 6CInternational Taxation
Paper 6DEconomic Laws
Paper 6EGlobal Financial Reporting Standards
Paper 6FMultidisciplinary Case Study
Paper 7Direct Tax Laws and International Taxation
Paper 8Indirect Tax Laws

CA Final

Final Course is the last level of CA Course. After qualifying both the groups of Intermediate course, a student can get registered for C.A. Final Course. Candidate can appear in CA Final examination during the last 6 months of practical training. But before appearing in CA Final Exam, one has to successfully complete four weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of practical training.

CA FINAL COURSE DETAILS

Paper 1: Financial Reporting (Maximum 100 Marks )

It covers existing Accounting Standards (ASs) 15, 21, 23, 25, 27 and 28, Accounting Standards interpretations, Framework for preparation and presentation of Financial Statements in accordance with Indian Accounting Standards, Application of Ind AS with reference to general purpose Financial Statements, application of IFRS & US GAAP, Corporate Financial Reporting, Accounting for Consolidated Financial Statements of Group Companies, Share-Based Payments, Carbon Credits, E-commerce, Common defects in Financial Statements, Corporate Social Reporting, Human Resource Reporting, Integrated Reporting and Value Added Statements etc.

Paper 2: Strategic Financial Managment (Maximum 100 Marks )

It Covers important concepts relating to Strategic decision making, financial policy, Risk evaluation & its classification, value at Risk (VAR) Security analysis, and its Valuation, Portfolio analysis, Capital Market theory, Securitization, Mutual funds, Derivatives, Foreign exchange, international financial management, etc.

Paper 3: Advanced Auditing & Professional Ethics (Maximum 100 Marks )

It Covers Auditing Standards, Statements, Guidance Notes, Audit plan, Audit Programme and importance of Supervision, Risk Assessment and internal control, Special Aspects of Auditing in an Automated environment, Audit of Limited Companies, Audit Reports, Audit Reports & Certificates for special purpose engagement, Audit Committee and Corporate Governance, Audit of Consolidated Financial Statements, Special features of Audit of Banks, Insurance & Non – Banking Financial Companies, Audit under fiscal laws, Special audit assignments, Audit of Public Sector undertakings, and concepts related to Professional ethics etc.

Paper 4: Corporate and Economic Laws (Maximum 100 marks)

This paper has been divided into two parts :

Part I: Corporate Laws (70 Marks): This has two sections
Section A: Company Law

It Covers the entire provisions and relevant Rules & Regulations of the Companies Act, 2013 regarding appointment and Qualification of Directors, Appointment and remuneration of Managerial Personnel, Meetings of Board and its Power, Inspection, Inquiry and Investigation, Compromise, Arrangement and Amalgamations, prevention of oppression and Mismanagement, Winding up, Producer Companies, Companies incorporated outside India , Compounding offences, adjudication, special Courts, National Company Law Tribunal and Appellate Tribunal etc.

it Covers also Corporate Secretarial Practices like Drafting Notices, Resolutions, Minutes & Reports etc.

Section B: Securities Laws

It includes The Securities Contract (Regulation) Act, 1956 and the Securities Contract (Regulation) Rules, 1957: introduction and important provisions.

The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009 and SEBI (Listing obligations and Disclosure Requirement) Regulations, 2015.

Part II: Economic Laws (30 Marks)It Covers “ The Foreign Exchange Management Act, 1999, The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the Prevention of Money Laundering Act, 2002, Foreign Contribution Regulation Act, 2010, the arbitration and Conciliation Act,1996, the Insolvency and Bankruptcy Code, 2016

Paper 5: Strategic Cost Management and Performance Evaluation (Maximum 100 marks)

It contains concept of Strategic Cost Management, Limitations of Traditional Cost Management, Characteristics of the Modern Business Environment, Cost of Quality, TQM, Supply Chain Management, J/T, Kaizen Costing, Total Productive – Maintenance, Six Sigma (SS), Cost Control, Cost Reduction, Pareto analysis, value Analysis, Life Cycle Costing, Power Sector, Relevant Costing, ABC Costing, Theory of Product Pricing, Pricing – New Product, Sensitivity analysis, Pricing Strategies, Transfer pricing, Responsibility Accounting, Budgetary Control, Standard Costing, and Application of few Quantitative Techniques like Linear Programming, Learning curve / Experience Curve.

Paper 6A: Risk Management (Maximum 100 marks)

It includes the concept of Risk, Risk, and uncertainty; Distinction, classification of risks, Dynamic Nature of Risks, Types of Risk, Sources and Evaluation of Risks, Concept of Risk Management, objective and process of Risk Management, Risk Management Techniques, Quantitative analysis, Risk Model, Credit Risk Measurement and Management, Risks associated with Corporate Governance, Enterprise Risk Management, Operational Risk Management etc.

Paper 6B: Financial Services and Capital Markets (Maximum 100 marks)

It contains information to Global Financial Market, Role of Financial Market in Economic Development, Indian Financial Market Scenario, Credit policy of R.B. I, Fed Policy, Inflation Index, CPI, WPI etc. Primary Capital Market, Secondary Capital Market, Money Market ( CRR, SLR, MIBOR, LIBOR etc.), Institutions and Intermediaries, Commodity market, Banking – Management, Mutual Fund etc.

Paper 6C: International Taxation (Maximum 100 marks)

It Covers various concepts of Transfer pricing Provisions under the Income Tax Act, 1961, like concept of Arm’s length price, international transactions, functions, Assets and Risk Analysis, Documentation & Compliances, other provisions relating to taxation of international transactions and Non – resident taxation under the Income-tax Act, 1961, Non – resident taxation, Double taxation relief and Advance – Ruling, Law and procedures under the Black Money (Undisclosed Foreign Income and Assets) and imposition of Tax Act, 2015, other Aspects of International taxation – Model tax conventions, tax treaties, Application and interpretation, Anti Avoidance Measures, Taxation of E-Commerce transactions.

Paper 6D: Economic Laws (Maximum 100 marks)

It Covers entire coverage of WTO (World Trade Organization) Comprising of its Role, Principles, Functions and Dispute Settlement Mechanism, Competition Act, 2002 and its Rules & Regulations, Real Estate Act, 2016, Insolvency and Bankruptcy Code, 2016, Prevention of Money Laundering Act, 2002 and Rules / Regulations, Foreign Exchange Management Act, 1999 and Rules / Regulations, Prohibition for Benami Property Transactions Act, 1988 and Rules & Regulations.

Paper 6E: Global Financial Reporting Standards (Maximum 100 marks)

It Covers the key concepts and Principles of International Financial Reporting Standards, Conceptual framework for Financial Reporting as per IFRS, Application of Financial Reporting Standards, Significant Differences between IFRS and US GAAPS.

Paper 6F: Multi-Disciplinary Case Study

This paper will include case studies covering the following areas:-

  1. Financial Accounting and Reporting
  2. Audit and Assurance
  3. Taxation
  4. Finance and Financial Management
  5. Management Accounting
  6. Corporate Laws
  7. Business Strategy and Management

Paper 7: Direct Tax Laws & International Taxation (Maximum 100 marks)

Part I: Direct Tax Laws (70 Marks)

It Covers the entire Law and procedure under the Income Tax Act, 1961 – Basis of charge, Residential status, different Heads of Income, Provisions relating to clubbing of Income, set-off and carry forward of Losses, Provisions relating to companies & persons other than Companies, Tax Planning Tax Avoidance, Tax evasion, T.D.S %, Refund, Assessment Procedure, Settlement of tax cases, penalties, offences & Prosecution ,Liability in special cases, etc.

Part II: International Taxation (30 Marks)

It Contains the provisions relating to taxation of International transactions and Non – residents, Double taxation relief, Advance rulings, Overview of Model tax conventions, tax treaties etc.

Paper 8: Indirect Tax Laws (Maximum 100 marks)

Part I: Goods and Services Tax (75 Marks)

It Covers the entire provisions, Rules & Regulations, Notifications of the Central Goods and Services tax (CGST) Act, 2017 and Integrated Goods and Services tax (IGST) Act, 2017. It contains concepts related to Levy & Collection of CGST, IGST, Place of Supply, Time and value of supply, Input tax credit, Computation of GST Liability, Provisions relating to electronic commerce, Administration of GST, Assessment & Audit, Demand & Recovery, Appeals & Revisions etc.

Part II: Customs & FTP (25 Marks)

It Covers the entire provisions, Notifications of the Customs Act, 1962 and the Customs Tariff Act, 1975 regarding Levy & Exemption from Custom Duties, its types, Classification and Valuation of import and export, Import and export procedures, provisions relating to coastal Goods and Vessels Carrying Coastal Goods – Warehousing, Drawback, Demand and Recovery, Refund, Provisions relating to Prohibited Goods Notified Goods, specified Goods, illegal importation / exportation of Goods Search, Seizure and other Provisions, and foreign trade policy to the extent relevant to the indirect tax Laws. Source

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