FAQs in respect of Revised Scheme of Education and Training : ICAI

FAQs in respect of Revised Scheme of Education and Training : ICAI Q1: Under the Revised Scheme what is the nomenclature for all the three levels Ans: The three levels will now be called as Foundation, Intermediate and Final in place of earlier levels i.e. Common Proficiency Course (CPC), Intermediate (Integrated Proficiency Competence) Course and Final Course. Q2: When is the first examination going to be held at all levels under Revised Scheme Ans: In May, 2018. Q3: When can I register for Foundation Course Ans: For registering in Foundation Course, a student must have appeared in class 12th Examination. Q4: I have just appeared Class 12th Examination and results are still awaited, when can I join the Course Ans: You can register in CPC till 30th June 2017 and can appear for CPT in Dec. 2017. In case you register after 30th June 2017, you have to compulsorily register in Foundation (under the Revised Scheme) and can appear for Foundation Examination in May 2018. Q5: If I register in Foundation Course on 1st July, 2017 when can I appear for Foundation examination Ans: For appearing in Foundation Examination, a student must have completed 4 months of study period and have qualified class 12th Examination. Accordingly, you will be able to appear in May 2018 Foundation exams. Q6: When are the Foundation Examinations held and what is the cut-off date of registration in Foundation Ans: The Foundation Examinations will be held in the month of May and November every year 31st Dec and 30th June is the cut-off date for registration for being eligible to appear in May and November examinations respectively covering a study period of four months. Q7: I appeared in Class XII Examination in March-April-2017 and my XII result were declared in May 2017, Can I register for Foundation Course now so as to appear in Foundation Examination in November 2017 Ans: You can register for the Foundation Course as per the Revised Scheme on or after 1 st July, 2017. The 1st Examination of Foundation under the Revised Scheme will held in May, 2018 Examination so you will be eligible to appear in May 2018. If you want to register for CA Course now, you can do so by registering for the existing Common Proficiency Course (CPC) till 30th June, 2017, the examination of the same will be held in December, 2017. In future however, any student who has appeared Class XII and registered for Foundation course on or before 30th June/31st December and after qualifying Class XII Examination will be eligible to write in the respective November/May examination. Q8: How many Papers are there in Foundation Ans: There will be 4 papers in Foundation. Q9: What is the examination pattern in Foundation Course Ans: Out of 4 papers, 2 papers are subjective type (Paper 1 & 2) and rest of the 2 papers are objective type (Paper 3 & 4). Q10: Is there negative marking in Foundation like CPT Ans: Yes. Negative marking is for Papers 3 & 4 only and not for subjective papers i.e. 1 & 2. Q11: What are the papers in Foundation Ans: Paper 1: Principles and Practices of Accounting (100 Marks) Paper 2: Business Law & 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 & Statistics (100 Marks) Part I: Business Mathematics and Logical Reasoning (60 Marks) Part II: Statistics (40 Marks) Paper 4*: Business Economics & Business and Commercial Knowledge (100 Marks) Part I: Business Economics (60 Marks) Part II: Business and Commercial Knowledge (40 Marks) Q12: How can I qualify Foundation Examination Ans: You can qualify Foundation Examination by securing 50 % in aggregate and 40 % in each subject individually. Click here to Read Further Click Here to Buy CA Final Pendrive Classes at Discounted Rate