The institute has informed that a total of 91,900 students appeared for the recent test. Out of these, 13,749 students successfully passed, which translates to a pass percentage of 14.96%. This indicates that only a small fraction of the candidates met the required standards to clear the examination. The results highlight the challenging nature of the test and the level of preparation required to succeed. The institute’s announcement underscores the importance of thorough preparation and dedication for students aiming to pass such competitive exams.
To check the ICAI CA Foundation result for 2024. follow these steps:
steps:1. **Visit the ICAI Official Website**: – Go to [ICAI’s official result portal](http://icaiexam.icai.org/).
2. **Navigate to the Results Section**: – Click on the “Results” tab on the homepage.
3. **Select CA Foundation Result**: – Choose the link for the “CA Foundation Result 2024”.
4. **Enter Required Details**: – Enter your CA Foundation Roll Number. – Give your Registration Number or PIN.
5. **Submit Information**: – Click on the “Submit” button to proceed.
6. **View Result**: – Your CA Foundation result will be displayed on the screen.
7. **Download and Print**: – Download and print your result for future reference.
WHAT IS CA FOUNDATION :
The CA Foundation course is the entry-level qualification for the Chartered Accountancy profession in India. It is administered by the Institute of Chartered Accountants of India (ICAI), a statutory body established by an Act of Parliament. The CA Foundation is designed to provide students with a fundamental understanding of accounting, economics, business laws, and mathematics, setting a strong foundation for further studies in Chartered Accountancy. Here is a detailed overview of the CA Foundation course:
Eligibility CriteriaTo be eligible for the CA Foundation course, a candidate must have completed their 10+2 (senior secondary) education from a recognized board or institution. Students who have appeared for their 10+2 examinations and are awaiting results can also register for the course, but they must pass the examination to be eligible for the Foundation exams.
Registration Process
1. **Registration Period**: Registration for the CA Foundation course is open throughout the year. However, students need to register by June 30th to appear for the November examination and by December 31st to appear for the May examination.
2. **Registration Fee**: The registration fee for the CA Foundation course is approximately INR 9,200, which includes the cost of study materials.
3. **Documents Required**: Students need to submit attested copies of their 10th and 12th-grade mark sheets, a recent passport-sized photograph, and proof of nationality (if applicable).
Course Structure
The CA Foundation course comprises four papers, each designed to test the students’ foundational knowledge in different subjects:
1. **Paper 1: Principles and Practice of Accounting**: This paper covers the basics of financial accounting, including accounting principles, preparation of financial statements, and accounting for special transactions.
2. **Paper 2: Business Laws and Business Correspondence and Reporting**: – **Part I: Business Laws**: Focuses on fundamental laws related to business, including the Indian Contract Act, the Sale of Goods Act, and the Partnership Act. – **Part II: Business Correspondence and Reporting**: Covers business communication, report writing, and comprehension skills.
3. **Paper 3: Business Mathematics, Logical Reasoning, and Statistics**:
**Part I: Business Mathematics**: Includes mathematical functions, ratios, proportions, sequences, and series.
**Part II: Logical Reasoning**: Tests analytical and logical reasoning abilities.
**Part III: Statistics**: Covers data interpretation, measures of central tendency, and probability.
4. **Paper 4: Business, Commercial Knowledge and Business Economics**:
**Part I: Business Economics**: Focuses on microeconomics and macroeconomics, including demand and supply, production and cost, and market structures.
**Part II: Business and Commercial Knowledge**: Provides an understanding of business concepts and commercial awareness.
Examination Pattern-
**Mode of Examination**: The CA Foundation exams are conducted twice a year, in May and November. The exams are held in offline (pen and paper) mode.-
**Duration and Marks**: Each paper is of 3 hours duration and carries 100 marks.-
**Types of Questions**: Papers 1 and 2 are subjective (descriptive) in nature, while Papers 3 and 4 are objective (multiple-choice questions).-
Study Material and Preparation
ICAI provides comprehensive study materials to registered students, including textbooks, practice manuals, and suggested answers. Additionally, students can benefit from the following:
1. **Coaching Classes**: Many students opt for coaching classes, either in-person or online, to better understand complex topics and get personalized guidance.
2. **Mock Tests and Past Papers**: Practicing with mock tests and past examination papers can help students familiarize themselves with the exam pattern and improve their time management skills.
3. **Revision**: Regular revision is crucial to reinforce learning and retain information.
Career Path After CA Foundation
Upon successfully passing the CA Foundation examination, students can register for the next level, the Intermediate course. The path to becoming a Chartered Accountant involves the following stages:
1. **CA Intermediate**: This level includes two groups of subjects and requires the completion of 8 months of study before attempting the exams.
2. **Articleship Training**: After passing either group of the Intermediate exam, students must undergo a 3-year practical training (articleship) under a practicing Chartered Accountant.
3. **CA Final**: The final level of the CA course comprises two groups of subjects and can be attempted after completing the Intermediate exams and at least 2.5 years of articleship training.
Conclusion:
The CA Foundation course is a crucial first step for students aspiring to become Chartered Accountants. It provides a robust grounding in essential subjects and prepares students for the rigorous demands of the Intermediate and Final levels. With dedication, systematic preparation, and effective time management, students can successfully navigate the CA Foundation and embark on a rewarding career in Chartered Accountancy.