FAQs

The New Scheme of Education and Training has three levels – Foundation, Intermediate and Final including Self-Paced Online Modules.

Students need to register for Foundation/ Intermediate/ Final level under the New Scheme of Education and Training through Self Service Portal (SSP) at the link https://eservices.icai.org/.

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.

You should register for 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:

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)

Paper 1 & 2 are subjective type and Paper 3 & 4 are objective type

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

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.