The CA Foundation Course is the entrance level for the chartered accountancy course offered by the Institute of Chartered Accountants of India (ICAI). Earlier, it was known as the Common Proficiency Test. CA Foundation contains 5 series of papers. The CA Foundation exam replaced the CA-CPT exam and now is conducted by the Institute of Chartered Accountants of India (ICAI) twice a year. After the CA Foundation exam, students need to complete the Intermediate and Final levels as well to become a chartered accountant
CA Foundation is a partially subjective and a partially objective test comprising the following four papers: Principles and Practice of Accounting. Business Laws and Business Correspondence and Reporting. Business Mathematics, Logical Reasoning & Statistics.