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Foundation Level

CA Foundation under ICAN serves as the gateway to the Chartered Accountancy profession, providing students with a strong academic foundation in accounting, business, economics, and quantitative aptitude for future professional success.

CA Foundation Level admission eligibility icon under ICAN

Foundation Admission Eligibility

To be eligible for registration in Foundation,

  1. Students must have appeared Grade XII exams (If Grade XII results are pending then also candidates are eligible for registration under ICAN. And if Grade XII results are published, then well and good).
  2. If the results are pending of Grade XII, students must be sure that their score will be atleast 2 GPA/40% marks/C because if the Grades are less, the registration will be cancelled by ICAN. So Exam appeared and result awaiting students of Grade XII are advised to either wait for results and enroll in the next session or be sure that they will be getting atleast 2 GPA/40%/C to enroll without waiting for the results.
  3. Students from any stream (Science (physical group/Bio Group), Management, Law, Humanities, A Levels) are eligible for Foundation. The level should match that of Grade XII with whatever subjects it has.
  4. There are no entrance exams for Foundation. Student can enroll in ICAN and start preparing for the exams.

FAQ

CA Foundation Level registration deadline icon

Foundation Registration Deadline

Registration deadlines are based on the exam dates that students choose for. Foundation exams are held twice a year in June and December and the last date of registration would be November 30 for June Exams and May 31 for December Exams.

So if a student plans to appear in Foundation exams in December 20X2 then the last date of registration would be May 31, 20X2 and similarly if the students want to appear for Foundation exams in June 20X3 then the last date for registration would be November 30, 20X2.

Summarizing

1. For June Exams, the last date is November 30 (Generally around Mangshir 15)
2. For December Exams, the last date is May 31 (Generally around Jestha 15).

However, ICAN may give some time extensions for registration for which students need to contact ICAN or visit the official website of ICAN. Special Point For students who have just appeared for Grade XII exams and are willing to join Foundation, they need to hurry up because generally Grade XII exams go until the first week of Jeshta and as stated May 31 (Around Jestha 15) is the last date to apply for registration. The time is very less and can be easily missed out. Out of valley students are recommended to contact us right after the exams are over. Students inside valley are recommended to visit our premises and get counseling.
CA Foundation Level course structure iconCourse Structure of Foundation
Paper 1 - Accounting One Paper - Three Hours - 100 Marks

Paper 1: Accounting is a basic level course which enables the candidates to understand the fundamentals of financial accounting system and management accounting system and apply theory to basic financial and management accounting issues and process.


Exams of Paper 1 is of 100 marks where
  1. 40 marks is assigned to subjective questions and
  2. 60 marks is assigned to Multiple Choice Questions.
The subject matter contains:
  1. Financial Accounting (50 Marks)
  2. Management Accounting (50 Marks).
Paper 2 - Assurance and Information System - Accounting Two Papers - Three Hours - 100 Marks

Paper 2 contains of two parts:

2A: Assurance (50 Marks)

2B: Information System (50 Marks)


Each part carries
  1. 20 marks for subjective questions and
  2. 30 marks for objective or Multiple Choice Questions.
The exams of Paper 2 are held in one single day and in a single sitting of 3 Hours. However, each part's question paper and answer sheets are separate and a time of 1 hour and 30 minutes is given for both the parts.
Paper 3 - Business and Finance One Paper - Three Hours - 100 marks

Paper 3 - Business and Finance


Exams of Paper 3 is of 100 marks where
  1. 40 marks is assigned to subjective questions and
  2. 60 marks is assigned to Multiple Choice Questions.
The subject matter contains:
  1. Business
  2. Finance
  3. Economics
  4. IT
Paper 4: Law and Tax Two Papers - Three Hours - 100 Marks

Paper 4 contains of two parts:

4A: Law (50 Marks)

4B: Tax (50 Marks)


Each part carries
  1. 20 marks for subjective questions and
  2. 30 marks for objective or Multiple Choice Questions.
The exams of Paper 4 are held in one single day and in a single sitting of 3 Hours. However, each part's question paper and answer sheets are separate and a time of 1 hour and 30 minutes is given for both the parts.
CA Foundation Level exam schedule and passing criteria iconFoundation Exams and Passing Criteria
Eligibility to write Foundation Exams

To be eligible for Foundation Exams, student must

  1. 1. Complete the Pre-Test Exams by securing at least 40% marks in each subject atleast 3 weeks before the opening of exam form.
  2. 2. Obtain eligibility certificate (after completing pre-test exams)
  3. 3. Complete 6 months after registration for Foundation.
  4. 4. Fill-up the exam forms and pay all the dues
Pre-Test Exams (By ICAN)

This test is taken online which student have to pass by getting 40% marks in each subjects. There is no restriction of getting 50% in aggregate in Pre-test exams as it is in Final exams. The pre-test are held online so students must have a good internet connection and a computer to appear for this exam.

Foundation Exams (By ICAN)

Exams are held in December and June generally. One day gap is provided during the exams. The candidates are required fill up exam forms which are published in the website of ICAN and view the routines as well as centre list in the notice published by ICAN.

Passing Criteria of Foundation

A candidate is declared as pass in Foundation exams if

  1. 1. Marks obtained in each subject is 40% or more.
  2. 2. Aggregate 50% is achieved (i.e. total marks of all 4 papers should be 200 or more)
  3. 3. All the papers are given in one sitting (i.e. student are not declared pass until all three papers are passed in single sitting)

Notes

  1. 1. There are no subject wise exemption in Foundation (like in Application and Advisory)
  2. 2. There are no Groups in Foundation (like in Application and Advisory)
  3. 3. Students are not allowed to use scientific calculators in exams.
  4. 4. If 75% or more is achieved in Foundation, then it is declared as Distinction
  5. 5. Also All Nepal Ranks for Top 10 scorers of Foundation is published by ICAN along with the results.

Take Your First Step Towards CA Education

Begin your journey towards becoming a Chartered Accountant with a program designed to build strong foundations in finance, accounting, taxation, and business advisory services.
CA Foundation Level scholarship and merit award iconFoundation Scholarships Details
1. Scholarship on Merit Basis

Under this scheme, Gurukul tuition will be reduced on the basis of GPA of class 11 or 12 (whichever student chooses). The GPA and discount are as follows:

GPAScholarships
3.3 and above5%
3.4 and above10%
3.5 and above15%
3.6 and above20%
3.7 and above25%
3.8 and above30%
3.9 and above40%
2. Scholarship to the college topper of 11 or 12
  • NEB Topper (Grade XII) – Scholarship of 15% of Tuition Fees
  • 1st Position in College – Scholarship of 10% of Tuition Fees
  • 2nd Position in College – Scholarship of 7% of Tuition Fees
  • 3rd Position in College – Scholarship of 5% of Tuition Fees (In addition to Scholarship 1)

The above stated positions should have been achieved by student in any of the internal exams taken by the college in Grade XII or the board exams of Grade XII. To claim this scholarship, student shall submit a Certificate given by the college indicating the position achieved by the student.

3. Cash prize on the basis of aggregate weekly tests
RankScholarships
First20,000
Second15,000
Third10,000
Fourth9,000
Fifth8,000
Sixth7,000
Seventh6,000
Eight5,000
Ninth4,000
Tenth3,000
4. Tuition fee refund on the basis of Scholarship exams taken by Gurukul CA

Cash Prize

RankScholarships
First100%
Second80%
Third60%
Fourth40%
Fifth35%
Sixth30%
Seventh25%
Eight20%
Ninth15%
Tenth10%

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