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CAP I

The first level in CA Course is Chartered Accountant Professional Level I (in short CAP I) which lays the foundation level knowledge for further studies. CAP I is designed to cover the basics of Accounting and other commercial knowledge like Merchantile Laws, economics etc. This is also commonly known as Foundation Level of CA Course.

CAP I Admission Eligibility

To be eligible for registration in CAP I, 

  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 more than 2.4 GPA because if the Grades are less than 2.4 GPA, 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 more than 2.4 GPA to enroll without waiting for the results.
  3. Students from any stream (Science (physical group/Bio Group), Management, Law, Humanities, A Levels) are eligibile for CAP I. The level should match that of Grade XII with whatever subjects it has.
  4. There are no any entrance exams for CAP I. Student can enroll in ICAN and start preparing for the exams.

FAQ

Do science students need base of Accounts in CAP I?

No. The CAP I syllabus itself is designed to make the base in accounting so any prior knowledge of accounting is not necessary. At Gurukul, everything is taught from the very basics (zero level) so any special classes are not required for science students.

What are the necessary documents for CAP I registration in ICAN?

  1. SEE Marksheet
  2. SEE Character Certificate
  3. Plus Two Transcript (For those who are waiting for grade XII result, they can submit Grade XI mark sheet)
  4. Plus Two Character (For those who are waiting for grade XII result, they can submit Grade XII admit card)
  5. Passport size photographs
  6. Signature in plain paper
  7. Citizenship Certificate (If not yet obtained, upload a written application requesting to allow the submission of citizenship after sometime but before filing CAP I exam form)

Note: Any pending documents like Grade XII marksheet, Character Certificate or Citizenship Certificate shall be submitted before filling the CAP I Exam Form.

What are the necessary documents for admission in Gurukul CA?

The documents required for admission in Gurukul CA are

  1. Plus Two Transcript (For those who are waiting for grade XII result, they can submit Grade XI mark sheet)
  2. Passport size photographs
  3. If college topper scholarships are claimed, a letter from college.

 

Is online registration possible?

Yes, in-fact only online registration is allowed in ICAN for CAP I registration.

However, for Gurukul Admission, both online and offline admissions are taken.

Click here for a detailed procedure of online registration in ICAN 

CAP I Registration Deadline

Registration deadlines are based on the exam dates that students choose for. CAP I 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 CAP I exams in December 20X2 then the last date of registration would be May 31, 20X2 and similarly if the students want to appear for CAP I 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).

Special Point
For students who have just appeared for Grade XII exams and are willing to join CAP I, 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 ICAN 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.

Course Structure of CAP I

Paper 1 - Fundamentals of AccountingOne Paper-Three Hours-100 Marks

Paper 1: Fundamentals of Accounting is a basic level course which enables the candidates to understand the fundamentals of financial accounting system and apply theory to basic financial accounting issues and process financial transactions. It also enables the candidates to prepare accounting statements of small business enterprises and not-for-profit entities.

Exams of Paper 1 is of 100 marks where

  • 50 marks is assigned to subjective questions and
  • 50 marks is assigned to Multiple Choice Questions.

The subject matter contains:

  1. Introduction
  2. Accounting Systems and Processes
  3. Accounting treatment of fixed assets and depreciation
  4. Accounting treatment of inventory
  5. Accounting for Special Transactions (simple problems for each of them)
     

    a. Consignments
    b. Joint Ventures
    c. Bills of exchange and
    d. Royalty

  6. Financial statements preparation
    a. For Sole Proprietorships
    b. For Partnerships
    c. For Non Profit Organisations 
     
  7. Partnership Accounts
    a. Basics of Partnership (PSR, PL Appropriation, Partners Capital and Current Accounts)
    b. Goodwill and its methods of  calculation
    c. Admission of a partner
    d. Retirement of a partner
    e. Death of a partner
    f. Dissolution of partnership

Paper 2 - Mercantile Laws and Fundamentals of EconomicsTwo Papers - Three Hours - 100 Marks

Paper 2 contains of two parts:
Part A: Mercantile Laws (50 Marks)
Part B: Fundamental of Economics (50 Marks)

Each part carries

  • 25 marks for subjective questions and
  • 25 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.

Part A: Mercantile Laws (50 Marks)

The syllabus is designed with an objective to impart fundamental knowledge and understanding of the elements of Mercantile Laws.

The subject matter contains:

1. Nepalese Partnership Act- 2020

  • Introduction, Meaning & Definition of Partnership, Characteristics of Partnership
  • Family Business vs. Partnership
  • Procedures of Registration, Formation of Partnership
  • Kinds of Partners, Relationship of Partners
  • Assets held in Partnership, Capital Contribution, Nomination of Proxy, Participation in Business
  • Inspection of Records, Remuneration & Interest, Accounting & Interest, Accounting of Profit made by partner, Sharing of Profit and Loss, Relationship between Firm and Third Person
  • Dissolution of Partnership Firms, Modes of Dissolution, Automatic Dissolution
  • Liabilities to third parties, Continuation after dissolution, Duties of Partners on Dissolution, Appointment of Liquidator
  • Appeal, Penalties

2. Muluki Devani Samhita Ain, 2074 (Chapter V)

  • Provision to Enter Contract
  • Validity of Contract
  • Provision relating to performance, Breach of Contract and Remedies
  • Provision relating Contract of Sale of Goods
  • Contract relating to Guarantee, Bailment, Indemnity
  • Contract relating to Subrogation, Surety, Pledge or Pawn
  • Provisions relating to indirect or Quasi contract, unjust enrichment
  • Other Relevant Provision of Muluki Devani Samhita Ain, 2074 (Chapter V)

Part B: Fundamental of Economics (50 Marks)

The syllabus is designed with an objective to impart fundamental knowledge and understanding the elements of micro economics, macroeconomics and Nepalese economy.

The subject matter contains:

  1. Introduction to Microeconomics
  2. Demand and Supply Analysis
  3. Theory of Production
  4. Cost and Revenues
  5. Market Forms
  6. International Trade
  7. Nepalese Economy

Paper 3 - Fundamentals of Management and Commercial Mathematics and StatisticsTwo Papers - Three Hours - 100 marks

Paper 3 contains of two parts
Part A: Fundamentals of Management (50 Marks)
Part B: Commercial Mathematics and Statistics (50 Marks)

Each part carries

  • 25 marks for subjective questions and
  • 25 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 time of 1 hours and 30 minutes is given for both the parts.

Part A: Fundamentals of Management (50 Marks)

The syllabus is designed with an objective to impart knowledge and understanding of fundamental principles and functions of management.

The subject matter contains:

  1. Concept of organization and management:
  2. Evolution of management thought:
  3. Environmental context of management:
  4. Planning and decision making:
  5. Organizing:
  6. Managing human resources:
  7. Leadership:
  8. Motivation
  9. Communication
  10. Controlling

 

Part B: Commercial Mathematics and Statistics (50 Marks)

The syllabus is designed with an objective to acquaint students with the knowledge of quantitative techniques applicable in the business environment. It is expected that the students from the study of the subject develop an ability to interpret the business related information and use them for an effective decision making.

The subject matter contains:

  1. Basic Arithmetic and Algebra
  2. Percentage and Their Applications in Business
  3. Permutations and combinations
  4. Progressions
  5. Sources of data, presentation and use
  6. Measures of central tendency
  7. Measures of dispersion
  8. Correlation and regression Analysis
  9. Time series analysis
  10. Index number
  11. Sampling
  12. Probability

CAP I Exams and Passing Criteria

Eligibility to write CAP I Exams
To be eligible for CAP I Exams, student must

  1. Complete the Pre-Test Exams by securing at least  40% marks in each 5 subject.
  2. Obtain eligibility certificate (after completing pre-test exams)
  3. Complete 6 months after registration for CAP I
  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.

CAP I Exams (By ICAN)

Exams are held in the first 3 days of December and June generally. No gaps are provided during the exams so December exams of CAP I are generally held on December 1, December 2 and December  3 and similarly June exams are held generally on June 1, June and June 3. 

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 CAP I
A candidate is declared as pass in CAP I exams if

  1. Marks obtained in each subject is 40% or more.
  2. Aggregate 50% is achieved (i.e. total marks of all 3 papers should be 150 or more)
  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. There are no subject wise exemption in CAP I (like in CAP II and CAP III)
  2. There are no Groups in CAP I (like in CAP II and CAP III)
  3. Students are not allowed to use scientific calculators in exams. 
  4. If 75% or more is achieved in CAP I, then it is declared as Distinction
  5. Also All Nepal Ranks for Top 10 scorers of CAP I is published by ICAN along with CAP I results.
CAP I Student

Fee Structure of CAP I

ICAN Registration Fee for CAP I: Rs 30, 100
ICAN Exam Fee: Rs 3,200
Gurukul CA Tuition Fee: Rs 100,000
Total Fees: Rs 1,33,300

ICAN registration fee can be paid at once or as following
On Registration: Rs 17,600
Within 3 months: Rs 12,500

Gurukul Tuition Fees can be paid in two installments
On Admission: Rs 25,000
Within next 2 months: Balance Fee 

CAP I 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:

GPA

Scholarships

3.3 and above

5%

3.4 and above

10%

3.5 and above

15%

3.6 and above

20%

3.7 and above

25%

3.8 and above

30%

3.9 and above

40%

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. Scholarship on the basis of weekly test

Cash Prize
  • Class First in aggregate weekly test: Rs 7,000
  • Class Second in aggregate weekly test: Rs 5,000
  • Class Third in aggregate weekly test: Rs 3,000

4. Scholarship on the basis of mock test of CAP I taken by Gurukul CA

Cash Prize
  • 1st Position: 100% Tuition fee paid in CAP I
  • 2nd Position: 60% Tuition fee paid in CAP I
  • 3rd Position: 30% Tuition fee paid in CAP I
CALCULATE MY SCHOLARSHIP NOW

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