ICAN CA Foundation study guide
ICAN CA Foundation · Work through your exam, one topic at a time.
The ICAN CA Foundation is the entry level of the Chartered Accountancy pathway administered by the Institute of Chartered Accountants of Nepal (ICAN). It is aimed at students who have completed secondary schooling and intend to qualify as a chartered accountant in Nepal, and it serves as the gateway to the intermediate and final levels of the CA programme. The ICAN CA Foundation study guide has 4 sections and about 1,503 words.
01Accounting
The Accounting domain tests whether you can record transactions under double entry, adjust accounts at year end, and present financial statements that follow Nepal Financial Reporting Standards (NFRS). The foundation syllabus concentrates on the accounting equation, the accounting cycle, depreciation, provisions, bank reconciliation, and final accounts for sole traders and simple companies.
363 words, about 2 min02Business Mathematics and Statistics
The Business Mathematics and Statistics domain tests numerical fluency and interpretation, not proof-writing. Expect compound interest and annuities, permutation and combination, matrices, basic calculus, measures of central tendency and dispersion, correlation and regression, probability, and index numbers.
359 words, about 2 min03Business Economics and Management
The Business Economics and Management domain tests how markets work and how organisations are managed, with applications to Nepal's open, remittance-supported economy. Expect demand and elasticity, consumer and producer theory, cost and market structures, national income, inflation, monetary and fiscal policy, and the management functions of planning, organising, staffing, directing and controlling.
391 words, about 2 min04Business Law and Ethics
The Business Law and Ethics domain tests the Nepali legal framework governing business and the standards expected of a chartered accountant. The main sources are the Contract Act 2056, the Partnership Act 2020 BS, the Companies Act 2063, the Negotiable Instruments Act 2034 and the Labour Act 2074, together with the ICAN Code of Ethics based on the IESBA framework.
390 words, about 2 min