Every commerce student dreams of becoming a Chartered Accountant (CA) one day. CA Foundation by Institute of Chartered Accountants of India helps the CA aspirants to achieve their goals. CA Foundation Exam is a must for the aspirants who want to carve a niche in the sector of business accounting.
What is CA Foundation?
CA Foundation is an exam conducted on a national level in the month of May & November. It is taken up by the candidates who are aspiring to become Chartered Accountants in India. In compliance with the Chartered Accountants Regulations 1988, Institute of Chartered Accountants of India (ICAI) conducts and administers CA Foundation Exam twice every year.
Results: The Results for CA Foundation Exam will be tentatively published within 2 months after the exam is completed.
Correction Window: If you have made a mistake in the application form, ICAI will provide a correction window and in this period you can change the mistakes.
|Exam Name||CA Foundation (earlier known as Common Proficiency Test)|
|Acronym||CA Foundation (earlier known as CA CPT)|
|Conducting Authority||The Institute of Chartered Accountants of India (ICAI)|
|Level of Exam||National|
|Exam Category||Undergraduate (UG)|
|Course Offered||Chartered Accountancy in India|
|Mode of Exam||Offline i.e. Pen and Paper-based Test (PPT)|
|Duration of Exam||3 Hours for each paper|
CA Foundation Eligibility –
The aspirants must have passed 10+2 level (Senior Secondary) qualifying examination from a national or state-recognized Board of Secondary Education in India. The aspirants are required to register/ switch over to Foundation with Board of Studies (BoS) of ICAI.
Candidates should get his/her registration to Foundation Course re-validated in case it has been three years from their CA Foundation registration. This is because the CA Foundation course registration has a validity of three years.
Basic eligibility criteria are given below –
|Education||10+2 (Senior Secondary) or equivalent|
|Age Limit||No Age Limit|
CA Foundation 2020 Syllabus –
Candidates preparing for CA Foundation should refer to the detailed syllabus for each subject. Because this gives them a better understanding of the type and content of questions to expect in the exam.
The questions in CA Foundation will be based on topics like Fundamental of Accounting, General Economics, Business Laws, and Quantitative Aptitude. CA Foundation syllabus is given in the following table:
|1. Principles and Practice of|
|2. Business Laws & Business|
Correspondence and Reporting
|Section A: Business Laws|
Section B: Business Correspondence and Reporting
|3. Business Mathematics and|
Logical Reasoning & Statistics
|Part A: Business Mathematics|
Part B: Logical Reasoning
Part C: Statistics
|4. Business Economics and|
Business and Commercial
|Part I: Business Economics|
Part II: Business and Commercial Knowledge
How to apply for CA Foundation?
Candidates can follow these steps to apply for CA Foundation:
- Candidates can visit the official website www.icai.org and click on the ‘login/register’ icon.
- Register yourself as a ‘New User’ by filling all the required details and then by clicking on
the & ‘Register’ button.
- You will receive your login ID and password on your registered email id.
- Now login and fill your details and address details for registration and save the details.
- Then fill the academic details, exam centres option, etc in the application form.
- Pay the application fee for CA foundation and then upload your scanned photograph and signature and click on the submit button. Now you have completed the application process.
Details regarding CA Foundation exam pattern is given below:
|Conducting Body||Institute Of Chartered Accountant Of India (ICAI)|
|Level of Exam||National Level|
|Frequency of Exam||Twice a Year ( May and December)|
|Mode Of Exam||Offline|
|Mode of Registration||Online|
|Number of Papers||4|
|Duration||3 hours for each paper|
|Negative marks||Only for Paper 3 and 4 (0.25), i.e is 1/4th of marks|
|Basic Eligibility||Appearing in class 12th Board or Passed class 12th|
|Exemptions||Graduates and Post Graduates or Candidates with Equivalent Qualification|