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CA Foundation Course - A Complete Guide

CA Foundation is the entry-level examination conducted by The Institute of Chartered Accountants of India (ICAI) for the Chartered Accountancy course

Overview

Eligibility

Fees

Exam Details

Passing Criteria

Exam Form

Admit Card

Preparation

Syllabus

Classes

Results

Merit List

Results Analysis

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CA Foundation Course - Overview

What is the CA foundation course - As the name suggests, it lays down the foundation for the CA course. CA Foundation course helps a candidate in understanding various accounting principles and their implications on various kinds of accounts. CA Foundation Examinations are now held thrice a year in the months of January,May and September.However, for 2024, the exams will be conducted in May, September and November.

It is the dream of every commerce student to become a Chartered Accountant. In this article, you will get details about the CA Foundation's new scheme, registration process, fees, and eligibility criteria.

Eligibility Criteria For CA Foundation Course

A candidate who has registered for the CA foundation course must have qualified Senior Secondary Examination (10+2 level) conducted by a recognized National or State Board.

A student who has registered for the CA course has to undergo a minimum of four months study period to appear in the Foundation exam i.e., students registered on or before 30th September/28^th February/ 31^st May will be eligible to appear in January/June/September examination respectively.

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How To Register For CA Foundation Course

A candidate can register for the Foundation course by filling Online Registration Form on the official website of the ICAI (www.icai.org) under the "E-SERVICES" tab> Student Services> Entry Level forms (Foundation and Intermediate (Direct Entry).

After filling the online form, the candidate is required to pay fees online. On successful payment, the system will generate the form which has to be printed and submitted to the concerned regional office within 7 days of the date of online registration along with the following documents:

Attested copy of Admit Card / Mark sheet of Class 12 examination issued by the respective Board.
One recent colour photograph (affixed on the printout of the online successful registration form).
Attested copy of proof of Nationality, if the student is a foreigner.
Attested copy of proof of special category certificate i.e SC/ST, OBC, Differently abled.

Attested copy of the 10th Marksheet/ Admit Card of 10th class indicating the Name.

CA Foundation Registration Fees

S.No.	Description of Fees	Rs.	For foreign students (US $)
1	Cost of Foundation Prospectus	200	20
2	Foundation Registration Fee	9000	700
3	Subscription for Student’s Journal (For One Year) (Optional)	200	20
4	Subscription for Member’s Journal (For One Year) (Optional)	400	40
	TOTAL	9800	780

The registration for CA Foundation Course is valid for 3 years and can be revalidated any number of times for further 3 years by paying a fee of Rs.300/-

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CA Foundation Exam Details

CA Foundation Examination is a Pen and Paper-based offline test. A candidate can take up the examination either in English or Hindi.

There are the following four papers in CA Foundation out of which Paper 1 & 2 are Subjective type and Paper 3 & 4 are Objective type with the negative marking scheme of 0.25 marks.

Paper 1: Principles And Practice Of Accounting.
Paper 2: Business Laws And Business Correspondence
Paper 3: Business Mathematics, Logical Reasoning, And Statistics
Paper 4: Business Economics And Business & Commercial Knowledge

Passing Criteria for Foundation Exam

A candidate shall be declared to have passed the examination if he/she secures 40% marks in each paper and 50% marks in aggregate of all the papers.

Candidates who are Graduate/Post Graduate/Candidates with Equivalent Qualification are exempt from the CA Foundation Exam and can directly enroll for Intermediate Course.

CA Foundation Exam Form

CA Foundation Exam forms will be available on the official website (https://eservices.icai.org/ ). The candidates have to submit the Exam Form online before the last date.

CA Foundation Exam Fee

For Indian Centres	INR 1500
For Kathmandu (Nepal) Centre	INR 2200
For Overseas Centres (Abu Dhabi, Doha, Dubai, Muscat)	US $ 325

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CA Foundation Admit Card

The ICAI releases CA Foundation admit card on its official website (eservices.icai.org). The Candidates are required to login to the website and take a printout of the admit card on A4-sized paper. All candidates have to carry the printed copy of admit card to the examination center.

Contents in the CA Foundation Admit Card

Name of the Candidate
Candidate’s Photograph and Signature
Name and Address of the Examination Centre
Roll Number
Examination Date and Time
Medium of Examination
Candidate’s Address
Exam day instructions for candidates

How to prepare for CA Foundation Exam

Make a proper timetable alloting required time for each subject
The candidate should focus on the institute’s study material
Revise the entire syllabus at least 3-4 times.
Make summary notes for all the subjects for quick revision
Practice a lot of MCQs to maintain speed and accuracy.
Attempt Previous Year Question Papers. It will help in analyzing the trend of Examination.
Enroll for the test series. It will help in time management and practice.

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CA Foundation Course Syllabus

The syllabus for CA Foundation New Course is given below:

Paper 1: Accounting

Module 1:

Theoretical Framework
Accounting Process
Bank Reconciliation Statement
Inventories
Depreciation and Amortisation
Bills of Exchange and Promissory Notes
Preparation of Final Accounts of Sole Proprietors

Module 2:

Financial Statements of Not-for-Profit Organisations
Accounts from Incomplete Records
Partnership and LLP Accounts
Company Accounts

Paper 2: Business Laws

Indian Regulatory Framework
The Indian Contract Act, 1872
The Sale of Goods Act, 1930
The Indian Partnership Act, 1932
The Limited Liability Partnership Act, 2008
The Companies Act, 2013
The Negotiable Instruments Act,1881

Paper 3: Quantitative Aptitude

Part A: Business Mathematics

Ratio and proportion, Indices, Logarithms
Equations
Linear Inequalities
Mathematics of Finance
Basic Concepts of Permutations and Combinations
Sequence and Series Arithmetic and Geometric Progressions
Sets, Relations and Functions, Basics of Limits and Continuity functions

Chapter 8: Basic Applications of Differential and Integral Calculus in Business and Economics

Part B: Logical Reasoning

Number Series, Coding and Decoding and Odd Man Out
Direction Tests
Setting Arrangements
Blood Relations

Part C: Statistics

Statistical Representation of Data & Sampling
Measures of Central Tendency and Dispersion
Probability
Theoretical Distributions
Correlation and Regression
Index Numbers

Paper 4: Business Economics

Nature and Scope of Business Economics
Theory of Demand and Supply
Theory of Production and Cost
Price Determination in Different Markets
Determination of National Income
Public Finance
Money Market
International Trade
Indian Economy

CA Foundation Classes

A Candidate can prepare for CA Foundation Examination through self-study or Coachings. But it is preferable to enroll in Classes to leave no stone unturned in your CA Foundation Course Preparation. Classes will not only help in clearing all the concepts but also provide you with the guidance to channelize your preparations in the right direction. One can also enroll for CA Foundation Course offered by IndigoLearn which is India’s best CA prep destination. You can learn from the top educators with online classes from the comfort of your home. It has engaging Hd videos which can be accessed anytime, student-friendly notes, exam-style assessments.

CA Foundation Results

CA Foundation results are usually released about 2months after the exam. The ICAI announces the results for CA Foundation on the official website.

The Details for checking CA Foundation Results are below:

Visit the official website of ICAI and click on Foundation Results
Enter your Credentials i.e., 6 digit roll number, Pin/ registration number, and captcha code
Click Submit

Note: Candidates who pass with 70% or more marks in CA Foundation will receive a “Pass with distinction” Certificate from the ICAI.

CA Foundation Merit List

For every attempt, ICAI publishes a merit list of the top 50 rank students who cracked the exam. Candidates need to click on the "Merit list" option and enter their Roll number/Registration number to access the merit list.