CA Foundation Course
The CA Foundation Course serves as the initial step towards becoming a Chartered Accountant. This level covers fundamental subjects like accounting, business laws, quantitative aptitude, and business economics. The exams for CA Foundation are conducted by ICAI twice a year, in May and November.
Students who have appeared or are appearing in their class 12th exams are eligible to register for the CA Foundation course. After registration, you’ll have four months to prepare for the syllabus. The course includes four papers:
- Paper – 1: Accounting (100 Marks)
- Paper – 2: Business Laws (100 Marks)
- Paper – 3: Quantitative Aptitude (100 Marks)
- Business Mathematics
- Logical Reasoning
- Statistics
- Paper – 4: Business Economics (100 Marks)
The total fee for the CA Foundation course 2023 is Rs.10,900, covering the registration fee of Rs.9,200, exam form fee of Rs.1,500, and optional journal membership fee of Rs.200.
In this comprehensive guide, you’ll find all the essential information about the CA Foundation course, including eligibility criteria, registration process, syllabus, exam dates, fees, paper pattern, preparation tips, admit card, results, and what to do after completing the CA Foundation exam.
CA Foundation Course Details
| Course Name | CA Foundation Course |
|---|---|
| Eligibility | Class 12 appeared or appeared |
| Exam Level | Entry Level |
| Exam Duration | 4 Papers (3 Hours Each) |
| Exam Mode | Offline (Pen and Paper) |
| Total Fees | Rs. 10,900 |
| Syllabus | Accounting, Business Laws, Quantitative Aptitude, Business Economics, etc. |
| Conducted By | Institute of Chartered Accountants of India (ICAI) |
| Exam Frequency | Twice a Year (May and November) |
| Passing Criteria | Per Subject – 40%
Aggregate – 50% |
| Course Purpose | First Step towards becoming a Chartered Accountant |
ICAI, the Institute of Chartered Accountants of India, has recently introduced a new scheme of education and training for the CA Course. This revamped scheme brings several changes to the CA Foundation level, including revised papers, updated registration validity, modified paper pattern, and new passing criteria. Refer to the article below.
CA Foundation Updates Under New Scheme
For those planning to take the CA Foundation course under the new scheme, there’s exciting news! The course will commence from 2nd August 2023. It’s an excellent opportunity to begin your CA journey with the updated curriculum and enhanced prospects.
Please note that the last CA Foundation examination under the existing scheme is scheduled for December 2023. So, if you are aiming to appear in the exam under the current scheme, prepare diligently for this final chance.
Eligibility for CA Foundation?
Aspiring CA candidates, listen up! The CA Foundation eligibility criteria has been modified by ICAI to accommodate students facing delays in their Class 12th results declaration. Now, students can provisionally register for the CA Foundation course after passing their Class 10th examinations.
This preliminary admission allows you to start your CA journey early. However, please note that your registration will only be fully regularized once you pass your Class 12th exams. So, give your best efforts in your Class 12th exams to officially secure your spot in the CA Foundation course.
For graduates and post-graduates who wish to pursue CA, there’s good news too! You can directly register for the CA Intermediate exam through the Direct Entry System. This means you are exempted from taking the CA Foundation Exam.
CA Foundation Registration Procedure
Exciting news for all eligible students! The registration window for the CA Foundation is now open, allowing you to register for the course throughout the year. However, don’t miss the deadline! To appear for the December 2023 exams, make sure to register for the CA Foundation course before July 1, 2023.
For those interested in the CA Foundation exam under the existing scheme, remember that the last date of registration is 1st July. But fear not, as the CA New Scheme will be applicable from May 2024, offering you more opportunities and options.
Mark your calendars for another important date! The commencement of registration and the date of conversion in the CA foundation course under the new scheme is set for 2nd August 2023. Stay tuned for more updates from ICAI.
Documents Required for CA Foundation Registration
The necessary documents required for CA Foundation Registration are:
- 10th Class Marksheet
- 12th Admit card or Marksheet
- Passport-size Photo
- Proof of Nationality for Foreign students
How to Register for CA Foundation Course?
Here’s a step-by-step guide on how to register for the CA Foundation course:
1: Visit the ICAI portal and go to the ‘Student’s Tab’. Click on the ‘Course Registration’ section.
2: In the registration form section, click on ‘New User’.
3: Provide your details such as name, date of birth, gender, Aadhar card number, mobile number, email-id, and create a password.
4: Click on “Generate OTP” and verify it. The OTP will be sent to your registered mobile number and a verification link to your email.
5: After successful verification, your personal profile will be created, and you’ll receive your login credentials.
6: Log in and select “Student Cycle”. Click on ‘Apply for Foundation’, fill in the required details, and click on ‘Save and Next’.
7: Now, make the payment for the registration fees online. You can use Master/Visa/Maestro Credit/Debit/Rupay/Net Banking Card for payment.
8: After successful payment, you’ll get the registration form. Ensure that you duly sign the form and submit it within 7 days.
CA Foundation Fees
The CA Foundation Course fee for Indian students is Rs. 10,900, which is to be paid in multiple installments. During the registration, an initial payment of Rs. 9,000 is required, along with Rs. 200 for the foundation prospectus. We highly recommend subscribing to the student’s journal to stay updated. Later, you will need to pay an additional fee of Rs 1,500 while filing the foundation exam form.
For foreign students, the registration fee is $700, along with $20 for the foundation prospectus. The exam form fee for foreign students is $325.
For students appearing at the Kathmandu center, the exam form fee is Rs. 2,200.
Once the registration process is completed, the CA Foundation study material will be sent to the candidates through the Centralized Dispatch System (CDS).
Please ensure to pay the fees within the specified deadlines to avoid any inconvenience in the registration process. Good luck with your CA Foundation journey!
| CA Foundation Fee Details | Indian Students | Foreign Students ($) |
| Cost of Foundation Prospectus | 200 | 20 |
| Foundation Registration Fees | 9000 | 700 |
| Subscription for Students Journal (For one Year- Optional) |
200 | 20 |
| Foundation Examination Fee | 1500 | 325 |
| Total | Rs10,900 | $1065 |
CA Foundation Syllabus
The course includes four papers:
- Paper – 1: Accounting (100 Marks)
- Paper – 2: Business Laws (100 Marks)
- Paper – 3: Quantitative Aptitude (100 Marks)
- Business Mathematics
- Logical Reasoning
- Statistics
- Paper – 4: Business Economics (100 Marks)
CA Foundation Exam Form
Registering for the CA Foundation course is the first step, but it’s essential to also fill out the exam form to inform ICAI about your intention to appear in the exams. You can access the CA Foundation Exam form from the ICAI portal and need to pay the required examination fees.
Along with the exam form, candidates must also attest to the CA Foundation declaration form. This form validates that the submitted and attested documents are original and not fake.
In case there are any discrepancies in the registration details provided by the candidate, such as the registration number not matching ICAI records, you may be offered provisional registration due to unavoidable circumstances.
Make sure to complete the exam form accurately and meet the deadlines to avoid any issues with your exam registration.
CA Foundation Admit Card
Admit cards are essential to enter the examination hall, and ICAI typically issues them 14 days before the exams. However, they no longer send admit cards physically or offline. Now, you can easily download your CA Foundation admit card online from the ICAI website.
To avoid last-minute hassles, make sure to take a printout of the admit card at least 10 days before the exam. You can download the admit card a maximum of three times, so it’s a good idea to have 3-4 photocopies of it for extra precaution. If you notice any errors in the center or medium of the exam (which may be a result of incorrect details submitted during the application process), don’t worry. You have the opportunity to rectify such errors after downloading the admit card.
Make sure to carry your admit card and other necessary documents to the exam hall on the day of the CA Foundation exam.
Correction Window for CA Foundation
The ICAI provides two correction windows for students who need to make changes to their exam form. The first correction window allows students to make changes to their Center/Medium without any fees within one week after the last date of submitting the Examination form.
If a student needs to make corrections after the free window period, they can still do so in the second correction window, but this time they will be required to pay a correction fee of Rs. 1000/- per application. This correction window is generally open for changes up to one week before the exam. Under any circumstances, the ICAI will not entertain requests made immediately before 7 days.
It’s important to keep track of these correction windows and make necessary changes within the specified timeframes to avoid any issues during the exam process.
About ECP Gurgaon CA Foundation Coaching
ECP Gurgaon is a top CA Foundation coaching institute renowned for helping students achieve remarkable success in their CA Foundation exams. With a track record of 50+ students scoring passing marks in the previous years exam, ECP Gurgaon has proven its excellence.
Our highly experienced faculty offers both offline and online classes for CA Foundation exams, ensuring a result-oriented approach. This approach is tailored to enable students to pass the CA Foundation exams in their first attempt with exceptional results.
If you are aiming to clear the CA Foundation level with high marks in your very first attempt, choosing ECP Gurgaon’s CA Foundation classes will be a wise decision. Join us now and embark on your journey towards a successful CA career.
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Frequently Asked Questions (FAQs)
Q1. What is the CA Foundation exam?
Ans. The CA Foundation exam is the first level of the Chartered Accountancy course to become a CA. ICAI conducts CA Foundation exams twice a year, in the months of May and November.
Q2. How many subjects are there in the CA Foundation Course?
Ans. The CA Foundation course consists of 4 subjects, namely Accounts, Business Law, Business Maths, and Business Economics.
Q3. What are the passing criteria for the CA Foundation examination in 2023?
Ans. To pass the CA Foundation 2023 exams, candidates need to score at least 40% in all four papers and a total of 50% marks, which is 200 out of 400 marks.
Q4. Is CA Foundation easy to clear?
Ans. Although CA Foundation may not be considered extremely difficult, it still demands dedicated preparation and hard work to successfully clear the exams.
Q5. How long is the CA Foundation course?
Ans. The CA Foundation course has a duration of 6 months, including a 4-month study period and a 2-month waiting period for the result.
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