CA Foundation

CA (Chartered Accountant) is a professional course and its degree is awarded by the Institute of Chartered Accountants of India (ICAI).

 Every registered firm or organization falling under the Companies Act, have a CA who manages various tasks and posts like Finance Managers, Financial Controllers, Financial Advisers or Directors and audit their accounts.

The Head Office of ICAI is based in New Delhi and it has its Regional offices in all the states of India.

A person who is interested in registering for the CA course can either register at the Head Office of the institute or register at any of the regional office which is nearest to him.

 About CA Foundation

CPT or Common Proficiency Test is an entry level test for the Chartered Accountancy course. Earlier CPT exam was held twice a year in the months of June and December.

But recently, ICAI has changed the name of entrance test i.e. CPT (common proficiency test) to CA Foundation course.

CA Foundation exam will be conducted twice a year in the months of May and November now in offline mode.

Don’t Forget to Read:- How to Pass the CA Exam in the First Attempt?

Eligibility Criteria for CA Foundation

what is the Eligibility Criteria for CA Foundation

In order to be eligible to register and appear in the Foundation examination, students have to fulfill certain criteria.

ICAI has launched the new course scheme which came into existence from 1st July, 2017 and has been originated from 2018. A student who has registered on or after 1st July, 2017 shall be listed under new course i.e. CA foundation.

The First attempt of CA Foundation was scheduled on May 2018. The registration for the May attempt closes on 31st December while the last date of registration for the November attempt has been set as 30th June.

A student who has passed Class 12th examination conducted by an examining body constituted by law in India may register for the Foundation Course.

The registration for the course can be done online through the link provided on the ICAI website.

A registered student may appear in Foundation Examination after he/ she has qualified the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India (or an examination acknowledged by the Central Government as equivalent thereto) and has complied with such requirements as may be specified by the Council from time to time.

A student who has got himself/ herself registered for Foundation Course and has undergone a minimum of four months study period is eligible to appear in the Foundation Examination, i.e., students registered on or before 30th June/31st December will be eligible to appear in November/May examination respectively.

Read:- 5 Mistakes You must Avoid while Preparing for the CA Exams

CA Foundation Exemption

how to get CA Foundation Exemption

Students who are Graduates or Post Graduates with prescribed percentage marks or its equivalent grade in the examination conducted by any recognized University (including Open University) or Intermediate level examination passed students of The ICWAI or The ICSI are not subjected to pass Foundation Course.

Such students on fulfilling the requirements can register directly to the Intermediate examination of the Course.

Application Form and Fees

CA Foundation application form is made available online for the candidates on the official website of ICAI. The dates for filling the application form for the November 2018 attempt have already been closed so information about the application form for the May 2019 attempt will be discussed here.

 Also See:- Top 10 CA Coaching Classes in Pune

Login creation for CA Foundation 2018 exam

Before candidates can fill the CA Foundation application form 2019, they are first required to do one-time registration on the official ICAI website for appearing in CA Foundation 2019 examination.

It should be noted that registering for CA Foundation course is different from registration for CA Foundation exam.

Registering for CA Foundation exam means creating a login account on ICAI website which will require the aspirants to provide their Course Registration Number, Date of Birth, Email-Id and Mobile Number.

Candidates who created their login accounts after November 2016, including those who converted from CA CPT to CA Foundation, are not required to recreate the login account.

They can use same credentials to login and fill CA Foundation 2019 application form. For candidates who did not create an account before, they can go through the steps given below to register for CA Foundation 2019 exam:

  1. First you have to go to the official website of ICAI i.e. www.icai.org

  2. Click on the ‘Login/ Register’ tab at the top of the page.

  3. Then candidates have to register themselves by clicking on the ‘New Register’ button.

  4. For the registration, candidates will have to submit details mentioned below-

  • Name of the examination

  • Registration Number

  • Date of Birth

  • Email Id

  • Mobile number

  1. Finally, check the declaration box and click on ‘Register’ to complete the registration.

In case of non-availability of registration number, candidates could register themselves as a provisional candidate.

Upon registration, candidates will receive the login-id and password on their registered mobile number and email ID as entered during CA Foundation login account creation process.

The details of CA Foundation login account should be kept safely as credentials will be used in future for filling forms and downloading admit card till CA Final.

Read:- 5 Mistakes You must Avoid while Preparing for the CA Exams

How to fill CA Foundation Application Form?

How to fill CA Foundation Application Form?

After candidates have their login details, they can proceed to fill the application form of CA Foundation. A candidate has to register for CA Foundation Course by filling online registration form available on ICAI website in “Course Registration Forms” under “Students tab”.

Given below is the stepwise procedure to fill CA Foundation application form:-

  1. Go to the official website of ICAI i.e. www.icai.org

  2. Go to Login/ Register tab and login using your CA Foundation account credentials created during exam registration above.

  3. After logging in, click on ‘Apply Now’ button to fill CA Foundation application form.

  4. Fill the application form, and upload photograph/signature if available. Click on ‘Preview’ to see the details entered. Candidates can go back to make corrections (if any). Confirm the details as entered and click on ‘Final Submit’ to submit CA Foundation application form.

  5. Pay the application fee as applicable. CA Foundation application fee can be remitted in online mode only, through Debit Card/ Credit Card/ Rupay Card/ Net Banking.

  6. Take a printout of the application form and keep it safe for future reference. Candidates on whose application forms, the photograph and/or signature doesn’t appear, they are required to-

  • Affix two latest passport size photographs with one attested and one non-attested (if photograph doesn’t appear), and/or

  • Sign at the specified place and get it countersigned by parents/guardian (if signature doesn’t appear), and

  • Get the filled-in CA Foundation application form attested by a Chartered Accountant or a Gazette Officer or Principal of a School/College, and

  • Put the attested application form of CA Foundation in an envelope (without folding) super scribed as ‘Online Application Form for Foundation Exam’ and attempt name should also be mentioned, and

Send the printout of filled CA application form via post to the address mentioned below:

The Joint Secretary (Exams)

ICAI Bhawan

The Institute of Chartered Accountants of India

Indraprastha Marg

New Delhi-110002

Note:- Only those candidates whose photograph or/and signature doesn’t appear on the pdf/ printout of CA Foundation application form, need to send the hard copies application form to ICAI exam division.

CA Foundation May 2019 expected application form schedule:

  • Availability of Application Form for May attempt- First week of February

  • Last date for Application form submission without late fee- Last week of February

  • Last date of Application form submission with late fee- First week of March

Read:- How to Handle CA Exam Stress?

CA Foundation Application Fee

  • For Indian exam centers- INR 1,500/-

  • For Kathmandu exam centers- INR 2,200/-

  • For overseas exam centers (Abu Dhabi, Doha, Dubai, Muscat)- US$325/-

How to make corrections in CA Foundation Application Form?

The procedure to make corrections in the application form of CA Foundation is same for both the correction windows, with the only change being that in CA Foundation application correction window- I, step-5 is not applicable since candidates are not required to make payment then, while it will be applicable for CA Foundation application correction window-II.

Candidates can go through the stepwise procedure mentioned below to make corrections in their application form of CA Foundation-

  • Go to the official website of ICAI i.e. www.icai.org

  • Login to the account through Login/Register tab.

  • Access the application through the dashboard and verify the information as provided and click on ‘No change required’ in case there are no errors, else click on ‘Make Changes’.

  • Make the changes. Candidates can make changes to the choice of medium of language, exam center, etc.

  • Make the payment of requisite CA Foundation application correction fee of INR 1000/- in CA Foundation application correction window-II. Candidates do not need to pay anything in first application correction window of CA Foundation.

Also Read:-

Syllabus for CA Foundation

Syllabus for CA Foundation

It contains four papers of total 400 marks, two of which are objective type and the other two are subjective type.

The examination is conducted in two sessions of two hours each on the same day with an interval in between. It is an offline examination i.e. it is held in pen and paper format.

PAPER- 1: PRINCIPLES AND PRACTICE OF ACCOUNTING

  1. Theoretical Framework

  2. Accounting Process

  3. Bank Reconciliation Statement

  4. Inventories

  5. Concept and Accounting of Depreciation

  6. Accounting for Special Transactions

  1. Bills of exchange and promissory notes

  2. Sale of goods on approval or return basis

  3. Consignments

  4. Joint Ventures for non-corporate entities

  5. Royalty accounts

  6. Average due Date

  7. Account Current

  1. Final Accounts of Sole Proprietors

  2. Partnership Accounts

  3. Financial Statements of Not-for-Profit Organizations

  4. Introduction to Company Accounts

  5. Basic Accounting Ratios

PAPER – 2: BUSINESS LAWSAND BUSINESS CORRESPONDENCE AND REPORTING

SECTION A: BUSINESS LAWS (60 MARKS)

  1. The Indian Contract Act, 1872

  2. The Sale of Goods Act, 1930

  3. The Indian Partnership Act, 1932

  4. The Limited Liability Partnership Act, 2008

  5. The Companies Act, 2013

SECTION B: BUSINESS CORRESPONDENCE AND REPORTING (MARKS 40)

Part I: Communication

  1. Communication

  1. Types

  2. Directions

  3. Network

  4. Process

  5. Problems

  6. Barriers

  7. Types of Communication

Part II: Sentence Types and Word Power

  1. Sentence Types (Direct-Indirect, Active -Passive Speech)

  2. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations and Idioms.

Part III: Comprehension Passages and Note Making

  1. Comprehension Passages

  2. Note Making

Part IV: Developing Writing Skills

  1. Introduction to Basic Writing

  2. Précis Writing

  3. Article Writing

  4. Report Writing

  5. Writing Formal Letters

  6. Writing Formal Mails

  7. Resume Writing

  8. Meetings

PAPER- 3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS

Part A. Business Mathematics (40 Marks)

  1. Ratio and Proportion, Indices and Logarithms

  2. Equations and Matrices

  3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function

  4. Time value of Money

  5. Permutations and Combinations

  6. Sequence and Series

  7. Sets, Relations and Functions

  8. Basic applications of Differential and Integral calculus

Part B: Logical Reasoning (20 Marks)

  1. Number series, Coding and Decoding and odd man out.

  2. Direction Tests

  3. Seating Arrangements

  4. Blood Relations

  5. Syllogism

Part C: Statistics (40 Marks)

  1. Statistical description of Data

  2. Measures of Central tendency and Dispersion

  3. Probability

  4. Theoretical Distributions

  5. Correlation and Regression

  6. Index Numbers and Time Series

PAPER- 4: BUSINESS ECONOMICS AND BUSINESS AND COMMERCIAL KNOWLEDGE

PART I: BUSINESS ECONOMICS (60 Marks)

  1. Introduction to Business Economics

  2. Theory of Demand and Supply

  3. Theory of Production and Cost

  4. Price Determination in Different Markets

  5. Business Cycles

PART II: BUSINESS AND COMMERCIAL KNOWLEDGE (40 MARKS)

  1. Introduction to Business

  2. Business Environment

  3. Business organizations

  4. Government Policies for Business Growth

  5. Organizations facilitating Business

  6. Common Business Terminologies

CA Foundation Passing criteria:

You have to secure at least 50 % in aggregate and 40 % in each subject individually or obtain minimum 200 marks i.e. 50% of total Marks (400) for passing Foundation.

No Subject wise linkage for passing foundation. There is Negative marking of 0.25 Marks for every incorrect answer in the objective type papers and the Blank answer will fetch Zero marks.

Also Read:- How to make CA exam preparation very effective?

CA Foundation Admit Card

CA Foundation Admit Card

The admit card for CA Foundation examination is made available 14 days prior to the exam dates. Before the candidates appear in the examination, it is important that they have their admit card for the exam in hand in printed format.

 The CA Foundation admit card will be available online only and will not be sent via post. Therefore, candidates have to log in to their candidates portal using their login id and password.

For downloading/printing of the admit cards, candidates will have to login to their Single-Sign On account at icaiexam.icai.org as under:

  1. Visit http://icaiexam.icai.org

  2. Login using your Login ID (i.e. Registration Number) and password.

  3. Click on link in front of Admit Card view.

  4. Now, that you have the admit card on your screen, check all the details on it.

  5. Thereafter, download the admit card and take at least two colored print out of the same in an A4 sized sheet.

What if the data in the CA Foundation admit card is incorrect?

If there is any mistake in the admit card, or there is no match in the information you have provided and that which is available in the admit card, then you may contact the Helpline numbers (0120-3054 851, 3054 852, 5054 853, 4953 751, 4953 752, 4953 753, 4953 754 or Fax Number 0120 3054 841, 3054 843 immediately, by quoting the registration number, Barcode number of the examination form, receipt number issued by the regional office(s), if any, Center opted with Zone applicable, telephone number, fax number, etc. for prompt action.

Related Post:How to Prepare for CA Taxation Subject?

Changing the exam center after the issuance of the CA Foundation admit card

You can change the exam center even after the admit card is issued to you. Candidates need to practice their center change option online by paying an amount of Rs.1,000.

However, no fresh admit card will be issued thereafter. Candidates have to appear in the changed examination center along with the approval letter/ Email sent to them.

Important points in this regard:

  • Candidate will also be allowed to change the center opted i.e. from Indian Centers to the Overseas Centers by paying the difference in examination fee plus the fee of Rs.1,000.

  • Candidate will be required to upload a scanned copy of a handwritten/ typed application for change of Center/ Medium duly signed by them.

  • Upon submission of the request, the candidate will get a Successful Submission confirmation on the screen.

What to do if you have misplaced your login password?

Now it is important to have the login password to be able to access the admit card of the CA Foundation examination. Now if you have misplaced your login password, you can retrieve the same. Below are the steps on how to retrieve the password:

  1. Click on the Forgot password link on the login page.

  2. Next, select the option via which you want to retrieve your password.

 Related Post:- 15 Reasons Why Most of the Students Fail in CA Exam

CA Foundation Examination Analysis- Toughness Level

Syllabus for CA Foundation

CA Foundation has become somewhat difficult with the New Revised Education Scheme. Also, the foundation examination will be partly descriptive and partly objective.

The MCQ-based system in old CPT exams encourages students to do a lot of guesswork.

As a result, even undeserving students reach the next level. It affects the quality of the profession.

CA foundation is all about your 11 & 12 standard. The subjects are same also the level of knowledge required is of a beginner.

Though the manner of examination and the result percentage are surely tougher than other courses.

ICAI expects only basic knowledge about the concepts related to practicality of the profession at the Foundation level. In depth knowledge is not at all required.

Examination will be a little tougher than the CA CPT examination which was held as per the old study scheme because of the introduction of new syllabus and exam pattern now under the CA Foundation Examination.

The introduction of descriptive papers will increase the difficulty level of the examination to some extent.

But as it is an entry level examination, it will still be easier than the other levels of the course and thus the students will have to put in all their hard work and dedication for the preparation.

Read:- 10 Things to Consider Before Quitting CA Exam

CA Foundation Results Analysis

In June 2018 passing percentage has decreased in comparison to last exams held in December 2017. The passing percentage for Chartered Accountants Foundation Scheme Examination Held In May 2018 was 19.24%.

GENDER

Number of candidates appeared

Number of candidates passed

Percentage of pass

Number of exam centers

MALE

3877

682

17.59

 

FEMALE

2438

533

21.86

 

TOTAL

6315

1215

19.24

233

 

The number of students appearing for the examination has hugely reduced as compared to past few years of CA CPT Examinations.

The passing percentage has also decreased since the past attempts.

The introduction of two descriptive subjects may be the reason for decreased passed percentage but since it was the examination held right after introduction of new scheme, so the institute would have been somewhat liberal while checking the papers.

Students will have to work hard from now on to clear the Foundation examination because of the change in the course syllabus, exam pattern and decrease in the passing percentage by the institute.

Various FAQs about CA Foundation Examination

The ICAI has issued a set of some FAQs to clarify the queries which may arise in the mind of students/ stakeholders with regard to the CA Foundation Examinations, such as:

  1. When can I register for Foundation Course?

Answer- For registering in Foundation Course, a student must have appeared in class 12th Examination.

  1. I have just appeared Class 12th Examination and results are still awaited, when can I join the Course?

Answer- If you are registering after 30th June 2017, you have to compulsorily register in Foundation (under the Revised Scheme) and can appear for Foundation Examination from May 2018 onwards as for appearing in Foundation Examination, a student must have completed 4 months of study period and have qualified class 12th Examination.

Also Read:– Scope of CA Course Outside India

  1. When the Foundation Examinations held and what are is the cut-off date of registration in Foundation?

Answer- The Foundation Examinations will be held in the month of May and November every year. 31st Dec. and 30th June is the cut-off date for registration for being eligible to appear in May and November examinations respectively covering a study period of four months.

  1. How many Papers are there in Foundation?

Answer- There will be 4 papers in Foundation.

  1. What is the examination pattern in Foundation Course?

Answer- Out of 4 papers, 2 papers are subjective type (Paper 1 & 2) and rest of the 2 papers is objective type (Paper 3 & 4).

  1. Is there negative marking in Foundation like CPT?

Answer- Yes. Negative marking is for Papers 3 & 4 only and not for subjective papers i.e. 1 & 2.

  1. What are the papers in Foundation?

Answer- following are 4 papers of CA Foundation Examination:

  • Paper I: Principles and Practices of Accounting (100 Marks)

  • Paper 2: Mercantile Law & General English (100 Marks)

  1. Part I: Mercantile Law (60 Marks)

  2. Part II: General English (40 Marks)

  • Paper 3: Business Mathematics and Logical Reasoning & Statistics (100 Marks)

  1. Part I: Business Mathematics and Logical Reasoning (60 Marks)

  2. Part II: Statistics (40 Marks)

  • Paper 4: Business Economics & Business and Commercial Knowledge (100 Marks)

  1. Part I: Business Economics (60 Marks)

  2. Part II: Business and Commercial Knowledge (40 Marks)

  1. How can I qualify Foundation Examination?

Answer- You can qualify Foundation Examination by securing 50 % in aggregate and 40 % in each subject individually.

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No Comments

  • RUBBERTUCKEY says:

    IF ONE FAILED IN LAST ATTEMPT,THEN HOW THEY HAVE TO APPLY FOR CA EXAM FOR THIS ATTEMPT?

  • gourishankar says:

    Thanks for sharing such a useful piece of knowledge. In this article, you have given excellent knowledge regarding the CA foundation registration process.this is very useful for me.

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