CA Foundation Complete Course Guide

CA Foundation Complete Course Guide 2020

CA Foundation Complete Course Guide

CA Foundation Complete Course Guide: CA Foundation Exam is an entry-level exam for students those want to pursue their career in Chartered Accountancy. It is a national level exam which includes 4 papers conducted by the Institute of Chartered Accountants of India (ICAI) twice a year as once in May and in December. The students can only apply and appear for the CA Foundation exam if they have cleared Class 12th.

In this article, the students can get complete detail about CA Foundation Exam, its syllabus, exam pattern, books, and papers.

CA Foundation Complete Course Guide

CA Foundation is an entry-level test organized by ICAI for CA aspirants. You can appear in the exam every six months. 12th examination appearing aspirants can register for the CA Foundation course.

The ICAI forms the difficult entry-level Chartered Accountant Foundation exam better than CPT.

A Brief Overview To CA Foundation Examination 

Here you can find an overview to follow in CA Foundation Examination. You can register on May/ Nov every year to appear in the examination.

  • Eligibility –You should accomplish the 12th examination. Then only, you will be eligible to get register in this course and appear the exam.
  • Preparation – After complete registration, you will get four months to prepare for the exam. By creating a better study plan and with the best foundation study materials, you can do perfect preparation.
  • Application Form – You have to fill the application form through the ICAI portal for the Foundation exams.
  • Admit Card – The ICAI releases the admit card 21 days before the exams. You can easily download your admit card from the ICAI portal. Keep in mind that they will not send your admit card via post.
  • Error Correction – They are providing error correction facilities. You can easily apply for the correction of your application form. ICAI has provided the facility of two correction window, each has a separate time limit.
  • One Month Preparation  You should prepare seriously in this period. Revise the various topics you have covered earlier. Solve the mock test, previous exam papers to build a better time management skill in the exam, and develop confidence. It will help you to get a high score. You should prepare for a high score.
  • The result – You have to wait approx. Two months to get the result. You can easily check the result via the official website of ICAI.

ICAI CA Foundation Eligibility for Registration

You can get a chance to attend the exam in six months. Generally, it is conducted in MAY and November. You can easily register in this course after appearing in the 12th examination or after passing the 12th Examination.

You will get a preparation period of four months after registration for the exam. That means you have register yourself in December 2020 to appear in the May 2020 exam. On the other hand, you have to register in June 2020 to appear in November 2020 examinations.

You have to know the complete syllabus to make your high preparation level. The entire Foundation syllabus is divided into four subjects –

  1. Principles and Practices of Accounting
  2. Business Law and Business Correspondence and Reporting
  3. Business Mathematics and Logical Reasoning and Statistics
  4. Business Economics and Business and Commercial Knowledge

ICAI CA Foundation Registration Procedure

ICAI lets you the facility to apply online for CA Foundation exam. You can register via the ICAI portal. After filling all respective details and paying fees online, you have to submit the application form online. Once the payment is successful, it will automatically generate the form which is required to get print.

You should sign the printed form and send it within 7 days to their official address along with the following documents –

  • Your attested Copy of the Admit Card/ Marksheet of class 12th examination issued by the respective board.
  • You should affix a latest coloured photograph on the hard copy of such registration form.
  • If you are residing is in another country, then attested a copy of proof of Nationality.
  • Attested copy of proof of special category certificate, i.e. ST/SC/OBC, differently-abled.
  • You have to provide an attested copy of 10th Marksheet/ Admit card indicating the Name and Date of Birth.

Once the registration is accomplished, it will be valid for three years. After that, you have to pay a fee as decided by the ICAI.

If you want to appear the exam in May/Nov 2020 and not registered yet, then read this guide to know CA Foundation Complete Registration Procedure

CA Foundation Registration Fees

You have to pay a fee to complete the registration. The Foundation fee structure is as below.

S.No.

Details of Fees

Rupees

For Foreign Students (US $)

1.

Cost of Foundation Prospectus

200

20

2.

Foundation Registration Fees

9000

700

3.

Subscription for Students Journal (For one Year- Optional)

200

20

Duration of Study Period for Students

After completion of your registration, you should check the Foundation Syllabus and make a study plan for CA Foundation according to it. Make sure you have enough best CA Foundation Books and Study Materials.

Don’t just think to crack the exam instead of it prepare for a high score. Dream big from the beginning so that you will not face failure in the entire journey as a CA student.

CA Foundation Application Form (Exam Form)

You will not be able to appear the exam just after registration. You need to send the printed application form to the official address of ICAI.

Note that, If your photograph and signature are already appearing on the PDF is not required to send the hard copy/print out of such PDF at the Exam Deptt.

You have to send your printed form in an envelope (without folding) by speed post to the 

Joint Secretary Exam (Examination Department),

The Institute of Chartered Accountants of India,

ICAI Bhawan, Indraprastha Marg, New Delhi – 110002.

CA Foundation Syllabus 2020

The students must check the syllabus of ICAI exams to know the subjects and topics that will be covered in the CA Foundation exam so as to prepare accordingly. The CA Foundation syllabus 2020 focuses on enhancing the students’ application skills & promoting comprehensive knowledge.

PAPERS

CA Foundation Syllabus 2020

Subjects

Paper 1

Principles and Practice of Accounting

 

Paper 2

Business Laws and Business Correspondence

Business Laws

Business Correspondence and Reporting

Paper 3

Business Mathematics, Logical Reasoning and Statistics

Business Mathematics

Logical Reasoning

Statistics

Paper 4

Business Economics and Business & Commercial Knowledge

Business Economics

Business and Commercial Knowledge

CA Foundation Exam Pattern

The Institute of Chartered Accountants of India (ICAI) has released the CA Foundation exam pattern. Before starting the preparation of the CA foundation exam, the students must know the complete details of the exam pattern of CA Foundation so as to prepare themselves efficiently and appear for the CA Foundation exam with the confidence to get good scores.

It includes several aspects of the question paper like medium and type of questions to be asked, distribution of marks, time limit, and many more. The students must follow the below details as per the CA Foundation exam pattern:

Papers

Sections

Marks

Paper 1

Principles And Practice Of Accounting

100

Paper 2

Business Laws And Business Correspondence

a) Business Laws

60

b) Business Correspondence And Reporting

40

Paper 3

Business Mathematics, Logical Reasoning And Statistics

a) Business Mathematics 

40

b) Logical Reasoning

20

c) Statistics

40

Paper 4

Business Economics And Business & Commercial Knowledge

a) Business Economics 

60

b) Business and Commercial Knowledge 

40

  • The students have the option to choose question paper in two languages such as English or Hindi.
  • Each paper includes a maximum of 100 marks and the exam duration of time is three hours for every paper.
  • Paper 1 & Paper 2 consist of subjective type questions and Paper 3 & Paper 4 consist of MCQs.
  • There is a negative marking for wrong answers in objective types of questions and 1/4th marks are deducted for every wrong answer.
  • The students need to score 40% marks in every paper & aggregate 50% marks in all the papers to clear the CA foundation exam.

CA Foundation Exam Time Table 2020

The students can check the timetable for Paper 1, Paper 2, Paper 3, and Paper 4 from the table below:

Paper

Subjects

Exam Dates

Examination Timings

1

Principles and Practice of Accounting

7th August 2020

2.00 PM to 5.00 PM

2

Business Laws and Business Correspondence and Reporting

9th August 2020

2.00 PM to 5.00 PM

3

Business Mathematics and Logical Reasoning & Statistics

11th August 2020

2.00 PM to 5.00 PM

4

Business Economics and Business and Commercial Knowledge

14th August 2020

2.00 PM to 5.00 PM

CA Foundation Study Material

The students can easily clear the CA Foundation exam after knowing the CA Foundation exam pattern & syllabus and with better preparation strategy.

  • They need to test their level of preparation by practicing more & more from CA Foundation books.
  • Practice CA Foundation study material 2020.
  • Practice CA Foundation sample papers
  • The students should also take CA foundation, online classes

CA Foundation Admit Card

Without a valid CA Foundation Admit Card, you will not be able to appear the exam. You can download the admit card generally in 21 days before the exam. If any errors in your admit card, please inform ICAI authority as soon as possible.

You will get the facility to download the admit cards maximum three times. You should take the print out at least 10 days before the exam to avoid last-minute hurry.

Correction Window in CA Foundation

You will get two windows for correction as below.

  • Free Window Facility– You can change your Center/Medium within one week after the last date of the application form(without late fees) via the official site.
  • Correction Window Facility (with fees) – You can change your Center/Medium with the payment of Rs. 1000/- per application. Generally, it is available for correction up to one week before the exam.

You should also require to carry your registration form at the exam center along with the admit card to avoid any mistakes.

CA Foundation Result

You will able to check your results approximately two months after the exam. You need to visit the official website of ICAI CA. 

In order to check the result, candidates must follow the steps given below.

Steps to Check CA Foundation Result

  • Step 1: Go to the official website – icaiexam.icai.org
  • Step 2: Click on the ‘Results’ option
  • Step 3: Now click on ‘Foundation: May 2020’ from the links available
  • Step 4: Enter your roll number and PIN or registration number
  • Step 5: Copy the captcha code and click on the ‘Check Result’ button
  • Step 6: Your CA Foundation 2020 result will be displayed on the screen, take prints for future references.

CA Foundation Merit List

The exam authorities will release the merit list of candidates who will be shortlisted in the CA Foundation 2020 result. Candidates can check the merit list by following the process provided below.

Steps to Check Chartered Accountant Foundation Merit List

  • Once you have reached the result links, scroll down to the merit list links
  • Click on ‘Foundation: May 2020’ under ‘Check Merit List’
  • A login window will appear on the screen
  • Enter your registration number or roll number
  • Enter the captcha code
  • Click on the ‘Check Result’ button, the merit list will be displayed on the screen.

Chartered Accountant Foundation Coaching

You can prepare CA Foundation by yourself with the best study materials. Along with the study materials and books, you can join a better coaching institution to develop a better base on every topic. It will enhance your depth of knowledge to get a good score.

Now you have detailed information on Ca Foundation Exam Complete Guide. Feel free to ask any questions in the comment section below.

Leave a Comment