Ca Foundation Complete Course Guide
CA Foundation Course 2022 – Complete Guide
CA Foundation Course is the first level of the CA Course to become a Chartered Accountant. The Institute of Chartered Accountants of India (ICAI) conducts the CA Foundation exams, twice a year i.e., in the month of May and November.
On the basis of the eligibility criteria, a student willing to become CA can register for the ICAI Foundation course during or after class 12th. However, they need to complete their class 12th with at least 50%.
Now, in the CA Foundation course syllabus, you’ll learn about accounting, business laws, mathematics and economics. The complete ICAI CA Foundation syllabus is divided into 4 papers:
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- Paper-1: Principles and Practice of Accounting
- Paper-2: Business Laws and Business Correspondence and Reporting
- Paper-3: Business Mathematics and Logical Reasoning & Statistics
- Paper-4: Business Economics and Business and Commercial Knowledge
You’ll get 4 month’s study period to prepare for these 4 CA Foundation subjects.
The total fees for the CA Foundation course 2022 that students have to pay is Rs. 10900. This includes the registration fee of Rs. 9200, exam form fee of Rs. 1500, and the journal membership fee (optional) of Rs. 200. Importantly, the complete fee has to be paid online.
In this complete guide for the CA Foundation course, you’ll get to know about the eligibility criteria, registration, syllabus, dates, exam form, fees, paper pattern, preparation tips, admit card, results, and what after the CA Foundation exam.
Students preparing for the Foundation exams can join the CA Foundation coaching of BCC Gurgaon for the best results.
ICAI recently introduced a new scheme of education and training for the CA Course. Under the new scheme, ICAI has modified the CA Foundation papers, registration validity, paper pattern and passing criteria. We have covered all the details about the new CA Course curriculum. Check the article now.
CA Foundation Course Details 2022
Students interested in learning more about the CA Foundation Course can refer to the table below. Here you’ll find the eligibility criteria, the exam level, the duration, the mode, and the total fees.
| CA Foundation Course Details 2022 | |
| Exam Name | CA Foundation |
| Conducted by | Institute of Chartered Accountants of India (ICAI) |
| Exam Level | National Level |
| Eligibility | Completed or Appearing in Class 12th |
| Preparation Period | 4 Months |
| Duration of Exam | 3+2 Hours |
| Mode of Exam | Offline |
| CA Foundation Total Fees | Rs. 10,900 or $1065 (for Foreign students) |
| Frequency | 2 times in a year i.e. May and November |
| Passing Criteria | Per subject – 40% Aggregate – 50% |
CA Foundation Important Dates – Dec 2022
The CA Foundation exams for the Nov 2022 attempt will be conducted in the month of Dec 2022. So, check the table below for the important dates of the CA Foundation Dec 2022 exams.
| Events | Dates |
|---|---|
| Last Date for Dec 2022 Registration | Aug 14, 2022 |
| Dec 2022, Exam form dates | TBA |
| CA Foundation Exam Dates | TBA |
| Admit Card Release Date | 14 days before the exam |
| CA Foundation Result of May 2022 | August 2022 |
What is the Eligibility of the CA Foundation Course?
According to the CA Foundation eligibility, students who have cleared their class 12 examination constituted by the law or recognized by the Central Government can register for CA Foundation.
However, due to the delay in the Class 12th Central and State Boards Results declaration, ICAI has modified the eligibility criteria and allowed provisional registration for students who have not cleared their 12th Exams.
ICAI now allows students to preliminarily register for the CA Foundation course after passing the Class 10th examinations. It is also announced that this preliminary admission will only be modulated or regularized when the candidate will pass the Class 12th exams.
Graduates and Post-Graduates, who want to pursue CA, can directly register for the CA Intermediate exam through the Direct Entry System. This means that they are exempted from the CA Foundation Exam.
CA Foundation Registration Procedure
All the eligible students can now register for the CA Foundation. ICAI opens the registration window for the whole year but you have to register for the CA Foundation course before the deadline. The last date to register for the Dec 2022 exams is Aug 14, 2022.
Documents Required for the CA Foundation Course Registration
The necessary documents needed for the CA Foundation registration are:
- 10th Class Report Card
- 12th Admit card
- Passport-size Photo
- Proof of Nationality for Foreign students
How to Register for the CA Foundation Course?
Follow the step-by-step CA Foundation registration procedure to apply for the course:
Step 1: Visit the ICAI portal. Tap on the Student’s Tab and go to the ‘Course Registration section.
Step 2: On the registration form section, click on the ‘New User’.
Step 3: Enter the details such as name, DOB, Gender, Aadhar card number, mobile number, email-id and password.
Step 4: Click on “Generate OTP, and then verify it. The OTP will be sent on your registered mobile number and the verification link on your email id.
Step 5: After verification, your personal profile is created and you will receive the login credentials.
Step 6: Now, log in and select the “Student Cycle”. For this, click on ‘Apply for Foundation’, fill in the necessary details and click on ‘Save and Next’.
Step 7: Afterwards, pay the registration fees. The fees will be paid online, so you’ll need a Master/Visa/Maestro Credit/Debit/Rupay/Net Banking Card.
Step 8: After the successful payment of the CA Foundation registration fee, you’ll get the registration form.
You have to deposit the form within 7 days, duly signed by the candidate.
CA Foundation Registration Validity – Once the registration is done for the Foundation course, it will be valid for three years. In addition to that, it can be revalidated any number of times for a further three years by depositing nominal fees of Rs. 300.
CA Foundation Course Fees
The CA Foundation Course fee for Indian students is Rs. 10,900 and for foreign students, it is $1065. However, it is not to be paid as a one-time payment.
At the time of registration, you need to pay Rs. 9000 plus Rs. 200 for the cost of the foundation prospectus. We also recommend subscribing to the student’s journal as you’ll get the latest update from it. While filing the foundation exam form, you’ll need to pay Rs 1500.
For foreign students, the registration fee will be $700 plus $20 for the cost of the foundation prospectus. The exam form fee for foreign students is $325.
Check the complete CA Foundation fees structure for Indian and Foreign students in the table below:
| Details of Fees | Indian Students | Foreign Students ($) |
|---|---|---|
| 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 | Rs. 10,900 | $1065 |
The CA exam form fee for the Kathmandu centre is Rs. 2200. Once the above registration process is completed, the CA Foundation study material will be dispatched to the candidates through the Centralized Dispatch System (CDS).
CA Foundation Syllabus and Study Material
The CA Foundation course is divided into 4 subjects. The syllabus includes accounting, business law, mathematics, and economics. The CA Foundation Syllabus is released by ICAI every year for the students. Check the subjects below.
- Principles and Practices of Accounting
- Business Law and Business Correspondence and Reporting
- Business Mathematics and Logical Reasoning and Statistics
- Business Economics and Business and Commercial Knowledge
To complete the syllabus, you have a study period of four months.
CA Foundation Exam Pattern and Papers
To perform better in the exams, you must understand the CA foundation course, the paper pattern, and the marking scheme. The first two papers (accounting and law) consist of theoretical and practical questions, while the last two (mathematics and economics) are objective with multiple choice questions. Under the revised scheme, negative marking will remain at 0.25 for objective papers.
The ICAI has released a revised CA Foundation Exam Pattern with marks and weightage distribution for all four subjects. The CA Foundation Exam Pattern should be consulted before starting your preparations.
You can also download the CA Foundation question papers, mock test papers, and revision test papers directly from BCC.
CA Foundation Exam Form Dec 2022
Registration for the CA Foundation course is not enough to appear in the exams. You also have to fill out the exam form to inform ICAI that you are appearing in the exam. You can fill out the CA Foundation Exam form from the ICAI portal and pay the requisite examination fees.
Candidates also need to attest to the CA Foundation declaration form with the exam form. The declaration form is the validation that the documents submitted and attested are original and not fake.
Due to some inevitable circumstances, if the registration details entered by the candidate do not match with records maintained by the ICAI, for eg, your registration number, then you can be offered to register provisionally.
CA Foundation Admit Card
Admit cards are required to sit in the examination hall. ICAI generally issues admit cards 14 days before the exams. Moreover, it has ceased to send admit cards physically or offline. Now you can only download CA Foundation admit card online from the ICAI website.
Take the printout at least 10 days before the exam to avoid a last-minute hurry. After downloading, in case you found any error in Center/Medium (resulting from wrong details submitted in the application form), then you have a chance to rectify such an error
Correction Window for the CA Foundation
The ICAI provides 2 correction windows for the students who want to change something in their exam form. In the first window, you don’t need to pay the fees for correction. Whereas, in the second correction window, you have to pay the correction fees of Rs. 1000/- per application.
- Free Window Facility– Under the first correction window, a student can change his/her Center/Medium within one week after the last date of submission of the Examination form. The details of the form are available on the ICAI website.
- Correction Window Facility (with fees)– Under this window, a student can change his/her Center/Medium with the payment of Rs. 1000/- per application. Generally, this window is open for correction up to one week before the exam. But requests made immediately before 7 days will not be entertained by the ICAI in any case.
CA Foundation Results
The result for the CA Foundation course will be declared two months after the exams. You can check your CA Foundation Results through ICAI website/SMS/Email. If any student has scored more than 70% then he will receive a certificate with “Pass with Distinction” from ICAI
How to Prepare for the CA Foundation Exams?
CA Foundation exams are not tough but students need to prepare well in order to crack them on the first attempt..
- Prepare a study plan for yourself before starting studying and strictly follow it.
- Students who are weak in Maths must focus on Statistics and Logical Reasoning.
- While studying, make proper notes on each topic. They will help in revising the syllabus on exam days.
- Make a strong command over the calculator. Know the time-saving calculator tricks to get more time in the exams.
- Complete the entire CA Foundation course early so that you can revise at least 3 times.
- After completing the syllabus, solve a sufficient Amount of mock test papers.
What after CA Foundation Exams?
After the CA Foundation course, now you have to prepare and register yourself for the next step i.e. CA Intermediate. Start your preparation by going through the CA Intermediate study materials and recommended books. Also, by solving the previous year’s question papers, MTPs and RTPs. provided by the ICAI.
FAQs
Q1. What is the CA Foundation exam?
Ans. CA Foundation exam is the first level of the Chartered Accountancy course to become a CA. The exams for the CA Foundation course are usually conducted in the months of May and November.
Q2. What subjects are there in the CA Foundation Course?
Ans. There are 4 subjects in the CA Foundation course namely, Accounts, Business Law, Business Maths, and Business Economics.
Q3. What are the passing criteria for the CA Foundation examinations 2022?
Ans. Candidates need to get at least 40% in all four papers and a total of 50% marks i.e., 200 out of 400 marks.
Q4. Is CA Foundation easy to clear?
Ans. CA Foundation is not a hard exam but you have to prepare well for the exam.
Q5. How long is the CA Foundation course?
Ans. The duration of the CA Foundation course is 6 months. Here, the 4 months is the study period and the next 2 months are the waiting period for the CA Foundation result.
Q6. What are the criteria for negative marking in the CA foundation paper?
Ans. ¼ mark is deducted in objective papers for every wrong answer.
Q7. How many times can I appear in CA Foundation Exam?
Ans. Your registration is valid until 3 years, so you have a total of 6 attempts. After this duration, you have to renew your registration.
