menu

CA Foundation [ CA Foundation ]

Author
By Srushti Pargat Last Updated: December 11th, 2020

The CA Foundation is an examination for candidates that are interested in chartered accountancy in India. This examination is a 1st level CA Examination conducted by the ICAI, also known as the Institute of Chartered Accountants of India, to help aspirants fulfill their dream of becoming a chartered accountant who is eligible to practice in India. Candidates that are interested can fill in the application form for the CA Foundation examination online mode on the official website - icaiexam.icai.org.

Candidates who wish to apply for the CA Foundation should have passed the 12th class and can go through the eligibility criteria to get a clear idea of whether they can apply for the examination.

Important Dates for CA Foundation 2021

Events Dates
The registration process for the May Session 4th week of December 2020
Beginning of the CA Foundation Exam Form Filling 1st week of February 2021
The deadline for the application form filling 4th week of February 2021
The deadline for submitting the late fee and the application form 1st week of March 2021
Deadline for the printing of the receipt for the online examination application 1st week of March 2021
Correction window is open 2nd week of March 2021
Release of Admit Card To be notified
Date of Examination 2nd week of May 2021
Declaration of Result 3rd week of July 2021
Registration begins for the November session 4th week of Jun 2021

Eligibility Criteria for CA Foundation 2021

·Candidates who want to apply must qualify for their 12th class examination or equivalent from a recognized board to be eligible.

·Candidates must have registered, before the last day of registration, for the CA Foundation Examination with Foundation Course with BoS (Board of Studies) of the ICAI.

Application Procedure for CA Foundation 2021

Aspirants that are looking to apply must visit the official website www.icai.org.

Candidates must register themselves by filling in the necessary details such as their Name, Date of Birth, Sex, mobile number, and e-mail ID.

After filling in all the details mentioned above, candidates should submit the form. Candidates can then mention other important information like their Caste, Nationality, Educational Qualifications, Mother’s Name, Father’s Name, and Address details.

After that, the candidate can log in with their ID and password, which would have been sent to the candidate via E-Mail.

After these details are filled in successfully, applicants are supposed to upload clear scanned images of the passport size photograph and signature in the specified size and format, as mentioned.

Finally, the applicants should make sure to take a printout of the filled-in application form. Candidates must then pay the application fee.

Application Fees of CA Foundation 2021

Test Centers Application Fees Structure
For Indian Centers Rs. 1500
For Kathmandu (Nepal) Centre Rs. 2200
Late fee charges for the Centres in India and in Kathmandu Rs. 600
Late fee charges for Overseas Centres US$ 10
Overseas Centre(s) – Excluding Kathmandu Centre US$ 325

Exam Centers in India

·     Gorakhpur

·     Navsari    

·     Vijayawada

·     Gandhinagar   

·     Neemuch

·     Visakhapatnam

·     Ghaziabad                

·     Noida

·     Ahmedabad

·     Agra                  

·     Ongole

·     Delhi        

·     Guntur

·     Gurgaon 

·     Palakkad

·     Ahmednagar

·     Guwahati

·     Palghar

·     Nellore    

·     Warangal

·     Gondia    

·     Nizamabad      

·     Yamuna Nagar

·     Bhiwandi

·     Sikar

·     Bhopal    

·     Kolkata    

·     Siliguri

·     Kishangarh

·     Navi Mumbai  

·     Vellore

·     Gandhidham           

·     Shimoga

·     Bhiwani  

·     Kolhapur

·     Yavatmal

·     Firozabad        

·     Fatehabad       

·     Nashik     

·     Vasai

Overseas Centers

·       Abu Dhabi

·       Kathmandu

·       Muscat

·       Dubai

·       Doha

Syllabus for CA Foundation 2021

First examination: Principles & Practice of Accounting

This examination includes the following:-

·Introduction to Company Accounts

·Bank Reconciliation Statement

·Theoretical Framework

·Accounting Process

·Inventories

Second examination: Business Laws & Business Correspondence & Reporting

This examination includes the following:-

·Synonyms and Antonyms, Prefixes and Suffixes Vocabulary Root Words, Phrasal Verbs Collocations, and Idioms

·Sentence Types and Word Power

·Communication

Third examination: Business Mathematics, Logical & Statistics

This examination includes the following:-

·Theoretical Distributions

·Business Mathematics

·Time value of Money

·Logical Reasoning

·Statistics

Fourth examination: Business Economics & Business & Commercial Knowledge

This examination includes the following:-

·Government Policies for Business Growth

·Business and Commercial Knowledge

·Introduction to Business Economics

·Common Business Terminologies

·Business Economics

Exam Pattern for CA Foundation 2021

·The examination will be conducted in two shifts – morning shift and afternoon shift.

·The first shift would be from 10:30 am - 12:30 pm. Whereas the second shift will be from 2:00 pm - 4:00 pm.

·In this entrance examination, all the questions will be of objective type.

·CA Foundation Entrance Examination is a total of 200 marks.

·There will be a negative marking scheme of ¼ of the marks allotted to a question.

Papers CA Foundation Subjects Marks Distribution
Paper 1 Principles and Practices of Accounting 100 Marks
Paper 2 Business Laws and Business Correspondence and reporting1. Business Laws2. Business Correspondence and Reporting 100 Marks(60 Marks)(40 Marks)
Paper 3 Business Mathematics and Logical Reasoning and Statistics.1. Business Mathematics2. Logical Reasoning3. Statistics 100 Marks(40 Marks)(20 Marks)(40 Marks)
Paper 4 Business Economics and Business and Commercial KnowledgeSection A: Business EconomicsSection B: Business and Commercial Knowledge 100 Marks(60 Marks)(40 Marks)
Chapter Chapter Names
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 Syllabus

Part/Section  
Communication  
Sentence Types and Word Power  
Comprehension Passages and Note Making  
5. Note Making
Developing Writing Skills  
7. Précis Writing
8. Article Writing
9. Report Writing
10. Writing Formal Letters
11. Writing Formal Mails
12. Resume Writing
13. Meetings

Part – B: Logical Reasoning (20 Marks)

Chapter Chapter Names
1 Number Series, Coding and Decoding and the odd man out
2 Direction Tests
3 Seating Arrangements
4 Blood Relations
5 Syllogism

Part – C: Statistics (40 Marks)

Chapter Chapter Names
1 The 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

Business Economics And Business And Commercial Knowledge

This is the fourth subject for the CA Foundation, which is included to help candidates to make their concept of Business Economics strong and to be able to apply these concepts and theories in problem-solving.

Business Economics 

Chapter Chapter Names
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

Business and Commercial Knowledge

Chapter Chapter Names
1 Business and Commercial Knowledge – An Introduction
2 Business Environment
3 Business Organizations
4 Government Policies for Business Growth
5 Organizations Facilitating Business
6 Common Business Terminologies

Preparation Tips for CA Foundation 2021

Candidates should go through the following preparation tips and follow them to score well in the examination.

·It is advised that candidates should go through the complete exam pattern and syllabus prescribed by the officials much before the day of the exam.

·Candidates should also solve previous year question papers and sample papers to get exposed to the different types of questions and the examination pattern while also getting used to the time restrictions.

·Candidates should also remember to make an efficient study timetable that gives them the right amount of time to prepare without getting stressed out. They should make sure they follow it on a regular basis.

·Another key factor to remember is that candidates should maintain a fit and healthy mind and body during the preparation as well as a few days before the examination.

·Along with working towards their strategy for the exam, applicants should also watch out for simple mistakes they can make that could cost them heavily. From carrying the right documents, reaching the examination center on time, to avoiding calculation errors, all these are small things every applicant should keep in mind.

·Keeping the time limitations in mind, it is expected that the applicant should not spend too much time on a single question but also not rush through the questions as it could cause panic.

·Skipping questions that require more time is the smarter thing to do compared to playing a guessing game as the examination does have a negative marking scheme.

FAQs

Q: Can a student use a 12 digit calculator in CA Foundation Exams?

A: Yes, Students can use a 12 digit Calculator in their CA Foundation Exams.

Q:  There is any kind of negative marking in CA Foundation Exams?
A: Yes, for every wrong answer, there is a negative marking of 0.25.

Q: How many times can a student attempt the CA Foundation Exam?

A: A Student can attempt for three years, i.e., can give for six attempts for CA Foundation Exams.

Q: What are the subjects in CA Foundation?

A: There are a total of four subjects in the CA Foundation  Entrance Examination:

1.    Principles and Practice of Accounting

2.   .Business Laws, Business Correspondence & Recording

3.    Business Mathematics, Logical Reasoning & Statistics

4.    Business Economics, Business & Commercial Knowledge.

Best Wishes to all CA Foundation aspirants from CollegeMarg team!

Apply for Admission 2021

View all Application Form

Related Courses

View all Courses

SUBSCRIBE TO LATEST NEWS AND NOTIFICATION