The CA Foundation Course is the entry-level exam of Chartered Accountancy. There are 4 papers in CA Foundation Course, namely, maths, accounts, law and Business Economics.
ICAI CA Foundation Syllabus:
Paper 1: Principle and Practice of Accounting
Paper 2: Business Laws and Business Correspondence and Reporting
Paper 3: Business Mathematics and Logical Reasoning and Statistics
Paper 4: Business Economics and Business Commercial Knowledge
Moreover, The Institute of Chartered Accountants of India (ICAI) is responsible for conducting the CA Foundation exam. The CA Foundation exams are held twice a year in the month of May and November.
CA Foundation Course is picked by candidates who want to establish their career in the financial fields such as Finance, Law, Economics & Accounts. By studying chartered accountancy. Now in the CA Foundation syllabus, students will learn about accounting, business law, economics, and Mathematics.
The Students have to pay Rs 10900 as the total fee for CA Foundation Course 2022. In the total CA Foundation fee the registration fee is Rs 9200 and the exam form fee is Rs 1500 and the journal membership fee(optional) is Rs 200. The complete fee has to be paid online.
A student willing to become CA can register for the CA Foundation course. The students can register for the CA Foundation course during or after class 12th. In this article, we are going to cover the details of the ca foundation course, eligibility criteria, syllabus, exam pattern, exam levels, exam duration, registration & exam fees for CA Foundation 2022 exams.
CA Foundation Course 2022 – Overview
Below is the important information regarding the CA Foundation Course 2022 such as exam name, conducted by, eligibility, exam level, exam duration, and exam mode.
|Exam Name||CA Foundation|
|Conducted by||Institute of Chartered Accountants of India (ICAI)|
|Exam Level||National Level|
|Eligibility||Students appearing for class 12th exams or already cleared 12th|
|CA Foundation Subjects||1. Principles and Practice of Accounting. |
2. Business Laws and Business Correspondence and Reporting.
3. Business Mathematics and Logical Reasoning & Statistics.
4. Business Economics and Business and Commercial Knowledge.
|Exam Duration||3 + 2 Hours|
|CA Foundation Fees||Rs 11,300, including registration fees, examination fees, and other charges & (1105 $ For Foreign Students)|
|Frequency||2 Times a year|
|CA Foundation Registration Validity||Valid till November 2025|
|CA Foundation Passing Criteria||40 % marks in each subject or 50 % mark overall|
|CA Foundation Course Duration||4 Months|
Important dates for CA Foundation Course 2022
Below are the important dates related to CA Foundation Dec 2022 Exam:
|Last Date of Registration for Dec 2022||14th August 2022|
|Exam Form date for Dec 2022 Attempt||TBA|
|CA Foundation Exam Date (Revised)||TBA|
|Admit Card Releasing Date||14 Days before Exam|
|CA Foundation Result May 2022||August 2022|
CA Foundation 2022 Course Eligibility
A candidate must adhere to certain eligibility criteria that are fundamental to the application process before filling out the form. There are specific conditions listed below that have to be met before applying for the CA foundation by the ICAI:
- In order to be eligible, the candidate must have completed his or her senior secondary education or its equivalent from a recognized board or university.
- Students who had cleared their 12th from arts or science background are also eligible for the CA Foundation exam.
ICAI has now enabled class 10th students to register for the CA Foundation course before passing Class 10 examinations. In addition, this preliminary admission will only be modulated or regularised after the candidate passes their 12th-grade exams.
In order to pursue CA, Graduates and Postgraduates can directly register for the Intermediate CA exam using the Direct Entry System. Therefore, the Foundation CA exam is not required for them. For more detailed information about eligibility, you can Read More.
CA Foundation Registration 2022
When students pass their 12th exam and want to become CAs and are interested in completing the CA Foundation Course, they need to register themselves with ICAI and pay the prescribed registration fee to complete the registration procedure. However, the last date for registration for the May 2023 attempt is 1st January 2023. In case any student missed this attempt then the student can register for Dec 2022 attempt on 14th August 2022.
Any candidate can register on their own by going to the official website of ICAI for appearing in CA Foundation 2022 course, Students have to keep in mind that there is no other offline method for registration, it can be only done online through the ICAI portal. While filling out the registration form, Make sure to fill in the correct details in the registration form because if a mistake has been done in the form then the student has to pay the additional cost for correction on the registration form.
How to Register for CA Foundation Course 2022?
First, You have to go to the ICAI portal, Then move toward Course Registration Forms under the students’ Tab. After that, you can register yourself for the CA Foundation course there. The registration is open for the CA Foundation Course of May 2023 attempt, as the last date for registration is till 1st January 2023.
To know more about the CA Foundation Registration Procedure Click Here. Once, the student completes the process for CA Foundation Registration, ICAI will dispatch the CA Foundation Study Material. In order to prepare students with the proper syllabus for their upcoming CA Foundation exams. Check out the link to know about the complete CA course duration & CA Exam Pattern for Foundation, Intermediate, and Final.
Documents Required for CA Foundation Course Registration
Below are the required documents for CA Foundation Registration:-
- Marksheet of Class 10th Exam.
- Admit Card of 12th Class Exam.
- Passport Size Photographs.
- Nationality Proof (Required for Foreign Students)
CA Foundation 2022 Registration Validity
Once a student has registered for the CA Foundation course then the registration is valid for 3 years from the date of registration. For instance, If a student is unable to clear the CA Foundation exam on the first attempt then they have 5 more attempts to pass the exams without paying any extra cost for registration fees.
CA Foundation Course Fees Details 2022
For instance, students must pay the full fees of Rs 11,300 including miscellaneous charges for the CA Foundation course. There are three main parts of fees which are Registration Fees, Exam form Fees & Extra cost.
However, if a student wants to be part of the journal membership, they have to pay (200 Rs) as a one-time fee to the part of the journal membership.
Fees structure table for CA Foundation Course 2022
|S.No.||Fees Details||In Rupees (For Indian Students)||US $( For Foreign Students)|
|1||Cost of Foundation Prospects||200||20|
|2||CA Foundation Registration Fees||9000||700|
|3||Subscription Fees for Students Journal (Optional)||200||20|
|4||Subscription Fees for Members Journal (Optional)||400||40|
|5||CA Foundation Exam Form Fees||1500||325|
CA Foundation Syllabus 2022
The CA Foundation Syllabus consists of 4 Papers namely, accounts, law, maths and Economics. The 1st and 2nd papers are objectives, whereas the other 2 are subjective. Candidates have to score a minimum of 40% on every paper and 50% overall to pass the CA foundation course. Given below is the CA Foundation Syllabus table divided into four papers:
|CA Foundation Papers||Sections|
|Paper 1:Principles and Practises of Accounting||–|
|Paper 2: Business Law & Business Correspondence & Reporting||Section A – Business LawSection B – Business Correspondence and Reporting|
|Paper 3: Business Mathematics, Logical Reasoning, and Statistics||Part A – Business MathematicsPart B – Logical ReasoningPart C – Statistics|
|Paper 4: Business Economics and Business and Commercial Knowledge||Part A – Business EconomicsPart B – Business and Commercial Knowledge|
Important note – Students will not receive advance reading time in Paper 3 and Paper 4 of the examination, but there will be 15 minutes allotted to them for Paper 1 and Paper 2.
CA Foundation Marking Scheme
CA Foundation Course comprises 4 papers two of them are subjective and two papers are objective. However negative marking for the wrong answers will remain the same in objective papers i.e. for each wrong answer ICAI will deduct ¼ mark and for each correct answer candidate will be given 1 mark. Two new subjects are also introduced in the new CA Foundation course syllabus seeing their importance. Students require to get 40% in individual subjects compared to CPT in which they needed only 30% in individual subjects in CA Foundation. However, the aggregate percentage will remain the same i.e. 50%.
Below is the CA Foundation Marking Pattern Table for 2022 CA Foundation Exams:
|CA Foundation Papers||Sections||Marks|
|Paper 1: Principles and Practises of Accounting||–||100|
|Paper 2: Business Law & Business Correspondence Reporting||Section A – Business LawSection B – Business Correspondence and Reporting||6040|
|Paper 3: Business Mathematics, Logical Reasoning and Statistics||Part A – Business MathematicsPart B – Logical ReasoningPart C – Statistics||402040|
|Paper 4: Business Economics and Business and Commercial Knowledge||Part A – Business EconomicsPart B – Business and Commercial Knowledge||6040|
If you need mock test papers for practice, then check the link of Mock Test Papers for better practice for CA Foundation Examinations Dec 2022.
CA Foundation Exam Form 2022
Registration in the CA Foundation course does not mean that you can appear in this exam. Students need to file a CA foundation exam Application form to be eligible for the exam. Students are required to fill out an exam form on the official ICAI website by using their same CA Foundation registration number and password submitted at the time of registration. So, students please make sure to submit your exam form before the last date. While filling out the exam form, the Username will be the registration number for example CRO254123. This username will remain the same till the filing of the CA Final exam form. However, you can reset the password as and when required.
CA Foundation Admit Card Details
In order to appear in the CA Foundation Dec 2022 examination, Students require the admit card for the Dec 2022 attempt. However, ICAI issued the CA Foundation admit card 14 days before the commencement of the exam. Students can download the admit card only from the ICAI official website. For downloading admit card student has to login into their account on the ICAI portal after that they can download it from there. The admit card contains the student’s registration number, his/her name, roll number, examination centre, and timetable. The students can download their admit cards up to three times from the portal. They are required its print out to get enter the examination hall
How should you prepare for the CA Foundation Dec 2022 exam?
- Create a proper schedule and follow it.
- Allocate time for each subject.
- You should also read the study material provided by ICAI.
- Try to complete the syllabus one month before the exams so that you can review the material at least three or four times.
- For quick revision, solve mock test papers.
- Get an idea of the exam pattern by solving the previous year’s question papers.
Get more detailed information for preparation: How to Clear CA Foundation
CA Foundation Result
ICAI declared the CA Foundation result on 10th August 2022. Students can check and download their CA Foundation Result June 2022 directly on the ICAI portal under the student tab. Also, Read Our Blogs on CA Foundation Exam Tips and Preparation Strategy.
CA Foundation Books
The best books for CA Foundation preparation for Dec 2022 are:
- General Economics – S.K. Agarwal
- Fundamentals of Accounting for CA Foundation – P.C Tulsian and Bharat Tulsian
- Fundamentals of Accounting – D.G Sharma
- Mercentile Laws for CA Foundation – P.C Tulsian
- Quantitative Aptitude Mathematics with short tricks – CA Rajesh Jogani
- Quantitative Apptitude – P.N. Arora
What After CA Foundation Exams?
After the CA Foundation Course, students can start preparing and register for CA Intermediate which is the second level in the CA course. Start your preparation but going through CA Intermediate study material and recommended books. Students can also go through CA intermediate question papers, mock test papers, and revision test papers provided by ICAI.
Frequently Asked Questions
Q1. How long is CA Foundation Course?
Ans: The Total Course duration of CA after Class 12th is 4.5 Years.
Q2. What are the subjects in CA Foundation Course?
Ans: The CA foundation subjects are as follows:
- 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.
Q3. What is the qualification for CA Foundation?
Ans: Students who have passed the Class12th Examination with a minimum of 50% can enroll in CA Foundation Course.
Q4. What is CA Foundation Fees?
Ans: The total Course fee for CA Foundation is ₹11,300 which only includes fees for the registration form and Examination form.
Q5. What are the passing criteria for CA Foundation Exam?
Ans: To pass the CA Foundation exam students must score 40% in each subject and an aggregate of 50%.
Q6. Is CA Foundation hard?
Ans: CA Foundation is the entry-level exam of the CA Course and is the easiest of all levels in the CA Course.
Q7. Is there any negative marking in the CA Foundation paper?
Ans: Yes, 1/4th mark is deducted for every wrong answer in objective-type papers.
Q8. The details I entered in the registration form are incorrect. What should I do?
Ans: You can change your information by going to the recheck window provided by ICAI. It’s totally free for the first time. However, You can’t change your name & date of birth.
Q9. How much time will I get to study for the exams?
Ans: ICAI provides you with mandatory preparation time between registration and exam date. It consists of a 4-month study period. Follow the top 10 secrets for sure success in the CA Foundation exams.