CA Foundation Course is the entry level in the Chartered Accountancy course. It is a part of the new curriculum implemented by ICAI on 1st July 2017 which has replaced the Common Proficiency Test. The Exams for CA Foundation conducts twice in a year i.e. May and Nov similar to other levels in Chartered Accountancy course. The next exam will be held in May 2020.
For appearing in CA Foundation exams, students need to register themselves with ICAI by following proper CA Foundation registration process with prescribed registration fees.
After completion of CA Foundation registration process, ICAI will dispatch the CA Foundation study material. So that students can start studying for their upcoming CA Foundation exams with proper CA Foundation syllabus.
Also, check the Mock Test Papers for better practice of CA Foundation Examinations May 2020.
CA Foundation May 2020 – Important Dates
Updation will be done after ICAI official announcement
For Complete Application Procedure of Ca Foundation Course, follow the given link.
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Eligibility Criteria to appear in CA Foundation May 2020
This is an entry level test designed similar to the other courses. A student can register himself or herself with the ICAI for the CA Foundation Course after appearing in the 12th examination conducted by the examining body constituted by law recognized in India or an examination recognized by Central Government or equivalent thereto.
To appear in the May 2020 CA Foundation examination a student needs to get himself/herself register with ICAI on or before 31st December 2019 and in order to appear in Nov 2020 examination, one must complete the registration process on or before 30 June 2020.
After getting himself/herself register for this course a student needs to complete 4 months of study period i.e. if he/she get to register for CA Foundation on or before 31st December 2019 then he/she can appear in May 2020 Examination or if he/she get to register for CA Foundation courses on or before 30th June 2020 then he/she can appear in November 2020 Examination. Foundation Exams held in May and November every year.
A student registered for the CA Foundation Course can appear in this examination after passing the 12th examination and completing minimum 4 months of the study period.
CA Foundation Paper Pattern
Unlike CPT, all the four papers of CA Foundation held at different dates along with one-day preparation leave in each of the paper.
CA Foundation Marking Pattern
CA Foundation Course comprises of 4 papers two of them are subjective and two papers are objective. However negative marking for the wrong answers will remain same in objective papers i.e. for each wrong answer ICAI will deduct ¼ marks 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 getting 40% in individual subjects comparing to CPT in which they needed only 30% in individual subjects. However, the aggregate percentage will remain same i.e. 50%.
Candidates clear this exam based only on their eligibility and not upon any reservation system. This is also one of the major advantages of choosing this reputed course. Chartered Accountancy course is considered as one of the toughest course but CPT is considered quite easy. The result of CPT generally lies between 30%-40%. This will get a major impact due to the implementation of CA Foundation.
Registration Procedure for the Foundation Course
A student can get registration in CA Foundation course by filling an online registration form available on ICAI website in course registration forms under students tab.
He/She need to pay the required fees after filing the registration form through the payment gateway. After making such payment, the system will generate a form, the student would require to take a print out of this form. Its copy is required to be deposited to the concerned regional office after self-attesting (duly signed by the candidate himself/herself) within 7 days of completion of online registration along with the following given documents:-
- Duly signed printout of the online registration form.
- Attested copy of Admit Card/ Mark sheet of 12th Examination issued by recognized examining body.
- One latest color photo of the candidate needs to be affixed on the registration form.
- Attested copy of proof of Nationality, if a candidate is a foreigner.
- Attested copy of proof of special category certificate i.e. SC/ST, if candidate if differently abled person.
- Attested copy of 10th Marksheet.
After completion of the above registration process students can either collect the study material from the concerned regional office (within one month) or it will be sent to the candidate through Centralised Dispatch System.
However, the registration will not get canceled if the student is not able to pass the examination in either one or two attempt or if he/she will not able to appear in exam due to any reason. The registration will be valid for 3 years and also it can be revalidated for any number of time for further 3 years after making a payment of 300/- as revalidation fees or as decided by the council from time to time.
Procedure to Appear in the CA Foundation Examination
Registration in the CA Foundation course does not mean that you can appear in this exam. Students need to file an exam Application form to make them eligible to sit for the exam.
For this, students need to fill an exam application form on the ICAI website by using his/her CA Foundation registration number and password mail on his/her primary id submitted by him/her at the time of registration. The form is required to be submitted to the date declared by the council.
The username will be the registration number for example CRO254123. This username will remain same till the filing of CA Final exam form. However, you can reset the password as and when required.
In order to appear in the examination hall, students require collecting the admit card from the ICAI website which is generally issued before 21 days from the examination date. Admit cards are not sent physically to the students, you can only download it from the ICAI portal by logging into their account. The admit card contains students registration number, his/her name, roll number, examination center, timetable. The students can download their admit cards up to three times from the portal. They are required its print out to get enter in the examination hall.
Also Read: How to Clear CA Foundation
Expected date of result
Students can download their CA Foundation result from the given link. In order to download your result, one has to submit his “Registration Number”.