The direction in a career track that provides extensively rewarding and exciting career possibilities pursuing CA post to graduation would be a major goal for years. While CA Foundation Test has been selected by the students who want to continue their career in the domain of Economics, Finance, Law, and Accounts Chartered Accountant enhance the individual’s knowledge of Auditing and Taxation, Cost Accounting, Budgeting, Consulting, and Financial Management in terms of an organization.
So, you should have the ardor to maintain a pivotal designation across a highly gratifying area of Accountancy, then studying CA is the most suitable option. It is included amongst the hardest exams across the globe. Through this blog, we would talk about the details of the CA foundation exam, course along with the dates relating to it.
CA Foundation exam replaced the CA-CPT exam, and now is conducted by the Institute of Chartered Accountants of India (ICAI) twice a year and it is an entry-level exam for students who want to make a career in Chartered Accountancy. The CA Foundation is the first stage to become a Chartered Accountant (CA) after it you also have to clear, Intermediate, and Final stages. Students need to clear all three stages to become a CA.
To appear in the CA Foundation November 2022 and May 2023 exam candidates have to register with ICAI online.
Here you will get everything you should know about the CA Foundation 2022.
Basic Details of CA Foundation 2022
Here are the basic details of the CA Foundation 2022 exam
|Exam Name||CA Foundation 2022|
|Conducting Body||Institute Of Chartered Accountant of India (ICAI)|
|Level of Exam||National Level|
|Frequency of Exam||November 2022 / May 2023|
|Mode Of Exam||Offline (Pen and Paper Based)|
|Number Of Papers||4|
|Medium of Exam||English/ Hindi(English compulsory for Section B of Paper 2)|
|Basic Eligibility||Passed Class 12 or Appearing for Class 12 in Current Year|
|Exemptions||Graduates and Post Graduates or Candidates with Equivalent Qualification|
|CA Foundation Total Fees 2021||Rs 11,300 (registration fees, examination fees, and others)|
ICAI : Re-schedulement of Foundation Course Examination, May 2022
24th, 26th, 28th and 30th June 2022
Read more Official Announcement: Click here
Here is the updated schedule of CA Foundation 2022-23.
CA Foundation 2022 Dates
|Starting of Application Process||November 2022 / May 2023|
|Last Date to Apply without Late Fee||November 2022 – 1st July 2022 / May 2023 – 1st January 2023|
|Application correction window (Change exam city)||–|
|Last Date to Apply with Late Fee||–|
|Release of Admit card||Releasing soon|
|CA Foundation Exam||May 2022|
|CA Foundation Result||To be Announced|
It’s Time To Give Professional Look to Your CA Website
Online Exam Forms(Foundation,Final_new,Intermediate) – May 2022
|Start Date||21-02-2022 (10:00 Hrs IST)|
|Last Date for Online Submission of form without late fee||13-03-2022|
|Last Date for Online Submission of form with late fee||20-03-2022|
Submit The Online filling up of Examination Application Forms for the May 2022 session: https://icaiexam.icai.org/
Foundation Course – New Scheme – Applicable Material for May 2022 Exams
CA Foundation Registration 2022-23
To register for CA Foundation, candidates must first register with the Board of Studies (BoS) and undergo the four months study period. Registration for CA Foundation November and December 2021 exams has been stated. Interested candidates who want to appear in the CA Foundation exam this year can register now on or before the last date June 30, 2021. The last date for CA Foundation Registration for December Session ended on August 16, 2021.
Candidates may provisionally register in the Foundation Course on or before 16th August 2021 and appear in December 2021 Foundation examination.
CA Foundation Registration is valid for three years. The exam is held twice every year, once in May and the second in November. You can register now for the CA Foundation November exam before the last date.
Registration Dates of CA Foundation 2022-23
|Registration November 2022||1st July 2022|
|Registration May 2023||1st January 2023|
Steps In CA Foundation Course
To clear the CA Foundation candidates have to go through 5 steps
1st Step: Pass 10+2 and then register with the Board of Studies (BOS). Do registration by December 31 for CA Foundation May Session and by June 30 for the November session.
2nd Step: Finish the four-month study period for CA Foundation
3rd Step: Apply for CA Foundation as per the schedule.
4th Step: Appear for Foundation examination in November/ May.
5th Step: Qualify Foundation Course and then register for the Intermediate Course.
Candidates have to fulfill the eligibility criteria to appear in the CA foundation exams, here are they
The candidate must have cleared or appeared in this year in Class 12 or any equivalent examination carried out by a recognized board.
Must have registered for the CA Foundation in any secession as per the schedule.
After the registration candidate has gone through a minimum of 4 months of study period before appearing for the exam.
The Registration Process for CA Foundation 2022-23
The registration process is online, and one-time successful registration will be valid for three years. The candidate can apply and appear for a maximum of six attempts.
CA Foundation Online Registration
- Head to the ICAI Exam official website – icaiexam.icai.org
- Register there and apply online by entering the details and verify with the OTP. Login credentials will be generated.
- Using the Login credentials log in with the ‘Login ID’ and ‘Password’. Fill in all the asked details in the application form and also upload all the required documents.
- Check all the filled details and submit the Application Form.
- Complete the Payment for the application. Get a preview and take a printout of the filled application form.
ICAI has released the CA Foundation online application form 2020. Click on the link below to apply online and register for CA Foundation.
|CA Foundation Online Application Website link||Click Here|
|CA Foundation Online Registration link||Click Here|
CA Foundation Registration Fee
Registration is open throughout the year, and the candidate can register with BOS, here is the fee detail for registration.
|Details of Fee||For Indian Nationals (Rs)||For Foreign Students (USD)|
|Cost of Foundation Prospectus||200||20|
|Foundation Registration Fee||9000||700|
|Subscription for student’s Journal (For One Year ) (Optional)||200||20|
|Subscription for member’s Journal (For One Year ) (Optional)||400||40|
CA Foundation Application Fee
CA Foundation exam is conducted in May or November every year and application windows gets open for a time period. The Application fee details are provided below.
|Exam Centre||Application Fee|
|For Indian Centres||Rs. 1500/-|
|For Katmandu (Nepal) Centre||Rs. 2200/-|
|For Overseas Centres (Abu Dhabi, Doha, Dubai, Muscat)||US$ 325|
CA Foundation Exam Pattern
- There is a set of 4 papers.
- Paper 1 & Paper 2 will have subjective type questions.
- Paper 3 & Paper 4 will have objective type questions.
- Each paper will carry 100 marks.
- The maximum Time duration will be 3 hours.
- There will be no negative marking in Paper 1 & Paper 2.
- Paper 3 and paper 4 will have a negative marking scheme. 1/4th of the marks will be subtracted for each wrong answer.
- Candidates have to get a minimum of 40% marks in each paper and a minimum of 50% marks in aggregate in all papers to pass the CA Foundation exam.
- Exams will be conducted through Offline Mode.
- Papers will be available in Hindi and English but Section B of Paper 2will be conducted in English Medium only.
CA Foundation Syllabus 2022-23
The official CA Foundation Syllabus has now been declared by the Institute of Chartered Accountants of India (ICAI). The same is now available here. Candidates who are going to attend the CA Foundation exam this year can check the full exam syllabus here and download CA Foundation Syllabus PDF for future reference.
There will be a total of 4 papers in the CA Foundation exam, and each paper will have a time duration of 3 hours. Those who are going to participate in the Foundation exam this year must have a clear understanding of the exam syllabus and papers so as to prepare well for the exam. In addition to the CA Foundation Syllabus, you can also find here CA Foundation Exam Pattern to know what subjects are there in the exam and what type of questions will be asked. In this article, you can find complete details about the upcoming CA Foundation Exam Syllabus and Pattern as well as download the CA Foundation Syllabus PDF here.
|CA Foundation Syllabus PDF Download||Click Here|
CA Foundation Papers
|Paper 1||Principles and Practice of Accounting (100 Marks)|
|Paper 2||Business Laws and Business Correspondence and Reporting||Part A : Business Laws (60 Marks) |
Part B : Business Correspondence and Reporting (40 Marks)
|Paper 3||Business Mathematics and Logical Reasoning and Statistics||Part A: Business Mathematics (40 Marks)|
Part B: Logical Reasoning(20 Marks)
Part C: Statistics (40 Marks)
|Paper 4||Business Economics and Business and Commercial Knowledge||Part A : Business Economics (60 Marks)|
Part B : Business and Commercial Knowledge (40 Marks)
Dates and Timings of the FOUNDATION EXAMINATION :
CA Foundation Admit Card
The admit card releasing date is not in the updated dates but we know that CA Foundation Admit Card will be available online on the official website. Candidates who have completed the Registration process, filled and submitted the application, and completed the payment process in due time will get the admit card.
All the candidates can download admit cards from the official website by using their registration number and password. They also have to carry the same at the examination centre.
CA Foundation 2022 Result
The Result will be also released on the official website. After appearing in the exam candidates will receive the result releasing date through SMS or Email.
Just like admit card, Candidates can access and download their results by using the registration number and password on the official website. ICAI will also release a CA Foundation Merit List which will consist of details of the top 50 qualified candidates for the CA Foundation exam.
Check out all the relevant FAQs based on commonly asked queries CA Foundation – New Entry Scheme.
Read more official FAQs by ICAI website: Click here
Frequently Asked Questions (FAQs) regarding the CA Foundation Course’s
Q1. What is the CA Foundation exam?
Ans: CA Foundation exam is the first stage or the entry-level exam to become a Chartered Accountant. It is conducted by ICAI, This is the first step after passing Class 12 to become a Chartered Accountant. However, candidates also have to qualify for the Intermediate, and Final stage after this.
Q2. Is CA Foundation Easy?
Ans: CA Foundation replaced CA CPT exam and it is an exam of higher difficulty level compared to CA CPT. Very few candidates qualify for this exam.
Q3. Who is Eligible for CA Foundation?
Ans. Eligibility criteria are engraved above however the main points are, only 12th Pass candidates are eligible for this exam, but Graduates, Post-Graduates, and other equivalent qualifications can’t apply for the exam.
Q4. What are the covered subjects in CA Foundation Exam?
Ans: CA Foundation papers cover the following subjects:
- Principles and Practices of Accounting.
- Business Laws and Business Correspondence and Reporting.
- Business Mathematics and Logical Reasoning & Statistics.
- Business Economics & Business and Commercial Knowledge.
Q5. Is the calculator allowed in CA Exam?
Ans: Yes, but only a normal one. A scientific calculator or calculator with more than 6 functions, 12 digits, and/or having 2 memories are not allowed during the exam.