Starting preparation for CA? 8 things you must know before taking the Foundation Exam

Feb 12 , 2021

The CA Foundation course is the entry-level for the Chartered Accountancy course offered by the Institute of Chartered Accountants of India (ICAI). Earlier it was known as the Common Proficiency Test. CA Foundation exams are conducted twice a year in May and November.

If you have chosen to pursue CA, then it is pertinent that you should be aware of the below mentioned 8 things before taking the Foundation exam:

Study with The Dream Team for CA on OnePrep

Enroll Now »

1. Exam Pattern and Paper

CA Foundation is an offline test (Pen and Paper based) and consists of 4 papers. It can be taken up in either English or Hindi, as preferred by the student twice a year. The paper consists of both objective and subjective type of questions carrying a total of 400 marks. Papers three and four have the objective type of questions and there are negative markings for every wrong answer.

2. How to apply for CA Foundation?

A candidate has to register for CA Foundation course by filling up the online registration form available on the ICAI website. The last date for registration is December/June for May/Nov terms of examination. Registration to the CA Foundation course is valid only for three years.

3. CA Foundation Registration Fee

A student can register for the CA Foundation course with the prescribed fees –

  S.NoDetails of FeesRupeesFor Foreign Students (US $)
    1.Cost of Foundation Prospectus20020
    2.Foundation Registration Fees9000700
    3.Subscription for Students Journal (For one Year- Optional)20020

4. Syllabus for CA Foundation

The entire Foundation syllabus is divided into four subjects:

  • Principles and Practice of Accounting
  • Business Laws and Business Correspondence and Reporting
  • Business Mathematics and Logical Reasoning and Statistics
  • Business Economics and Business and Commercial Knowledge

5. When to attempt the paper?

Exams for the CA Foundation are held in May and November. ICAI announces the CA Foundation exam schedule in July for the November term of examination and in the month of January for the May term of examination.

6. Minimum score to pass the Foundation exam

It is important to secure a minimum of 40 percent marks in each of these papers and a minimum of 50 percent overall aggregate in all the papers put together to clear the level one examination.

Also read: How to Make a Realistic Study Plan for CA Exams

7. Results

The results for CA Foundation Exam are tentatively published within 2 months after the exam is completed. The score is considered valid for 3 years. 

Also read: How to Stay Motivated for CA Preparation?

8. Attempting the Foundation exam again

In case you fail to clear the exam in the first attempt, you need not worry. You can prepare well and reappear for the exam, as the CA Foundation exam is held twice a year in May and November.

Now when you know A-Z of how and when to apply for CA Foundation, you should start your CA Foundation preparation with OnePrep. OnePrep has brought a revolution in CA education and is the best available learning resource for budding CAs. It is available on ALL DEVICES and has“The Dream Team” for CA which includes the BEST and BIGGEST names in the field of CA education.

Faculty like CA Parveen Jindal, CA Raj Kumar, CA Pankaj Garg, CA Bhanwar Borana, CA Aaditya Jain, CA Sankalp Kanstiya, CA R.K. Mehta, and many more are available on OnePrep. Years of teaching experience of these teachers have set a benchmark in CA education and their availability on a single platform is a dream come true for every CA student.

The interesting part about the Dream Team is that you can carry it wherever you go and get anytime & anywhere access to the well-researched study material.

Study smart and prepare with OnePrep! All the best for your exams.

Stay tuned for more updates. 

Own Your Dream

Download the OnePrep App