CA Foundation as part of the revised scheme, has replaced the former entry-level test CPT (Common Proficiency test) introduced by the ICAI.
FOUNDATION is an objective type and subjective type test with negative marking. Conducted twice in a year (May/November).
Foundation comprises four subjects
- Principles and Practice of accounting (100 marks)
- Business law (60 Marks), Business Correspondence & Reporting. (40 marks)
- Business Mathematics (40 marks), Logical Reasoning (20 marks) & Statistics (40marks)
- Business Economics (60marks), Business & Commercial knowledge (40marks)
The first two are subjective while the latter two are objective. Negative marking is applicable in the objective papers.
A minimum of 40% marks in each subject and a minimum of 50% marks in aggregate of all the subjects.
Who can join the course?
Candidates must have registered themselves with ICAI in order to be eligible for CA Foundation.
No upper age limit has been prescribed by the conducting authority for appearing in CA Foundation test.
Candidate must have completed Class 10th and Class 12th conducted by any recognized board.
Candidates who have qualified in the Senior Secondary Exam with a minimum aggregate of 50% marks will be able to register themselves for CA Foundation 2021 exam.
Students who have passed in 10 th class or else’s its equivalent examination, are eligible for admission to CA foundation course 2021-22.
Students can provisionally register in Foundation course of ICAI after passing 10 th examinations. However provisional admission to foundation course will only be regularised once the candidate clears 12th exams.
When to appear in CA foundation exams?
Students after registration to the course are required to complete a minimum of 4 months study period from the date of registration in order to be eligible to appear in the Foundation Examination,
- Students registered on or before 30th June will be eligible to appear in November examination.
- Students registered on or before 31 st December will be eligible to appear in May examination.
How to apply for admission to the Foundation Course?
ICAI has a centralised Self-Service portal to manage the process of registration and submit self-attested documents. Initial registration and subsequent administrative interactions throughout the life cycle of students covering Intermediate and Final courses are done through this portal and there is no need for personal visit or submission of physical documents.
Candidates has to visit https://www.icai.org/post/students-services for the process of registration. After successful submission of forms, the documents will be verified and registration will be confirmed by the Institute. Students will also be provided details to order study material through the centralised distribution system portal, i.e., icai-cds.org
Fees structure for Registration:
|Fees for Foundation form
|CA Foundation Registration Fees
|Subscription charges for members and students (optional)
|CA Foundation Examination fees
|Total fees for CA Foundation
On completion of the registration process the study material will be sent to the candidates through Centralized Dispatch System (CDS)
Documents that are required for CA Foundation registration:
- Birth certificate: Attested copy of the 10th Mark sheet or Admit card of class 10th indicating the Name & Date of Birth.
- 12th Class Admit Card: Attested copy of mark sheet (or) Admit card of class 12th issued by the respective board.
- Recent Photo: Your recent colour photograph (To be affixed on printout copy of the online CA Foundation Registration form)
- Nationality proof: one attested copy of proof of Nationality, If you are not Indian.
- Caste Certificate: if you belong to CS/CT/OBC, upload attested copy of proof of special category certificate.
Why CA is considered as a great Professional course:
- Chartered Accountancy offers great flexibility.
- Chartered Accountancy is a stable and secure profession.
- Chartered Accountancy is great for pursuing Global career.
- Salary package of Chartered Accountant are pretty impressive.
- Chartered Accountancy is more than just numbers.