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CA Foundation

The CA Foundation is a newly-introduced entry level course for Chartered Accountancy.
Info About CA Foundation
  • Field
    Accounts
  • Eligibility
    12th appearing or passed
  • Subjects
    Accounts, Business Law, Business Economics, GK etc
  • Questions Type
    Objective as well as Subjective
  • Difficulty Level
    Medium to Hard
What you will learn

Principles and Practices of Accounting

You will develop an understanding of accounting, preparing financial statements, computing accounting ratios, and simple problem solving.
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You will learn provisions of select business laws, addressal of basic application-oriented issues and communication skills for business correspondence and reporting.
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Business Mathematics and Logical Reasoning and Statistics

You will develop mathematical and statistical tools and logical reasoning skills to apply them during problem solving.
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Business Economics and Business and Commercial Knowledge

You will develop an understanding of theories in business economics, as well as, common business and commercial concepts to keep abreast with developments in the commercial world.
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How to prepare for CA Foundation with Toppr

  1. Get your concepts right

    To crack CA Foundation, you need to understand your concepts well. With the help of Toppr’s video lectures, you can get a clear understanding of any topic at any time of the day.
    They are taught by experienced teachers, and are available in Hinglish & English – covering all the concepts you can possibly think of.

    Get your concepts right
  2. Practice regularly

    The best students spend 80% of their time practicing questions, and 20% learning theory. Improve your skills by practicing only the right questions.
    At Toppr, we customize them for you by gradually increasing the degree of difficulty – for it ensures a full coverage of the scope of the examination.

    Practice regularly
  3. Get your doubts cleared

    A doubt can weaken your foundation, or even reduce your confidence.
    Don’t get stuck at a doubt. Seek help immediately using our Doubts on Chat app. Here, you can get your queries solved 24x7 by a community of experts.

    Get your doubts cleared
  4. Take All-India Tests

    All-India tests help you monitor your progress, and gauge how well prepared you are for D-day. On Toppr, you can compete with students from all over the country!

    Take All-India Tests

All you need to know about CA Foundation

Sections

Facts, Syllabus & Pattern

  • What is CA Foundation?
  • Syllabus for CA Foundation
  • Exam Pattern for CA Foundation

How to apply

  • Eligibility Criteria for CA Foundation
  • Registration for CA Foundation
  • Application Fee for CA Foundation
  • Admit Card for CA Foundation

Important Dates

  • Exam Dates for CA Foundation

Results and Cut-off

  • Results for CA Foundation

How to Prepare for CA Foundation

  • Preparation Tips for CA Foundation
  • Sample Papers for CA Foundation
  • Previous Years’ Papers for CA Foundation

Facts, Syllabus and Pattern Stroke 396

What is CA Foundation?

  • The Foundation Course is newly-introduced at an entry level for the Chartered Accountancy Course.
  • It is based on international education standards.
  • You can give the Foundation Examination once you clear the senior secondary (10+2) exam recognised by the central government.
  • The exam is conducted twice a year in May and November.
  • To appear for the November exam, you must register before the 30th of June.
  • To appear for the May exam, you must register before the 31st of December of the previous year.
  • The Foundation Exam includes a total of four papers—two subjective papers and two objective papers.
  • This exam has negative marking for incorrect answers in the objective papers.
  • You also need to score a minimum of 40% marks in each paper along with a minimum of 50% marks aggregate in both papers to clear the exam.
  • Registration for the Foundation Course is valid only for 3 years.
  • You must pay a revalidation fee of Rs 300 to revalidate your registration for another 3 years.

Syllabus for CA Foundation

Paper 1: Principles and Practices of Accounting
  1. Theoretical Framework
  2. Accounting Process
  3. Bank Reconciliation Statement
  4. Inventories
  5. Concept and Accounting of Depreciation
  6. Accounting for Special Transactions
  1. Final Accounts of Sole Proprietors
  2. Partnership Accounts
  3. Financial Statements of Not-for-Profit Organisations
  4. Introduction to Company Accounts
  5. Basic Accounting Ratios (profitability, solvency, liquidity and turnover)
Paper 2: Business Law and Business Correspondence and Reporting

Section A: Business Law

  1. The Indian Contract Act, 1872
  2. The Sale of Goods Act, 1930
  3. The Indian Partnership Act, 1932
  4. The Limited Liability Partnership Act, 2008
  5. The Companies Act, 2013

Section B: Business Correspondence and Reporting

  1. Communication
  2. Sentence Types
  3. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal Verbs, Collocations and Idioms
  4. Comprehension Passages
  5. Note Making
  6. Introduction to Basic Writing
  1. Precis Writing
  2. Article Writing
  3. Report Writing
  4. Writing Formal Letters
  5. Writing Formal Emails
  6. Resume Writing
  7. Meetings
maths Paper 3: Business Mathematics and Logical Reasoning and Statistics

Part I: Business Mathematics and Logical Reasoning

Business Mathematics

  1. Ratio and Proportion, Indices, Logarithms
  2. Equations and Matrices
  3. Linear Inequalities with Objective Functions and Optimizations
  4. Time Value of Money
  1. Permutations and Combinations
  2. Sequence and Series
  3. Sets, Functions and Relations
  4. Basic Concepts of Differential and Integral Calculus

Logical Reasoning

  1. Number Series
  2. Direction Tests
  3. Setting Arrangements
  4. Blood Relations
  5. Syllogism

Part II: Statistics

  1. Statistical Description of Data
  2. Measures of Central Tendency and Dispersion
  3. Probability
  4. Theoretical Distributions
  5. Correlation and Regression
  6. Index Numbers and Time Series
econimics Paper 4: Business Economics and Business and Commercial Knowledge

Part I: Business Economics

  1. Introduction to Business Economics
  2. Theory of Demand and Supply
  3. Theory of Production and Cost
  4. Price Determination in Different Markets
  5. Business Cycles

Part II: Business and Commercial Knowledge

  1. Business and Commercial Knowledge: An Introduction
  2. Business Environment
  3. Business Organizations
  4. Government Policies for Business Growth
  5. Organizations Facilitating Business
  6. Common Business Terminologies

Exam Pattern for CA Foundation

  • CA Foundation exam consists of both objective and subjective-type questions that constitute a total of 400 marks.
  • It includes four subjects/papers. Papers 1 and 2 primarily include subjective/descriptive type questions, and papers 3 and 4 have objective questions.
  • For objective type papers, i.e. papers 3 and 4, there is a negative marking of one-fourth marks per wrong answer
  • The exam is conducted offline (pen/pencil paper)
  • The medium of the test is English or Hindi

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Eligibility Criteria for CA Foundation

You need to fulfill some eligibility criteria predetermined by ICAI for the CA Foundation course. The eligibility criteria for CA Foundation is as follow :

Route 1 : Foundation Course Route

  • To register for the Foundation Course, you should have completed 10+2 examination carried out by an examining body constituted by law in India.
  • To be eligible for the examination conducted in the month of May, you should register on or before 31st December.
  • To be eligible for examination conducted in the month of November, you should register on or before 30th June.

Route 2 : Direct Entry Route

  • You can directly register for the Intermediate Course if:
    • If you are a graduate or post graduate and have the relevant marks or grade in exams conducted by any recognized university (including open university)
    • You have passed an Intermediate level examination of the ICAI or the ICSI

Registration for CA Foundation

Follow these steps to register:

  1. Log on to the ICAI's official website
  2. Now, fill in the required details like name, date of birth, Aadhar number, email, mobile number, and create a password.
  3. Once the account is created, log in to the registration portal
  4. Enter the mandatory details
  5. Upload the requisite documents
  6. Make the payment online
  7. Save the document and print it
  8. Sign and attest the application form
  9. Send the application to ICAI

Application Fee for CA Foundation

Details of Fee Amount
Cost of foundation prospectus Rs. 200
Registration fee for Foundation Course Rs. 9,000
Subscription for students journal (for one year) - optional Rs. 200
Subscription for Member’s Journal (for one year) - optional Rs. 400
Total Rs. 9800

Admit Card for CA Foundation

  • If you had registered and applied for the CA Foundation May 2018 exam, you would have been given the admit card online on April 10, 2018.
  • You can download it by logging into your account through your registered ID and password.
  • The CA Foundation admit card 2018 includes your details such as name, roll number, photograph and signature, exam centre, etc.
  • You must carry a printout of the admit card to your allotted exam centre.
  • If there is any discrepancy in your admit card, immediately contact the ICAI helpline desk.

Visit http://icaiexam.icai.org to download the admit card.

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Exam Dates for CA Foundation

CA Foundation course examination (under revised scheme)

Paper Subject Exam Date
1 Principles and Practice of Accounting 10th May 2018
2 Business Laws and Business Correspondence and Reporting 12th May 2018
3 Business Mathematics and Logical Reasoning and Statistics 14th May 2018
4 Business Economics and Business and Commercial Knowledge 16th May 2018

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Results for CA Foundation

  • ICAI will be declaring the result of the CA Foundation 2018 exam in the third week of July 2018.
  • CA Foundation 2018 result will be released only in the online mode.
  • You must visit icaiexam.icai.org and log in through your registered account to check your result.
  • You will be able to download your CA Foundation rank card and certificate through the ICAI registered account.
  • The result of this course will specify if you are qualified to move to the next level or still need to pass the entry test.

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Preparation Tips for CA Foundation

  • Make a study timetable: The most important step while studying is to prepare a timetable. Never waste time in thinking about what to study or where to start every day, and get started with an effective plan.
  • Focus on Statistics and Logical Reasoning: Logical reasoning makes up for 20 marks and the remaining part is divided equally among Math and Statistics. So, if you are a non-math commerce student, you need to focus on the Statistics and Logical Reasoning as Math might not be a scoring subject for you.
  • Make your own revision notes: Always create your own short notes while attending your classes, as this will be of immense help during your final preparation.
  • Get a grasp of calculators: Exam papers would always be lengthy, so it’s imperative to have a command over the calculator. Become a pro and learn the short keys like M+, M-, G, etc.
  • Take short breaks: Studying continuously for the whole day is a bad idea. Always take short breaks of 15-30 minutes in every 2-3 hours to rejuvenate your mind.
  • Multiple revisions: The CA Foundation course is huge and requires at least three revisions before the exams. Create a smart plan by revising all topics in your first revision. Mark questions that are similar in nature and avoid them in your next revision to save time.
  • Model test papers: CA Foundation Model Test papers (MTPs) are extremely helpful in getting good marks in the exam. Always solve the MTPs at the end of the chapters and after the completion of the course.
  • Last month plan: Set a target of covering all the topics in your course well in advance. Leave the last month just for the last two revisions and solving mock test papers. Stick to your teachers' notes and don’t get confused with too many reference books.

Sample Papers for CA Foundation

Solving sample papers and previous year papers is not only advisable, but also important if you want to stay ahead of the stiff competition in CA Foundation 2018. Solving sample papers will help you to prepare for the expected paper and its pattern while also assisting you in learning efficient time management. You can also assess your own performance by practicing sample papers and judge your level of preparations for CA Foundation 2018.

Previous Years’ Papers for CA Foundation

Practising previous years’ CA Foundation papers is important as it helps you simulate the real exam. Toppr provides you with a complete set of all question banks from previous years which you can practice to sharpen your skills.