CA Foundation (Chartered Accountant)

Ca Foundation 2020: Important Dates [Official], Application, Eligibility, Syllabus, Exam Pattern & Result

CA Foundation 2020- ICAI (Indian Institute of Chartered Accountant of India) has released application form for CA Foundation May 2020 Exam online at https://icaiexam.icai.org/. Candidates who have passed class 12th can apply for CA Foundation. It is an entry exam for those who are interested in the character accountancy course in India. The exam is scheduled to be conducted on 11, 13, 15 and 17, 2020. CA Foundation exam consists of two questions i.e. descriptive and MCQ type.


CA Foundation 2020 exam consists of 4 papers that the candidate has to pass to be deemed as qualified. Graduates or postgraduates candidates can get direct entry into the second level, i.e. CA Intermediate.

CA Foundation Exam dates


Events 

Important Dates

Last Date for registration for May 2020 Session

31 Dec, 2019

Availability of CA Foundation Exam Form for May 2020

5 Feb, 2020

Last Date to fill CA Foundation application form 

26 Feb, 2020

Last date to submit application form with late fee

4 Mar, 2020

Last date for receipt of print out of online examination application form duly filled up

9 Mar, 2020

Correction window open

7-13 Mar, 2020 

Issuance of admit card

To be notified

CA Foundation May 2020 Exam Date

11, 13, 15, 17 may 2020

Declaration of CA Foundation Result 

Mid July 2020

CA Foundation Registration for November 2020 till

30 Jun 2020

CA Foundation syllabus

ICAI sets the syllabus that focuses on the application, understanding and information of character accountancy. After understanding the CA Foundation exam pattern, checking the syllabus 2020 may be a very important step for people who want to crack.

CA Foundation syllabus comprises topics from 4 main papers, listed below: 

  1. Principle and Practice of accounting

  • Theoretical Framework

  • Accounting process

  • Bank Reconciliation statement

  • Inventories

  • Concept and Accounting of Depreciation

  • Accounting for special transactions

  • Final account of Sole proprietors

  • Partnership accounts

  • Financial statements of not for profit Organisation

  • Introduction to company Accounts

  • Basis Accounting Ratio (profitability, solvency, liquidity and turnover)

 

  1. Business Law & Business correspondence and reporting

Section A:

  •  Business Law

  • The Indian Contract, 1872

  • The sale of Goods Act, 1930

  • The Indian Partnership Act, 1932

  • The Limited Liability Partnership Act, 2008

  • The Companies Act, 2013

Section B: 

  • Business correspondence and reporting

  • Communication

  • Sentences types

  • Vocabulary root words, synonyms, Antonyms, Prefixes, Suffixes, Phrasal verbs, Collections and idioms

  • Comprehension passages

  • Note making

  • Introduction to basic writing

  • Precis Writing

  • Article Writing

  • Report writing

  • Writing Formal Letters

  • Writing Formal Emails

  • Resume writing

  • Meetings

3.Business Mathematics and Logical reasoning & statistics:

Part A:

  •  Business Mathematics

  • Ratio and Proportion, Indices, Logarithms

  • Equations and Matrices

  • Linear Inequalities with Objective Functions and Optimizations

  • Time Value of Money

  • Permutation and Combination

  • Sequence and series

  • Sets, Function and Relations

  • Basic Concepts of differential and Integral

Part B:

  • Logical Reasoning

  • Number series

  • Direction Tests

  • Setting Arrangement

  • Blood Relation

  • Syllogism

Part C:

  • Statistics

  • Statistical Description of Data

  • Measure of Central tendency and Dispersion

  • Probability

  • Theoretical distribution

  • Correlation and regression

  • Index Number and Time Series 

4.Business Economics and Business And Commercial Knowledge:

Part A:

  • Business Economics

  • Introduction to Business Economics

  • Theory of Demand and supply

  • Theory of Production and Cost

  • Price Determination in Different Market

  • Business Cycles

Part B:

  • Business and commercial knowledge

  • Business and Commercial knowledge: An Introduction

  • Business Environment

  • Business Organisation Government Policies Policies for Business Growth

  • Organisations Facilitating Business

  • Common Business Terminologies

CA Foundation Eligibility 2020

A student who has appeared in the 12th examination directed by an examining body,established by law in India may enroll for CA Foundation Exam 2020. A registered student may show up in Foundation examination once they have qualified the Senior Secondary Examination (12th examination).

The students who have got themselves registered for CA Foundation Course have to undergo a minimum of four months study period to meet CA Foundation 2020 Eligibility Criteria. Students registered on or before 31 Dec, 2020 will be eligible to write the exam in May 2020.

  • Registration: Candidates must have registered themselves with ICIA in order to be eligible for CA Foundation.

  • Age limit: No upper age limit has been prescribed by the conducting authority for appearing in CA Foundation.

  • Educational Qualification: candidates must have completed class 10th and 12th by any recognized board.

  • Minimum Marks: 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 2020 exam.

CA Foundation Admit cards will be issued only to those candidates who satisfy the Ca Foundation Eligibility Criteria. After verifying their eligibility, candidates must also get familiar with CA Foundation Exam Pattern before the exam date.

CA Foundation Mock test

The preparation for CA Foundation 2020 must be done judiciously if one needs to clear the exam with flying colours. The exam is going to be conducted offline thus proper practice in pen and paper mode of examination needs to be done. A number of test series are provided by Edurev for the candidates to prepare from. These mock test series are designed so that the candidates can evaluate themselves and improve their performance.

CA Foundation 2020 exam pattern

Candidates appearing for the June session of CA Foundation 2020 must be knowledgeable with exam, type of questions, marking scheme, etc. so that candidates can prepare consequently. According to the exam pattern, objective questions will carry a negative marking of ¼ th marks for every incorrect response.

Particulars

CA Foundation 2020

Conducting body

Institute of Chartered Accountant of India.

Level

National Level

Frequency

Twice a year (May/June and December)

Mode of Exam

Offline

Mode of registration

Online

Number of Paper

4

Duration

3 hours

Negative marks

Only for Paper 3 and 4 (0.25 i.e. ¼ of the marks)

Total marks

100 marks

Difficulty level

Moderate


Candidates must score at least 40% of marks in every paper and minimum aggregate of 50% in all the papers to pass the CA Foundation 2020 Exam.


CA Foundation 2020 Marks distribution 2020

Papers of the exam are listed below:

  • Paper 1: Principles and Practise of accounting (100 Marks)

  • Paper 2: Business Laws and Business correspondence Business laws (60 Marks),

  • Paper 3: Business Mathematics, Logical Reasoning (20 Marks), Statistic (40 Marks)

  • Paper 4: Business Economics and Business And Commercial Knowledge Business economics(60 Marks), Business and commercial Knowledge (40 Marks)


Papers

Marks

Principle and Practice of Accounting

100

Business Law and Business Correspondence

Business Laws- 60 

Business correspondence- 40

Business Mathematics, Logical Reasoning, statistic

Business Mathematics- 40

Logical Reasoning-20

Statistic-40

Business Economics And Business & commercial knowledge 

Business Economics- 60

Business & commercial knowledge - 40

Total

400

CA Foundation Question Paper

Past year questions papers for CA Foundation are made available by Edurev to make students thorough with the exam pattern. So, they must seriously solve CA Foundation questions papers and leave no stone unturned for their exam preparation. They can also find a solution document for each paper. It will help them to understand the difficulty level of the paper and what type of questions can be expected in the exam. It also helps in reducing their exam anxiety and gives them the confidence to write the exam. These CA Foundation question papers will help students evaluate their preparation level and accordingly they can work to improve their performance.

EduRev App

This ca-foundation exam app is one among the simplest App for ca-foundation preparation apps which offers extraordinary study material for all subjects. Online mock tests, MCQs (Multiple choice Questions), CBSE Sample paper for 2020 exam. Also, ca-foundation Previous Year Question Papers with solutions, online test series, model papers, NCERT Books, extra preparation books are present to help you prepare for ca-foundation. This app covers everything related to ca-foundation preparation that you won't need any ca-foundation online coaching or offline ca-foundation coaching after having this ca-foundation exam preparation app.

CA Foundation Application Process

The step by step procedure of registering for CA Foundation is as follows:


Step 1: Register to obtain CA Foundation User ID and Password

  • Go to the ICAI’s student’s portal at https://icaiexam.icai.org/

  • To start, click on “Register now” and create your profile. The CA Foundation Registration Form will be as follows.

  • To register online, the aspirants need to enter details such as their CA Foundation registration number, date of birth, mobile number, email id, etc.

  • Submit the registration details, and the login credentials will be sent to the registered email id and mobile number.

Step 2: Filling the Application Form

  • Once the login credentials are received, use those details to log in. then, proceed to fill in details in the Application Form.

  • After entering the details, click on “save and proceed to the '' button to create the profile.

  • Step 2 of the profile is entering the complete address details. Make sure the details entered are correct before clicking “validate the details” first and then clicking “select details”

Step 3: Uploading the documents and Submission

  • Candidates need to upload the scanned copy of photograph, signature, 12th mark sheet, 10th mark sheet and attested declaration in JPEG format within the 100- 300 KB size.

  • Above uploading the documents, review them and then read the declaration and click on the “I agree” box. Then click on “final submit” appearing on the bottom right corner. This will essentially finish your Application form.

  • If in case a candidate wants to make any kind of changes in the already filled application form, then click on the “Back to form” button on the bottom left corner of the page. After making the required changes, submit the application form.

Step 4: Payment of Fee

  • The Following application fee is applicable. All the application fees are to be paid online using net banking or Credit/Debit card.


Category

Application Fee

For exam center in India only

1500/-

For exam center in Kathmandu (Nepal)

2200/-

For exam centre in Abu Dhabi, Duha, Dubai and Muscat

USD$325

CA Foundation 2020 Admit Card

CA Foundation Admit Card will be released online only on the official website in the month of April 2020. Admit Cards will be made available only after successful completion of the application and payment process before the last date. Candidates need to download their CA Foundation Admit Card by logging in using their Registration Number and Password. The admit card consists of all the necessary details like candidates name, roll number, photo, signature, etc. If there is any discrepancy in the admit card then immediately contact the official authorities.


Candidates appearing for the upcoming exam need to compulsorily carry the hard copy of their hall ticket along with valid ID proofs. Candidates without hall tickets will not be allowed to attempt the CA Foundation exam 2020.

CA Foundation Result 2020

The result for CA Foundation 2020 will be released on the official website (https://icaiexam.icai.org/) after the exam is conducted. All the registered candidates will be notified through email when the result will be announced. Candidates can download their CA Foundation Result from the official website by using their registered number and password. Also, candidates will be able to download their scorecard. Beside this, the official website will also release the CA Foundation Merit List which usually consists of the details of the top 50 ranks of CA Foundation exam.

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