Crack CA Foundation with Unacademy
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CA Foundation is an entry-level examination, also called the first step towards becoming a Chartered Accountant. The Foundation stage is designed to inculcate basic and preliminary knowledge of the CA program for Class 12 passed and graduate students. The Institute of Chartered Accountants of India (ICAI) conducts the CA Foundation exam.
Let’s learn more about the eligibility criteria, important dates, registration process, fee and exam pattern of the CA Foundation in detail.
Here’s an overview of the eligibility criteria laid by ICAI for candidates appearing in the CA Foundation exam:
Certain candidates are allowed to take admission in CA course via direct entry route. They do not need to appear in the CA Foundation exam and can register directly for CA Intermediate.
CA Foundation registration is done twice a year and exams are held in May and December.
Candidates who are eligible for the CA Foundation exam can register through the following process:
|CA Foundation form fee
|CA Foundation registration fee
|Subscription charges for students and members (optional)
|CA Foundation examination fee
The registration validity for CA Foundation remains for 3 years. If a candidate fails to clear the CA Foundation exam in the first attempt, they have 5 more attempts to clear the examination. Also, the candidate doesn’t have to pay the registration fee again.
Understanding the exam pattern can help a candidate tremendously with their preparation. Let’s look at the pattern of the CA Foundation exam.
Paper 1 – Principles and Practice of Accounting
Paper 2 – Business Laws and Business Correspondence and Reporting
Paper 3 – Business Mathematics, Logical Reasoning and Statistics
Paper 4 – Business Economics and Business and Commercial Knowledge
|Duration of question papers
Paper 1 and Paper 2 – 3 hours
Paper 3 and Paper 4 – 2 hours
|Type of paper
Paper 1 and Paper 2 – Subjective type
Paper 3 and Paper 4 – Objective type
|Number of questions
|100 in each paper
|Each paper is of 100 marks
No negative marking for Paper 1 and Paper 2
1/4 mark is deducted for the wrong answer in Paper 3 and Paper 4
|Medium of exam
|English/Hindi. Section (b) of Paper 2 will be in English only