CA Foundation Course 2022 – Complete Guide

CA Foundation Course is the first level of the CA Course to become a Chartered Accountant. The Institute of Chartered Accountants of India (ICAI) conducts the CA Foundation exams, twice a year i.e., in the month of May and November.

On the basis of the eligibility criteria, a student willing to become CA can register for the ICAI Foundation course during or after class 12th. However, they need to complete their class 12th with at least 50%.

Now, in the CA Foundation course syllabus, you’ll learn about accounting, business laws, mathematics and economics. The complete ICAI CA Foundation syllabus is divided into 4 papers:

Paper-1: Principles and Practice of Accounting

Paper-2: Business Laws and Business Correspondence and Reporting

Paper-3: Business Mathematics and Logical Reasoning & Statistics

Paper-4: Business Economics and Business and Commercial Knowledge

You’ll get 4 month study period to prepare for these 4 CA Foundation subjects.

The total fees for the CA Foundation course 2022 that students have to pay is Rs. 10900. In the total CA Foundation fee, the registration fee is Rs. 9200, the exam form fee is Rs. 1500, and the journal membership fee (optional) is Rs. 200. Importantly, the complete fee has to be paid online.

In this complete guide for the CA Foundation course, you’ll get to know about the eligibility criteria, registration, syllabus, dates, exam form, fees, paper pattern, preparation tips, admit card, results, and what after the CA Foundation exam.

Moreover, many students want to know in detail, how to become CA in India? So, we have made a detailed guide that you can read to get a complete picture of becoming a Chartered Accountant.

Students preparing for the Foundation exams can join the CA Foundation coaching of VSI Jaipur for the best results.

ICAI recently introduced a new scheme of education and training for the CA Course. Under the new scheme, ICAI has revised the CA Foundation papers, registration validity, paper pattern and passing criteria. We have covered all the details about the new CA Course curriculum. Check the article now.


CA Foundation Course Details 2022

Students, who want to know the details about the CA Foundation Course, can refer to the table below. Here, you’ll get to know about the eligibility, exam level, duration of the exam, mode of the exam, total fees, and more.

CA Foundation Course Details 2022

Exam NameCA Foundation
Conducted byInstitute of Chartered Accountants of India (ICAI)
Exam LevelNational Level
EligibilityCompleted or Appearing in Class 12th
Preparation Period4 Months
Duration of Exam3+2 Hours
Mode of ExamOffline
CA Foundation Total FeesRs. 10,900 or $1065 (for Foreign students)
Frequency2 times in a year i.e. May and November
Passing CriteriaPer subject – 40%
Aggregate – 50%

Students can check the complete guide on CA Foundation Course in Hindi by visiting this link. Here, all the necessary pointers are mentioned in detail in Hindi.

    Get all the details about the CA Foundation Course


    CA Foundation May 2022 Dates

    It is important for all the students to know the important dates regarding the CA Foundation course. Due to the clash between the exam dates of CA Foundation and the CBSE Class 12th, ICAI has postponed the CA Foundation May 2022 examination.

    So, check out the table below to know the CA Foundation important dates for the May 2022 exams.

    EventsDates
    Last Date for May 2022 registrationJan 1, 2022
    May 2022, Exam form datesFeb 21 – March 13, 2022
    Foundation Exam Dates24, 26, 28, and 30 June 2022
    Admit Card Release Date14 days before the exam
    CA Foundation Result of May 2022August 2022

    Candidates can check the detailed CA Foundation Date Sheet for May 2022 exam on this blog.


    What is the Eligibility for the CA Foundation Course?

    According to the CA Foundation eligibility, students who have cleared their class 12 examination constituted by the law or recognized by the Central Government can register for CA Foundation.

    However, due to the delay in the Class 12th Central and State Boards Results declaration, ICAI has modified the eligibility criteria and allowed provisional registration for students who have not cleared their 12th Exams.

    ICAI now allows students to preliminarily register for the CA Foundation course after passing the Class 10th examinations. It is also announced that this preliminary admission will only be modulated or regularized when the candidate will pass the Class 12th exams.

    Graduates and Post-Graduates, who want to pursue CA, can directly register for the CA Intermediate exam through the Direct Entry System. This means that they are exempted from the CA Foundation Exam.


    CA Foundation Registration Procedure

    All the eligible students can now register for the CA Foundation. ICAI opens the registration window for the whole year but you have to register for the CA Foundation course before the deadline. So, the last date to register for the May 2022 exams was Jan 1, 2022, and for the Nov 2022 exams, it is July 1, 2022.

    Documents Required for the CA Foundation Course Registration

    The necessary documents needed for the CA Foundation registration are:

    • 10th Class Report Card
    • 12th Admit card
    • Passport-size Photo
    • Proof of Nationality for Foreign students

    How to Register for the CA Foundation Course?

    Follow the step-by-step CA Foundation registration procedure to apply for the course:

    Step 1: Visit the ICAI portal. Tap on the Student’s Tab and go to the ‘Course Registration’ section.

    Step 2: On the registration form section, click on the ‘New User’.

    Step 3: Enter the details such as name, DOB, Gender, Aadhar card number, mobile number, email-id and password.

    CA Foundation Course Registration procedure

    Step 4: Click on “Generate OTP, and then verify it. The OTP will be sent on your registered mobile number and the verification link on your email id.

    Step 5: After verification, your personal profile is created and you will receive the login credentials.

    Step 6: Now, login and select the “Student Cycle”. For this, click on ‘Apply for Foundation’, fill in the necessary details and click on ‘Save and Next’.

    Step 7: Afterwards, pay the registration fees. The fees will be paid online, so you’ll need a Master/Visa/Maestro Credit/Debit/Rupay/Net Banking Card.

    Step 8: After the successful payment of the CA Foundation registration fee, you’ll get the registration form.

    You have to deposit the form within 7 days, duly signed by the candidate.

    CA Foundation Registration Validity – Once the registration is done for the Foundation course, it will be valid for three years. In addition to that, it can be revalidated any number of times for a further three years by depositing nominal fees of Rs. 300.


    CA Foundation Course Fees

    The CA Foundation Course fees for Indian students is Rs. 10,900 and for foreign students, it is $1065. However, it is not to be paid as a one-time payment.

    At the time of registration, you need to pay Rs. 9000 plus Rs. 200 for the cost of the foundation prospectus. We also recommend subscribing to the student’s journal as you’ll get the latest update from it. While filing the foundation exam form, you’ll need to pay Rs 1500.

    For foreign students, the registration fee will be $700 plus $20 for the cost of the foundation prospectus. The exam form fee for foreign students is $325.

    Check the complete CA Foundation fees for Indian and Foreign students in the table below.

    Details of FeesIndian StudentsForeign Students ($)
    Cost of Foundation Prospectus20020
    Foundation Registration Fees9000700
    Subscription for Students Journal
    (For one Year- Optional)
    20020
    Foundation Examination Fee1500325
    TotalRs. 10,900$1065

    The CA exam form fee for the Kathmandu centre is Rs. 2200. Once the above registration process is completed, the CA Foundation study material will be dispatched to the candidates through the Centralized Dispatch System (CDS).

    Also Read: CA Course Duration


    CA Foundation Syllabus and Study Material

    The CA Foundation course is divided into 4 subjects. The syllabus includes accounting, business law, mathematics, and economics. The CA Foundation Syllabus is released by ICAI every year for the students. Check the subjects below.

    1. Principles and Practices of Accounting
    2. Business Law and Business Correspondence and Reporting
    3. Business Mathematics and Logical Reasoning and Statistics
    4. Business Economics and Business and Commercial Knowledge

    To complete the syllabus, you have a study period of four months.


    CA Foundation Exam Pattern and Papers

    To perform better in the exams, you must be aware of the CA foundation course, the paper pattern, marking scheme, etc. The first two papers (accounting and law) are subjective, consisting of theory and practical questions while the latter two (mathematics and economics) are objective with MCQs. A negative marking of 0.25 will continue to remain in the objective papers as per the revised scheme.

    ICAI has given a detailed and revised CA Foundation Exam Pattern with marks and weightage distribution in all four subjects. You must refer to the latest Exam Pattern before starting your CA Foundation preparations.

    You can also download the CA Foundation question papers, mock test papers, and revision test papers directly from VSI.


    CA Foundation Exam Form May 2022

    Registration for the CA Foundation course is not enough to appear in the exams. You also have to fill out the exam form to inform ICAI that you are appearing in the exam. You can fill out the CA Foundation Exam form from the ICAI portal after making the requisite examination fees.

    Candidates also need to attest the CA Foundation declaration form with the exam form. The declaration form is the validation that the documents submitted and attested are original and not fake.

    Due to some unavoidable circumstances, if the registration details entered by the candidate do not match with records maintained by the ICAI, for eg, your registration number, then you can be offered to register provisionally.


    CA Foundation Admit Card

    Admit Cards are required to sit in the Examination Hall. ICAI generally issues admit cards 14 days before the exams. Moreover, it has ceased to send admit cards physically or offline. Now you can only download CA Foundation admit card for the exam, online from the ICAI website.

    The admit card can be downloaded for a maximum of three times. Take the printout at least 10 days before the exam to avoid a last-minute hurry. After downloading, in case you found any error in Center/Medium (resulting from wrong details submitted in the application form), then you have a chance to rectify such an error.

    You can also check the details regarding CA Foundation Admit Card in Hindi on this blog.


    Correction Window for the CA Foundation

    The ICAI provides 2 correction windows for the students who want to change something in their exam form. In the first window, you don’t need to pay the fees for correction. But in the second correction window, you have to pay the correction fees of Rs. 1000/- per application.

    1. Free Window Facility–  Under Free Window Facility a student can change his/her Center/Medium within one week after the last date of submission of the Examination form. The details of the form are available on the ICAI website.
    2. Correction Window Facility (with fees)– Under this window, a student can change his/her  Center/Medium with the payment of Rs. 1000/- per application. Generally, this window is open for correction up to one week before the exam. But requests made immediately before 7 days will not be entertained by the ICAI under any case.

    CA Foundation Result

    The result for the CA Foundation course will be declared approx. two months after the exams. You can check your CA Foundation Results through ICAI website/SMS/Email. You can see the steps on how to get your results on our blog and also check the toppers list and pass percentage. If you want to check the CA Foundation Pass Percentage then you can click on the mentioned link.

    If any student has scored more than 70% then he will receive a certificate i.e. “Pass with Distinction” from ICAI.

    You can download the CA Foundation Question Bank to make your preparations even better.


    How to Prepare for the CA Foundation Exams?

    CA Foundation exams are not tough but students need to prepare well in order to crack it in the first attempt. So, we have mentioned some effective CA Foundation preparation tips for the exams.

    1. Prepare a study plan for yourself before starting studying and strictly follow it.
    2. Students who are weak in Maths must focus on Statistics and Logical Reasoning.
    3. While studying, make proper notes on each topic. They will help in revising the syllabus on exam days.
    4. Make a strong command over the calculator. Know the time-saving calculator tricks to get more time in the exams.
    5. Complete the entire CA Foundation course early so that you can revise at least 3 times.
    6. After completing the syllabus, solve an ample amount of mock test papers.

    What after CA Foundation Exam?

    After the CA Foundation course, now you have to prepare and register yourself for the next step i.e. CA Intermediate. Read the complete details about the CA Intermediate Course. Start your preparation by going through the CA Intermediate study materials and recommended books. Also, by solving the previous year’s question papers, MTPs and RTPs. provided by the ICAI. The candidates, who prefer Hindi, can read our blog on What to do after CA Foundation in Hindi.


    FAQs

    Ques 1. What is CA Foundation exam?

    Ans. CA Foundation exam is the first level of the Chartered Accountancy course to become a CA. The exams for the CA Foundation course are counducted in the months of May and November.

    Ques 2. What subjects are there in the CA Foundation Course?

    Ans. There are 4 subjects in the CA Foundation course namely, Accounts, Business Law, Business Maths, and Business Economics.

    Ques 3. What is the passing criteria for the CA Foundation examinations 2022? 

    Ans. Candidates need to get at least 40% in all four papers and a total of 50% marks i.e., 200 out of 400 marks.

    Ques 4. Is CA Foundation easy to clear?

    Ans. CA Foundation is not a hard exam but you have to prepare well for the exam.

    Ques 5. What is the study duration for the CA Foundation course?

    Ans. ICAI provides a study period of 4 months to prepare for the exams.

    Ques 6. What are the criteria for negative marking in the CA foundation paper?

    Ans. ¼ mark is deducted in objective papers for every wrong answer.

    Ques 7. How many times can I appear in CA Foundation Exam?

    Ans. Your registration is valid until 3 years, so you have a total of 6 attempts. After this duration, you have to renew your registration.