CA Foundation Course May 2022 – Eligibility, Syllabus, Registration

                     

CA Foundation Course May 2022 – CA Foundation is an entry-level test designed for students who want to pursue the CA Course. Exams for the ICAI CA Foundation Course are conducted twice a year in June and December.

A student willing to join CA after class 12th can register for the ICAI CA Foundation course. Candidates cleared their class 12th can apply for the CA Foundation course. The students have to pay the total fees of Rs. 10900 for the CA Foundation course. In this, the registration fees is of Rs. 9200, exam form fee is Rs. 1500, and the journal membership fee(optional) is Rs. 200. The fees is to be paid online.

The complete ICAI CA Foundation syllabus is divided into 4 papers that is mention below:

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

For students, who want to know about the CA Foundation Course details, then they 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
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

In this article, we will discuss ICAI CA Foundation Course May 2022 complete details from Eligibility, Syllabus, Registration, Exam Form, Question Papers, Mock Test Papers to Results.

Register Now: CA Foundation Coaching

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.

Your Journey to CA Foundation Course (May 2022)

Check the complete journey that you’ll be covering in the CA Foundation Course for May 2022 from registration to appear in the examination to the results.

  1. Eligibility and Registration –After appearing in the 12th examination, you will be eligible to get register for the CA Foundation course. So register yourself. For the registration, you have to pay the fees of RS. 9400(including student’s journal fee).
  2. Preparation – Once you are registered you have to undergo a study period of four months to appear in the exam. The complete syllabus for the CA Foundation Course is discussed below. Prepare well for the exams. Don’t limit yourself just to crack this exam.
  3. Exam Form – Filing of the Exam form to sit in the CA Foundation exams of May 2022. The application form dates for May 2022 exams will be announced soon. The exam form fees for Indian nationals are Rs. 1500 and for foreign students, it is $325.
  4. Admit Card – ICAI issues the admit card generally 14 days before the exams. You can download your admit card from the ICAI portal.
  5. Error Correction – If any error has occurred in filling the application form regarding the center/medium then one can apply for the correction. ICAI has provided the facility of two correction window, each has a separate time limit.
  6. The result – The CA Foundation result will declare after 2 months from the exams.
  7. CA Foundation Cut-off Rate – To clear the foundation exam, you need to get  40% in each subjects or 50% total marks. That is the end of your 4 month CA Foundation Course.

Students can read more about how to become a CA in India through our detailed guide.

Important Dates for CA Foundation May 2022 Attempt

EventsDates
Last Date for registration for May 20221st Jan, 2022
May 2022, Exam form datesTBA
Foundation Exam DatesIn May 2022
Admit Card Release Date14 Days before the exam
CA Foundation Result of May 2022July, 2022

Candidates can check the detailed CA Foundation Date Sheet  Dec 2021 exam on this blog.

Eligibility for CA Foundation Registration May 2022

A student can register in this course while appearing or clearing the 12th examination constituted by the law or recognized by the Central Government.

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 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. We have explained the other requirements in case of provisional registration in our CA Foundation Registration Guide.

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

If you are willing to appear in CA Foundation in May 2022. Read CA Foundation Eligibility Guide.

CA Foundation Registration Procedure

You can register for the CA Foundation course through the ICAI portal under the Course registration forms (under the student’s tab). The registration is open for the CA Foundation Course of May 2022, as the last date is till 31st December, 2021.

Documents Required for Registration of CA Foundation Course

You’ll need some documents in order to register yourself for the CA Foundation Course. The necessary documents are mentioned below:

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

How to Register for the CA Foundation course?

For students who want to register for the foundation course, can follow the steps given below:

Step 1: Visit the ICAI portal. Go to the ‘Course Registration’ section under the Student’s tab.

Step 2: On the registration form section, click on ‘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 OTO, you’ll get the OTP, and then verify it. The OTP will be sent on your registered mobile number and verification link on your email id.

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

Step 6: You need to login and select the “student cycle”. Then click on ‘Apply for Foundation’, fill the necessary details and click on ‘Save and Next’.

Step 7: After filing all the required details, the next step is to pay the registration fees. The fees will be paid online, so you’ll need Master/Visa/Maestro Credit/Debit/Rupay/Net Banking Card to pay the fees.

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

You have to deposit the form within 7 days, duly signed by the candidate along with the following documents –

  1. Attested Copy of the Admit Card/ Marksheet of class 12th examination issued by the respective board.
  2. You need to affix the latest colored photograph on the hard copy of such registration form.
  3. If the student is a Resident of another country, then attested copy of proof of Nationality.
  4. Attested copy of proof of special category certificate i.e. ST/SC/OBC, differently-abled.
  5. Attested copy of 10th Marksheet/ Admit card indicating the Name and Date of Birth.

Although registration is not a one-time procedure. 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 decided by the council from time to time.

 

CA Foundation Course Fees

The CA Foundation Course fee for Indian students is Rs. 10,900 and for foreign students, it is $1065. However, it is not to paid as a one-time payment. At the time of registration, you need to pay Rs. 9000 plus Rs. 200 for the cost of foundation prospectus. We also recommend to subscribe for the students journal as you’ll get 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 foundation prospectus. The exam form fee for foreign students is $325.

Details of FeesRupeesFor Foreign Students (US $)
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 Kathmandu centre is Rs. 2200. Once the above registration process is completed, the Study Material will be dispatch to the candidates through the Centralized Dispatch System (CDS).

Exemption: ICAI has given a 75% concession in the registration fees for the CA candidates from some specific states. Read more details at CA Foundation Fee Structure.

Read More: CA Course Duration

CA Foundation Exam Form

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

Candidates are 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. ICAI has ceased to send the admit cards physically or offline. Now you can only download Admit Card for CA Foundation exam, online from the ICAI website.

You can download the admit cards for maximum three times. Take the print out 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 an opportunity to rectify such error. Read the steps you need to follow to rectify the errors of your admit card in our guide to CA Foundation Admit Card.

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

Correction Window in CA Foundation

The ICAI provides 2 correction window for the students who wants 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(without late fees). 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 request made immediately before 7 days will not be entertained by the ICAI under any case.

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 need to download the CA Foundation study material and books.

 

CA Foundation Exam Pattern and Papers

To perform better in the exams, you must be aware of 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 new CA foundation question paper with mock test papers, and revision test papers as per the latest scheme of the CA Foundation for practice.

Related: Do you know these simple time-saving calculator tricks for CA Foundation Exam?

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.

What after CA Foundation?

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. For the candidates, who prefer Hindi, can read our blog on What to do after CA Foundation in Hindi.

FAQs

Ques 1. What is the registration fee charged by ICAI for the CA Foundation Course?

Ans. Rs. 9200 for Indian students and US$ 720 for foreign students.

Ques 2. What is the eligibility criteria of CA Foundation? 

Ans. A student can register in this course after appearing and clearing the 12th examination constituted by the law or recognized by the Central Government.

Ques 3. Is CA Foundation easy to clear?

Ans. CA Foundation is not a hard exam, unless you prepare for it well.

Ques 4. What is the syllabus of CA Foundation Exam?

Ans. The CA Foundation exam consists of 4 subjects including Accounts, Law, Reasoning, Mathematics, Economics, etc. Check the full details above.

Ques 5. 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 6. 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.