The Chartered Accountancy Foundation or the CA Foundation exams is the first step in becoming a Chartered Accountant. The CA profession is a great and the most lucrative option to enter into the finance and accounting profession. The CA Foundation exam date 2023 for the December attempt is out, and the exam is scheduled from December 31, 2023, to January 6, 2024.
If you are a CA aspirant planning to sit for the CA Foundation exam, then in this post, we will highlight all the essential details, including important dates, the application process, the CA Foundation exam pattern, and also a few important tips that will help you prepare better for the exam.
Basic Details of CA Foundation Exams
|Name of Exam
|Number of Subjects
|Principles and Practice of Accounting
Business Laws and Business Correspondence and Reporting Business
Business Mathematcis and Logical Reasoning & Statistics Business
Economics and Business and Commercial Knowledge
|Appeared or Completed Class 12th
|Each Subject – 40%
Aggregate – 50%
|Mode of Exam
|Subjective and Objective
|Last Date of Registration
|For Nov/Dec 2023 Attempt, 1 July 2023
|Exam form Fill-Up Date
|Aug 2 to Aug 23, 2023
|Dec 31, 2023 to Jan 06, 2023
|2 Times in a year
CA Foundation Exam Result 2023
Here is the step-by-step process of how you can download the CA Foundation Result:
- Visit the ICAI exam website, www.icai.nic.in.
- Select the “Foundation: Dec 2023”, enter your Roll Number with PIN or registration number as prompt,
- Input the Captcha code provided and answer security questions when asked before clicking either “Submit” or “Check Result.”
- Now, a new window will appear with your CA Foundation Result. You can download the results for future use.
CA Foundation Exam 2023 Eligibility Criteria
Following are the eligibility requirements for CA Foundation Nov 2023 registration:
- Students must have passed or appeared in the 12th examinations established by law or administered by an examination body recognized by the Central Government.
- Also, they should complete their registration before 1 July 2023 to sit for the December 2023 CA Foundation exams.
- They must complete four months of study period before they sit for the CA Foundation exams.
- Students also must register with the Board of Studies (BoS).
ICAI is also accepting provisional registrations for students who have passed their 10th class examinations; instead of providing their 12th Marksheet, they need only submit a scanned copy of their admit card. Students awaiting the results of exams taken can also avail of the Provisional registration.
CA Foundation Exam Application Process
You must complete the CA Foundation exam registration process in order to sit for the CA Foundation Exams. Here is the process:
- Visit the website of ICAI icaiexam.icai.org.
- Next, you have to enter the essential details and select Generate OTP to generate an OTP. So you will get the OTP directly to your registered mobile number or email id.
- So, next, enter this OTP to complete validation; afterwards, you’ll receive your login credentials via Email/SMS.
- Once your credentials have been accepted, log on to the ICAI website using them and select Student Cycle from the left-hand side.
- Select ‘Apply for Foundation’, and you will see a form with some fields pre-filled for you. The next step is to complete all other information before clicking on ‘Save and Next’ to submit documents in digital format. Also, don’t forget to upload your photo and signature.
- Once all of your details and documents have been submitted, you need to pay the CA Foundation registration fees.
- So the next thing is taking out the printout of the registration form. Next, you must attach the required documents and then send them to the ICAI’s postal address.
Documents Required For CA Foundation Registration
For completing the CA Foundation exams Registration, you need to keep a scanned copy of the following documents ready. So these are:
- Recent Color Photograph
- Copy of Class 10 & 12 Admit Card/Marksheet
- Proof of Identity
- If foreign, proof of Nationality
CA Foundation Exam Pattern
To score better in the CA Foundation exams, it is important that you should be aware of the CA Foundation exam pattern, marking scheme, time allotment, and type of questions asked.
Here is the detailed CA Foundation exam pattern:
|Mode of Exam
|Paper 1 and 2 – 3 Hours
Paper 3 and 4 – 2 Hours
|Question Type Asked
|Paper 1 and 2 – Subjective Type
Paper 3 and 4 – Objective Type
|Marks Per Subjects
|No Negative Marking for the Subjective paper (1 and 2).
Negaitve Marking of 1/4 Mark (for wrong answers) for objecctive papers (3 and 4).
|Medium of Exam
|English/Hindi except for Section (b) of Paper 2 (English only)
CA Foundation Exam 2023 Preparation Tips
1. Focus on Conceptual Understanding
The CA Foundation exams demand more than simply memorizing concepts; rather, they call for an in-depth knowledge of concepts and their practical applications. Take time to fully comprehend accounting, law, and economic principles as you study for exams such as this one. If any particular concept proves difficult for you to grasp, don’t be shy about seeking clarification from teachers, mentors, or fellow students for assistance if necessary – having a strong conceptual foundation will serve you well both now and later on your journey towards becoming a chartered accountant!
2. Practice and Mock Tests
Practice is the key to performing well in the CA Foundation exams. Dedicate significant time to solving practice questions, previous year papers and mock tests as you study for them. Doing this will familiarize you with the exam pattern while honing time management skills, analyze mock test performances to identify strengths and weaknesses so as to adjust your study plan appropriately, and increase confidence while lowering exam anxiety.
3. Stay Up-to-Date With Current Affairs
The CA Foundation exams require you to pass a Business Economics and Commercial Knowledge paper, which requires staying abreast of current affairs and business news. A great way to stay informed about relevant matters is by reading newspapers, financial magazines and online publications regularly, as well as being mindful of significant economic events, corporate developments and government policies that impact them all. Being aware of your environment will not only help improve your performance in this paper but will also expand your overall knowledge.
4. Maintain a Healthy Lifestyle
Last but not least, don’t neglect your physical and mental well being during CA Foundation exam preparation. Long hours of studying can have an adverse impact on both health and concentration; to make sure you remain focused and productive for as long as possible, it’s important that you get enough sleep, consume a balanced diet and engage in regular physical activity.
Have short breaks in your study schedule for mental refreshment. Also, you can use relaxation techniques such as meditation or yoga to manage stress effectively and keep the focus going throughout. Keeping both body and mind healthy can help ensure focus and productivity throughout your preparation journey!
Frequently Asked Questions
Q1. What is the date of the CA Foundation exam 2023?
Ans: The CA Foundation exam date is December 31, 2023. January 2, 4, 6, 2024.
Q2. Are CA Foundation exams conducted twice a year?
Ans: Yes, CA Foundation exams are conducted twice a year.
Q3. What is the last date for the CA Foundation exam from Dec 2023?
Ans: The last date for CA Foundation exam registration is July 1, 2023.