Exams   »   CA Foundation 2024

CA Foundation 2024: Course Details, Exams, Registration, Eligibility, Fees and Syllabus

The CA Foundation is the entry-level examination for aspiring Chartered Accountants in India, serving as the first step toward a professional career in accounting. The CA Foundation 2024 course offers a structured pathway to gain essential knowledge and skills required for the CA profession. This comprehensive guide covers all crucial aspects, including course details, examination schedules, registration processes, eligibility criteria, fee structures, and the syllabus. Whether you’re preparing to start your journey or seeking more information about the CA Foundation, this article provides a complete overview to help you navigate through the essential steps and requirements for 2024.

CA Foundation 2024

The CA Foundation 2024 is the initial step for aspiring Chartered Accountants in India, conducted by the Institute of Chartered Accountants of India (ICAI). This prestigious exam is recognized by the University Grants Commission (UGC) as being equivalent to a postgraduate degree. The CA qualification journey involves passing through three crucial levels:

  1. CA Foundation Course Examination: Comprising four papers, this foundational exam tests basic knowledge and understanding.
  2. CA Intermediate Examination: Consists of eight papers, divided into New Syllabus and Old Syllabus.
  3. CA Final Examination: Also includes eight papers, categorized into New Syllabus and Old Syllabus.

The ICAI has announced the CA Foundation September 2024 exam dates, with registration starting on July 28, 2024. The results for the CA Foundation May 2024 exams are expected to be released soon, and the specific date will be communicated through an official ICAI notification. This article will provide a detailed overview of the CA Foundation 2024, including course details, exam schedules, registration processes, eligibility requirements, fees, and syllabus information.

CA Foundation 2024: Key Highlights

The CA Foundation 2024, administered by the Institute of Chartered Accountants of India (ICAI), is a key step for individuals aiming to become Chartered Accountants. This foundational exam, previously known as the Common Proficiency Test, is conducted in offline mode with a pen-and-paper format.

CA Foundation 2024: Key Highlights
Exam Name CA Foundation Exam (earlier known as the Common Proficiency Test)
Exam Conducting Body Institute of Chartered Accountants of India (ICAI)
Mode of Exam Pen and Paper-based
Frequency Twice a year (June and September)
Level of Exam National level
Medium of Exam English / Hindi
Number of Papers 4
Total Marks 400

CA Foundation 2024 Important Dates

The upcoming session in September 2024 will follow the June 2024 session. Here’s a detailed schedule of important dates for the CA Foundation 2024, including registration deadlines, correction windows, and exam dates.

Events September 2024 Dates
Availability of Exam Form July 28, 2024
Deadline for Filling the Exam Form Without Late Fee August 10, 2024
Deadline for Filling Out Exam Form With Late Fee (Rs. 600) August 13, 2024
Correction Window August 14 to 16, 2024
Availability of Admit Card Around 10 days before the exam
CA Foundation Exam Dates September 13, 15, 18, 20, 2024
Announcement of CA Foundation Result November 2024 (expected)

CA Foundation Exam 2024 Application Process

The registration for the CA Foundation exam scheduled for September 2024 opens on July 28, 2024. The application process is conducted online through ICAI’s self-service portal. Candidates are advised to complete their registration by August 10, 2024, to avoid any late fees. If applying after this date, a late fee will be applicable until August 13, 2024.

While the CA Foundation exam occurs twice a year, timely registration is essential to ensure a smooth process.

CA Foundation Exam Form September 2024

To register for the CA Foundation exam scheduled for September 2024, candidates must complete the online exam form. The Institute of Chartered Accountants of India (ICAI) will open the exam form window on July 28, 2024. Here’s a step-by-step guide to the process:

  • Registration Window: The CA Foundation exam form for the September 2024 session will be available from July 28, 2024. Candidates can access and fill out the form through the official ICAI website.
  • Late Fee Submission: If the initial deadline is missed, candidates can submit the exam form with a late fee until August 13, 2024.
  • Correction Window: A correction window will be available from August 14 to 16, 2024. During this period, candidates can make necessary corrections to their submitted forms.

Steps to apply for CA Foundation 2024

To register for the CA Foundation exam for September 2024, follow these steps:

  • Visit the Official Website: Go to icai.org.
  • Access e-Services: Click on the “e-services” tab on the homepage.
  • Select Student Services: Choose “student services” from the drop-down menu.
  • Choose Entry-Level Forms: Click on “Entry-level forms – Foundation and Intermediate (Direct Entry).”
  • Complete the Application Form: Fill out the CA Foundation application form with your details.
  • Upload Required Documents: Upload your recent photograph, educational mark sheets, proof of identity, and any other necessary documents.
  • Make Online Payment: Proceed to make the online payment for the application fee.
  • Save the Receipt: After completing the payment, save the receipt for future reference.

CA Foundation Exam 2024 Registration Fees

The registration fees for the CA Foundation 2024 are as follows:

Details Fee for Indian Students (Rs) Fee for Foreign Students ($)
Cost of Foundation Prospectus 200 20
CA Foundation Registration Fees 9000 700
Subscription for Student’s Journal (Optional, 1 Year) 200 20
Subscription for Member’s Journal (Optional, 1 Year) 400 40
Total 9800 780

CA Foundation Exam 2024 Eligibility Criteria

The Institute of Chartered Accountants of India (ICAI) has established specific eligibility criteria for candidates aspiring to take the CA Foundation exam. These criteria are designed to ensure that only qualified individuals participate in the examination process. Here’s a summary of the key eligibility requirements:

  • Educational Qualification: Candidates who have completed Class 10 are eligible for provisional registration. Candidates who have cleared Senior Secondary (10+2) or are in their final year of schooling can also apply for provisional registration with the ICAI.
  • Registration Deadlines: To be eligible for the CA Foundation exams conducted in May/June or November/December, candidates must complete their registration on or before January 1 or July 1 of the respective year.
  • Study Period: Candidates are required to complete a minimum of four months of study before they can appear for the CA Foundation exam. This study period is crucial for adequate preparation and understanding of the exam syllabus.
  • Age Limit: There is no specific age limit set for appearing in the CA Foundation exam. However, candidates must meet the educational qualifications and registration requirements.
  • Nationality: The CA Foundation exam is open to Indian as well as foreign candidates, provided they meet the educational and registration criteria.

CA Foundation Registration Validity

The CA Foundation exam is held twice a year, and your registration is valid for three years. This period allows you up to six attempts to clear the exam.

Key Points to Remember:

  • Validity Duration: 3 years from the date of registration.
  • Number of Attempts: Up to 6 attempts.
  • Revalidation: After three years, if you need additional time, you must revalidate your registration by paying a revalidation fee of Rs. 300.

CA Foundation 2024 Exam Pattern

Understanding the exam pattern for the CA Foundation exam is crucial for effective preparation. The CA Foundation Sept 2024 exam will follow a structured pattern to assess candidates’ knowledge across various subjects. Here’s a detailed overview of the exam pattern to help you strategize your study plan and perform well in the examination.

Aspect Details
Mode of Exam Pen and Paper-based
Type of Questions Paper 1 and 2: Subjective
Paper 3 and 4: Objective
Exam Duration Paper 1 and 2: 3 hours each
Papers 3 and 4: 2 hours each
Medium of Exam English / Hindi
Number of Papers 4
Total Marks 400 (100 marks for each paper)
Negative Marking Papers 1 and 2: No
Paper 3 and 4: 0.25 mark deduction per wrong answer

The CA Foundation exam consists of four papers, each focusing on different subjects crucial for a career in Chartered Accountancy. Below is a detailed overview of the subjects covered under the new syllabus:

Sl. No. Paper Name Marks Type of Questions
1 Paper 1: Accounting 100 Objective
2 Paper 2: Business Laws 100 Objective
3 Paper 3: Quantitative Aptitude 100 Part A: Business Mathematics (40 Marks)
Part B: Logical Reasoning (20 Marks)
Part C: Statistics (40 Marks)
4 Paper 4: Business Economics 100 Subjective

CA Foundation 2024 Syllabus

For the CA Foundation 2024 exam, the Institute of Chartered Accountants of India (ICAI) has implemented a new syllabus effective from July 1, 2023. The updated syllabus aims to better align with current industry practices and requirements. The syllabus for each paper is as follows:

Papers Subjects
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
Links Related to CA Foundation Exam
CA Foundation Admit Card 2024 CA Foundation Eligibility 2024
CA Foundation Syllabus 2024 CA Foundation Pass Percentage 2024

FAQs

When to register for CA Foundation 2024?

Starting May 1, 2024, students can begin registering for the CA Foundation Course under the new scheme. The first exam for this scheme will take place in June 2024. ICAI recently announced that the CA Foundation Exam will now be held three times a year: in June, September, and January.

How many papers are there in the CA Foundation exam?

The CA Foundation exam consists of four papers.

Is CA Foundation held 3 times a year?

In a landmark move by ICAI, Intermediate & Foundation course examinations will now be held thrice annually in January, May/June, and September, as opposed to the previous schedule of twice a year.

Can I pass CA in 3 years?

In conclusion, the journey to becoming a Chartered Accountant takes approximately 4.5 to 5 years.

At what age CA is completed?

The minimum age for registering for the CA course is 18 years. No upper age limit allows individuals to pursue CA at their own pace.

Can I skip foundation in CA?

The ICAI permits students with certain educational qualifications to skip the CA Foundation course and take a direct entry into the second level, which is the CA Intermediate Course.

Can I pass CA Foundation easily? .

Even though the foundation level is the easiest of all the three levels, it still requires preparation and planning due to the vast syllabus to clear the exam with good marks. The real journey starts after that so passing the exam is not very difficult.

What if I fail in one subject in CA Foundation?

It's a provision that allows a student who fails in one subject to be excused if they score 60% or more in another subject. They'll then only need to retake the failed subjects. This rule applies to three subjects. Before appearing for these exams, it's crucial to understand the exemption rules set by ICAI.

What is the syllabus of CA Foundation?

The CA Foundation Syllabus comprises topics from Principles and Practice of Accounting, Business Laws and Business Correspondence & Reporting, Business Mathematics, Logical Reasoning, Statistics & Business Economics, and Business & Commercial Knowledge.

What is the CA distinction marks?

A candidate securing 70% and above marks is declared to have passed with Distinction. A candidate securing a minimum of 60% marks in order of merit up to 10th Rank are included in the Merit List and Merit Certificate to such candidates are also issued.

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