CA Foundation 2020

CA Foundation

A career path that offers highly rewarding and electrifying career opportunities, persuing CA after graduation has been a focal point of attention for decades. Popularly opted by those who want to build a career in the field of Finance, Economics, Law, and Accounts, Chartered Accountancy improves one’s understanding of Taxation and Auditing, Budgeting, Cost Accounting, Consulting, and Financial Management with respect to an organization. So, if you have the zeal to handle a pivotal position in this highly gratifying field of Accountancy, then pursuing CA is one of the most suitable options. Counted amongst the toughest exams in the world, one can become a CA either through direct entry or through CA foundation, both conducted by the Institute of Chartered Accountant of India (ICAI) biannually (May and December). In this blog, we would dwell upon the key details of the foundation course and the dates related to it. 

Important Events 2020

There are certain significant events related to the CA foundation course such as the form filling, dates of the examination, etc, that one needs to pay heed to. With registration conducted in an online mode, this exam can be given either in Hindi or English mediums. Further, once registered, the information stays valid for three years i.e. up to six attempts. The candidates also have the option of extending the registration for further 3 years by paying Rs. 300/- as revalidation fees. Mentioned below are a few of the essential details pertaining to the exam: 

Registration Dates 

CA Foundation  Dates 
Deadline for Registration  31st Dec 2019
CA Foundation Exam Form Availability  5th Feb 2020
Deadline to fill the Application Form  26th Feb 2020 
Deadline to fill Application Form with late fees  4th March 2020 
Date of issuing the Admit Card  Yet to be decided 
Declaration of Results  Mid-July 2020 

Examination Dates

The dates of the CA foundation under the new scheme are 11th, 13th, 15th & 17th May 2020 as per the notification of ICAI. While the paper 1 and paper 2 will have to be completed within 3 hours (2:00 p.m. to 5:00 p.m), the paper 3* and paper 4* have to be finished within a span of 2 hours (2:00 p.m. to 4:00 p.m).  

A career path that offers highly rewarding and electrifying career opportunities, persuing CA after graduation has been a focal point of attention for decades. Popularly opted by those who want to build a career in the field of Finance, Economics, Law, and Accounts, Chartered Accountancy improves one’s understanding of Taxation and Auditing, Budgeting, Cost Accounting, Consulting, and Financial Management with respect to an organization. So, if you have the zeal to handle a pivotal position in this highly gratifying field of Accountancy, then pursuing CA is one of the most suitable options. Counted amongst the toughest exams in the world, one can become a CA either through direct entry or through CA foundation, both conducted by the Institute of Chartered Accountant of India (ICAI) biannually (May and December). In this blog, we would dwell upon the key details of the foundation course and the dates related to it. 

Important Events 2020

There are certain significant events related to the CA foundation course such as the form filling, dates of the examination, etc, that one needs to pay heed to. With registration conducted in an online mode, this exam can be given either in Hindi or English mediums. Further, once registered, the information stays valid for three years i.e. up to six attempts. The candidates also have the option of extending the registration for further 3 years by paying Rs. 300/- as revalidation fees. Mentioned below are a few of the essential details pertaining to the exam: 

Registration Dates 

CA Foundation Dates 
Deadline for Registration 31st Dec 2019
CA Foundation Exam Form Availability 5th Feb 2020
Deadline to fill the Application Form 26th Feb 2020 
Deadline to fill Application Form with late fees 4th March 2020 
Date of issuing the Admit Card Yet to be decided 
Declaration of Results Mid-July 2020 

Examination Dates

The dates of the CA foundation under the new scheme are 11th, 13th, 15th & 17th May 2020 as per the notification of ICAI. While the paper 1 and paper 2 will have to be completed within 3 hours (2:00 p.m. to 5:00 p.m), the paper 3* and paper 4* have to be finished within a span of 2 hours (2:00 p.m. to 4:00 p.m).  

Note: There will be no advance reading time in Paper 3 and Paper 4 of the examination but 15 minutes will be allotted to the students for the other two papers. 

CA Foundation: Eligibility Criteria 

Before filling the form, one must pay heed to certain eligibility criteria that are rudimentary to the application process. The ICAI requires the following conditions to be completed before one appears for the CA foundation: 

  • The candidate must have completed their 10+2 examination i.e. senior secondary level or its equivalent from a recognized board or university. 
  • Applicants must complete a rigorous training period of 4 months and register by 31st June (for the November exam) or 31st December (for the May exam). This is done so as to establish that only focused candidates appear for it. 

Also Read: How to become a Chartered Accountant

CA Foundation: Exam Pattern 

From inventories, financial statements, and production and costs to communication skills, business organizations, and regulatory bodies, the entry-level exam to become a CA covers many subjects comprehensively. While papers 1 and 2 are objective in nature, the other 2 are subjective. To clear the CA foundation, the candidates have to secure a minimum of 40% in every paper and 50% overall. With maximum 400 marks and topics bifurcated into 4 papers, given below is the exam pattern of the CA foundation: 

CA Foundation PapersSectionsMarks
Paper 1: Principles and Practises of Accounting100 
Paper 2: Business Law and Business Correspondence and ReportingSection A – Business Law 

Section B – Business Correspondence and Reporting: 

Part l – Communication
Part ll – Sentence Type and Word Power
Part lll – Comprehension Passage and Note Making
Part lV – Developing Writing Skills 
60

40
Paper 3: Business Mathematics, Logical Reasoning, and StatisticsPart A – Business Mathematics
 
Part B – Logical Reasoning 

Part C – Statistics 
40

20

40
Paper 4: Business Economics and Business & Commercial KnowledgePart A – Business Economics

Part B – Business and Commercial Knowledge
60

40

Note:  While there will be no negative marking for Paper 1 & 2, ⅓ of the total allotted marks to the question will be deducted for wrong answers in Paper 3 & 4 

Registration Fees 

Fees Distribution Indian National Students Foreign Nationals (Including SAARC Countries)
Prospectus Rs. 200$20 (US) 
Registration FeesRs. 9000$700
Students Journal (Optional Subscription for a year) Rs. 200$20
Members Journal (Optional Subscription for a year)Rs. 400$40
TotalRs. 9800$780

The CA Foundation course is very exhaustive and needless to say, one needs to put in great efforts to clear the exam with flying colours. If you are planning to study Accountant courses or other professional courses after 12th Commerce stream before starting with the preparation for CA, but have any doubts or apprehensions regarding it then get in touch with our expert counsellors at Leverage Edu and get all your career-related queries answered. 

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