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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:
- CA Foundation Course Examination: Comprising four papers, this foundational exam tests basic knowledge and understanding.
- CA Intermediate Examination: Consists of eight papers, divided into New Syllabus and Old Syllabus.
- 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 |
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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 |