CA Foundation- the entry to the world of Chartered Accountancy. For a student who has just cleared the 12th examination, looking for a career in the world of commerce, Chartered Accountancy can turn out to be a really good option. In fact, according to some, it is the best career option available for commerce students. Here is everything you need to know about CA Foundation Registration.
Also Read | CA Course: Basics That You Need To Know
What is CA Foundation?
CA Foundation is the entry level exam for the CA Course. Candidates after appearing for class 12th or equivalent examination can register for CA Foundation. Candidates are required to complete 4 months study period from the date of registration to be eligible for appearing in the CA Foundation exams. That is, the candidates registered on or before 30th June/31st December will be eligible to appear in November/May examination, as the case may be.
Eligibility Criteria for CA Foundation
The candidate will be eligible to register for this course only after appearing in the 10+2 examinations constituted by Law or conducted by an examining body recognized by the Central Government. Unlike earlier, the candidate will be eligible to sit for the exam only after passing the 10+2 Examination.
Procedure for CA Foundation Registration
To register for CA Foundation level of CA Course, follow the following steps:
Go to the ICAI website (www.icai.org), click on the ‘Self Service Portal (SSP)’ tab on top of the page in red.
Thereafter a sign-in screen will appear. The existing candidates can log in through their credentials. Whereas the new students will have to register themselves by clicking on ‘New student enrolling for the first time Click Here’
Thereafter a login screen will appear. Candidates who are registering for the first time for CA need to click on ‘New Students Who wants to register for CA for the first time click here’
Before filling the required details read the ‘Important Note’ carefully. Candidates, please note that you can not change any detail provided by you after submission of Form. So fill all the details very carefully & check twice before submitting the form. After filling the required details candidates should click on ‘Generate OTP’.
After clicking on Generate OTP a confirmation window will pop up. In case you have entered wrong Mobile No. click on cancel & change your Mobile Number. If you have entered correct Mobile Number click on ‘OK’.
After clicking on ‘OK’ it will show a captcha verification window. Enter the captcha text displayed in the image & click on ‘Submit’ to receive OTP.
After clicking on submit tab an OTP (One Time Password) will be generated & will be sent to their registered Email Id & Mobile No. After receiving the OTP, the candidate will have to enter it & click on ‘Validate OTP’.
Thereafter OTP & Email has been validated.
After getting your mobile no. & email id validated the login id & password will be sent to the registered email id as entered. Students can now login on the login page of the next step with the same credentials.
When you log in on the SSP Portal using the login id & password generated in the earlier step Student’s profile window will pop up. Their candidates have to click on ‘student cycle’ option.
After clicking on the student cycle option, student module window will pop up. Their candidates have to click on the ‘Apply for Foundation’ tab.
Thereafter foundation registration form will pop up on the screen. Fill all the pending details carefully & make requisite payment through the payment gateway. Once the payment is successful form will automatically go for approval to ICAI. ICAI will inform you on mail about approval of your registration form.
In the earlier registration process, candidates will be needed to deposit the form to the concerned regional office duly signed by the candidate within 7 days along with the required documents. Now according to the new registration process, the form will automatically be reached to ICAI for approval. Students don’t need to submit any hard copy of the registration form or any document.
Can I Register for CA Foundation before clearing 12th examination?
Yes, you can register for CA Foundation before clearing your 12th standard board examination.
Required Documents for CA Foundation Registration
For the CA Foundation Registration, you’ll be required to upload the scanned copy of original documents. But one thing to be kept in mind is that only scanned copy is accepted, an image captured from a mobile/camera or so will be rejected.
- The duly signed printout of the online successful registration form in hard copy.
- Attested copy of Admit Card / Mark sheet of Class 12 examination issued by the respective Board.
- One recent color photograph (affixed on the printout of the online successful registration form).
- Attested copy of
-proof of Nationality, if the student is a foreigner.
-special category certificate i.e SC/ST, OBC, Differently abled.
-the 10th Marksheet/ Admit Card of 10th class indicating the Name & Date of Birth.
The form and documents are to be submitted in consonance with the address at any of the Regional Offices. Candidates can find the address of the same here.
Validity of Registration
The registration for CA Foundation course is valid for a period of three years. Even if a candidate is not able to clear a certain attempt, his/her registration will not expire. Resultantly, a candidate can give 6 attempts for CA Foundation but after that, they will have to register again in order to appear in the exams.
Fees for Registration
The registration Fees for CA Foundation is INR 9,000. The cost of CA Foundation prospectus is INR 200. Students have the option to opt for a subscription for Student’s/Member’s Journal, whose fees is INR 200 and INR 400, respectively. Subsequently, the registration fees for CA Foundation is INR 9,200 along with prospectus but without the journal.
How will I get my CA Foundation Books?
CA Foundation books are provided by the ICAI upon successful registration. Once the candidate has registered with ICAI paying the prescribed fees, their login credentials will be sent to the registered e-mail id. The candidate can use the credentials to log in to his/her account to order the books. Subsequently, candidates can follow the following steps to order the books-
Visit the website by clicking here. Click on the ‘Sign In/Sign Up’ option at the top right corner of the page.
Enter your ‘Registration Number/Mobile No.’ and your ‘Date of Birth’, and the captcha and click on ‘Login’.
Click on the ‘Redeem Coupon’ option.
CA Foundation Syllabus
The CA Foundation syllabus consists of four papers which are as follows:
Paper 1: Principles and Practice of Accounting
This is the first paper of CA Foundation. The objective of this paper is to develop a basic understanding of the concepts and principles of Accounting. And acquire the ability to apply the same in preparing financial statements, computing accounting ratios and simple problem-solving.
Paper 2: Business Laws and Business Correspondence and Reporting
The second paper of CA Foundation comprises of two sections. The first section is Business Laws and the second section is Business Correspondance and Reporting. The second section itself contains four parts, viz., Communication, Sentence Types, and Word Power, Comprehension Passages and Note-Making, and Developing Writing Skills.
Paper 3: Business Mathematics, Logical Reasoning, and Statistics
The third paper is divided into 3 parts, i.e., Business Mathematics, Logical Reasoning, and Statistics. The objective is to develop an understanding of the basic mathematical and statistical tools and their application in Business, Finance, and Economics. And to develop logical reasoning skills and apply the same in simple problem-solving.
Paper 4: Business Economics and Business and Commercial Knowledge
Paper four of CA Foundation contains two parts, Business Economics, and Commercial Knowledge. The first part helps in developing an understanding of the concepts and theories in Business Economics and apply the same in simple problem-solving. The second part develops an understanding of common business and commercial concepts and to keep abreast with developments in the business and commercial world.
As per ICAI, students are expected to read at least one financial newspaper and one business magazine on a regular basis. Along with that, they may also watch a business channel to remain updated about the developments related to the commercial world.
Filling the registration form is not enough. Once you have filled the registration form you have to fill the exam form as well to be eligible for appearing in the exam. The exam forms are usually available in the month of February-March for May attempt and in the month of August-September for November attempt. For the May 2019 examination, the exam form was available from 20th February 2019 to 12th March 2019. The examination fees for CA Foundation is INR 1,500.
CA Foundation Exam Pattern
CA Foundation exam consists of 4 papers, of which, Paper 1 and Paper 2 are Subjective type papers whereas Paper 3 and Paper 4 are Objective type papers. Following are some important points-
- Each paper is of 100 Marks and the maximum duration is 3 hours.
- There is a negative marking scheme in Paper 3 and Paper 4. That is, 1/4th of the marks will be deducted for every wrong answer.
- To clear the CA Foundation course, it is required to score a minimum of 40% marks in each paper and a minimum of 50% marks in aggregate of all the papers are required.
Usage of Calculator in CA Foundation Exams
Candidates are allowed to use a calculator in their CA Foundation examination. The calculator is allowed for both subjective as well as objective paper. But the calculator needs to meet the following criteria-
- up to 6 functions.
- 12 digits and up to two memories.
- scientific calculators are not allowed
Is it Possible to Prepare for CA Foundation without Coaching?
Yes, it is. It is a common norm to take coaching but not a compulsion. But for clearing CA Foundation without coaching, a candidate has to be extra dedicated. A candidate has to realize that s/he doesn’t have a teacher to rely on and has to study on his/her own. The study materials provided by the institute are enough. The student must go through the RTPs and MTPs several times to have a better grip of the syllabus. And of course, constant practice. Since two subjects are of subjective type students have to have a good writing practice. In-depth knowledge is also required for clearing the objective type questions. But it is very much achievable.
And in the end, all the very best for embarking your CA journey. If you have any more questions, feel free to drop them in the comment section below.