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Exam Level :
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Prospectus
Syllabus
CA Foundation Exam 2021: The CA Foundation Exam 2021 or Chartered Accountant Foundation Exam 2021 will be conducted by the Institute of Chartered Accountants of India or ICAI for enrolment in the Intermediate Course of the Chartered Accountancy Course.
The Examination is for the class 12th or its equivalent appearing/pass students to join the Chartered Accountancy course and become a Chartered Accountant or CA.
The CA Foundation Exam is conducted twice every year by the Institute of Chartered Accountants of India or ICAI.
The Procedure to be followed for appearing and after clearing the CA Foundation Exam are as follows:
CA Foundation Exam Key Points:
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CA Foundation Exam Full Form |
Chartered Accountancy Foundation Examination |
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Conducting Body |
Institute of Chartered Accountants of India or ICAI |
|
Exam Level |
National |
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Mode of Application |
Online |
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Mode of Exam |
Offline |
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Exam Duration |
4 papers (Paper 1 and 2: 3 hours each and Paper 3 and 4: 2 hours each) |
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Exam Frequency |
Twice a year |
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Score Validity |
Same year |
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Number of Questions |
Paper 1: 6 Questions Paper 2: 11 Questions Paper 3: 100 Questions Paper 4: 100 Questions |
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Questions Type |
Paper 1 and 2 are Subjective while Paper 3 and 4 are Objective. |
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Application Fee |
For Indian Centres: ₹1500 For Kathmandu Centre: ₹2200 For Overseas Centres (except Kathmandu): US $325 |
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Total Seats Offered |
NA |
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Accepting Colleges |
NA |
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Official Website |
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Helpline |
7877966966 |
CA Foundation Exam Application Form May 2021:
The CA Foundation Exam Application Form for May 2021 Exam will be available online on the examination portal of the ICAI or Institute of Chartered Accountants of India: https://icaiexam.icai.org/ tentatively from the first week of March 2021 and will be available till the last week of March 2021.
Before appearing for or filling up the Application Form for CA Foundation Exam the student needs to register for the Foundation Course either while appearing for the Class 12th or after passing the examination.
The Student can apply for the Foundation Examination after completing the 4-month of study of the Foundation Course Subjects.
The Procedure is as follows: Register with the Board of Studies of the Institute on or before the 1st day of January or the 1st day of July for the examination to be held in the months of May/June or November/December respectively. In other words, 4 months study period is required before appearing in Foundation Examination.
So, for appearing in CA Foundation Exam in May/June 2021 the candidate needs to register for the CA Foundation Course on or before 1st January 2021.
CA Foundation Exam Application Fee:
The CA Foundation Exam Application Fee as per the examination centre chosen is as follows:
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Category |
Application Fee |
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For exam centres in India |
₹1500 |
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For exam centre in Kathmandu, Nepal |
₹2200 |
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For Overseas Exam centre excluding Kathmandu |
US $325 |
The CA Foundation Application Form May 2021 steps to be followed are as follows:
Step 1: Registration: Go on the ICAI Exam official site and Click on “Register Now” Complete your registration by filling the basic details like Email Id, Phone Number etc. Once the registration is complete please note down your registration number and password.
Step 2: Profile Completion/Filling of Application Form: After successful registration complete your profile details and fill your application form.
Step 3: Apply for the Examination: Select the Foundation Course and Click on Apply for Exam. Fill up the Exam details and submit.
Step 4: Preview the Application and finally submit the application form after accepting the declaration.
Step 5: Complete the Payment Process.
Step 6: Download and save the Payment Details. Also download the Application Form pdf.
Before filling the CA Foundation Exam Application Form please read carefully the CA Foundation Exam Eligibility Criteria and other important details.
CA FOUNDATION Exam Eligibility Criteria 2021: The CA Foundation Exam Eligibility Criteria 2021 is necessary for students to read before doing registration for the examination.
The Eligibility Criteria is important for any examination because even if a candidate does not fulfil a single criterion of the eligibility criteria declared for the examination then the candidate is not allowed to appear for the examination or even after appearing for the examination and clearing the same the admission through the examination stands cancelled or void.
The CA Foundation Exam Eligibility Criteria 2021 in detail are as follows:
Qualification:
LIST OF EXAMINATIONS TREATED AS EQUIVALENT TO SENIOR SECONDARY EXAMINATION:
1. Board of Intermediate Education, Andhra Pradesh
2. Assam Higher Secondary Education Council
3. Bihar School Examination Board
4. Central Board of Secondary Education (CBSE)
5. Chhattisgarh Board of Secondary Education
6. Council for Indian School Certificate Examinations (CISCE)
7. Goa Board of Secondary and Higher Secondary Education
8. Gujarat Secondary & Higher Secondary Education
9. Board of School Education, Haryana
10. H.P. Board of School Education
11. J & K State Board of School Education
12. Jharkhand Academic Council
13. Government of Karnataka Department of Pre-University Education
14. Kerala Board of Higher Secondary Education
15. Maharashtra State Board of Secondary & Higher Secondary Education
16. Board of Secondary Education, Madhya Pradesh
17. Council of Higher Secondary Education, Manipur
18. Meghalaya Board of School Education
19. Mizoram Board of School Education
20. Nagaland Board of School Education
21. Council of Higher Secondary Education, Orissa
22. Punjab School Education Board
23. Board of Secondary Education, Rajasthan
24. Tamil Nadu State Board of School Examinations
25. Tripura Board of Secondary Education
26. U.P. Board of High School and Intermediate Education
27. Board of School Education, Uttarakhand
28. West Bengal Council of Higher Secondary Education
29. Chhattisgarh State Open School
30. M.P. State Open School
31. National Institute of Open Schooling
32. Rajasthan State Open School
33. The West Bengal Council of Ravindra Open Schooling
34. Banasthali Vidyapith
35. Five Passes at GCE O Level/GCSE/IGCSE in A/B/C Grades and two passes at GCE ‘Advanced’ level
36. 2 years of higher education including Diploma course after passing class 10b conducted by Central or State Governments and are admitted or have passed graduation from a recognized university
37. Passed 10+2 from any university or board not covered above but recognized by Association of Indian Universities (AIU)
CA Foundation Exam Pattern 2021: The CA Foundation Exam Pattern 2021 is important to read for every student who wishes to appear for it.
The CA Foundation Exam Pattern 2021 gives a clear idea to the student about the type of questions, exam duration exam language and various other important details about the examination.
The CA Foundation Exam Pattern 2021 also helps in the planning of preparation for the examination and successfully clearing the same.
The CA Foundation Exam Pattern 2021 details are as follows:
|
Particulars |
Detail |
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Mode of Examination |
Pen and Paper Based |
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Duration of Exam |
Paper 1 and Paper 2 (3 hours) Paper 3 and Paper 4 (2 hours) |
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Name of Papers |
Paper 1 |
Principles and Practice of Accounting |
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Paper 2 |
Business Laws & Business Correspondence and Reporting |
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Paper 3 |
Business Mathematics, Logical Reasoning and Statistics |
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Paper 4 |
Business Economics & Business and Commercial Knowledge |
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Type of Questions |
Paper 1 and Paper 2: Subjective type Paper 3 and Paper 4: Objective type |
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Total Marks |
100 marks (per paper) |
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Negative Marking |
0.25 will be deducted for every wrong answer (Only for Paper 3 and Paper 4) |
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Language of Paper |
English and Hindi |
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CA Foundation Exam Pattern 2021: Subject Wise Weightage
Paper 1: Principles and Practice of Accounting (100 marks)
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Sections |
Topics |
Weightage |
|
I |
Theoretical Framework |
5%-10% |
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II |
Accounting Process |
25%-30% |
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Bank Reconciliation Statement |
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Inventories |
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Concept and Accounting of Depreciation |
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III |
Accounting for Special Transactions |
15%-20% |
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IV |
Final Accounts of Sole Proprietors |
30%-40% |
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Partnership Accounts |
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Financial Statements of Not-for-Profit Organisations |
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V |
Introduction to Company Accounts |
10%-15% |
Paper 2: Business Laws and Business Correspondence and Reporting (100 marks)
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Section A: Business Laws (60 marks) |
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Sections |
Topics |
Weightage |
|
I |
The Indian Contract Act, 1872 |
25%-35% |
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II |
The Sale of Goods Act, 1930 |
20%-25% |
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III |
The Indian Partnership Act, 1932 |
20%-25% |
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IV |
The Limited Liability Partnership Act, 2008 |
5%-10% |
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V |
The Companies Act, 2013 |
15%-20% |
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Section B: Business Correspondence and Reporting (40 Marks) |
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Sections |
Topics |
Weightage |
|
I |
Communication |
10%-15% |
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II |
Sentence Types and Vocabulary |
20%-30% |
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Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal verbs, Collocations and Idioms. |
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III |
Comprehension Passages and Note-Making |
20%-30% |
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IV |
Developing Writing Skills |
35%-40% |
Paper 3: Business Mathematics, Logical Reasoning and Statistics (100 marks)
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Part A- Business Mathematics (40 Marks) |
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Sections |
Topics |
Weightage |
|
I |
Ratio and Proportion, Indices and Logarithms |
20%-30% |
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Equations and Matrices |
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Linear Inequalities: Linear Inequalities in one variable and the solution space and optimal Solution
|
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II |
Time Value of Money |
30%-40% |
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III |
Permutations and Combinations |
30%-50% |
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Sequence and Series |
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Sets, Relations and Functions |
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Basic applications of Differential and Integral calculus (Excluding the Trigonometric applications) Applications of Marginal Cost and Marginal Revenue etc. |
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Part B- Logical Reasoning (20 Marks) |
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Sections |
Topics |
Weightage |
|
I |
Number series coding and Decoding and the odd man out |
60%-70% |
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Direction Tests |
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Seating Arrangements |
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II |
Blood Relations |
30%-40% |
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Syllogism |
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Part C- Statistics (40 Marks) |
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Sections |
Topics |
Weightage |
|
I |
Statistical Representation of Data, Diagrammatic representation of data, Frequency distribution, Graphical representation of Frequency Distribution –Histogram, Frequency, Polygon, Ogive, Pie-chart |
45%-50% |
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Measures of Central Tendency and Dispersion: Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Co-efficient of Variation, Coefficient of Quartile Deviation |
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|
II |
Probability: Independent and dependent events; mutually exclusive events. Total and Compound Probability; Bayes’ theorem; and Mathematical Expectation |
25%-30% |
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Theoretical Distribution: Binomial Distribution, Poisson distribution–basic application and Normal Distribution – basic applications. |
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|
III |
Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank, Correlation, Regression lines, Regression equations, Regression coefficients |
10%-15% |
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IV |
Index Numbers and Time series |
10%-15% |
Paper 4: Business Economics and Business and Commercial Knowledge
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Part 4A- Business Economics (60 Marks) |
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Sections |
Topics |
Weightage |
|
I |
Introduction to Business Economics |
15%-20% |
|
II |
Theory of Demand and Supply |
35%-40% |
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Theory of Production and Cost |
||
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III |
Price Determination in Different Markets |
25%-30% |
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IV |
Business Cycles |
15%-20% |
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Part 4B- Business & Commercial Knowledge (40 Marks) |
||
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Sections |
Topics |
Weightage |
|
I |
Introduction to Business |
15%-18% |
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II |
Business Environment |
15%-18% |
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III |
Business Organizations |
15%-20% |
|
IV |
Government Policies for Business Growth |
15%-18% |
|
V |
Organizations Facilitating Business |
15%-18% |
|
VI |
Common Business Terminologies |
15%-18% |
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CA Foundation Exam Pattern 2021: Skill-Wise Weightage
|
Sections |
Topics |
Level I |
Level II |
|
Comprehension and Knowledge |
Application |
||
|
1 |
Principles and Practice of Accounting |
5%-20% |
80%-95% |
|
2A |
Business Laws |
50%-65% |
35%-50% |
|
2B |
Business Correspondence and Reporting |
100% |
|
|
3 |
Business Mathematics, Logical Reasoning and Statistics |
|
100% |
|
4I |
Business Economics |
40%-50% |
50%-60% |
|
4II |
Business and Commercial Knowledge |
100% |
|
CA Foundation Exam Admit Card May 2021: The CA Foundation Exam Admit Card for May 2021 exam in respect of all eligible candidates admitted to the Foundation examination, with their photographs and signatures on them, will be hosted on https://icaiexam.icai.org/ .
No physical admit cards will be sent to any candidate. Candidates are required to download and print their admit cards from the website.
Admit card printed from the website contains the candidate’s photograph and specimen signature, besides other necessary details and is a valid admit card for gaining admission to the examination.
One can Download and print their CA Foundation Exam Admit Card from the website: www.icaiexam.icai.org by completing the login using their Login Id and Password. After the Login the candidate can click on the Admit Card and download the same along with the “Instructions to examinees” on A4 size paper.
CA Foundation Exam May 2021 Result: The CA Foundation Exam Result for the May 2021 Exam will be declared by the ICAI on the official website of ICAI Exam Portal: www.icaiexam.icai.org .
The Candidates can check their result on this portal by completing the login through their Login details like Registration/Application Number and Password.
The ICAI or Indian Institute of Chartered Accountants of India declares the results of the candidate individually and also a merit list of all the candidates that appeared for the examination.
The CA Foundation Exam Result declares a candidate as pass/fail in the CA Foundation Exam and also releases the Merit list of around 50 or 100 top candidates who scored the highest marks.
Please Note: All the candidates who pass the CA Foundation Exam 2021 will be eligible for enrolling in the CA Intermediate Course.
To Pass the CA Foundation Exam Candidates must score a minimum of 40% marks in each Paper and minimum 50% marks in Aggregate of all the 4 papers of the CA Foundation Exam.
Joining Intermediate Course after passing the CA Foundation Exam May 2021:
The Candidates who are declared to pass the CA Foundation Exam 2021 in May 2021 can register themselves for the Intermediate course on the ICAI Portal: www.icai.org .
The successful candidates will have to register with the BoS or Board of Studies for the Intermediate course at the ICAI. The candidate can do the same after clearing the CA Foundation Exam.
After the Candidate registers for the CA Intermediate Course after clearing the CA Foundation Examination the studies for the Intermediate Course start for the student.
After this, the candidate has to complete 8 months of the study course and appear and pass in either or both groups of the Intermediate course.
CA Foundation Paper 2 May 2019 Question Paper
CA Foundation Paper 2 November 2020 Question Paper
CA Foundation Paper 2 November 2019 Question Paper
CA Foundation Paper 2 November 2018 Question Paper
CA Foundation Paper 2 May 2018 Question Paper
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