CA FOUNDATION Eligibility, Registration, Fee, Syllabus

Kudos to your aspiration to become Chartered Accountant as it is an internationally prestigious qualification that equips you with the knowledge and skills to be a high class business professional. Choosing this path gives you a different standing and being ‘chartered’ takes you way beyond the traditional accountancy and business career.
The CA qualification is made up of studying business focused subjects and related practical experience.
CA Foundation Course is the entry level for Chartered Accountancy Course.

Content in this Article

CA Foundation – A Quick View
Exam Name Chartered Accountants Foundation (CA Foundation)
Exam Mode Offline mode
Exam Level Entry level national examination
Exam Type Objective and Subjective
Medium of Exam English / Hindi (English compulsory for Section B of Paper 2)
Maximum Marks 400
Passing Marks Minimum 40 marks in each paper; aggregate 50% (200 Marks)
Number of Papers 4
Scope National Level
Conducting Body The Institute of Chartered Accountants of India (ICAI)

Eligibility to Appear in CA Foundation Examination

Following are the criteria to register with the Foundation Course of ICAI:
  1. Appeared in 12th Class Examination: Senior Secondary (10+2) i.e. Higher Secondary (HS) Examination conducted by an examining body constituted by law in India; or
  2. Appeared in 10+2 Equivalent Exam: An examination recognized by the Central Government or the State Government as equivalent to 12th Class examination for the purpose of admission to graduation course. List of Examinations treated as equivalent to Senior Secondary Examination.
  3. Register with ICAI: You have to register with the Board of Studies (BOS) of the Institute of Chartered Accountants of India on or before the following last date:
    * For May attempt of CA Foundation Exam: 31st day of December Last Year.
    * For November attempt of CA Foundation Exam: 30th day of May of Current Year.

Last Date of Registration
For May Attempt 31st December
For November Attempt 30th June

Process to Register for CA Foundation Examination

  1. Register online on ICAI website by filling online for. Link to Registration form of CA Foundation:
  2. Make the Payment of fee online.
  3. On successful payment, system will automatically generate the form. Get that form printed.
  4. Within 7 days of the online registration, submit following documents to your concerned regional office duly signed by the applicant student:
    • The duly signed printout of online successful registration form in hard copy
    • Attested copy of Admit Card / Mark sheet of Class 12th 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 student is a foreigner
    • Attested copy of proof of special category certificate i.e. SC/ST, OBC, Differently abled
    • Attested copy of the 10th Mark sheet / Admit Card of 10th class indicating the Name & Date of Birth of applicant

Requirement for Passing CA Foundation Examination

According to newly introduced Regulation 36B, a candidate for the CA Foundation Examination is declared passed if he/she:
1. Obtains at one sitting a minimum of forty percent (40%) marks in each paper; and
2. A minimum of fifty percent (50%) marks in the aggregate of all the papers

CA Foundation Course Registration Fee 2018

No. Fee Details Amount(Rs.)
1. Cost of Prospectus 200
2. CA Foundation Registration Fee 9000
3. Subscription for Students’ Journal (For One Year) (Optional) 200
4. Subscription for Members’ Journal (For One Year) (Optional) 400
  Total 9800

CA Foundation Course Details

There are four papers each of 100 marks. Details are as follows:
Paper No. Paper Name Parts Type
1 Principles and Practice of Accounting (One Paper – 3 Hours – 100 Marks) One Paper Subjective
2 Business Laws, Business Correspondence and Reporting (One Paper – 3 Hours – 100 Marks) Section A: Business Laws (60 Marks) Subjective
Section B: Business Correspondence and Reporting (40 Marks) Subjective
3 Business Mathematics, Logical Reasoning, and Statistics (One Paper – 3 Hours – 100 Marks) Part A: Business Mathematics (40 Marks) Objective
Part B: Logical Reasoning (20 Marks) Objective
Part C: Statistics (40 Marks) Objective
4 Business Economics, Business and Commercial Knowledge (One Paper – 3 Hours – 100 Marks) Part I: Business Economics (60 Marks) Objective
Part II: Business and Commercial Knowledge (40 Marks) Objective

Important Points

  • Negative marking in CA Foundation is applicable on objective type Papers only
  • No Negative marking for subjective type papers
  • Negative marking of 0.25 Marks for every incorrect answer
  • Student can qualify Foundation Examination by securing 50% in aggregate and 40% in each subject individually.
  • The Board of Studies ICAI issues comprehensive study materials covering all four subjects. Scanner Classes teach each subject as per course and study material mandated by Board of Studies.

CA Foundation Calendar

CA Foundation May Attempt
December Take Admission for CA Foundation May Attempt
January to April Prepare for CA Foundation May Attempt
May Appear in Examination
CA Foundation November Attempt
June Take Admission for CA Foundation November Attempt
July to October Prepare for CA Foundation November Attempt
November Appear in Examination

What is the difference between CA Foundation and CA CPT?

The Council of the Institute of Chartered Accountants of India (ICAI) has proposed to amend the Chartered Accountants Regulations, 1988 through the Chartered Accountants (Amendment) Regulations, 2016.
As a result of this amendment, the registration for the Common Proficiency Course (CPC) shall be discontinued with effect from July 2017. In other words, after the commencement of registration for the Foundation Course, the CA Institute discontinue the registration for the Common Proficiency Course. Accordingly, the Council of ICAI shall discontinue holding the Common Proficiency Test (CPT) after commencement of CA Foundation examination. The last CPT examination will hold in June 2019.
As per the revised Scheme of Education and Training the candidates shall be required to pass the Foundation Examination instead of Common Proficiency Test to enter into the CA Course. The candidates are required to pass the Foundation Examination as per the syllabus approved by the Council from time to time under regulation 25F.
Here is how both the couses have dissimilarity from content point of view:
Difference CA CPT CA Foundation
Marks 200 Marks 400 Marks
Paper 1 Fundamentals of Accounting Principles and Practices of Accounting
60 Marks Objective Type 100 Marks Subjective Type
Paper 2 Mercantile Law Business Laws and BCR (Business
Correspondence and Reporting)
40 Marks Objective 100 Marks (60+40) Subjective
Paper 3 General Economics Business Economics and BCK (Business
and Commercial Knowledge)
50 Marks Objective 100 Marks (60+40) Objective
Paper 4 Quantitative Aptitude Business Mathematics, Logical Reasoning
and Business Statistics
50 Marks Objective 100 Marks (40+20+40) Objective

CA Foundation Course Validity Period

CA Foundation Course registration is valid for 3 years and can be revalidated any number of times for further 3 years period. For revalidation a fee of Rs. 300/- or as decided by the Council from time to time is to be paid by the applicant.

Syllabus of CA Foundation


To develop an understanding of the basic concepts and principles of Accounting and acquire the ability to apply the same in preparing financial statements, computing accounting ratios and simple problem solving.


1. Theoretical Framework
  1. Meaning and Scope of accounting
  2. Accounting Concepts, Principles and Conventions
  3. Accounting terminology - Glossary
  4. Capital and revenue expenditure, Capital and revenue receipts, Contingent assets, and contingent liabilities
  5. Accounting Policies
  6. Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates.
  7. Accounting Standards – Concepts and Objectives.
  8. Indian Accounting Standards – Concepts and Objectives.
2. Accounting Process
  1. Books of Accounts
  2. Preparation of Trial Balance
  3. Rectification of Errors.
3. Bank Reconciliation Statement: Introduction, reasons, preparation of bank reconciliation statement.

4. Inventories: Cost of inventory, Net realizable value, Basis, and technique of inventory valuation and record keeping.

5. Concept and Accounting of Depreciation: Concepts, Methods of computation and accounting treatment of depreciation, Change in depreciation methods.

6. Accounting for Special Transactions
  1. Bills of exchange and promissory notes: Meaning of Bills of Exchange and Promissory Notes and their Accounting Treatment; Accommodation bills.
  2. Sale of goods on approval or return basis: Meaning of goods sent on approval or return basis and accounting treatment.
  3. Consignments: Meaning and Features of consignment business, Difference between sale and consignment, Accounting treatments for consignment transactions and events in the books of consignor and consignee.
  4. Joint Ventures for non-corporate entities: Meaning and Features of joint venture transactions, Distinction between joint venture and partnership, Methods of maintaining joint venture accounts.
  5. Royalty accounts: Meaning of the term “Royalty” and Accounting Treatment thereof.
  6. Average due Date: Meaning, Calculation of average due date in various situations.
  7. Account Current: Meaning of Account Current, Methods of preparing Account Current.
7. Final Accounts of Sole Proprietors:Elements of financial statements, Closing Adjustment Entries, Trading Account, Profit and Loss Account and Balance Sheet of Manufacturing and Non-manufacturing entities.

8. Partnership Accounts:
  1. Final Accounts of Partnership Firms
  2. Admission, Retirement, and Death of a Partner including Treatment of Goodwill
  3. Introduction to LLPs and Distinction of LLPs from Partnership.
9. Financial Statements of Not-for-Profit Organizations: Significance of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet, Difference between Profit and Loss Account and Income and Expenditure Account. Preparation of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet.

10. Introduction to Company Accounts
  1. Definition of shares and debentures
  2. Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares
  3. Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act, 2013.
11. Basic Accounting Ratios (profitability, solvency, liquidity, and turnover)


To develop an understanding of significant provisions of select business laws and acquire the ability to address basic application-oriented issues.


1. The Indian Contract Act, 1872 :
An overview of Sections 1 to 75 covering the general nature of contract, consideration, other essential elements of a valid contract, performance of contract, breach of contract, Contingent and Quasi Contract.

2. The Sale of Goods Act, 1930:
Formation of the contract of sale, Conditions and Warranties, Transfer of ownership and delivery of goods, Unpaid seller and his rights.

3. The Indian Partnership Act, 1932:
General Nature of Partnership, Rights and duties of partners, Reconstitution of firms, Registration and dissolution of a firm.

4. The Limited Liability Partnership Act, 2008:
Introduction-covering nature and scope, Essential features, characteristics of LLP, Incorporation and differences with other forms of organizations.

5. The Companies Act, 2013:
Essential features of company, corporate veil theory, Classes of companies, types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, Doctrine of Indoor Management.

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from dates notified by the Institute.


To acquire and develop good communication skills requisite for business correspondence and reporting.

Part – I : Communication


1. Communication
  1. Types
  2. Directions
  3. Network
  4. Process
  5. Problems
  6. Barriers
  7. Types of Communication
    1. Interpersonal Skills
    2. Listening Skills
    3. Emotional Intelligence
  8. Sample Questions with Answers
  9. Exercises
Part – II : Sentence Types and Word Power
2. Sentence Types (Direct-Indirect, Active -Passive Speech)
  1. Sentence: Definition
  2. Classification of sentence based on connotation
    1. Assertive sentences
    2. Interrogative sentences
    3. Imperative sentences
    4. Exclamatory sentences
    5. Optative sentences
  3. Sentence Structure
    1. Subject and Predicate
    2. Verb (Auxiliary, Finite)
    3. Object (Direct, Indirect)
    4. Complement
    5. Adjunct or Adverbial
    6. Clause Structure
    7. Types of Clauses
      1. Independent clauses
      2. Dependent clauses
      3. Relative or noun clauses
  4. Types of sentences
    1. Simple sentence
    2. Compound sentence
    3. Complex sentence
    4. Compound-complex sentence
  5. Direct-Indirect Speech
    1. Introduction
    2. Procedure for converting Direct speech into Indirect speech
      1. Rules for converting Direct speech into Indirect speech
      2. Change in pronouns
      3. Change in tenses
      4. Change in modals
      5. Changes for Imperative sentences
      6. Changes for Exclamatory sentences
      7. Changes for Interrogative sentences
      8. Punctuation in Direct speech
    3. Rules for converting Indirect speech into Direct speech
  6. Active Passive Voice: Introduction
    1. Usage : Active vs. passive voice
    2. Reasons for using Passive voice
    3. Changing Passive voice to Active voice
    4. Changing Active voice to Passive voice
    5. Suggestions for using Active and Passive voice
  7. Verbs Voice Active or passive
  8. Exercises
3. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal verbs, Collocations and Idioms.
  1. Introduction
  2. Significance of improving vocabulary
  3. How to improve vocabulary
  4. Root words
  5. Synonyms and Antonyms
  6. Words formed by using Prefixes
  7. Words formed by using Suffixes
  8. Phrasal verbs
  9. Collocations
  10. Idioms
  11. Exercises
Part – III : Comprehension Passages and Note Making
4. Comprehension Passages
  1. Introduction to Comprehension Passages
  2. Points to ponder
  3. Sample Passages with answers
  4. Exercises
5. Note Making
  1. Introduction to Note Making
  2. Significance of Note Making
  3. Detailed Format Heading(Title)
    1. Sub-heading
    2. Indentation
    3. Points
    4. Use of abbreviations
    5. Summary
    6. Content
    7. Expression
  4. Steps to Comprehend and summarize text
  5. Helpful Hints
  6. Sample Passages with Notes
  7. Exercises
Part – IV : Developing Writing Skills
6. Introduction to Basic Writing
  1. Introduction
  2. Process of writing
  3. Styles of Writing
  4. Significance of writing skills for students
  5. Writing Conventions
  6. Characteristics of good writing
  7. Do’s and Don’ts of good writing
7. Précis Writing
  1. What is Précis writing?
  2. Features of good Précis writing
  3. How to write a Précis
  4. Do’s and Don’ts of Précis writing
  5. Examples(Passages with Précis)
  6. Exercises
8. Article Writing
  1. What is an Article?
  2. Essential elements of Article Writing
  3. Detailed Format
    1. Title
    2. By- Writer’s Name
    3. Body
      1. Introduction
      2. Main Idea-Support
      3. Conclusion
    4. Sample Articles
    5. Exercises
9. Report Writing
  1. What is a Report?
  2. Essential elements of Report Writing
  3. Kinds of Reports
    1. Reporting for a Meeting/Assembly
    2. Reporting for a Newspaper
    3. Reporting for a Magazine
  4. Detailed Format for (iii) above
    1. Title
    2. By- Writer’s Name
    3. Place, Date
    4. Body
      1. What
      2. When
      3. Where
      4. Who
      5. How
    5. Tips and Conventions of Report Writing
    6. Sample Reports
    7. Exercises
10. Writing Formal Letters
  1. Types of Letters
    1. Circulars
    2. Complaints
    3. Memos
    4. Promotional Content
    5. Sales
    6. Recovery/Remittances
  2. Detailed format for (i) above
    1. Date
    2. Salutation
    3. Subject
    4. Body of the letter
      1. First paragraph
      2. Second paragraph
    5. Complimentary Closure
  3. Points to Remember
  4. Sample Letters
  5. Exercises
11. Writing Formal Mails
  1. How to Write a Formal Mail?
  2. Writing Effective Mails
  3. Essential elements of Mails
    1. Subject line
    2. Formal Greetings
    3. Target Audience(Reader)
    4. Clarity and Conciseness
    5. Formal Closing
    6. Proof read
    7. Feedback
  4. Tips and Conventions of Mails
  5. Sample Mails
  6. Exercises
12. Resume Writing
  1. Essential Elements of Resume
    1. Name and contact details
    2. Objective Summary
    3. Academic Qualifications and Achievements
    4. Co-curricular Achievements
    5. Training Programs attended/completed
    6. Strengths
    7. Interests/Hobbies
    8. Declaration
    9. Signature
  2. Resume Writing Tips and Conventions
  3. Sample Resumes
  4. Exercises
13. Meetings
  1. Notice
  2. Agenda
  3. Drafting minutes
  4. Action Taken Report


(a) To develop an understanding of the basic mathematical and statistical tools and their application in Business, Finance and Economics.
(b) To develop logical reasoning skills and apply the same in simple problem solving.


1. Ratio and Proportion, Indices and Logarithms: Ratio and Proportion (Business Applications related to Ration and Proportion) Laws of Indices, Exponents and Logarithms and Anti Logarithms.
2. Equations and Matrices:
  1. Equations: Simultaneous linear equations up to three variables, Quadratic and Cubic equations in one variable.
  2. Matrices: Algebra of Matrices, Inverse of a Matrix and determinants, solving system of equations by Cramer’s Rule (involving not more than three variables).
3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.

4. Time value of Money
  1. Simple Interest
  2. Compound interest
  3. Depreciation
  4. Effective Rate of Interest
  5. Present Value
  6. Net Present Value
  7. Future Value
  8. Perpetuity
  9. Annuities
  10. Sinking Funds
  11. Valuation of Bonds
  12. Calculating of EMI
  13. Calculations of Returns:
    1. Nominal Rate of Return
    2. Effective Rate of Return
    3. Compound Annual Growth Rate (CAGR)
5. Permutations and Combinations: Basic concepts of Permutations and Combinations: Introduction, the Factorial, Permutations, results, Circular Permutations, Permutations with restrictions, Combinations with standard results.

6. Sequence and Series: Introduction Sequences, Series, Arithmetic and Geometric progression, Relationship between AM and GM and Sum of n terms of special series.

7. Sets, Relations and Functions:

8. Basic applications of Differential and Integral calculus (Excluding the trigonometric applications), Applications of Marginal Cost and Marginal Revenue etc.

  1. Number series, Coding and Decoding and odd man out.
  2. Direction Tests
  3. Seating Arrangements
  4. Blood Relations
  5. Syllogism
  1. Statistical description of Data:Statistical Representation of Data, Diagrammatic representation of data, Frequency distribution, Graphical representation of Frequency Distribution – Histogram, Frequency Polygon, Ogive, Pie chart.
  2. Measures of Central tendency and Dispersion: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.
  3. Probability: Independent and dependent events; mutually exclusive events. Total and Compound Probability and Mathematical Expectation.
  4. Theoretical Distributions: Theoretical Distributions: Binomial Distribution, Poisson distribution – Basic application and Normal Distribution – Basic applications.
  5. Correlation and Regression: Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Probable Error and Probable limits. Regression lines, Regression equations, Regression coefficients.
  6. Index Numbers and Time Series
    1. Index Numbers: Uses of Index Numbers, Problems involved in construction of Index Numbers, Methods of construction of Index Numbers.
    2. Time Series Analysis: Components of Time Series and Calculation of Trend by Moving Average Method.


To develop an understanding of the concepts and theories in Business Economics and apply such concepts and theories in simple problem solving.


1. Introduction to Business Economics
  1. Nature and scope of Business Economics
  2. Basic Problems of an Economy and Role of Price Mechanism.
2. Theory of Demand and Supply
  1. Meaning and determinants of demand, Law of demand and Elasticity of demand – Price, income and cross elasticity
  2. Theory of consumer’s behavior – Marshallian approach and Indifference curve approach
  3. Demand Forecasting
  4. Meaning and determinants of supply, Law of supply and Elasticity of supply.
3. Theory of Production and Cost
  1. Meaning and Factors of production
  2. Laws of Production – The Law of Variable proportions and Laws of Returns to Scale, Producer’s equilibrium
  3. Concepts of Costs – Short-run and long-run costs, Average and marginal costs, Total, fixed and variable costs.
4. Price Determination in Different Markets
  1. Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly.
  2. Price determination in these markets.
5. Business Cycles
  1. Meaning
  2. Phases
  3. Features
  4. Causes behind these Cycles

To develop an understanding of common business and commercial concepts and to keep abreast with developments in the business and commercial world.


1. Business and Commercial Knowledge – An Introduction: Nature of Business, Profession and Employment. Objectives of Business. Economic and Non-Economic Activities, Forms of Business Organizations.

2. Business Environment:Micro and Macro Environment, Elements of Micro Environment – Consumers/Customers, Competitors, Organization, Market, suppliers, Intermediaries, Elements of Macro Environment – Demographic, Economic, Political-legal, Socio-cultural, Technological, Global Environment.

3. Business Organizations: Overview of Selected Indian and Global Companies.

4. Government Policies for Business Growth:Policies creating conducive business environment such as Liberalization, Privatization, Foreign Direct Investment.

5. Organizations Facilitating Business
  1. Indian Regulatory Bodies - RBI, SEBI, CCI, IRDAI
  2. Indian Development Banks – IFCI, SIDBI, EXIM Bank, NABARD
6. Common Business Terminology
  1. Finance, Stock & Commodity Markets Terminology.
  2. Marketing Terminology.
  3. Banking Terminology.
  4. Other Business Terminology.
Note: Students are expected to read at least one financial newspaper and one business magazine on a regular basis. They may also watch a business channel to remain updated about the developments related to commercial world.

Road Map to Become Chartered Accountant

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