CA Foundation Exam 2024: Dates, Schedule, and Important Deadlines

The Institute of Chartered Accountants of India (ICAI) has announced the CA Foundation exam dates for the June 2024 session. Scheduled from June 20 to June 26, 2024, this exam is crucial for aspiring candidates. The CA Foundation exam form for June 2024 will be available from February 2, 2024. To avoid late fees, candidates must submit their forms by February 23, 2024. However, there is a grace period until March 2, 2024, for late submissions with an additional fee. If you're planning to take the CA Foundation exam, mark these dates on your calendar.

CA Foundation Exam 2024

The ICAI CA Foundation June 2024 exam dates are announced, and registration starts on February 2, 2024. The CA Foundation Results for December 2023 will be announced shortly. The ICAI will announce the date of the CA Foundation 2024 result announcement via an official online notification.

The ICAI is set to announce the CA Foundation Result for December 2023 today. The CA Foundation June 2024 results are expected to be released about 45 days after the exam date. Results and scorecards are available on ICAI's official websites: icaiexam.icai.org, caresults.icai.org, and icai.nic.in.

To check your CA Foundation 2024 result, follow these simple steps:

1. Visit ICAI's official website.

2. Click on the "Result" option.

3. Select "Foundation 2024" from the options.

4. Enter your roll number, pin/registration number, and captcha code.

5. The result will be displayed on the screen.

6. Download and print the result for future reference.

Candidates can also receive their results through SMS or email by following the provided link for more details.

The CA Foundation Result 2024 includes the candidate’s name, roll number, marks in each subject, maximum and minimum marks, passing status, and the grand total for all four subjects.

After the results are declared, ICAI also announces the pass percentage, indicating that candidates must score a minimum of 40% in each paper and an aggregate of 50% across all subjects to qualify for the next stage.

CA Foundation Exam 2024 Overview

ICAI administers the CA Foundation Exam, which is conducted twice a year in offline mode (pen and paper). The exam consists of four subjects, each carrying 100 marks.

Here are the key highlights for the CA Foundation Exam 2024:

1. Exam Name: CA Foundation Exam (previously known as Common Proficiency Test)

2. Conducting Body: Institute of Chartered Accountants of India (ICAI)

3. Mode of Exam: Pen and Paper-based

4. Frequency: Twice a year (June and December)

5. Level of Exam: National level

6. Medium of Exam: English/Hindi

7. Number of Papers: 4

8. Total Marks: 400

CA Foundation Exam 2024 Important Dates

The CA Foundation exam 2024 is conducted twice a year, with the last session held in December 2023 and the next session scheduled for June 2024.

The first CA Foundation exam under the new scheme will start in June 2024. The important dates for both sessions are as follows:

CA Foundation Exam 2024 Important Dates:

June 2024 session:

1. Availability of exam form: February 02, 2024

2. Deadline for filling the exam date without a late fee: February 23, 2024

3. Deadline for filling out CA Foundation exam form 2024 with late fee (of Rs. 600): March 02, 2024

4. Correction window: March 3 to 9, 2024

5. Availability of admit card: Around 10 days before the exam

6. CA Foundation 2024 exam date: June 20, 22, 24, 26, 2024

7. Announcement of CA Foundation result: July 2024 (expected)

CA Foundation Exam 2024 Application Process

The CA Foundation exam for June 2024 is approaching, and the exam form will be available starting February 2, 2024. You can easily complete the registration process online through ICAI's self-service portal. Ensure you register by February 23 to avoid a late fee, or by March 2 if applying with a late fee.

As the CA Foundation exam is held twice a year, registration is open throughout the year. However, it's important to note the registration deadline, which is February 1 for the upcoming session.

For CA Foundation registration, you'll need the following documents:

• Recent colored photograph

• Copy of Class 10 and 12 admit card/mark sheet

• Proof of Identity – Aadhaar card/Passport/Voter ID

• Proof of nationality for foreign students

To register, follow these steps:

Step 1: Visit the official website – icai.org

Step 2: Click on “e-services”

Step 3: Select “student services” from the drop-down menu

Step 4: Click on “Entry-level forms – Foundation and Intermediate (Direct Entry)”

Step 5: Complete the CA Foundation application form

Step 6: Upload the required documents

Step 7: Make an online payment

Step 8: Save the receipt for future reference

Here are the CA Foundation registration fees:

• For Indian Students:

• Prospectus: INR 200

• Registration fee: INR 9,000

• Total: INR 9,200

• For Foreign Students:

• Prospectus: USD 20

• Registration fee: USD 700

• Total: USD 720

CA Foundation Exam 2024 Eligibility Criteria

The eligibility criteria for the CA Foundation exam set by ICAI can be found on their official website, and it's crucial for candidates intending to register for the exam to review these criteria. The eligibility details include aspects such as qualifying marks, age limit, and nationality.

Candidates who have successfully completed Class 10 can provisionally register for the exam. Additionally, those who have cleared Senior Secondary (10+2) or are in their final year can also provisionally register with the Board of Studies of the Institute.

To be eligible for the CA Foundation examination in May/June or November/December of the same year, candidates must complete this registration on or before January 1 or July 1, respectively. It’s important to note that all candidates are required to undergo a four-month study period before appearing for the CA Foundation exam.

CA Foundation 2024 Syllabus

According to the new scheme for the CA Foundation Exam, ICAI introduced a revised syllabus for the CA Foundation course on July 1, 2023. The first CA Foundation exam based on the new syllabus will be conducted in June 2024. Here's an overview of the CA Foundation 2024 syllabus:

CA Foundation Exam 2024 Syllabus:

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

CA Foundation Exam 2024 Exam Pattern

Candidates preparing for the next CA Foundation June 2024 exam must understand the exam pattern to devise a sound preparation strategy. Here's an overview of the CA Foundation June 2024 exam pattern:

Mode of Exam: Pen and Paper-based

Type of Question:

Paper 1 and 2: Subjective

Paper 3 and 4: Objective

Exam Duration:

Paper 1 and 2: 3 hours

Paper 3 and 4: 2 hours

Medium of Exam: English/Hindi

Number of Papers: 4

Total Marks: Total 400 (100 for each paper)

Negative Marking for the wrong answer:

Paper 1 and 2: No

Paper 3 and 4: 0.25 mark deduction

CA Foundation Exam Form June 2024

To fill out the exam form for the CA Foundation, prospective candidates need to register online. The Institute of Chartered Accountants of India (ICAI) releases the exam form a few days before the scheduled exam date, specifically for the June 2024 session.

For the upcoming session, the exam form window opens on February 2, 2024. To enroll for the CA Foundation exam in either the May or December session, candidates must complete the exam form on the official ICAI website: icaiexam.icai.org.

If candidates miss the initial deadline, they have the option to submit the exam form with a late fee until March 2, 2024. Additionally, for the June 2024 session, the correction window is open from March 3 to March 9, 2024. During this period, candidates can rectify any errors in their submitted CA Foundation exam forms.

Here are the CA Foundation Exam Form Fees for different exam venues:

• India: Rs 1,500

• Kathmandu, Nepal: Rs 2,200

• Overseas center except for Kathmandu: $325

CA Foundation Admit Card June 2024

ICAI will release the CA Foundation 2024 admit card approximately two weeks before the June 2024 exam. To obtain it, candidates need to visit eservices.icai.org, the official website, and log in using their registration number and password. The admit card is a mandatory document for exam day, required for entry into the examination hall along with a valid ID.

It is crucial for all candidates to download the ICAI CA Foundation admit card before the exam. Those without a physical copy will not be allowed into the exam center. The admit card contains comprehensive details about the CA Foundation exam 2024.

Here are the steps to download the CA Foundation 2024 admit card:

1. Visit the ICAI official website at icaiexam.icai.org.

2. Navigate to the “Login/Registration” tab.

3. Enter your CA Foundation login credentials, including login id and password.

4. Click on the “View Admit Card” option.

5. Verify the details on the admit card.

6. Download the admit card for future reference.

The CA Foundation 2024 admit card includes essential information such as the candidate’s name, photograph, signature, registration number, exam center details, reporting time, papers, medium of the exam (English/Hindi), candidate’s address, and exam day instructions.

In addition to the ICAI admit card, candidates must carry a government ID card and two passport-size photographs to the examination center. Compliance with these requirements is essential for a smooth and hassle-free exam experience.

CA Foundation Exam June 2024 Preparation Tips

If you're preparing for the CA Foundation exam, your main focus should be on creating an effective study plan. With so many study resources available, it can be challenging to choose the right ones. It's important to prioritize quality over quantity when selecting books.

ICAI provides official CA Foundation study material to help candidates. Before starting your study routine, it's advisable to consult top-rated books for the CA Foundation exam. Choosing the right study materials and books will help you understand the topics more easily with minimal effort.

CA Foundation Exam 2024 FAQs

When will the next session of the CA Intermediate exam be conducted?

The next session of the CA Intermediate exam will be conducted on 20th, 22nd, 24th, 26th June 2024.

Will the June 2024 session of the CA Foundation exam follow the new syllabus?

No, the CA Foundation June 2024 exam will be based on the existing syllabus of the CA Foundation. However, it is the last CA Foundation exam to be conducted based on the existing syllabus.

When will the CA Foundation exam, based on the new syllabus, happen?

The CA Foundation exam to be held in January 2024 will be the first CA Foundation exam based on the new syllabus.

What is the minimum qualifying marks requirement in the class 12 exam for the candidates to apply for the CA foundation exam?

Candidates must secure at least 50% marks in the class 12 board exam to become eligible to apply for the CA foundation exam.

Study Tips for CA Intermediate Level for May 2024 exam

Study tips for CA Intermediate Level : The CA Intermediate exam is an important step in becoming a Chartered Accountant. To succeed in this exam, candidates must be disciplined and consistent in their preparation. They should also develop the necessary attitude and mindset to overcome challenges.

In this blog post, we will go over essential tips for passing the CA Intermediate exams and getting a high score.

CA Intermediate Level Syllabus :

Understanding the subject in its entirety is essential for achieving success in the CA Intermediate exam. Get acquainted with the subjects and topics you must cover.

Furthermore, take note of the weights given to each chapter. This will enable you to prioritise your study time and determine which exam topics are most crucial. As they are essential to achieving high scores, concentrate on mastering and practicing the high-weightage chapters.

CA Intermediate Level: Create a Study Schedule

Making a well-organized study schedule is essential to maximising your study time. To begin, break up your syllabus into available sections. Next, give each topic a designated amount of time to be covered.

You may monitor your progress by creating an achievable and realistic timeline. It also lets you concentrate on fortifying your weaker spots.

If you want to be productive and avoid burnout, schedule in little breaks. Following your study plan religiously will assist you in maintaining organisation and attention while you prepare for the CA Intermediate.

Time Management for CA Intermediate Level

The time-bound nature of the CA Intermediate exams necessitates effective time management. It's critical that every paper be finished by the deadline.

Strike a balance between your preparation and other obligations to enhance time management. Assign due dates to each task and make an effort to finish them on schedule. You can cover the entire syllabus with this method and still have a lot of time for in-depth revision.

Tips for Effective Practice in CA Intermediate Level

Frequent practice is crucial for achieving success on the CA Intermediate exam and helps one's ability to analyse and solve problems. Answer the following questions from each chapter after finishing it. To assess your knowledge, look through sample papers for multiple choice questions.

Solve previous year's exam papers on a regular basis to get a sense of the format. This exercise improves accuracy and speed while fostering format familiarity. You'll get more comfortable answering challenging exam questions as you gain more experience.

Tips for Creating Effective CA Intermediate Level Notes

Making notes while you're in the CA Intermediate level of preparation can significantly improve your comprehension and memorization of important ideas. Creating this practice as you go through each chapter will help you remember what you've learned and give you useful resources for editing.

Highlight key points in your notes so you can quickly go over the complete syllabus before taking the exam. This exercise can greatly enhance your exam readiness and give you more self-assurance on day of the exam.

Tips for Seeking Expert Guidance at the CA Intermediate Level

Consulting with mentors and CA Intermediate specialists can significantly improve your exam readiness. For thorough guidance, think about signing up for an online course or visiting a respectable coaching facility.

Deeper understanding of the subjects is obtained through regular interactions with mentors on difficult subjects. Professional advice is also essential for dispelling any ambiguities and misconceptions on significant subjects. The top coaching institutes' faculty members can provide assistance to help you become more confident and make sure you are ready for the exam.

Staying Updated for CA Intermediate Level

The dates, format, and syllabus for the CA Intermediate exam are regularly updated by the ICAI. It's critical to keep up with these changes if you want to stay ahead of the competition.

Since many exam questions centre around updates or changes to accounting standards and tax laws, pay close attention to these developments.

Keep up to date by checking CA alerts, circulars, and professional organisation announcements. Visit important websites on a regular basis and participate in discussion forums to stay up to date on the latest CA Intermediate changes.

Benefits of CA Intermediate Level Mock Tests

Mock tests are designed to mimic the CA Intermediate exam structure, giving you valuable insight into your preparation. They assist you in identifying areas that require improvement in order to succeed.

After taking a mock test, thoroughly evaluate your performance. Taking multiple mock tests after covering the entire syllabus helps you develop an exam-taking strategy, which is essential for completing the paper within the allotted time.

Tips for Maintaining a Positive Mindset at the CA Intermediate Level

Maintaining self-motivation is essential for success in CA preparation. While external sources can provide motivation, cultivating a positive mindset is essential for maintaining your preparation.

A negative mindset may tempt you to give up, so stay motivated and focused on your goals. Surround yourself with supportive people who can help you during difficult times. Believe in yourself and your ability to achieve a high score on the CA Intermediate exam.

CA Intermediate Level FAQs

What is the best approach for CA Inter preparation ?

The best approach for CA Inter preparation includes understanding the syllabus topics thoroughly, followed by solving exercise questions and test papers to evaluate your understanding.

How should I prepare for CA Inter exams?

To prepare for CA Inter exams, create a study schedule, divide the syllabus into manageable segments, and allocate specific timeframes for each topic. Regularly revise and practice with mock tests to improve your knowledge and exam-taking skills.

What are the key tips for success in CA Inter exams?

Key tips for success in CA Inter exams include staying updated with syllabus changes, practicing regularly with mock tests, maintaining a positive mindset, and seeking expert guidance when needed. Additionally, focus on understanding concepts rather than rote memorization.

How can I stay motivated during CA Inter preparation?

To stay motivated during CA Inter preparation, set realistic goals, maintain a balanced study routine, surround yourself with supportive people, and reward yourself for achieving milestones. Additionally, visualize your success and remind yourself of the reasons why you started this journey.

How can I manage time effectively while preparing for CA Inter exams?

Effective time management for CA Inter exams involves creating a study schedule, prioritizing tasks, and avoiding procrastination. Break down the syllabus into manageable segments and allocate specific timeframes for each topic. Regularly review your progress and adjust your schedule as needed.

Why is CA tough to pass ?

Many of you opt for CA and later regret or have an opinion of why did I choose CA?

Why is CA tough to pass? Why did I opt CA? Can I really pass? And many more! These are the few questions every CA aspirant head revolves around throughout the process. 

Today, Let us understand about few such questionnaires 

In this blog we have tried to analyse and answer all the common queries 

What is Chartered Accountant (CA) 

A professional who has earned certification from a professional accounting organisation and fulfilled the required education and training requirements in accounting is known as a chartered accountant (CA). Accountants are specialists in accounting systems, taxation, auditing, and financial management. They are essential in making sure that companies, organisations, and people are compliant with the law and have sound finances.

The profession of chartered accounting (CA) is usually undertaken with a focus on commerce or related subjects following high school graduation (12th grade) or after earning a bachelor's degree. Even though a bachelor's degree in commerce is a typical option, those with backgrounds unrelated to commerce can also pursue CA. The Chartered Accountant (CA) programme involves a comprehensive course of study, hands-on training, and passing many exams administered by the appropriate professional accounting organisation. CA is tough to pass for some reasons where eligibility criteria , levels of exams , examination pattern and passing criteria are few major reasons. Let us dig deeper into the explained data. 

CA (Chartered Accountant) Eligibility

• The Chartered Accountancy (CA) course requires students to attain a minimum of 40% in each topic and 50% overall, underlining the necessity for a comprehensive grasp of every subject. 

• In objective papers, there is a system of negative marking where ¼ point is deducted for each incorrect answer, while one mark is awarded for each correct answer, emphasising the importance of accuracy.

•  Once students have successfully cleared the entry-level CA exams, such as the CA Foundation after the 12th exams or in general, they progress to the CA Intermediate and CA Final levels, where the procedures are similar.

• Furthermore, individuals who meet the criteria by passing professional education requirements, foundation exams, or entrance exams are eligible to pursue the Accounting Technician Course (ATC), which serves as a stepping stone towards achieving the prestigious CA designation.

How many stages are there in (Chartered Accountant) CA Course?

There are three stages involved in becoming a Chartered Accountant(CA) which are,

• Foundation

• Intermediate 

• Final

Briefing about the each step starting with : 

Foundation 

Foundation is the first step in becoming a chartered accountant(CA). Many of the students start with foundation or CA after 12th or Bachelor's.

Now, The CA Foundation exam is indeed the initial step on the path to becoming a Chartered Accountant in India. It's conducted by the Institute of Chartered Accountants of India (ICAI) every six months, not every two years, allowing aspiring candidates to begin their journey into the field of accounting, finance, and auditing.

This national-level examination evaluates candidates' understanding and knowledge of various subjects related to the CA profession.

The exam consists of four papers, each lasting 180 minutes, with a total of 100 marks per paper where most of the students feel CA is tough to pass as they cannot crack the foundation level due to lack of practice or complete knowledge needed to crack the exam.

Successful completion of the CA Foundation exam opens the door to the next levels of the CA course, namely CA Intermediate and CA Final, leading to the prestigious CA designation.

Intermediate 

Enrolling in the CA Intermediate course is the next step towards becoming a chartered accountant after passing the CA Foundation test.

The goal of this course is to close the knowledge gap between the complex topics covered in the last stages of the CA programme and the foundational knowledge acquired at the Foundation level.

There are two groups in the CA Intermediate course, and each group has four papers.

Depending on how well they perform and how prepared they are at the Foundation level, students can choose to work on both groups at once or concentrate on only one. This is where most of the students feel CA is tough to pass and decides to quit midway . One of the keystones on the journey to earning the esteemed CA accreditation is passing the CA Intermediate exam. Here after clearing Intermediate the candidate  has to go for an Articleship of 3 years.

Final

Passing the CA Final test is the last requirement to become a chartered accountant,  after finishing the CA Intermediate course. This is a one-sit exam that covers every subject and is very comprehensive. A candidate will have to retake the exam in that particular topic if they do not pass it. Candidates must pay an enrollment fee of INR 22,000 (for Indian students) or $1,100 (for overseas students) in order to register for the CA Final course.

The esteemed CA certification can be obtained by passing the CA Final test, which shows a high degree of proficiency and understanding in the areas of accounting, finance, and auditing.

What is (Chartered Accountant) CA Articleship : 

After CA Intermediate results students will be eligible to do their CA Articleship. 

After successfully clearing the CA Intermediate exam, students become eligible to embark on a crucial phase of their Chartered Accountancy journey: the Articleship. This period, spanning three years, is a pivotal component of the CA curriculum, providing students with invaluable real-world experience and practical insights into the workings of the business world.

During Articleship, students are required to work under the guidance and supervision of a practising Chartered Accountant (CA). This hands-on training is designed to bridge the gap between theoretical knowledge acquired through academic studies and its practical application in various business scenarios. It allows students to witness firsthand how financial principles and accounting standards are implemented in real-life business operations.

The Articleship period is not just about observing; it's a time for active participation and learning. Under the mentorship of their CA, students are entrusted with tasks that expose them to a wide array of accounting, auditing, taxation, and financial management functions. They are given responsibilities that gradually increase in complexity, helping them develop the skills and competencies necessary for a successful career in accountancy.

Apart from technical skills, Articleship also fosters the development of soft skills such as communication, teamwork, problem-solving, and time management. These skills are essential for a well-rounded professional and are honed through interactions with clients, colleagues, and regulatory authorities.

Articleship is not just a requirement to fulfil; it is a transformative phase that shapes students into competent and ethical professionals. It provides them with the opportunity to apply classroom learning in a practical setting, preparing them to navigate the challenges of the corporate world with confidence and competence. Articleship is one such stage where the candidate has to work very hard under a CA with a low pay which comes with hectic workload and heavy work pressure where another set of students lose their interest in CA and feel CA is tough to pass. But again as said nothing comes easy. 

Why is CA tough to pass ? 

To qualify for the CA Final exam, candidates must achieve a minimum of 40 percent in each subject and a total aggregate of 50 percent across all subjects. This standard ensures that candidates have a comprehensive understanding of the material and are well-prepared for the challenges of the final level of the Chartered Accountancy course.

For those who do not meet these criteria, the journey to becoming a Chartered Accountant does not end. They have the opportunity to reappear in the subsequent exam cycle, allowing them to strengthen their knowledge and skills before attempting the exam again. This process ensures that only those who have truly mastered the subject matter are awarded the prestigious CA qualification.The rigorous nature of the CA Final exam reflects the high standards set by the Institute of Chartered Accountants of India (ICAI) and the accounting profession as a whole. It is a testament to the dedication and commitment required to excel in this field, and those who successfully complete the CA Final exam can take pride in their accomplishment and look forward to a rewarding career ahead. Certainly! Pursuing a career as a Chartered Accountant (CA) is indeed a challenging journey that requires dedication and perseverance. While the average duration to complete all levels of the CA course is around 3-4 years, this timeline can vary depending on individual circumstances.

One of the key challenges that candidates may face is the possibility of not passing a particular level of the exam on their first attempt. In such cases, candidates are required to rewrite the exam until they pass, which can extend the overall duration of their CA journey.

This aspect highlights the importance of thorough preparation and a deep understanding of the subject matter. It also underscores the resilience and determination needed to overcome setbacks and continue working towards achieving the CA qualification.

Despite the challenges, the journey to becoming a CA is highly rewarding. The knowledge and skills acquired throughout the course are invaluable, not only for career advancement but also for personal growth. Candidates who successfully complete the CA course can look forward to a fulfilling career with opportunities for professional development and advancement.

Conclusion : 

But as said Great things take time and Nothing comes easy. Consistency and Determination is the key for your professional journey 

For any queries Contact us for a better guidance and Understanding 

Why is CA tough to pass?

The CA exams are known for their rigorous standards, requiring candidates to demonstrate a deep understanding of complex financial and accounting concepts. The passing criteria are stringent, with candidates needing to score a minimum of 40 percent in each subject and 50 percent overall. Additionally, the exams cover a wide range of topics, requiring thorough preparation and dedication to succeed.

 I'm finding it challenging to pass the CA exams. Should I consider quitting?

 While the CA exams can be demanding, many successful professionals have faced similar challenges on their path to becoming CAs. It's important to remember that persistence and determination are key to overcoming these hurdles. Consider seeking guidance from experienced CAs or mentors to help you develop a study strategy that works for you.

How can I improve my chances of passing the CA exams?

To improve your chances of passing the CA exams, focus on developing a comprehensive understanding of the subjects. Allocate sufficient time for study and practice, and use resources such as study materials, mock exams, and study groups to enhance your preparation. Additionally, seek feedback from experienced professionals to identify areas for improvement.

Is Articleship a mandatory requirement for becoming a CA?

  Yes, Articleship is a mandatory requirement for becoming a CA. It provides practical training and real-world experience, which are essential for developing the skills and competencies required for a successful career in accountancy. Articleship also helps candidates apply theoretical knowledge to practical scenarios, enhancing their overall understanding of the profession.

 What are the benefits of pursuing a career as a Chartered Accountant?

  A career as a Chartered Accountant offers numerous benefits, including excellent career prospects, competitive salaries, and opportunities for professional growth and advancement. CA's are in high demand across various industries, both in India and internationally, making it a rewarding and prestigious profession to pursue.