Get a Complete Course Guide on the CA Foundation Exam June 2024

The Chartered Accountancy or CA Foundation Exam conducted by the Institute of Chartered Accountants of India (ICAI) is amongst the first level of examination for those who are willing to earn an accounting or finance career. let’s understand some of the essential details about this exam

Foundation Exam Details 2024

Particular	Details
Exam Name	CA Foundation
Conducted by	Institute of Chartered Accountants of India (ICAI)
Exam Level	National Level
Eligibility	Completed or Appearing in Class 12th
Preparation	4 Months
CA Foundation Course Subjects	Accounting Business Laws Quantitative Aptitude Business Economics
Duration of Exam	3+2 Hours
Mode of Exam	Offline
CA Foundation Total Fees	Rs. 11,300 or $1105 (for International students)
Frequency	3 times in a year i.e. June, September and Dec/Jan
Passing Criteria	Each subject – 40% Total – 50%

ICAI Foundation Exam Essential Dates for June 2024

Here you can find the ICAI Foundation Exam Dates:

Particulars	Dates
CA Foundation Exam Form Dates	Feb 02 to Feb 23, 2024
CA Foundation Exam Dates	June 20, 22, 24, and 26, 2024
Admit Card Release Date	14 days before the exam
CA Foundation Result of June 2023	July 2024
The last date for Registration in CA Foundation is September 2024	01 May 2024
First Foundation Examination under New Scheme	June 2024

Eligibility For The ICAI Foundation Exam 2024

Under CA Foundation eligibility rules, students who have taken and passed class 12 exams established or recognized by the Central Government can register with this foundation.

Due to delays in the release of Class 12th results by Central and State Boards, ICAI has modified its eligibility criteria and now permits provisional registration of students who have yet to pass their exams.

ICAI now allows students who pass Class 10th examinations to preliminarily register for the CA Foundation course after passing.

Moreover, graduates and post-graduates aspiring to become CAs may register directly for the CA Intermediate exam through the Direct Entry System. So students do not have to appear for the ICAI Foundation exam. 

Foundation Subjects

The CA Foundation exam comprises four subjects: accounting, business law, mathematics, and economics. The ICAI releases the syllabus for its CA Foundation course students every year—see below.

• 1. Accounting
• 2. Business Law
• 3. Quantitative Aptitude
  • A: Business Mathematics Syllabus
  • B: Logical Reasoning Syllabus
  • C: Statistics
• 4. Business Economics

You have a duration of four months to complete the syllabus.

ICAI Foundation Exam Pattern and Papers

Candidates should understand their foundation course, paper pattern, and marking scheme to excel at ICAI foundation exams. Accounting and Law papers consist of theory—and practice-oriented questions, while Mathematics and Economics examinations contain multiple-choice questions (MCQs). Also, according to revised plans, objective exams carry a negative marking of 0.25 marks per objective section.

ICAI has issued an updated ICAI Foundation Exam Pattern that contains marks and weightage distribution across four subjects, so you should refer to this updated Exam Pattern before starting preparations for the CA Foundation examination.

Choosing a Coaching Institute For ICAI Foundation Exam Preparation

Considering the wide scope of the CA Foundation exam syllabus, it is advisable e to pursue coaching classes to better prepare for the exam. Expert tuition centres supply a detailed syllabus and experienced teachers to guide you through every bit of each topic competently. So you can shortlist a few coaching institutes in your city and compare them on parameters like:

– Experienced and reliable faculty.

– Topic quality and classes that cover the entire program complexity.

– Series of tests and our expert team to solve clarification queries.

– Surveyed students’ reviews and the last examination passing rate.

Key Strategies for ICAI Foundation Exam Preparation

Along with reliable study material, adopting smart preparation strategies is equally important to score well in the CA Foundation exam. Let’s check some of the important tips for exam preparation:

– Notes in handwriting should be crafted since they are easy to refer to.

– Know the formulas, ideas and Laws behind each of the questions.

– Start with basic and core concepts and principles first for a firmer foundation.

– Try to answer questions in the various papers, if you can.

– Attend for daily simulated exams.

– Assess your performance to identify weak points.

– Keep a positive attitude in mind and stay determined.

ICAI Foundation Exam Passing Criteria

To clear the CA Foundation exam, candidates must achieve at least 40% marks in all four papers combined and an overall mark score of 55% overall. Moreover, those scoring under this threshold set forth by ICAI will not be considered pass candidates.

Study Materials For Foundation

Apart from coaching, you need to have the right set of study materials that will enhance your exam preparation. Some of them include the following:

ICAI Study Material: The material is quite in-depth, with examples and practice questions. Go through the materials carefully, not once but multiple times.

Reference Books: Once the choice of reference books has been made, some authors may be listed as M.P. Vijay Kumar, Dinkar Pagare and Dr. S.K. Agarwal. When you study, please get revision books for a short-term review.

Mock Test Papers: Regular mock test visits are the first step towards exam prep. Solving the sample question papers issued by ICAI is also crucial. 

Online Coaching: If you cannot attend live coaching classes, you can further consider the game video lectures and the online question banks provided by online CA coaching platforms.

Conclusion

The CA exams are prestigious and professional, and they are quite challenging to pass on the first attempt. However, with the right information about the CA Foundation exam, passing them will be easy. Good luck!