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How to crack CA Foundation exam?

CA Foundation Exam

CA foundation Exam is around the corner and we’ve some useful information for you which will help you reach the desired goal. This article will give you a good overview of the entire exam and everything that comes along with, from the grading scheme to the types of questions. These aspects are very important while preparing for the CA Foundation course.

Before we get into the specifics, there are a few basics that you need to know about the exam to get a good overview of what the exam looks like.

Conducting Body: Institute of Chartered Account of India

Frequency: Twice (May/June, November)

Mode of registration and mode of delivery: Online

Duration: 3 hours for subjective exam and 2 hours for objective exams

Negative marking: Only for objective papers

Official website:

CA Foundation Course Eligibility

All students who have completed their 12th grade examinations are eligible for the CA foundation course. However, if you come from the commerce background it may be slightly easier for you than someone from another stream!

Number of papers and subjects:

Paper 1

Principles And Practice Of Accounting: 100 Marks

Paper 2

Business Laws And Business Correspondence: 100 marks

  • Section A: Business Laws: 60 Marks

  • Section B: Business Correspondence And Reporting: 40 Marks

Paper 3

Business Mathematics, Logical Reasoning and Statistics: 100 marks

  • Section A: Business Mathematics: 40 Marks

  • Section B: Logical Reasoning: 20 Marks

  • Section C: Statistics: 40 Marks

Paper 4

Business Economics and Business & Commercial Knowledge: 100 marks

  • Section A: Business Economics: 60 Marks

  • Section B: Business and Commercial Knowledge: 40 Marks

The total marks that any person can get are 400 and they need 50% of them (200 marks) to pass the exam.

CA Foundation Syllabus

Paper 1 – Principles and practice of accounting:

Content Area

  1. Theoretical Framework

  2. Accounting Process

  3. Bank Reconciliation Statement

  4. Inventories

  5. Concept and Accounting of Depreciation

  6. Accounting for Special Transactions

  7. Final Accounts of Sole Proprietors

  8. Partnership Accounts

  9. Financial Statements of Not-for-Profit Organizations

  10. Introduction to Company Accounts

Paper 2 – Business laws and Business correspondence and reporting

Section A – Business laws

Content Area

  1. The Indian Contract Act, 1872

  2. The Sale of Goods Act, 1930

  3. The Indian Partnership Act, 1932

  4. The Limited Liability Partnership Act, 2008

  5. The Companies Act, 2013

Section B : Business Correspondence and reporting

Content Area

  • Part I: Communication

  1. Communication

  • Part II: Sentence Types and Word Power

  1. Sentence Types (Direct-Indirect, Active -Passive Speech)

  2. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs

  3. Collocations and Idioms.

  • Part III: Comprehension Passages and Note Making

  1. Comprehension Passages

  2. Note Making

  • Part IV: Developing Writing Skills

  1. Introduction to Basic Writing

  2. Précis Writing

  3. Article Writing

  4. Report Writing

  5. Writing Formal Letters

  6. Writing Formal Mails

  7. Resume Writing

  8. Meetings

Paper 3: Business mathematics, logical reasoning and statistics

Part A: Business mathematics

Content Area

  1. Ratio and Proportion, Indices and Logarithms

  2. Equations and Matrices

  3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.

  4. Time value of Money

  5. Permutations and Combinations

  6. Sequence and Series

  7. Sets, Relations and Functions

  8. Basic applications of Differential and Integral calculus

Part B: Logical Reasoning

Content Area

  1. Number series, Coding and Decoding and odd man out.

  2. Direction Tests

  3. Seating Arrangements

  4. Blood Relations

  5. Syllogism

Part C: Statistics:

Content Area

  1. Statistical description of Data

  2. Measures of Central tendency and Dispersion

  3. Probability

  4. Theoretical Distributions

  5. Correlation and Regression

  6. Index Numbers and Time Series

Paper 4: Business Economics and Business and Commercial Knowledge

  • PART – I – Business economics

  1. Introduction to Business Economics

  2. Theory of Demand and Supply

  3. Theory of Production and Cost

  4. Price Determination in Different Markets

  5. Business Cycles

  • PART – II: Business and Commercial Knowledge

  1. Introduction to Business

  2. Business Environment

  3. Business Organizations

  4. Government Policies for Business Growth

  5. Organizations Facilitating Business

  6. Common Business Terminologies

Exam Pattern for CA Foundation Exam

There are a total of four papers that you need to complete in order to clear the foundation exam. Paper number 1 and 2 are subjective papers that are for 100 marks each and the duration is three hours. Paper number 3 and Paper number 4 are objective exams that are also for 100 marks and the duration is 2 hours. The objective questions have 0.25 negative marks for every wrong answer!

Each Candidate needs to secure at least 40% in each paper and 50% overall.

Preparation Tips for CA Foundation Exam

Before taking the test, we would urge you to actually plan your study beforehand. This step is one of the most important steps before cracking the test.

1. Positive mindset: The CA course is a challenging certification. Having a positive mindset while preparing is extremely important in the long run!

2. Prioritize understanding: One of the most important aspects of studying for CA, is to prioritize understanding over learning. Understanding concepts and theories is much more important than to memorize it!

3. Plan your study: Failing to plan is planning to fail! Yes. If you don’t have a specific plan that is suited to bring out the best in, you then you are on your path to fail.

4. Taking breaks: What most people tend to forget is that quantity of education is not the same as quality of education. You need to understand what the maximum amount of time is you can spend at a stretch. It is very important to make sure that you do not burn out studying for the exam. Which is why, breaks are very important. They help you to recollect your thoughts and make sure that the next time you study you are able to get back to studying with more enthusiasm!

5. Make the calculator your best friend: ICAI allows you to bring calculators into the exam hall and you need to make sure that you use it to the best of your abilities. Be familiar with the M+, M-, G buttons. They can be lifesavers and save you precious minutes while you complete the exam!

6. Note taking: Make it a habit to take notes while you attend classes or study on your own. Figure out what works for you and which is the best way that you retain the knowledge.

7. Practice: A lot of times people spend way too much time on studying and don’t get the required practice for the exam. Spend at least 2-3 weeks on practice papers and mock tests before attempting the exam. This will give you a very good idea about the areas that you need to improve upon and the areas that you are confident about.

CA Beginner Course Exemptions

If you have completed your bachelors or your post-graduation you are exempted from taking the beginner CA exam.

Registration Fees for CA Foundation Exam

1. Cost of Foundation Prospectus: Rs.200

2. CA Foundation Registration Fees: Rs. 9000

3. Subscription Fees for Student’s Journal (Optional): Rs.200

4. Subscription Fees for Member’s Journal (Optional): Rs.400

Total: Rs.9800

CA Anand Kasat’s, AKs Commerce Academy focuses only on quality education for all. Starting his institute with a very humble background back in 2012, AK’s Commerce Classes have grown to be the most successful CA Commerce Class in and around Satara. We provide CA Coaching Classes for CA Foundation and Intermediate levels of Chartered Accountancy and our students have been securing AIRs' consistently for the last 8 years. We have a well-experience and highly skillful staff that will take care of all your needs!

If you have any queries, feel free to reach out to us through our contact us section and we answer any questions you may have! If you wish to take the exam in November 2021, it’s possible, just join the AKs Commerce Academy in June 2021 after your boards in May!

From AK’s, we wish you all the very best and we hope to see you soon!

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