CA Foundation Exam Pattern 2020 - The Institute of Chartered Accountants of India (ICAI) releases the exam pattern of CA Foundation. As the exam schedule for CA Intermediate May 2020 session is also announced, candidates need to fill the CA Foundation exam form 2020 and refer the CA Foundation 2020 exam pattern for better preparation. The exam pattern of CA Foundation 2020 includes various aspects of the question paper such as medium and type of questions to be asked, distribution of marks, time limit, etc. It is essential to know and understand these points from the CA foundation exam pattern 2020 to be able to prepare efficiently and face the day of exam with full confidence.
According to the changes brought about by ICAI in the CA Foundation 2020 exam pattern as well as other levels, CA Foundation has replaced CA CPT after the May/ June 2019 session. CA Foundation is the sole entry-level exam for ICAI. As per the CA Foundation exam pattern 2020, out of the four papers, paper 1 and 2 are descriptive in nature, and paper 3 and 4 consist of MCQs. Details about the exam centre and important instructions are available on the CA Foundation admit card. For more details regarding the CA Foundation 2020 exam pattern, read the article below.
Candidates must check the exam pattern of CA Foundation 2020 and then prepare a practical time table which they must follow sincerely. This will ensure that they prepare according to the ICAI exam and gain confidence for the exam day and bring applaudable CA Foundation result. Check the table below to know the complete CA Foundation 2020 exam pattern:
Mode of exam
Pen and paper based
Type of question
Paper 1 and 2- Subjective
Paper 3 and 4- Objective
Paper 1 and 2- 3 hours
Paper 3 and 4- 2 hours
Medium of Exam
Number of Papers
100 per paper
Paper 1 and 2- None
Paper 3 and 4- ¼ mark will be deducted
Candidates must make it a point that they check the syllabus of ICAI exams to know the subjects and topics that will be covered in the exam. The CA Foundation 2020 syllabus focuses on enhancing the application skills and promoting comprehensive knowledge among the students.
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The table below contains the topics covered under CA Foundation syllabus and the corresponding marks held by such sections accordingly. Thus candidates can have a look at the same and then prepare for the upcoming session of exams accordingly.
Bank Reconciliation Statement
Concept and Accounting of Depreciation
Accounting for Special Transactions
Final Accounts of Sole Proprietors
Financial Statements of Not-for-Profit Organisations
Introduction to Company Accounts
Basic Accounting Ratios (Probability, Solvency, Liquidity and Turnover)
Section A: Business Laws (60 Marks)
The Indian Contract Act, 1872
The Sale of Goods Act, 1930
The Indian Partnership Act, 1932
The Limited Liability Partnership Act, 2008
The Companies Act, 2013
Section B: Business Correspondence and Recording (40 Marks)
Sentence Types and Vocabulary
Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal verbs, Collocations and Idioms.
Comprehension Passages and Note-Making
Developing Writing Skills
Part A- Business Mathematics (40 Marks)
Ratio and Proportion, Indices and Logarithms
Equations and Matrices
Linear Inequalities: Linear Inequalities in one variable and the solution space and
Time Value of Money
Permutations and Combinations
Sequence and Series
Sets, Relations and Functions
Basic applications of Differential and Integral calculus
Part B- Logical Reasoning (20 Marks)
Number series coding and Decoding and the odd man out
Part C- Statistics (40 Marks)
Statistical Representation of Data, Diagrammatic representation of data, Frequency distribution, Graphical representation of Frequency Distribution –Histogram, Frequency, Polygon, Ogive, Pie-chart
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
Probability: Independent and dependent events; mutually exclusive events.25% Total and Compound Probability; Bayes’ theorem; and Mathematical Expectation
Theoretical Distribution: Binomial Distribution, Poisson distribution–basic application and Normal Distribution – basic applications.
Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank, Correlation, Regression lines, Regression equations, Regression coefficients
Index Numbers and Time series
Part 4A- Business Mathematics (60 Marks)
Introduction to Business Economics
Theory of Demand and Supply
Theory of Production and Cost
Price Determination in Different Markets
Part 4B- Business & Commercial Knowledge (40 Marks)
Introduction to Business
Government Policies for Business Growth
Organizations Facilitating Business
Common Business Terminologies
After knowing the exam pattern and syllabus, candidates can prepare accordingly. However, time and again, they need to test their level of preparation too. Thus, ICAI has released adequate study material of CA Foundation May 2020 to help candidates practice their acquired knowledge. Practicing from these official CA Foundation sample papers 2020 will help candidates identify their weaknesses, improve their speed and accuracy, etc.
Principles and Practice of Accounting
Business Laws & Business Correspondence and Reporting
Business Mathematics, Logical Reasoning and Statistics
Business Economics & Business and Commercial Knowledge
The CA Foundation exams for May 2020 session are to be held on May 11, 13, 15 and 17, 2020.
There is negative marking only for Paper 3 and 4. There will be a deduction of 1/4 mark for each wrong/ incorrect response. Multiple darkened circles will also be treated as wrong responses in these two papers.
There is no fixed number of attempts stipulated for CA Foundation. Registration to the programme has a validity of 3 years (6 attempts), however, it is subject to re-validation for another 3 years.
There are 4 subjects in total for CA Foundation. These include:
ICAI conducts CA Foundation exams twice a year, i.e. in May and November.
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