ICAI Exam 2020 Available, Check New Date, Eligibility Criteria

The authority has released the ICAI Exam prospectus on the official website of the organization. The ICAI Exam is for the students who want to become CA or Chartered Accountant one day. The CA is a lot in demand as they help people in financial accounting or filing Income tax etc. The ICAI Exam this year was scheduled to be conducted in May 2020 this year but was deferred citing the pandemic. In this article, we will discuss the whole ICAI process.

ICAI Exam

The ICAI Exam is divided into three levels, foundation, intermediate, and final level. The students have to clear the three levels successfully to become a successful CA one day. The foundation level of the ICAI is very easy while the intermediate and final level is on a tougher side. The students find it difficult to clear these two levels. The ICAI has also offered the students the two patterns for the intermediate and final level i.e. the old syllabus or the new level. The difference between the new and old syllabus is that the older one has fewer subjects than the new one.

Summary of ICAI Exam

Eligibility Criteria of ICAI Exam

CA Foundation Level

The eligibility criteria of the ICAI Exam is given below, the students must go through the eligibility criteria of the Chartered Accountancy programme before applying:

• The candidates who wish to apply must have completed 10+2 in any stream, Commerce will be preferred from a recognized board
• The candidates must have scored at least 50 per cent marks in the Class XII exam.

CA Intermediate Level

• The candidate who wishes to apply for CA Intermediate Level must have completed his Graduation degree in Commerce stream,
• or the candidate must have completed CA Foundation level.

CA Final Level

• The candidate must have qualified the CA Intermediate level to apply for the CA Final Level.

How to apply for the ICAI application form?

I am sharing the form filling guidelines that will help students to fill up your application form for ICAI Exam from the official website. Follow simple steps which are given below to submit your ICAI Exam Application Form 2020.

• Go to the official website of the ICAI
• Click on the student’s section.
• Then, Click on the ICAI Student’s announcement,
• Click on the “Apply” tab on the home page.
• Click on ICAI Exam Notification 2020 and read it carefully.
• After reading ICAI Notification, click on the proceed button.
• Enter your details to complete the registration process.
• After that login again using your Registration ID and Password.
• Now upload required scanned documents i.e. passport size photo and signature and make a payment of application fees.
• After paying the application fees which is Rs 1500 for Group one while 2700 for Group 1 and Group 2,
• At last, Click on the submit button and take a print out of your application form.
• Note down the registration number and password for future use.

Syllabus and Exam Pattern of ICAI

CA Foundation Level

The foundation level of CA is divided into four subjects, the questions will be subjective/objective in nature. The first two papers will be compulsory while the last two papers will be optional in nature. There will be a negative marking of 0.25 marks for each wrong answer. The question asked in the exam will be subjective, while the last two papers will be objective in nature.

1. Principles and Practices of Accounting- 100 marks
2. Business Law and Business Correspondence and Reporting- 60 marks
3. Business Mathematics and Logical Reasoning and Statistics- 100 marks
4. Business Economics and Business and Commercial Knowledge- 40 marks

CA Intermediate Level

For the Intermediate level, the students are given two choices viz Old course and New course. This is the toughest session of the whole ICAI pattern and students find it very difficult to crack this level. The ICAI Intermediate level is conducted for 8 subjects in two groups. Let’s have a look at both the syllabus offered by the organisation for the ICAI Exam:

CA Final Level

AILET 2020 Apply Online

For further more queries regarding ICAI Exam, feel free to comment below. We will assist you and provide appropriate information regarding your queries. Thanks!