CA Foundation Syllabus 2023 May Exam

The CA Foundation is the entry-level exam for the Chartered Accountancy course. The syllabus for the May 2023 exam has been released by the Institute of Chartered Accountants of India (ICAI). The syllabus is divided into four subjects, and the exam will be conducted in an offline mode.

Subjects:
1. Principles and Practices of Accounting
2. Business Laws and Business Correspondence and Reporting
3. Business Mathematics and Logical Reasoning & Statistics
4. Business Economics and Business and Commercial Knowledge

Principles and Practices of Accounting:
This subject covers the fundamental principles and concepts of accounting, accounting standards, and accounting procedures. The topics include:

• Theoretical Framework
• Accounting Process
• Bank Reconciliation Statement
• Inventories
• Depreciation accounting
• Preparation of Final Accounts for Sole Proprietors
• Accounting for Special Transactions
• Partnership Accounts
• Introduction to Company Accounts

Business Laws and Business Correspondence and Reporting:
This subject covers the Indian Contract Act, 1872, the Sale of Goods Act, 1930, the Indian Partnership Act, 1932, and the Limited Liability Partnership Act, 2008. The topics include:

• The Indian Contract Act, 1872
• The Sale of Goods Act, 1930
• The Indian Partnership Act, 1932
• The Limited Liability Partnership Act, 2008
• Business Correspondence
• Reporting

Business Mathematics and Logical Reasoning & Statistics:
This subject covers the basics of mathematics, logical reasoning, and statistics. The topics include:

• Ratio and Proportion, Indices, Logarithms
• Equations and Matrices
• Linear Inequalities
• Time Value of Money
• Permutations and Combinations
• Sequence and Series
• Sets, Relations, and Functions
• Basic Applications of Differential and Integral Calculus
• Introduction to Probability
• Statistical Description of Data
• Measures of Central Tendency and Dispersion
• Correlation and Regression

Business Economics and Business and Commercial Knowledge:
This subject covers the basics of business economics and commercial knowledge. The topics include:

• Introduction to Business Economics
• Theory of Demand and Supply
• Theory of Production and Cost
• Price Determination in Different Markets
• Business Cycles
• Introduction to Business and Commercial Knowledge
• Business Environment
• Business Organizations
• Government Policies for Business Growth
• Organizations Facilitating Business

In conclusion, the CA Foundation syllabus for the May 2023 exam is divided into four subjects, covering the fundamentals of accounting, business laws, mathematics, logical reasoning, statistics, economics, and commercial knowledge. The syllabus will require students to have a clear understanding of the basics of these subjects to clear the exam.

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