CA Foundation Exam Syllabus 2025

CA Foundation Syllabus 2024

The Institute of Chartered Accountants of India (ICAI) has recently unveiled the new CA Foundation syllabus for the upcoming year. This revision is part of the ICAI's New Scheme of Education and Training, with the first CA Foundation exam scheduled to take place in June 2024. Aspiring candidates aiming to sit for the 2024 exam must be well-versed with the alterations introduced in the syllabus. The updated syllabus is now accessible on the official ICAI website at EduRev.

CA Foundation Syllabus Highlights

• Examination Name: CA Foundation exam (previously known as CA CPT - Common Proficiency Test)
• Exam Conducting Body: The Institute of Chartered Accountants of India (ICAI)
• Exam Mode: Pen-paper-based or offline
• Exam Frequency: Twice a year - May/June or November/December
• Exam Level: National Level

The CA Foundation syllabus is carefully structured to assess candidates' knowledge and understanding in various domains. The examination pattern for CA Foundation 2024 consists of four papers, each carrying 100 marks. It is essential for candidates to thoroughly prepare for the exam according to the new ICAI scheme.

With the last exam under the existing scheme conducted in December 2023, the upcoming June 2024 session will mark the beginning of the new era in CA Foundation examinations. Aspiring candidates are advised to familiarize themselves with the revised syllabus and plan their study schedule diligently.

For a detailed insight into the ICAI's new scheme and the CA Foundation May 2024 syllabus, including subjects and key topics, candidates are encouraged to refer to the complete article available on EduRev.

CA Foundation New Syllabus

The Institute of Chartered Accountants of India (ICAI) announced the updated syllabus for the CA Foundation course on July 1, 2023. The first CA Foundation exam following the new curriculum is scheduled for June 2024.

Here are the subjects covered in the CA Foundation:

• Subjects and Papers:

  • Paper 1: Accounting

    Marks: 100

    Type of Questions: Objective

  • Paper 2: Business Laws

    Marks: 100

    Type of Questions: Objective

  • Paper 3: Quantitative Aptitude

    Part A: Business Mathematics (Marks: 40)

    Part B: Logical Reasoning (Marks: 20)

    Part C: Statistics (Marks: 40)

    Total Marks: 100

    Type of Questions: Subjective

  • Paper 4: Business Economics

    Marks: 100

    Type of Questions: Subjective

In the CA Foundation 2024 exam, the old syllabus requires candidates to concentrate on four specific papers. Each paper is worth 100 marks.

For more detailed information, you can refer to the CA Foundation December 2024 Syllabus PDF provided by EduRev.

CA Foundation Syllabus 2024: Paper-Wise

Paper-1: CA Foundation Principles and Practice of Accounting Syllabus 2024

Paper 1 aims to help you grasp fundamental accounting concepts and principles, enabling you to create financial statements and solve basic accounting problems effectively.

• Theoretical Framework
  • Meaning and Scope of accounting
  • Accounting Concepts, Principles and Conventions
  • Accounting terminology – Glossary
  • Capital and revenue expenditure, Capital and revenue receipts, Contingent assets and contingent liabilities
  • Accounting Policies
  • Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
  • Accounting Standards – Concepts and Objectives
  • Indian Accounting Standards – Concepts and Objectives
• Accounting Process
  • Books of Accounts
  • Preparation of Trial Balance
  • Rectification of Errors
• Bank Reconciliation Statement
  • Introduction, reasons, preparation of bank reconciliation statement
• Inventories
  • Cost of inventory, Net realizable value, Basis and technique of inventory valuation and record keeping
• Concept and Accounting of Depreciation
  • Concepts, Methods of computation and accounting treatment of depreciation, Change in depreciation methods
• Accounting for Special Transactions
  • Bills of exchange and promissory notes
  • Sale of goods on approval or return basis
  • Consignments
  • Average due Date
  • Account Current
• Final Accounts of Sole Proprietors
  • Elements of financial statements
  • Closing Adjustment Entries
  • Trading Account, Profit and Loss Account, and Balance Sheet of Manufacturing and Non-manufacturing entities
• Partnership Accounts
  • Final Accounts of Partnership Firms
  • Admission, Retirement and Death of a Partner including Treatment of Goodwill
  • Introduction to LLPs and Distinction of LLPs from Partnership
• Financial Statements of Not-for-Profit Organizations
  • Significance of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet
  • Difference between Profit and Loss Account and Income and Expenditure Account
  • Preparation of Receipt and Payment Account, Income and Expenditure Account, and Balance Sheet
• Introduction to Company Accounts
  • Definition of shares and debentures
  • Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares
  • Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act, 2013

Paper-2: CA Foundation Business Laws and Business Correspondence and Reporting Syllabus 2024

Paper 2 of the CA Foundation exam 2024 focuses on Business Laws and Business Correspondence and Reporting. The main goal here is to help students grasp important aspects of specific business laws and enable them to handle practical issues related to these laws.

• Section A: Business Laws
  • 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 Reporting
  • Communication
  • Sentence Types (Direct-Indirect, Active -Passive Speech)
  • Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes
  • Comprehension Passages
  • Note Making
  • Introduction to Basic Writing
  • Précis Writing
  • Article Writing
  • Report Writing
  • Writing Formal Letters
  • Writing Formal Mails
  • Resume Writing
  • Meetings

Paper-3: CA Foundation Business Mathematics, Logical Reasoning and Statistics Syllabus 2024

This section aims to help you grasp fundamental mathematical and statistical concepts and how they relate to Business, Finance, and Economics. Additionally, it focuses on enhancing your logical reasoning abilities and using them to solve straightforward problems.

Part – A. Business Mathematics

• Ratio and Proportion, Indices and Logarithms
• Equations
• Linear Inequalities with Objective Functions and Optimization w.r.t. objective function
• 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)

Part – C: Statistics (40 Marks)

Paper-4: CA Foundation Business Economics and Business and Commercial Knowledge Syllabus 2024

In Paper 4 of the CA Foundation exam, we delve into Business Economics (60 Marks). The main objective here is to help you grasp the key concepts and theories in Business Economics and learn how to use them to solve everyday problems.

Part 1: Business Economics (60 Marks)

• Introduction to Business Economics
• Theory of Demand and Supply
• Theory of Production and Cost
• Price Determination in Different Markets
• Business Cycles

Part 2: Business and Commercial Knowledge (40 Marks)

• Business and Commercial Knowledge
• Business Environment
• Business Organizations
• Government Policies for Business Growth
• Organizations Facilitating Business
• Common Business Terminologies

CA Foundation Syllabus Overview

• Introduction to CA Foundation

• Various resources are available to assist with CA Foundation exam preparation.
• Study materials are provided by ICAI.
• Online coaching platforms like EduRev offer additional support.
• Reference books and mock test series are beneficial study tools.

• Passing Criteria

• To pass the CA Foundation exams:
• Candidates must secure a minimum of 40% marks in each subject.
• An aggregate of 50% in all subjects combined is required.

• Subject Requirements

• All subjects in the CA Foundation Syllabus are mandatory:
• Each subject must be studied for and appeared for in the examinations.

• Life of a Chartered Accountancy (CA) Student

• Provides insights into the journey and experiences of CA students.

• Valuation Certificate, Meaning, and Importance

• Explains the significance and implications of a valuation certificate.

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