90-day Study Plan for CA Foundation

Table of Contents
1. 90 days Daily Study Plan for CA Foundation
2. Week 1: Understanding the Syllabus and Basics
3. Week 2: Accounting Basics
4. Week 3: Core focus on Accounting
5. Week 4: Business Laws
6. Week 5: Dive deeper into Business Laws
7. Week 6: Quantitative Aptitude
8. Week 7: Statistics
9. Week 8: Logical Reasoning
10. Week 9: Business Economics
11. Week 10: Economic Concepts
12. Week 11: Revision Week - 1
13. Week 12: Revision Week - 2
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The CA Foundation Course is the first step in the Chartered Accountancy journey, requiring a strong grasp of basic concepts in Accounting, Business Laws, Mathematics, and Economics. This 90-day structured study plan helps you cover the syllabus effectively, ensuring conceptual clarity and sufficient practice for ICAI's rigorous standards. By following this systematic schedule, you'll progress steadily while keeping your preparation on track. 

90 days Daily Study Plan for CA Foundation

Below is a 90-day plan for the CA Foundation Course under the New Scheme Syllabus by ICAI.

Week 1: Understanding the Syllabus and Basics

• Day 1-2: Familiarize yourself with the CA Foundation syllabus (All subjects - Accounting, Business Laws, Business Mathematics, and Business Economics) and the exam pattern. 
• Day 3-4: Review the study material and attempt a few basic mock questions for diagnostic testing.
• Day 5-7: Focus on Paper 1 (Accounting), starting with Theoretical Framework of Accounting. Familiarise yourself with the Accounting Processes: Journal Entries, Ledger Posting, and Trial Balance.

The first week would give you a comprehensive understanding of the CA Foundation syllabus, setting a strong base in accounting principles and problem-solving. Completing diagnostic tests highlighted key focus areas for improvement as we move forward.

Week 2: Accounting Basics

• Days 1-2: Focus on Depreciation and Amortisation.
• Days 3-5: Understand Rectification of Errors and Final Accounts.
• Days 6-7: Chapter-wise practice tests.

Pay close attention to error rectification and final accounts as these are scoring topics.

Week 3: Core focus on Accounting

• Days 1-2: Introduction to Company Accounts.
• Days 3-5:Non-Profit Organisations and Bills of Exchange.
• Days 6-7:Partnership accounts. 

The first three weeks would give a comprehensive understanding of the CA Foundation syllabus, setting a strong base in accounting principles and problem-solving. Completing diagnostic tests highlights key focus areas for improvement as we move forward.

Week 4: Business Laws

• Days 1-3:Indian Contract Act (General Principles).
• Days 4-5:Sale of Goods Act & Partnership Act.
• Day 6: The Limited Liability Partnership. 
• Day 7: Revision of key legal terms and PYQs.

Business Laws require clear understanding; always connect theory with real-life examples to retain concepts better.

Week 5: Dive deeper into Business Laws

• Day 1-2: The Companies Act & The Negotiable Instruments Act.
• Day 3-4: Attempt topic-wise MCQs for Paper 2.
• Day 5-7: Revise and practice Mock Tests for Paper 1 and Paper 2.

By this week, you should have a thorough knowledge of accounting as well as business laws and should feel confident about taking tests. 

Week 6: Quantitative Aptitude

• Days 1-3: Focus on Ratio, Proportion, Indices, and Logarithms.
• Days 4-5:Sequences, Series, and Equations.
• Day 6: Applications of Differential and Integral Calculus.
• Day 7: Chapter-wise revision.

In week 6, you would develop speed and accuracy for quantitative topics by practising daily.

Week 7: Statistics

• Days 1-3:Measures of Central Tendency and Probability.
• Days 4-5: Theoretical Distributions, Correlation and Regression and Index Numbers.
• Day 6-7: Solve PYQs and mock tests for Business Mathematics and Statistics.

Make sure to prioritize tricky topics like probability and standard deviation for better scoring.

Week 8: Logical Reasoning

• Day 1-3: Number Series, Coding and Decoding, and Direction Tests.
• Days 4-5: Seating Arrangements and Blood Relations. 
• Days 6-7: Solve questions focusing on LR.

By this week, you should be able to solve logical reasoning questions quickly. 

Week 9: Business Economics

• Days 1-3: Nature & Scope of Business Economics and Theory of Demand and Supply.
• Days 4-5:Theory of Production and Cost
• Days 6-7: Understand Price Determination in Different Markets and Business Cycles

Economics is conceptual; understanding demand-supply graphs is key to answering case-based questions.

Week 10: Economic Concepts

• Days 1-3: Determination of National Income and Public Finance
• Days 4-5:Money Market, International Trade and Indian Economy
• Days 6-7: Practice Questions based on Business Economics.

Your understanding of economics will deepen this week. 

Week 11: Revision Week - 1 

• Days 1-3: Comprehensive revision of Paper 1
• Days 4-5: Comprehensive revision of Paper 2
• Days 6-7: Attempt Mock Tests of Paper 1 and Paper 2

Week 12: Revision Week - 2

• Days 1-3: Comprehensive revision of Paper 3
• Days 4-5: Comprehensive revision of Paper 4
• Days 6-7: Attempt Mock Tests of Paper 3 and Paper 4

Additional Tips:

• Daily Schedule: Dedicate 6-8 hours daily-split time for reading theory, practising problems, and revising.
• Track Progress: Use a progress sheet to ensure consistency.
• Test Practice: Attempt weekly topic-wise EduRev mock tests.
• Revision Focus: Ensure each topic is revisited at least twice before the exam.

Final Reflection: Mock tests help identify weak areas. Analyse mistakes and review these areas in the last week before exams. With systematic preparation and regular testing, you can confidently tackle the CA Foundation exam.