CA Foundation Syllabus 2024: The Institute of Chartered Accountants of India (ICAI) released the updated CA Foundation syllabus on July 1, 2023, as part of its new Educational Scheme. The first CA Foundation exam under this updated scheme was held in June 2024.
For those preparing for the CA Foundation exam in September 2024, understanding the revised syllabus is crucial. The updated CA Foundation syllabus is available on the official ICAI website at icai.org.
As an aspiring candidate, it is vital to familiarize yourself with the new CA Foundation exam syllabus and adjust your study plan accordingly. For a detailed overview of the ICAI’s revised scheme and the CA Foundation September 2024 syllabus, including subjects and major topics, refer to the complete article.
CA Foundation Syllabus 2024 Highlights
The table below offers a concise overview of the CA Foundation syllabus for 2024. According to the current scheme, the CA Foundation 2024 exam pattern consists of four papers, each worth 100 marks. Refer to the table below for detailed information.
| Particulars | Details |
|---|---|
| Examination name | CA Foundation exam (formerly 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 | Three times a year: January, May/June, and September |
| Exam level | National Level |
| Exam difficulty | Easy to moderate |
| Number of papers | 4 |
| Paper names | Paper 1 – Principles and Practice of Accounting |
| Paper 2 – Business Laws and Business Correspondence and Reporting | |
| Paper 3 – Business Mathematics, Logical Reasoning, and Statistics | |
| Paper 4 – Business Economics and Business and Commercial Knowledge | |
| Exam duration | 3 hours for Paper 1 and Paper 2; 2 hours for Paper 3 and Paper 4 |
| Maximum marks for each paper | 100 |
| Total marks for all 4 papers | 400 |
| Marking scheme | No negative marking in Papers 1 and 2 (descriptive questions); ¼ mark deduction for wrong answers in Papers 3 and 4 (multiple-choice) |
| Medium of exam | English/Hindi except for Section B in Paper 2 |
Also Read: CA Foundation Admit Card September 2024 Released
CA Foundation New Syllabus 2024 PDF Free Download
The Institute of Chartered Accountants of India (ICAI) has released the CA Foundation New Syllabus 2024 PDF on its official website, icai.org. This update is part of the revamped educational and training system. Candidates preparing for the exam should familiarize themselves with the new updates and changes in the CA Foundation 2024 syllabus. Access the CA Foundation new syllabus 2024 PDF through the direct link provided below.
CA Foundation Syllabus 2024 New PDF (Download Here)CA Foundation New Syllabus Papers 2024
ICAI announced the revised syllabus for the CA Foundation course on July 1, 2023. The initial CA Foundation exam under this new syllabus is scheduled for September 2024.
Below are the subjects included in the CA Foundation:
CA Foundation New Syllabus
| Sl. No | Paper Name | Marks | Type of Questions |
|---|---|---|---|
| Paper 1 | Accounting | 100 | Objective |
| Paper 2 | Business Laws | 100 | Objective |
| Paper 3 | Quantitative Aptitude: Part A: Business Mathematics, Part B: Logical Reasoning, Part C: Statistics | 100 | Part A: 40 Marks, Part B: 20 Marks, Part C: 40 Marks |
| Paper 4 | Business Economics | 100 | Subjective |
In the CA Foundation 2024 exam, the updated syllabus requires candidates to focus on four specific papers, each worth 100 marks.
CA Foundation Syllabus 2024 Paper-Wise
The syllabus for the ICAI CA Foundation exams in September 2024 includes the following topics for each paper.
Paper-1: Accounting
Paper 1 is designed to help you understand basic accounting concepts and principles, enabling you to prepare financial statements and tackle fundamental accounting problems effectively.
CA Foundation Syllabus 2024: Principles and Practice of Accounting
| Topics | Sub-Topics |
|---|---|
| Theoretical Framework | (i) Meaning and Scope of Accounting |
| (ii) Accounting Concepts, Principles, and Conventions | |
| (iii) Glossary of Accounting Terminology | |
| (iv) Capital and Revenue Expenditure/Receipts, Contingent Assets/Liabilities | |
| (v) Accounting Policies | |
| (vi) Valuation Principles, Accounting Estimates | |
| (vii) Accounting Standards – Concepts and Objectives | |
| (viii) Indian Accounting Standards – Concepts and Objectives | |
| Accounting Process | (i) Books of Accounts |
| (ii) Preparation of Trial Balance | |
| (iii) Rectification of Errors | |
| Bank Reconciliation Statement | Introduction, Reasons, Preparation |
| Inventories | Cost of Inventory, Net Realizable Value, Inventory Valuation Techniques |
| Depreciation | Concepts, Methods, Accounting Treatment, Changes in Methods |
| Accounting for Special Transactions | (i) Bills of Exchange and Promissory Notes – Meaning and Accounting Treatment |
| (ii) Sale of Goods on Approval or Return Basis – Meaning and Treatment | |
| (iii) Consignments – Features, Accounting Treatments | |
| (iv) Average Due Date – Calculation in Various Situations | |
| (v) Account Current – Meaning and Preparation Methods | |
| Final Accounts of Sole Proprietors | Financial Statements Elements, Adjustment Entries, Trading, Profit and Loss Account, and Balance Sheet Preparation |
| Partnership Accounts | (i) Final Accounts of Partnership Firms |
| (ii) Admission, Retirement, and Death of Partner, Goodwill Treatment | |
| (iii) Introduction to LLPs and Differences from Partnerships | |
| Financial Statements of Not-for-Profit Organizations | Receipt and Payment Account, Income and Expenditure Account, Balance Sheet Preparation |
| Introduction to Company Accounts | (i) Shares and Debentures |
| (ii) Issue, Forfeiture, and Re-issue of Shares | |
| (iii) Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act, 2013 |
Paper-2: Business Laws
Paper 2 focuses on Business Laws, aiming to help students understand key aspects of business regulations and handle related practical issues.
CA Foundation Syllabus 2024: Business Laws
| Topics | Laws Covered | Key Points |
|---|---|---|
| The Indian Contract Act, 1872 | General Nature of the Contract | Basics of contracts, Consideration, Essential Elements |
| Performance of a Contract | Fulfillment and Breach of Contract | |
| Contingent and Quasi Contracts | Special Contract Types | |
| The Sale of Goods Act, 1930 | Formation of Sale Contract, Conditions and Warranties | Sale Contracts, Ownership Transfer, Seller’s Rights |
| The Indian Partnership Act, 1932 | General Nature, Rights and Duties of Partners | Partnership Formation, Reconstitution, Registration, Dissolution |
| The Limited Liability Partnership Act, 2008 | Introduction, Features, Incorporation | LLP Characteristics and Differences |
| The Companies Act, 2013 | Essential Features, Corporate Veil Theory | Classes of Companies, Share Capital, Incorporation Process |
| Memorandum and Articles of Association | Company’s Constitution, Internal Affairs | |
| Doctrine of Indoor Management | Protection for Outsiders Dealing with Companies |
Paper-3: Quantitative Aptitude
This section covers essential mathematical and statistical concepts, logical reasoning skills, and their application in Business, Finance, and Economics.
CA Foundation Syllabus 2024: Business Mathematics, Logical Reasoning, and Statistics
| Part | Topics and Sub-Topics |
|---|---|
| Part – A: Business Mathematics | Ratio and Proportion, Indices and Logarithms |
| Equations, Time Value of Money, Permutations and Combinations | |
| Sequence and Series, Sets, Relations, and Functions | |
| Part – B: Logical Reasoning | Number Series, Coding and Decoding, Odd Man Out |
| Direction Tests, Seating Arrangements, Blood Relations | |
| Part – C: Statistics | Statistical Description, Probability, Theoretical Distributions |
| Correlation and Regression, Index Numbers |
Paper-4: Business Economics
Paper 4 focuses on Business Economics, aiming to teach key concepts and theories and their application to real-world problems.
CA Foundation Syllabus 2024: Business Economics
| Topics | Sub-Topics |
|---|---|
| Introduction to Business Economics | Meaning, Scope, Basic Problems, Price Mechanism |
| Theory of Demand and Supply | Demand Determinants, Elasticity, Consumer Behavior |
| Theory of Production and Cost | Production Factors, Cost Concepts, Producer’s Equilibrium |
| Price Determination in Markets | Market Forms: Perfect Competition, Monopoly, etc. |
| Business Cycles | Meaning, Phases, Features, Causes |
CA Foundation Syllabus 2024 Preparation Tips
Here are some tips for preparing for the CA Foundation Syllabus 2024:
- Understand the Syllabus: Familiarize yourself with the detailed CA Foundation syllabus to focus your study efforts effectively.
- Start Early: Begin your preparation early to ensure ample time for thorough revision and practice.
- Use Reliable Study Materials: Utilize ICAI’s study materials and consider additional reference books for comprehensive understanding.
- Practice Regularly: Solve previous years’ papers and sample papers to get accustomed to the exam format and improve time management.
- Join a Coaching Class: Consider enrolling in a coaching class or online course for structured learning and expert guidance.
- Stay Updated: Keep track of any updates or changes in the syllabus or exam pattern on the ICAI official website.
By following these guidelines and thoroughly understanding the updated syllabus, you can enhance your preparation and perform confidently in the CA Foundation 2024 exam.
FAQs Related to CA Foundation Syllabus 2024
What is the latest CA Foundation syllabus?
The latest CA Foundation syllabus was updated on July 1, 2023, and is effective from the June 2024 exam session.
How can I access the CA Foundation syllabus for September 2024?
The CA Foundation syllabus for September 2024 can be accessed on the official ICAI website at icai.org.
Are there any major changes in the CA Foundation syllabus for 2024?
The revised syllabus includes updates to various papers and topics, reflecting the new educational scheme introduced by ICAI.
For more detailed information about the CA Foundation syllabus and exam pattern, visit the ICAI official website or refer to the latest exam notification.
