ICAI CA Foundation New Syllabus and study material for 2024

Subjects Covered in CA Foundation New Syllabus

Principles and Practice of Accounting
Business Laws
Quantitative Aptitude
Business Economics

Also Read: CA Intermediate New Batches Starts For 2024 Students

Complete Details About CA Foundation Exam

Particulars	Details
Examination Name	CA Foundation exam
Exam Conducted By	The Institute Of Chartered Accountants of India (ICAI)
Exam Mode	Offline
Exam Frequency	Twice a year (June / December)
Exam Level	National Level
Exam Duration	3 hours for Paper 1 and Paper 2 2 hours for Paper 3 and Paper 4
Number of paper	4
Exam Difficulty	Easy to moderate
Maximum marks for each paper	100
Marking Scheme	There will be no negative marking in Papers 1 and 2 as questions will be subjective.However, ¼ mark will be deducted for every wrong answer in Paper 3 and Paper 4 as questions will be objective.
Paper Names	Principles and Practice of Accounting Business Laws Quantitative Aptitude Business Economics
Total marks for all 4 papers	400
Medium of Exam	English/Hindi

CA Foundation Syllabus 2024: Subject-Wise

The CA Foundation syllabus is carefully designed and divided into four different subjects. To offer a clearer perspective on the structure and content, here’s a table describing the CA Foundation study material 2024. This table defines important topics for each subject so that students have a complete roadmap for their studies.

Principles and Practice of Accounting – Paper 1

The CA Foundation Accounting Paper 2024 delves into core accounting concepts, equipping candidates with the skills to craft financial statements and address foundational accounting challenges proficiently.

No. of Modules & Chapters	Topic & Sub-topic
MODULE 1 :
Chapter 1	Theoretical Framework Unit 1: Meaning and Scope of Accounting Unit 2: Accounting Concepts, Principles and Conventions Unit 3: Capital and Revenue Expenditures and Receipts Unit 4: Contingent Assets and Contingent Liabilities Unit 5: Accounting Policies Unit 6: Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates Unit 7: Accounting Standards
Chapter 2	Accounting Process Unit 1: Basic Accounting Procedures – Journal entries Unit 2: Ledgers Unit 3: Trial Balance Unit 4: Subsidiary Books Unit 5: Cash Book Unit 6: Rectification of Errors
Chapter 3	Bank Reconciliation Statement
Chapter 4	Inventories
Chapter 5	Depreciation and Amortisation
Chapter 6	Bills of Exchange and Promissory Notes
Chapter 7	Preparation of Final Accounts of Sole Proprietors Unit 1: Final Accounts of Non-Manufacturing Entities Unit 2: Final Accounts of Manufacturing Entities
MODULE 2 :
Chapter 8	Financial Statements of Not-for-Profit Organisations
Chapter 9	Accounts from Incomplete Records
Chapter 10	Partnership and LLP Accounts Unit 1: Introduction to Partnership Accounts Unit 2: Treatment of Goodwill in Partnership Accounts Unit 3: Admission of a New Partner Unit 4: Retirement of a Partner Unit 5: Death of a Partner Unit 6: Dissolution of Partnership Firms and LLPs
Chapter 11	Company Accounts Unit 1: Introduction to Company Accounts Unit 2: Issue, Forfeiture and Re-Issue of Shares Unit 3: Issue of Debentures Unit 4: Accounting for Bonus Issue and Right Issue Unit 5: Redemption of Preference Shares Unit 6: Redemption of Debentures

Business Laws – Paper 2

CA Foundation Paper 2 on Business Laws is composed of 7 chapters, offering a comprehensive exploration of essential legal frameworks and effective business communication strategies.

Total No of Chapters	Topic & Sub-topic
Chapter 1	Indian Regulatory Framework
Chapter 2	The Indian Contract Act, 1872 Unit 1: Nature of Contracts Unit 2: Consideration Unit 3: Other Essential Elements of a Contract Unit 4: Performance of Contract Unit 5: Breach of Contract and its Remedies Unit 6: Contingent and Quasi Contracts Unit 7: Contract of Indemnity and Guarantee Unit 8: Bailment and Pledge Unit 9: Agency
Chapter 3	The Sale of Goods Act, 1930 Unit 1: Formation of the Contract of Sale Unit 2: Conditions & Warranties Unit 3: Transfer of Ownership and Delivery of Goods Unit 4: Unpaid Seller
Chapter 4	The Indian Partnership Act, 1932 Unit 1: General Nature of Partnership Unit 2: Relations of Partners Unit 3: Registration and Dissolution of a Firm
Chapter 5	The Limited Liability Partnership Act, 2008
Chapter 6	The Companies Act, 2013
Chapter 7	The Negotiable Instruments Act, 1881

Quantitative Aptitude – Paper 3

Additionally, CA Foundation Paper 3 on Business Mathematics paper , Logical Reasoning, and Statistics is organized into three distinct parts, containing a total of 18 chapters. Part A contains 8 chapters, Part B is divided into 4 chapters, and Part C delves into 6 chapters, collectively offering a complete coverage of the subject matter.

PART-A: BUSINESS MATHEMATICS

No. of Chapters in Part-A	Topic & Sub-topic
Chapter 1	Ratio and Proportion, Indices, Logarithms
Chapter 2	Equations
Chapter 3	Linear Inequalities
Chapter 4	Mathematics of Finance
Chapter 5	Basic Concepts of Permutations and Combinations
Chapter 6	Sequence and Series – Arithmetic and Geometric Progressions
Chapter 7	Sets, Relations and Functions, Basics of Limits and Continuity functions
Chapter 8	Basic Applications of Differential and Integral Calculus in Business and Economics (A) Differential Calculus (B) Integral Calculus

PART-B: LOGICAL REASONING

No. Of Chapters in Part-B	Topic
Chapter 9	Number Series, Coding and Decoding and Odd Man Out
Chapter 10	Direction Tests
Chapter 11	Seating Arrangements
Chapter 12	Blood Relations

PART-C: STATISTICS

No. Of Chapters in Part-c	Topic & Sub-topic
Chapter 13	Representation of Data Unit I: Statistical Representation of Data Unit II: Sampling
Chapter 14	Measures of Central Tendency and Dispersion Unit I: Measures of Central Tendency Unit II: Dispersion
Chapter 15	Probability
Chapter 16	Theoretical Distributions
Chapter 17	Correlation and Regression
Chapter 18	Index Numbers

Business Economics – Paper 4

At last, The CA Foundation 2024 Paper 4, focused on Business Economics, contains a total of 10 informative chapters, offering a deep understanding of economic principles and commercial understanding.

Total No. Of Chapters	Topic & Sub-topic
Chapter 1	Nature & Scope of Business Economics Unit 1: Introduction Unit 2: Basic Problems of an Economy & Role of Price Mechanism
Chapter 2	Theory of Demand and Supply Unit 1: Law of Demand and Elasticity of Demand Unit 2: Theory of Consumer Behaviour Unit 3: Supply
Chapter 3	Theory of Production and Cost Unit 1: Theory of Production Unit 2: Theory of Cost
Chapter 4	Price Determination in Different Markets Unit 1: Meaning and Types of Markets Unit 2: Determination of Prices Unit 3: Price Output Determination under Different Market Forms
Chapter 5	Business Cycles
Chapter 6	Determination of National Income Unit 1: National Income Accounting Unit 2: The Keynesian Theory of Determination of National Income
Chapter 7	Public Finance Unit 1: Fiscal Functions: An Overview, Centre and State Finance Unit 2: Market Failure/ Government intervention to correct Market Failure Unit 3: The Process of Budget Making: Sources of Revenue, Expenditure Management and Management of Public Debt Unit 4: Fiscal Policy
Chapter 8	Money Market Unit 1: The Concept of Money Demand: Important Theories Unit 2: The Concept of Money Supply Unit 3: Monetary Policy
Chapter 9	International Trade Unit 1: Theories of International Trade Unit 2: The Instruments of Trade Policy Unit 3: Trade Negotiations Unit 4: Exchange Rate and Its Economic Effects Unit 5: International Capital Movements
Chapter 10	Indian Economy

CA Foundation Subject Wise Weightage

S. No	CA Foundation Subjects	Marks	Type of Questions
Paper 1	Accounting	100 Marks	Subjective
Paper 2	Business Laws	100 Marks	Subjective
Paper 3	Quantitative Aptitude: A: Business Mathematics B: Logical Reasoning C: Statistics	100 Marks A: 40 Marks B: 20 Marks C: 40 Marks	Objective
Paper 4	Business Economics	100 Marks	Objective

Passing Criteria For CA Foundation Exam 2024

Hence, successfully clear the CA Foundation Exam 2024 on the first try, candidates are required to score a minimum of 40% in each paper.

Moreover, candidates must attain a total score of at least 50% across all the papers combined.The format for Papers 1 and 2 mainly comprises Subjective-type questions, and it’s important to note that negative marking will be applicable.However, Papers 3 and 4 adopt a Objective approach, which requires candidates to provide detailed responses to the questions posed. Following these guidelines and understanding the examination format will be important for students aiming to excel in the CA Foundation Exam 2024.

Tips to Excel in the CA Foundation New Syllabus 2024

Structured Study Plan: First, make a detailed study schedule that allots enough time for every subject. Make sure you have access to a wide range of CA foundation study materials such as practice questions, textbooks, and revision notes. This information is essential for your preparation and comprehension of the topics.
Practice Regularly: Then Regular practice and revision are important. And also, solve CA Foundation mock test papers and the previous year’s question papers.
Seek Guidance: Also don’t hesitate to seek guidance from mentors, teachers, or seniors who have cleared the CA Foundation exams.
Time Management: Develop effective time management strategies to allocate sufficient time for each question during the examination and avoid last-minute rushes.
Maintain a Balanced Lifestyle: Ensure a healthy balance between study sessions and relaxation, incorporating breaks, physical activity, and adequate sleep so that to maintain optimal focus and performance.

Conclusion

Dealing with the CA Foundation New Syllabus 2024 – ICAI demands dedication, strategic planning, and relentless perseverance. Whereas, By embracing early adaptation, implementing effective study techniques, and seeking expert guidance, aspirants can start on a promising journey towards a rewarding career in chartered accountancy.

Frequently Asked Questions

1: What are the key subjects included in CA Foundation syllabus?

CA Foundation syllabus includes mandatory subjects such as Accounting, Business Laws, Quantitative aptitude, and Business Economics.

2: How can students best prepare for the new syllabus?

Adopting effective study techniques, leveraging reliable resources, and also seeking guidance from mentors can facilitate thorough preparation.

3: What is the duration of the CA Foundation 2024 examination?

The exam duration for Paper 1 and Paper 2 will be 3 hours each, while Paper 3 and Paper 4 will have a duration of 2 hours each.

4: What will be the examination mode?

The CA Exam mode will be Offline.

5: What will be the marking scheme for the CA Foundation Exam?

In Papers 1 and 2, which feature subjective questions, there will be no negative marking, while in Paper 3 and Paper 4, which contain objective questions, ¼ mark will be deducted for each incorrect answer.

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ICAI CA Foundation New Syllabus and study material for 2024

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