Today we will provide you CA Foundation Accounts 2021 paper (compiler) with Complete Preparation Material like the Paper pattern, Syllabus, Study material, Practice manual, Mock test papers with suggested answers, RTP, Chapter wise weightage, and Study study plan for July & December 2021 exam.
CA Foundation Accounts Overview:
Paper 1 of the CA Foundation course is CA Foundation accounts. The fundamental objective is to develop an understanding of Accounting principles and fundamental and then utilizing the knowledge in preparing accounting statements, analyzing through different ratio and giving optimum solutions to the problems.
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CA Foundation Accounts Paper Pattern 2021:
- Number of the question asked: 6 out of which five need to be answered
- Time allowed to take the exam is 3 hours
- Maximum marks 100 marks
- Each question is assessed through comprehensive knowledge, analytical skill, and reporting efficiency.
- Each question has 3 or 4 sections to be solved.
CA Foundation Accounts Paper Review:
How was July 2021 CA Foundation accounts paper?
We would say the paper was easy and was scoring for most of the students. It had only 25% of theoretical questions and others where practicals ones. The paper was straight down from the syllabus.
CA Foundation Accounts 2021 Syllabus:
ICAI has revised the CA Foundation syllabus under new scheme student can download the Syllabus for CA Foundation Accounts 2021 from the given link below.
|New Final Principles and Practice of Accounting Syllabus|
CA Foundation Accounts Study Material:
ICAI has revised the syllabus under new scheme student can download the CA Foundation study material for Accounting paper from given link below.
CA Foundation Accounts Questions for Practice:
ICAI has revised the syllabus under the new scheme. Students can download the practice question for Foundation accounting exams July & December 2021 from here.
CA Foundation Accounts Question Papers with Suggested Answers:
ICAI has revised the syllabus under the new scheme. The student can download the CA Foundation question papers with suggested answers of Accounts.
CA Foundation Accounts Mock Test Papers:
ICAI has revised the syllabus under the new scheme. Students can download CA Foundation Mock Test Paper of Principles and Practice of Accounting from here.
CA Foundation Accounts RTP:
ICAI has revised the syllabus under the new scheme. Students can download the RTP of Principles and Practice of Accounting from here.
CA Foundation Accounts Chapter Wise Weightage for New Course:
You can see the breakdown of chapters and modules according to the marks weightage given In exams and plan your study accordingly.
|5%-10%||Chapter 1: Theoretical Framework|
Unit 1: Meaning and Scope of Accounting
Unit 2: Accounting Concepts, Principles And Conventions
Unit 3: Accounting Terminology – Glossary
Unit 4: Capital And Revenue Expenditures and Receipts
Unit 5: Contingent Assets and Contingent Liabilities
Unit 6: Accounting Policies
Unit 7: Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
Unit 8: Accounting Standards
Unit 9: Indian Accounting Standards
|20%-25%||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: Concept and Accounting of Depreciation
|15%-20%||Chapter 6: Accounting for Special Transactions|
Unit 1: Bill Of Exchange and Promissory Notes
Unit 2: Sale of Goods on Approval or Return Basis
Unit 3: Consignment
Unit 4: Joint Ventures
Unit 5: Royalty Accounts
Unit 6: Average Due Date
Unit 7: Account Current
|25%-30%||Chapter 7: Preparation of Final Accounts of Sole Proprietors|
Unit 1: Final Accounts of Non-Manufacturing Entities
Unit 2: Final Accounts of Manufacturing Entities
Chapter 8: Partnership 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
Chapter 9: Financial Statements of Not-for-Profit Organizations
|10%-15%||Chapter 10: Company Accounts|
Unit 1: Introduction to Company Accounts
Unit 2: Issue, Forfeiture and Re-Issue of Shares
Unit 3: Issue of Debentures
Chapter 11: Basic Accounting Ratios
CA Foundation Accounting Self Study Plan:
- Write down the formulas and theories on a chart and can keep it handy by sticking it in your room for quick reference,
- Make notes and illustrate every principle and theories in your own words
- Make charts of all the accounting standards and try to memorize them in an interesting format.
- While preparing accounting statements, identify the nature of the product and thoroughly analyze it before its treatment.
Also, read our article CA Foundation preparation strategy to score more in CA Foundation June and December 2021 exam.
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Keep yourself healthy and appraiser.