On July 1, 2023, the Institute of Chartered Accountants of India (ICAI) introduced the updated CA Foundation Syllabus for 2024. This blog aims to offer a thorough understanding and complete knowledge of the CA Foundation 2024, serving as a valuable resource for candidates and interested individuals.
The CA Foundation Exam is an entry-level examination conducted by ICAI. It serves as the initial step for students aspiring to pursue the renowned Chartered Accountancy (CA) course in India.
Also Read: CA Foundation Classes For New Batches May 2024
Subjects Covered in CA Foundation New Syllabus
1. Principles and Practice of Accounting
2. Business Laws
3. Quantitative Aptitude
4. 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
|
| Chapter 2 | Accounting Process
|
| 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
|
| MODULE 2 : | |
| Chapter 8 | Financial Statements of Not-for-Profit Organisations |
| Chapter 9 | Accounts from Incomplete Records |
| Chapter 10 | Partnership and LLP Accounts
|
| Chapter 11 | Company Accounts
|
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
|
| Chapter 3 | The Sale of Goods Act, 1930
|
| Chapter 4 | The Indian Partnership Act, 1932
|
| 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
|
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
|
| Chapter 14 | Measures of Central Tendency and 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
|
| Chapter 2 | Theory of Demand and Supply
|
| Chapter 3 | Theory of Production and Cost
|
| Chapter 4 | Price Determination in Different Markets
|
| Chapter 5 | Business Cycles |
| Chapter 6 | Determination of National Income
|
| Chapter 7 | Public Finance
|
| Chapter 8 | Money Market
|
| Chapter 9 | International Trade
|
| 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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