The Institute of Chartered Accountants of India (ICAI) has notified the CA Foundation new syllabus 2024 and exam pattern under the new scheme of education and training. Candidates planning to appear for CA Foundation September 2024 / January 2025 exam must take of the new changes and additions in the CA Foundation 2024 syllabus. The CA Foundation new syllabus PDF is available at the end of this article or you can also download from the official ICAI website – icai.org.
CA Foundation New Syllabus 2024
The table below provides candidates with an overview of the CA Foundation’s New syllabus 2024. As per the current scheme CA Foundation 2024 New exam pattern, there are four papers on which candidates need to focus while preparing for the CA Foundation September 2024 / January 2025 exam. Each paper will be worth 100 marks. Look at the table below for further information.
CA Foundation 2024 New Exam Pattern and Weightage
| CA Foundation New Exam Pattern 2024 | |||
| Sl. No | Paper Name | Marks | Type of Questions |
|---|---|---|---|
| Paper 1 | Accounting | 100 Marks | Objective |
| Paper 2 | Business Laws | 100 Marks | Objective |
| Paper 3 | Quantitative Aptitude: Part A: Business Mathematics Part B: Logical Reasoning Part C: Statistics | 100 Marks Part A: 40 Marks Part B: 20 Marks Part C: 40 Marks | Objective |
| Paper 4 | Business Economics | 100 Marks | Objective |
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CA Foundation New Syllabus 2024
CA Foundation Syllabus for Paper 1: Accounting
| CA Foundation Syllabus 2024: Accounting | |
| Topics | Sub-Topics |
| Theoretical Framework | ⬩ Meaning and Scope of accounting ⬩ Accounting Concepts, Principles, and Conventions Accounting terminology – Glossary ⬩ Capital and revenue expenditure, Capital and revenue receipts, Contingent assets, and contingent liabilities ⬩ Accounting Policies ⬩ Accounting as a Measurement Discipline – Valuation Principles, Accounting EstimatesAccounting Standards – Concepts and ObjectivesIndian Accounting Standards – Concepts and Objectives |
| Accounting Process | ⬩ Books of Accounts ⬩ Preparation of Trial Balance ⬩ Rectification of Errors |
| Bank Reconciliation Statement | Introduction, reasons, preparation of bank reconciliation statement |
| Inventories | Cost of inventory, Net realizable value, Basis, and technique of inventory valuation and record keeping |
| Concept and Accounting of Depreciation | Concepts, Methods of computation and accounting treatment of depreciation, Change in depreciation methods |
| Accounting for Special Transactions | ⬩ Bills of exchange and promissory notes- Meaning of Bills of Exchange and Promissory Notes and their Accounting Treatment; Accommodation bills. ⬩ Sale of goods on approval or return basis- Meaning of goods sent on approval or return basis and accounting treatment. ⬩ Consignments- Meaning and Features of consignment business, Difference between sale and consignment, Accounting treatments for consignment transactions and events in the books of consignor and consignee. ⬩ Average due Date- Meaning, Calculating of average due date in various situations. ⬩ Account Current- Meaning of Account Current, Methods of preparing Account Current |
| Final Accounts of Sole Proprietors | Elements of financial statements, Closing Adjustment Entries, Trading Account, Profit and Loss Account, and Balance Sheet of Manufacturing and Non-manufacturing entities |
| Partnership Accounts | ⬩ Final Accounts of Partnership Firms ⬩ Admission, Retirement, and Death of a Partner including Treatment of Goodwill ⬩ Introduction to LLPs and Distinction of LLPs from Partnership |
| Financial Statements of Not-for-Profit Organizations | Significance of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet, Difference between Profit and Loss Account and Income and Expenditure Account. Preparation of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet |
| Introduction to Company Accounts | ⬩ Definition of shares and debentures ⬩ Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares ⬩ Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act, 2013. |
CA Foundation Syllabus for Paper 2: Business Law
| Topics | Sub Topics |
| Indian Regulatory Framework | Major Regulatory Bodies such as the Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice, etc. |
| The Indian Contract Act, 1872 | General Nature Of Contract, Consideration, Other essential elements of a valid contract, Performance Contract, Breach Of Contract, Contingent and Quasi Contract, Contract of Indemnity and Guarantee, Contract of Bailment and Pledge, Contract of Agency |
| The Sale of Goods Act, 1930 | Formation of the contract of sale, Conditions and Warranties, Transfer of ownership and Delivery of goods, Unpaid seller and his rights. |
| The Indian Partnership Act, 1932 | General Nature of Partnership, Rights and Duties of partners, Reconstitution of firms, Registration and Dissolution of a firm |
| The Limited Liability Partnership Act, 2008 | Introduction-covering nature and scope, Essential features, Characteristics of LLP, Incorporation and Differences with other forms of organisations |
| The Companies Act, 2013 | Essential features of company, Corporate veil theory, Classes of companies,Types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, Doctrine of Indoor Management |
| The Negotiable Instruments Act, 1881 | Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentment of Instruments, Rules of Compensation |
CA Foundation Syllabus for Paper 3: Quantitative Aptitude
| Topics | Sub Topics |
| Part A: Business Mathematics | |
| Ratio and proportion, Indices and Logarithms | Ratio and proportion and Time and work-related problems, Laws of Indices, Exponents and Logarithms and AntiLogarithms |
| Equations | Linear Equations Upto Three Variables, Quadratic and Cubic equations in one variable. Applications in Business Related Problems. |
| Linear Inequalities | Linear Inequalities in one and two variables and the solution space |
| Mathematics of Finance | ⬩ Simple Interest ⬩ Compound Interest ⬩ Nominal and Effective Rate of Interest ⬩ Present Value ⬩ Net Present Value ⬩ Future Value ⬩ Perpetuity ⬩ Annuities ⬩ SinkingFunds ⬩ Calculating EMI ⬩ Calculations of Returns:Nominal and Effective rate of Return ⬩ Compound Annual Growth Rate(CAGR) |
| Permutations and Combinations | Basic concepts of Permutations and combinations: Introduction, the factorial, permutations, results, circular permutations, permutations with restrictions, Combinations With standard results |
| Sequence and Series | Introduction Sequences, Series, Arithmetic and Geometric progression, Relationship between AM and GM and Sum of n terms of special series and Business Applications |
| Sets, Relations, and Functions. Basics of Limits and Continuity Functions | |
| Basic applications of Differential and Integral calculus in Business and Economics (Excluding the trigonometric applications) | |
| Part B: Logical Reasoning | Number series coding and Decoding and the odd man out, Direction Tests, Seating Arrangements, Blood Relations |
| Part C: Statistics | |
| Statistical Representation of Data | Diagrammatic representation of data, Frequency Distribution, Graphical representation of Frequency Distribution–Histogram, Frequency Polygon, Ogive, Pie-chart |
| Sampling | Basic principles of sampling theory, comparison between sample survey and complete enumeration, some important terms associated with sampling type of sampling, sampling and non-sampling errors. |
| Measures of Central Tendency and Dispersion | Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Coefficient of Variation, Coefficient of Quartile Deviation |
| Probability | Independent and dependent events; are mutually exclusive events. Total and Compound Probability and Bayes Theorem |
| Theoretical Distributions | Random variables, Discrete and Continuous Random variables, Expectation of a discrete random variable, Theoretical Distributions: Binomial Distribution, Poisson distribution–basic application and Normal Distribution–basic applications |
| Correlation and Regression | Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations, Regression coefficients |
| Index Numbers | Uses of Index Numbers, Problems involved in construction Index Numbers, Methods of construction of Index Numbers.BSE SENSEX NSE |
CA Foundation Syllabus for Paper 4: Business Economics
| Topics | Sub Topics |
| Introduction to Business Economics | Meaning and scope of Business Economics, Basic Problems of an Economy and the Role of Price Mechanism |
| Theory of Demand and Supply | ⬩ Meaning and Determinants of Demand, Law of Demand and Elasticity of Demand – Price, Income and Cross Elasticity. ⬩ Theory of Consumer’s Behaviour –Indifference Curve approach. ⬩ Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply, Market Equilibrium and Social Efficiency |
| Theory of Production and Cost | ⬩ Meaning and Factors of Production, Short Run and Long Run. ⬩ Law of Production–The Law of Variable Proportions and Laws of Returns to Scale, Producer’s Equilibrium. ⬩ Concepts of Costs – Short-run and long-run costs, Average and Marginal Costs, Total, Fixed and variable Costs |
| Price Determination in Different Markets | ⬩ Market Structures: Perfect Competition, Monopoly and Monopolistic Competition.Using Game Theory to Study Oligopoly. ⬩ Price Determination in these Markets. ⬩ Price- Output Determination under different Market Forms |
| Determination of National Income | ⬩ Macro Economic Aggregates and Measurement of National Income ⬩ Determination of National Income: Keynes’ Two Sector Basic Model, Three Sectors and Four Sectors Models |
| Business Cycles | Meaning, Phases, Features, Causes behind these Cycles |
| Public Finance | ⬩ Fiscal functions: An Overview, Centre and StateFinance. ⬩ Market Failure/ Government Intervention To Correct Market Failure. ⬩ Process of budget making: Sources of Revenue, Expenditure Management, and Management of Public Debt. ⬩ FiscalPolicy |
| Money Market | ⬩ Concept of Money Demand ⬩ Important Theories of Demand for Money ⬩ Concept of Money Supply, Cryptocurrency Another New Terminology ⬩ Monetary Policy |
| International Trade | ⬩ Theories of International Trade including theories of intra-industry trade Krugman. ⬩ Trade Policy – The Instruments of Trade Policy. ⬩Trade negotiations. ⬩ ExchangeRatesanditseconomiceffects. ⬩ International Capital Movements: Foreign DirectInvestment |
| Indian Economy | ⬩ Before 1950- Chanakya and Nand Vansh ⬩ OECDPaper (1950-1991) ⬩ Basic knowledge 1991 Onwards |
CA Foundation Passing Criteria 2024
A candidate would be said to have passed the Foundation examination if he or she gets a minimum of 40% marks in each paper and a minimum of 55% marks in all the papers combined.
How To Download The CA Foundation New Syllabus 2024 PDF?
- Go to the official website of the Institute of Chartered Accountants of India (ICAI) at www.icai.org.
- Look for the syllabus tab on the homepage and click on it.
- Under the Students section, find the Foundation course and select the latest syllabus for 2024.
- Click on the link to download the CA Foundation New Syllabus 2024 PDF.
- Save the PDF file on your device for easy access and reference during your studies.