CA Foundation Exams in June 2024

Tips to Ace the CA Foundation Exams in June 2024


CA Foundation exams mark the first significant milestone in the journey towards becoming a Chartered Accountant (CA). As one of the most respected and rewarding professions in the finance and accounting sector, the CA designation opens doors to numerous career opportunities. If you are preparing for the CA Foundation exams scheduled from June 20 to June 26, 2024, you must have a comprehensive and strategic preparation plan. This blog provides essential details about the CA Foundation exams and offers valuable tips to help you ace your exams with confidence.

CA Foundation Exam Details

Particulars Details
Name of Exam CA Foundation
Governing Body Institute of Chartered Accountants of India (ICAI)
Number of Subjects Four
Subjects – Principles and Practice of Accounting, Business Laws and Business Correspondence and Reporting, Business Mathematics and Logical Reasoning & Statistics, Business Economics and Business and Commercial Knowledge
Preparation Period 4 Months
Eligibility Criteria Appeared or Completed Class 12th
Passing Criteria Each Subject – 40% Aggregate – 50%
Mode of Exam Offline
Exam Pattern Subjective and Objective
Last Date of Registration 10 August 2024
Exam Dates June 20 to June 26, 2024
Exam Frequency 3 Times a year
Results Announcement August/September

Eligibility Criteria for CA Foundation Exam

To be eligible for the CA Foundation exams, students must meet specific criteria set by ICAI:

  1. Educational Qualification: Students must have passed or appeared in the Class 12th examinations conducted by a recognized examination body.
  2. Registration: Students must complete their CA Foundation registration with ICAI before the specified deadline, which for the September 2024 attempt is August 10, 2024.
  3. Study Period: Candidates must undergo a minimum of four months of study period after registration before appearing for the exam.
  4. Provisional Registration: Students who have passed their Class 10 exams can provisionally register for the CA Foundation course. They need to submit a scanned copy of their Class 12 admit card instead of the mark sheet if awaiting results.

CA Foundation Exam Pattern

Understanding the exam pattern is crucial for effective preparation. The CA Foundation exam comprises four papers, each designed to test different skill sets and knowledge areas.

Paper Number Subject Type of Exam Duration
Paper 1 Principles and Practice of Accounting Subjective 3 Hours
Paper 2 Business Laws and Business Correspondence and Reporting Subjective 3 Hours
Paper 3 Business Mathematics, Logical Reasoning & Statistics Objective 2 Hours
Paper 4 Business Economics and Business and Commercial Knowledge Objective 2 Hours

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Key Points:

  • Mode of Exam: Offline, paper-based
  • Marking Scheme: No negative marking for subjective papers (Paper 1 and 2). For objective papers (Paper 3 and 4), there is a negative marking of 1/4 mark for every wrong answer.
  • Medium of Exam: English/Hindi (except Section B of Paper 2, which is in English only)

Preparation Tips for CA Foundation Exams

Preparation for the CA Foundation exams requires a blend of strategic planning, rigorous practice, and maintaining a healthy lifestyle. Here are some tips to guide your preparation:

  1. Focus on Conceptual Understanding

The CA Foundation exams demand a deep understanding of concepts rather than rote learning. Spend time comprehending accounting principles, business laws, mathematical techniques, and economic theories. Make sure you can apply these concepts to solve practical problems. Use textbooks, reference materials, and online resources to clarify your doubts. Engage with peers, mentors, and instructors to reinforce your understanding.

  1. Create a Structured Study Plan

Draft a detailed study plan that covers all subjects and allocates sufficient time for each topic. Break down the syllabus into manageable sections and set daily, weekly, and monthly goals. Ensure your study plan includes time for revision and practice tests.

  1. Practice with Mock Tests and Previous Year Papers

Regular practice is key to success in the CA Foundation exams. Solve as many mock tests and previous year question papers as possible. This will help you get familiar with the exam pattern, improve time management skills, and identify areas where you need more practice. Analyze your performance in these tests to understand your strengths and weaknesses.

  1. Stay Updated with Current Affairs

The Business Economics and Business and Commercial Knowledge paper requires you to be well-versed with current affairs and business news. Read newspapers, financial magazines, and online publications regularly. Stay informed about significant economic events, corporate developments, and government policies.

  1. Maintain a Healthy Lifestyle

A healthy mind resides in a healthy body. Do not neglect your physical and mental health during your preparation. Ensure you get adequate sleep, eat a balanced diet, and exercise regularly. Include short breaks in your study schedule to relax and rejuvenate. Practice relaxation techniques like meditation and yoga to manage stress effectively.

  1. Use Effective Study Techniques

Adopt study techniques that enhance your learning efficiency. Techniques such as active recall, spaced repetition, and the Feynman technique can be very effective. Use visual aids like charts, diagrams, and mind maps to remember complex information.

  1. Join Study Groups

Joining a study group can provide a platform for discussion, doubt clearing, and knowledge sharing. It can also help keep you motivated and accountable.

Watch the video of expert for more insights on CA Foundation Preparation

By following these tips and maintaining a disciplined approach, you can confidently prepare for and excel in the CA Foundation exams.


The CA Foundation exams are a significant step towards a rewarding career in Chartered Accountancy. With the right approach and diligent preparation, you can excel in these exams. Focus on building a strong conceptual foundation, practice regularly, stay updated with current affairs, and maintain a healthy lifestyle. Remember, consistency and perseverance are key to success.

Frequently Asked Questions

Q1. What are the dates for the CA Foundation exam in June 2024?

Ans: The CA Foundation exam is scheduled from June 20 to June 26, 2024.

Q2. Can the CA Foundation exams be taken three times a year?

Ans: Yes, the CA Foundation exams are conducted three times a year in January, June, and September.

Q3. What is the last date for CA Foundation exam registration for September 2024?

Ans: The last date for CA Foundation exam registration for the September 2024 attempt is August 10, 2024.

Q4. Is there any negative marking in the CA Foundation exams?

Ans: Yes, there is negative marking of 1/4 mark for every wrong answer in the objective papers (Paper 3 and 4). However, there is no negative marking for subjective papers (Paper 1 and 2).

Q5. What is the passing criteria for the CA Foundation exams?

Ans: To pass the CA Foundation exams, you need to score at least 40% in each subject and an aggregate of 50% overall.


ICAI unveils new CA Logo at GloPAC

During the Global Professional Accountants Convention (GloPAC), the Institute of Chartered Accountants of India (ICAI) unveiled a new logo for Chartered Accountants. The sign represents the accounting profession’s dedication to serving as a nation-building partner.

The Institute tweeted on ‘X’,

The ICAI successfully hosted the 21st World Congress of Accountants in 2022. Building on this accomplishment, the ICAI is currently establishing its first “Global Professional Accountants Convention” (GloPAC), with the goal of curating gatherings of equal size. The purpose is to increase connectivity among the worldwide accounting community, keeping them informed of the world’s ever-changing dynamics.

GloPAC works to bring together key stakeholders from all around the world, including thought leaders, policymakers, standard setters, industry and commerce groups, and financial institutions. The primary purpose is to hold meaningful conversations and debates about current issues and future developments in the accounting profession. GloPAC, positioned as a ‘Window to the Future,’ offers understanding and adaptability to previously unforeseen aspects in the global economy and regulatory landscape. This convention serves as a forum for leaders to exchange ideas and conversations, indicating a path for professional accountant development, and the new logo is expected to bring about a renewed spirit and passion for the profession of chartered accountancy.

This convention serves as a forum for leaders to exchange ideas and conversations, indicating a path for professional accountant development, and the new logo is expected to bring about a renewed spirit and passion for the profession of chartered accountancy.

Guidelines for the use of new CA logo and colour significance

The Institute of Chartered Accountants of India (ICAI) proudly unveiled its new logo during the GloPAC Convention, ushering in a new era for the prestigious accounting profession. This eye-catching design complements the colors of India’s national flag. This unique design not only honors the country’s rich history, but it also symbolizes the symbiotic relationship between the prestigious accounting profession and the spirit of India. More than just a cosmetic alteration, the logo is a powerful symbol of the fundamental values that have characterized the ICAI and the accounting profession throughout their long history.

Guidelines for the use of new CA logo and colour significance

The Institute of Chartered Accountants of India (ICAI) proudly unveiled its new logo during the GloPAC Convention, ushering in a new era for the prestigious accounting profession. This eye-catching design complements the colors of India’s national flag. This unique design not only honors the country’s rich history, but it also symbolizes the symbiotic relationship between the prestigious accounting profession and the spirit of India. More than just a cosmetic alteration, the logo is a powerful symbol of the fundamental values that have characterized the ICAI and the accounting profession throughout their long history.

Incorporation of Tricolor

The use of the tricolor in the logo is a striking representation of the Institute’s ties to India.  The Indian flag’s three colors indicate unity, diversity, and sovereignty, and they reflect the brand’s commitment to serving the Indian people and contributing to the country’s prosperity. The tricolor has been used in such a way that it conveys velocity, flight, and advancement, emphasizing the Institute’s forward-thinking approach.

Significance of blue colour

The predominant color of the new logo is blue, which was inspired by the ICAI logo. Blue is a color associated with divinity, immortality, bravery, and determination. It expresses immensity, as the hue of the sky and ocean, and has long been a component of Indian culture, politics, and society. Blue is also culturally significant, having been used in Indian traditions for about 5,000 years.

Adaptability on all platforms

The new logo may be used across all platforms, digital and analog, which is essential for a modern company. This versatility ensures that the Institute’s brand remains consistent across all media, which strengthens the Institute’s identity and credibility. The new logo’s versatility makes it more appealing to the Institute’s stakeholders, who include members, students, and the general public.

In a nutshell

CA India’s new logo reflects the brand’s connection to India while retaining its current identity. The new logo incorporates the tricolor, underlines the importance of the blue hue, and is applicable to all platforms. The design is designed to be both aesthetically pleasing and culturally significant, reflecting the Institute’s beliefs and commitment to assisting the people of India.

Guidelines (2023) for using the new CA India logo for CA members

The logo features the letters ‘CA’ in blue on a white background, with a multicolored tick mark (upside down). Blue not only contrasts with any background, but it also denotes creativity, originality, knowledge, integrity, trust, truth, stability, and depth. The upside-down tick mark, which is typical among Chartered Accountants, has been added to signify the professional’s wisdom and value.

The term ‘India’ is also included in the design to signify the Institute’s affiliation with the India First approach and commitment to helping the Indian economy for the public benefit. 

– Do not change the font (color, bold/unbold, or size). Furthermore, the spacing and size should not change. 

-The color scheme is

– Do not change the design or colors, including the white backdrop.

– Avoid rotating or twisting the logo clockwise or counterclockwise. 

– The logo should not be lowered or changed in any way that affects its original proportions. 

– While members are encouraged to adopt the new CA India Logo as it appears on letterheads, visiting cards, and the website, a one-year transition period has been allowed for members to replace current stationary/signage, etc.

*Effective from 24th November, 2023.


CA Foundation New Syllabus 2024: ICAI New Scheme Syllabus & Subjects

On July 1, 2023, the Institute of Chartered Accountants of India (ICAI) issued the CA Foundation New Syllabus 2024 as a part of the new educational and training system. Applicants who intend to take the test need to consider the updated CA Foundation 2024 syllabus, which includes additional content. The CA Foundation syllabus for the new program is available at, the official ICAI website. December 2023 will mark the last CA Foundation test to be administered under the current program utilizing the antiquated CA Foundation curriculum, whereas June 2024 would mark the first exam administered under the new ICAI program.

Prospective candidates have to familiarize themselves with the updated syllabus for the CA Foundation exam and design a study plan accordingly. Discover more about the CA Foundation’s new curriculum, which covers all the subjects and significant themes and is being implemented under the ICAI’s new structure, by reading the entire article.

CA Foundation New Syllabus Papers 2024

In the new syllabus of CA Foundation, under the new ICAI scheme, the following papers have been included :

Sr. 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

Paper 4 Business Economics 100 Marks Subjective

CA Foundation Syllabus Under New Scheme 2024

The table below provides the exact ICAI CA Foundation curriculum for all of the previously stated papers using the most recent format. The details also include the key ideas for each discipline of the CA Foundation.

Objective: To get a basic understanding of accounting’s concepts and principles and put that knowledge to use when creating financial statements and solving straightforward problems.
Topics Sub Topics
Theoretical Framework


  • Meaning and Scope of Accounting.
  • Accounting concepts, principles and conventions.
  • Capital and revenue expenditure, capital and revenue receipts,contingent assets and contingent liabilities.
  • Accounting Policies.
  • Accounting as a measurement discipline – valuation principles, accounting estimates. Accounting Standards-concepts and objectives.


Accounting Process

  • Recording accounting transactions: principles of double entrybook-keeping, books of original entry-journal,subsidiary books,cash book, ledger-format,posting from journals and subsidiary books,balancing accounts.
  • Preparation Of Trial Balance.
  • Rectification Of Errors
Bank Reconciliation Statement Introduction, reasons and preparation of bank reconciliation statement
Inventories Meaning, basis and technique of inventory valuation, cost of inventory, net realisable value and record system
Depreciation and Amortisation


Meaning and distinctions between tangible and intangible assets, as well as concepts, computation methods, and accounting treatment of amortisation and depreciation, as well as changes to the depreciation method
Bills of Exchange and Promissory Notes Meaning of bills of exchange and promissory notes and their accounting treatment; accommodation bills.
Preparation of 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
Financial Statements of Not-for-Profit Organizations Difference between the profit and loss account and the income and expenditure account, as well as the significance and production of the receipt and payment account, income and expenditure account, and balance sheet
Accounts from Incomplete Records (excluding preparation of accounts based on ratios).
Partnership And LLP Accounts

  • Final accounts of partnership firms and LLP.
  • Admission, retirement and death of a partner including treatment of goodwill.
  • Dissolution of partnership firms and LLPs including piecemeal distribution of assets
Company Accounts


  • Definition Of Shares And Debentures.


  • Issue Shares And Debentures,forfeiture of shares,reissue of forfeited shares.


  • Redemption of preference shares and debentures(excluding purchase and redemption of own debentures sinking fund method).


  • Accounting For Bonus Issue And Right Issue.

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Paper 2: Business Laws

Objective: to obtain general legal knowledge of the law of contracts, sales, and a comprehension of different company structures and how they operate in order to control the business environment, as well as the capacity to address simple application-oriented problems.
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 Terms of the Contract, the Consideration, and Additional Requirements for a Binding AgreementContract of Indemnity and Guarantee, Performance Contract, Breach of Contract, Conditional and Quasi-Contract, Contract of Agency, Contract of Bailment and Pledge
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

Paper 3: Quantitative Aptitude


  • students become familiar with fundamental statistical and quantitative concepts and apply them to situations in business, finance, and economics.
  • to improve your ability to reason logically.
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,RelationshipbetweenAMandGMandSumofntermsofspecialseriesand BusinessApplications
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 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 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;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

Paper 4: Business Economics

Objective: To develop an understanding of the concepts and theories of Economics and to acquire the ability for addressing application-oriented issues
Topics Sub Topics
Introduction to Business Economics Meaning and scope of Business Economics.

Basic Problems of an Economy and 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 andVariable 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:AnOverview, Centre and StateFinance.
  • MarketFailure/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.
  • TradePolicy–TheInstrumentsofTradePolicy.
  • TradeNegotiations.
  • ExchangeRatesanditseconomiceffects.
  • International Capital Movements: Foreign Direct Investment
Indian Economy

  • Before 1950- Chanakya and Nand Vansh
  • OECD Paper (1950-1991),
  • Basic knowledge 1991 Onwards

Requirements for Clearing CA Foundation Examination 2024

If a candidate receives at least 40% on each paper and at least 50% on the sum of all the papers taken in one sitting, they are considered to have passed the Foundation exam.

Being objective, Negative grades will be assigned to Papers 1 and 2, and further communication will be given. 3 and 4 are the papers of the subjective type.

Tips for Getting Ready for the Upcoming CA Foundation Syllabus 2024

To help you prepare for the CA Foundation exam, consider the following advice:

Recognize the syllabus: possess a thorough comprehension of the CA Foundation course. The number of papers remains the same, but further investigation is necessary to find out if the curriculum’s listed topics have changed or been added to.

Commence Early: With the release of the syllabus for the CA foundation exam, candidates ought to get started on their studies right once. If you start early, you’ll have plenty of time to review and practice afterwards.

Examine the Appropriate Books and Study Guides: The ICAI website offers study guides for the CA foundation. As applicants prepare for the CA, they can refer to it. Reading credible literature is another effective way for candidates to get ready for the CA Foundation exam.

Mock Test: Use realistic-looking practice exams to boost performance on test day. On the ICAI website, candidates can also try to pass practice exams for the CA Foundation.

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 On July 1, 2023, ICAI issued the revised syllabus

The first CA Foundation test will be administered in June 2024 in accordance with the updated ICAI education and training plan.

The updated syllabus for the CA Foundation course includes 4 papers.

Each paper in the CA foundation exam has 100 points.