CA Foundation New Syllabus 2024

Post Name : CA Foundation New Syllabus 2024
Post Date :  21 February , 2024
Post Description : The Institute of Chartered Accountants of India (ICAI) has introduced a new syllabus for the CA Foundation exam, effective from July 1, 2023. This means that if you plan to take the CA Foundation exam in 2024, you should be aware of the changes in the syllabus. The detailed syllabus can be found on the official ICAI website,

CA Foundation New Syllabus 2024 Papers

In the CA Foundation New Syllabus 2024, the ICAI has introduced some new papers. If you’re preparing for the exam, check out these updates to know what to study.

CA Foundation New Syllabus 2024
S. NoPaper NameMarksType of Questions
Paper 1Accounting100 MarksObjective
Paper 2Business Laws100 MarksObjective
Paper 3Quantitative Aptitude: Part A: Business Mathematics Part B: Logical Reasoning Part C: Statistics100 Marks Part A: 40 Marks Part B: 20 Marks Part C: 40 MarksSubjective
Paper 4Business Economics100 MarksSubjective

CA Foundation New Syllabus 2024 Paper 1: Accounting

The CA Foundation New Syllabus 2024 aims to help students grasp the fundamentals of accounting. It teaches them how to use these concepts to make financial statements and solve basic accounting problems.

CA Foundation New Syllabus 2024: Accounting
TopicsSub Topics
Theoretical Framework
  1. Meaning and Scope of Accounting.
  2. Accounting concepts, principles, and conventions.
  3. Capital and revenue expenditure, capital and revenue receipts, contingent assets, and contingent liabilities.
  4. Accounting Policies.
  5. Accounting as a measurement discipline – valuation principles, accounting estimates. Accounting Standards-concepts and objectives.
Accounting Process
  1. Recording accounting transactions: principles of double entry book-keeping, books of original entry-journal, subsidiary books, cash book, ledger-format, posting from journals and subsidiary books, balancing accounts.
  2. Preparation Of Trial Balance.
  3. Rectification Of Errors
Bank Reconciliation StatementIntroduction, reasons, and preparation of bank reconciliation statement
InventoriesMeaning, basis, and technique of inventory valuation, cost of inventory, net realizable value and record system
Depreciation and AmortisationTangible and intangible assets- meaning & difference, concepts, methods of computation and accounting treatment of depreciation/amortization, change in depreciation method
Bills of Exchange and Promissory NotesMeaning of bills of exchange, promissory notes, and their accounting treatment; accommodation bills.
Preparation of Final accounts of Sole ProprietorsElements 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 OrganizationsSignificance and preparation of receipt and payment account, income and expenditure account and balance sheet, difference between profit and loss account, and income and expenditure account
Accounts from Incomplete Records (excluding preparation of accounts based on ratios).
Partnership And LLP Accounts
  1. Final accounts of partnership firms and LLP.
  2. Admission, retirement, and death of a partner, including treatment of goodwill.
  3. Dissolution of partnership firms and LLPs, including piecemeal distribution of assets
Company Accounts
  1. Definition Of Shares And Debentures.
  2. Issue Shares And Debentures, forfeiture of shares, reissue of forfeited shares.
  3. Redemption of preference shares and debentures(excluding purchase and redemption of own debentures sinking fund method).
  4. Accounting For Bonus Issue And Right Issue.

CA Foundation New Syllabus 2024 Paper 2: Business Laws

In the CA Foundation New Syllabus 2024, the objective is to provide students with a broad understanding of legal aspects related to contracts and sales. It also covers different types of businesses and how they operate, helping students learn how to navigate the business environment and address basic, practical issues related to these topics.

CA Foundation New Syllabus 2024: Business Laws
TopicsSub Topics
Indian Regulatory FrameworkMajor Regulatory Bodies include the Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice, etc.
The Indian Contract Act, 1872General 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, 1930Formation of the contract of sale, Conditions and Warranties, Transfer of ownership and Delivery of goods, Unpaid seller and his rights.
The Indian Partnership Act, 1932General Nature of Partnership, Rights and Duties of partners, Reconstitution of firms, Registration and Dissolution of a firm
The Limited Liability Partnership Act, 2008Introduction-covering nature and scope, Essential features, Characteristics of LLP, Incorporation, and Differences with other forms of organizations
The Companies Act, 2013Essential 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, 1881Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentment of Instruments, Rules of Compensation

CA Foundation New Syllabus 2024 Paper 3: Quantitative Aptitude

The CA Foundation New Syllabus 2024 aims to help students grasp fundamental math and statistics tools and use them in business, finance, and economic scenarios. It also focuses on enhancing logical reasoning skills.

CA Foundation New Syllabus 2024: Quantitative Aptitude
TopicsSub Topics
Part A: Business Mathematics
Ratio and proportion, Indices and LogarithmsRatio and proportion and Time and work-related problems, Laws of Indices, Exponents and Logarithms and AntiLogarithms
EquationsLinear Equations Upto Three Variables, Quadratic and Cubic equations in one variable. Applications in Business Related Problems.
Linear InequalitiesLinear Inequalities in one and two variables and the solution space
Mathematics of Finance
  1. Simple Interest
  2. Compound Interest
  3. Nominal and Effective Rate of Interest
  4. Present Value
  5. Net Present Value
  6. Future Value
  7. Perpetuity
  8. Annuities
  9. SinkingFunds
  10. Calculating EMI
  11. Calculations of Returns: Nominal and Effective Rate of Return
  12. Compound Annual Growth Rate(CAGR)
Permutations and CombinationsBasic concepts of Permutations and combinations: Introduction, the factorial, permutations, results, circular permutations, permutations with restrictions, Combinations With standard results
Sequence and SeriesIntroduction Sequences, Series, Arithmetic and Geometric progression, Relationship between AM and GM and Sum of 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 ReasoningNumber series coding and Decoding and the odd man out, Direction Tests, Seating Arrangements, Blood Relations
Part C: Statistics
Statistical Representation of DataDiagrammatic representation of , Frequency Distribution, Graphical representation of Frequency Distribution–Histogram, Frequency Polygon, Ogive, Pie-chart
SamplingBasic 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 DispersionMean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Coefficient of Variation, Coefficient of Quartile Deviation
ProbabilityIndependent and dependent events are mutually exclusive events. Total and Compound Probability and Bayes Theorem
Theoretical DistributionsRandom 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 RegressionScatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations, Regression coefficients
Index NumbersUses of Index Numbers, Problems involved in construction Index Numbers, Methods of construction of Index Numbers. BSE SENSEX NSE

CA Foundation New Syllabus 2024 Paper 4: Business Economics

The CA Foundation New Syllabus 2024 intends to help students understand economic concepts and theories. It also helps them gain the skills needed to handle practical, real-world economic problems.

CA Foundation New Syllabus 2024: Business Economics
TopicsSub 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
  1. Meaning and Determinants of Demand, Law of Demand and Elasticity of Demand – Price, Income and Cross Elasticity.
  2. Theory of Consumer’s Behaviour –Indifference Curve approach.
  3. Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply, Market Equilibrium and Social Efficiency
Theory of Production and Cost
  1. Meaning and Factors of Production, Short Run and Long Run.
  2. Law of Production–The Law of Variable Proportions and Laws of Returns to Scale, Producer’s Equilibrium.\
  3. Concepts of Costs – Short-run and long-run costs, Average and Marginal Costs, Total, Fixed and variable Costs
Price Determination in Different Markets
  1. Market Structures: Perfect Competition, Monopoly and Monopolistic Competition.Using Game Theory to Study Oligopoly.
  2. Price Determination in these Markets.
  3. Price- Output Determination under different Market Forms
Determination of National Income
  1. Macro Economic Aggregates and Measurement of National Income
  2. Determination of National Income: Keynes’ Two Sector Basic Model, Three Sectors and Four Sectors Models
Business CyclesMeaning, Phases, Features, Causes behind these Cycles
Public Finance
  1. Fiscal functions: An Overview, Centre and StateFinance.
  2. MarketFailure/Government Intervention To Correct Market Failure.
  3. Process of budget making: Sources of Revenue, Expenditure Management, and Management of Public Debt.
  4. FiscalPolicy
Money Market
  1. Concept of Money Demand
  2. Important Theories of Demand for Money
  3. Concept of Money Supply, Cryptocurrency Another New Terminology
  4. Monetary Policy
International Trade
  1. Theories of International Trade including theories of intra-industry trade Krugman.
  2. TradePolicy–TheInstrumentsofTradePolicy.
  3. Trade negotiations.
  4. ExchangeRatesanditseconomiceffects.
  5. International Capital Movements: Foreign DirectInvestment
Indian Economy
  1. Before 1950- Chanakya and Nand Vansh
  2. OECDPaper (1950-1991),
  3. Basic knowledge 1991 Onwards

What are the Passing Criteria for CA Foundation Exam 2024?

Here are the key points regarding passing the CA Foundation Exam 2024:

  • To pass the exam in a single attempt, a candidate must achieve a minimum of 40% in each paper.
  • Additionally, the candidate needs to secure at least 50% of the total aggregate of all the papers.
  • Papers 1 and 2 consist of objective-type questions involving negative marking (specifics will be provided later).
  • Papers 3 and 4 are subjective and require descriptive answers.

CA Foundation New Syllabus 2024 Preparation Tips

Here are some helpful tips to kickstart your preparation for the CA Foundation Exam 2024 under the new syllabus:

  • Know the Syllabus: Get a solid grasp of the CA Foundation New Syllabus 2024. Dive deeper to see what topics are now included or excluded, and tailor your study plan accordingly.
  • Start Early: With all the syllabus details available, don’t procrastinate. Begin your preparations early, allowing ample time for revision and practice.
  • Use the Right Study Materials: The ICAI provides study materials for the CA Foundation on its website. Make good use of these resources. Additionally, consider using reliable books to enhance your understanding.
  • Mock Tests: To replicate the sensation of taking a genuine exam, practice with mock examinations. ICAI offers CA Foundation mock tests on its website, which are great for honing your exam skills.
  • Time Management: Make a study plan that allows enough time for each topic and subject. Effective time management will help you cover the entire syllabus and ensure you’re well-prepared on exam day.

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