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, icai.org.
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. 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 | Subjective |
| Paper 4 | Business Economics | 100 Marks | Subjective |
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 | |
|---|---|
| Topics | Sub Topics |
| Theoretical Framework |
|
| Accounting Process |
|
| Bank Reconciliation Statement | Introduction, reasons, and preparation of bank reconciliation statement |
| Inventories | Meaning, basis, and technique of inventory valuation, cost of inventory, net realizable value and record system |
| Depreciation and Amortisation | Tangible and intangible assets- meaning & difference, concepts, methods of computation and accounting treatment of depreciation/amortization, change in depreciation method |
| Bills of Exchange and Promissory Notes | Meaning of bills of exchange, 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 | Significance 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 |
|
| Company Accounts |
|
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 | |
|---|---|
| Topics | Sub Topics |
| Indian Regulatory Framework | Major Regulatory Bodies include 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 organizations |
| 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 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 | |
|---|---|
| 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 |
|
| 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 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 , 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 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 | |
|---|---|
| Topics | Sub Topics |
| Introduction to Business Economics |
|
| Theory of Demand and Supply |
|
| Theory of Production and Cost |
|
| Price Determination in Different Markets |
|
| Determination of National Income |
|
| Business Cycles | Meaning, Phases, Features, Causes behind these Cycles |
| Public Finance |
|
| Money Market |
|
| International Trade |
|
| Indian Economy |
|
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.
