ICAI CA Foundation Course: Syllabus and Paper Pattern 2024

Introduction

The 2024 CA Foundation exam included four papers: Accounting, Business Laws, Quantitative Aptitude, and Business Economics. The exams were held offline in English or Hindi, with varying lengths and 100 marks each. Papers one and two were subjective, while papers three and four were objective. The syllabus included significant subjects with varying weightages. Candidates had to score a minimum of 40% on each paper.

CA Foundation Full Syllabus in 2024

Principles and Practice of Accounting – Paper 1

No. of Modules & Chapters	Topic & Sub-topic
MODULE 1 :
Chapter 1	Theoretical Framework Unit 1: Meaning and Scope of Accounting Unit 2: Accounting Concepts, Principles and Conventions Unit 3: Capital and Revenue Expenditures and Receipts Unit 4: Contingent Assets and Contingent Liabilities Unit 5: Accounting Policies Unit 6: Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates Unit 7: Accounting Standards
Chapter 2	Accounting Process Unit 1: Basic Accounting Procedures – Journal entries Unit 2: Ledgers Unit 3: Trial Balance Unit 4: Subsidiary Books Unit 5: Cash Book Unit 6: Rectification of Errors
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 Unit 1: Final Accounts of Non-Manufacturing Entities Unit 2: Final Accounts of Manufacturing Entities
MODULE 2 :
Chapter 8	Financial Statements of Not-for-Profit Organisations
Chapter 9	Accounts from Incomplete Records
Chapter 10	Partnership and LLP Accounts Unit 1: Introduction to Partnership Accounts Unit 2: Treatment of Goodwill in Partnership Accounts Unit 3: Admission of a New Partner Unit 4: Retirement of a Partner Unit 5: Death of a Partner Unit 6: Dissolution of Partnership Firms and LLPs
Chapter 11	Company Accounts Unit 1: Introduction to Company Accounts Unit 2: Issue, Forfeiture and Re-Issue of Shares Unit 3: Issue of Debentures Unit 4: Accounting for Bonus Issue and Right Issue Unit 5: Redemption of Preference Shares Unit 6: Redemption of Debentures

Business Laws – Paper 2

The CA Foundation Syllabus 2024 Paper 2 on Business Laws gives a thorough examination of key constitutional regulations and powerful commercial enterprise conversation techniques in seven chapters.

Total No of Chapters	Topic & Sub-topic
Chapter 1	Indian Regulatory Framework
Chapter 2	The Indian Contract Act, 1872   Unit 1: Nature of Contracts Unit 2: Consideration Unit 3: Other Essential Elements of a Contract Unit 4: Performance of Contract Unit 5: Breach of Contract and its Remedies Unit 6: Contingent and Quasi Contracts Unit 7: Contract of Indemnity and Guarantee Unit 8: Bailment and Pledge Unit 9: Agency
Chapter 3	The Sale of Goods Act, 1930   Unit 1: Formation of the Contract of Sale Unit 2: Conditions & Warranties Unit 3: Transfer of Ownership and Delivery of Goods Unit 4: Unpaid Seller
Chapter 4	The Indian Partnership Act, 1932   Unit 1: General Nature of Partnership Unit 2: Relations of Partners Unit 3: Registration and Dissolution of a Firm
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 Syllabus 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   (A) Differential Calculus (B) Integral Calculus

 

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 Unit I: Statistical Representation of Data Unit II: Sampling
Chapter 14	Measures of Central Tendency and Dispersion Unit I: Measures of Central Tendency Unit II: 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 Unit 1: Introduction Unit 2: Basic Problems of an Economy & Role of Price Mechanism
Chapter 2	Theory of Demand and Supply Unit 1: Law of Demand and Elasticity of Demand Unit 2: Theory of Consumer Behaviour Unit 3: Supply
Chapter 3	Theory of Production and Cost Unit 1: Theory of Production Unit 2: Theory of Cost
Chapter 4	Price Determination in Different Markets Unit 1: Meaning and Types of Markets Unit 2: Determination of Prices Unit 3: Price Output Determination under Different Market Forms
Chapter 5	Business Cycles
Chapter 6	Determination of National Income Unit 1: National Income Accounting Unit 2: The Keynesian Theory of Determination of National Income
Chapter 7	Public Finance Unit 1: Fiscal Functions: An Overview, Centre and State Finance Unit 2: Market Failure/ Government intervention to correct Market Failure Unit 3: The Process of Budget Making: Sources of Revenue, Expenditure Management and Management of Public Debt Unit 4: Fiscal Policy
Chapter 8	Money Market Unit 1: The Concept of Money Demand: Important Theories Unit 2: The Concept of Money Supply Unit 3: Monetary Policy
Chapter 9	International Trade Unit 1: Theories of International Trade Unit 2: The Instruments of Trade Policy Unit 3: Trade Negotiations Unit 4: Exchange Rate and Its Economic Effects Unit 5: International Capital Movements
Chapter 10	Indian Economy

CA Foundation Paper Pattern in 2024

The CA Foundation paper pattern was conducted in both English and Hindi. It consists of four papers: Accounting, Business Laws, Quantitative Aptitude, and Business Economics. The exams are offline, with each paper lasting 3 hours, 2 hours, or 2 hours. Each paper carries 100 marks, totaling 400 marks for the entire exam. Papers 1 and 2 are subjective, while Papers 3 and 4 are objective. For more information, visit icai.org.

Highlights	Particulars
Exam Name	Chartered Accountant Foundation (CA Foundation)
Official Website	icai.org
Frequency	Twice in a year
Medium	English/Hindi
Mode Of Exam	Offline
Number of Papers	4
Paper Names	Accounting (Paper 1) Business Laws (Paper 2) Quantitative Aptitude (Paper 3) Business Economics (Paper 4)
Exam Duration	Paper 1 & 2 – 3 Hours Paper 3 & 4 – 2 Hours
Marks for Each Paper	100
Total Exam Marks	400
Question Type	Paper 1 and 2 – Subjective
	Paper 3 and 4 – Objective

 

CA Foundation Course Syllabus and Weightage in 2024

The online CA Foundation course will cover the following topics:

• Accounting (Paper 1)
• Business Laws (Paper 2)
• Quantitative Aptitude (Paper 3)
• Business Economics (Paper 4)

Paper 1:  Accounting (100 marks)

CA Foundation Accounting Weightage
Chapters	Marks Weightage
1. Theoretical Framework	5%-10%
2. Accounting Process 3. Bank Reconciliation Statement 4. Inventories 5. Deprecation and Amortization 6. Bills of Exchange and Promissory notes	30%-35%
7. Preparation of final accounts of sole Proprietors 8. Financial Statement of Not-for-Profit Organization 9. Accounts form Incomplete Records (excluding preparation of accounts based on ratios)	20%-25%
10. Partnership And LLP Accounts	15%-20%
11. Company Accounts	15%-25%

 

Paper 2: Business Laws (100 marks)

CA Foundation Business Laws Weightage
Chapters	Marks Weightage
1. Indian Regulatory Framework	0%-5%
2. The Indian Contract Act, 1872	20%-30%
3. The Sale of Goods Act, 1930	15%-20%
4. The Indian Partnership Act, 1932	15%-20%
5. The Limited Liability Partnership Act, 2008	5%-10%
6. The Companies Act, 2013	15%-20%
7. The Negotiable Instruments Act, 1881	10%-15%

 

Paper 3: Quantitative Aptitude (100 marks)

CA Foundation Quantitative Aptitude Weightage
Part	Chapters	Marks Weightage
Part A: Business Mathematics (40 Marks)	1. Ratio and Proportion, Indices and Logarithms 2. Equations 3. Linear Inequalities	20%-30%
	4. Mathematics of Finance 5. Permutations and Combinations 6. Sequence and Series 7. Sets, Relations, and Functions. Basics of Limits and Continuity functions. 8. Basic applications of Differential and Integral calculus in Business and Economics	30%-50%
Part B: Logical Reasoning (20 Marks)	9. Number series, Coding, and Decoding and odd man out 10. Direction Tests 11. Seating Arrangements 12. Blood Relations	20%-30%
Part C: Statistics (40 Marks)	13. Unit 1: Statistical Representation of Data Unit:2 Sampling 14. Measures of Central tendency and Dispersion	45%-50%
	15. Probability 16. Theoretical Distributions	25%-30%
	17. Correlation and Regression 18. Index Numbers	10%-15%

 

Paper 4: Business Economics (100 marks)

CA Foundation Business Economics Weightage
Chapters	Marks Weightage
1. Introduction to Business Economics	5%
2. Theory of Demand and Supply	10%
3. Theory of Production and Cost	10%
4. Price Determination in Different Markets	15%
5. Determination of National Income	15%
6. Business Cycles	5%
7. Public Finance	10%
8. Money Market	10%
9. International Trade	10%
10. Indian Economy	10%

CA Foundation Passing Criteria 2024

• The CA Foundation Exam 2024, applicants need to meet unique standards, including reaching a minimum of 40% in each paper and achieving a maximum of 50% of the entire mixture across all papers.
• Papers 1 and 2 are subjective, requiring accurate, more than one-preference solutions, while Papers 3 and 4 are objective , detailed answers.
• To maximize performance, candidates should very well understand the syllabus, practice significantly, and master each goal and subjective question.

Preparation Tips for the CA Foundation 2024

1. Create a take a look at schedule. Plan your observe periods in advance, allocating time for every subject and subject matter.
2. Focus on Basics: Master the fundamental ideas of accounting, economics, regulation, and quantitative aptitude.
3. A strong foundation will make advanced topics less difficult to take.
4. Make use of examined fabric provided using legit sources like ICAI, extra textbooks, and on line sources to beautify your knowledge.
5. Take Breaks: Schedule quick breaks during examine sessions to keep away from burnout and preserve awareness.
6. Stay Healthy: Maintain a balanced food regimen, get good enough sleep, and exercise regularly to keep your mind and frame in choicest situation for reading.
7. Stay Positive: Maintain a nice attitude towards your studies and accept as true with in your ability to be successful.

Frequently Asked Questions

What is the CA Foundation exam?

The CA Foundation exam, conducted by ICAI, is the entry-level exam for becoming a Chartered Accountant, following Class 12 passing. Candidates must also qualify for the intermediate and final stages.

Who is eligible for CA Foundation?

The exam is open to 12th grade candidates only, and graduates, postgraduates, and those with equivalent qualifications are not eligible.

How many subjects are there in the CA Foundation Course?

The CA Foundation course covers four subjects: accounts, business law, business math, and business economics

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