CA Foundation Syllabus 2023: In this article we explained, CA Foundation Syllabus and Changes in CA Foundation Syllabus. we had given the info about CA Inter New Syllabus 2023. This is the article about CA Foundation Syllabus May & Nov 2023. ICAI has renamed the entrance test CA CPT (common proficiency test) to CA Foundation course.
ICAI’s CA Foundation exam will be conducted twice a year in the months of May and November. There are 4 papers in CA Foundation syllabus. ICAI introduced general English and Business and Commercial Knowledge subjects in the new syllabus.
CA Foundation Syllabus 2023 pdf | Download Link 1 |
CA Foundation Syllabus May & Nov 2023
Content in this Article
Today ICAI has given a notification about CA Foundation syllabus 2023 with latest amendments, changes & included & excluded topics. In the given notification, ICAI has given details about CA New Course | Foundation Route, CA New Course | Direct Entry Route, Changes in CPT, IPCC and CA Final syllabus from 2019 and other training programs. Here we are providing CA Foundation Syllabus by Subject wise Chapters & Topics in detailed list format. Get Subject-wise applicable CA Foundation Syllabus. See CA Foundation Subject wise Syllabus Analysis at below.
Subjects in CA Foundation Syllabus
Paper I: Principles and Practices of Accounting (100 Marks)
Paper 2: Mercantile Law & General English (100 Marks)
- Part I: Mercantile Law (60 Marks)
- Part II: General English (40 Marks)
Paper 3*: Business Mathematics and Logical Reasoning & Statistics (100 Marks)
- Part I: Business Mathematics and Logical Reasoning (60 Marks)
- Part II: Statistics (40 Marks)
Paper 4*: Business Economics & Business and Commercial Knowledge (100 Marks)
- Part I: Business Economics (60 Marks)
- Part II: Business and Commercial Knowledge (40 Marks)
*Paper 3 and Paper 4 will be Objective type papers
New CA Foundation Course Structure
CA Foundation Course – Number of Papers – 4
Paper 1 | Principles and Practices of Accounting | 100 Marks | Descriptive /Subjective Type |
Paper 2 | Business Law & Business Correspondence and Reporting | 100 Marks | Descriptive/Subjective Type |
Section A: Business Law – 60 Marks | |||
Section B: Business Correspondence and Reporting – 40 Marks | |||
Paper 3 | Business Mathematics Logical Reasoning and Statistics | 100 Marks | Objective Type |
Paper 3 – Part I: Business Mathematics and Logical Reasoning (60 Marks) | |||
Paper 3 – Part II: Statistics (40 Marks) | |||
Paper 4 | Business Economics & Business and Commercial Knowledge | 100 Marks | Objective Type |
Paper 4 – Part I: Business Economics (60 Marks) | |||
Paper 4 – Part II: Business and Commercial Knowledge (40 Marks) |
Note :
CA CPT Old Scheme Vs CA Foundation New Scheme Syllabus
Old Scheme | New Scheme |
CA CPT | CA Foundation |
200 Marks | 400 Marks |
Fundamental of Accounting(60 Marks)Objective | Principles and Practices of Accounting(100 Marks)Subjective |
Mercantile Law (40 Marks)Objective | Business Law (60 Marks = ICA + SOGA + PA = 45 Marks + LLP + Companies Act = 15 Marks) and (40 Marks) Business Correspondence and Reporting Subjective |
General Economics (50 Marks)Objective | Business Economics (60 Marks) and Business and Commercial Knowledge (40 Marks)Objective |
Quantitative Aptitude (50 Marks)Objective | Business Mathematics (40 Marks), Logical Reasoning (20 Marks) and Business Statistics (40 Marks)Objective |
CA Subjects in CA Foundation Syllabus New Scheme
Paper 1: Principles and Practices of Accounting
Following few topics have been added
- Average due date and account current.
- Departmental Accounts.
Paper 2 (Part I): Business Law
Following few topics have been added (15 Marks)
- 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 [section 1 to 22]: Important definitions, Introduction of company & corporate veil theory, Classes of companies, Conversion of company, Incorporation of company, Memorandum of Association, Articles of Association, Alteration of Memorandum and Articles, Doctrine of Indoor Management, Conversion of companies already registered, Promoters, Service of documents.
Paper 2 (Part II): Business Correspondence and Reporting
Section A | Section B | Section C |
Comprehension Passages and Note Making | Developing Writing Skills | Basic English Grammar |
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Paper 3 (Section A): Business Mathematics and Logical Reasoning
Following few topics added in Business Mathematics in CA Foundation Syllabus
- Algebra of Matrices, Inverse of a Matrix and determinants, solving system of equations using matrix method (Cramer’s rule) involving not more than 3 variables.
- Nominal rate of return
- Compound Annual growth rate (CAGR)
Logical reasoning is new paper carrying 20 Marks
- Number series coding and decoding and odd man out
- Blood relations
- Seating arrangements
- Direct Tests
- Syllogism
Paper 3 (Section B): Business Statistics
No Change
Paper 4 (Part I): Business Economics
Following few topics have been added
- Introduction to Business Economics
- Meaning of Business Economics
- Objectives of Business Firm- Profit Maximization, Sales Maximization, Growth Maximization.
- Business Cycles
- Meaning of Business Cycles
- Phases of Business Cycles
- Features of Business Cycles.
- Causes behind these Cycles.
Following topics have been deleted and shifted to Intermediate level in detailed basis
- Macro Economics
- Indian Economy
Paper 4 (Part II): Business and Commercial Knowledge
It is a new paper
- Introduction to Business
Nature of Business, Profession and Employment. Objectives of Business. Business and Commercial Knowledge. Economic and Non-Economic Activities.
- Business Environment
Micro and Macro Environment, Elements of Micro Environment – Consumers/Customers, Competitors, Organization, Market, suppliers, Intermediaries, Elements of Macro Environment – Demographic, Economic, Political-legal, Sociocultural, Technological, Global Environment.
- Business organizations Top Indian and Global Companies.
- Government Policies for Business Growth
Policies creating a conductive business environment – Startups, E-commerce. Liberalization, Privatization, Foreign Direct Investment.
- Organizations facilitating Business
Indian regulatory bodies – SEBI, RBI, IRDA, CCI, FMC, CBDT, CBEC Indian Development Banks – IFCI, IDBI, SIDBI, EXIM Bank, NABARD Global organizations, and world trade bodies – IMF, ADB, WTO, OECD, SAARC, ASEAN, OPEC. Accounting Bodies – IFAC, IASB, IESB, CAPA, SAFA, AOSSG.
- Common Business and Commercial Terminologies
Finance, Marketing and other business terms. Stock Market Terminology.
CA FOUNDATION Syllabus – Subject Wise
PAPER – 1: PRINCIPLES AND PRACTICE OF ACCOUNTING
(One paper – Three hours – 100 Marks)
Contents:
- 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 Estimates.
- Accounting Standards – Concepts and Objectives.
(viii) Indian 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.
- Joint Ventures for non-corporate entities
Meaning and Features of joint venture transactions, Distinction between joint venture and partnership, Methods of maintaining joint venture accounts.
- Royalty accounts
Meaning of the term “Royalty” and Accounting Treatment thereof.
- Average due Date
Meaning, Calculation 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.
- Basic Accounting Ratios (profitability, solvency, liquidity and turnover)
PAPER – 2: BUSINESS LAWS AND BUSINESS CORRESPONDENCE AND REPORTING
(One paper – Three hours – 100 Marks)
SECTION A: BUSINESS LAWS (60 MARKS)
Contents
- The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the general nature of contract, consideration, other essential elements of a valid contract, performance of contract, breach of contract, Contingent and Quasi Contract.
- 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
Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from dates notified by the Institute.
SECTION B: BUSINESS CORRESPONDENCE AND REPORTING (MARKS 40)
Part – I: Communication
- Communication
- Types
- Directions
- Network
- Process
- Problems
- Barriers
- Types of Communication
- Interpersonal Skills
- Listening Skills
- Emotional Intelligence
(viii) Sample Questions with Answers
Part – II: Sentence Types and Word Power
- Sentence Types (Direct-Indirect, Active -Passive Speech)
- Sentence: Definition
- Classification of sentence based on connotation
- Assertive sentences
- Interrogative sentences
- Imperative sentences
- Exclamatory sentences
- Optative sentences
- Sentence Structure
- Subject and Predicate
- Verb (Auxiliary, Finite)
- Object (Direct, Indirect)
- Complement
- Adjunct or Adverbial
- Clause Structure
- Types of Clauses
- Independent clauses
- Dependent clauses
- Relative or noun clauses
- Types of sentences
- Simple sentence
- Compound sentence
- Complex sentence
- Compound-complex sentence
- Direct-Indirect Speech
- Introduction
- Procedure for converting Direct speech into Indirect speech
- Rules for converting Direct speech into Indirect speech
- Change in pronouns
- Change in tenses
- Change in modals
- Changes for Imperative sentences
- Changes for Exclamatory sentences
- Changes for Interrogative sentences
- Punctuation in Direct speech
- Rules for converting Indirect speech into Direct speech
- Active Passive Voice: Introduction
- Usage: Active vs. passive voice
- Reasons for using Passive voice
- Changing Passive voice to Active voice
- Changing Active voice to Passive voice
- Suggestions for using Active and Passive voice
- Verbs Voice Active or passive
(viii) Exercises
- Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations and Idioms.
- Introduction
- Significance of improving vocabulary
- How to improve vocabulary
- Root words
- Synonyms and Antonyms
- Words formed by using Prefixes
- Words formed by using Suffixes (viii) Phrasal verbs
- Collocations
- Idioms
- Exercises
Part – III: Comprehension Passages and Note Making
- Comprehension Passages
- Introduction to Comprehension Passages
- Points to ponder
- Sample Passages with answers
- Exercises
- Note Making
- Introduction to Note Making
- Significance of Note Making
- Detailed Format Heading(Title)
- Sub-heading
- Indentation
- Points
- Use of abbreviations
- Summary
- Content
- Expression
- Steps to Comprehend and summarize text
- Helpful Hints
- Sample Passages with Notes
- Exercises
Part – IV: Developing Writing Skills
- Introduction to Basic Writing
- Introduction
- Process of writing
- Styles of Writing
- Significance of writing skills for students
- Writing Conventions
- Characteristics of good writing
- Do’s and Don’ts of good writing
- Precis Writing
- What is Precis writing?
- Features of good Precis writing
- How to write a Precis
- Do’s and Don’ts of Precis writing
- Examples (Passages with Precis)
- Exercises
- Article Writing
- What is an Article?
- Essential elements of Article Writing
- Detailed Format
- Title
- By- Writer’s Name
- Body
- Introduction
- Main Idea-Support
- Conclusion
- Sample Articles
- Exercises
- Report Writing
- What is a Report?
- Essential elements of Report Writing
- Kinds of Reports
- Reporting for a Meeting/Assembly
- Reporting for a Newspaper
- Reporting for a Magazine
- Detailed Format for (iii) above
- Title
- By- Writer’s Name
- Place, Date
- Body
- What
- When
- Where
- Who
- How
- Tips and Conventions of Report Writing
- Sample Reports
- Exercises
- Writing Formal Letters
- Types of Letters
- Circulars
- Complaints
- Memos
- Promotional Content
- Sales
- Recovery/Remittances
- Detailed format for (i) above
- Date
- Salutation
- Subject
- Body of the letter
- First paragraph
- Second paragraph
- Complimentary Closure
- Points to Remember
- Sample Letters
- Exercises
- Writing Formal Mails
- How to Write a Formal Mail?
- Writing Effective Mails
- Essential elements of Mails
- Subject line
- Formal Greetings
- Target Audience(Reader)
- Clarity and Conciseness
- Formal Closing
- Proof read
- Feedback
- Tips and Conventions of Mails
- Sample Mails
- Exercises
- Resume Writing
- Essential Elements of Resume
- Name and contact details
- Objective Summary
- Academic Qualifications and Achievements
- Co-curricular Achievements
- Training Programs attended/completed
- Strengths
- Interests/Hobbies
- Declaration
- Signature
- Resume Writing Tips and Conventions
- Sample Resumes
- Exercises
- Meetings
- Notice
- Agenda
- Drafting minutes
- Action Taken Report
PAPER -3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS
(One paper – Three hours – 100 Marks)
Contents:
Part – A. Business Mathematics (40 Marks)
- Ratio and Proportion, Indices and Logarithms
Ratio and Proportion (Business Applications related to Ration and Proportion) Laws of Indices, Exponents and Logarithms and Anti Logarithms.
- Equations and Matrices
- Equations: Simultaneous linear equations up to three variables, Quadratic and Cubic equations in one variable.
- Matrices: Algebra of Matrices, Inverse of a Matrix and determinants, solving system of equations by Cramer’s Rule (involving not more than three variables).
- Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.
- Time value of Money
- Simple Interest
- Compound interest
- Depreciation
- Effective Rate of Interest
- Present Value
- Net Present Value
- Future Value (viii) Perpetuity
- Annuities
- Sinking Funds
- Valuation of Bonds
- Calculating of EMI (xiii) Calculations of Returns:
- Nominal Rate of Return
- 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
- Sets, Relations and Functions
- Basic applications of Differential and Integral calculus (Excluding the trigonometric applications), Applications of Marginal Cost and Marginal Revenue etc.,
Part – B: Logical Reasoning (20 Marks)
- Number series, Coding and Decoding and odd man out.
- Direction Tests
- Seating Arrangements
- Blood Relations
- Syllogism
Part – C: Statistics (40 Marks)
- Statistical description of Data
Statistical Representation of Data, Diagrammatic representation of data, Frequency distribution, Graphical representation of Frequency Distribution – Histogram, Frequency Polygon, Ogive, Pie-chart.
- Measures of Central tendency and Dispersion
Measures of Central Tendency and Dispersion: Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Co-efficient of Variation, Coefficient of Quartile Deviation.
- Probability
Probability: Independent and dependent events; mutually exclusive events. Total and Compound Probability and Mathematical Expectation.
- Theoretical Distributions
Theoretical Distributions: Binomial Distribution, Poisson distribution – Basic application and Normal Distribution – Basic applications.
- Correlation and Regression
Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Probable Error and Probable limits. Regression lines, Regression equations, Regression coefficients.
- Index Numbers and Time Series
- Index Numbers: Uses of Index Numbers, Problems involved in construction of Index Numbers, Methods of construction of Index Numbers.
- Time Series Analysis – Components of Time Series and Calculation of Trend by Moving Average Method.
PAPER – 4: BUSINESS ECONOMICS AND BUSINESS AND
COMMERCIAL KNOWLEDGE
(One paper – Three hours – 100 Marks)
PART I: BUSINESS ECONOMICS (60 Marks)
- 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 – Marshallian approach and Indifference curve approach
- Meaning and determinants of supply, Law of supply and Elasticity of supply.
- Demand Forecasting
- Theory of Production and Cost
- Meaning and Factors of production
- Laws 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
- Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
- Price determination in these markets.
- Business Cycles
- Meaning
- Phases
- Causes behind these Cycles.
PART – II: BUSINESS AND COMMERCIAL KNOWLEDGE (40 MARKS)
Contents
- Introduction to Business
Nature of Business, Profession and Employment. Objectives of Business. Economic and Non-Economic Activities, Forms of Business Organizations.
- Business Environment
Micro and Macro Environment, Elements of Micro Environment – Consumers/Customers, Competitors, Organization, Market, suppliers, Intermediaries, Elements of Macro Environment – Demographic, Economic, Political-legal, Socio-cultural, Technological, Global Environment.
- Business organizations
Overview of leading Indian and Global Companies.
- Government Policies for Business Growth
Policies creating conductive business environment such as Liberalization, Privatization, Foreign Direct Investment.
- Organizations facilitating Business
- Indian regulatory bodies – SEBI, RBI, IRDA, CCI
- Indian Development Banks – IFCI, SIDBI, EXIM Bank, NABARD
- Common Business Terminologies
- Finance Terminologies.
- Marketing Terminologies.
- Stock & Commodity Markets Terminologies.
- Banking Terminologies.
- Other Business Terminologies.
Note: Students are expected to read at least one financial newspaper and one business magazine on a regular basis. They may also watch a business channel to remain updated about the developments related to the commercial world.
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I’m completed my BSc maths in 80%
Am I appear for CPT test Or not?
What is the next step for joining CA.
I am registered .ca cpt in 2012 in 10th standar but I will take a exam3rd atemt in 2017 june 98mark faill so I am dissuade take exam 2019 which syllabus follows plzz help me
Is there blue print for CA foundation 2018 sylabuss for all 4subjects?
Pls send me sir. I am going to attend my exams on nov2018.
I am reading in class 12th can I take part in ca cpt exam may 2019
Is calculator allowed in maths and accounts exam?
Plz give a new syllabus app
please send me new syllabous
I’ve made my registration in Dec 2017.Which syllabus I have to write. When will I have my exams. What about the process of getting my study materials.
I’ve made my registration in Dec 2018 .Which syllabus I have to write. When will I have my exams. What about the process of getting my study materials.
thanks for this information
How will I get the study materials for ca foundation as I am giving exam in November
Where can i get cpt new syllabus materials
Can you show us the blue print for English CA foundation
Can you show us the blue print for English
how to register for cpt june 2018 exam
SIR, MY PERCENTAGE IN POST GRADUATION IS 59% ,SO I AM ELIGIBLE FOR DIRECT ENTRY ROUTE IF YES LET ME KNOW THROUGH MAIL
THANKING YOU
P.SHIVAKUMAR
Sir galat answer ke number katein ge
1) I wish to know the registration details including fee structure at each stage;
2) Whether calculator is permitted in exam hall;
3) Complete details regarding the course from CA Foundation to Final exam;
4) Also about study materials & its availability with cost for the same.
WE GIVE EXAM AFTER PASSING CLASS XI
I have done my registration for CA CPT exam in 2016. so for me there will be new syllabus or old syllabus?