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Being a highly reputed profession with lucrative salaries, Chartered Accountancy is a widely pursued career by students across the world. In India, the first step towards building a career in this field is to clear all the 3 levels of the exam namely, CA Foundation, IPCC, and the CA Final Exam conducted by the Institute of Chartered Accountants of India (ICAI) which are also among the toughest exams in the world. This blog will cover all the information and details about the CA Foundation syllabus 2024 including the exam pattern, marking scheme, and a lot more.
| Elements | Details |
| Exam Name | CA Foundation (earlier known as CA CPT) |
| Conducting Authority | The Institute of Chartered Accountants of India (ICAI) |
| Level of Exam | National |
| Exam Category | Undergraduate (UG) |
| Course Offered | Chartered Accountancy in India |
| Mode of Exam | Offline i.e. Pen and Paper-based Test (PPT) |
| Exam Medium | English |
| Duration of Exam | 4 Hours (2 Hours for each exam Session) |
| Frequency | Multiple times a year |
ICAI CA Foundation Paper Pattern 2024
Mentioned below is the latest ICAI CA Foundation exam pattern for the 2024 CA Foundation exam:
| Exam Name | ICAI CA Foundation |
| Exam Mode | Offline |
| Medium of Exam | English or Hindi (English being compulsory for Section B of Paper 2) |
| Maximum marks | 400 (100 per paper) |
| Negative marking | Papers 1 and 2- Subjective Paper 3 and 4- Objective |
| Type of questions | Paper 1 and 2- Subjective Paper 3 and 4- Objective |
| Passing criteria | Papers 1 and 2- Subjective Papers 3 and 4- Objective |
CA Foundation Syllabus
The following are the details of CA foundation syllabus 2024.
CA Foundation Syllabus Paper-1: Principles and Practices of Accounting
The Principles and Practice of Accounting is a three-hour-long paper with 100 marks. The CA foundation syllabus for this paper is as follows:
- Theoretical Framework
- Accounting Process
- Accounting for Special Transactions
- Concept and Accounting of Depreciation
- Final Accounts of Sole Proprietors
- Bank Reconciliation Statement
- Inventories
- Partnership Accounts
- Financial Statements of Not-for-Profit Organizations
- Introduction to Company Accounts
Also Read: How to Pursue CA after Graduation
CA Foundation Syllabus Paper 2: Business Laws and Business Correspondence and Reporting
Covering major portions related to Business Laws and Business Correspondence and Reporting, paper 2 is a three-hour long paper which has a maximum weightage of 100 marks. The CA Foundation exam syllabus of this paper, which is further divided into two sections has been mentioned below:
Section A: Business Law [60 Marks]
- The Indian Contract Act, 1872
- The Sale of Goods Act, 1930
- The Indian Partnership Act, 1932
- The Limited Liability Partnership Act, 2008
- The Companies Act, 2013
Note: In case of enactment of new legislation replacing the current legislation, the CA Foundation syllabus would include those provisions with effect from the corresponding dates as per the notification of ICAI.
Section B: Business Correspondence and Reporting [40 Marks]
| PARTS | TOPICS COVERED |
| Part 1: Communication | Types, Directions, Network, Process, Problems, Barriers, Types of Communication (Interpersonal, Listening Skills, and Emotional Intelligence) |
| Part II: Sentence Type and Word Power | 1. Sentence Definition 2. Classification of the sentence based on connotation: Assertive, Interrogative, Imperative, Exclamatory, and Optative sentences. 3. Sentence Structure: Subject and Predicate, Verb (Auxiliary, Finite), Object (Direct & Indirect Speech), Complement, Adjunct or Adverbial, Clause Structure, Types of Clauses, Direct and Indirect speech. 4. Active Passive Voice 5. Verbs Voice Active or Passive 6. Vocabulary Root Words 7. Synonyms and Antonyms 8. Prefixes and Suffixes 9. Phrasal Verbs, Collocations, and Idioms. |
| Part III | Comprehension Passages and Note Making |
| Part IV: Developing Writing Skills | Introduction to Basic Writing: Precise, Article, and Report Writing, Writing Formal Letters, and Mails, Resume Writing, and Meetings. |
CA Foundation Syllabus Paper 3: Business Mathematics and Logical Reasoning and Statistics
With a period of 2 hours, the Business Mathematics, Logical Reasoning, and Statistics is a total of 100 marks paper. The CA Foundation syllabus 2024 and marks for every section have been listed below:
Part – A: Business Mathematics [40 Marks]
- Ratio and Proportion, Indices and Logarithms
- Equations and Matrices
- Linear Inequalities with Objective Functions and Optimization w.r.t. Objective Function
- Time Value of Money
- Permutations and Combinations
- Sequence and Series
- Sets, Relations, and Functions
- Basic applications of Differential and Integral calculus
Part – B: Logical Reasoning [20 Marks]
- Number Series, Coding and Decoding and the Odd Man Out.
- Direction Tests
- Seating Arrangements
- Blood Relations
- Syllogism
Part – C: Statistics [40 Marks]
- The Statistical Description of Data
- Measures of Central tendency and Dispersion
- Probability
- Theoretical Distributions
- Correlation and Regression
- Index Numbers and Time Series
CA Foundation Syllabus Paper 4: Business Economics and Business and Commercial Knowledge
To develop the necessary problem-solving skills, the CA foundation syllabus 2024 of the Business Economics and Business and Commercial Knowledge assesses the knowledge of candidates in the following list of topics:
Part I: Business Economics [60 Marks]
- Introduction to Business Economics
- Theory of Demand and Supply
- Theory of Production and Cost
- Price Determination in Different Markets
- Business Cycles
Part II: Business And Commercial Knowledge [40 Marks]
- Business and Commercial Knowledge – An Introduction
- Business Environment
- Business Organizations
- Government Policies for Business Growth
- Organizations Facilitating Business
- Common Business Terminologies
Note: Apart from the CA Foundation syllabus 2024, the students appearing for the examination must read a financial newspaper and business magazine regularly to stay updated with important business-related news.
Also Read: ICAI grants provisional registration for class 10 students
CA Foundation Marks Distribution 2024
The CA Foundation syllabus 2024 and subjects are listed below, along with their respective weightage or marks. Some CA Foundation courses are separated into two sections; thus, the student must be aware of all CA Foundation exam syllabus, subjects with weightage.
| Papers | CA Foundation Subjects | Marks Distribution |
| Paper 1 | Principles and Practices of Accounting | 100 Marks |
| Paper 2 | Business Laws and Business Correspondence and Reporting 1. Business Laws 2. Business Correspondence and Reporting | 100 Marks (60 Marks) (40 Marks) |
| Paper 3 | Business Mathematics and Logical Reasoning and Statistics. 1. Business Mathematics 2. Logical Reasoning 3. Statistics | 100 Marks (40 Marks) (20 Marks) (40 Marks) |
| Paper 4 | Business Economics and Business and Commercial Knowledge Section A: Business Economics Section B: Business and Commercial Knowledge | 100 Marks (60 Marks) (40 Marks) |
Marking Scheme
Let us understand how well the answer copies be evaluated for this exam:
- Total marks- 400
- Paper 1 and 2 are subjective and Paper 3 and 4 are Objective type
- In an objective question, 0.25 marks will be deducted for each wrong answer
- It is mandatory to score a minimum of 40% marks in every subject and a minimum of 50% of the aggregate of marks in all subjects
Also Read: CA Final Exam
Want to know how you can ace the CA Foundation exam, watch out this video AIR 1 holder-
Books for CA Foundation Exam
You can cover the important topics through the below-mentioned popular books for the CA Foundation Level exam :
Principles And Practice Of Accounting
- Fundamentals of Accounting for CA – CPT by P.C Tulsian and Bharat Tulsian
- CPT Grewal’s Accountancy by M.P Gupta & B.M Aggarwal
- Fundamentals of Accounting by D.G Sharma
- Padhuka Basics of Accounting for CA CPT by G. Sekar & b Saravana Prasath
- General Economics by S.K. Agarwal
Quantitative Aptitude
- Quantitative Aptitude by Dr T. Padma and K.C.P Rao
- Padhuka’s practical Guide On Quantitative Aptitude For CA CPT by G.Sekar and Saravana Prasath
- Quantitative Aptitude for CPT: mathematics and Statistics by Tulsian P. C. and Jhujhunwala Bharat
- Quantitative Aptitude Mathematics With Short Tricks By CA Rajesh Jogani
Mercantile Law
- Mercantile Laws for CA CPT by P C Tulsian
- S Chand Mercantile Laws for CA CPT by P P S GOGNA
- Mercantile Law by M.C.Kucchal and Vivek Kucchal
- Padhuka MCQ Bank by G Sekar and B Sarvana Prasath
Other Reference Books
- Question Bank with Model Test Papers for CA – Common Proficiency Test (CPT) – Accounting, Mercantile Laws, General Economics & Quantitative Aptitude by R C Bhatt
- Quantitative Aptitude – P. N. Arora
- General Economics by PM Salwan & Pranjal B Deshpande by Taxmann
Past Question Papers
FAQs
Candidates interested in becoming a CA needs to pass the first stage, i.e CA Foundation. CA Foundation comprises 4 major subjects which are mandatory for candidates to clear to reach the second stage of the CA Exam.
Yes, the CA Foundation exam has negative markings. One wrong answer is equal to the dedication of 1/4th mark from the overall score. Therefore, only answer familiar questions.
No, it is not a paid service. You will receive your books shortly after registering for the CA course.
No, there is no change in the CA Foundation syllabus so far. However, there are some changes made in the CA Final syllabus. You may read our blog on CA Final new syllabus to know more!
It takes a lot of work to prepare for the CA foundation, but nothing is impossible. The advantage of the CA foundation is that it simply requires a specific threshold and is not a competitive test. So you may unwind and concentrate solely on what you need to do to succeed in this exam.
The ideal time to start preparing and revising for the CA Foundation exam is 3 months, as per the syllabus and level of knowledge to pass the exam.
The first step is to sign up for the CA Foundation. After you register, your registration will be valid for three years. Candidates can apply for the CA Foundation May/November test within this time frame. Candidates may apply for and sit in a maximum of six examinations during three years.
There is no minimum mark/percentage requirement to sit for the CA Foundation Exams. It just needs that you PASS your 10 + 2 examinations to sit for it.
Thus, the CA foundation exam syllabus is very diverse and comprehensive. Needless to say, one needs to have a well-crafted preparation strategy to ace this exam. I hope this blog is helpful, also if you want to begin your study abroad journey, you can contact us at Leverage Edu and our mentors will be happy to guide you through the process and also help you understand the field of your choosing.
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Can someone belongs to average family do CA in less fees ? If yes then tell me what is the process.! I want to do CA ,but it is very expensive so ……… My family can’t bear this amount of the answer is yes then pls pls pls tell me I shall be very thankful to you 🙏🙏🙏🙏🙏
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Hi Kanchan!
You can pursue CA regardless of your financial background. There are various scholarships that help students with financial aid. Here are some blogs that will help you- https://leverageedu.com/blog/scholarships-for-girls/
If you have more queries, please feel free to leave a comment or contact our experts at 1800572000! All the best -
Yes iam doing CA for low cost
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I’m currently in FYJC ARTS . But now I wish to do CA. Is it possible . If yes than please guide me a little ….. THANK YOU
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4 comments
Can someone belongs to average family do CA in less fees ? If yes then tell me what is the process.! I want to do CA ,but it is very expensive so ……… My family can’t bear this amount of the answer is yes then pls pls pls tell me I shall be very thankful to you 🙏🙏🙏🙏🙏
Hi Kanchan!
You can pursue CA regardless of your financial background. There are various scholarships that help students with financial aid. Here are some blogs that will help you- https://leverageedu.com/blog/scholarships-for-girls/
If you have more queries, please feel free to leave a comment or contact our experts at 1800572000! All the best
Yes iam doing CA for low cost
I’m currently in FYJC ARTS . But now I wish to do CA. Is it possible . If yes than please guide me a little ….. THANK YOU