📝 Complete CA Foundation Syllabus 2024 – New ICAI Scheme (Updated)

 

📝 Complete CA Foundation Syllabus 2024 – New ICAI Scheme (Updated)

Welcome back to Towards the CA Tag!

If you're stepping into the world of Chartered Accountancy, your journey begins with the CA Foundation Course. With ICAI’s New Education and Training Scheme (2023), the syllabus and exam structure have seen important updates, and in this post, we’ll walk you through everything you need to know.

🎯 What is CA Foundation?

CA Foundation is the first level of the Chartered Accountancy course conducted by the Institute of Chartered Accountants of India (ICAI). It tests your basics in accounting, law, business math, economics, and logical thinking.

📚 Subjects in CA Foundation (New Scheme – 2023 onwards)

CA Foundation consists of 4 papers, each carrying 100 marks, for a total of 400 marks.

📘 Paper 1: Accounting

Objective: To develop an understanding of the basic principles of accounting and the preparation of financial statements.

🔹 Key Topics:

  • Basics of Accounting Process

  • Bank Reconciliation Statement

  • Bills of Exchange

  • Final Accounts of Sole Proprietors

  • Rectification of Errors

  • Depreciation

  • Special Transactions (Consignment, Joint Ventures)

  • Partnership Accounts (Introductory)

  • Company Accounts (Basic concepts)

📕 Paper 2: Business Laws

Objective: To provide an understanding of essential business laws applicable in India.

🔹 Key Acts Covered:

  • Indian Contract Act, 1872

  • Sale of Goods Act, 1930

  • Indian Partnership Act, 1932

  • Limited Liability Partnership Act, 2008

  • Basics of Companies Act, 2013

📗 Paper 3: Quantitative Aptitude

Divided into 3 sections:

🔹 Section A – Business Mathematics

  • Ratios, Indices & Proportion

  • Equations and Inequalities

  • Matrices and Determinants

  • Time Value of Money

  • Sequences, Series & PnC

  • Sets, Functions & Relations

🔹 Section B – Logical Reasoning

  • Coding-Decoding

  • Blood Relations

  • Series

  • Puzzles & Direction Sense

  • Seating Arrangement

🔹 Section C – Statistics

  • Measures of Central Tendency

  • Dispersion

  • Probability

  • Index Numbers

  • Correlation & Regression

  • Time Series Analysis

📙 Paper 4: Business Economics

Objective: To introduce key micro and macroeconomic concepts relevant to business decisions.

🔹 Main Topics:

  • Introduction to Economics

  • Demand and Supply

  • Production & Cost

  • Market Structures (Perfect Competition, Monopoly, etc.)

  • Business Cycles

  • National Income (Basics)

  • Indian Economy Overview

📌 Exam Pattern

Paper
Type
Marks
Mode
Paper 1 & 2
Subjective
100
Descriptive
Paper 3 & 4
Objective
100
MCQs with negative marking

Note: Negative marking of 0.25 for each wrong answer applies to Paper 3 & 4.

✅ Passing Criteria

To pass the CA Foundation Exam, you must:

  • Score at least 40% in each paper

  • Score 50% aggregate overall (i.e., 200/400)

🗓️ When Should You Start?

Start early, plan your studies well, and follow a structured revision pattern. Stay tuned on Towards the CA Tag for:

  • Weekly study plans

  • Concept explanations

  • PDF downloads

  • Mock test tips


Stay consistent. Stay focused.
Let’s move Towards the CA Tag — one chapter at a time! ✨

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