CA-FOUNDATION

* About the Course
ICAI Foundation Course Syllabus 2023 ICAI has presented each topic of the syllabus in a lucid manner. If you are registered in CA course on or before 1st January, 2023 then you are eligible to appear in May/June, 2023 exams. Candidates registering between 02.01.2023 to 01.07.2023 are eligible for appearing in CA Foundation Dec 2023 examinations. Note that 4 months study period is required before appearing in Foundation Examination.

Read here: https://www.aubsp.com/ca-foundation-new-syllabus/  for more detail.

 
* Eligibility

CA FOUNDATION ELIGIBILITY CRITERIA 2023

Candidates before registering for CA Foundation exam 2023 should ensure that they fulfill the eligibility criteria of CA Foundation. ICAI had made some provisions in 25E,25F and 28 F of the CA regulations that permits candidates of class 10 to get admission through a provisional route. The eligibility criteria of CA Foundation 2023 is given below:

  • Age Limit

There are no age limit restrictions for candidates who want to apply for the CA Foundation exam.

  • Educational Qualification

The educational qualifications guidelines set by ICAI are:

  • Candidates who have passed the Class 10 examination from the state or central government board or an equivalent examination can apply for the CA Foundation exam. However, these candidates can only take provisional admission that will be regularized after clearing Class 12 exams.

  • Candidates appearing in Class 12 or have already passed the exams can register for the CA Foundation exam.

  • Candidates who have passed Class 12 with a minimum of 50 percent marks can register

 
 * Registration
 
* Syllabus

Paper 1: Principles and Practices of Accounting Syllabus (100 Marks)

Principles and Practices of Accounting is the first paper of the CA Foundation course. The syllabus of CA Foundation Accounts consists of basic accounting, which students might have studied in the 11th and 12th.

The CA Foundation accounts syllabus for the May 2023 exams is as follows:

  1. Theoretical Framework
    1. Meaning and Scope of Accounting.
    2. Accounting Concepts, Principles, and Conventions.
    3. Accounting Terminology
    4. Capital and Revenue Expenditure, Capital and Revenue Receipts, contingent assets, and contingent liabilities.
    5. Accounting Policies
    6. Accounting as a Measurement Discipline
    7. Accounting Standards
    8. Indian Accounting Standards(IND AS)
  2. Accounting Process
    1. Books of Accounts
    2. Preparation of Trial Balance
    3. Rectification of Errors
  3. Bank Reconciliation Statements
  4. Inventories
  5. Concept and accounting of Depreciation
  6. Accounting for Special Transactions
    1. Bill of Exchange and Promissory Notes
    2. Sale of Goods on approval or return basis
    3. Consignments
    4. Average due date
    5. Account Current.
  7. Final Accounts of Sole Proprietors
  8. Partnership Accounts
    1. Final Accounts of Partnership Firms
    2. Admission, Retirement, and Death of a Partner including Treatment of Goodwill
    3. Introduction to LLPs and Distinction of LLPs from Partnership.
  9. Financial Statements of Non-Profit Organisations
  10. Introduction to Company Accounts
    1. Definition of shares and debentures
    2. The issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares
    3. Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act, 2013.
    4. Basic Accounting Ratios (Profitability, Solvency, Liquidity, and Turnover)

Paper 2: Business Laws and Business Correspondence and Reporting Syllabus (100 Marks)

The syllabus of paper 2 is a bit longer in terms of the theoretical parts. It is divided into two sections:

  • Section A- Business Law (60 Marks)
  • Section B- Business Correspondence and Reporting Syllabus (40 Marks)

The CA Foundation Law syllabus consists of theory and needs proper understanding. So students should cover this syllabus early so that they can revise it at least 2 times.

SECTION A: BUSINESS LAWS SYLLABUS (60 MARKS)

The CA Foundation business law syllabus is:

  1. The Indian Contract Act of 1872
  2. The Sale of Goods Act of 1930
  3. The Indian Partnership Act of 1932
  4. The Limited Liability Partnership Act of 2008
  5. The Companies Act, 2013

SECTION B- BUSINESS CORRESPONDENCE AND REPORTING SYLLABUS (40 MARKS)

The ICAI Foundation syllabus for business correspondence and reporting are:

  1. PART-I Communication
    1. Types
    2. Directions
    3. Network
    4. Process
    5. Problems
    6. Barriers
    7. Types of Communications
      1. Interpersonal Skills
      2. Listening Skills
      3. Emotional Intelligence
    8. Sample question with answers
    9. Exercise
  2. PART-II Sentence Type and Word Power
    1. Sentence Types (Direct-Indirect, Active-Passive Speech)
      1. Sentence: Definition
      2. Classification of sentences based on connotation
      3. Sentence Structure
      4. Types of sentences
      5. Direct-Indirect Speech
        1. Introduction
        2. Procedure for converting Direct speech into Indirect speech
        3. Rules for converting Indirect speech into Direct speech
      6. Active Passive Voice: Introduction
      7. Verbs Voice: Active or passive
      8. Exercises with Answers
    2. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations & Idioms
      1. Introduction
      2. Significance of improving vocabulary
      3. How to improve vocabulary
      4. Root words
      5. Synonyms and Antonyms
      6. Words formed by using Prefixes
      7. Words formed by using Suffixes
      8. Phrasal verbs
      9. Collocations
      10. Idioms
      11. Exercises with Answers
  3. Part III: Comprehension Passages and Note-Making
    1. Comprehension Passages
    2. Note Making
      1. Introduction to Note Making
      2. Significance of Note Making
      3. Detailed Format Heading(Title)
      4. Steps to Comprehend and summarize the text
      5. Helpful Hints
      6. Sample Passages with Notes
      7. Exercises with Answers
  4. Part IV: Developing Writing Skills
    1. Introduction to Basic Writing
      1. Introduction
      2. Process of writing
      3. Styles of Writing
      4. Significance of writing skills for students
      5. Writing Conventions
      6. Characteristics of good writing
      7. Do’s and Don’ts of good writing
    2. Precis Writing
      1. What is Precis writing?
      2. Features of good Precis writing
      3. How to write a Precis
      4. Do’s and Don’ts of Precis writing
      5. Examples(Passages with Precis)
      6. Exercises with Answers
    3. Article Writing
      1. What is an Article?
      2. Essential elements of Article Writing
      3. Detailed Format
    4. Report Writing
      1. What is a Report?
      2. Essential elements of Report Writing
      3. Kinds of Reports
      4. Tips and Conventions of Report Writing
      5. Sample Reports
      6. Exercises with Answers Clues
    5. Writing Formal Letters
      1. Types of Letters
      2. Detailed format for (I) above
      3. Points to Remember
      4. Sample Letters
      5. Exercises with Answers Clues
    6. Writing Formal Mails
      1. How to Write a Formal Mail?
      2. Writing Effective Mails
      3. Essential elements of Mails
      4. Tips and Conventions of Mails
      5. Sample Mails
      6. Exercises with Answers Clues
    7. Resume Writing
      1. Essential Elements of Resume
      2. Resume Writing Tips and Conventions
      3. Sample Resumes
      4. Exercises with Answers Clues
    8. Meetings
      1. Notice
      2. Agenda
      3. Drafting minutes
      4. Action Taken Report

Paper 3: Business Mathematics and Logical Reasoning and Statistics Syllabus (100 Marks)

Business Mathematics is the third paper of the CA Foundation. It helps students to develop an understanding of Basic Maths, Reasoning, and statistics. The application of the CA Foundation maths syllabus is in the business, Finance, and Economics sectors and helps students develop a logical understanding to solve problems. The CA Foundation maths syllabus consists of 40 marks. Whereas the reasoning syllabus covers 20 marks and statistics covers 40 marks.

In the CA Foundation Maths syllabus, you’ll study ratios, equations, permutations and combinations, calculus, and many other topics you might have learned in school.

PART A: BUSINESS MATHEMATICS SYLLABUS (40 MARKS)

  1. Ratio and Proportion, Indices and Logarithms
  2. Equations
  3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.
  4. Time value of Money
  5. Permutations and Combinations
  6. Sequence and Series
  7. Sets, Relations, and Functions
  8. Basic applications of Differential and Integral Calculus

PART B: LOGICAL REASONING SYLLABUS (20 MARKS)

  1. Number Series, Coding and Decoding and the odd man out
  2. Direction Tests
  3. Seating Arrangements
  4. Blood Relations

PART C: STATISTICS SYLLABUS (40 MARKS)

  1. The statistical description of Data
  2. Measures of Central tendency and Dispersion
  3. Probability
  4. Theoretical Distributions
  5. Correlation and Regression
  6. Index Numbers

Paper 4: Business Economics and Business and Commercial Knowledge Syllabus (100 Marks)

Business Economics is the fourth and last subject of the CA Foundation. This subject helps students learn the concept of Business Economics and apply such concepts and theories in simple problem-solving.

PART I: BUSINESS ECONOMICS SYLLABUS (60 MARKS)

  1. Introduction to Business Economics
  2. Theory of Demand and Supply
  3. Theory of Production and Cost
  4. Price Determination in Different Markets
  5. Business Cycles

PART II: BUSINESS AND COMMERCIAL KNOWLEDGE SYLLABUS (40 MARKS)

  1. Business and Commercial Knowledge – An Introduction
  2. Business Environment
  3. Organizations
  4. Government Policies for Business Growth
  5. Organizations Facilitating Business
  6. Common Business Terminologies