CA Foundation Exam Pattern 2023 (May Sessions) - Mode, Marking Scheme, Difficulty Level

Particulars

Details

Name of the exam

CA Foundation, earlier known as CA CPT (Common Proficiency Test)

Conducting body

The Institute Of Chartered Accountants of India (ICAI)

Mode of exam

Offline

Frequency

TWICE in a year

May (or June)

November (or December)

Level of exam

National level

Level of difficulty

Easy to Moderate

Question paper (s)

The CA Foundation exam includes FOUR papers:

Paper 1 - Principles and Practice of Accounting

Paper 2 - Business Laws and Business Correspondence and Reporting

Paper 3 - Business Mathematics, Logical Reasoning and Statistics

Paper 4 - Business Economics and Business and Commercial Knowledge

Duration of the question papers

Paper 1 and 2 will be of 3 hours

Paper 3 and 4 will be of 2 hours

Question Type

Paper 1 and 2 - Subjective

Paper 3 and 4 - Objective

Marks

Each paper will be of 100 marks.

Total marks

400

Marking scheme

For subjective (Paper 1 and 2) - NO negative marking

For objective papers (Paper 3 and 4) - ¼ mark will be deducted for every wrong answer

Medium of exam

English/Hindi except for Paper 2 (section b which will be in English only)

Paper 1 - Principles and Practice of Accounting

Marks: 100

Weightage

I

Theoretical Framework

5-10%

II

Accounting Process

25-30%

Bank Reconciliation Statement

Inventories

Concept and Accounting of Depreciation

III

Accounting for Special Transactions

15-20%

IV

Final Accounts of Sole Proprietors

30-40%

Partnership Accounts

Financial Statements of Not-for-Profit Organisations

V

Introduction to Company Accounts

10-15%

Paper 2: Business Laws and Business Correspondence and Recording

Marks - 100

Section A: Business Laws (60 Marks)

I

The Indian Contract Act, 1872

25-35%

II

The Sale of Goods Act, 1930

20-25%

III

The Indian Partnership Act, 1932

20-25%

IV

The Limited Liability Partnership Act, 2008

5-10%

V

The Companies Act, 2013

15-20%

Section B: Business Correspondence and Recording (40 Marks)

I

Communication

10-15%

II

Sentence Types and Vocabulary

20-30%

Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal verbs, Collocations and Idioms

III

Comprehension Passages and Note-Making

20-30%

IV

Developing Writing Skills

35-40%

Paper 3 - Business Mathematics, Logical Reasoning and Statistics

Marks - 100

Part A- Business Mathematics (40 Marks)

I

Ratio and Proportion, Indices and Logarithms

20-30%

Equations and Matrices

Linear Inequalities

II

Time Value of Money

30-40%

III

Permutations and Combinations

30-50%

Sequence and Series

Sets, Relations and Functions

Basic applications of Differential and Integral calculus

Part B- Logical Reasoning (20 Marks)

IV

Number series coding and Decoding and the odd man out

60-70%

Direction Tests

Seating Arrangements

V

Blood Relations

30-40%

Syllogism

Part C- Statistics (40 Marks)

VI

Statistical Representation of Data, Diagrammatic representation of data, Frequency distribution, Graphical representation of Frequency Distribution in the form of Histogram, Frequency, Polygon, Ogive, Pie-chart

45-50%

Measures of Central Tendency and Dispersion: Mean, Median and Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Coefficient of Variation, Coefficient of Quartile Deviation

VII

Probability: Independent and dependent events; mutually exclusive events.Total and Compound Probability; Bayes’ theorem; and Mathematical Expectation

25-30%

Theoretical Distribution: Binomial Distribution, Poisson distribution–basic application and Normal Distribution – basic applications.

VIII

Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank, Correlation, Regression lines, Regression equations and Regression coefficients

10-15%

IX

Index Numbers and Time series

10-15%

Paper 4 - Business Economics and Business and Commercial Knowledge

Marks - 100

Part 4A- Business Mathematics (60 Marks)

I

Introduction to Business Economics

15-20%

II

Theory of Demand and Supply

35-40%

Theory of Production and Cost

III

Price Determination in Different Markets

25-30%

IV

Business Cycles

15-20%

Part 4B- Business & Commercial Knowledge (40 Marks)

V

Introduction to Business

15-18%

VI

Business Environment

15-18%

VII

Business Organizations

15-20%

VIII

Government Policies for Business Growth

15-18%

IX

Organizations Facilitating Business

15-18%

X

Common Business Terminologies

15-18%

Paper name

Download link

Principles and Practice of Accounting

Click here

Business Laws and Business Correspondence and Reporting

Click here

Business Mathematics, Logical Reasoning and Statistics

Click here

Business Economics and Business and Commercial Knowledge

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