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The Institute of Chartered Accountants of India (ICAI) has notified the CA Foundation syllabus 2024 under the new scheme of education and training on July 1, 2023. Candidates planning to appear for CA Foundation 2024 must take of the new changes and additions in the CA Foundation 2024 syllabus. The syllabus of CA Foundation under the new scheme is available on the official ICAI website - icai.org. CA Foundation June 2024 is the first exam to be held under CA Foundation new scheme syllabus. ICAI has further notified that from June 2024, CA Foundation will be held thrice a year in January, June, and September sessions.
The first CA Foundation exam under the new ICAI scheme will be conducted from June 20-26, 2024. Candidates should take note of the new syllabus of CA Foundation exam and develop a preparation strategy accordingly. Read the full article to know all details about the CA Foundation new syllabus under the ICAI new scheme, CA Foundation May 2024 syllabus including all the subjects and important topics.
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In the new syllabus of CA Foundation 2024, under the new ICAI scheme, the following papers have been included :
Sl. No | Paper Name | Marks | Type of Questions |
---|---|---|---|
Paper 1 | Accounting | 100 Marks | Subjective |
Paper 2 | Business Laws | 100 Marks | Subjective |
Paper 3 | Quantitative Aptitude: Part A: Business Mathematics Part B: Logical Reasoning Part C: Statistics | 100 Marks Part A: 40 Marks Part B: 20 Marks Part C: 40 Marks | Objective |
Paper 4 | Business Economics | 100 Marks | Objective |
Given below is a table containing the detailed ICAI CA Foundation new scheme syllabus for each of the papers mentioned above. The details also contain the important topics for each of the CA Foundation subjects.
Objective: To develop an understanding of the basic concepts and principles of accounting and apply the same in preparing financial statements and simple problem-solving. | |
Topics | Sub Topics |
Theoretical Framework |
|
Accounting Process |
|
Bank Reconciliation Statement | Introduction, reasons and preparation of bank reconciliation statement |
Inventories | Meaning, basis and technique of inventory valuation, cost of inventory, net realisable value and record system |
Depreciation and Amortisation | Tangible and intangible assets- meaning & difference, concepts,methods of computation and accounting treatment of depreciation/amortisation,change in depreciation method |
Bills of Exchange and Promissory Notes | Meaning of bills of exchange and promissory notes and their accounting treatment; accommodation bills. |
Preparation of 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 |
Financial Statements of Not-for-Profit Organizations | Significance and preparation of receipt and payment account, income and expenditure account and balance sheet, difference between profit and loss account and income and expenditure account |
Accounts from Incomplete Records (excluding preparation of accounts based on ratios). | - |
Partnership And LLP Accounts |
|
Company Accounts |
|
Objective: To develop general legal knowledge of the law of Contracts, Sales and understanding of various forms of businesses and their functioning to regulate business environment and toacquiretheabilitytoaddress basic application-oriented issues | |
Topics | Sub Topics |
Indian Regulatory Framework | Major Regulatory Bodies such as the Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice, etc. |
The Indian Contract Act, 1872 | General Nature Of Contract, Consideration, Other essential elements of a valid contract,Performance Contract,Breach Of Contract, Contingent and Quasi Contract, Contract of Indemnity and Guarantee, Contract of Bailment and Pledge, Contract of Agency |
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 organisations |
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 |
The Negotiable Instruments Act, 1881 | Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentment of Instruments, Rules of Compensation |
Objective:
| |
Topics | Sub Topics |
Part A: Business Mathematics | |
Ratio and proportion, Indices and Logarithms | Ratio and proportion and Time and work-related problems, Laws of Indices, Exponents and Logarithms and AntiLogarithms |
Equations | Linear Equations Upto Three Variables, Quadratic and Cubic equations in one variable. Applications in Business Related Problems. |
Linear Inequalities | Linear Inequalities in one and two variables and the solution space |
Mathematics of Finance |
|
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,RelationshipbetweenAMandGMandSumofntermsofspecialseriesand BusinessApplications |
Sets, Relations, and Functions. Basics of Limits and Continuity Functions | |
Basic applications of Differential and Integral calculus in Business and Economics (Excluding the trigonometric applications) | |
Part B: Logical Reasoning | Number series coding and Decoding and odd man out, Direction Tests, Seating Arrangements, Blood Relations |
Part C: Statistics | |
Statistical Representation of Data | Diagrammatic representation of data, Frequency Distribution, Graphical representation of Frequency Distribution–Histogram, Frequency Polygon, Ogive, Pie-chart |
Sampling | Basic principles of sampling theory, comparison between sample survey and complete enumeration, some important terms associated sampling type of sampling,sampling and non-sampling errors. |
Measures of Central tendency and Dispersion | Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Coefficient of Variation, Coefficient of Quartile Deviation |
Probability | Independent and dependent events;mutually exclusive events.Total and Compound Probability and Bayes Theorem |
Theoretical Distributions | Random variables, Discrete and Continuous Random variables, Expectation of a discrete random variable, Theoretical Distributions:Binomial Distribution, Poisson distribution–basic application and Normal Distribution–basic applications |
Correlation and Regression | Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations,Regression coefficients |
Index Numbers | Uses of Index Numbers, Problems involved in construction Index Numbers,Methods of construction of Index Numbers.BSE SENSEX NSE |
Also Read: How to Prepare for CFA Level 1 Exam 2023? - Preparation Tips & tricks
Objective: To develop an understanding of the concepts and theories of Economics and to acquire the ability for addressing application-oriented issues | |
Topics | Sub Topics |
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 |
|
Theory of Production and Cost |
|
Price Determination in Different Markets |
|
Determination of National Income |
|
Business Cycles | Meaning, Phases, Features, Causes behind these Cycles |
Public Finance |
|
Money Market |
|
International Trade |
|
Indian Economy |
|
A candidate would be said to have passed the Foundation examination, if he or she obtains in one sitting a minimum of 40% marks in each paper and minimum of 50% marks in the aggregate of all the papers.
Paper 1 and 2 are objective-type papers and will have negative marking as will be notified later. Papers 3 and 4 are subjective type papers.
Here are some useful preparation tips to help one to start their preparation for the CA Foundation exam:
Know the Syllabus: Understand the CA Foundation syllabus well. Even though the number of papers is the same, one must go deeper to see what topics have been included or excluded from the curriculum and prepare accordingly
Start Early: Now that all details about the syllabus of the CA foundation exam is available, one should start their preparations. Starting early will provide enough time at the back end for revision and practice.
Refer Right Study Material and Books: ICAI makes available study material for CA foundation on the website. Candidates can refer to it for the CA preparations. Additionally, candidates can also refer to good books for the CA Foundation exam and develop a good understanding.
Mock Test: Practise with mock tests and simulate real exam experience to improve performance at the time of exam. ICAI also provides CA Foundation mock tests on its website which candidates can attempt to solve.
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The new syllabus was released by ICAI on July 1, 2023
The first CA Foundation exam under ICAI's new scheme for education and training is from June 20-26, 2024.
There are 4 papers in the new syllabus of CA Foundation course.
In the CA foundation exam each paper is of 100 marks.
If you chose chartered accountant (CA), then you have to write several exams and practical training. Here are some exams to write in your road to pursue CA, that are conducted by ICAI.
Dear aspirant !
Hope you are doing well !
CA Foundation Exam Pattern 2024 – Details
Candidates must successfully clear their 10th and 12th exams from a recognized educational institute . Also, the minimum mark they need to attain in their 12th standards is 50% aggregate. There is no age restriction to apply for the CA foundation.
The details of this exam is given below ;-
Hope it helps you !
Thanking you !!
A breach of contract refers to the failure of one party to fulfill its responsibilities under the terms of a contract, that leads to legal consequences and potential remedies for the non breaching party. In simple terms, it's when one party doesn't do what they promised to do in a contract.
A breach of contract can take various forms, including:
Hello,
I'm assuming you mean that you wrote wrong question booklet number in CA Foundation Maths exam and then corrected it using a whitener and wrote the correct number over it. If this is the case, then you don't need to worry as such mistakes happen a lot among students every year and as we cannot replace the OMR sheet, the invigilators suggest to use whiteners.
It's perfectly normal and acceptable. You need not worry about anything.
Hope this helps,
Thank you
Hello aspirant,
Due to unforeseen circumstances, the Institute of Chartered Accountants of India (ICAI) has changed the exam dates for the CA Foundation 2023 December session. The CA Foundation December 2023 exam will be held on December 31, 2023, and January 2,4,6, 2024, according to the updated CA Foundation timetable. Registration for the December 2023 session of the ICAI CA Foundation is currently closed. The CA Foundation June 2023 results had already been made public by the institute on August 7, 2023. A new education and training programme has also been announced by ICAI, and it will go into effect on July 1st, 2023.
For more information you can visit our site by clicking on the link given below.
https://finance.careers360.com/articles/ca-foundation-important-dates
Thank you
Hope this information helps you.
Budget analysis, in a nutshell, entails thoroughly analyzing the details of a financial budget. The budget analysis aims to better understand and manage revenue. Budget analysts assist in the achievement of financial targets, the preservation of profitability, and the pursuit of long-term growth for a business. Budget analysts generally have a bachelor's degree in accounting, finance, economics, or a closely related field. Knowledge of Financial Management is of prime importance in this career.
The invention of the database has given fresh breath to the people involved in the data analytics career path. Analysis refers to splitting up a whole into its individual components for individual analysis. Data analysis is a method through which raw data are processed and transformed into information that would be beneficial for user strategic thinking.
Data are collected and examined to respond to questions, evaluate hypotheses or contradict theories. It is a tool for analyzing, transforming, modeling, and arranging data with useful knowledge, to assist in decision-making and methods, encompassing various strategies, and is used in different fields of business, research, and social science.
A Researcher is a professional who is responsible for collecting data and information by reviewing the literature and conducting experiments and surveys. He or she uses various methodological processes to provide accurate data and information that is utilised by academicians and other industry professionals. Here, we will discuss what is a researcher, the researcher's salary, types of researchers.
Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues.
A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product.
A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.
A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans.
A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software.
The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.
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