CA Foundation Syllabus 2021 for Dec Session - Subject Wise New Syllabus
CA Foundation Syllabus 2021- The Institute of Chartered Accountants releases the CA foundation 2021 syllabus on its official website. The syllabus is available on the ICAI board of studies knowledge portal under the CA Foundation course tab. The CA foundation syllabus 2021 cover details on all the four main CA Foundation subjects. CA Foundation exams for the December session were conducted from December 13 to 19, 2021.
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Candidates should refer to the CA Foundation 2021 syllabus to make a proper study plan for effective preparation. They can find CA Foundation notes pdf on ICAI website. The syllabus for CA Foundation 2021 can be downloaded in a pdf form so that it can be easily accessed for preparation. Candidates appearing for CA Foundation November 2021 can refer to the details of topics and sub-topics of CA Foundation Syllabus in the article below.
CA Foundation Subjects 2021
As per the paper pattern of CA Foundation exam, there are 4 main subjects that are to be prepared by candidates. The 4 papers for the CA Foundation course are based on these subjects. The CA foundation syllabus will explain the topic and subtopics of each subject.
Subjects included in CA Foundation 2021
PRINCIPLES AND PRACTICE OF ACCOUNTING
BUSINESS LAWS AND BUSINESS CORRESPONDENCE AND REPORTING
BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS
BUSINESS ECONOMICS AND BUSINESS AND COMMERCIAL KNOWLEDGE
CA Foundation Syllabus 2021 for December Session
ICAI has released the CA foundation syllabus as well as section-wise weightage for the exam to be conducted in December 2021. Candidates can refer to the syllabus for CA foundation 2021 given in the table below.
CA Foundation Syllabus 2021 for Paper 1 (Principles & Practice of Accounting)
1. Theoretical Framework
and contingent liabilities
2. Accounting Process
3. Bank Reconciliation Statement
Introduction, reasons, preparation of bank reconciliation statement
Cost of inventory, Net realizable value, Basis and technique of inventory valuation and record-keeping.
5. Concept and Accounting of Depreciation
Concepts, Methods of computation and accounting treatment of depreciation, Change in depreciation methods.
6. Accounting for Special Transactions
7. 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.
8. Partnership Accounts
9. Financial Statements of Not-for-Profit Organizations
10. Introduction to Company Accounts
CA Foundation Syllabus 2021 for Paper 2 (Business Law & Business Correspondence and Reporting)
Section A: Business Law
1. The Indian Contract Act, 1872
of contract, consideration
2. The Sale of Goods Act, 1930
3. The Indian Partnership Act, 1932
4. The Limited Liability Partnership Act, 2008
5. The Companies Act, 2013
SECTION B: Business Correspondence and Reporting
2. Sentence Types (Direct-Indirect, Active -Passive Speech)
(i) Sentence: Definition
(ii)Types of sentences as per connotations
(iii) Sentence Structure
- Independent clauses
- Dependent clauses
- Relative or noun clauses
(iv) Types of sentences
(v) Direct-Indirect Speech
- Rules for converting Direct speech into Indirect speech
- Change in pronouns
- Change in tenses
- Change in modals
- Changes for Imperative sentences
- Changes for Exclamatory sentences
- Changes for Interrogative sentences
- Punctuation in Direct speech
vi) Active Passive Voice: Introduction
vii) Verbs Voice Active or passive
3. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations and Idioms.
4. Comprehension Passages
5. Note Making
-Use of abbreviations
6. Introduction to Basic Writing
7. Précis Writing
8. Article Writing
b) By- Writer’s Name
- Main Idea-Support
9. Report Writing
a) Reporting for a Meeting/Assembly
b) Reporting for a Newspaper
c) Reporting for a Magazine
b) By- Writer’s Name
c) Place, Date
e) Tips and Conventions of Report Writing
f) Sample Reports
10. Writing Formal Letters
d) Promotional Content
d) Body of the letter
- First paragraph
- Second paragraph
e) Complimentary Closure
11. Writing Formal Mails
a) Subject line
b) Formal Greetings
c ) Target Audience(Reader)
d) Clarity and Conciseness
e) Formal Closing
12. Resume Writing
a) Name and contact details
b) Objective Summary
c) Academic Qualifications and Achievements
d) Co-curricular Achievements
e) Training Programs attended/completed
CA Foundation Syllabus 2021 for Paper 3 (Business Mathematics, Logical Reasoning and Statistics)
Section A: Business Mathematics
1. Ratio and Proportion, Indices and Logarithms
2. Equations and Matrices
3. Linear Inequalities with Objective Functions and Optimization w.r.t. Objective function.
4. Time value of Money
a) Nominal Rate of Return
b) Effective Rate of Return
c) Compound Annual growth rate( CAGR)
5. Permutations and Combinations
Basic concepts of Permutations and Combinations: Introduction, the Factorial, Permutations,
results, Circular Permutations, Permutations with restrictions, Combinations with standard
6. Sequence and Series
7. Sets, Relations and Functions
8. Basic applications of Differential and Integral calculus
(Excluding the trigonometric
Section B: Logical Reasoning
1. Number series, Coding and Decoding and the odd man out.
2. Direction Tests
3. Seating Arrangements
4. Blood Relations
Section C: Statistics
1. Statistical description of Data
2. Measures of Central tendency and Dispersion
Probability: Independent and dependent events; mutually exclusive events. Total and Compound Probability and Mathematical Expectation.
4. Theoretical Distributions
Theoretical Distributions: Binomial Distribution, Poisson distribution – Basic application
and Normal Distribution – Basic applications.
5. Correlation and Regression
6. Index Numbers and Time Series
CA Foundation Syllabus 2021 for Paper 4 (Business Economics and Business and Commercial Knowledge)
Section A: Business Economics
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
Section B: Business and Commercial Knowledge
1. Business and Commercial Knowledge – An Introduction
2. Business Environment
3. Business Organizations
Overview of selected Indian and Global Companies.
4. Government Policies for Business Growth
5. Organizations Facilitating Business
6. Common Business Terminologies
Chartered accountancy students should always stay updated with the commercial world by reading one financial newspaper and a business magazine regularly. Watching a business channel is also a good method to stay updated with all the progress in the commercial world. Candidates should also keep on referring to the CA foundation syllabus to brush up their knowledge and conceptual understanding.
CA Foundation Exam Pattern 2021
To prepare an effective study plan, it is essential to be aware of the CA foundation exam pattern. The main aspects of the CA foundation 2021 exam pattern are given in the table below.
CA Foundation Exam Pattern
Duration of exam
Level of exam
Frequency of exam
Twice a year
Number of papers
Medium of exam
English/Hindi except for Section (b) of paper 2 (English only)
CA foundation marking scheme
Paper 1 and 2- No negative marking
Paper 3 and 4: 1/4th mark will be deducted
Type of question
Paper 1 and 2- Subjective
Paper 3 and 4- Objective
400 in 4 papers
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Frequently Asked Question (FAQs) - CA Foundation Syllabus 2021 for Dec Session - Subject Wise New Syllabus
Question: What are the 4 CA foundation subjects in the syllabus for CA foundation?
The four subjects for CA foundation 2021 are given below:
1: Principles and Practice of Accounting
2: Business Laws and Business Correspondence and Reporting
3: Business Mathematics and Logical Reasoning & Statistics
4: Business Economics and Business and Commercial Knowledge.
Question: Will there be any negative marking in the subjective section of the CA foundation exam?
No, there is no negative marking in Paper 1 and 2, subjective section.
Question: I have completed registration for CA foundation course. Will I be eligible for online books based on the CA foundation syllabus?
Question: Can I clear the CA foundation exam without any coaching with the institute?
Candidates who wish to clear the CA foundation exam without coaching need to self-study for 4 months at least.
Question: Is the CA foundation exam MCQ based?
Paper 1 and 2 of the CA foundation exam is subjective and Paper 3 and 4 is objective.
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Questions related to CA Foundation Exam
I made a mistake in shading the buble of OMR sheet in question booklet no. in ca foundation exam economics and then rectified it with the whitner while the no. in boxes is correctly written will it couse any problem ? P.S. i had rectified with whitner and also no. in boxes is properly written
Technically use of the Whitener in the OMR sheets can be problematic as many times the OMR machines can't interpret the details. Now as you have number written in it, then your copy is less likely to face any problem as it would be forwarded to manual checking. So don't worry and technically your copy will not be cancelled or have to face any problem.
To know more about Chattered Accountant, visit the link below:
I hope this answer helps. All the very best for your future endeavors!
how to find our Registeration number?
It seems bit incomplete, please mention about which one your registration number is lost? Registration number of DU entrance, Or JEE or NEET? Please mention in detail.
i registered for foundation exam for december 2021 but at the end moment could not appear for the exam due to some health issues i want to register for foundation may 2022 but i cannot figure out how can you help me for the same
Hope you are doing well,CA foundation exam held twice in a year in the month of december and May. candidate can give ca foundation exam 6 times in 3 consecutive year after registration.
If you are not given exam in December no worries you can give it in may month by just filling examination form when it comes.no need to register for it again because it is valid for 3 years.
To boost up your preparation click link
what is the registration date for CA Foundation (MAY 2022)
According to guidelines of ICAI candidates who wants to appear for foundation examination in May (june) 2022 can register before 1st day of January 2022.
Candidates can register for foundation course after passing 10th examine. But Candiates can give foundation exam only after passing 12 th standard.
Hope it helps you
In omr sheet I have written wrong question paper booklet number, and rest of details are correct in ca foundation exam today (I.e., Dec 17,2021)
Dear aspirant hope you are doing well. As you know omr sheets are checked by computer based. So chances are that your omr sheet/ answers will checked according to your question booklet no. If it will checked manually, then it doesn't have a problem. Hope for the best.