CA Foundation Syllabus 2019 - The Institute of Chartered Accountants of India (ICAI) released the CA Foundation 2019 syllabus for the candidates of the upcoming November session. According to the syllabus of CA Foundation 2019 released by authorities, there will be 4 CA Foundation subjects, namely- Principles and Practice of Accounting, Business Laws, Business Correspondence & Recording, Business Mathematics, Logical Reasoning & Statistics, and Business Economics, Business & Commercial Knowledge. The paper-wise CA Foundation syllabus 2019 contains the subjects and topics that will be assessed in the November session. It is essential for candidates to check the CA Foundation syllabus before starting their preparation to prevent wasting time on topics which are not necessary. CA Foundation 2019 will be conducted offline, and as per the CA Foundation subjects, Paper 1 and 2 will consist of long answer questions whereas Paper 3 and 4 will contain MCQs. For more details regarding the syllabus of CA Foundation 2019, read the full article below.
Important Note: After the May 2019 session, CA Foundation has completely replaced CA CPT as the entry-level exam for Chartered Accountancy course.
Along with the syllabus, being well-versed with the CA Foundation 2019 exam pattern also plays a pivotal role in one’s preparation and final performance in the exam. Candidates can base their preparation on the exam pattern of CA Foundation 2019 as it includes the mode of exam, type of questions, marking scheme, etc.
English or Hindi
(English compulsory for Section B of Paper 2)
Type of questions
Paper 1 and 2- Subjective/ Long answer type
Paper 3 and 4- Objective
400 (100 per paper)
Paper 3 and 4: -1/4th mark for every wrong answer to the objective questions
40% marks per paper
50% marks overall
There are 4 subjects in CA Foundation 2019. It may be noted that ICAI keeps introducing changes to the topics covered under CA Foundation subjects as and when required to keep pace with the latest amendments. Candidates are thus advised to be aware of whatever new or latest is introduced incidental to their CA Foundation subjects 2019. The syllabus covered under CA Foundation 2019 subjects should be on tips so that no relevant aspect is left out of their study schedule. Hence, the four CA Foundation subjects 2019 are as follows:
CA Foundation Subjects
Principles and Practice of Accounting
Business Laws and Business Correspondence and Recording
Business Economics and Business and Commercial Knowledge
Candidates can check the syllabus of CA Foundation 2019 given in brief below. Along with the list of subjects and topics in each of the four papers, the weightage of marks is also provided. By including this in the CA Foundation 2019 syllabus, candidates can study smart and increase their chances of cracking the exam!
List of Topics
Paper 1: Principles and Practice of Accounting
Basic Accounting Ratios (Probability, Solvency, Liquidity and Turnover)
Bank Reconciliation Statement
Concept and Accounting of Depreciation
Final Accounts of Sole Proprietors
Financial Statements of Not-for-Profit Organisations
Accounting for Special Transactions
Introduction to Company Accounts
Paper 2: Business Laws and Business Correspondence and Recording
Section A: Business laws (60 marks)
The Indian Partnership Act, 1932
The Companies Act, 2013
The Indian Contract Act, 1872
The Limited Liability Partnership Act, 2008
The Sale of Goods Act, 1930
Section B: Business Correspondence and Recording (40 Marks)
Sentence Types and Vocabulary
Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal verbs, Collocations and Idioms.
Developing Writing Skills
Comprehension Passages and Note-Making
Paper 3: Business Mathematics, Logical Reasoning and Statistics
Part A- Business Mathematics (40 Marks)
Equations and Matrices
Ratio and Proportion, Indices and Logarithms
Linear Inequalities: Linear Inequalities in one variable and the solution space and optimal solution
Sequence and Series
Basic applications of Differential and Integral calculus
Permutations and Combinations
Sets, Relations and Functions
Time Value of Money
Part B- Logical Reasoning (20 Marks)
Number series coding and Decoding and odd man out
Part C- Statistics (40 Marks)
Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank, Correlation, Regression lines, Regression equations, Regression coefficients
Index Numbers and Time series
Measures of Central Tendency and Dispersion: Mean Median, Mode, Mean Deviation,Quartiles and Quartile Deviation, Standard Deviation, Co-efficient of Variation, Coefficient of Quartile Deviation
Statistical Representation of Data, Diagrammatic representation of data, Frequency distribution, Graphical representation of Frequency Distribution –Histogram, Frequency, Polygon, Ogive, Pie-chart
Probability: Independent and dependent events; mutually exclusive events.25% Total and Compound Probability; Bayes’ theorem; and Mathematical Expectation
Theoretical Distribution: Binomial Distribution, Poisson distribution–basic application and Normal Distribution – basic applications
Paper 4: Business Economics and Business and Commercial Knowledge
Part A- Business Mathematics (60 Marks)
Introduction to Business Economics
Theory of Production and Cost
Theory of Demand and Supply
Price Determination in Different Markets
Part B- Business & Commercial Knowledge (40 Marks)
Introduction to Business
Government Policies for Business Growth
Common Business Terminologies
Organizations Facilitating Business
After understanding the exam pattern and syllabus, candidates can practice from the CA Foundation 2019 study material provided by ICAI. As ICAI is known for encouraging students to refer to their material and not opt for coaching institutes, leaving out the CA Foundation study material 2019 might affect the candidates’ performance. Thus, testing one’s level of preparation by attempting the mock test papers, revision papers and question papers of CA Foundation 2019 is highly recommended.
1) Make a Time Table- This step might sound insignificant to many but it is the most crucial part. Prepare an effective but practical schedule so that you finish the syllabus on time and have time left for revision. Incorporate short breaks in between to rejuvenate.
2) Self Study- As ICAI recommends, candidates are encouraged to study on their own and not depend on coaching classes. Since CA Foundation is the first step and not as difficult as the rest of the levels, coaching is not mandatory. Moreover, ICAI has provided official CA Foundation study material and various practice papers for the candidates' reference.
3) Concentrate on Statistics and Logical Reasoning- Needless to say, math will not prove to be scoring for non-math students. Thus, they must work on strengthening their concepts in Statistics and Logical Reasoning if they do not want to lag behind.
4) Prepare Flashcards or Short Notes- Writing is a tried and tested method of retaining all that one has learnt. These flashcards will also prove helpful during the last few days before the exam for quick revision sessions.
5) Neat Presentation matters- Since two out of four papers are subjective, it is high time that candidates step up their presentation. Writing neatly to create a good first impression on the paper checker matters more since CA Foundation is a professional exam.
CA Foundation comprises of 4 subjects- Principles and Practice of Accounting, Business Laws, Business Correspondence & Recording, Business Mathematics, Logical Reasoning & Statistics, and Business Economics, Business & Commercial Knowledge.
Candidates need to score 40 marks in each CA Foundation subject and 50% overall to clear CA Foundation
The objective questions (paper 3 and 4) will carry negative marking of ¼th mark for each incorrect response.
Yes. ICAI allows candidates to use calculators in the exam hall. The calculators should be of any type with up to 6 functions, 12 digits and up to two memories.
CA CPT used to be the entry-level exam for the Chartered Accountancy course. The CA CPT paper was completely MCQ-based. The May 2019 session is the last one for CA CPT, thereby, completely being replaced by CA Foundation.
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