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Are you looking for the latest CA Foundation subjects list for June 2023 exams? Then you have landed on the correct page. From the given page students can check out the latest CA Foundation subject details. ICAI has made some changes in the CA foundation subjects and syllabus. Students will find all the details of the latest CA foundation subjects May 2023 examination. It is advised that the students should thoroughly go through the CA Foundation Subjects along with the CA Foundation Syllabus and also check the CA Foundation Chapter-wise marking scheme.
The Institute of Chartered Accountants of India is responsible for conducting the CA Foundation Examination. Students have to pass their Class 12th examination to appear in the CA Foundation Examination. Students can appear in the CA Foundation Examination in May and Nov. Before appearing in the CA Foundation examination you should have complete detail about the examination which you will find in the below article.
Below students will find all the latest updates of CA Foundation exam pattern 2023, CA Foundation Marking Scheme, Subjects in CA Foundation, CA Foundation Old Syllabus & New Syllabus, and many more updates.
ICAI CA Foundation Paper Pattern 2023
Below is the Updated ICAI CA Foundation Paper pattern 2023 examination.
| Exam Mode | Offline |
| Exam Medium | 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 |
| Maximum marks | 400 (100 per paper) |
| Negative marking | Paper 3 and 4: -1/4th mark for every wrong answer to the objective questions |
| Passing criteria | 40% marks per paper
50% marks overall |
CA Foundation Subjects List 2023
Students must be aware of the CA foundation subjects at the time of filling the CA foundation registration form. The CA foundation course consists of four subjects. The subject list for CA foundation is given below:
- Paper 1: Principles and Practices of Accounting(100 Marks)
- Paper 2: Business Laws and Business Correspondence and Reporting (100 Marks)
- Business Laws (60 Marks)
- Business Correspondence and Reporting (40 Marks)
- Paper 3: Business Mathematics and Logical Reasoning and Statistics. (100 Marks)
- Business Mathematics(40 Marks) and Logical Reasoning (20 Marks)
- Statistics (40 Marks)
- Paper 4: Business Economics and Business and Commercial Knowledge (100 Marks)
- Business Economics(60 Marks)
- Business and Commercial Knowledge (40 Marks)
Each subject is very important to clear and students have to score 40% in each subject as well as 50% in aggregate of all the subjects.
Besides the CA Foundation subjects given below are in a detailed format, go through the subjects of CA foundation very minutely.
PAPER – 1: PRINCIPLES AND PRACTICE OF ACCOUNTING
| Chapter | Chapter Names |
| 1 | Theoretical Framework |
| 2 | Accounting Process |
| 3 | Bank Reconciliation Statement |
| 4 | Inventories |
| 5 | Concept and Accounting of Depreciation |
| 6 | Accounting for Special Transactions |
| 7 | Final Accounts of Sole Proprietors |
| 8 | Partnership Accounts |
| 9 | Financial Statements of Not-for-Profit Organizations |
| 10 | Introduction to Company Accounts |
Paper – 1: Accounting of CA New Syllabus (May 2024)
| S.No. | Chapter | Units |
| 1 | Theoretical Framework | Meaning and Scope of Accounting |
| Accounting Concepts, Principles and Conventions | ||
| Capital and Revenue Expenditures and Receipts | ||
| Contingent Assets and Contingent Liabilities | ||
| Accounting Policies | ||
| Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates | ||
| Accounting Standards | ||
| 2 | Accounting Process | Basic Accounting Procedures – Journal entries |
| Ledgers | ||
| Trial Balance | ||
| Subsidiary Books | ||
| Cash Book | ||
| Rectification of Errors | ||
| 3 | Bank Reconciliation Statement | |
| 4 | Inventories | |
| 5 | Depreciation and Amortisation | |
| 6 | Bills of Exchange and Promissory Notes | |
| 7 | Preparation of Final Accounts of Sole Proprietors | Final Accounts of Non-Manufacturing Entities |
| Final Accounts of Manufacturing Entities | ||
| 8 | Financial Statements of Not-for-Profit Organisations | |
| 9 | Accounts from Incomplete Records | |
| 10 | Partnership and LLP Accounts | Introduction to Partnership Accounts |
| Treatment of Goodwill in Partnership Accounts | ||
| Admission of a New Partner | ||
| Retirement of a Partner | ||
| Death of a Partner | ||
| Dissolution of Partnership Firms and LLPs | ||
| 11 | Company Accounts | Introduction to Company Accounts |
| Issue, Forfeiture and Re-Issue of Shares | ||
| Issue of Debentures | ||
| Accounting for Bonus Issue and Right Issue | ||
| Redemption of Preference Shares | ||
| Redemption of Debentures |
PAPER – 2: BUSINESS LAWS AND BUSINESS CORRESPONDENCE AND REPORTING
This is the second paper in CA Foundation divided into Two Sections
- Section A- Business Law (60 Marks)
- Section B- Business Correspondence and Reporting Syllabus (40 Marks)
SECTION A: BUSINESS LAWS (60 MARKS)
| Chapter | Chapter Names |
| 1 | The Indian Contract Act, 1872 |
| 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 Syllabus (40 Marks)
| Part/Section | Chapters |
| Part – I: Communication | 1. Communication |
| Part – II: Sentence Types and Word Power | 2. Sentence Types (Direct-Indirect, Active -Passive Speech) |
| 3. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs,
Collocations and Idioms. |
|
| Part – III: Comprehension Passages and Note Making | 4. Comprehension Passages |
| 5. Note Making | |
| Part – IV: Developing Writing Skills | 6. Introduction to Basic Writing |
| 7. Précis Writing | |
| 8. Article Writing | |
| 9. Report Writing | |
| 10. Writing Formal Letters | |
| 11. Writing Formal Mails | |
| 12. Resume Writing | |
| 13. Meetings |
Paper – 2: Business Laws of CA New Syllabus (May 2024)
| S.No. | Chapter | Units |
| 1 | Indian Regulatory Framework | |
| 2 | The Indian Contract Act, 1872 | Nature of Contracts |
| Consideration | ||
| Other Essential Elements of a Contract | ||
| Performance of Contract | ||
| Breach of Contract and its Remedies | ||
| Contingent and Quasi Contracts | ||
| Contract of Indemnity and Guarantee | ||
| Bailment and Pledge | ||
| Agency | ||
| 3 | The Sale of Goods Act, 1930 | Formation of the Contract of Sale |
| Conditions & Warranties | ||
| Transfer of Ownership and Delivery of Goods | ||
| Unpaid Seller | ||
| 4 | The Indian Partnership Act, 1932 | General Nature of Partnership |
| Relations of Partners | ||
| Registration and Dissolution of a Firm | ||
| 5 | The Limited Liability Partnership Act, 2008 | |
| 6 | The Companies Act, 2013 | |
| 7 | The Negotiable Instruments Act, 1881 |
PAPER –3: BUSINESS MATHEMATICS, LOGICAL REASONING, AND STATISTICS
Part – A. Business Mathematics (40 Marks)
| Chapter | Chapter Names |
| 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 |
| 5 | Permutations and Combinations |
| 6 | Sequence and Series |
| 7 | Sets, Relations, and Functions |
| 8 | Basic applications of Differential and Integral calculus (Excluding the trigonometric
applications), Applications of Marginal Cost and Marginal Revenue, etc. |
Part – B: Logical Reasoning (20 Marks)
| Chapter | Chapter Names |
| 1 | Number Series, Coding and Decoding and the odd man out |
| 2 | Direction Tests |
| 3 | Seating Arrangements |
| 4 | Blood Relations |
| 5 | Syllogism |
Part – C: Statistics (40 Marks)
| Chapter | Chapter Names |
| 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 and Time Series |
Paper – 3: Quantitative Aptitude of CA New Syllabus (May 2024)
| S.No. | Parts | Chapter | Units |
| 1 | Part-A: Business Mathematics | Ratio and Proportion, Indices, Logarithm | |
| Equations | |||
| Linear Inequalities | |||
| Mathematics of Finance | |||
| Basic Concepts of Permutations and Combinations | |||
| Sequence and Series – Arithmetic and Geometric Progressions | |||
| Sets, Relations and Functions, Basics of Limits and Continuity functions | |||
| 2 | Chapter 8: Basic Applications of Differential and Integral Calculus in Business and Economics | Differential Calculus | |
| Integral Calculus | |||
| 3 | Part-B: Logical Reasoning | Number Series, Coding and Decoding and Odd Man Out | |
| Direction Tests | |||
| Seating Arrangements | |||
| Blood Relations | |||
| 4 | Part-C: Statistics | Chapter 13 | Statistical Representation of Data |
| Sampling | |||
| Measures of Central Tendency and Dispersion | Measures of Central Tendency | ||
| Dispersion | |||
| Probability | |||
| Theoretical Distributions | |||
| Correlation and Regression | |||
| Index Numbers |
Paper – 4: BUSINESS AND COMMERCIAL KNOWLEDGE
Part I: Business Economics (60 Marks)
| Chapter | Chapter Names |
| 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 (40 MARKS)
| Chapter | Chapter Names |
| 1 | Business and Commercial Knowledge – An Introduction |
| 2 | Business Environment |
| 3 | Business Organizations |
| 4 | Government Policies for Business Growth |
| 5 | Organizations Facilitating Business |
| 6 | Common Business Terminologies |
Paper – 4: Business Economics of CA New Syllabus (May 2024)
| S.No. | Chapter | Units |
| 1 | Nature & Scope of Business Economics | Introduction |
| Basic Problems of an Economy & Role of Price Mechanism | ||
| 2 | Theory of Demand and Supply | Law of Demand and Elasticity of Demand |
| Theory of Consumer Behaviour | ||
| Supply | ||
| 3 | Theory of Production and Cost | Theory of Production |
| Theory of Cost | ||
| 4 | Price Determination in Different Markets | Meaning and Types of Markets |
| Determination of Prices | ||
| Price Output Determination under Different Market Forms | ||
| 5 | Business Cycles | |
| 6 | Determination of National Income | National Income Accounting |
| The Keynesian Theory of Determination of National Income | ||
| 7 | Public Finance | Fiscal Functions: An Overview, Centre and State Finance |
| Market Failure/ Government intervention to correct Market Failure | ||
| The Process of Budget Making: Sources of Revenue, Expenditure Management and Management of Public Debt | ||
| Fiscal Policy | ||
| 8 | Money Market | The Concept of Money Demand: Important Theories |
| The Concept of Money Supply | ||
| Monetary Policy | ||
| 9 | International Trade | Theories of International Trade |
| The Instruments of Trade Policy | ||
| Trade Negotiations | ||
| Exchange Rate and Its Economic Effects | ||
| International Capital Movements | ||
| 10 | Indian Economy |
CA Foundation Subjects 2023- Marks Distribution
| Papers | CA Foundation Subjects | Marks Distribution |
| Paper 1 | Principles and Practices of Accounting | 100 Marks |
| Paper 2 | Business Laws and Business Correspondence and reporting
1. Business Laws 2. Business Correspondence and Reporting |
100 Marks
(60 Marks) (40 Marks) |
| Paper 3 | Business Mathematics and Logical Reasoning and Statistics.
1. Business Mathematics 2. Logical Reasoning 3. Statistics |
100 Marks
(40 Marks) (20 Marks) (40 Marks) |
| Paper 4 | Business Economics and Business and Commercial Knowledge
Section A: Business Economics Section B: Business and Commercial Knowledge |
100 Marks
(60 Marks) (40 Marks) |
CA Foundation Paper Pattern 2023
The CA foundation paper pattern 2023 is explained below:
- CA Foundation consists of subjects, a total of 400 marks and each subject consists of 100 marks.
- In the CA foundation course, 2 subjects are objectives and 2 subjects are subjective.
- 0.25 negative marking is done for every wrong question from an objective subject.
- Students have an option to choose between English and Hindi Medium.
- Students need to score a minimum of 40% marks in every subject and a minimum of 50% aggregate in overall subjects.
CA Foundation Syllabus 2023
ICAI will implement the latest CA Foundation syllabus under CA new scheme from 2024 examinations. Students can check the complete detail from the given link.
CA Wizard is an online portal for CA Foundation, CA Intermediate, and CA Final students. Here students will find all solutions to every problem related to CA. Students can get study materials, sample papers, registration forms, syllabus, subjects, latest updates, and many more from CA Wizard.
Frequently Asked Questions
Q1. How many subjects do students need to prepare for CA Foundation exams?
Ans: For CA foundation exams students need to study four subjects, in which 2 subjects are in a subjective pattern and 2 are in the objective pattern.
Q2. Is maths included in the CA foundation subjects?
Ans: Yes, Maths is included in the CA foundation subjects. Subjects like business maths, logical reasoning include maths topics.
Q3. How much percentage is required to clear the CA foundation exam?
Ans: Students need to score overall 50 percentage and 40 percent in every subject to clear the CA foundation exam.