CA Foundation

Check Out the CA Foundation Subjects List 2021

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Are you looking for the latest CA Foundation subjects list for May 2021 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 2021 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 2021, CA Foundation Marking Scheme, Subjects in CA Foundation, CA Foundation Syllabus, and many more updates. 

Important Updates- ICAI has finally announced the CA Foundation May 2021 Examination Dates. CA Foundation May 2021 Examination is going to held between 24th June 2021 to 30th June 2021. Students can now fill the CA Foundation Application Form for May 2021 Examination. 

ICAI CA Foundation Paper Pattern 2021

Below is the Updated ICAI CA Foundation Paper pattern 2021 examination.

Exam ModeOffline
Exam MediumEnglish or Hindi

(English compulsory for Section B of Paper 2)

Type of questionsPaper 1 and 2- Subjective/ Long answer type

Paper 3 and 4- Objective

Maximum marks400 (100 per paper)
Negative markingPaper 3 and 4: -1/4th mark for every wrong answer to the objective questions
Passing criteria40% marks per paper

50% marks overall

CA Foundation Subjects List 2021

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

ChapterChapter Names
1Theoretical Framework
2Accounting Process
3Bank Reconciliation Statement
4Inventories
5Concept and Accounting of Depreciation
6Accounting for Special Transactions
7Final Accounts of Sole Proprietors
8Partnership Accounts
9Financial Statements of Not-for-Profit Organizations
10Introduction to Company Accounts

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)

ChapterChapter Names
1The Indian Contract Act, 1872
2The Sale of Goods Act, 1930
3The Indian Partnership Act, 1932
4The Limited Liability Partnership Act, 2008
5The Companies Act, 2013

Section B- Business Correspondence and Reporting Syllabus (40 Marks)

Part/SectionChapters
Part – I: Communication1. Communication
Part – II: Sentence Types and Word Power2. 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 Making4. Comprehension Passages
5. Note Making
Part – IV: Developing Writing Skills6. 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 –3: BUSINESS MATHEMATICS, LOGICAL REASONING, AND STATISTICS

Part – A. Business Mathematics (40 Marks)

ChapterChapter Names
1Ratio and Proportion, Indices and Logarithms
2Equations and Matrices
3Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.
4Time value of Money
5Permutations and Combinations
6Sequence and Series
7Sets, Relations, and Functions
8Basic applications of Differential and Integral calculus (Excluding the trigonometric

applications), Applications of Marginal Cost and Marginal Revenue, etc.

Part – B: Logical Reasoning (20 Marks)

ChapterChapter Names
1Number Series, Coding and Decoding and the odd man out
2Direction Tests
3Seating Arrangements
4Blood Relations
5Syllogism

Part – C: Statistics (40 Marks)

ChapterChapter Names
1The statistical description of Data
2Measures of Central tendency and Dispersion
3Probability
4Theoretical Distributions
5Correlation and Regression
6Index Numbers and Time Series

Paper – 4: BUSINESS AND COMMERCIAL KNOWLEDGE

Part I: Business Economics (60 Marks)

ChapterChapter Names
1Introduction to Business Economics
2Theory of Demand and Supply
3Theory of Production and Cost
4Price Determination in Different Markets
5Business Cycles

Part – II: Business and Commercial Knowledge (40 MARKS)

ChapterChapter Names
1Business and Commercial Knowledge – An Introduction
2Business Environment
3Business Organizations
4Government Policies for Business Growth
5Organizations Facilitating Business
6Common Business Terminologies

CA Foundation Subjects 2021- Marks Distribution

PapersCA Foundation SubjectsMarks Distribution
Paper 1Principles and Practices of Accounting100 Marks
Paper 2Business Laws and Business Correspondence and reporting

1. Business Laws

2. Business Correspondence and Reporting

100 Marks

(60 Marks)

(40 Marks)

Paper 3Business Mathematics and Logical Reasoning and Statistics.

1. Business Mathematics

2. Logical Reasoning

3. Statistics

100 Marks

(40 Marks)

(20 Marks)

(40 Marks)

Paper 4Business 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 2021

The CA foundation paper pattern 2021 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 2021

ICAI has announced the latest CA Foundation syllabus for 2021 examinations. Download the CA foundation syllabus in PDF format. 

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. 

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