How to take revision test papers to evaluate CA Foundation subject 2024?

ICAI official site provides revision test papers and suggested answers to evaluate the subject of CA Foundation

Which paper is difficult to study and to cover the syllabus of the CA Foundation exam?

Toughness of the subject differs among individuals. A subject which is difficult for one person will be easy for the other person to cover the syllabus. So, candidates who applied for CA Foundation 2024 should study and make sure of all the four papers.

CA Foundation Subjects 2024 with Name: How Many Subjects Are There Really?

The Institute of Chartered Accountants of India determines the subjects for CA Foundation course along with official notification. Candidates who are going for CA foundation registration should know about the CA Foundation subjects 2024. Read the article to explore more about ICAI Foundation subjects and syllabus related to the exam.

Latest on July 29, 2024:

CA Foundation June 2024 Results Declared. Check now.
CA Inter & Foundation September 2024 exam date out

CA Foundation Subjects Details at a Glance

ICAI has included four papers for the CA Foundation exam. They are Principles and Practice of Accounting, Business Laws and Business Correspondence & Reporting, Business Mathematics, Logical Reasoning & Statistics and finally Business Economics and Business and Commercial Knowledge.

Name of Subject	Duration	Type of Questions
Paper 1 Principles & Practice of Accounting	3 hours	Subjective
Paper 2 Business Laws and Business Correspondence and Reporting	3 hours	Subjective
Paper 3 Business Mathematics, Logical Reasoning & Statistics	2 hours	Objective
Paper 4 Business Economics and Business and Commercial Knowledge	2 hours	Objective

Paper 1 Principles and Practice of Accounting

The topics included in the paper are divided into two modules. Module 1 includes 6 chapters and Module 2 includes 4 chapters that are to be covered for the CA Foundation 2024 exam date. Duration of paper 1 is about three hours and total marks of the paper is 100

Module 1

Chapter 1 – Theoretical Framework
Chapter 2 – Accounting Process
Chapter 3 – Bank Reconciliation Statement
Chapter 4 – Inventories
Chapter 5 – Concept & Account of Depreciation
Chapter 6 – Accounting for Special Transactions

Module 2

Chapter 7 – Preparation of Final Accounts of Sole Proprietor
Chapter 8 – Partnership Accounts
Chapter 9 – Financial Statements of Not-for-profit Organisations
Chapter 10 – Company Accounts

Paper 2 Business Laws and Business Correspondence and Reporting

The paper includes two sections. They are:

Business Laws
Business Correspondence & Reporting

Following topics are included under Business laws and Business correspondence & Reporting. Duration of the exam is 3 hours with subjective types of questions to be answered for 100 marks. Candidates may choose suitable CA Foundation books 2024 that covers above topics.

Business Laws

Chapter 1 – The Indian Contract Act
Chapter 2 – The Sale of Goods Act
Chapter 3 – The Indian Partnership Act
Chapter 4 – The Limited Liability Partnership Act
Chapter 5 – The Companies Act

Business Correspondence & Reporting

Chapter 1 – Communication
Chapter 2 – Sentence types, Active-passive voice, Direct – Indirect speech
Chapter 3 – Vocabulary
Chapter 4 -Comprehension Passages
Chapter 5 – Note Making
Chapter 6 – Introduction to Basics of Writing
Chapter 7 – Precis Writing
Chapter 8 – Article Writing
Chapter 9 – Report Writing
Chapter 10 – Formal Letters & Official Communications
Chapter 11 – Writing Formal Mails
Chapter 12 – Resume Writing
Chapter 13 – Meetings

Paper 3 Business Mathematics, Logical Reasoning & Statistics

This paper includes three parts and individual topics included in each part. CA Foundation syllabus 2024 includes the following topics to be covered. Duration of the exam is 2 hours and the exam is conducted for 2 hours with objective types of questions.

Business Mathematics

Chapter 1 – Ratio, Proportion, Indices & Logarithms
Chapter 2 – Equations
Chapter 3 – Linear Equalities
Chapter 4 – Time Value of Money
Chapter 5 – Basic Concepts of Permutation & Combination
Chapter 6 – Sequence & Series – Arithmetic & Geometric Progression
Chapter 7 – Sets, Functions & Relations
Chapter 8 – Basic Concepts of Differential & Integral Calculus

Logical Reasoning

Chapter 9 – Number Series, Coding & Decoding and Odd Man Out
Chapter 10 – Direction Tests
Chapter 11 – Seating Arrangements
Chapter 12 – Blood Relations

Statistics

Chapter 13 – Statistical Description of Data
Chapter 14 – Measures of Central Tendency & Dispersion
Chapter 15 – Probability
Chapter 16 – Theoretical Distributions
Chapter 17 – Correlation & Regression
Chapter 18 – Index Numbers

Paper 4 Business Economics and Business and Commercial Knowledge

This paper includes two divisions Business Economics; Business and Commercial Knowledge. Duration of the exam is 2 hours with objective type of questions to be asked for 100 marks. Business economics includes six chapters whereas Business and Commercial Knowledge comprises 6 chapters. They are as follows:

Business Economics

Chapter 1 – Nature and Scope of Business Economics
Chapter 2 – Theory of Demand & Supply
Chapter 3 – Theory of Production and Cost
Chapter 4 – Price Determination in Different Markets
Chapter 5 – Business Cycles

Business & Commercial Knowledge

Chapter – 1 Introduction
Chapter – 2 Business Environment
Chapter – 3 Business Organisation
Chapter – 4 Government Policies for Business Growth
Chapter – 5 Organisations Facilitating Business
Chapter – 6 Common Business Technologies

Candidates should cover the above said topics and make sure that the concepts are understood without doubts. To attain a better CA Foundation result 2024, it is necessary to cover all the topics.

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FAQs Related to CA Foundation Subjects 2024

How to take revision test papers to evaluate CA Foundation subject 2024?
ICAI official site provides revision test papers and suggested answers to evaluate the subject of CA Foundation
What are the subjects included in the CA Foundation course?
CA Foundation exam includes four papers Principles and Practice of Accounting, Business Laws and Business Correspondence and Reporting, Business Mathematics, Logical Reasoning and Statistics.
Which paper is difficult to study and to cover the syllabus of the CA Foundation exam?
Toughness of the subject differs among individuals. A subject which is difficult for one person will be easy for the other person to cover the syllabus. So, candidates who applied for CA Foundation 2024 should study and make sure of all the four papers.