ca foundation subjects

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. 

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 SubjectDurationType of Questions
Paper 1 Principles & Practice of Accounting3 hoursSubjective 
Paper 2 Business Laws and Business Correspondence and Reporting3 hoursSubjective 
Paper 3 Business Mathematics, Logical Reasoning & Statistics2 hoursObjective 
Paper 4 Business Economics and Business and Commercial Knowledge2 hoursObjective 

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

  1. 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 

  2. 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.

  3. 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.