Introduction:
The Chartered Accountant (CA) Foundation Course is a crucial step in the journey towards achieving the prestigious CA designation. In 2024, aspiring candidates can expect a comprehensive examination pattern and syllabus designed to test their knowledge and skills across various domains of accountancy and business.
Exam Pattern:
- Level 1: Paper 1 & Paper 2
- Paper 1: Principles and Practice of Accounting (100 Marks)
- Based on the paper, it determines the candidate’s understanding of the accounting principles, preparation, and presentation of financial statements, and various accounting standards.
- Paper 2: Business Law & Business Correspondence and Reporting (100 Marks)
- The same paper counts the topics concerned with business laws, business ethics, communication skills, and the basics of business correspondence.
- Level 2: Paper 3 & Paper 4
- Paper 3: Business Mathematics, Logical Reasoning, and Statistics (100 Marks)
- This paper evaluates the proficiency of the candidates in mathematical concepts, logical reasoning, and statistical techniques.
- Paper 4: Business Economics & Business and Commercial Knowledge (100 Marks)
- This paper is concerned with economics, microeconomics, macroeconomics, and business and commercial knowledge.
Curriculum Overview:
- Principles and Practice of Accounting:
- Introduction to accounting principles
- Preparation and presentation of financial statements
- Accounting for special transactions
- Partnership accounts and accounting for special transactions
- Introduction to company accounts
- Business Laws and Business Correspondence and Reporting:
- Indian Contract Act, 1872
- Sale of Goods Act, 1930
- Negotiable Instruments Act, 1881
- Basics of Company Law
- Communication skills
- Business Mathematics, Logical Reasoning, and Statistics:
- Ratio and proportion, indices, logarithms
- Equations and matrices
- Time value of money
- Permutations and combinations
- Statistical description of data
- Business Economics and Business and Commercial Knowledge:
- Introduction to micro and macro economics
- Theory of demand and supply
- Subjects Covered In CA Foundation New Syllabus 1. Principles and Practice of Accounting 2. Business Laws 3. Quantitative Aptitude 4. Business EconomicsTheory of production and cost
- Price determination in different markets%MCEPASTEBIN%
- Basics of business and commercial knoW
CA Foundation New Syllabus Papers 2024
In the new syllabus of CA Foundation, under the new ICAI scheme, the following papers have been included :
| S.NO | PAPER NAME | MARKS | TYPE OF QUESTIONS |
| PAPER 1 | Accounting | 100 marks | objective |
| PAPER 2 | business law | 100 marks | objective |
| PAPER 3 | Quantitative Aptitude: Part A: Business Mathematics Part B: Logical Reasoning Part C: Statistics | 100 Marks Part A: 40 Marks Part B: 20 Marks Part C: 40 Marks | subjective |
| PAPER 4 | Business Economics | 100 marks | subjective |
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basic details of CA foundation course 2024
| exam name | CA FOUNDATION |
| LEVEL OF EXAM | NATIONAL LEVEL |
| Frequency of Exam | June 2024 | OCTOBER 2024 |
| Mode Of Exam | Offline (Pen and Paper Based |
| Mode Of Registration | ONLINE |
| Number Of Papers | 4 |
| Medium of Exam | English/ Hindi(English compulsory for Section B of Paper 2) |
| Basic Eligibility | Passed Class 12 or Appearing for Class 12 in Current Year |
Frequently Asked Questions (FAQs) regarding the CA Foundation Course’s
Q1. What is the CA Foundation exam?
Ans: CA Foundation exam is the first stage or the entry-level exam to become a Chartered Accountant. It is conducted by ICAI, This is the first step after passing Class 12 to become a Chartered Accountant. However, candidates also have to qualify for the Intermediate, and Final stage after this.
Q2. Is CA Foundation Easy?
Ans: CA Foundation replaced CA CPT exam and it is an exam of higher difficulty level compared to CA CPT. Very few candidates qualify for this exam.
Q3. Who is Eligible for CA Foundation?
Ans. Eligibility criteria are engraved above however the main points are, only 12th Pass candidates are eligible for this exam, but Graduates, Post-Graduates, and other equivalent qualifications can’t apply for the exam.
Q4.Is CA Foundation easy to pass?
The difficulty level of CA Foundation papers is usually easy to moderate as compared to Intermediate and Final levels, as Foundation is the initial level of the Chartered Accountancy course. However, CA Foundation is a tough course in its own
Conclusion:
The Chartered Accountant Foundation Course 2024 presents aspiring candidates with an opportunity to lay a strong foundation for their career in accountancy. With a clear understanding of the exam pattern and syllabus, coupled with diligent preparation, candidates can aim to excel in the examination and embark on a successful journey towards becoming a Chartered Accountant.