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ICAI CA Foundation Syllabus, Exams Pattern 2024

Chartered Accountancy Course

Chartered Accountancy (CA) Course is one of the most preferred Professional Course for Commerce Students. Students of other Stream may also pursue this Course. CA Course is conducted by ICAI (Institute of Chartered Accountants of India) which is regulated by MCA (Ministry of Corporate Affairs of India).

Stages in CA Course

There are total three Stages in Chartered Accountancy Course.

  • CA Foundation
  • CA Intermediate
  • CA Final

Eligibility to appear in CA Foundation December 2024 Exams

A student after passing 10th Class may register for  CA Foundation Course. But he may appear in the CA Foundation Exams only after appearing in 12th Exams. 

Important points to Note for CA Foundation Exams

  • Student from all streams i.e Arts, Science or Commerce may join CA Course.
  • There is no minimum pass percentage in 12th required for CA Foundation.
  • CA Foundation Exams are held twice in a year i.e June & December.

CA Foundation Registration Fee as Per ICAI New Syllabus 2024

CA Foundation Registration Fee for December 2024 Exams is Rs. 9,000.

 Fee Exemptions:

  • Candidates from Union Territories of Jammu, Kashmir and Ladakh, North East States were given 75% concession in Registration Course Fee for Foundation (Rs 2250) level if they registered between  September 20, 2019 and March 31, 2022. The concession has now been extended from April 1, 2022 till March 31, 2025 and this concession is also applicable for Candidates from Andaman and Nicobar Islands registering from April 1, 2022 till 31st March, 2025.
  • Wards of deceased members have been given 75% concession in Registration Course Fee for Foundation (Rs 2250) level applicable from April 1, 2022

 Important point to Note:

  • There will be separate Examination Charges.
  • A student is required to pay Rs. 1,500 for as examination charges before the Exams on or before last date announced by ICAI. 

CA Foundation Subjects for December 2024

Paper Number Paper Name Marks
Paper 1 Accounting  100 Marks
Paper 2 Business Laws 100 Marks
Paper 3 Quantitative Aptitude Business Mathematics – 40 Marks, Logical Reasoning – 20 Marks, Statistics – 40 Marks
Paper 4 Business Economics  100 Marks

CA Foundation Paper-1 Accounting for December 2024 Exams

Contents

  1. Theoretical Framework

  • Meaning and Scope of Accounting
  • Accounting concepts, principles and
  • Capital and revenue expenditure, capital and revenue receipts, contingent assets and
  • Accounting
  • Accounting as    a    measurement     discipline    –    valuation    principles, accounting Accounting Standards – concepts and objectives.

2.  Accounting Process

  • Recording accounting transactions: principles of double entry book- keeping, books of original entry – journal, subsidiary books, cash book, ledger-format, posting from journal and subsidiary books, balancing of
  • Preparation of trial
  • Rectification of Errors

3.  Bank Reconciliation Statement

  • Introduction, reasons and preparation of bank reconciliation statement.

4. Inventories

Meaning, basis and technique of inventory valuation, cost of inventory, net realizable value and record system.

5. Depreciation and Amortization

  • Tangible  and  intangible  assets-Meaning  and  difference,  concepts,
  • Methods of computation and accounting treatment of depreciation  /  amortization, change in depreciation method.

6.   Bills of exchange and Promissory notes

  • Meaning of bills of exchange and promissory notes and
  • Their accounting treatment; accommodation bills

 

7. Preparation of Final accounts of Sole Proprietors

Elements of financial statements, closing adjustment entries, trading account, profit and loss account and balance sheet of manufacturing and non- manufacturing entities.

8.            Financial Statements of Not-for-Profit Organizations

  • Significance and preparation of receipt and payment account, income and expenditure account and balance sheet,
  • Difference between profit and loss account and income and expenditure account.

9.  Accounts from Incomplete Records (excluding preparation of accounts based on ratios).

10. Partnership and LLP Accounts

  • Final accounts of partnership firms and
  • Admission, retirement and death of a partner including treatment of
  • Dissolution of partnership firms and LLPs  including  piecemeal distribution

11.  Company Accounts

  • Definition of shares and
  • Issue of shares and debentures, forfeiture of shares, re-issue of forfeited
  • Redemption of preference shares and debentures (excluding purchase and redemption of own debentures and sinking fund method).
  • Accounting for bonus issue and right issue.

CA Foundation Paper-2 Business Laws Syllabus (New Syllabus ) for December 2024 Exams

Contents

  1. Indian Regulatory Framework

  • Major Regulatory Bodies such as Ministry of Finance,
  • Ministry of Corporate Affairs,
  • SEBI, RBI, IBBI, Ministry of Law and Justice, etc.

2.  The Indian Contract Act, 1872

  • General nature of contract, Consideration,
  • Other essential elements of a valid contract,
  • Performance of contract, Breach of contract,
  • Contingent and Quasi Contract,
  • Contract of Indemnity and Guarantee,
  • Contract of  Bailment  and Pledge,
  • Contract of Agency.

3.  The Sale of Goods Act, 1930

  • Formation of the contract of sale,
  • Conditions and Warranties,
  • Transfer of ownership and Delivery of goods,
  • Unpaid seller and his rights.

4.  The Indian Partnership Act, 1932

  • General Nature of Partnership,
  • Rights and Duties of partners,
  • Reconstitution of firms,
  • Registration and Dissolution of a firm.

5.  The Limited Liability Partnership Act, 2008

  • Introduction-covering nature and scope,
  • Essential  features,
  • Characteristics  of LLP,
  • Incorporation and Differences with other forms of organizations.

6.   The Companies Act, 2013

  • Essential features of company,
  • Corporate veil theory,
  • Classes  of  companies,
  • Types of share capital,
  • Incorporation of company,
  • Memorandum of Association,
  • Articles of Association,
  • Doctrine of Indoor Management.

7.    The Negotiable Instruments Act, 1881

  • Meaning of Negotiable Instruments,
  • Characteristics, Classification of Instruments,
  • Different provisions relating to Negotiation,
  • Presentment of Instruments,
  • Rules of Compensation.

CA Foundation Paper-3 Quantitative Aptitude Syllabus (New Syllabus ) for December 2024 Exams

Contents

The whole syllabus of Quantitative Aptitude shall be divided into three broad areas:

  •  
       
  • Business Mathematics
  •      Logical Reasoning
  •      Statistics

 

PART A: BUSINESS MATHEMATICS (40 MARKS)

 

  1. Ratio and proportion, Indices and Logarithms: Ratio and proportion and Time and work-relatedproblems, Laws of Indices, Exponents and Logarithms and Anti
  2. Equations: Equations: Linear Simultaneous linear equations up to three variables, Quadratic and Cubicequations in one Applications in Business related problems.
  3. Linear Inequalities: Linear Inequalities: Linear Inequalities in one and two variables
  4. Mathematics of Finance:

  • Simple Interest
  • Compound interest
  • Nominal and Effective Rate of Interest
  • Present Value
  • Net Present Value
  • Future Value
  • Perpetuity
  • Annuities
  • Sinking Funds
  • Calculating of EMI
  • Calculations of Returns: Nominal and Effective rate of Return
  • Compound Annual growth rate (CAGR)

 

  1. Permutations and Combinations:

  • Basic concepts of Permutations and combinations:
  • Introduction,
  • the factorial,
  • permutations,
  • results,
  • circular permutations,
  • permutations with restrictions,
  • Combinations with standard

6. Sequence and Series: Introduction Sequences, Series, Arithmetic and Geometric progression, Relationship between AM and GM and Sum of n terms of special series and Business

7.  Sets, Relations, and Functions. Basics of Limits and Continuity functions.

8. Basic applications of Differential and Integral calculus in Business and Economics (Excluding thetrigonometric applications).

 

PART B: LOGICAL REASONING (20 MARKS)

 

9.  Number series coding and Decoding and odd man out

10. Direction Tests

11.  Seating Arrangements

12. Blood Relations

 

PART C: STATISTICS (40 MARKS)

 

  1. Unit 1: Statistical Representation of Data:

  • Diagrammatic representation of data,
  • Frequency distribution,
  • Graphical representation of Frequency Distribution –
  • Histogram, Frequency Polygon, Ogive,Pie-chart.
  • Unit:2 Sampling: Basic principles of sampling theory, comparison between sample survey and complete enumeration, some important terms associated sampling types of sampling, sampling andnon-sampling errors.

  1. Measures of Central tendency and Dispersion: Measures of Central Tendency and Dispersion: Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Co-efficient of Variation, Coefficient of Quartile
  2. Probability: Independent and dependent events; mutually exclusive events. Total and Compound Probability and Bayes’ theorem.
  3. Theoretical Distributions: Random variables, Discrete and Continuous Random variables, Expectation of a discrete random variable, Theoretical Distributions: Binomial Distribution, Poisson distribution – basic application and Normal Distribution – basic applications.
  4. Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations, Regression
  5. Index Numbers: Uses of Index Numbers, Problems involved in construction of Index Numbers, Methods of construction of Index Numbers. BSE SENSEX and NSE

CA Foundation Paper-4 Business Economics Syllabus (New Syllabus ) for December 2024 Exams

Contents

  1. Introduction to Business Economics

  • Meaning and scope of Business Economics.
  • Basic Problems of an Economy and Role of Price Mechanism.

2.            Theory of Demand and Supply

  • Meaning and Determinants of Demand, Law of Demand and Elasticity of Demand – Price, Income and Cross Elasticity.
  • Theory of Consumer’s Behavior –Indifference Curve approach.
  • Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply, Market Equilibrium andSocial Efficiency.

3.            Theory of Production and Cost

  • Meaning and Factors of Production, Short Run and Long Run.
  • Law of Production – The Law of Variable Proportions and Laws of Returns to Scale,
  • Producer’s Equilibrium.
  • Concepts of Costs – Short-run and long-run costs, Average and  Marginal Costs, Total, Fixed and Variable Costs.

4.            Price Determination in Different Markets

  • Market Structures: Perfect Competition, Monopoly and Monopolistic Competition. Using Game Theory tostudy Oligopoly.
  • Price Determination in these Markets.
  • Price- Output Determination under different Market Forms.

5.            Determination of National Income

  • Macro Economic Aggregates and Measurement of National
  • Determination of National Income: Keynes’ Two Sector Basic Model, Three Sectors and Four

6.            Business Cycles

  • Meaning
  • Phases
  • Features
  • Causes behind these Cycles

7.            Public Finance

  1. Fiscal functions: An Overview, Centre and State
  2. Market Failure/ Government intervention to correct market
  3. Process of    budget     making:     Sources     of    Revenue,     Expenditure Management, and Management ofPublic
  4. Fiscal

8.            Money Market

  1. Concept of Money
  2. Important theories of Demand for
  3. Concept of Money Supply, Cryptocurrency and other new
  4. Monetary

9.            International Trade

  1. Theories of International Trade including theories of intra-industry trade by
  2. Trade Policy – The Instruments of Trade
  3. Trade
  4. Exchange Rates and its economic
  5. International Capital Movements: Foreign Direct
  1. Indian Economy (Before 1950- Chanakya and Nand Vansh, OECD Paper (1950- 1991), Basic knowledge1991

Mode of CA Foundation December 2024 Exams whether Online or Offline?

CA Foundation Exams are held in Offline Mode. It means student has to appear in the Exams at the examination centre allotted by ICAI.

CA Foundation Exams Pattern for December 2024 Exams

  • Paper 1 & Paper 2 are held in Subjective Mode. 
  • But Paper 3 & Paper 4 are  in MCQ (Multiple Choice Questions) Form.
  • A student shall be allotted 3 hours each to attempt Paper 1 & Paper 2.
  • A student shall be allotted 2 hours each to attempt Paper 3 & Paper 4.
  • There is negative marking of 0.25 Marks for each wrong Answer in CA Foundation Paper 3 & 4.
  • All Exams are held on Alternate Days i.e not on single day but on different days.

Last Date for CA Foundation Registration for December 2024 Exams

Exams Attempt Last Date to Register/Enroll
December, 2024 1st August, 2024

CA Foundation Preparation

CA Foundation Live Online Classes

CA Foundation December 2024 Exams Syllabus Full Details as Per New Syllabus

Is CA Foundation Easy?

Mostly students think that CA Foundation is completely based on 11th and 12th Commerce Syllabus, which is partially True. CA Foundation is not so easy, it requires hard work, regular study with consistency. So even an average student may clear CA Foundation if he/she puts proper efforts with consistency.

How to prepare for CA Foundation December, 2024

There are multiple ways to prepare for CA Foundation Exams. A student may do self study or he may join Coaching Classes.

If a student is willing to join Classes, we at KCC Tutorials provides coaching in all forms i.e Recorded Lectures with Doubt Sessions and Test Series, Live Online Classes. So a student may study anytime and anywhere at his  convenience.

CA Foundation Classes for December 2024 Exams

We at KCC provide Best Quality Video Lectures at reasonable Prices. Queries are taken on Regular Basis via Whatsapp, Zoom etc.

To Buy Video Lectures, Click here 

We Provide Live Online Zoom Classes on Regular Basis.

Features of the Classes:

# Timely Completion of Syllabus

# Regular Test Series

# Fast Track Revision before Exams

# Recorded Lectures for Back-up purpose

Whatsapp at 98147-62054 for Admission Enquiry.

KCC Tutorials Classes for CA Course

We at KCC provide Specialized Coaching Classes for Chartered Accountancy Course.

Features of Our CA Course Classes:

  • Our Own Notes for Each Subject Available
  • Regular Test Series
  • Past years Questions Papers covered in Revision
  • Video Lectures for each Subject available
  • Live Online Zoom Classes available 
  • Face to Face Classes available in Ludhiana (Punjab) Only

Mode of Classes

We at KCC provide Classes for CA Foundation, CA Intermediate in the following Modes:

  • Video Lectures/Pen Drive Classes
  • Live Online Classes
  • Face to Face Classes at Ludhiana, Punjab Institute

CA Foundation Frequently asked Questions?

Q. What are CA Foundation Exams Date for June, 2024?

Ans. CA Foundation Exams for June, 2024 shall be held on 14th June, 16th June, 18th June and 20th June.

Q. What are the subjects in CA Foundation for June, 2024 and December, 2024 Exams?

Ans There are 4 subjects in CA Foundation for June, 2024 and December, 2024 Exams 

  1. Accounting
  2. Business Laws
  3. Quantitative Aptitude
  4. Business Economics

 

Q. Does KCC provide Online Coaching for CA Foundation Exams?

Ans. Yes, we at KCC Tutorials provides coaching for CA Foundation All subjects with Test Series at very reasonable Prices.

 

Q. How may I contact KCC Tutorials?

Ans. A student may whatsapp or call at 98147-62054 regarding Classes and Discount Offers.

 

Q. What is pass percentage of CA Foundation Exams by ICAI?

Ans. Pass Percentage of CA Foundation remains between 25% to 35% usually. 

Q. What is the Registration Fee for CA Foundation December, 2024 Exams?

Ans. Registration Fee for CA Foundation is Rs. 9,000.

 

Q. What is the Examination Fee for CA Foundation for December, 2024 Exams?

Ans. Examination Fee for CA Foundation is Rs, 1,500.

 

Q. Is CA Foundation difficult?

Ans. CA Foundation is neither very easy nor very difficult. It required hard work with consistency. 

 

Q. Can an average student may clear CA Foundation?

Ans. Yes, even an average student may clear CA Foundation if he works hard and studies regularly.

Q. What are the Best Notes for CA Foundation?

Ans. If you are doing Self-study then it is the best to study from ICAI Study Material. If you take Coaching from us, then we provide Our Own Notes which covers 100% syllabus of ICAI and specially our notes cover RTP, MTP and Past years Suggested Questions Answers as well

 

Q. Who teaches CA Foundation at KCC Tutorials?

Ans. Accounting and Business Economics subjects are taught by Sandeep Arora Sir, he is considered one of the Best Teacher for Accounting and Business Economics in India. Jagdeep Arora Sir teaches Business Laws, he is called Law Maestro due to his in-depth knowledge of Law Subjects. Quantitative Aptitude is taught by Neha Ma’am she teaches the subject with great concept clarity so even an average student may understand this difficult subject in a best possible manner and get good marks.

Q. What are Dates for CA Foundation December, 2024 Exams?

Ans. To be Updated 

Q. Is is possible to clear CA Foundation Exams with Self-study?

Ans. It depends upon a student whether he feels need for Classes or not. If a student feels some difficulty in any subject then it is much better to take coaching rather than taking risk.

Q. Can a student join CA Foundation after 10th ?

Ans. Yes, a student may enroll for CA Foundation with ICAI after 10th but he may appear in CA Foundation Exams only after appearing in 12th Standard Exams.

 

Q. What is eligibility criteria for CA Foundation December, 2024 Exams?

Ans.

The CA Foundation eligibility criteria on educational qualifications as set by the ICAI are as follows: 

  • If you’ve successfully completed your Class 10 exams from a state or central government board, or an equivalent exam, you’re eligible to apply for the CA Foundation exam. However, your admission will initially be provisional and will be confirmed after clearing the Class 12 exams.
  • If you are currently in Class 12 or have already completed the exams, you are eligible to register for the CA Foundation exam.
  • Candidates who have obtained a minimum of 50 percent marks in Class 12 are also eligible to register for the CA Foundation exam.

Q. Is there any age limit for joining CA Course?

Ans. No, there is no age limit to enter Chartered Accountancy Course. 

Q. Who is exempted from appearing in CA Foundation Exams?

Ans.

There are some exemptions from the CA foundation. Following candidates will be allowed to take entry directly into the CA Intermediate course. The criteria for candidates getting exemptions from the CA Foundation 2024 exam are below.

  • UG and PG Candidates: Candidates who have scored an aggregate of 55% marks in graduation or post-graduation degree in commerce stream from any recognized university will be exempted from CA Foundation 2024.
  • NIOS candidates: Candidates who have completed their undergraduate or postgraduate courses from an open university are not required to appear for the CA Foundation 2024 Exam.
  • Non-commerce candidates: Candidates who have received Bachelor’s or Master’s degrees in a stream other than commerce from a recognized University and have secured a minimum of 60% marks in aggregate need not appear for the CA Foundation 2024  Exam.

Q. Can a candidate from a non-commerce background register for CA Foundation exams 2024?

Ans. A candidate who has scored 60% marks in the bachelor’s or master’s degree in a discipline other than commerce can get admission directly into the CA intermediate course without appearing for the CA foundation exam. 

Q. What is the last Date for Registration for CA Foundation December, 2024 Exams?

Ans. 1st July, 2024 is the last Date for Registration for CA Foundation December, 2024 Exams.

Q. What are the minimum qualifying marks requirement in the class 12 exam for candidates applying for the CA foundation exam?

Ans. Candidates must secure at least 50% marks in the class 12 board exam to become eligible to apply for the CA foundation exam.

 

Q. What is the Passing Criteria for CA Foundation December, 2024 Exams?

Ans. Passing Criteria for CA Foundation December, 2024 is minimum 40 Marks in each subject and 50% Marks in aggregate. It simply means a student needs to get at least 200 Marks in aggregate out of 400 Marks and 40 Marks in each subject.

Q. How many months are required to clear in CA Foundation Exams?

Ans. At least 4 Months are required to prepare for CA Foundation Exams in a proper manner. It also depends upon a student’s ability to grasp concepts and his basic understanding of the subjects.

 

Q. Does writing and presentation matters in CA Foundation Subjects?

Ans. Two subjects i.e Accounting and Business Laws are subjective and other two are objective i.e MCQ Based. So in the Accounting and Business laws paper Writing and presentation matters. If you are able to write answer in a clear way with working notes then definitely it fetch you good marks.

 

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