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CA Foundation New Syllabus 2024 Unveiled by ICAI

SuccessEdge provides you the most recent updates on the CA Foundation New Syllabus 2024, as introduced by the Institute of Chartered Accountants of India (ICAI) and effective July 1, 2023. This comprehensive guide ensures that you are well-informed and prepared for the next CA Foundation examinations in 2024.

Key Changes and Exam Schedule:

The first CA Foundation exam under the new structure is slated for June 2024, with the final session utilizing the previous syllabus taking place in December 2023. Familiarize oneself with the most recent curriculum, which can be found on the official ICAI website, icai.org

CA Foundation New Syllabus 2024 Papers:

The CA Foundation New Syllabus 2024 introduces some noteworthy changes, including new papers. Let’s delve into the key updates for each paper:

Paper 1: Accounting (100 Marks – Objective)

  • Theoretical Framework
  • Accounting Process
  • Bank Reconciliation Statement
  • Inventories
  • Depreciation and Amortisation
  • Bills of Exchange and Promissory Notes
  • Preparation of Final accounts of Sole Proprietors
  • Financial Statements of Not-for-Profit Organizations
  • Accounts from Incomplete Records
  • Partnership And LLP Accounts
  • Company Accounts

Paper 2: Business Laws (100 Marks – Objective)

  • Indian Regulatory Framework
  • The Indian Contract Act, 1872
  • The Sale of Goods Act, 1930
  • The Indian Partnership Act, 1932
  • The Limited Liability Partnership Act, 2008
  • The Companies Act, 2013
  • The Negotiable Instruments Act, 1881

Paper 3: Quantitative Aptitude (100 Marks – Subjective)

  • Part A: Business Mathematics
  • Part B: Logical Reasoning
  • Part C: Statistics

Paper 4: Business Economics (100 Marks – Subjective)

  • Introduction to Business Economics
  • Theory of Demand and Supply
  • Theory of Production and Cost
  • Price Determination in Different Markets
  • Determination of National Income
  • Business Cycles
  • Public Finance
  • Money Market
  • International Trade
  • Indian Economy

Passing Criteria:

Candidates must earn a minimum of 40% in each paper and at least 50% of the total aggregate of all papers to pass the CA Foundation Exam 2024. Papers 1 and 2 are objective-type questions with negative marking, whereas Papers 3 and 4 are subjective and require descriptive responses.

Preparation Tips:

SuccessEdge advises the following preparation strategies:

  1. Know the Syllabus: Familiarize yourself with the CA Foundation New Syllabus 2024 and adjust your study plan accordingly.
  2. Start Early: Begin your preparations early to allow ample time for revision and practice.
  3. Use the Right Study Materials: Utilize ICAI-provided study materials and reliable books for a comprehensive understanding.
  4. Mock Tests: Practice with mock examinations available on the ICAI website to hone your exam skills.
  5. Time Management: Create a study plan that ensures effective time management for each topic and subject.

Following these procedures will ensure that you are well-prepared to pass the CA Foundation Exam 2024 under the new syllabus. Keep up with SuccessEdge!

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