CA FOUNDATION SYLLABUS

ICAI FOUNDATION SYLLABUS

(ICAI FOUNDATION 4 EXAMS)

PAPER -1 ACCOUNTING

PAPER -2 BUSINESS LAW

PAPER -3 QUANTITATIVE APPTITUDE

PAPER -4 BUSINESS ECONOMICS

Single PDF for Syllabus above all

The ICAI Foundation Course is the entry-level examination for the Chartered Accountancy (CA) program in India. It focuses on building a strong foundation in accounting, business laws, and economics. The syllabus is structured into four main papers, with both theoretical and practical applications. Here is an outline of the syllabus:

Paper 1: Principles and Practice of Accounting

This paper covers the basics of financial accounting and aims to develop an understanding of accounting principles, concepts, and conventions. Key topics include:

1. Theoretical Framework and Accounting Process

2. Bank Reconciliation Statements

3. Inventories

4. Concept and Accounting of Depreciation

5. Accounting for Special Transactions (Bills of Exchange, Consignments, Joint Ventures, etc.)

6. Final Accounts of Sole Proprietors

7. Partnership Accounts (Basics of Admission, Retirement, Death of a Partner, etc.)

8. Company Accounts (Introduction to Shares, Debentures, etc.)

Paper 2: Business Laws and Business Correspondence and Reporting

This paper is divided into two sections: Business Laws and Business Correspondence.

Section A: Business Laws

1. Indian Contract Act, 1872

2. Sale of Goods Act, 1930

3. Indian Partnership Act, 1932

4. Limited Liability Partnership Act, 2008

5. Companies Act, 2013 (Basics)

Section B: Business Correspondence and Reporting

1. Communication (Types and Basics of Communication, Communication Barriers, etc.)

2. Sentence Types and Transformation

3. Vocabulary (Synonyms, Antonyms, Idioms, etc.)

4. Comprehension and Note Making

5. Developing Writing Skills (Writing formal letters, reports, memos, etc.)

Paper 3: Business Mathematics, Logical Reasoning, and Statistics

This paper combines mathematical and logical skills with introductory statistics.

Section A: Business Mathematics

1. Ratio and Proportion, Indices, Logarithms

2. Equations and Matrices

3. Time Value of Money

4. Permutations and Combinations

5. Sequences and Series

6. Sets, Relations, and Functions

Section B: Logical Reasoning

1. Number Series, Coding and Decoding

2. Direction Tests, Seating Arrangements

3. Syllogisms

4. Blood Relations

Section C: Statistics

1. Statistical Description of Data (Collection, Classification, and Presentation)

2. Measures of Central Tendency and Dispersion

3. Probability and Basic Probability Rules

4. Theoretical Distributions

5. Correlation and Regression Analysis

6. Index Numbers and Time Series

Paper 4: Business Economics and Business and Commercial Knowledge

This paper introduces students to economic principles and the basics of business knowledge.

Section A: Business Economics

1. Introduction to Microeconomics

2. Theory of Demand and Supply

3. Theory of Production and Cost

4. Price Determination in Different Markets

5. Business Cycles

Section B: Business and Commercial Knowledge

1. Business Organizations

2. Business Environment

3. Government Policies for Business Growth

4. Organizations Facilitating Business

5. Common Business Terminologies

Examination Pattern

• Each paper carries 100 marks.

• Papers 1 and 2 are subjective, while Papers 3 and 4 are objective with negative marking.

• To pass, students must score at least 40% in each subject and a total of 50% aggregate across all subjects.

This foundational course serves as a comprehensive entry to the CA program and builds essential knowledge and skills needed for the Intermediate and Final levels.