CA Foundation Course Syllabus 2020

The Institute of Chartered Accountant of India has released the CA Foundation Syllabus. The CA Foundation exam is conducted twice a year, once in May and again in December. CA Foundation exam consists of four papers. Aspirants need to have a thorough knowledge of the CA Syllabus for all 4 papers and focus on their preparation for CA Foundation exam. Besides syllabus, candidates must also know about CA Foundation Exam Pattern to start their journey towards becoming a Chartered Accountant. This article will provide you with the detailed CA Foundation Syllabus 2020. Before getting into the detailed CA Foundation Syllabus, let’s have an overview of the CA Foundation exam pattern

  1. CA Foundation exam has four papers.
  2. Every paper carries a maximum of 100 marks and the time duration is 3 hours for each paper.
  3. Paper 1 and Paper 2 will be of subjective type and Paper 3 and Paper 4 will be of objective type.
  4. The objective type of questions will be have negative marking for wrong answers. 1/4th of the marks will be deducted for each wrong answer.
  5. Candidates must score a minimum of 40% marks in each paper and a minimum of  50% marks in aggregate of all the papers to pass the CA foundation exam.
  6. CA Foundation exam is an offline exam and conducted twice a year. The question paper will be either in English or Hindi languages.

CA Foundation Papers:

Paper Sections
Paper 1 Principles and Practice of Accounting (100 marks)
Paper 2 Business Laws and Business Correspondence a) Business Laws (60 Marks) b) Business Correspondence and Reporting (40 marks)  
Paper 3 Business Mathematics, Logical Reasoning And Statistics a) Business Mathematics (40 Marks) b) Logical Reasoning (20 Marks) c) Statistics (40 Marks)
Paper 4 Business Economics And Business & Commercial Knowledge a) Business Economics (60 Marks) b) Business and Commercial Knowledge (40 Marks)

CA Foundation Course Syllabus:

Paper 1 – Principles & Practice Of Accounting

  1. Theoretical Framework
  2. Accounting Process
  3. Bank Reconciliation Statement
  4. Inventories
  5. Concept of Accounting of Depreciation
  6. Accounting for Special Transaction
  7. Final Accounts of Sole Proprietors
  8. Partnership Accounts
  9. Financial Statements of Not-for-Profit Organization
  10. Introduction to Company Accounts
  11. Basic Accounting ratios (Profitability, solvency, liquidity and turnover)

Paper 2 – Business Laws And Business correspondence & Reporting

Section A: Business Laws (60 Marks)

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

Section B: Business Correspondence And Reporting (40 Marks)

Part I : Communication

  1. Communication

Part II: Sentence Types and Word Power

  1. Sentence Type
  2. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal verbs, Collocations and Idioms.

Part III: Comprehensive Passages and Note-Making

  1. Comprehension Passages
  2. Note Making

Part IV: Developing Writing Skills

  1. Introduction to Basic Writing
  2. Precis Writing
  3. Article Writing
  4. Report Writing
  5. Writing Formal Letters
  6. Writing Formal Mails
  7. Resume Writing
  8. Meetings

Paper 3 – Business Mathematics, Logical Reasoning & Statistics

Part A: Business Mathematics (40 Marks)

  1. Ratio and Proportions, Indices and Logarithms
  2. Equations and Matrices
  3. Linear Inequalities with Objective Functions and Optimization with respect to Objective Function
  4. Time Value of Money
  5. Permutations and Combinations
  6. Sequence and Series
  7. Sets, Relations and Functions
  8. Basic Application of Differential and Integral Calculus.

Part B: Logical Reasoning (20 Marks)

  1. Number Series, Coding & Decoding and odd man out
  2. Direction Tests
  3. Seat Arrangement
  4. Blood Relations
  5. Syllogism

Part C: Statistics (40 Marks)

  1. Statistical Description of Data
  2. Measures of Central Tendency and Dispersion.
  3. Probability
  4. Theoretical Distributions
  5. Correlation and Regressions
  6. Index Number and Time Series

Paper 4 – Business Economics and Business & Commercial Knowledge

Part A: Business Economics (60 Marks)

  1. Introduction to Business Economics
  2. Theory of Demand and Supply
  3. Theory of Production and Cost
  4. Price Determination in Different Markets
  5. Business Cycles

Part B: Business & Commercial Knowledge (40 Marks)

  1. Introduction to Business
  2. Business Environment
  3. Business Organizations
  4. Government Policies for Business Growth
  5. Organizations Facilitating Business
  6. Common Business Technologies

*Along with this, students should also go through at least one financial newspaper and one business newspaper or watch a business news channel to remain updated about the recent developments.