CA, CA Foundation

CA Foundation New Syllabus 2024: ICAI New Scheme Syllabus and Subjects

ca foundation new syllabus

The Institute of Chartered Accountants of India (ICAI) announced the CA Foundation New Syllabus 2024 on July 1, 2023, as part of the new system of education and training. The new additions and revisions to the CA Foundation 2024 syllabus must be considered by candidates who intend to appear for the exam. The official ICAI website,, has the syllabus for CA Foundation under the new programme. The last CA Foundation exam to be held under the current scheme utilising the old CA foundation syllabus will be in December 2023, and the first CA Foundation exam under the new ICAI programme will be held in June 2024. The new CA Foundation test syllabus should be noted by interested candidates, and a preparation plan should be created in accordance with it. To learn more about the CA Foundation new curriculum under the ICAI new system, including all the subjects and crucial themes, read the entire article.

CA Foundation New Syllabus Papers 2024

In the new syllabus of CA Foundation, under the new ICAI scheme, the following papers have been included :

Sl. No Paper Name Marks Type of Questions
Paper 1 Accounting 100 Marks Objective
Paper 2 Business Laws 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

Paper 4 Business Economics 100 Marks Subjective

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Detailed CA Foundation Syllabus Under New Scheme 2024

The detailed ICAI CA Foundation syllabus according to the revised structure for each of the aforementioned papers is provided in the table below. The key points for each of the CA Foundation disciplines are also included in the details.

Paper 1 – Accounting

Objective: To develop an understanding of the basic concepts and principles of accounting and apply the same in preparing financial statements and simple problem-solving.


Topics Sub Topics
Theoretical Framework


  1. Meaning and Scope of Accounting.
  2. Accounting concepts, principles and conventions.
  3. Capital and revenue expenditure, capital and revenue receipts,contingent assets and contingent liabilities.
  4. Accounting Policies.
  5. Accounting as a measurement discipline – valuation principles, accounting estimates. Accounting Standards-concepts and objectives.


Accounting Process

  1. Recording accounting transactions: principles of double entrybook-keeping, books of original entry-journal,subsidiary books,cash book, ledger-format,posting from journals and subsidiary books,balancing accounts.
  2. Preparation Of Trial Balance.
  3. Rectification Of Errors
Bank Reconciliation Statement Introduction, reasons and preparation of bank reconciliation statement
Inventories Meaning, basis and technique of inventory valuation, cost of inventory, net realisable value and record system
Depreciation and Amortisation


Tangible and intangible assets- meaning & difference, concepts,methods of computation and accounting treatment of depreciation/amortisation,change in depreciation method
Bills of Exchange and Promissory Notes Meaning of bills of exchange and promissory notes and their accounting treatment; accommodation bills.
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
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
Accounts from Incomplete Records (excluding preparation of accounts based on ratios).
Partnership And LLP Accounts

  1. Final accounts of partnership firms and LLP.
  2. Admission, retirement and death of a partner including treatment of goodwill.
  3. Dissolution of partnership firms and LLPs including piecemeal distribution of assets
Company Accounts


  1. Definition Of Shares And Debentures.


  1. Issue Shares And Debentures,forfeiture of shares,reissue of forfeited shares.


  1. Redemption of preference shares and debentures(excluding purchase and redemption of own debentures sinking fund method).


  1. Accounting For Bonus Issue And Right Issue.

Paper 2: Business Laws

Objective: To develop general legal knowledge of the law of Contracts, Sales and understanding of various forms of businesses and their functioning to regulate business environment and toacquiretheabilitytoaddress basic application-oriented issues
Topics Sub Topics
Indian Regulatory Framework Major Regulatory Bodies such as the Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice, etc.
The Indian Contract Act, 1872 General Nature Of Contract, Consideration, Other essential elements of a valid contract,Performance Contract,Breach Of Contract, Contingent and Quasi Contract, Contract of Indemnity and Guarantee, Contract of Bailment and Pledge, Contract of Agency
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.
The Indian Partnership Act, 1932 General Nature of Partnership, Rights and Duties of partners, Reconstitution of firms, Registration and Dissolution of a firm
The Limited Liability Partnership Act, 2008 Introduction-covering nature and scope, Essential features, Characteristics of LLP, Incorporation and Differences with other forms of organisations
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
The Negotiable Instruments Act, 1881 Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentment of Instruments, Rules of Compensation



  1. To develop an understanding of the basic mathematical and statistical tools and apply the same in business, finance and economic situations.
  2. To Develop logical reasoning skills.
Topics Sub Topics
Part A: Business Mathematics
Ratio and proportion, Indices and Logarithms Ratio and proportion and Time and work-related problems, Laws of Indices, Exponents and Logarithms and AntiLogarithms
Equations Linear Equations Upto Three Variables, Quadratic and Cubic equations in one variable. Applications in Business Related Problems.
Linear Inequalities Linear Inequalities in one and two variables and the solution space
Mathematics of Finance

  1. ◦ Simple Interest
  2. ◦ Compound Interest
  3. ◦ Nominal and Effective Rate of Interest
  4. ◦ Present Value
  5. ◦ Net Present Value
  6. ◦ Future Value
  7. ◦ Perpetuity
  8. ◦ Annuities
  9. ◦ SinkingFunds
  10. ◦ Calculating EMI
  11. Calculations of Returns:Nominal and Effective rate of Return
  12. Compound Annual Growth Rate(CAGR)
Permutations and Combinations Basic concepts of Permutations and combinations: Introduction, the factorial, permutations, results, circular permutations, permutations with restrictions, Combinations With standard results
Sequence and Series Introduction Sequences, Series, Arithmetic and Geometric progression,RelationshipbetweenAMandGMandSumofntermsofspecialseriesand BusinessApplications
Sets, Relations, and Functions. Basics of Limits and Continuity Functions
Basic applications of Differential and Integral calculus in Business and Economics (Excluding the trigonometric applications)
Part B: Logical Reasoning Number series coding and Decoding and odd man out, Direction Tests, Seating Arrangements, Blood Relations
Part C: Statistics
Statistical Representation of Data Diagrammatic representation of data, Frequency Distribution, Graphical representation of Frequency Distribution–Histogram, Frequency Polygon, Ogive, Pie-chart
Sampling Basic principles of sampling theory, comparison between sample survey and complete enumeration, some important terms associated sampling type of sampling,sampling and non-sampling errors.
Measures of Central tendency and Dispersion Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Coefficient of Variation, Coefficient of Quartile Deviation
Probability Independent and dependent events;mutually exclusive events.Total and Compound Probability and Bayes Theorem
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
Correlation and Regression Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations,Regression coefficients
Index Numbers Uses of Index Numbers, Problems involved in construction Index Numbers,Methods of construction of Index Numbers.BSE SENSEX NSE

Paper 4: Business Economics

Objective: To develop an understanding of the concepts and theories of Economics and to acquire the ability for addressing application-oriented issues
Topics Sub Topics
Introduction to Business Economics Meaning and scope of Business Economics.

Basic Problems of an Economy and Role of Price Mechanism

Theory of Demand and Supply

  1. Meaning and Determinants of Demand, Law of Demand and Elasticity of Demand – Price, Income and Cross Elasticity.
  1. Theory of Consumer’s Behaviour –Indifference Curve approach.
  1. Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply, Market Equilibrium and Social Efficiency
Theory of Production and Cost

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

  1. Market Structures: Perfect Competition, Monopoly and Monopolistic Competition.Using Game Theory to study Oligopoly.
  1. Price Determination in these Markets.
  1. Price- Output Determination under different Market Forms
Determination of National Income

  1. Macro Economic Aggregates and Measurement of National Income
  2. Determination of National Income: Keynes’ Two Sector Basic Model,Three Sectors and Four Sectors Models
Business Cycles Meaning, Phases, Features, Causes behind these Cycles
Public Finance

  1. Fiscal functions:AnOverview, Centre and StateFinance.
  2. MarketFailure/Government Intervention To Correct Market failure.
  3. Process of budget making: Sources of Revenue, Expenditure Management, and management of Public Debt.
  4. FiscalPolicy
Money Market

  1. Concept of Money Demand
  2. Important theories of Demand for Money
  3. Concept of Money Supply, Cryptocurrency Another New Terminology
  4. Monetary Policy
International Trade

  1. Theories of International Trade including theories of intra-industry trade Krugman.
  2. TradePolicy–TheInstrumentsofTradePolicy.
  3. TradeNegotiations.
  4. ExchangeRatesanditseconomiceffects.
  5. International Capital Movements: Foreign DirectInvestment
Indian Economy

  1. Before 1950- Chanakya and Nand Vansh
  2. OECDPaper (1950-1991),
  3. Basic knowledge 1991 Onwards

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Requirements for Clearing CA Foundation Examination 2024

If a candidate receives in a single sitting a minimum of 40% on each paper and a minimum of 50% on the sum of all the papers, they are considered to have passed the Foundation examination.

Papers 1 and 2 are objective in nature and will receive negative marking; further notification will be given. Papers 3 and 4 are of the subjective type.

Preparation Tips for CA Foundation New Syllabus 2024

Here are some helpful tips to get you started on the CA Foundation exam preparation:

Understand the Syllabus: Have a solid grasp of the CA Foundation syllabus. Although there are the same number of papers, one needs to investigate more to see whether topics have been added or deleted from the curriculum and correspondingly prepare.

Start Early: Now that the CA foundation exam syllabus is fully disclosed, candidates should begin their preparations. Starting early will give you enough time to revise and practise later.

Refer to the Right Books and Study Materials: The ICAI website contains study materials for the CA foundation. Candidates can consult it when preparing for the CA. Candidates can also gain a solid understanding for the CA Foundation test by consulting quality books.

Mock Test: To boost performance on exam day, practise with mock exams that mirror the real thing. On its website, ICAI also offers CA Foundation practise exams that applicants can try to complete.

Frequently Asked Question (FAQs)

When was the new syllabus of CA Foundation released?

On July 1, 2023, ICAI issued the revised syllabus.

When is the first CA Foundation exam under the ICAI new scheme for education and training?

In accordance with the revised ICAI education and training plan, the first CA Foundation test will take place in June 2024.

How many papers are there in the CA Foundation new syllabus?

The updated syllabus for the CA Foundation course includes 4 papers.

How many marks is each of the papers in the CA Foundation exam?

Each paper in the CA foundation exam has 100 points.