iProledge brings you the most recent changes on the CA Foundation 2024 syllabus. With insights into the new program provided by the Institute of Chartered Accountants of India (ICAI), you may stay ahead of the curve and efficiently prepare for the upcoming exams.

CA Foundation New Syllabus 2024 Overview:

Beginning July 1, 2023, the ICAI will implement a new Syllabus for the CA Foundation exam. Aspiring candidates for the June 2024 exam should review the revisions stated on the ICAI's official website, icai.org. The session in December 2023 will be the last under the existing syllabus.

Key Changes in CA Foundation New Syllabus 2024 Papers:

The CA Foundation New Syllabus 2024 features new papers, each with its own set of marks and question types. Let's get into the specifics of each paper:

Certainly! Let's delve deeper into the content of each paper and provide additional information on the key topics covered in the CA Foundation New Syllabus 2024:

Paper 1: Accounting

Objective: 100 Marks

Topics:

1. Theoretical Framework

Meaning and Scope of Accounting.

• Accounting concepts, principles, and conventions.
• Capital and revenue expenditure, receipts, contingent assets, and liabilities.
• Accounting Policies.
• Accounting as a measurement discipline – valuation principles, estimates, Accounting Standards.

2. Accounting Process

• Recording accounting transactions: double-entry bookkeeping, subsidiary books, cash book.
• Preparation of Trial Balance.
• Rectification of Errors.
• Bank Reconciliation Statement.

3. Inventories

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

4. Depreciation and Amortisation

• Tangible and intangible assets.
• Concepts, methods of computation, and accounting treatment of depreciation/amortization.
• Change in depreciation method.

5. Partnership and LLP Accounts

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

6. Company Accounts

• Definition of Shares and Debentures.
• Issue, forfeiture, and reissue of shares.
• Redemption of preference shares and debentures.
• Accounting for Bonus Issue and Right Issue.

Paper 2: Business Laws

Objective: 100 Marks

Topics:

1. Indian Regulatory Framework

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

2. The Indian Contract Act, 1872

• General Nature of Contract, Consideration, Performance 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 and Characteristics of LLP.
• Incorporation and Differences with other forms of organizations.

6. The Companies Act, 2013

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

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.

Paper 3: Quantitative Aptitude

Objective: 100 Marks (Part A: 40 Marks, Part B: 20 Marks, Part C: 40 Marks)

Topics:

1. Part A: Business Mathematics

• Ratio and proportion, Indices and Logarithms.
• Equations, Linear Inequalities.
• Mathematics of Finance.

2. Part B: Logical Reasoning

• Number series, coding and decoding, odd man out.
• Direction Tests, Seating Arrangements, Blood Relations.

3. Part C: Statistics

• Statistical Representation of Data.
• Sampling, Measures of Central Tendency and Dispersion.
• Probability, Theoretical Distributions.
• Correlation and Regression, Index Numbers.

Paper 4: Business Economics

Subjective: 100 Marks

Topics:

1. Introduction to Business Economics

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

2. Theory of Demand and Supply

• Determinants of Demand.
• Law of Demand and Elasticity of Demand.
• Theory of Consumer’s Behaviour – Indifference Curve approach.
• Determinants of Supply, Law of Supply, and Elasticity of Supply.

3. Theory of Production and Cost

• Factors of Production.
• Short Run and Long Run.
• Laws of Production, Producer’s Equilibrium.
• Concepts of Costs – Short-run and long-run costs.

4. Price Determination in Different Markets

• Market Structures: Perfect Competition, Monopoly, and Monopolistic Competition.
• Using Game Theory to Study Oligopoly.
• Price-Output Determination under different Market Forms.

5. Determination of National Income

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

6. Business Cycles

• Meaning, Phases, Features, Causes behind these Cycles.

7. Public Finance

• Fiscal functions: An Overview, Centre and State Finance.
• Market Failure/Government Intervention To Correct Market Failure.
• Process of budget making: Sources of Revenue, Expenditure Management, and Management of Public Debt.
• Fiscal Policy.

8. Money Market

• Concept of Money Demand.
• Important Theories of Demand for Money.
• Concept of Money Supply, Monetary Policy.

9. International Trade

• Theories of International Trade including theories of intra-industry trade Krugman.
• Trade Policy–The Instruments of Trade Policy.
• Trade negotiations.
• Exchange Rates and its economic effects.
• International Capital Movements: Foreign Direct Investment.

10. Indian Economy

• Before 1950- Chanakya and Nand Vansh.
• OECD Paper (1950-1991), Basic knowledge 1991 Onwards.

Passing Criteria CA Foundation Exam 2024:

To pass the CA Foundation Exam 2024:

• Minimum 40% in each paper.
• Secure at least 50% of the total aggregate across all papers.

This comprehensive overview provides a detailed insight into the structure and content of the CA Foundation New Syllabus 2024. Candidates are encouraged to utilize this information for effective preparation.

Preparation Tips For CA Foundation 2024:

Know the Syllabus:

• Learn everything there is to know about the CA Foundation New Syllabus 2024. Examine the new themes, sub-topics, and weightage allocated to each paper.
• Identify any differences in substance or focus from the prior syllabus.
• To ensure alignment with the exam standards, use approved ICAI resources such as study materials and instructions.

Start Early:

• Early preparation is essential for success in the CA Foundation Exam. Begin by developing a study schedule that includes all courses and allows for changes.
• Setting reasonable targets and breaking down the material into manageable portions can help you stay on track.
• Beginning early enables for in-depth learning and allows time to resolve any difficulties that may occur during the planning phase.

Use the Right Study Materials:

• Use the official ICAI study materials, which are suited to the CA Foundation New Syllabus 2024. These materials are intended to cover the most important concepts and subjects.
• Consider using extra reference books recommended by professionals to broaden your comprehension and get new views.
• Stay updated on any additional study resources or guidance released by ICAI to support your preparation.

Practice with Mock Tests:

• Incorporate mock tests into your study routine on a regular basis. On its website, the ICAI provides sample tests that imitate the exam atmosphere.
• Mock examinations allow you to assess your readiness, identify weak areas, and become acquainted with the exam structure and time limits.
• Analyze your performance in mock tests to enhance your study strategy and time management.

Implement Time Management:

• Create a study strategy that allots enough time to each subject and topic based on their weightage in the exam.
• Set realistic chapter completion deadlines and allot specific time windows for revision.
• Time management is essential during the exam since Papers 1 and 2 contain objective-type questions with negative marking, which necessitate careful consideration of time allocation for each question.

By implementing these Study strategies, you will lay a solid foundation for success on the CA Foundation Exam 2024. Maintain a positive and focused mindset throughout your preparation journey, change your study strategies based on your progress, and stay disciplined.