The CA Foundation syllabus for 2024 is structured and prescribed under the ICAI’s New Scheme of Education and Training, and it is divided into four papers:
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Paper 1 – Principles and Practice of Accounting, focusing on accounting standards, the accounting process, inventory valuation, depreciation, bills, final accounts, partnerships, LLPs, and company accounts
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Paper 2 – Business Laws and Business Correspondence & Reporting, which covers the Indian Contract Act, Sale of Goods Act, Partnership and LLP Acts, Companies Act, Negotiable Instruments Act, and development of communication skills through correspondence, comprehension, precis writing, and formal letters
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Paper 3 – Business Mathematics, Logical Reasoning & Statistics, encompassing business mathematics (ratios, functions, calculus), logical reasoning (series, seating, blood relations) and statistics concepts such as measures, probability, correlation, regression, and index numbers Paper 4 – Business Economics and Business & Commercial Knowledge, covering demand-supply theory, production and cost concepts, market structures, national income, fiscal and monetary policy, trade, money markets, and the Indian economy
The exam pattern is set with Papers 1 and 2 assessed through subjective questions (3 hours each), while Papers 3 and 4 are objective (2 hours each with negative marking). Each paper carries 100 marks, and a minimum of 40% in each exam along with 50% overall is required to pass