CA Subjects and Syllabus 2023: CPT, IPCC & Foundation
The professional programme known as "Chartered Accountancy”, or simply "CA," provides students with the technical skills they need to handle the finances, accounting, and taxation of any type of corporation or organization.As a result, many students have the desire to enroll in a CA programme, but many of them are unable to find the time or cannot afford to go to offline classes. As a result, they look for online classes for the CA foundation. To provide a complete overview of the syllabus and subjects for this entry-level examination, let's first have a look at CA Foundation study material 2023.
CA Foundation/CPT Course
|Serial no.||Subjects||Marking Scheme|
|1.||Principles and Practices of Accounting||100 marks|
|2.||Business Law and Business Correspondence and Reporting||100 marks|
|3.||Business Mathematics, Logical Reasoning and Statistics||100 marks|
|4.||Business Economics & Business and Commercial Knowledge||100 marks|
Syllabus for CA Foundation Course
Paper 1 - Principles and Practices of Accounting
|Bank Reconciliation Statement||Introduction, reasons, preparation of bank reconciliation statement|
|Inventories||Cost of inventory, Net realizable value, Basis and technique of inventory valuation and record keeping|
|Concept and Accounting of Depreciation||Concepts, Methods of computation and accounting treatment of depreciation, Change in depreciation methods|
|Accounting for Special Transactions||
|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 of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet, Difference between Profit and Loss Account and Income and Expenditure Account. Preparation of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet|
|Introduction to Company Accounts||
Paper 2 - Business Law and Business Correspondence and Reporting (Section A - Business Law (60 marks))
|The Indian Contract Act, 1872 - An overview of Sections 1 to 75 covering the general nature of the contract, consideration, other essential elements of a valid contract, performance of a contract, breach of contract, Contingent and Quasi Contract.|
|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 organizations.|
|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|
Paper 2 - Business Law and Business Correspondence and Reporting(Section B - Business Correspondence and Reporting (40 marks))
|Sentence Types (Direct-Indirect, Active -Passive Speech)||
|Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations and Idioms.||
|Introduction to Basic Writing||
|Writing Formal Letters||
|Writing Formal Mails||
Paper 3 - Business Mathematics, Logical Reasoning and Statistics(Part A - Business Mathematics (40 Marks))
|Ratio and Proportion, Indices and Logarithms||Ratio and Proportion (Business Applications related to Ratio and Proportion) Laws of Indices, Exponents and Logarithms and AntiLogarithms.|
|Equations||Simultaneous linear equations up to three variables, Quadratic and Cubic equations in one variable|
|Time value of Money||
|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, Relationship between AM and GM and Sum of n terms of special series|
|-||Sets, Relations and Functions|
Paper 3 - Business Mathematics, Logical Reasoning and Statistics (Part-B - Logical Reasoning (20 Marks))
Paper 3 - Business Mathematics, Logical Reasoning and Statistics (Part-C - Statistics (40 Marks))
|Statistical description of Data||Diagrammatic representation of data, Frequency distribution, Graphical representation of Frequency Distribution - Histogram, Frequency Polygon, Ogive, Pie-chart|
|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 Mathematical Expectation.|
|Binomial Distribution, Poisson distribution – Basic application and Normal Distribution – Basic applications||Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Probable Error and Probable limits. Regression lines, Regression equations, Regression coefficients|
|Theoretical Distributions||Binomial Distribution, Poisson distribution – Basic application and Normal Distribution - Basic applications|
|Index Numbers||Uses of Index Numbers, Problems involved in the construction of Index Numbers, Methods of construction of Index Numbers|
Paper 4 - Business Economics and Business and Commercial Knowledge (Part-1 - Business Economics (60 Marks))
|Introduction to Business Economics||
|Theory of Demand and Supply||
|Theory of Production and Cost||
|Price Determination in Different Markets||
Paper 4 - Business Economics and Business and Commercial Knowledge (Part-2 - Business and Commercial Knowledge (40 Marks))
|Business and Commercial Knowledge - An Introduction||Nature of Business, Profession and Employment. Objectives of Business. Economic and Non-Economic Activities, Forms of Business Organizations.|
|Business Environment||Micro and Macro Environment, Elements of Micro Environment – Consumers/Customers, Competitors, Organization, Market, suppliers, Intermediaries, Elements of Macro Environment - Demographic, Economic, Political-legal, Socio-cultural, Technological, Global Environment|
|Business Organizations||Overview of selected Indian and Global Companies.|
|Government Policies for Business Growth||Government Policies for Business Growth|
|Organizations Facilitating Business||
|Common Business Terminologies||
CA IPCC Subjects
|Serial No.||Subjects||Marking scheme|
Business Laws, Ethics and Communication
Cost Accounting and Financial Management
|5.||Advanced Accounting||100 marks|
|6.||Auditing and Assurance||100 marks|
Enterprise Information System & Strategic Management
You can opt for high-quality classes or online CA foundation classes for preparation after you are familiar with the syllabus for the CA entry →level examinations and intermediate examinations.
Frequently Asked Questions (FAQs)
Q1. What is the age limit to appear for CA foundation exam?
Ans. There are no age limit restrictions for candidates however anyone can apply for the CA Foundation exam.
Q2. Is pursuing BCom necessary for CA?
Ans. Firstly, pursuing a BCom degree is not a prerequisite,yet one may begin the course after completing the 12th grade.
Q3. How many subjects are there in CA Foundation?
Ans. CA Foundation comprises 4 major subjects furthermore which are mandatory for candidates to clear to reach the second stage of the CA Exam.
Q4. Is there any negative marking for CA Foundation Exam?
Ans. Yes, there are negative markings on the CA Foundation test. One incorrect response subtracts one-fourth of a mark from the final grade. In addition to this it is adviced only to respond questions you are familiar with.
Q5. How many attempts are allowed for the CA Foundation?
Ans. Firstly, creating an account with the CA Foundation is the major step. Your registration is good for three years after you submit it. Moreover, candidates can submit applications for the May/November CA Foundation exam.Lastly, a maximum of six exams may be applied for and taken throughout a three-year period by candidates.
Q6. Are 12th marks important for CA?
Ans. No minimum grade or percentage is needed to take the CA Foundation Exams.Apart from that, you can only appear for the test if you pass your 10+2 exams.
Q7. Why knowing the syllabus for CA entrance exams is necessary?
Ans. Firstly,you get a general understanding of the subjects and topics you need to cover from knowing the syllabus in advance.
Secondly, you can allocate the time in accordance with the marks weightage of the topics.
Thirdly, being aware of the curriculum beforehand will help you identify your strongest subject areas.
Lastly, knowing the syllabus is as important as covering it on time and revising it again and again.
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