CA Foundation Accounts Study Plan for May 2025 Exams
Mridula Sharma11 Apr, 2025
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Among all the subjects, Accounts forms the very backbone of your CA Foundation preparation. It’s the subject where concepts must be crystal clear, practice must be rigorous, and revision should be strategic. If you’re aiming to ace this subject in the May 2025 attempt, then this is exactly what you need.
With a focused and easy-to-follow CA Foundation Accounts Study Plan, you can complete the syllabus on time, revise thoroughly, and practice enough to gain the confidence needed to succeed. Let’s walk through a structured path that’s designed to help you conquer Accounts with clarity and confidence.
CA Foundation Accounts
Accounts is the foundation of everything that follows in your CA journey. The logic and principles you learn here will continue to support you throughout the Intermediate and Final levels. That’s why building a strong understanding is non-negotiable.
The CA Foundation Accounts Study Plan aims to simplify your learning journey by helping you focus on completing your syllabus, revising chapters thoroughly, and solving practical problems that actually appear in exams. With proper planning and a bit of discipline, scoring 70+ in Accounts is not a dream, it’s achievable.
CA Foundation Accounts Syllabus
Before jumping into your CA Foundation Accounts Study Plan, you must know exactly what you’re expected to study. The following is a brief overview of the syllabus:|
CA Foundation Accounts Syllabus |
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Topics |
Sub-Topics |
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Theoretical Framework |
(i) Meaning and Scope of accounting (ii) Accounting Concepts, Principles and Conventions (iii) Accounting terminology – Glossary (iv) Capital and revenue expenditure, Capital and revenue receipts, Contingent assets and contingent liabilities (v) Accounting Policies (vi) Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates (vii) Accounting Standards – Concepts and Objectives (viii) Indian Accounting Standards – Concepts and Objectives |
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Accounting Process |
(i) Books of Accounts (ii) Preparation of Trial Balance (iii) Rectification of Errors |
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Bank Reconciliation Statement |
Introduction, reasons, preparation of bank reconciliation statement |
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Inventories |
Cost of inventory, Net realizable value, Basis and technique of inventory valuation and record keeping |
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Concept and Accounting of Depreciation |
Concepts, Methods of computation and accounting treatment of depreciation, Change in depreciation methods |
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Accounting for Special Transactions |
(i) Bills of exchange and promissory notes- Meaning of Bills of Exchange and Promissory Notes and their Accounting Treatment; Accommodation bills. (ii) Sale of goods on approval or return basis- Meaning of goods sent on approval or return basis and accounting treatment. (iii) Consignments- Meaning and Features of consignment business, Difference between sale and consignment, Accounting treatments for consignment transactions and events in the books of consignor and consignee. (iv) Average due Date- Meaning, Calculation of average due date in various situations. (v) Account Current- Meaning of Account Current, Methods of preparing Account Current |
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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 |
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Partnership Accounts |
(i) Final Accounts of Partnership Firms (ii) Admission, Retirement and Death of a Partner including Treatment of Goodwill (iii) Introduction to LLPs and Distinction of LLPs from Partnership |
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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 |
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Introduction to Company Accounts |
(i) Definition of shares and debentures (ii) Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares (iii) Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act, 2013. |
Also Check: How to Remember Key Accounting Formulas for CA Foundation?
CA Foundation Accounts Study Plan
A good CA Foundation Accounts Study Plan is one that aligns with your strengths, adapts to your schedule, and supports both learning and revision. The following is a comprehensive plan that spans your entire preparation from now until the May 2025 exams.
Complete the syllabus 2 months Before
Start your preparation immediately and aim to complete your full syllabus. Break your studies into chapters and allocate time based on your comfort level with each chapter. Spend extra time on concepts like Depreciation, Partnership Accounts, and Company Accounts which generally carry higher weightage.
Use the Free Agastya YouTube Series by CA Wallah
One of the best resources available online for free is the Agastya series on YouTube by CA Wallah. It simplifies even the toughest concepts, especially for first-time learners. Make sure to follow the sequence of videos chapter-wise, and take handwritten notes for better retention.
Daily Revision of Previous Topics
Every day, before you start something new, spend at least 30–45 minutes revising what you studied the day before. This helps retain concepts and builds continuity in your study plan. The best CA Foundation Accounts Study Plan includes revision as a daily habit, not a last-minute activity.
Chapter-wise PYQ Practice Using YouTube Series
Once you’ve completed each chapter, immediately solve previous year questions (PYQs) related to it. Use the PYQ Series available on YouTube to know how to approach each type of question. This practice is invaluable and gives you a reality check on your preparation.
Attempt RTPs & MTPs without fail
RTPs (Revision Test Papers) and MTPs (Mock Test Papers) by ICAI are goldmines. They not only help you revise the syllabus but also train you to manage time effectively in exams. The best strategy is to solve them under timed conditions after every full revision cycle. Your CA Foundation Accounts Study Plan should have RTPs and MTPs marked on your calendar!
Try Solving PYQs of Last 6 Attempts
CA exams have a pattern, and the only way to decode that pattern is by solving previous exam papers. Take out time in April to go through the past 6 attempts' PYQs. Focus more on mistakes and understanding the logic behind each solution.
Give MTS (Mock Test Series) Seriously
Mock tests are your final rehearsal before the actual performance. Treat them like real exams. Sit in a quiet room, time yourself, and avoid distractions. Once done, analyze your paper thoroughly and track your improvement over multiple mocks. A powerful CA Foundation Accounts Study Plan always has mock tests integrated regularly during the last month of prep.
Why You Must Stick to the CA Foundation Accounts Study Plan?
This journey is not about being perfect every day, but about showing up with consistency. Following a well-structured CA Foundation Accounts Study Plan will reduce stress, avoid last-minute panic, and ensure conceptual clarity. It’s not about how long you study, but how well you study. Use resources smartly, revise consistently, and trust your process. With hard work and smart planning, you’re bound to succeed.
CA Foundation Accounts Study Plan FAQs
What is the best time to start the CA Foundation Accounts preparation for May 2025?
Is it necessary to solve RTPs and MTPs for Accounts?
How many revisions are ideal for Accounts before the exam?
Can I rely on the YouTube Agastya Series for my Accounts preparation?
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