CA Foundation Accounts 2022: Syllabus, Pattern & Papers

CA Foundation Accounts also known as Principles and Practice of Accounting is paper 1 of the CA Foundation course. The CA Foundation accounts syllabus comprises basic accounting principles and their treatment in books.

For the CA Foundation Accounts paper, students are going to study 10 chapters comprising 100 marks. As the CA Foundation exams are near, students should complete the syllabus fast and start solving the mock test papers.

In this detailed article on CA Foundation Accounts, you’ll get the syllabus, study material, paper pattern, chapter-wise weightage, preparation tips, and mock test papers.

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CA Foundation Accounts – Overview

Accounts is the first paper of the CA Foundation and comprise basic principles and practices of Accounting. Moreover, Accounting is an integral part of the complete CA Course. The theoretical part of the Principles and Practice of Accounting syllabus will help you have knowledge of what is debit, credit, debtors and creditors or basic accounting entities and their fundamental principle.

After having the basic understanding it becomes easy for students to understand their treatment in accounts books. They will also gain the skill to analyse the accounting statements through different ratios and help in solving business complexities.

Check the CA Foundation exam dates for the Nov 2022 attempt.

CA Foundation Accounts Study Material for 2022 Exams

To check and download the PDF of the complete CA Foundation study material in English and Hindi, you can click on the given link. Other than that you can also check out the best CA Foundation Books for May 2022 preparation.

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Average Due Date CA Foundation

An Average Due Date is an important unit of CA Foundation Accounts Chapter 6. The average due date is a date calculated with fairness to the debtor and creditor for the settlement of various dated items.

The average due date is the due date of each business transaction that is assessed by adding the credit period of 1 month. While assessing the average due date, students can take any date as the base date.

CA Foundation Accounts Syllabus May 2022

ICAI has revised the syllabus of the CA Foundation course of all the papers under the new scheme. Students can download the CA Foundation 2022 syllabus for the Accounts paper from the given link below.

Paper 1: Principles and Practice of Accounting syllabusDownload

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    CA Foundation Accounts Paper Pattern 2022

    To excel in the ICAI Foundation Accounts paper, students need to be aware of the latest paper pattern. Therefore, in the following table, we have mentioned the CA Foundation Accounts paper pattern for May 2022 exams.

    Total Question6 (students need to answer only 5)
    Exam Duration3 hours
    Maximum Marks100 marks
    CA Foundation Accounts Exam DateJune 24, 2022
    Assassinate PatternAccording to comprehensive knowledge, analytical skill, and reporting efficiency.
    Type of QuestionsBoth practical and theoretical.

    To check the complete CA Foundation Exam Pattern and the CA Foundation exam dates, students can visit the given link.

    CA Foundation Accounts Chapter-Wise Weightage for May 2022

    You can see the breakdown of chapters and modules according to the marks weightage given In exams and plan your study accordingly

    5%-10%Chapter 1: Theoretical Framework
    Unit 1: Meaning and Scope of Accounting
    Unit 2: Accounting Concepts, Principles And Conventions
    Unit 3: Accounting Terminology – Glossary
    Unit 4: Capital And Revenue Expenditures and Receipts
    Unit 5: Contingent Assets and Contingent Liabilities
    Unit 6: Accounting Policies
    Unit 7: Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
    Unit 8: Accounting Standards
    Unit 9: Indian Accounting Standards
    20%-25%Chapter 2: Accounting Process
    Unit 1: Basic Accounting Procedures – Journal Entries
    Unit 2: Ledgers
    Unit 3: Trial Balance
    Unit 4: Subsidiary Books
    Unit 5: Cash Book
    Unit 6: Rectification of Errors
    Chapter 3: Bank Reconciliation Statement
    Chapter 4: Inventories
    Chapter 5: Concept and Accounting of Depreciation
    15%-20%Chapter 6: Accounting for Special Transactions
    Unit 1: Bill Of Exchange and Promissory Notes
    Unit 2: Sale of Goods on Approval or Return Basis
    Unit 3: Consignment
    Unit 4: Joint Ventures
    Unit 5: Royalty Accounts
    Unit 6: Average Due Date
    Unit 7: Account Current
    25%-30%Chapter 7: Preparation of Final Accounts of Sole Proprietors
    Unit 1: Final Accounts of Non-Manufacturing Entities
    Unit 2: Final Accounts of Manufacturing Entities
    Chapter 8: Partnership Accounts
    Unit 1: Introduction to Partnership Accounts
    Unit 2: Treatment of Goodwill in Partnership Accounts
    Unit 3: Admission of a New Partner
    Unit 4: Retirement of a Partner
    Unit 5: Death of a Partner
    Chapter 9: Financial Statements of Not-for-Profit Organizations
    10%-15%Chapter 10: Company Accounts
    Unit 1: Introduction to Company Accounts
    Unit 2: Issue, Forfeiture and Re-Issue of Shares
    Unit 3: Issue of Debentures
    Chapter 11: Basic Accounting Ratios

    How was the CA Foundation Accounts Paper of Dec 2021? (Review)

    The CA Foundation accounts paper of Dec 2021 is moderate, however scoring. Students who have followed the ICAI syllabus and study material find the paper easy to solve. The paper is more inclined to practical part and includes fewer theoretical questions. It is again emphasised to follow the ICAI study material and syllabus.

    Read our article how to prepare for CA foundation in 4 months

    CA Foundation Accounts Papers for June 2022 Preparation

    CA Foundation Accounts Question Papers with Suggested Answers

    Students can download the CA Foundation question papers with suggested answers of Paper 1.

    YearQuestion PapersSuggested Answer
    December 2021DownloadDownload
    July 2021DownloadDownload
    January 2021DownloadDownload
    November 2020DownloadDownload
    November 2019DownloadDownload

    CA Foundation Accounts Mock Test Papers for June 2022

    Students can download the suggested Mock Test Paper of Principles and Practice of Accounting from here.


    CA Foundation Paper 1 RTP

    Students can download the RTP of Principles and Practice of Accounting from here.

    CA Foundation Accounting Self Study Plan 2022

    • Write down the formulas and theories on a chart and can keep it handy by sticking it in your room for quick reference,
    • Make notes and illustrate every principle and theory in your own words
    • Make charts of all the accounting standards and try to memorize them in an interesting format.
    • While preparing accounting statements, identify the nature of the product and thoroughly analyze it before its treatment.
    • After completing the syllabus, download the CA Foundation question papers and solutions and start practising. After you solve the paper, check your answer sheet with the ICAI solutions and analyse your performance.

    That is all about the CA Foundation Accounts paper for May 2022 exam. Now, you have better insights into the syllabus, study material, paper pattern, and also chapter-wise weightage. Moreover, you also have past year question papers, MTPs, RTPs and a study plan to score more in CA Foundation accounts.

    We wish you all the best for the future.