CA Foundation Syllabus Dec 2023: Subjects, Marks & Weightage 

The ICAI has released the CA Foundation syllabus 2023, applicable for the Dec exams. The syllabus will let you know the objective of the subjects, units & topics you will study, paper pattern and marks weightage.

Students can download the CA Foundation syllabus pdf of all the subjects from the ICAI website or this page. Students should follow the ICAI CA Foundation study material. Furthermore, they must choose books with updated Syllabus only.

In this article, you’ll get the ICAI CA Foundation syllabus for Dec 2023 with a link to download its pdf, marks weightage and exam pattern.

ICAI will implement the CA New Scheme that introduces various changes in the CA Foundation course. These changes are proposed to prepare the upcoming CAs per global standards. We have also mentioned the changes in the CA Foundation syllabus for the 2023 exams on this page.

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Students looking for quality teaching and personalized guidance can join the CA Foundation coaching of VSI Jaipur for the 2023 exams.

Also Check: How to become CA in India 

Download the CA Foundation Syllabus 2023 PDF

Students can download the CA Foundation syllabus 2023 pdf for the CA Foundation Dec 2023 exams from the direct link below:

CA Foundation Exam Pattern

CA Foundation Syllabus is divided into four subjects. CA Foundation paper pattern consists of 4 papers conducted by the ICAI of 100 marks each. The  CA Foundation Paper pattern is an objective and subjective type. There is also a negative marking for subjective-type questions. ICAI Conducts the CA Foundation Examination in both English and Hindi Medium. 

Appearing students have to score 40% marks in each subject along with 50% aggregate score to qualify for the ca Inter exam. 

The table below mentions the CA Foundation exam pattern for the 2023 exams;

CA Foundation Syllabus 2023 (Updated)

Paper 1: Principles and Practices of Accounting Syllabus (100 Marks)

Principles and Practices of Accounting is the first paper of the CA Foundation course. The syllabus of CA Foundation Accounts consists of basic accounting, which students might have studied in the 11th and 12th.

The CA Foundation accounts syllabus for the Dec 2023 exams is as follows:

1. Theoretical Framework
   1. Meaning and Scope of Accounting.
   2. Accounting Concepts, Principles, and Conventions.
   3. Accounting Terminology
   4. Capital and Revenue Expenditure, Capital and Revenue Receipts, contingent assets, and contingent liabilities.
   5. Accounting Policies
   6. Accounting as a Measurement Discipline
   7. Accounting Standards
   8. Indian Accounting Standards(IND AS)
2. Accounting Process
   1. Books of Accounts
   2. Preparation of Trial Balance
   3. Rectification of Errors
3. Bank Reconciliation Statements
4. Inventories
5. Concept and accounting of Depreciation
6. Accounting for Special Transactions
   1. Bill of Exchange and Promissory Notes
   2. Sale of Goods on approval or return basis
   3. Consignments
   4. Average due date
   5. Account Current.
7. Final Accounts of Sole Proprietors
8. Partnership Accounts
   1. Final Accounts of Partnership Firms
   2. Admission, Retirement, and Death of a Partner including Treatment of Goodwill
   3. Introduction to LLPs and Distinction of LLPs from Partnership.
9. Financial Statements of Non-Profit Organisations
10. Introduction to Company Accounts
    1. Definition of shares and debentures
    2. The issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares
    3. Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act, 2013.
    4. Basic Accounting Ratios (Profitability, Solvency, Liquidity, and Turnover)

Read More: CA Exams

CA Foundation Dec 2022 Papers Solutions

Paper 2: Business Laws and Business Correspondence and Reporting Syllabus (100 Marks)

The syllabus of paper 2 is a bit longer in terms of the theoretical parts. It is divided into two sections:

• Section A- Business Law (60 Marks)
• Section B- Business Correspondence and Reporting Syllabus (40 Marks)

The CA Foundation Law syllabus consists of theory and needs proper understanding. So students should cover this syllabus early so that they can revise it at least 2 times.

Section A: Business Laws Syllabus (60 Marks)

The CA Foundation business law syllabus is:

1. The Indian Contract Act of 1872
2. The Sale of Goods Act of 1930
3. The Indian Partnership Act of 1932
4. The Limited Liability Partnership Act of 2008
5. The Companies Act, 2013

Section B- Business Correspondence and Reporting Syllabus (40 Marks)

The ICAI Foundation syllabus for business correspondence and reporting are:

1. PART-I Communication
   1. Types
   2. Directions
   3. Network
   4. Process
   5. Problems
   6. Barriers
   7. Types of Communications
      1. Interpersonal Skills
      2. Listening Skills
      3. Emotional Intelligence
   8. Sample questions with answers
   9. Exercise
2. PART-II Sentence Type and Word Power
   1. Sentence Types (Direct-Indirect, Active-Passive Speech)
      1. Sentence: Definition
      2. Classification of sentences based on connotation
      3. Sentence Structure
      4. Types of sentences
      5. Direct-Indirect Speech
         1. Introduction
         2. Procedure for converting Direct speech into Indirect speech
         3. Rules for converting Indirect speech into Direct speech
      6. Active Passive Voice: Introduction
      7. Verbs Voice: Active or passive
      8. Exercises with Answers
   2. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations and idioms
      1. Introduction
      2. Significance of improving vocabulary
      3. How to improve vocabulary
      4. Root words
      5. Synonyms and Antonyms
      6. Words formed by using Prefixes
      7. Words formed by using Suffixes
      8. Phrasal verbs
      9. Collocations
      10. Idioms
      11. Exercises with Answers
3. Part III: Comprehension Passages and Note-Making
   1. Comprehension Passages
   2. Note Making
      1. Introduction to Note Making
      2. Significance of Note Making
      3. Detailed Format Heading(Title)
      4. Steps to Comprehend and summarize the text
      5. Helpful Hints
      6. Sample Passages with Notes
      7. Exercises with Answers
4. Part IV: Developing Writing Skills
   1. Introduction to Basic Writing
      1. Introduction
      2. Process of writing
      3. Styles of Writing
      4. Significance of writing skills for students
      5. Writing Conventions
      6. Characteristics of good writing
      7. Do’s and Don’ts of good writing
   2. Precis Writing
      1. What is Precis writing?
      2. Features of good Precis writing
      3. How to write a Precis
      4. Do’s and Don’ts of Precis writing
      5. Examples(Passages with Precis)
      6. Exercises with Answers
   3. Article Writing
      1. What is an Article?
      2. Essential Elements of Article Writing
      3. Detailed Format
   4. Report Writing
      1. What is a Report?
      2. Essential Elements of Report Writing
      3. Kinds of Reports
      4. Tips and Conventions of Report Writing
      5. Sample Reports
      6. Exercises with Answers Clues
   5. Writing Formal Letters
      1. Types of Letters
      2. Detailed format for (I) above
      3. Points to Remember
      4. Sample Letters
      5. Exercises with Answers Clues
   6. Writing Formal Mails
      1. How to Write a Formal Mail?
      2. Writing Effective Mails
      3. Essential elements of Mails
      4. Tips and Conventions of Mails
      5. Sample Mails
      6. Exercises with Answers Clues
   7. Resume Writing
      1. Essential Elements of Resume
      2. Resume Writing Tips and Conventions
      3. Sample Resumes
      4. Exercises with Answers Clues
   8. Meetings
      1. Notice
      2. Agenda
      3. Drafting minutes
      4. Action Taken Report

Must Read: CA Course – All you need to know

Paper 3: Business Mathematics and Logical Reasoning and Statistics Syllabus (100 Marks)

Business Mathematics is the third paper of the CA Foundation. It helps students to develop an understanding of Basic Maths, Reasoning, and statistics. The application of the CA Foundation maths syllabus is in the business, Finance, and Economics sectors and helps students develop a logical understanding to solve problems. The CA Foundation maths syllabus consists of 40 marks. Whereas the reasoning syllabus covers 20 marks and statistics covers 40 marks.

In the CA Foundation Maths syllabus, you’ll study ratios, equations, permutations and combinations, calculus, and many other topics you might have learned in school.

A Section: Business Mathematics Syllabus (40 Marks)

1. Ratio and Proportion, Indices and Logarithms
2. Equations
3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.
4. Time Value of Money
5. Permutations and Combinations
6. Sequence and Series
7. Sets, Relations, and Functions
8. Basic applications of Differential and Integral Calculus

B Section: Logical Reasoning Syllabus (20 Marks)

1. Number Series, Coding and Decoding and the odd man out
2. Direction Tests
3. Seating Arrangements
4. Blood Relations

C Section: Statistics Syllabus (40 Marks)

1. The Statistical Description of Data
2. Measures of Central Tendency and Dispersion
3. Probability
4. Theoretical Distributions
5. Correlation and Regression
6. Index Numbers

To check the CA Foundation syllabus in Hindi, you can visit this page.

Paper 4: Business Economics and Business and Commercial Knowledge Syllabus (100 Marks)

Business Economics is the fourth and last subject of the CA Foundation. This subject helps students learn the concept of Business Economics and apply such concepts and theories in simple problem-solving.

Part I: Business Economics Syllabus (60 Marks)

1. Introduction to Business Economics
2. Theory of Demand and Supply
3. Theory of Production and Cost
4. Price Determination in Different Markets
5. Business Cycles

Part II: Business and Commercial Knowledge Syllabus (40 Marks)

1. Business and Commercial Knowledge – An Introduction
2. Business Environment
3. Organizations
4. Government Policies for Business Growth
5. Organizations Facilitating Business
6. Common Business Terminologies

VSI advises all the students to complete their CA Foundation syllabus soon. This will help you in revising the course soon and increase your chances of getting a high result.

ICAI recently proposed a new scheme of education and training 2024. In the new scheme, ICAI will remove the Business Correspondence and Reporting and Business and Commercial Knowledge.

CA Foundation Books

To cover the in-depth syllabus of the CA foundation, Students must opt for the most preferred books. Below we mentioned the most preferred books, you can check and opt according to your suitability.

Principles And Practice Of Accounting

• Fundamentals of Accounting for CA – CPT by P.C Tulsian and Bharat Tulsian
• CPT Grewal’s Accountancy by M.P Gupta & B.M Aggarwal
• Fundamentals of Accounting by D.G Sharma
• Padhuka Basics of Accounting for CA CPT by G. Sekar & B. Saravana Prasath
• General Economics by S.K. Agarwal

Quantitative Aptitude

• Quantitative Aptitude by Dr. T. Padma and K.C.P Rao
• Padhuka’s Practical Guide On Quantitative Aptitude For CA CPT by G.Sekar and Saravana Prasath
• Quantitative Aptitude for CPT: mathematics and Statistics by Tulsian P. C. and Jhujhunwala Bharat
• Quantitative Aptitude Mathematics With Short Tricks By CA Rajesh Jogani

Mercantile Law

• Mercantile Laws for CA CPT by P C Tulsian
• S Chand Mercantile Laws for CA CPT by P P S GOGNA
• Mercantile Law by M.C.Kuchhal and Vivek Kucchal
• Padhuka’s MCQ Bank by G Sekar and B Sarvana Prasath

Other Reference Books

• Question Bank with Model Test Papers for CA – Common Proficiency Test (CPT) – Accounting, Mercantile Laws, General Economics & Quantitative Aptitude by R C Bhatt
• Quantitative Aptitude – P. N. Arora
• General Economics by PM Salwan & Pranjal B Deshpande by Taxmann

CA Foundation Subjects 2023

In total, there are 4 subjects in the CA Foundation syllabus that students have to prepare for the exams. These 4 CA Foundation subjects are:

1. Principles and Practices of Accounting (100 Marks)
2. Business Laws and Business Correspondence and Reporting (100 Marks)
   • Business Laws (60 Marks)
   • Business Correspondence and Reporting (40 Marks)
3. Business Mathematics and Logical Reasoning and Statistics (100 Marks)
   • Business Mathematics(40 Marks) and Logical Reasoning (20 Marks)
   • Statistics (40 Marks)
4. Business Economics and Business and Commercial Knowledge (100 Marks)
   • Business Economics (60 Marks)
   • Business and Commercial Knowledge (40 Marks)

CA Foundation Syllabus Marks Weightage (Subject-Wise)

In the table mentioned below, you’ll find the subject-wise weightage of all 4 CA Foundation subjects.

Click on this link to check the CA Foundation Dec 2023 exam dates.

Important Points to be Remember for CA Foundation Exams.

Below are the Important points of CA Foundation examination, that every student must know before appearing in the exams:

1. CA Foundation Exam consists of Four Subjects, each of 100 marks, i.e., 400 marks.
2. In CA Foundation, two subjects are in an objective pattern, and two are in a subjective Pattern.
3. Papers 1 and 2 are subjective, and Papers 3 and 4 are Objective types.
4. There is a 0.25 Negative Marking for every wrong answer to an objective question.
5.  CA Foundation Exams are conducted twice a year, i.e., in May/June & Nov/ Dec.
6. Students have a choice to take CA Foundation exams in English or Hindi Medium.
7. Candidates need to get at least 40% marks in every subject and a minimum of 50% total marks in all subjects.
8. Each paper is divided into sections with a given approximate mark weightage in the paper.

Check out the CA Foundation question papers and mock test papers of the last 5 years from this page.

Furthermore, to complete the CA Syllabus, you must join CA Online Classes or Offline Classes.

Frequently Asked Questions

Ques 1. How to download the CA Foundation syllabus 2023 pdf? 

To download the CA Foundation 2023 syllabus pdf, go to the BoS portal of the ICAI website, select the Foundation course level, and then you’ll get the download link for the syllabus of each subject. Or you can directly download it from this page.

Ques 2. How many subjects are there in the CA Foundation course? 

There are 4 subjects in the CA Foundation course: 

• Principles and Practice of Accounting 
• Business Laws, and Correspondence and Reporting
• Business Mathematics, and Logical Reasoning & Statistics
• Economics and Business and Commercial Knowledge

Ques 3. Are there any updates in the CA Foundation 2023 syllabus? 

Yes, ICAI has updated the CA Foundation syllabus for the 2023 attempts. Students are advised to follow only the revised syllabus.

Ques 4. Is there any negative marking in the CA Foundation Exams?

Yes, there is a negative marking of 0.25 in the CA Foundation exams.

Ques 5. How many times can a student take CA Foundation Exams?

A student can give the CA Foundation exam for three years, i.e., he can give six attempts.

Ques 6. Is it difficult to clear the CA Foundation exams?

No, students can easily clear the CA Foundation exams. However, to get a good CA Foundation result, students need to cover the complete syllabus, revise it 2-3 times, and practice with mock test papers.

Ques 7. Where can I find the CA Foundation syllabus for 2023?

CA Foundation syllabus is available on the official website of ICAI under the BoS Knowledge Portal of ICAI.

Ques 8. Are 12th marks important for CA?

There is no minimum mark/percentage requirement to sit for the CA Foundation Exams. It just requires that you PASS your 10 + 2 examinations from the recognized board to sit in the exam.