Blog

CA Foundation Syllabus for 2023 – Exam Pattern, Subjects & Marks Weightage

ca foundation syllabus 2023

ICAI has released the CA Foundation syllabus for May 2023, which is valid for the May and November exams. The syllabus specifies the objectives of the topics, the units and themes you will study, the format of the tests, and the marks weightage . Students can obtain the CA Foundation curriculum in PDF format for each course from the ICAI website. Students should follow the ICAI CA Foundation’s study guide. They must also only choose books that are currently based on the CA Foundation syllabus 2023.
This article contains a link to the ICAI CA Foundation syllabus for May 2023 as well as information on the exam pattern, weighted marks, and syllabus.

CA Foundation subjects consists of:

Paper 1 – Principles and Practices of Accounting

Paper 2 – Business Laws and Business Correspondence and Reporting

Paper 3 – Business Mathematics and Logical Reasoning & Statistics

Paper 4 – General Economics

Following are the points mentioned about CA Foundation Exam pattern for 2023

Elements Details
Exam Medium English or Hindi
Exam Mode Offline
Duration 4 Hours (2 hour for each paper)
Paper Pattern Paper 1 & 2 – Subjective

Paper 3 & 4 – Objective

Passing Criteria at least 40% marks in every subject

minimum of 50% total marks in all subjects.

Negative Marking -1/4th mark for every wrong answer to the objective questions in Paper 3 & 4
Maximum Marks 400 (100 per paper)

Check here: ICAI Exam 2023 Dates 

 

CA Foundation Syllabus 2023

The CA Foundation is the first level of the CA course and it consists of four subjects. The subjects included in the CA Foundation syllabus are:

Paper 1 - Principles and Practices of Accounting

This is a 100 mark paper. To pass this paper, a candidate must score at least 40%. Topics of paper 1 are as follows:

  • Theoretical Framework
  • Accounting Process
  • Preparation of Trial Balance
  • Rectification of Errors etc,
  • Bank Reconciliation Statements
  • Inventories
  • Concepts and Accounting for Depreciation
  • Accounting for Special Transactions
  • Final Accounts of Sole Proprietors
  • Partnership Accounts
  • Financial Statements of Not-For Profit Organizations.
  • Introduction to the Company Accounts
  • Basic Accounting Ratios.

Paper 2 - Business Laws and Business Correspondence and Reporting

This paper has two parts. Part 1 comprises Business Law, which carries 60 marks and part 2 comprises Business Correspondence and Reporting, which has to carry 40 marks. Topics of paper 2 are as follows:

Section 1 – Business Law

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

Section 2 Part – 1   Communication
Part -2    Sentence Types and Word Power

  1. Sentence types (Direct, Indirect, Active-Passive Speech)
  2. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes,  Phrasal verbs, Collocations & Idioms.

Part -3  Comprehension Passages and Note Making

  1. Comprehension Passages
  2. Note Making

Part -4  Developing writing Skills

  1. Introduction to Basic writing
  2. Précis Writing
  3. Article Writing
  4. Report Writing
  5. Writing Formal Letters
  6. Writing Formal Mails
  7. Resume Writing
  8. Meetings

Paper 3 - Business Mathematics and Logical Reasoning and Statistics

Paper 3 has three parts, and each part carries distinct marks Topics for paper 3

Section A: Business Mathematics

Topics covered are-

  1. Ratio and Proportion, Indices and Logarithms
  2. Equations and Matrices
  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

Section B: Logical Reasoning

  1. Number series, Coding and Decoding and odd man out.
  2. Direction Tests
  3. Seating Arrangements
  4. Blood Relations
  5. Syllogism.

Section C: Statistics

  1. Statistical description of Data
  2. Measures of Central tendency and Dispersion
  3. Probability
  4. Theoretical Distributions
  5. Correlation and Regression
  6. Index Numbers and Time Series

Paper 4 - Business Economics & Business and Commercial Knowledge

 This paper has two parts as follow:

Section A: Business Economics

Topics covered in this section includes-

  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

Section B: Business and Commercial Knowledge

Topics covered in this subject are-

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

CA Foundation subject wise weightage

The CA Foundation subject-wise marks weightage is shown in the table below.

Papers CA Foundation Subjects Marks Weightage
Paper 1 Principles and Practices of Accounting 100 Marks
Paper 2 Business Laws and Business Correspondence and Reporting
1.  Business Laws2. Business Correspondence and Reporting
100 Marks

60 Marks

40 Marks

Paper 3 Business Mathematics and Logical Reasoning and Statistics

1. Business Mathematics

2. Logical Reasoning

3. Statistics

100 Marks

40 Marks

20 Marks

40 Marks

Paper 4 Business Economics & Business and Commercial Knowledge 100 Marks

Apart from revising theoretical and practical knowledge through the official ICAI Foundation syllabus, candidates enrolled for the CA Foundation course should always stay updated by reading a financial newspaper or a business magazine on a day to day basis. We at Lakshya Edu, prepare students thoroughly to ace in CA exams with flying colours. 

FAQ

There are four subjects in the CA Foundation course.

Yes. 1/4th mark for every wrong answer to the objective questions in Paper 3 & 4

A student can take the CA Foundation exam six times over the course of three years.

If you prepare well for CA Foundation then to pass the exam is not that big challenge.