FAQs on CA Foundation Course Syllabus

Many young Indians dream of becoming Chartered Accountants (CAs) and hope to enjoy long and successful careers. But first, they must sign up for the CA Foundation course. The Institute of Chartered Accountants of India (ICAI) administers the foundation course. It helps potential accountants prepare for what lies ahead. Before signing up for the CA Foundation course and exams, students must become familiar with the syllabus and papers. Let’s take a look at some questions many aspiring accountants have regarding the exams.

Q: How many papers are part of the CA Foundation course?

A: There are four papers students must attempt. They are:

Paper 1 – Principles and Practice of Accounting
Paper 2 – Business Laws and Business Correspondence and Reporting
Paper 3 – Business Mathematics, Logical Reasoning and Statistics
Paper 4 – Business Economics and Business and Commercial Knowledge

Q: What does Paper 1 – Principles and Practice of Accounting cover?

Principles and Practice of Accounting coverA: Paper 1 consists of two modules. The first module deals with the theoretical framework of accounting. It includes topics on the accounting process, dealing with special transactions, accounting of depreciation, inventories and bank reconciliation statements. The second module discusses partnership and business accounts. So, candidates learn how to prepare final accounts for sole proprietors. They also become familiar with company accounts and financial statements for not-for-profit organisations.

Q: What does Paper 2 – Business Laws and Business Correspondence and Reporting cover?

A: This paper covers everything students need to know about business law, correspondence and reports. Students also learn about the Indian Contract Act, 1872 and the Indian Partnership Act, 1932.

Q: What does Paper 3 – Business Mathematics, Logical Reasoning and Statistics cover?

Business MathematicsA: Paper 3 has three separate sections. The first one deals only with business mathematics. So, candidates have to learn about equations, linear inequalities, ratios and proportions, concepts of permutations and combinations, indices and logarithms. They will also have to learn the basic concepts of differential and integral calculus. The second section is about logical reasoning and deals with number series and coding. The third and final section deals with statistics. Therefore, students learn about probability, measures of central tendency and dispersion and correlation and regression.

Q: What does Paper 4 – Business Economics and Business and Commercial Knowledge cover?

A: The first part of this paper deals with economic concepts like demand and supply, the price mechanism and business cycles. The second part deals more with business organisations and environments. It also introduces candidates to common business terminologies.

Students who want to learn more about the CA Foundation course syllabus and exams can register for CA Foundation classes at TG Campus. Our expert educators are available to clear doubts and help aspiring accountants navigate the course with ease. We have several mock papers that candidates can use to test their knowledge periodically. To ensure every learner has the best chance at success, we provide recordings of all our live lessons. Thus, students can catch up if they happen to miss a class.

Joining online classes for CA Foundation aids you in your preparation while offering expert guidance and mentorship. Enrolling in TG’s CA Foundation coaching online will also acquaint you with the entire course syllabus and build your confidence.

Written by Today's Geniuses
Today’s Geniuses comprises of all the members of TG Campus. It includes IIT Alumni, PhD holders with fellowship and Subject Matter Experts, creating an enthusiastic bunch of Geniuses who are driven by their passion to empower learning.