Mastering the CA Foundation With New Syllabus: Tips, Strategies, and Expert Guidance

 CA Foundation New Syllabus 2024

CA Foundation ICAI news & updates

Aspiring chartered accountants need more than just academic expertise to succeed in the constantly changing financial industry; they also need a curriculum that is up-to-date. The CA Foundation course material is applicable here. In this blog post, we’ll go over the key components of the CA Foundation course outline and introduce you to Studybytech, a business that specializes in offering excellent CA training. We are also excited to announce that Studybytech is already accepting applications for its class of 2024 CA Foundation students!

 CA Foundation New Syllabus

The following papers have been added to the CA Foundation 2024 syllabus under the New ICAI Scheme:

  • Accounting 
  • Business Law
  • Quantitative Aptitude
  1. Part A: Business Mathematics
  2. Part B: Logical Reasoning
  3. Part C: Statistics
  • Business Economics

 Detailed CA Foundation Syllabus Under New Scheme 2024 

Paper 1 Accounting

Objective: To develop an understanding of the basic concepts and principles of accounting and apply the same in preparing financial statements and simple problem-solving.
TopicsSub Topics
Theoretical FrameworkRecording accounting transactions: principles of double entry bookkeeping, books of original entry journal, subsidiary books, cash book, ledger format, posting from journals and subsidiary books, balancing accounts.Preparation of the Trial BalanceRectification Of Errors
Accounting ProcessRecording accounting transactions: principles of double entry bookkeeping, books of original entry journal, subsidiary books, cash book, ledger format, posting from journals and subsidiary books, balancing accounts.Preparation of the Trial BalanceRectification Of Errors
Bank Reconciliation Statementintroduction, reasons, and preparation of bank reconciliation statement
InventoriesMeaning and Scope of AccountingAccounting concepts, principles, and conventions.Capital and revenue expenditure, capital and revenue receipts, contingent assets, and contingent liabilities accounting Policies.Accounting as a measurement discipline – valuation principles, accounting estimates. Accounting Standards-concepts and objectives.

Depreciation and amortization
Tangible and intangible assets: meaning & difference, concepts, methods of computation and accounting treatment of depreciation and amortization, change in depreciation method
Bills of Exchange and Promissory NotesMeaning of bills of exchange and promissory notes and their accounting treatment; accommodation bills

Preparation of 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
Financial Statements of Not-for-Profit OrganizationsMeaning, basis and technique of inventory valuation, cost of inventory, net realisable value, and record system
Accounts from Incomplete Records (excluding preparation of accounts based on ratios)

Partnership And LLP Accounts
Significance and preparation of receipt and payment account, income and expenditure account, and balance sheet; difference between profit and loss account, and income and expenditure account

Company Accounts
(definition of shares and debts)
Issue shares And debts; forfeiture of shares, reissue of forfeited shares
Redemption of preference shares and debentures (excluding the purchase and redemption of own debentures by the sinking fund method)
Accounting for Bonus Issue and Right Issue

Paper 2 Business Law

Objective: To develop general legal knowledge of the law of Contracts and sales and an understanding of various forms of businesses and their functioning to regulate the business environment and the ability to address basic application-oriented issues
Indian Regulatory FrameworkMajor Regulatory Bodies such as the Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice, etc.

The Indian Contract Act, 1872
General Nature Of Contract, Consideration, Other essential elements of a valid Contract Performance Contract, Breach Of Contract, Contingent and Quasi Contract, Contract of Indemnity and Guarantee Contract of Bailment and Pledge, Contract of Agency
The Sale of Goods Act, 1930Formation of the contract of sale, conditions and warranties, transfer of ownership and delivery of goods, unpaid seller and his rights

The Indian Partnership Act, 1932

General Nature of Partnership, Rights and Duties of partners, Reconstitution of firms, Registration and Dissolution of a firm
The Limited Liability Partnership Act, 2008Introduction: covering nature and scope, Essential features, Characteristics of LLP, Incorporation, and Differences with other forms of organizations
The Companies Act, 2013Essential features of company, Corporate veil theory, Classes of companies,  Types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, Doctrine of Indoor Management
The Negotiable Instruments Act, 1881Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentation of Instruments, Rules of Compensation

Paper 3 Quantitative Aptitude

Objective:To develop an understanding of the basic mathematical and statistical tools and apply the same in business, finance, and economic situations.To develop logical reasoning skills.
Part A: Business Mathematics
Ratio and proportion, Indices and LogarithmsRatio and proportion, and Time and work-related problems, Laws of inequalities, Exponents and antilogarithms
EquationsRatio and proportion, Time and work-related problems, Laws of inequalities, Exponents and antilogarithms
Linear InequalitiesLinear Inequalities in one and two variables and the solution space
Mathematics of FinanceRatio and proportion, Time and work-related problems, Laws of inequalities, Exponents and antilogarithms
Permutations and CombinationsBasic concepts of Permutations and combinations: Introduction, factorial, permutations, results, circular permutations, permutations with restrictions, and combinations With standard results
Sequence and SeriesIntroduction: Sequences, Series, Arithmetic and Geometric Progression Relationship between AM and GM and Sum of terms of special series and Business Applications
Sets, relations, and functions Basics of Limits and Continuity Functions
Basic applications of Differential and Integral calculus in Business and Economics (Excluding the trigonometric applications)
Part B: Logical ReasoningNumber series coding and decoding, odd man out, Direction Tests, Seating Arrangements, Blood Relations
Part C: Statistics
Statistical Representation of DataDiagrammatic representation of data, Frequency Distribution, Graphical representation of Frequency Distribution—Histogram, Frequency Polygon, Ogive, Pie-chart
SamplingBasic principles of sampling theory, Comparison between sample surveys and complete enumerations, some important terms associated with sampling types, sampling errors,  and non-sampling errors
Measures of Central tendency and DispersionMean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation Standard Deviation, Coefficient of Variation, and Coefficient of Quartile Deviation
ProbabilityIndependent and dependent events; mutually exclusive events  Total and Compound Probability and Bayes Theorem
Theoretical DistributionsMeasures of Central Tendency and Dispersion
Correlation and RegressionScatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations, and regression coefficients
Index NumbersUses of Index Numbers, Problems Involved in the Construction of Index Numbers, and Methods of Construction of Index Numbers BSE SENSEX NSE

Paper 4 Business Economics

Objective: To develop an understanding of the concepts and theories of Economics and to acquire the ability for address application-oriented issues
TopicsSub Topics
Introduction to Business EconomicsMeaning and scope of business economics
Basic Problems of an Economy and the Role of Price Mechanism

Theory of Demand and Supply
Objective: To develop an understanding of the concepts and theories of Economics and to acquire the ability to address application-oriented issues
Theory of Production and CostMeaning and Factors of Production, Short Run and Long Run
Law of Production—The Law of Variable Proportions and Laws of Returns to Scale—Producer’s Equilibrium
Concepts of Costs: Short-run and long-run Costs; Average and Marginal Costs, Total, Fixed, and Variable Costs
Price Determination in Different MarketsFiscal functions: overview, center, and state financeMarketFailure/Government Intervention to Correct Market FailureProcess of budget making: sources of revenue, expenditure management, and management of public debt fiscal policy
Determination of National IncomeMacroeconomic Aggregates and Measurement of National IncomeDetermination of National Income: Keynes’ Two Sector Basic Model, Three Sectors and Four Sectors Models
Business CyclesMeaning, Phases, Features, and Causes behind these Cycles
Public FinanceBefore 1950: Chanakya and Nand VanshOECDPaper (1950-1991), Basic knowledge, 1991–Onwards
Money MarketConcept of Money DemandImportant theories of Demand for MoneyConcept of Money Supply, Cryptocurrency Another New TerminologyMonetary Policy
International TradeTheories of International Trade, including theories of intra-industry trade, KrugmanTradePolicy– negotiations.ExchangeRatesanditseconomiceffects.International Capital Movements: Foreign Direct Investment
Indian EconomyBefore 1950- Chanakya and Nand VanshOECDPaper (1950-1991),Basic knowledge, 1991 Onwards

Proven Success

Studybytech has a fantastic resume, and success speaks for itself. Many of its pupils not only passed the CA Foundation test but also did quite well at higher levels, demonstrating the efficiency of its teaching strategies.

 Complementing the CA Foundation Syllabus

The fact that Studybytech is consistent with the CA Foundation curriculum is one of its distinctive advantages. Studybytech’s courses are made to complement the curriculum and give students a well-rounded education that will adequately prepare them for the exam.

Admissions are open for the CA Foundation 2024 batch!

We’re excited to share some news with you! The opening of admissions for the CA Foundation 2024 batch has been eagerly announced by Studybytech. This is your chance to start your path to becoming a chartered accountant with a solid foundation and knowledgeable leadership.

Why choose Studybytech for the CA Foundation?

 High-Quality Education: Studybytech is committed to providing instruction of the highest caliber to ensure your success on the CA Foundation exam.

2. Experienced Faculty: Study with professors who are well-versed in the CA syllabus and exam structures.

3. Proven Track Record: Become one of the successful CA Foundation students who utilized Studybytech to help them realize their goals.

4. Access detailed study materials and resources to assist you in your preparation.

5. Personalized Guidance: Take advantage of individualized mentoring and doubt-clearing sessions to help you excel in your studies.


Aspiring chartered accountants may expect a vibrant and thorough education with the new CA Foundation syllabus for 2024. With a focus on taxation, ethics, sustainability, and digital finance, it gives students the abilities they need to excel in the fast-expanding financial industry.

Consider Studybytech to be your success partner as you embark on your CA Foundation path. Studybytech is your entry point to a prosperous career in chartered accounting thanks to its competent professors, solid reputation, and syllabus-specific courses. Don’t pass up the chance to enroll in the CA Foundation 2024 cohort and begin your journey toward a fulfilling career. Enroll right away to set yourself up for success in the future!

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