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PAPER 1: ACCOUNTING (100 MARKS)
Syllabus
1. Theoretical Framework
(i) Meaning and Scope of Accounting.
(ii) Accounting concepts, principles and conventions.
(iii) Capital and revenue expenditure, capital and revenue receipts, contingent assets and contingent liabilities.
(iv) Accounting policies.
(v) Accounting as a measurement discipline – valuation principles, accounting estimates. Accounting Standards – concepts and objectives.
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2. Accounting Process
(i) Recording accounting transactions: principles of double entry book-keeping, books of original entry – journal, subsidiary books, cash book, ledger-format, posting from journal and subsidiary books, balancing of accounts.
(ii) Preparation of trial balance.
(iii) Rectification of errors.
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3. Bank Reconciliation Statement
Introduction, reasons and preparation of bank reconciliation statement.
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4. Inventories
Meaning, basis and technique of inventory valuation, cost of inventory, net realizable value and record system.
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5. Depreciation and Amortization
Tangible and intangible assets-Meaning and difference, concepts, methods of computation and accounting treatment of depreciation / amortization, change in depreciation method.
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6. Bills of exchange and Promissory notes
Meaning of bills of exchange and promissory notes and their accounting treatment; accommodation bills.
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7. 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.
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8. Financial Statements of Not-for-Profit Organizations
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.
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9. Accounts from Incomplete Records (excluding preparation of accounts based on ratios). Â
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10. Partnership and LLP Accounts
(i) Final accounts of partnership firms and LLPs.
(ii) Admission, retirement and death of a partner including treatment of goodwill.
(iii) Dissolution of partnership firms and LLPs including piecemeal distribution of assets.
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11. Company Accounts
(i) Definition of shares and debentures.
(ii) Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares.
(iii) Redemption of preference shares and debentures (excluding purchase and redemption of own debentures and sinking fund method).
(iv) Accounting for bonus issue and right issue.
PAPER 2: BUSINESS LAWS (100 MARKS)
Syllabus
1. Indian Regulatory Framework Major Regulatory Bodies such as Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice, etc.
2. The Indian Contract Act, 1872 General nature of contract, Consideration, Other essential elements of a valid contract, Performance of contract, Breach of contract, Contingent and Quasi Contract, Contract of Indemnity and Guarantee, Contract of Bailment and Pledge, Contract of Agency.
3. The Sale of Goods Act, 1930 Formation of the contract of sale, Conditions and Warranties, Transfer of ownership and Delivery of goods, Unpaid seller and his rights.
4. The Indian Partnership Act, 1932 General Nature of Partnership, Rights and Duties of partners, Reconstitution of firms, Registration and Dissolution of a firm.Â
5. The Limited Liability Partnership Act, 2008 Introduction-covering nature and scope, Essential features, Characteristics of LLP, Incorporation and Differences with other forms of organizations.
6. The Companies Act, 2013 Essential 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.
7. The Negotiable Instruments Act, 1881 Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentment of Instruments, Rules of Compensation.
Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from dates notified by the Institute. The specific inclusions/ exclusions in the various topics covered in the syllabus will be effected every year by way of Study Guidelines, if required.
Paper 3: Quantitative Aptitude (100 Marks)
Syllabus
Part A: Business Mathematics (40 Marks)
Chapter 1: Ratio and Proportion, Indices and Logarithms
Chapter 2: Equations and Matrices;
Chapter 3: Linear Inequalities
Chapter 4: Mathematics of Finance
Chapter 5: Permutations and Combinations
Chapter 6: Sequence and Series
Chapter 7: Sets, Relations and Functions, Basics of Limits and Continuity functions
Chapter 8: Basic Applications of Differential and Integral Calculus in Business and Economics
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Part B: Logical Reasoning (20 Marks)Â
Chapter 9: Number series, coding and decoding and odd man out;
Chapter 10: Direction tests
Chapter 11: Seating Arrangements
Chapter 12: Blood Relations
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Part C: Statistics (40 Marks)
Chapter 13:
Unit I-Statistical representation of data
Unit II: Sampling
Chapter 14: Measures of central tendency and dispersion
Chapter 15: Probability
Chapter 16: Theoretical Distribution
Chapter 17: Correlation and Regression
Chapter 18: Index Numbers
Important Chapters of CA Foundation Maths :Â https://capreetiaggarwal.com/important-chapters-for-ca-foundation-maths/
PAPER 4: BUSINESS ECONOMICS (100 MARKS)
Syllabus
1. Introduction to Business Economics: Meaning and scope of Business Economics. Basic Problems of an Economy and Role of Price Mechanism.
2. Theory of Demand and Supply Meaning and Determinants of Demand, Law of Demand and Elasticity of Demand – Price, Income and Cross Elasticity.
3. Theory of Consumer’s Behaviour –Indifference Curve approach. Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply, Market Equilibrium and Social Efficiency.
4. Theory of Production and Cost Meaning 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.
5. Price Determination in Different Markets Market Structures: Perfect Competition, Monopoly and Monopolistic Competition. Using Game Theory to study Oligopoly. Price Determination in these Markets. Price- Output Determination under different Market Forms.
6. Determination of National Income
7. Macro Economic Aggregates and Measurement of National Income.
8. Determination of National Income: Keynes’ Two Sector Basic Model, Three Sectors and Four Sectors Models.
9. Business Cycles
- Meaning
- Phases
- Features
- Causes behind these Cycles
Important Chapters in CA Foundation Economics:Â https://capreetiaggarwal.com/important-chapters-of-ca-foundation-economics-icai-new-syllabus/
