Every year The Institute of Chartered Accountants of India (ICAI) releases the study material for the CA Foundation exam. This study material is extremely useful for the students who are preparing for their exam preparation.
The CA Foundation course contains four papers: Principles and Practice of Accounting, Business Laws and Business Correspondence and Reporting, Business Mathematics and Logical Reasoning & Statistics, and Business Economics and Business and Commercial Knowledge. Go through this article tp attain a better understanding about the exam.
Table of Contents
- Paper wise Study Material for CA Foundation
- Importance of CA Foundation Study Material
- How to Download CA Foundation Study Material?
- Previous Years Question Papers and Mock Question Papers of CA Foundation
- Preparation Tips for CA Foundation
- Best Books for CA Foundation Preparation
Paper wise Study Material for CA Foundation
The Paper wise syllabus for CA Foundation is given as follows. Candidates can access the topic wise ICAI study material for Foundation along with CA Foundation maths solution PDF. Candidates can also download the ICAI books PDF for reference.
Paper-1: Principles and Practice of Accounting
The study material related to Paper 1 is given in the following table. Candidates are advised tp click on the links and access the PDFs.
| Chapters | Units | Links |
| Chapter 1: Theoretical Framework | Unit 1: Meaning and Scope of Accounting | Click Here |
| Unit 2: Accounting Concepts, Principles And Conventions | Click Here | |
| Unit 3: Accounting Terminology – Glossary | Click Here | |
| Unit 4: Capital And Revenue Expenditures and Receipts | Click Here | |
| Unit 5: Contingent Assets and Contingent Liabilities | Click Here | |
| Unit 6: Accounting Policies | Click Here | |
| Unit 7: Accounting as a Measurement Discipline | Click Here | |
| Unit 8: Accounting Standards | Click Here | |
| Unit 9: Indian Accounting Standards | Click Here | |
| Chapter 2: Accounting Process | Unit 1: Basic Accounting Procedures | Click Here |
| Unit 2: Ledgers | Click Here | |
| Unit 3: Trial Balance | Click Here | |
| Unit 4: Subsidiary Books | Click Here | |
| Unit 5: Cash Book | Click Here | |
| Unit 6: Rectification of Errors | Click Here | |
| Chapter 3: Bank Reconciliation Statement | Click Here | |
| Chapter 4: Inventories | Click Here | |
| Chapter 5: Concept and Accounting of Depreciation | Click Here | |
| Chapter 6: Accounting for Special Transactions | Unit 1: Bill Of Exchange and Promissory Notes | Click Here |
| Unit 2: Sale of Goods on Approval or Return Basis | Click Here | |
| Unit 3: Consignment | Click Here | |
| Unit 4: Average Due Date | Click Here | |
| Unit 5: Account Current | Click Here | |
| Chapter 7: Preparation of Final Accounts of Sole Proprietors | Unit 1: Final Accounts of Non-Manufacturing Entities | Click Here |
| Unit 2: Final Accounts of Manufacturing Entities | Click Here | |
| Chapter 8: Partnership Accounts | Unit 1: Introduction to Partnership Accounts | Click Here |
| Unit 2: Treatment of Goodwill in Partnership Accounts | Click Here | |
| Unit 3: Admission of a New Partner | Click Here | |
| Unit 4: Retirement of a Partner | Click Here | |
| Unit 5: Death of a Partner | Click Here | |
| Chapter 9: Financial Statements of Not-for-Profit Organizations | Click Here | |
| Chapter 10: Company Accounts | Unit 1: Introduction to Company Accounts | Click Here |
| Unit 2: Issue, Forfeiture and Re-Issue of Shares | Click Here | |
| Unit 3: Issue of Debentures | Click Here | |
Paper-2: Business Laws and Business Correspondence and Reporting
The study material for Paper 2 is given in the following table. Further, it divided into two sections, Business Law and Business Correspondence and Reporting.
| Sec-A: Business Laws | ||
|
Chapter 1: The Indian Contract Act, 1872
|
Unit 1: Nature of Contracts | Click Here |
| Unit 2: Consideration | Click Here | |
| Unit 3: Other Essential Elements of a Contract | Click Here | |
| Unit 4: Performance of Contract | Click Here | |
| Unit 5: Breach of Contract and its Remedies | Click Here | |
| Unit 6: Contingent and Quasi Contracts | Click Here | |
| Chapter 2: The Sale of Goods Act, 1930 | Unit 1: Formation of the Contract of Sale | Click Here |
| Unit 2: Conditions & Warranties | Click Here | |
| Unit 3: Transfer of Ownership and Delivery of Goods | Click Here | |
| Unit 4: Unpaid Seller | Click Here | |
| Chapter 3: The Indian Partnership Act, 1932 | Unit 1: General Nature of a Partnership | Click Here |
| Unit 2: Relations of Partners | Click Here | |
| Unit 3: Registration and Dissolution of a Firm | Click Here | |
| Chapter 4: The Limited Liability Partnership Act, 2008 | Click Here | |
| Chapter 5: The Companies Act, 2013 | Click Here | |
| Sec-B: Business Correspondence and Reporting | ||
| Chapter 1: Communication | Click Here | |
| Chapter 2: Sentence Types and Direct-Indirect, Active-Passive Speech | Click Here | |
| Chapter 3: Vocabulary | Click Here | |
| Chapter 4: Comprehension Passages | Click Here | |
| Chapter 5: Note Making | Click Here | |
| Chapter 6: Introduction to Basics of Writing | Click Here | |
| Chapter 7: Precis Writing | Click Here | |
| Chapter 8: Article Writing | Click Here | |
| Chapter 9: Report Writing | Click Here | |
| Chapter 10: Writing Formal Letters and Official Communication | Part I: Formal Letters | Click Here |
| Part II: Official Communication | Click Here | |
| Chapter 11: Writing Formal Mails | Click Here | |
| Chapter 12: Resume Writing | Click Here | |
| Chapter 13: Meetings | Click Here | |
Paper-3: Business Mathematics and Logical Reasoning & Statistics
The study material for Paper 3 is given in the following table. Candidates must refer to the following and learn the CA Foundation maths solution.
| Business Mathematics and Logical Reasoning & Statistics | ||
| Initial Pages | Click Here | |
| Business Mathematics | ||
| Chapter 1: Ratio and Proportion, Indices, Logarithms | Click Here | |
| Chapter 2: Equations and Matrices | Unit I: Equations | Click Here |
| Unit II: Matrices | Click Here | |
| Chapter 3: Linear Inequalities | Click Here | |
| Chapter 4: Time Value of Money | Click Here | |
| Chapter 5: Basic Concepts of Permutations and Combinations | Click Here | |
| Chapter 6: Sequence and Series - Arithmetic and Geometric Progressions | Click Here | |
| Chapter 7: Sets, Functions and Relations | Click Here | |
|
Chapter 8: Basic Concepts of Differential and Integral Calculus
|
(A) Differential Calculus | Click Here |
| (B) Integral Calculus | Click Here | |
| Logical Reasoning | ||
| Chapter 9: Number Series, Coding and Decoding and Odd Man Out | Click Here | |
| Chapter 10: Direction Tests | Click Here | |
| Chapter 11: Seating Arrangements | Click Here | |
| Chapter 12: Blood Relations | Click Here | |
| Chapter 13: Syllogism | Click Here | |
| Statistics | ||
| Chapter 14: Statistical Description of Data | Click Here | |
| Chapter 15: Measures of Central Tendency and Dispersion | Unit I: Measures of Central Tendency | Click Here |
| Unit II: Dispersion | Click Here | |
| Chapter 16 : Probability | Click Here | |
| Chapter 17: Theoretical Distributions | Click Here | |
| Chapter 18: Correlation And Regression | Click Here | |
|
Chapter 19: Index Number and Time Series
|
Unit I: Index Numbers | Click Here |
| Unit II: Time Series | Click Here | |
| Appendices | Click Here | |
Paper-4: Business Economics and Business and Commercial Knowledge
The study material for Paper 4 is given in the following table. Candidates are suggested to go through both the parts to achieve good marks.
| Part-I: Business Economics | ||
|
Chapter 1: Nature & Scope of Business Economics
|
Unit I: Introduction | Click Here |
| Unit II: Basic Problems of an Economy & Role of Price Mechanism | Click Here | |
|
Chapter 2: Theory of Demand and Supply
|
Unit I: Law of Demand and Elasticity of Demand | Click Here |
| Unit II: Theory of Consumer Behaviour | Click Here | |
| Unit III: Supply | Click Here | |
| Chapter 3: Theory of Production and Cost | Unit I: Theory of Production | Click Here |
| Unit II: Theory of Cost | Click Here | |
|
Chapter 4: Meaning and Types of Markets
|
Unit I: Meaning and Types of Markets | Click Here |
| Unit II: Determination of Prices | Click Here | |
| Unit III: Price Output Determination under Different Market Forms | Click Here | |
| Chapter 5: Business Cycles | Click Here | |
| Glossary | Click Here | |
| Part-II: Business and Commercial Knowledge | ||
| Chapter 1: Business and Commercial Knowledge – An Introduction | Click Here | |
| Chapter 2: Business Environment | Click Here | |
| Chapter 3: Business Organizations | Click Here | |
| Chapter 4: Government Policies for Business Growth | Click Here | |
| Chapter 5: Organizations Facilitating Business | Click Here | |
| Chapter 6: Common Business Terminologies | Click Here | |
Importance of CA Foundation Study Material
For every candidate attempting the CA Foundation exam, it is advised to prepare and refer to the ICAI CA Foundation Study Material. The study material prepared by ICAI acts as a guide for exam preparation. If you can prepare for the topics given in the CA study material and are able to solve this paper, you will definitely be able to secure good marks in the final exam.
The reason that the ICAI study material acts as a guide is because it has all the different topics of the exam covered in detail. Practice all the topics thoroughly. You may also want to practice the questions more than once in case you are doubtful. Also, solve the exercises and problems given in the study material. This way your preparation will be thorough for the exam.
How to Download CA Foundation Study Material?
The ICAI study material are available online. Follow the simple steps to download the ICAI foundation study material:
- The CA Foundation consists of four papers.
- In the tables above the list of all topics are mentioned. The links for the study material are mentioned adjacent to each topic.
- By clicking on the link you will be redirected to the ICAI CA Foundation study material PDF of the particular topics. You can download each PDF from there.
Previous Years Question Papers and Mock Question Papers of CA Foundation
Be it any examination, it is always advised that students go through the mock tests and previous year's question papers. It acts as a guiding angel for the preparation and offers a great source of understanding of the question pattern.
Question Papers For Principles and Practice of Accounting
Candidates may download and refer to the previous year’s question papers from the links below.
| January 2021 | Click Here |
| November 2020 | Click Here |
| November 2019 | Click Here |
| May 2019 | Click Here |
| November 2018 | Click Here |
| May 2018 | Click Here |
Question Papers For Business Laws and Business Correspondence and Reporting
Candidates may download and refer to the previous year’s question papers from the links below.
| January 2021 | Click Here |
| November 2020 | Click Here |
| November 2019 | Click Here |
| May 2019 | Click Here |
| November 2018 | Click Here |
| May 2018 | Click Here |
Mock Test Papers with Answers for CA Foundation
CA Foundation mock test papers give us an idea about the paper pattern, types of questions and difficulty level of questions, the ratio of difficult to easy questions and marks per question. Understanding all this is essential before giving any exam. Candidates can download the ICAI Mock Test Papers from the table below.
| Principles and Practice of Accounting | Questions | Click Here |
| Answers | Click Here | |
| Business Laws and Business Correspondence and Reporting | Questions | Click Here |
| Answers | Click Here | |
| Business Mathematics and Logical Reasoning & Statistics | Questions | Click Here |
| Answers | Click Here | |
| Business Economics and Business and Commercial Knowledge | Questions | Click Here |
| Answers | Click Here |
Preparation Tips for CA Foundation
Some essential tips for you to achieve success in your CA Foundation exam have been mentioned below for your reference. By following the tips you will surely achieve success in the exam.
Understand the Syllabus
Before starting your preparation go through the latest syllabus carefully. Knowing the syllabus is even essential for planning your preparation.
Plan Your preparation
After having gone through the syllabus, make a systematic study plan. This will be useful for you to make good use of your preparation time. Allocate time for the different topics. Also, when the examination dates are close you also want to have sufficient time for revision, make sure to plan accordingly.
Solve Previous years papers
Go through and solve the previous year’s question papers. This will help you know the types of questions that have been asked and also anticipate questions that may come for the exam in the future.
Prepare Notes
Notes prepared by yourself will be very useful for revision when the exam dates are close. Also when you prepare notes yourself it is easier for you to prepare from them Therefore this is an Important practice you should follow from day one of your preparation.
Study in a Group
The practice of studying in groups can be very beneficial. You can study with like-minded people, solve question papers together and clear your doubts amongst yourself.
Best Books for CA Foundation Preparation
Apart from the ICAI study material for CA Foundation given above, students can also refer to the other books that are available for the CA foundation. ICAI books are mentioned in the table below:
| Topic | Title of Book | Author |
|---|---|---|
| Principles And Practice Of Accounting | Fundamentals of Accounting | D.G Sharma |
| Fundamentals of Accounting for CA | P.C Tulsian and Bharat Tulsian | |
| CPT Grewal’s Accountancy | M.P Gupta & B.M Aggarwal | |
| Padhuka Basics of Accounting for CA CPT | G. Sekar & B Saravana Prasath | |
| General Economics | S.K.Agarwal | |
| Mercantile Law | Mercantile Laws for CA CPT | P C Tulsian |
| Mercantile Law | M.C.Kucchal and Vivek Kucchal | |
| S Chand Mercantile Laws for CA CPT | P.P.S. Gogna | |
| Quantitative Aptitude | Quantitative Aptitude | Dr. T.Padma and K.C.P Rao |
| Quantitative Aptitude Mathematics With Short Tricks | CA Rajesh Jogani | |
| Quantitative Aptitude | P. N. Arora | |
| Other books for reference | Question Bank with Model Test Papers for CA – Common Proficiency Test (CPT) – Accounting, Mercantile Laws, General Economics & Quantitative Aptitude | R C Bhatt |
| General Economics | P M Salwan & Pranjal B Deshpande | |
| Taxmann’s Business and Commercial Knowledge | Dr C. B. Gupta |
