CA Foundation course detail.

By | August 6, 2017
(Last Updated On: August 11, 2017)

CA Foundation course detail.

ICAI already announced new revised syllabus  which comes into the effects from 1ST July 2017. Now passing the CA foundation course become quite easy and challenging. New subjects and topics are being introduced. Offcourse students will benefit for the long term.

ca foundation

The new syllabus, CA foundation course has been cited below.

ACCOUNTS.

ca foundation

1.Theoretical Framework

  1. Meaning and Scope of accounting
  2. Accounting Concepts, Principles and Conventions

iii.       Accounting terminology – Glossary

  1. Capital and revenue expenditure, Capital and revenue receipts, Contingent assets and contingent liabilities
  2. Accounting Policies
  3. Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates

vii. Accounting Standards – Concepts and Objectives

viii. Indian Accounting Standards – Concepts and Objectives

 

  1. 2. Accounting Process
  2. Books of Accounts
  3. Preparation of Trial Balance

iii. Rectification of Errors

 

  1. Bank Reconciliation Statement

Introduction, reasons, preparation of bank reconciliation statement.

 

  1. Inventories

Cost of inventory, Net realizable value, Basis and technique of inventory valuation and record keeping

 

  1. 5. Concept and Accounting of Depreciation

Concepts, Methods of computation and accounting treatment of depreciation, Change in depreciation methods.

 

  1. Accounting for Special Transactions
  2. Bills of exchange and promissory notes

Meaning of Bills of Exchange and Promissory Notes and their Accounting Treatment; Accommodation bills.

  1. Sale of goods on approval or return basis

Meaning of goods sent on approval or return basis and accounting treatment.

iii.Consignments

Meaning and Features of consignment business, Difference between sale and consignment, Accounting

treatments for consignment transactions and events in the books of consignor and consignee.

iv.Joint Ventures for non-corporate entities

Meaning and Features of joint venture transactions, Distinction between joint venture and partnership,

Methods of maintaining joint venture accounts.

v.Royalty accounts

Meaning of the term “Royalty” and Accounting Treatment thereof.

vi.Average due Date

Meaning, Calculation of average due date in various situations.

vii. Account Current Meaning of Account Current, Methods of preparing Account Current.

 

  1. 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.

 

  1. 8. Partnership Accounts

i.Final Accounts of Partnership Firms

  1. Admission, Retirement and Death of a Partner including Treatment of Goodwill

iii. Introduction to LLPs and Distinction of LLPs from Partnership

 

  1. 9. Financial Statements of Not-for-Profit Organizations

Significance of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet, Difference

between Profit and Loss Account and Income and Expenditure Account. Preparation of Receipt and Payment

Account, Income and Expenditure Account and Balance Sheet.

 

  1. Introduction to Company Accounts

i.Definition of shares and debentures

ii.Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares

iii. Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act, 2013.

 

  1. 11. Basic Accounting Ratios (profitability, solvency, liquidity and turnover)

 

BUSINESS STUDIES.

  1. The Indian Contract Act, 1872:

An overview of Sections 1 to 75 covering the general nature of contract,

consideration, other essential elements of a valid contract, performance of contract, breach of contract, Contingent

and Quasi Contract.

  1. 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.

  1. The Indian Partnership Act, 1932:

General Nature of Partnership, Rights and duties of partners, Reconstitution

of firms, Registration and dissolution of a firm.

  1. The Limited Liability Partnership Act, 2008: Introduction- covering nature and scope, Essential features, Characteristics of LLP, Incorporation and Differences with other forms of organizations.
  2. 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.

 

Communication.

  1. Types

ii.Directions

  1. Network
  2. Process

v.Problems

  1. Barriers

vii. Types of Communication

  1. Interpersonal Skills

b.Listening Skills

c.Emotional Intelligence

viii. Exercises with Answers

 

Part II: Sentence Types and Word Power.

  1. Sentence Types (Direct-Indirect, Active-Passive Speech)
  2. Sentence: Definition

ii.Classification of sentence based on connotation

  1. Assertive sentences
  2. Interrogative sentences
  3. Imperative sentences
  4. Exclamatory sentences
  5. Optative sentences

iii. Sentence Structure

  1. Subject and Predicate

b.Verb (Auxiliary, Finite)

c.Object (Direct , Indirect)

  1. Complement
  2. Adjunct or Adverbial

f.Clause Structure

  1. Types of Clauses
  2. Independent clauses
  3. Dependent clauses
  4. Relative or noun clauses
  5. Types of sentences
  6. Simple sentence
  7. Compound sentence
  8. Complex sentence
  9. Compound-complex sentence

v.Direct-Indirect Speech

  1. Introduction
  2. Procedure for converting Direct speech into Indirect speech

Rules for converting Direct speech into Indirect speech

-Change in pronouns

-Change in tenses

-Change in modals

– Changes for Imperative sentences

 

  • Network
  1. Process

v.Problems

  1. Barriers

vii. Types of Communication

  1. Interpersonal Skills

b.Listening Skills

c.Emotional Intelligence

viii. Exercises with Answers

Part II: Sentence Types and Word Power

  1. Sentence Types (Direct-Indirect, Active-Passive Speech)
  2. Sentence: Definition

ii.Classification of sentence based on connotation

  1. Assertive sentences
  2. Interrogative sentences
  3. Imperative sentences
  4. Exclamatory sentences
  5. Optative sentences

iii. Sentence Structure

  1. Subject and Predicate

b.Verb (Auxiliary, Finite)

c.Object (Direct , Indirect)

  1. Complement
  2. Adjunct or Adverbial

f.Clause Structure

  1. Types of Clauses
  2. Independent clauses
  3. Dependent clauses
  4. Relative or noun clauses
  5. Types of sentences
  6. Simple sentence
  7. Compound sentence
  8. Complex sentence
  9. Compound-complex sentence

v.Direct-Indirect Speech

  1. Introduction
  2. Procedure for converting Direct speech into Indirect speech

Rules for converting Direct speech into Indirect speech

Change in pronouns

Change in tenses

Change in modals

–Changes for Imperative sentences

—Changes for Exclamatory sentences

–Changes for Interrogative sentences

–Punctuation in Direct speech

  1. Rules for converting Indirect speech into Direct speech
  2. Active Passive Voice: Introduction
  3. Usage : Active Vs passive voice

b.Reasons for using Passive voice

c.Changing Passive voice to Active voice

  1. Changing Active voice to Passive voice
  2. Suggestions for using Active and Passive voice

vii. Verbs Voice: Active or passive

viii. Exercises with Answers

 

  1. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations & Idioms
  2. Introduction
  3. Significance of improving vocabulary
  4. How to improve vocabulary

iii. Root words

  1. Synonyms and Antonyms
  2. Words formed by using Prefixes
  3. Words formed by using Suffixes

vii. Phrasal verbs

viii. Collocations

  1. Idioms

x.Exercises with Answers

 

Part III: Comprehension Passages and Note Making

  1. Comprehension Passages
  2. Introduction to Comprehension Passages
  3. Points to ponder

iii. Sample Passages with answers

  1. Exercises with Answers
  2. Note Making
  3. Introduction to Note Making
  4. Significance of Note Making

iii. Detailed Format § Heading(Title)

  1. Sub-heading
  2. Indentation
  3. Points
  4. Use of abbreviations
  5. Summary
  6. Content
  7. Expression
  8. Steps to Comprehend and summarize text
  9. Helpful Hints
  10. Sample Passages with Notes

vii. Exercises with Answers

 

 

 

Part IV: Developing Writing Skills.

  1. Introduction to Basic Writing

I.Introduction

ii.Process of writing

iii. Styles of Writing

  1. Significance of writing skills for students

v.Writing Conventions

  1. Characteristics of good writing

vii. Do’s and Don’ts of good writing

viii. Exercises with Answers, Hints

 

. Précis Writing

  1. What is Précis writing?
  2. Features of good Précis writing

iii. How to write a Précis

  1. Do’s and Don’ts of Précis writing
  2. Examples(Passages with Précis)
  3. Exercises with Answers

 

Article Writing

  1. What is an Article?
  2. Essential elements of Article Writing

iii. Detailed Format

  1. Title
  2. By- Writer’s Name
  3. Body

–Introduction

— Main Idea-Support

–Conclusion

  1. Sample Articles
  2. Exercises with Answers.

 

Report Writing

i.What is a Report?

ii.Essential elements of Report Writing

iii.Kinds of Reports

  1. Reporting for a Meeting/Assembly
  2. Reporting for a Newspaper

c.Reporting for a Magazine

 

  1. Detailed Format for (iii) above
  2. Title
  3. By- Writer’s Name
  4. Place, Date
  5. Body

What

When

Where

Who

How

  1. Tips and Conventions of Report Writing
  2. Sample Reports
  3. Exercises with Answers Clues

 

Writing Formal Letters

  1. Types of Letters
  2. Circulars
  3. Complaints
  4. Memos
  5. Promotional Content
  6. Sales

f.Recovery/Remittances

  1. Detailed format for (I) above
  2. Date
  3. Salutation
  4. Subject
  5. Body of the letter

First paragraph

Second paragraph

  1. Complimentary Closure

iii. Points to Remember

  1. Sample Letters

v.with Answers Clues.

  1. Writing Formal Mails
  2. How to Write a Formal Mail?
  3. Writing Effective Mails

iii. Essential elements of Mails

  1. Subject line

b.Formal Greetings

c.Target Audience(Reader)

  1. Clarity and Conciseness

e.Formal Closing

f.Proof read

  1. Feedback
  2. Tips and Conventions of Mails
  3. Sample Mails
  4. Exercises with Answers Clues

 

Resume Writing

  1. Essential Elements of Resume
  2. Name and contact details
  3. Objective Summary
  4. Academic Qualifications and Achievements
  5. Co-curricular Achievements

e.Training Programs attended/completed

  1. Strengths
  2. Interests/Hobbies
  3. Declaration

I.Signature

ii.Resume Writing Tips and Conventions

iii. Sample Resumes

  1. Exercises with Answers Clues

 

Meetings

  1. Notice
  2. Agenda

iii. Drafting minutes

  1. Action Taken Report

v.Exercises with Answers Clues.

 

Business Mathematics.

  1. 1. Ratio and Proportion, Indices and Logarithms

Ratio and Proportion (Business Applications related to Ratio and Proportion) Laws of Indices, Exponents and

Logarithms and Anti Logarithm.

  1. Equations and Matrices

i.Equations: Simultaneous linear equations up to three variables, Quadratic and Cubic equations in one

variable.

ii.Matrices: Algebra of Matrices, Inverse of a Matrix and determinants, solving system of equations by Cramer’s

Rule (involving not more than three variables)

 

  1. 3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.
  2. 4. Time value of Money

i.Simple Interest

ii.Compound interest

iii. Depreciation

  1. Effective Rate of Interest

v.Present Value

  1. Net Present Value

vii. Future Value

viii. Perpetuity

  1. Annuities

x.Sinking Funds

  1. Valuation of Bonds

xii. Calculations of Returns

  1. Nominal Rate of Return
  2. Effective Rate of Return
  3. Compound Annual Growth Rate (CAGR).

 

5.Permutations and Combinations

Basic concepts of Permutations and Combinations: Introduction, Factorial, Permutations results, Circular Permutations, Permutations with restrictions, Combinations with standard results.

 

  1. Sequence and Series

Introduction Sequences, Series, Arithmetic and Geometric progression, Relationship between AM and GM and Sum of in terms of the special series

 

  1. 7. Sets, Relations and Functions
  2. Basic applications of Differential and Integral calculus

(Excluding the trigonometric applications),

Applications of Marginal Cost and Marginal Revenue etc..

 

Part B: Logical Reasoning 20 Marks

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

 

Part C: Statistics 40 Marks

  1. Statistical description of Data

Statistical Representation of Data, Diagrammatic representation of data, Frequency distribution, Graphical

representation of Frequency Distribution – Histogram, Frequency Polygon, Ogive, Pie-chart.

  1. Measures of Central tendency and Dispersion

Measures of Central Tendency and Dispersion: Mean, Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Co-efficient of Variation, Coefficient of Quartile Deviation.

  1. Probability

Probability: Independent and dependent events; mutually exclusive events. Total and Compound Probability and

Mathematical Expectation.

  1. Theoretical Distributions

Theoretical Distributions: Binomial Distribution, Poisson distribution – Basic application and Normal Distribution – Basic applications.

  1. Correlation and Regression

Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Probable Error and Probable limits. Regression lines, Regression equations, Regression coefficients.

  1. Index Numbers and Time Series
  2. Index Numbers: Uses of Index Numbers, Problems involved in construction of Index Numbers, Methods of construction of Index Numbers.
  3. Time Series Analysis – Components of Time Series and Calculation of Trend by Moving Average Method.

                    Business Economics.

  1. 1. Introduction to Business Economics

i.Meaning and scope of Business Economics

ii.Basic problems of an Economy and role of Price Mechanism.

  1. Theory of Demand and Supply

i.Meaning and determinants of demand, Law of demand and Elasticity of demand ─ Price, Income and Cross

elasticity

ii.Theory of consumer’s behaviour – Marshallian approach and Indifference curve approach

iii. Demand Forecasting

  1. Meaning and determinants of supply, Law of supply and Elasticity of supply.
  2. Theory of Production and Cost

i.Meaning and Factors of production

ii.Laws of Production – The Law of Variable Proportions and Laws of Returns to Scale, Producer’s equilibrium

iii. Concepts of Costs – Short-run and long-run costs, Average and marginal costs, Total, fixed and variable costs.

  1. Price Determination in Different Markets

i.Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly

ii.Price determination in these markets.

  1. 5. Business Cycles

i.Meaning

ii.Phases

iii. Features

  1. Causes behind these Cycles.

                          Business and Commercial Knowledge.

  1. Business and Commercial Knowledge – An Introduction

Nature of Business, Profession and Employment. Objectives of Business. Economic and Non-Economic Activities, Forms of Business Organizations.

  1. Business Environment

Micro and Macro Environment, Elements of Micro Environment – Consumers/Customers, Competitors,

Organization, Market, suppliers, Intermediaries, Elements of Macro Environment – Demographic, Economic,

Political-legal, Socio-cultural, Technological, Global Environment.

  1. Business Organizations

Overview of selected Indian and Global Companies.

  1. Government Policies for Business Growth

Policies creating conducive business environment such as Liberalization, Privatization, Foreign Direct Investment.

  1. . Organizations Facilitating Business
  2. Indian Regulatory Bodies – RBI, SEBI, CCI, IRDAI

ii.Indian Development Banks – IFCI, SIDBI, EXIM Bank, NABARD

  1. Common Business Terminologies

i.Finance and Stock & Commodity Markets Terminology

ii.Marketing Terminology

iii. Banking Terminology

  1. Other Business Terminology

 

Requirements for Passing Foundation Examination.

A candidate is declared to have passed the Foundation examination, if he obtain at one sitting a minimum of 40% marks in each paper and minimum of 50% marks in the aggregate of all the papers

 

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