CA CPT (CA New Foundation Syllabus)

1. CA Foundation Syllabus (New) For May 2018 & Nov 2018 and Chapter wise Weightage CA Foundation Course Syllabus (Revised) For May 2018 & Nov 2018 and Chapter wise Weightage. In our previous articles, we have given CA Foundation Registration Procedure Online, Fees and Last Date details. Today we are providing CA Foundation syllabus and Chapter wise weightage. We already knew that ICAI has made some change to entrance test of CA course I.e. CA CPT 2018 (Common Proficiency Test). They renamed it to CA Foundation course. CA CPT Exam is based on multiple-choice questions only. However, CA Foundation Course comprises of four papers, out of which two are subjective and two are objective type. Negative marking for choosing wrong options is there in objective papers. Paper- 3 and Paper-4 are objective type papers with negative marking. Now check complete CA Foundation course syllabus with marks weightage. CA Foundation Principles and Practice of Accounting Syllabus and Weightage (One paper – Three hours – 100 Marks) 1. Theoretical Framework: 5% to 10% - Meaning and Scope of accounting - Accounting Concepts, Principles and Conventions - Accounting terminology - Glossary - Capital and revenue expenditure, Capital and revenue receipts, Contingent assets and contingent liabilities - Accounting Policies - Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates.

2. - - Accounting Standards – Concepts and Objectives. Indian Accounting Standards – Concepts and Objectives. 2. Accounting Process: 20% to 25% - Books of Accounts - Preparation of Trial Balance - Rectification of Errors. 3. Bank Reconciliation Statement - Introduction, reasons, preparation of bank reconciliation statement. 4. Inventories - Cost of inventory, Net realizable value, Basis and technique of inventory valuation and record keeping. 5. Concept and Accounting of Depreciation - Concepts, Methods of computation and accounting treatment of depreciation, Change in depreciation methods. 6. Accounting for Special Transactions: 15% to 20% - Bills of exchange and promissory notes Meaning of Bills of Exchange and Promissory Notes and their Accounting Treatment; Accommodation bills. - Sale of goods on approval or return basis Meaning of goods sent on approval or return basis and accounting treatment. - 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. - 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. - Royalty accounts - Meaning of the term “Royalty” and Accounting Treatment thereof. - Average due Date - Meaning, Calculation of average due date in various situations. - Account Current - Meaning of Account Current, Methods of preparing Account Current. 7. Final Accounts of Sole Proprietors: 25% to 30% - Elements of financial statements, Closing Adjustment Entries, Trading Account, Profit and Loss Account and Balance Sheet of Manufacturing and Non-manufacturing entities. 8. Partnership Accounts - Final Accounts of Partnership Firms - Admission, Retirement and Death of a Partner including Treatment of Goodwill - Introduction to LLPs and Distinction of LLPs from Partnership.

3. 9. Financial Statements of Not-for-Profit Organizations - The 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. 10. Introduction to Company Accounts: 10% to 15% - Definition of shares and debentures - Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares - Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act, 2013. 11. Basic Accounting Ratios (profitability, solvency, liquidity and turnover): 10% to 15% (One paper – Three hours – 100 Marks) Section A: Business Laws (60 Marks) 1. The Indian Contract Act, 1872:25% to 35% An overview of Sections 1 to 75 covering the general nature of the contract, consideration, other essential elements of a valid contract, performance of the contract, breach of contract, Contingent and Quasi-Contract. 2. The Sale of Goods Act, 1930: 20% to 25% Formation of the contract of sale, Conditions and Warranties, Transfer of ownership and delivery of goods, unpaid seller, and his rights. 3. The Indian Partnership Act, 1932: 20% to 25% General Nature of Partnership, Rights and duties of partners, Reconstitution of firms, Registration and dissolution of a firm. 4. The Limited Liability Partnership Act, 2008: 5% to 10% Introduction- covering nature and scope, Essential features, characteristics of LLP, Incorporation, and differences with other forms of organizations. 5. The Companies Act, 2013: 15% to 20% 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 Note: If new legislation were enacted in place of the existing legislation, the syllabus would include the corresponding provisions of such new legislation with effect from dates notified by the Institute. Section B: Business Correspondence and Reporting (Marks 40) Part – I: Communication: 10% to 15% 1. Communication Part – II: Sentence Types and Word Power: 20% to 30% 2. Sentence Types (Direct-Indirect, Active-Passive Speech) 3. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations and Idioms. Part – III: Comprehension Passages and Note-Making :20% to 30%

4. 4. Comprehension Passages 5. Note Making - Introduction to Note Making Part – IV: Developing Writing Skills: 35% to 40% 6. Introduction to Basic Writing 7. Précis Writing 8. Article Writing 9. Report Writing 10. Writing Formal Letters 11. Writing Formal Emails 12. Resume Writing 13. Meetings CA Foundation Business Mathematics, Logical Reasoning and Statistics Syllabus and Weightage (One paper – Three hours – 100 Marks) Part – A. Business Mathematics (40 Marks) 1. Ratio and Proportion, Indices and Logarithms: 20% to 30% 2. Equations and Matrices 3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function. 4. Time value of Money: 30% to 40% 5. Permutations and Combinations: 30% to 50% 6. Sequence and Series 7. Sets, Relations, and Functions 8. 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) Part – C: Statistics (40 Marks) 1. Statistical description of Data: 45% to 50% 2. Measures of Central Tendency and Dispersion 3. Probability: 25% to 30% 4. Theoretical Distributions 5. Correlation and Regression: 10% to 15% 6. Index Numbers and Time Series: 10% to 15% CA Foundation Business Economics and Business and Commercial Knowledge Syllabus and Weightage (One paper – Three hours – 100 Marks) Part 1: Business Economics (60 Marks) 1. Introduction to Business Economics: 15% to 20% - Meaning and scope of Business Economics - Basic Problems of an Economy and Role of Price Mechanism.

5. 2. Theory of Demand and Supply: 35% to 40% - Meaning and determinants of demand, Law of demand and Elasticity of demand?Price, income and cross elasticity - Theory of consumer’s behavior – Marshallian approach and Indifference curve approach - Meaning and determinants of supply, Law of supply and Elasticity of supply. - Demand Forecasting 3. Theory of Production and Cost - Meaning and Factors of production - Laws 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. 4. Price Determination in Different Markets: 25% to 30% - Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly - Price determination in these markets. 5. Business Cycles: 15% to 20% - Meaning - Phases - Features - Causes behind these Cycles. Part - 2: Business and Commercial Knowledge (40 Marks) 1. Introduction to Business: 15% to 18% - Nature of Business, Profession, and Employment. Objectives of Business. Economic and Non- Economic Activities, Forms of Business Organizations. 2. Business Environment: 15% to 18% - Micro and Macro Environment, Elements of Micro Environment – Consumers/Customers, Competitors, Organization, Market, suppliers, Intermediaries, Elements of Macro Environment – Demographic, Economic, Political-legal, Sociocultural, Technological, Global Environment. 3. Business organizations: 15% to 18% - Overview of leading Indian and Global Companies. 4. Government Policies for Business Growth: 15% to 18% - Policies creating a conducive business environment such as Liberalization, Privatization, Foreign Direct Investment. 5. Organizations facilitating Business: 15% to 18% - Indian regulatory bodies - SEBI, RBI, IRDA, CCI - Indian Development Banks – IFCI, SIDBI, EXIM Bank, NABARD 6. Common Business Terminologies: 15% to 20% - Finance Terminologies.

6. - - - - Marketing Terminologies. Stock & Commodity Markets Terminologies. Banking Terminologies. Other Business Terminologies. Source: http://www.caprep18.com/blog/ca-cpt-mock-test-papers-and-model-test-papers-with- answers-for-december-2017-by-icai-8627