The first paper in the CA Foundation course is called Principles and Practice of Accounting, or CA Foundation Accounts. The foundational accounting concepts covered in books are part of the CA Foundation accounts curriculum.
Each of the ten chapters that make up the CA Foundation Accounts paper is worth 100 points. Students should finish their studies as soon as possible and begin working on the practice exams since the CA Foundation exams are quickly approaching.
This comprehensive guide on CA Foundation Accounts includes study materials, a paper pattern, chapter-by-chapter weighting, test-taking advice, and sample questions.
CA Foundation Accounts Overview
The foundational concepts and procedures of accounting are covered in the first CA Foundation paper, Accounts. Additionally, Accounting is a crucial component of the entire CA Course. You can learn more about debit, credit, debtors and creditors, or basic accounting entities, and their underlying principles by studying the theoretical portion of the Principles and Practice of Accounting syllabus.
Students find it easier to understand how they are treated in accounts books once they have a basic comprehension. Additionally, they will learn how to use various ratios to analyze accounting statements and assist in resolving difficult company issues.
The accounts papers will be held on June 20, 2024, in accordance with the CA Foundation Exam Dates for June and September 2024.
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CA Foundation Accounts Study Material for 2024 Exams
Module 1:
- Initial Pages
- Chapter 1: Theoretical Framework
- Unit 1: Meaning and Scope of Accounting
- Unit 2: Accounting Concepts, Principles And Conventions
- Unit 3: Accounting Terminology – Glossary
- Unit 4: Capital And Revenue Expenditures and Receipts
- Unit 5: Contingent Assets and Contingent Liabilities
- Unit 6: Accounting Policies
- Unit 7: Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
- Chapter 2: Accounting Process
- Chapter 3: Bank Reconciliation Statement
- Chapter 4: Inventories
- Chapter 5: Depreciation and Amortisation
- Chapter 6: Accounting for Special Transactions
- Chapter 7: Preparation of Final Accounts of Sole Proprietors
- Module 2:
- Chapter 8: Financial Statements of Not-for-Profit Organisations
- Chapter 9: Accounts from Incomplete Records
- Chapter 10: Partnership and LLP Accounts
- Chapter 11: Company Accounts
Additionally, Check how you can join CA Foundation Online Classes for all subjects. Also, Check the detailed guide on how to become CA after 12th science.
CA Foundation Accounts Paper Pattern 2024
In order to perform well on the ICAI Foundation Accounts exam, students must be aware of the most recent examination pattern. As a result, the CA Foundation Accounts paper format for the June 2024 exams is mentioned in the following table.
| Particular | Details |
| Total Question | 6 (students need to answer only 5) |
| Exam Duration | 3 hours |
| Maximum Marks | 100 marks |
| CA Foundation Accounts Exam Date | June 20, 22, 24 and 26, 2024 |
| Assassinate Pattern | According to comprehensive knowledge, analytical skill, and reporting efficiency. |
| Type of Questions | Both practical and theoretical. |
ICAI CA New Scheme Syllabus & Subjects 2024
CA Foundation Accounts Chapter-Wise Weightage for June 2024
You can see the breakdown of chapters and modules according to the marks weightage given In exams and plan your study accordingly
| Weightage | Chapter |
| 5%-10% | Chapter 1: Theoretical Framework Unit 1: Meaning and Scope of Accounting Unit 2: Accounting Concepts, Principles And Conventions Unit 3: Accounting Terminology – Glossary Unit 4: Capital And Revenue Expenditures and Receipts Unit 5: Contingent Assets and Contingent Liabilities Unit 6: Accounting Policies Unit 7: Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates Unit 8: Accounting Standards Unit 9: Indian Accounting Standards |
| 20%-25% | Chapter 2: Accounting Process Unit 1: Basic Accounting Procedures – Journal Entries Unit 2: Ledgers Unit 3: Trial Balance Unit 4: Subsidiary Books Unit 5: Cash Book Unit 6: Rectification of Errors Chapter 3: Bank Reconciliation Statement Chapter 4: Inventories Chapter 5: Concept and Accounting of Depreciation |
| 15%-20% | 15%-20% Chapter 6: Accounting for Special Transactions Unit 1: Bill Of Exchange and Promissory Notes Unit 2: Sale of Goods on Approval or Return Basis Unit 3: Consignment Unit 4: Joint Ventures Unit 5: Royalty Accounts Unit 6: Average Due Date Unit 7: Account Current |
| 25%-30% | 25%-30% Chapter 7: Preparation of Final Accounts of Sole Proprietors Unit 1: Final Accounts of Non-Manufacturing Entities Unit 2: Final Accounts of Manufacturing Entities Chapter 8: Partnership Accounts Unit 1: Introduction to Partnership Accounts Unit 2: Treatment of Goodwill in Partnership Accounts Unit 3: Admission of a New Partner Unit 4: Retirement of a Partner Unit 5: Death of a Partner Chapter 9: Financial Statements of Not-for-Profit Organizations |
| 10%-15% | 10%-15% Chapter 10: Company Accounts Unit 1: Introduction to Company Accounts Unit 2: Issue, Forfeiture and Re-Issue of Shares Unit 3: Issue of Debentures Chapter 11: Basic Accounting Ratios |
CA Foundation Accounting Self-Study Plan 2024
Put the ideas and formulas on a chart and tape it to the wall of your room so you may easily refer to it when needed.
Take notes and provide your own explanations for each concept and theory.
Create charts with all of the accounting rules, and make an effort to learn them by heart in a fun way.
Determine the nature of the product and do a comprehensive analysis of it before treating it while creating accounting statements.
Once you’ve finished the course, get the CA Foundation practice questions and answers and go to work. Check your answer sheet with the ICAI solutions after you’ve finished the paper to evaluate your performance.
That is all about the CA Foundation Accounts paper for the June 2024 exam. Now, you have better insights into the syllabus, study material, paper pattern, and also chapter-wise weightage. Moreover, you also have past year’s question papers, MTPs, RTPs, and a study plan to score more in CA Foundation accounts.
We wish you all the best for the future.
