ICAI CA Foundation Course Syllabus November 2018

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Are you looking for the CA Foundation syllabus? Then you have landed on the correct page. From the given page students can download CA Foundation syllabus in pdf format.http://cawizard.com/ca-foundation-syllabus/

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CA Wizard ICAI CA Foundation Course Syllabus  November 2018  ​Are you looking for the CA Foundation syllabus Then you have landed on the correct page. From the given page students can download CA Foundation syllabus in pdf format. You can also download ​CA Foundation Study Material ​applicable for Nov 2018 from the given link. The Chartered Accountancy institute has introduced a drastic change in the ​CA Curriculum ​. The ​new CA CPT Course ​ by replacing CPT Common Proficiency Course with ​CA Foundation Course ​. Students registered with the old syllabus and looking for ​CPT study material ​ follow the above link. The main motto behind introducing CA Foundation is to make the entry-level difficult than earlier. ICAI is taking a new initiative to create more efficient Chartered Accountants by implementing CA Foundation in place of CPT. CA Wizard

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CA Wizard CA Foundation is an entry-level test designed to get entry into the ​Chartered Accountancy Course ​. The student can get ​register in CA Foundation course ​​after appearing in the 12th examination and can appear in this exam after passing the 12th examination. Also read the ​CA Prospectus. CA Foundation exams conduct twice in a year MAY/NOV same as other levels Intermediate and Final. However CPT exams are conducting in July/Dec. Before appearing in the exam you must complete the four months study period. For appearing in November 2018 you need to register yourself on or before 30th June 2018. CA Foundation November 2018 Paper Pattern and Marking Scheme CA Foundation conducts at 400 marks comparing to CPT Common Proficiency Test which conducts at 200 marks. It comprises of four subjects two of which are subjective and other two are objective. The paper pattern earlier was completely objective but seeing the demand the subjective pattern has introduced in some subjects. In addition to this two new subjects has also introduced after seeing their importance General English and Business and Commercial Knowledge. The first paper in CA Foundation is Principles and Practices of Accounting which is replacing Fundamentals of Accounting second paper is Business Laws and Business Correspondence and Reporting in which a new subject General English has added. The above two papers are subjective in the CA Foundation exams. However the third paper is of Business Mathematics Logical Reasoning and Statistics and paper four is Business Economics and Business and Commercial Knowledge in which Business and Commercial Knowledge has newly added. The last-second papers are objective same as earlier. We can understand this in a better way through the mode and format given below:- Papers in CA Foundation Course – 1. Principles and practices of Accounting100 Marks 2. Business Laws and Business Correspondence and reporting 100 Marks ■ Business Laws 60 Marks ■ Business Correspondence and Reporting 40 Marks 3. Business Mathematics and Logical Reasoning and Statistics. 100 Marks CA Wizard

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CA Wizard ■ Business Mathematics40 Marks and Logical Reasoning 20 Marks ■ Statistics 40 Marks 4. Business Economics and Business and Commercial Knowledge 100 Marks ■ Business Economics60 Marks ■ Business and Commercial Knowledge 40 Marks CA Foundation Syllabus We are providing you complete CA Foundation syllabus under separate heads for ease of your understanding. This CA Foundation new syllabus is applicable for November 2018 Exams and onwards. Paper – 1: Principles and Practices of Accounting Syllabus 100 Marks Fundamentals of Accounting is renamed by Principles and Practices of Accounting. This is the basic understanding of Accounting what students have gone through in 11th and 12th standard. The understanding of basic concepts and application of the same in preparing Financial statements at the initial level. Topics Covered 1. Theoretical Framework 2. Accounting Concepts Principles and Conventions. 3. Accounting Terminology- Glossary 4. Capital and Revenue Expenditure Capital and Revenue Receipts contingent assets and contingent liabilities. CA Wizard

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CA Wizard 5. Accounting Policies 6. Accounting as a Measurement Discipline- Valuation Principles and Accounting Estimates. 7. Accounting Standards- Concepts and objectives. 8. Indian Accounting StandardsIND AS – Concepts and Objectives Just an Overview Accounting Process 1. Books of Accounts 2. Preparation of Trial Balance 3. Rectification of Errors Bank Reconciliation Statements Introductory part and its preparation. Inventories Calculation of cost Net Realisable Value and its disclosure in the Financial Statements. Depreciation Accounting and its Concepts Methods of Depreciation Its computation treatment and relevant disclosure in the Financial Statements. Accounting for Special Transactions 1. Bill of Exchange and Promissory Notes : ​​ Meaning and its treatment in the Accounts 2. Sale of Goods on approval or return basis ​​ : Meaning and its accounting treatment. 3. Consignments ​​ : Meaning of consignment transactions the difference between sale and consignment the accounting treatment of such transactions and events in the books of consignor and consignee. 4. Joint Venture for Non ​​ ​– Corporate Entities ​​ : Meaning and features Distinction between a joint venture and partnership and Methods of maintaining Joint Venture Accounts. CA Wizard

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CA Wizard 5. Royalty Accounts ​​ : Meaning and methods of maintaining such accounts. 6. Average due date ​​ : Meaning and its calculation in various situations. 7. Account Current ​​ : Meaning and Methods of its preparation. 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. Partnership Accounts – 1. Final Accounts of Partnership Firms 2. Admission Retirement and Death of a Partner including Treatment of Goodwill 3. Introduction to LLPs and Distinction of LLPs from Partnership. Financial Statements of Non-Profit Organisations 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. Introduction to Company Accounts 1. Definition of shares and debentures 2. The issue of shares and debentures forfeiture of shares re-issue of forfeited shares 3. Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act 2013. 4. Basic Accounting Ratios Profitability Solvency Liquidity and Turnover CA Wizard

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CA Wizard Paper -2 : Business Laws and Business Correspondence and Reporting Syllabus Section A – BUSINESS LAWS Syllabus 60 Marks Basic Understanding of the General Laws which are required to comply with the attestation work and preparation of Financial Statements. Contents 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. The Sales of Goods Act1930 – ​​Formation of the contract of sale Conditions and Warranties Transfer of ownership and delivery of goods Unpaid seller and his rights. The Indian Partnership Act 1932 – ​​General Nature of Partnership Rights and duties of partners Reconstitution of firms Registration and dissolution of a firm. The Limited Liability Partnership Act 2008 – ​​ Introduction- covering nature and scope Essential features Characteristics of LLP Incorporation and Differences with other forms of organizations. 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 CA Wizard

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CA Wizard Section B -Business Correspondence and Reporting Syllabus 40 Marks This subject is newly introduced in CA Foundation course seeing their requirement in the corporate world. The Basic aim is to develop good communication skills for Business Correspondence and reporting. Contents ● PART – I ● Communication 1. Types 2. Directions 3. Network 4. Process 5. Problems 6. Barriers 7. Types of Communications 1. Interpersonal Skills 2. Listening Skills 3. Emotional Intelligence 8. Exercises with Answers ● PART -II Sentence Type and Word Power ● Sentence Types Direct-Indirect Active-Passive Speech 1. Sentence: Definition 2. Classification of sentence based on connotation 1. Assertive sentences 2. Interrogative sentences 3. Imperative sentences 4. Exclamatory sentences 5. Optative sentences 3. Sentence Structure 1. Subject and Predicate 2. Verb Auxiliary Finite 3. Object Direct Indirect 4. Complement 5. Adjunct or Adverbial 6. Clause Structure 7. Types of Clauses 1. Independent clauses CA Wizard

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CA Wizard 2. Dependent clauses 3. Relative or noun clauses 4. Types of sentences 1. Simple sentence 2. Compound sentence 3. Complex sentence 4. Compound-complex sentence 5. Direct-Indirect Speech 1. Introduction 2. Procedure for converting Direct speech into Indirect speech 1. Rules for converting Direct speech into Indirect speech 2. Change in pronouns 3. Change in tenses 4. Change in modals 5. Changes for Imperative sentences 6. Changes for Exclamatory sentences 7. Changes for Interrogative sentences 8. Punctuation in Direct speech 3. Rules for converting Indirect speech into Direct speech 6. Active Passive Voice: Introduction 1. Usage: Active Vs passive voice 2. Reasons for using Passive voice 3. Changing Passive voice to Active voice 4. Changing Active voice to Passive voice 5. Suggestions for using Active and Passive voice 7. Verbs Voice: Active or passive 8. Exercises with Answers ● Vocabulary Root Words Synonyms Antonyms Prefixes Suffixes Phrasal verbs Collocations Idioms 1. Introduction 2. Significance of improving vocabulary 3. How to improve vocabulary 4. Root words 5. Synonyms and Antonyms 6. Words formed by using Prefixes 7. Words formed by using Suffixes 8. Phrasal verbs 9. Collocations CA Wizard

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CA Wizard 10. Idioms 11. Exercises with Answers ● Part III: Comprehension Passages and Note-Making ● Comprehension Passages 1. Introduction to Comprehension Passages 2. Points to ponder 3. Sample Passages with answers 4. Exercises with Answers ● Note Making 1. Introduction to Note Making 2. Significance of Note Making 3. Detailed Format HeadingTitle 1. Sub-heading 2. Indentation 3. Points 4. Use of abbreviations 5. Summary 6. Content 7. Expression 4. iv. Steps to Comprehend and summarize text 5. v. Helpful Hints 6. vi. Sample Passages with Notes 7. vii. Exercises with Answers ● Part IV: Developing Writing Skills ● Introduction to Basic Writing 1. Introduction 2. Process of writing 3. Styles of Writing 4. Significance of writing skills for students 5. Writing Conventions 6. Characteristics of good writing 7. Do’s and Don’ts of good writing 8. Exercises with Answers Hints ● Précis Writing 1. What is Précis writing 2. Features of good Précis writing 3. How to write a Précis 4. Do’s and Don’ts of Précis writing 5. ExamplesPassages with Précis CA Wizard

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CA Wizard 6. Exercises with Answers ● Article Writing ● What is an Article ● Essential elements of Article Writing ● Detailed Format 1. Title 2. By- Writer’s Name 3. Body 1. Introduction 2. Main Idea-Support 3. Conclusion 4. Sample Articles 5. Exercises with Answers ● Report Writing 1. What is a Report 2. Essential elements of Report Writing 3. Kinds of Reports 1. Reporting for a Meeting/Assembly 2. Reporting for a Newspaper 3. Reporting for a Magazine 4. Detailed Format for iii above 5. Title 6. By- Writer’s Name 7. Place Date 8. Body 1. What 2. When 3. Where 4. Who 5. How 9. Tips and Conventions of Report Writing 10. Sample Reports 11. Exercises with Answers Clues ● Writing Formal Letters 1. Types of Letters 1. Circulars 2. Complaints 3. Memos 4. Promotional Content 5. Sales 6. Recovery/Remittances CA Wizard

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CA Wizard 2. Detailed format for I above 1. Date 2. Salutation 3. Subject 4. Body of the letter 1. First paragraph 2. Second paragraph 5. Complimentary Closure 3. Points to Remember 4. Sample Letters 5. Exercises with Answers Clues ● Writing Formal Mails 1. How to Write a Formal Mail 2. Writing Effective Mails 3. Essential elements of Mails 1. Subject line 2. Formal Greetings 3. Target AudienceReader 4. Clarity and Conciseness 5. Formal Closing 6. Proof read 7. Feedback 4. Tips and Conventions of Mails 5. Sample Mails 6. Exercises with Answers Clues ● Resume Writing 1. Essential Elements of Resume 1. Name and contact details 2. Objective Summary 3. Academic Qualifications and Achievements 4. Co-curricular Achievements 5. Training Programs attended/completed 6. Strengths 7. Interests/Hobbies 8. Declaration 9. Signature 2. Resume Writing Tips and Conventions 3. Sample Resumes 4. Exercises with Answers Clues ● Meetings 1. Notice CA Wizard

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CA Wizard 2. Agenda 3. Drafting minutes 4. Action Taken Report 5. Exercises with Answers Clues. Paper – 3 BUSINESS MATHEMATICS LOGICAL REASONING AND STATISTICS Syllabus Objective 1. To develop an understanding of the basic Maths and Statistical tools and their application in Business Finance and Economics. 2. To develop logical reasoning skills and apply the same in simple problem-solving. Contents Part A: Business Mathematics Syllabus 40 Marks ● Ratio and Proportion Indices and Logarithms ● Ratio and Proportion Business Applications related to Ratio and Proportion Laws of Indices Exponents and Logarithms and Anti-Logarithms. ● Equations and Matrices 1. Equations: Simultaneous linear equations up to three variables Quadratic and Cubic equations in one variable. 2. Matrices: Algebra of Matrices Inverse of a Matrix and determinants solving system of equations by Cramer’s Rule involving not more than three variables. CA Wizard

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CA Wizard ● Linear Inequalities with Objective Functions and Optimization w.r.t. objective function. ● Time value of Money 1. Simple Interest 2. Compound interest 3. Depreciation 4. Effective Rate of Interest 5. Present Value 6. Net Present Value 7. Future Value 8. Perpetuity 9. Annuities 10. Sinking Funds 11. Valuation of Bonds 12. Calculations of Returns 1. Nominal Rate of Return 2. Effective Rate of Return 3. Compound Annual Growth Rate CAGR. ● Permutations and Combinations ● Basic concepts of Permutations and Combinations: Introduction Factorial Permutations results Circular Permutations Permutations with restrictions Combinations with standard results. ● Sequence and Series ● Introduction Sequences Series Arithmetic and Geometric progression Relationship between AM and GM and Sum of n terms of special series ● Sets Relations and Functions ● Basic applications of Differential and Integral calculus ● Excluding the trigonometric applications Applications of Marginal Cost and Marginal Revenue etc. CA Wizard

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CA Wizard Part B: Logical Reasoning Syllabus 20 Marks ● Number series Coding and Decoding and odd man out. ● Direction Tests ● Seating Arrangements ● Blood Relations ● Syllogism. Part C: Statistics Syllabus 40 Marks ● 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. ● 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. ● Probability ● Probability: Independent and dependent events mutually exclusive events. Total and Compound Probability and Mathematical Expectation. ● Theoretical Distributions ● Theoretical Distributions: Binomial Distribution Poisson distribution – Basic application and Normal Distribution – Basic applications. ● 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. ● Index Numbers and Time Series CA Wizard

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CA Wizard 1. Index Numbers : Uses of Index Numbers Problems involved in the construction of Index Numbers Methods of construction of Index Numbers. 2. Time Series Analysis : Components of Time Series and Calculation of Trend by Moving Average Method. Paper 4- Business Economics and Business and Commercial Knowledge Syllabus Part I – Business Economics Syllabus 60 Marks Objective To develop an understanding of concepts and theories in Business Economics and apply such concepts and theories in simple problem solving. Content ● Introduction to Business Economics 1. Meaning and scope of Business Economics 2. Basic problems of an Economy and role of Price Mechanism. ● Theory of Demand and Supply 1. Meaning and determinants of demand Law of demand and Elasticity of demand ─ Price Income and Cross elasticity 2. Theory of consumer’s behaviour – Marshallian approach and Indifference curve approach 3. Demand Forecasting 4. Meaning and determinants of supply Law of supply and Elasticity of supply. ● Theory of Production and Cost 1. Meaning and Factors of production CA Wizard

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CA Wizard 2. Laws of Production – The Law of Variable Proportions and Laws of Returns to Scale Producer’s equilibrium 3. Concepts of Costs – Short-run and long-run costs Average and marginal costs Total fixed and variable costs. ● Price Determination in Different Markets 1. Various forms of markets – Perfect Competition Monopoly Monopolistic Competition and Oligopoly 2. Price determination in these markets. ● Business Cycles 1. Meaning 2. Phases 3. Features 4. Causes behind these Cycles. PART-II Business and Commercial Knowledge Syllabus40 Marks Objective To develop an understanding of common business and commercial concepts and to keep abreast with developments in the business and commercial world. Contents ● Business and Commercial Knowledge – An Introduction ● Nature of Busines Profession and Employment. Objectives of Business. Economic and Non-Economic Activities Forms of Business Organizations. ● 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. CA Wizard

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CA Wizard ● Business Organizations ● Overview of selected Indian and Global Companies. ● Government Policies for Business Growth ● Policies creating conducive business environment such as Liberalization Privatization Foreign Direct Investment. ● Organizations Facilitating Business 1. Indian Regulatory Bodies – RBI SEBI CCI IRDAI 2. Indian Development Banks – IFCI SIDBI EXIM Bank NABARD ● Common Business Terminologies 1. Finance and Stock Commodity Markets Terminology 2. Marketing Terminology 3. Banking Terminology 4. Other Business Terminology NOTE Students are expected to read at least one financial newspaper and one business magazine on a regular basis. They may also watch a business channel to remain updated about the developments related to the commercial world. CA Wizard

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