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Changes made in the Syllabus of CA Foundation Paper 1: Principles and Practices of Accounting (proposed)
vis-a-vis CPT Section A :Fundamentals of Accounting (existing)
Fundamentals of Accounting (60 Principles and Practices of Changes Reasons for changes
Marks) as per the existing syllabus Accounting (100 Marks) as per the (Addition/
proposed syllabus Deletion)
1. Theoretical Framework 1. Theoretical Framework
(i) Meaning and Scope of (i) Meaning and Scope of
accounting accounting
(ii) Accounting Concepts, Principles (ii) Accounting Concepts, Principles
and Conventions and Conventions
(iii) Accounting Standards – (iii) Accounting Standards –
concepts, objectives, benefits concepts, objectives, benefits
(iv) Accounting Policies (iv) Accounting Policies
(v) Accounting as a measurement (v) Accounting as a measurement
discipline – valuation principles, discipline –valuation principles,
accounting estimates accounting estimates
2. Accounting Process 2. Accounting Process
Books of Accounts leading to the Books of Accounts leading to the
preparation of Trial Balance, Capital preparation of Trial Balance, Capital
and revenue expenditures, Capital and revenue expenditures, Capital
and revenue receipts, Contingent and revenue receipts, Contingent
assets and contingent liabilities, assets and contingent liabilities,
Fundamental errors including Fundamental errors including
rectifications thereof. rectifications thereof.
3. Bank Reconciliation Statement 3. Bank Reconciliation Statement
4. Inventories 4. Inventories
Basis of inventory valuation and record Basis of inventory valuation and record
keeping. keeping.
5. Depreciation accounting 5. Depreciation accounting
Methods, computation and accounting Methods, computation and accounting
treatment of depreciation, Change in treatment of depreciation, Change in
depreciation methods. depreciation methods.
6. Preparation of Final Accounts 6. Preparation of Final Accounts
for SoleProprietors for SoleProprietors
7. Simple problems on Financial Addition In the existing curriculum, this topic is covered at
Statements of Not-for-Profit Intermediate (IPC) level Paper 1: Accounting.
Organisations The underlying concepts of this topic is similar to
the principles applied for preparation of final
accounts. Hence, the basic of preparation of
financial statements of Not-for-Profit
Organisations has been covered at Foundation
level and advanced problems on this topic
dealing with sector wise accounting is proposed
to be covered at Intermediate level in Paper 1 :
Accounting.
8. Accounts from Incomplete Addition In the existing curriculum, this topic is covered at
Records Intermediate (IPC) levelPaper 1: Accounting. The
underlying concepts of this topic is also similar to
the principles applied for preparation of final
accounts. Hence, this topic has also been
proposed to be shifted here at Foundation level.
9. Average Due Date and Account Addition In the existing curriculum, this topic is covered at
Current Intermediate (IPC) level Paper 1: Accounting.
The technique of average due date is useful for
calculating interest on transactions made by the
proprietors or partners of a business firm at
several points of time. Account current is very
useful when frequent transactions take place
between the two parties in settlement of their
accounts.The underlying concepts of this topic is
applied in other topics of Foundation like bills of
exchange and partnership for calculation of
interest on capital and drawings.
7. Accounting for Special 10. Accounting for Special
Transactions Transactions
(a) Consignments (a) Consignments
(b) Joint Ventures (b) Joint Ventures
(c) Bills of exchange and promissory (c) Bills of exchange and promissory
notes notes
(d) Sale of goods on approval or (d) Sale of goods on approval or
return basis. return basis
(e) Departmental accounts. Addition The concepts used in this topic are the basic
principles applied for preparation of departmental
accounts. Hence the topic has been shifted here
from Intermediate (IPC) Paper 5 Advanced
Accounting.
8. Partnership Accounts 11. Partnership Accounts
Final accounts of partnership firms – Final accounts of partnership firms –
Basic concepts of admission, Basic concepts of admission,
retirement and death of a partner retirement and death of a partner
including treatment of goodwill. including treatment of goodwill.
9. Introduction to Company 12. Introduction to Company
Accounts Accounts
Issue of shares and debentures, Issue of shares and debentures,
forfeiture of shares, re-issue of forfeiture of shares, re-issue of
forfeited shares, redemption of forfeited shares, redemption of
preference shares. preference shares.
Changes made in the Syllabus of CA Foundation paper 2 (part I): Mercantile Laws (proposed) vis-a-vis Section B:
Mercantile Laws (existing).

Mercantile Laws (40 Marks) Mercantile Laws (60 Marks) Changes Reasons for
(Addition/ changes
Deletion)
1. The Indian Contract Act, 1872: An 1. The Indian Contract Act, 1872: An overview - -
overview of Sections 1 to 75 covering the of Sections 1 to 75 covering the general nature of
general nature of contract, consideration, other contract, consideration, other essential elements
of a valid contract, performance of contract and
essential elements of a valid contract,
breach of contract.
performance of contract and breach of contract.
2. The Sale of Goods Act, 1930: Formation 2. The Sale of Goods Act, 1930: Formation - -
of the contract of sale, Conditions and of the contract of sale, Conditions and
Warranties, Transfer of ownership and delivery Warranties, Transfer of ownership and delivery of
of goods, Unpaid seller and his rights. goods, Unpaid seller and his rights.
3. The Indian Partnership Act, 1932: General 3. The Indian Partnership Act, 1932: General - -
Nature of Partnership, Rights and duties of Nature of Partnership, Rights and duties of
partners, Registration and dissolution of a firm. partners, Registration and dissolution of a firm.
- 4. The Limited Liability Partnership Act, New addition LLP is a new
2008: Introduction- covering nature and scope, corporate structure
Essential features, characteristics of LLP, that combines the
flexibility of a
Incorporation and differences with other forms of
partnership and the
organizations.
advantages of limited
liability of a company
at a low compliance
cost. With the
increasing importance
of the LLP in today’s
business scenario,
the knowledge of LLP
is the requirement of
the CA Profession.
- 5. The Companies Act, 2013 [section 1 to New addition Company law is one
22]: Important definitions, Introduction of [Section 1 to 22 of of the most significant
company & corporate veil theory, Classes of the Companies and pervasive statute
companies, Conversion of company, Act, 2013 has among the various
been shifted from Corporate legislations
Incorporation of company, Memorandum of
Intermediate (IPC) and so form an
Association, Articles of Association, Alteration of
Paper 2, Business important subject of
Memorandum and Articles, Doctrine of Indoor
Ethics and the chartered
Management, Conversion of companies already
Communication, accountancy course.
registered, Promoters, Service of documents.
Existing syllabus The Companies Act,
2013 deals with the
law and regulations
for the formation and
effective working of
the corporate entity
and to deal with the
complexities in the
business and
corporate world.
Note 1: Here, chapters 1 to 4 carries 45 marks and chapter 5 carries 15 marks
Note 2: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new
legislations with effect from dates notified by the Institute.
Changes made in the Syllabus of CA Foundation Paper 2 Part-II
General English (proposed)

Existing Syllabus General English (40-Marks) as per the proposed syllabus Changes Reasons for changes
(Addition/
Deletion)
No existing Section A New Paper Not Applicable
Curriculum Topic :Comprehension Passages and Note Making Curriculum
Subtopic : Comprehension Passages has been designed
• Introduction to Comprehension Passages afresh

• Kind of Questions asked
 Multiple Choice questions
 Questions requiring short answers
Central theme
o
Inference/Conclusion
o
 Questions based on Vocabulary
• Steps to comprehend the text
• Helpful Hints to answer questions
• Points to Ponder
• Sample Passages with answers
• Exercises with answers
Subtopic: Note Making
• Introduction to Note Making
• Significance of Note Making for students
• Detailed Format
 Heading(Title)
 Sub-heading
 Indentation
 Points
 Use of abbreviations
 Summary
 Content
 Expression
• Steps to Comprehend text
• Helpful Hints
• Points to Ponder
• Sample Passages with Notes
• Exercises with answers
Section B Developing Writing Skills
Subtopic: Article Writing
• Format
 Title
 Writer’s Name
• Content (Value points related to the topic) 3-4 Paragraph
 Para 1 : Brief Introduction of the status of the issue
 Para 2 : Analysis of the topic in terms of
Types
o
Consequences
o
Causes
o
Good/bad aspects
o
related information
o
 Para 3: Implications – social /
environmental/Psychological/health related.
 Para 4: Concluding Para-Suggestions / reminders.
• Expression
 Grammatical accuracy, spellings, coherence,
relevance of ideas and style.
• Steps to write an article
 Ideas associated with the topic
 Structuring the ideas in a logical progression.
 Quick Review
Subtopic: Report Writing
• What is a Report
• Essential elements of Report Writing
• Kinds of Reports
 Reporting for a Meeting/Assembly
 Reporting for a Newspaper
 Reporting for a Magazine
• Detailed Format (for each)
 Title
 By- Writer’s Name
 Place, Date
 Body
What
o
When
o
Where
o
Who
o
How
o
• Tips and Conventions of Report Writing
• Sample Reports
• Exercises with Answer hints
Subtopic : Writing Formal Letters
• Detailed format
 Date
 Salutation
 Subject
 Body of the letter
First paragraph
o
Second paragraph
o
 Complimentary Closing
• Points to Remember
Subtopic : Writing Formal Mails
• How to Write a Formal Mail
• Writing Effective Mails
• Essential elements of Mails
 Subject line
 Formal Greetings
 Target Audience(Reader)
 Clarity and Conciseness
 Formal Closing
 Proof read
 Feedback
• Tips and Conventions of Mails
• Sample Mails
• Exercises with answer hints
Subtopic : Resume Writing
• Essential Elements of Resume
 Name and contact details
 Objective Summary
 Academic Qualifications and Achievements
 Co-curricular Achievements
 Training Programs attended/completed
 Strengths
 Interests/Hobbies
 Declaration
 Signature
• Resume Writing Tips and Conventions
• Do’s and Don’ts of Resume Writing
• Sample Resumes
• Exercises with answer hints
Section C: Grammar
Subtopic: Introduction to Basic Writing
• Introduction
• Process of writing
• Styles of Writing
• Significance of writing skills for students
• Writing Conventions
• Characteristics of good writing
• How to make writing effective
• Do’s and Don’ts of good writing
Subtopic: Basic English Grammar(Nouns, Pronouns and Verbs)
• Nouns: Definition, Examples
 Different types and categories of nouns(Classification
with examples)
Common and Proper Noun
o
Abstract and Concrete Noun
o