CA Foundation Paper 1 Principles and Practices of Accounting Syllabus

 

CA Foundation Paper 1 Principles and Practices of Accounting Syllabus

CA Foundation Paper 1 Principles and Practices of Accounting Syllabus

PAPER 1 : PRINCIPLES AND PRACTICES OF ACCOUNTING (100 MARKS)

Objective:

To develop conceptual understanding of the fundamentals of financial accounting system and accounting for special transactions

1. Theoretical Framework

Meaning and Scope of accounting

  • Accounting Concepts, Principles and Conventions
  • Accounting Standards – concepts, objectives, benefits
  • Accounting Policies
  • Accounting as a measurement discipline – valuation principles, accounting estimates

2. Accounting Process

Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors including rectifications thereof.

3. Bank Reconciliation Statement

4. Inventories

Basis of inventory valuation and record keeping.

5. Depreciation accounting

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

6. Preparation of Final Accounts for Sole Proprietors

7. Simple Problems on Financial Statements of Not-for-Profit Organisations

8. Accounts from Incomplete Records.

9. Average Due Date and Account Current    

10. Accounting for Special Transactions

  • Consignments
  • Joint Ventures
  • Bills of exchange and promissory notes
  • Sale of goods on approval or return basis (e) Departmental accounts.

11. Partnership Accounts

Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.

12. Introduction to Company Accounts

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

CA Foundation Paper 1 Principles and Practices of Accounting Syllabus

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CA Foundation New Scheme Syllabus:

Paper 1Principles and Practices of Accounting100 MarksDescriptive /Subjective Type
Paper 2Business Law & Business Correspondence and Reporting100 MarksDescriptive/Subjective Type
Section A: Business Law – 60 Marks
Section B: Business Correspondence and Reporting – 40 Marks
Paper 3Business Mathematics Logical Reasoning and Statistics100 MarksObjective Type
Paper 3 – Part I: Business Mathematics and Logical Reasoning (60 Marks)
Paper 3 – Part II: Statistics (40 Marks)
Paper 4Business Economics & Business and Commercial Knowledge100 MarksObjective Type
Paper 4 – Part I: Business Economics (60 Marks)
Paper 4 – Part II: Business and Commercial Knowledge (40 Marks)
Note :
1. Passing percentage:Aggregate- 50% and Subject-wise- 40% at one sitting.
2. Objective type question of 1 or more marks.
3. Examination: In the month of November and May after passing Class XII

CA Foundation Paper 1 Principles and Practices of Accounting Syllabus

Old SchemeNew Scheme
CA CPTCA Foundation
200 Marks400 Marks
Fundamental of Accounting(60 Marks)ObjectivePrinciples and Practices of Accounting(100 Marks)Subjective
Mercantile Law (40 Marks)Objective Business Law (60 Marks = ICA + SOGA + PA = 45 Marks + LLP + Companies Act = 15 Marks) and (40 Marks) Business Correspondence and Reporting Subjective
General Economics (50 Marks)ObjectiveBusiness Economics (60 Marks) and Business and Commercial Knowledge (40 Marks)Objective
Quantitative Aptitude (50 Marks)ObjectiveBusiness Mathematics (40 Marks), Logical Reasoning (20 Marks) and Business Statistics (40 Marks)Objective

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CA Foundation Paper 1 Principles and Practices of Accounting Syllabus

Paper 2 (Part I): Mercantile Laws (60 Marks)

Objective:

“To test the general comprehension of elements of Mercantile Law including Company Law”

Contents

  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 and breach of contract.
  2. 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.
  3. The Indian Partnership Act, 1932: General Nature of Partnership, Rights and duties of partners, Registration and dissolution of a firm.
  4. The Limited Liability Partnership Act, 2008: Introduction- covering nature and scope, Essential features, characteristics of LLP, Incorporation and differences with other forms of organizations.
  5. The Companies Act, 2013 [section 1 to 22]: Important definitions, Introduction of company & corporate veil theory, Classes of companies, Conversion of company, Incorporation of company, Memorandum of Association, Articles of Association, Alteration of Memorandum and Articles, Doctrine of Indoor Management, Conversion of companies already registered, Promoters, Service of documents.

Here, chapters 1 to 4 carries 45 marks and chapter 5 carries 15 marks.

 Paper-2 (Part-II) General English

SECTION  A

 Topic :  Comprehension Passages and Note Making

  • Subtopic : Comprehension Passages
  • Subtopic: Note Making

SECTION B

Topic:  Developing Writing Skills

  • Subtopic: Article Writing
  • Subtopic: Report Writing
  • Subtopic : Writing Formal Letters
  • Subtopic : Writing Mails
  • Subtopic : Resume Writing

SECTION C 

Topic: Basic English Grammar

Chapter-1  Introduction to Basic Writing

Chapter-2: Nouns, Pronouns and Verbs

Chapter-3 Articles, Adjectives and Adverbs

Chapter-4 Prepositions, Conjunctions and Interjections

Chapter -5 Direct-Indirect, Active -Passive Speech

Chapter 6 :Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations and Idioms.

CA Foundation Paper 1 Principles and Practices of Accounting Syllabus

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Frequently asked question on CA CPT Accounting Syllabus

Q 1. From where i can find CA CPT accounting notes?

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CA CPT accounting : Go through the following link to download CA CPT accounting notes and you can also download accounting question paper for previous year ( 2015, 2016)

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