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Where Can I Get The Updated CA Foundation Study Material?

Are you also looking for the latest CA Foundation Study Material PDFs? You can download the new study material for free from CA Wizard, including the ICAI modules, mock test papers, and revision test papers. ICAI has released the revised CA Foundation study modules for May 2021 attempt. You can also get the papers of the last attempt for practice. Any new Mock Test Papers will be available on CA Wizard when they are released.

CA Wizard is the best digital space for aspiring Chartered Accountants. You can read all the updated information on CA Wizard. Complete CA Foundation study material (ICAI modules, MTP, and RTP) is available along with study tips. 

ICAI CA Foundation Study Material May 2021

CA Foundation Study Material ICAI includes 

  1. CA Foundation Study modules and ICAI books, 
  2. mock test papers (MTP), 
  3. revision test papers (RTP), and any other material shared by ICAI. 

The study material for all papers is divided into units and chapters according to the CA Foundation Syllabus.

ICAI gives a four-month study period in which you have to finish the complete study material and practice for the exams.

CA Foundation Study Material PDF Download

ICAI has given the latest edition study modules for May 2021 exams for both English and Hindi medium students. You can download the free study material PDFs from below. ICAI CA Foundation MTPs and RTPs are also available for all the students.

CA Foundation Study Material PDF Download

Paper 1: Principles and Practices of Accounting

Module – 1 Initial Page
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
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 Bank Reconciliation Statement
Chapter 4: Inventories Inventories
Chapter 5: Concept and Accounting of Depreciation Concept and Accounting of Depreciation
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: Average Due Date
Unit 5: Account Current
Module – 2 Initial Pages
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 Financial Statements of Not-for-Profit Organizations
Chapter 10 Company Accounts Unit 1: Introduction to Company Accounts
Unit 2: Issue, Forfeiture, and Re-Issue of Shares
Unit 3: Issue of Debentures

Paper 2. Business Laws and Business Correspondence and Reporting 

Sec. A Business Laws

Initial Pages
Chapter 1 The Indian Contract Act, 1872 Unit 1: Nature of Contracts
Unit 2: Consideration
Unit 3: Other Essential Elements of a Contract
Unit 4: Performance of Contract
Unit 5: Breach of Contract and its Remedies
Unit 6: Contingent and Quasi Contracts
Chapter 2 The Sale of Goods Act, 1930 Unit 1: Formation of the Contract of Sale
Unit 2: Conditions & Warranties
Unit 3: Transfer of Ownership and Delivery of Goods
Unit 4: Unpaid Seller
Chapter 3 The Indian Partnership Act, 1932 Unit 1: General Nature of a Partnership
Unit 2: Relations of Partners
Unit 3: Registration and Dissolution of a Firm
Chapter 4 The Limited Liability Partnership The Limited Liability Partnership
Chapter 5 The Companies Act, 2013 The Companies Act, 2013

Sec B. Business Correspondence and Reporting Study Material

Initial Pages
Chapter 1 Communication
Chapter 2 Sentence Types and Direct-Indirect, Active-Passive Speech
Chapter 3 Vocabulary
Chapter 4 Comprehension Passages
Chapter 5 Note Making
Chapter 6 Introduction to Basics of Writing
Chapter 7 Precis Writing
Chapter 8 Article Writing
Chapter 9 Report Writing
Chapter 10  Writing Formal Letters and Official Communication:

Part I: Formal Letters

Part II: Official Communication

Chapter 11 Writing Formal Mails
Chapter 12 Resume Writing
Chapter 13 Meetings

Paper 3. Business Mathematics and Logical Reasoning and Statistics

Initial Pages
Part A: Business Mathematics Chapter 1: Ratio and Proportion, Indices, Logarithms
Chapter 2: Equations and Matrices

  • Unit I: Equations
  • Unit II: Matrices
Chapter 3: Linear Inequalities
Chapter 4: Time Value of Money
Chapter 5: Basic Concepts of Permutations and Combinations
Chapter 6: Sequence and Series – Arithmetic and Geometric Progressions
Chapter 7: Sets, Functions and Relations
Chapter 8: Basic Concepts of Differential and Integral Calculus

  • Differential Calculus
  • Integral Calculus
Part-B: Logical Reasoning Chapter 9: Number Series, Coding and Decoding and Odd Man Out
Chapter 10: Direction Tests
Chapter 11: Seating Arrangements
Chapter 12: Blood Relations
Chapter 13: Syllogism
Part-C: Statistics Chapter 14: Statistical Description of Data
Chapter 15: Measures of Central Tendency and Dispersion

  • Unit I: Measures of Central Tendency
  • Unit II: Dispersion
Chapter 16: Probability
Chapter 17: Theoretical Distributions
Chapter 18: Correlation And Regression
Chapter 19: Index Number and Time Series

  • Unit I: Index Numbers
  • Unit II: Time Series

Paper 4. Business Economics and Business and Commercial Knowledge

Part A: Business Economics

Initial Pages
Chapter 1 Nature & Scope of Business Economics

  • Unit I: Introduction
  • Unit II: Basic Problems of an Economy & Role of Price Mechanism
Chapter 2 Theory of Demand and Supply

  • Unit I: Law of Demand and Elasticity of Demand
  • Unit II: Theory of Consumer Behaviour
  • Unit III: Supply
Chapter 3 Theory of Production and Cost

  • Unit I: Theory of Production
  • Unit II: Theory of Cost
Chapter 4 Meaning and Types of Markets

  • Unit I: Meaning and Types of Markets
  • Unit II: Determination of Prices
  • Unit III: Price Output Determination under Different Market Forms
Chapter 5 Business Cycles
Self-Examination Questions

Part B: Business and Commercial Knowledge

Initial Pages
Chapter 1 Business and Commercial Knowledge – An Introduction 
Chapter 2 Business Environment
Chapter 3 Business Organizations
Chapter 4 Government Policies for Business Growth
Chapter 5 Organizations Facilitating Business
Chapter 6 Common Business Terminologies

CA Foundation Books

The most recommended books for CA Foundation students should use for exam preparation are given below:

  • Principle and Practice of Accounting Books-
  • CPT Grewal’s Accountancy by M.P Gupta & B.M Aggarwal
  • Padhuka Basics of Accounting for CA CPT by G. Sekar & b Saravana Prasath
  • CPT Grewal’s Accountancy – M.P Gupta & B.M Aggarwal
  • Fundamentals of Accounting – D.G Sharma
  • General Economics – S.K.Agarwal
  • Mercantile Law Books. 
  • Mercantile Law by M.C.Kucchal and Vivek Kucchal
  • Padhuka MCQ Bank – G Sekar and B Sarvana Prasath
  • Mercantile Laws for CA CPT – P C Tulsian
  • S Chand Mercantile Laws for CA CPT – P P S GOGNA
  • Quantitative Aptitude Books- 
  • Quantitative Aptitude for CPT: mathematics and Statistics – Tulsian P. C. and Jhujhunwala Bharat
  • Quantitative Aptitude – Dr. T.Padma and K.C.P Rao
  • Quantitative Aptitude Mathematics With Short Tricks – CA Rajesh Jogani
  •  Padhuka’s practical Guide On Quantitative Aptitude For CA CPT – G.Sekar, B.Saravana Prasath
  • Other Reference Books-
  • General Economics – P M Salwan & Pranjal B Deshpande by Taxmann
  • Question Bank with Model Test Papers for CA – Common Proficiency Test (CPT) – Accounting, Mercantile Laws, General Economics & Quantitative Aptitude – R C Bhatt
  • Quantitative Aptitude – P. N. Arora 

What is the importance of ICAI CA Foundation Study Material?

The Study Material given by ICAI for CA Foundation course is essential for exam preparation. It should be your priority while covering the syllabus. ICAI and CA coaching institutes across the country recommend ICAI CA Foundation study material to students. The top rankers of CA also tell in interviews that they strictly follow the ICAI study material. This is proof enough that for success in CA Foundation papers, you should use ICAI study material only. 

The CA Foundation exam question papers are based on ICAI study material. So when you learn from the ICAI study material, you will be prepared to answer the questions better. ICAI also regularly updates the CA Foundation Study Material as per the new syllabus and the revised version of the Companies Act or other articles.


Get the CA Foundation Study Material PDFs of ICAI modules, papers, and books before starting your preparation for free on CA Wizard. Refer to the CA Foundation papers only after you complete the CA Foundation modules. Use the books for more knowledge. 


Q1. Is CA Foundation Study Material given by ICAI enough?

Ans. Yes, CA Foundation Study Material ICAI is sufficient for exam preparation.


Q2. How can students download the CA Foundation study material for free?

Ans. You can get the study material from CA Wizard.


Q3. How can I get ICAI books for CA Foundation?

Ans. You can order the books from


Q4. Are CA Foundation exams easy?

Ans. Yes, CA Foundation exams are easy.


Q5. How to study for the CA Foundation course?

Ans. Use the study modules of ICAI, RTP, and MTP for CA Foundation exam preparation.

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