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
- CA Foundation Study modules and ICAI books,
- mock test papers (MTP),
- 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
|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
|Chapter 2||Sentence Types and Direct-Indirect, Active-Passive Speech|
|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|
Paper 3. Business Mathematics and Logical Reasoning and Statistics
|Part A: Business Mathematics||Chapter 1: Ratio and Proportion, Indices, Logarithms|
|Chapter 2: Equations and 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
|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
|Chapter 16: Probability|
|Chapter 17: Theoretical Distributions|
|Chapter 18: Correlation And Regression|
|Chapter 19: Index Number and Time Series
Paper 4. Business Economics and Business and Commercial Knowledge
Part A: Business Economics
|Chapter 1||Nature & Scope of Business Economics
|Chapter 2||Theory of Demand and Supply
|Chapter 3||Theory of Production and Cost
|Chapter 4||Meaning and Types of Markets
|Chapter 5||Business Cycles|
Part B: Business and Commercial Knowledge
|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 icai-cds.org.
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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