The Institute of Chartered Accountants of India(ICAI) has released Applicable Standards/ Guidance Notes/ Legislative Amendments for CA Foundation Examination in December 2023.
The ICAI conducts the Chartered Accountancy examinations of the Foundation Course twice a year i.e. June and December. CA Institute publishes the authorized list of Accounting Standards, Guidance Notes, and Legislative Amendments, among other things, for each term of CA Foundation examinations well in advance before the commencement of exams.
The CA Foundation Exam will be conducted on the 14th, 16th, 18th and 20th December 2023. To achieve excellent scores and even a good rank in exams, students should prioritise the ICAI’s CA Foundation study material.
Paper 2, Section A: Business Laws for November 2023 examination Inclusions from the syllabus
| (1) | (2) | (3) |
| S. No. in the syllabus | Chapters/ Topics of the Syllabus | Inclusions |
| 1. | Chapter 1: The Indian Contract Act, 1872 | The entire content included in the September 2021 edition of the Study Material and the Legislative amendments hosted on the website for the November 2023 examinations, shall only be relevant for the said examinations. |
| 2. | Chapter 2: The Sale of Goods Act, 1930 | The entire content included in the September 2021 edition of the Study Material and the Legislative amendments hosted on the website for the November 2023 examinations, shall only be relevant for the said examinations. |
| 3. | Chapter 3: The Indian Partnership Act, 1932 | The entire content included in the September 2021 edition of the Study Material and the Legislative amendments hosted on the website for the November 2023 examinations, shall only be relevant for the said examinations. |
| 4. | Chapter 4: The Limited Liability Partnership Act, 2008 | The entire content included in the September 2021 edition of the Study Material and the Legislative amendments hosted on the website for the November 2023 examinations, shall only be relevant for the said examinations. |
| 5. | Chapter 5: The Companies Act, 2013 | The entire content included in the September 2021 edition of the Study Material and the Legislative amendments hosted on the website for the November 2023 examinations, shall only be relevant for the said examinations. |
Note: September 2021 edition of the Study Material is relevant for the November 2023 examinations. The amendments – made after the issuance of this Study Material – i.e. for the period 1st of May 2021 to 30th April, 2023 shall also be relevant. The relevant Legislative amendments for November 2023 will be available on the BoS Knowledge Portal.
Paper 3: Business Mathematics, Logical Reasoning and Statistics
As per the new amendment, certain topics are deleted from the syllabus of Foundation Paper 3. From Chapter 2 ‘Unit II: Matrices’ was deleted, ‘Syllogism’ from Chapter 13 was deleted and Chapter 19 ‘Unit II: Time Series’ was removed.
Paper-4: Part-II: Business and Commercial Knowledge
The September 2021 edition of the Study Material is relevant for November 2023 examinations. The amendments made after the issuance of this Study Material i.e., the changes in the names of CEO, CFO etc., Forbes 2023 ranking, Fortune 2023 ranking in chapter 3 (Business Organisations) are applicable for November 2023 Examination. The relevant amendments will be available on the BoS Knowledge Portal.
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