CA Foundation Syllabus 2020
Accounting Principles & Policies
Commercial Activities, Book Keeping, Accounting, Transactions & Events, System of Accounting, Cash System, Accrual System, Single Entry System, Objectives of Accounting, Users of Accounting Information, Necessity of Accounting,
Accounting Principles, Accounting Standards, International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), Accounting Concept, Accounting Convention, Financial Statement, Limitations of Financial Statements
Revenue Income & Expenditure, Capital Income & Expenditure, Deferred Revenue Expenditure, Revenue Expenditure treated as Capital Expenditure, Revenue Receipt, Capital Receipt,
Accounting Standards, Accounting Policies, Accounting Estimates, Valuation Principles, Book Keeping & Accounting Process, Classification of Accounts, Personal Accounts, Real Accounts, Nominal Accounts.
Accounting Standards, Objectives of Accounting Standards, Accounting Standard in India (AS)
Types of Journal, Cash & Bak Book, Sales Book, Purchase Book, Journal Proper, Other Subsidiary Journal Books
Cash Book, Single Column Cash Book, Double Column Cash Book, Petty Cash Book,
Subsidiary Journal Books , Subsidiary Ledger Books, Purchase & Purchase Return Books, Sales & Sales Return Books, Other Subsidiary Books, Postings from Subsidiary Books
Ledger, Ledger Posting, Ledger Accounts Balancing, Modern Ledger Account Format
Trial Balance, Objectives of Trial Balance, Methods of preparing Trial Balance, Forms of Trial Balance, Errors detected by Trial Balance, Errors not detected by Trial Balance, Suspense Account, Trial Balance Preparation
Inventory, Inventory Valuation, Inventory Valuation Methods, Cost Price or Historical Cost Method, Market Price Methods, Cost or Market Price, First-In-First-Out (FIFO) Method, Last-In-First-Out Method or LIFO Method, Weighted Average Cost Method, Adjusted Selling Price Method, Stock-Taking Methods, Periodic vs Perpetual Inventory System, Adjustment for Stock-taking.
Rectification of Error
Errors in Books of Accounts, Suspense Account, Rectification of Errors, Rectification before Trial Balance preparation, Rectification after Trial Balance preparation, Rectification after Final Accounts preparation.
Bank Accounts, Bank Book and Pass Book, Matching of Bank Book & Pass Book, Bank Reconciliation Statement, Causes of Bank Book and Pass Book Difference, Bank Reconciliation Methods, Bank Reconciliation Starting from Bank Book Balance, Bank Reconciliation Starting from Pass Book Balance, Adjustment Entries in Bank Book.
Depletion, Amortization, Obsolescence, Accounting for Depreciation, Methods of Depreciation, Straight Line Method, Diminishing Balance Method, Sum of Digits Method, Sinking Fund Method, Annuity Method, Insurance Policy Method, Machine Hour Rate Method, Production Unit Method, Depletion Method, Changes in Method of Depreciation, Profit / Loss on Sale of Asset,
Closing Entries, Provision for Bad Debts, Provision for Discount on Debtors, Dishonour of Cheques, Goods distributed as free sample, Loss of Goods, Goods sent on approval, Proprietor’s Personal Transactions, Interest, Expenses, Income, Closing Stock
Financial Statements, Trading Account, Profit and Loss Account, Balance Sheet,
Rectification Entries, Depreciation, Pre-paid expenses, Liabilities & Provisions, Advance payments made, Advance receipt of money
Contingent Asset, Contingent Liability
Accounting of Proprietorship Entities. Accounting principles of Proprietorship Firm. Inter relationship of P L Statement & balance Sheet. Trading Account
Partner’s Accounts, Fixed capita, Fluctuating Capital. Partner’s Current Account, Partner’s Drawings Account, Partners’ Loan Account, Profit and Loss Appropriation Account, Interest on Drawing, Distribution of profit, Goodwill, Valuation of Goodwill, Hidden Goodwill
Introduction of New Partner, Revaluation on admission, Profit Sharing Ratio, Proportionate Capital,
Retirement of Partner, Gaining Ratio, Revaluation on Retirement, Reserve Fund, Final Payment to Retiring Partner, Partner’s Loan Repayment,
Consequences of Death of Partner, Joint Life Policy, Payment of Deceased Partner’s Share
Joint Venture Accounts, Separate Joint Venture Accounts Books, No Separate Joint Venture Accounts Books, Memorandum & Co-Venturer Accounts,
Bill of Exchange, Bill Maturity Date, Dishonour of Bills, Endorsement of Bill, Bills Sent for Collection, Renewal of Bills, Accommodation Bills, Accommodation for Drawer, Accommodation for Drawee, Accommodation for both Drawer & Drawee. Insolvency of Drawee, Retiring of Bill, Bills Payable and Receivable Book.
Sale on Approval, Delivery recorded as Sale, Sale recorded on approval,
Consignment Business, Consignor, Consignee, Difference between sales and Consignment, Accounting Treatment in Books of Consignor and Consignee, valuation of Inventory and Reserve Account, Treatment of abnormal Loss, Insurance Claims, Commission, Del-Credere Commission, Over Riding Commission,
Accounts of Not for Profit Organisation
Significance of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet, Difference between Profit and Loss Account and Income and Expenditure Account. Preparation of Receipt and Payment Account, Income and Expenditure Account and Balance Sheet.
Shares of Company, Share Capital, Issue of Shares at Par, Shares Issue at Premium, Shares Issue at Discount, Calls on Share, Pro-rata Allotment, Forfeiture of Shares, Reissue of Forfeited Share,
Preference Shares, Redemption of Preference Share, Utilisation of Reserve for Redemption,
Debenture, Types of Debenture, Debentures Issue against Cash, Issue of Debentures in instalments, Issue of Debentures at Discount, Debentures Issued for consideration other than cash, Debenture Issued as Collateral Security, Debenture Interest.
Statement of Profit and Loss and Balance Sheet as per Schedule III to the Companies Act, 2013.