What are the CA Foundation Subjects for the May 2022 Exams?

CA Foundation Course is the 1st ladder in the journey to becoming a Chartered Accountant. There are 4 CA Foundation subjects that you are going to study at this level namely, Accounting, Business Laws, Mathematics, and Economics. are divided into these four papers. The CA Foundation syllabus and subjects for the may 2022 exams have been issued by ICAI on its official website.

The CA Foundation subjects focus on the basic developments of the candidates as a CA. This also helps them understand the basic tasks and the demands of the exams. So, before beginning the preparation, the students must go through the entire CA Foundation subjects list specified by ICAI. For more clear understanding, you can check out the past year’s CA Foundation Question Papers.

Here, we will go through all the CA Foundation May 2022 subjects in brief.

CA Foundation Subjects for May 2022 exams

Paper-1: Principles and Practices of Accounting

Principles and Practices of Accounting is the first CA Foundation paper. You will find the basics of Accounting in this paper along with the topics in Accounts. The topics and the concepts taught by this paper are almost similar to that one studies in Accounts of Class 11 and 12. Hence, this paper or subject is easier for the students with Commerce background as they have already studied it.

Paper 1 comprises the theoretical framework of accounting, process, inventories, partnership accounts, introduction to Company Accounts, etc.

Paper-2: Business Laws and Business Correspondence and Reporting

Paper 2 comprises Business Laws and Business Correspondence & Reporting. This CA Foundation subject is full of lengthy and theoretical topics and hence divided into two parts:

  • Section A: Business Laws
  • Section B: Business Correspondence and Reporting.

This subject focuses on business laws and corporate laws. This paper requires great understanding, so students should have the capability to remember the topics for a longer time. Students must cover the entire theory portion of this paper at least two months before the exam. This is done to have enough time to revise.

Paper-3: Business Mathematics and Logical Reasoning and Statistics

The third ICAI Foundation subject is Business Mathematics, Logical Reasoning and Statistics, which is also divided into three sections.

  • Part-A: Business Mathematics
  • Part-B: Logical Reasoning
  • Part-C: Statistics

This paper focuses on developing and checking the students’ basic mathematics, statistical, and reasoning abilities. It helps the students understand the applications of Economics, Finance, and business.

The Business Mathematics portion is 40 marks, whereas logical reasoning is 20 marks and statistics covers 40 marks. You will learn basic maths in the maths syllabus, including calculus, permutations & combinations, ratios, etc.

Paper-4: Business Economics and Business and Commercial Knowledge

Business Economics and Business and Commercial Knowledge is the fourth paper of the CA Foundation. This subject is based on Business Economics and its applications and is divided into two parts.

  • Section A: Business Economics
  • Section B: Business and Commercial Knowledge

CA Foundation Paper Pattern

As you know, there are 4 CA Foundation subjects and each of which is 100 marks. Hence the total marks in the foundation exams come out to be 400. In this, Paper 1 and 2 are subjective, whereas paper 3 and paper 4 are objective types. Moreover, the subjective papers do not have any negative markings, but there is 0.25 negative marking in objective papers.

The candidates get the chance to appear in CA Foundation Exam twice in the year since ICAI conducts it in November and May. CA Foundation Exam is conducted in both mediums, such as English and Hindi. So, you can fill your preference in the examination form either to give exam in English or Hindi medium. To qualify for the next stage of the CA Course, students must score 40% in each subject. Also, they need aggregate 50% marks in all the CA Foundation subjects.

Each paper in CA Foundation has been divided into further sections. Therefore, check out the CA Foundation subjects and the marks weightage of each section in the table below.

Papers Papers Name Marking Scheme
Paper 1 Principles and Practices of Accounting 100
Paper 2 Business Laws and Business Correspondence and reporting
Part 1:Business Laws
Part 2:Business Correspondence and Reporting
Paper 3 Business Mathematics and Logical Reasoning and Statistics.
Paper 1: Business Mathematics
Paper 2: Logical Reasoning
Paper 3: Statistics
Paper 4 Business Economics and Business and Commercial Knowledge 100

Preparation Tips for the CA Foundation Subjects

The CA Foundation subjects are not difficult to prepare, however, students will need a proper strategy to clear them in the first attempt. On the other hand, some students make the mistake of taking this course lightly. This results in multiple failures in the exams. Instead of taking the exams lightly, students need to prepare a good strategy. You can refer to the following preparation tips for the CA Foundation subjects.

  • At first, the students need to prepare the timetable for themselves as per CA Foundation Syllabus.
  • Allocate proper dates and restricted time period for all the topics and subjects.
  • Follow the timetable strictly, and practice the practical questions daily. Also, the non-maths students must focus on practicing the numerical and logical reasoning questions.
  • For basic understanding refer to the ICAI study materials and avoid referring to unnecessary sources.
  • Complete the entire syllabus at least 1 to 2 months before the exam to get enough time for revisions.
  • After completing all the ICAI Foundation subjects, make sure to practice enough questions from compilers and previous year’s papers.
  • Start attempting the mock tests and analyze your improvement or preparation accordingly.
  • The most important tip is that the students must take care of their help and manage their sleep cycle.


Therefore, there are a total of 4 CA Foundation subjects which are further divided into subparts. The primary subjects included in the CA Foundation exam are Accounting, Auditing, Economics, Maths, Logical Reasoning, Business Law, etc. All these subjects are important for the overall understanding of the task associated with the life of a CA. So, students must understand the depth of each subject and prepare accordingly. The subparts and the sub-topics are also necessary to understand and get good marks in the exams. Further, the exam patterns and marking schemes will help the students understand the demand of the examination.

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