ICAI releases Applicable Standards/ Guidance Notes/ Legislative Amendments for CA Foundation Examination December 2023

The Institute of Chartered Accountant of India(ICAI) has released Applicable Standards/ Guidance Notes/ Legislative Amendments for CA Foundation Examination December 2023.

The ICAI conducts the Chartered Accountancy examinations of Foundation Course twice in 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 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.

Let’s look into the applicable standards and amendments given below:

Paper 2, Section A: Business Laws for November 2023 examination

Inclusions from the syllabus

Note:

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. for 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

The following topics are deleted from the syllabus of Foundation Paper 3: Business Mathematics, Logical Reasoning and statistics from May 2022 examinations:

Paper-4: Part-II: Business and Commercial Knowledge

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.