CA Foundation Study Material May 2026: Focused and Exam-Oriented Tips

CA Foundation Study Material for May 2026 helps students understand core subjects clearly with updated content, practical examples, and exam-focused preparation support.

The Chartered Accountancy (CA) Foundation Course is the beginning of the chartered accountant journey. With the May 2026 exam, having a well-thought-out strategy is crucial to having the proper study material and success. This detailed guide will give you extensive information about the CA Foundation study material for May 2026, such as the subject-wise distribution, preparation strategy, and tips to get the most out of your studies.

Overview of CA Foundation May 2026 Study Material

The Institute of Chartered Accountants of India (ICAI) has released the updated study materials for the CA Foundation course applicable for the May 2026 examination. These materials are designed under the New Scheme of Education and Training, ensuring that students are well-equipped with the latest knowledge and practices in the field.​

Highlights of the CA Foundation Exam 

Check the table below for a quick CA Foundation Exam Syllabus and study material overview.

CA Foundation New Syllabus
Sl. No Paper Name Marks Types of Questions
Paper 1 Accounting 100 Marks Objective
Paper 2 Business Laws 100 Marks Objective
Paper 3 Quantitative Aptitude:
Part A: Business Mathematics
Part B: Logical Reasoning
Part C: Statistics		 100 Marks
Part A: 40 Marks
Part B: 20 Marks
Part C: 40 Marks		 Subjective
Paper 4 Business Economics 100 Marks Subjective

CA Foundation Study Material by ICAI 

CA Foundation Notes Consulting will allow candidates to better understand subjects according to the CA Foundation Syllabus. These notes are designed to help the candidates focus on the required points and prepare for the exam with an organized approach. CA Foundation notes for various subjects are available in 2026 PDF format, which can be downloaded using the link given below.

CA Foundation Notes By ICAI
Subjects PDF
Paper-1: Accounting Check Here
Paper-2: Business Laws Check Here
Paper-3: Quantitative Aptitude Check Here
Paper-4: Business Economics Check Here

How to Download the CA Foundation Study Material from ICAI

Follow these easy steps to download your official CA Foundation study materials:

Step 1: Visit the ICAI BoS Knowledge Portal: Go to the ICAI’s official Board of Studies (BoS) Knowledge Portal: https://boslive.icai.org
Step 2: Select Your Course: On the homepage:

  • Click on "Study Material – New Scheme" under the Education Content section.
  • Choose Foundation Course from the dropdown.

Step 3: Choose Your Subject: You'll now see a list of subjects under the CA Foundation course:

  • Accounting
  • Business Laws
  • Quantitative Aptitude
  • Business Economics

Click on each subject to view available study material chapters/modules.

Step 4: Download Study Material

  • Each subject is divided into modules or chapters in PDF format.
  • Click on the download icon next to each module to download the PDF.

How to Download the CA Foundation Study Material from Studycaller 

  • Step 1. Go to the website of studycaller.com
  • Step 2. Click on the Notes tab
  • Step 3. After that, click on the CA Foundation Notes under the subject-wise CA Foundation Study Material. 
  • Step 4. Download the CA Foundation Study Material PDFs. 

Additional Resources for CA Foundation Study Material May 2026 

In addition to the main study material, ICAI provides supplementary resources to increase your preparation: 

  • Revision Test Paper (RTP): These are issued before each exam effort and are questions based on the latest syllabus. 
  • Mock Test Papers (MTP): Evaluate the actual examination environment to help assess your level of preparation. 
  • Past Examination Paper: Practicing them helps in understanding the pattern of the exam, and they are often asked.

Note: These resources are available on the ICAI BoS Knowledge Portal.​

Paperwise CA Foundation Study Material May 2026

Paper 1: Accounting 

The CA Foundation Accounts Study Material for May 2026 is given in the table below.

Module 1 Initial Page
Chapter 1: Theoretical Framework Unit 1: Meaning and Scope of Accounting
  Unit 2: Accounting Concepts, Principles And Conventions
  Unit 3: Capital and Revenue Expenditures and Receipts– Glossary
  Unit 4: Contingent Assets and Contingent Liabilities
  Unit 5: Accounting Policies
  Unit 6: Accounting as a Measurement Discipline – Valuation Principles, Accounting Estimates
  Unit 7: 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: Depreciation and Amortisation Depreciation and Amortisation
Chapter 6: Bills of Exchange and Promissory Notes Bills of Exchange and Promissory Notes
Chapter 7: Preparation of Final Accounts of Sole Proprietors Unit 1: Final Accounts of Non-Manufacturing Entities
  Unit 2: Final Accounts of Manufacturing Entities
Module – 2 Initial Pages
Chapter 8: Financial Statements of Not-for-Profit Organisations Financial Statements of Not-for-Profit Organisations
Chapter 9: Accounts from Incomplete Records Accounts from Incomplete Records
Chapter 10: Partnership and LLP 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
  Unit 6: Dissolution of Partnership Firms and LLPs
Chapter 11: Company Accounts Unit 1: Introduction to Company Accounts
  Unit 2: Issue, Forfeiture and Re-Issue of Shares
  Unit 3: Issue of Debentures
  Unit 4: Accounting for Bonus Issue and Right Issue
  Unit 5: Redemption of Preference Shares
  Unit 6: Redemption of Debentures

Paper 2: Business Law

 Business Laws
Initial Page  
Chapter 1: Indian Regulatory Framework Indian Regulatory Framework
Chapter 2: 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
  Unit 7: Contract of Indemnity and Guarantee
  Unit 8: Bailment and Pledge
  Unit 9: Agency
Chapter 3: 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 4 The Indian Partnership Act, 1932 Unit 1: General Nature of Partnership
  Unit 2: Relations of Partners
  Unit 3: Registration and Dissolution of a Firm
Chapter 5: The Limited Liability Partnership Act, 2008 The Limited Liability Partnership Act, 2008
Chapter 6: The Companies Act, 2013 The Companies Act, 2013
Chapter 7: The Negotiable Instruments Act, 1881 The Negotiable Instruments Act, 1881

Paper 3: Quantitative Aptitude 

Details Particular
Part A: Business Mathematics Chapter 1: Ratio and Proportion, Indices, Logarithms
  Chapter 2: Equations
  Chapter 3: Linear Inequalities
  Chapter 4: Mathematics of Finance
  Chapter 5: Basic Concepts of Permutations and Combinations
  Chapter 6: Sequence and Series – Arithmetic and Geometric Progressions
  Chapter 7: Sets, Relations and Functions, Basics of Limits and Continuity functions
Chapter 8: Basic Applications of Differential and Integral Calculus in Business and Economics Differential CalculusIntegral 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
Part-C: Statistics
Chapter 13:
Chapter 14: Measures of Central Tendency and Dispersion
  Chapter 15: Probability
  Chapter 16: Theoretical Distribution
  Chapter 17: Correlation and Regression
  Chapter 18: Index Numbers

Paper 4: Business Economics

 Business Economics
Chapter 1: Nature & Scope of Business Economics Unit 1: Introduction
  Unit 2: Basic Problems of an Economy & Role of Price Mechanism
Chapter 2: Theory of Demand and Supply Unit 1: Law of Demand and Elasticity of Demand
  Unit 2: Theory of Consumer Behaviour
  Unit 3: Supply
Chapter 3: Theory of Production and Cost Unit 1: Theory of Production
  Unit 2: Theory of Cost
Chapter 4: Price Determination in Different Markets Unit 1: Meaning and Types of Markets
  Unit 2: Determination of Prices
  Unit 3: Price Output Determination under Different Market Forms
Chapter 5: Business Cycles Business Cycles
Chapter 6: Determination of National Income Unit 1: National Income Accounting
  Unit 2: The Keynesian Theory of Determination of National Income
Chapter 7: Public Finance Unit 1: Fiscal Functions: An Overview, Centre and State Finance
  Unit 2: Market Failure/ Government intervention to correct Market Failure
  Unit 3: The Process of Budget Making: Sources of Revenue, Expenditure Management and Management of Public Debt
  Unit 4: Fiscal Policy
Chapter 8: Money Market Unit 1: The Concept of Money Demand: Important Theories
  Unit 2: The Concept of Money Supply
  Unit 3: Monetary Policy
Chapter 9: International Trade Unit 1: Theories of International Trade
  Unit 2: The Instruments of Trade Policy
  Unit 3: Trade Negotiations
  Unit 4: Exchange Rate and Its Economic Effects
  Unit 5: International Capital Movements
Chapter 10: Indian Economy Indian Economy

Preparation Tips for Effective Learning

  • Understand the concepts: Focus on grasping the underlying concepts instead of rote memorization. 
  • Regular practice: Solve more and more practice questions to create confidence. 
  • Time Management: Develop a study schedule and follow it strictly. 
  • Stay updated: Keep any updates or announcements from ICAI regarding the exam. 

Summary 

The CA Foundation study material May 2026 is now available on the ICAI BOS Knowledge Portal. This includes the updated modules for all four letters—accounts, commercial laws, quantitative qualifications, and professional economics. Students can download the material in PDF format to ensure full course coverage and effective examination preparation.

FAQs

What is the purpose of the CA Foundation Study Material May 2026?

The CA Foundation Study Material May 2026 consists of official ICAI modules covering all four papers. It helps students learn concepts, solve practical questions, and prepare thoroughly for the May 2026 CA Foundation exams.

Where can I download the CA Foundation Study Material May 2026?

You can download the CA Foundation Study Material May 2026 PDFs from the ICAI BoS Knowledge Portal under the “Study Material – New Scheme” section for each Foundation subject.

What subjects are included in the CA Foundation Study Material May 2026?

The CA Foundation Study Material May 2026 includes four subjects: Accounts, Business Laws, Quantitative Aptitude, and Business Economics under the updated ICAI syllabus.

Does the ICAI study material for CA Foundation cover the complete syllabus?

Yes, the CA Foundation Study Material May 2026 provided by ICAI covers every topic prescribed in the Foundation syllabus, ensuring exam-oriented preparation without missing subjects.

Is the CA Foundation Study Material May 2026 enough to crack the exam?

ICAI’s official study material for the May 2026 attempt is comprehensive and exam-focused. Combining it with revision test papers and past papers improves preparation and exam performance.

How many modules are there in the CA Foundation Study Material May 2026?

Each paper of the CA Foundation Study Material May 2026 has multiple modules/chapters covering topics such as accounting principles, business law provisions, maths techniques, statistics, and economics concepts.

Should I use additional books along with the CA Foundation Study Material May 2026?

Yes, some students use reference books along with ICAI’s CA Foundation Study Material May 2026 to get more examples, explanations, and extra practice questions on complex topics.

Are ICAI revision test papers part of the CA Foundation Study Material May 2026?

Yes. ICAI publishes Revision Test Papers (RTPs) and Mock Test Papers as part of the broader CA Foundation Study Material May 2026 resources to guide students on expected question patterns.

Can the CA Foundation Study Material May 2026 be used offline?

Yes. After downloading PDFs of the CA Foundation Study Material May 2026 from ICAI’s portal, you can study offline anytime, making preparation flexible and easy.

What is the ideal sequence to study the CA Foundation Material May 2026?

Start with foundation subjects like Accounting and Business Laws, then move to Quantitative Aptitude and Business Economics. Use the ICAI study material in sequence to build base concepts before advanced practice.