CA Foundation Notes May 2026, All ICAI Updates Resources

Get the latest ICAI CA Foundation Notes & Study Material for May 2026. Download PDFs, access subject-wise resources, and prepare with ICAI official material.

The CA Foundation is the first stage of a CA course, and to crack the CA Foundation Exam at the first attempt, students must mention the correct and latest study material. Therefore, we are providing the latest chapter-wise ICAI CA Foundation study material PDF for the May 2026 effort. These study modules are ICAI-prescribed books that cover the full CA Foundation course in an easy-to-understand manner.

The purpose of CA Foundation notes is to increase knowledge on related topics and cover all major issues in the CA Foundation Syllabus. Notes are designed to assist students in developing an ideological understanding of subjects. In addition to regular study books, these CA Foundation notes provide candidates with information and updates on various subjects according to the CA Foundation course.

ICAI CA Foundation Notes Overview May 2026

The Institute of Chartered Accountants of India (ICAI) provides well-structured, detailed, and exam-oriented study material for all CA Foundation subjects. These notes are designed under the new scheme of education (implemented from 2024) and cover each subject mentioned in the official course.

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CA Foundation Syllabus According to the New Scheme for May 2026

The CA Foundation syllabus for May 2026 under the New Scheme includes updated subjects and topics by ICAI, focusing on conceptual clarity, practical application, and a more streamlined exam structure.

ICAI Resource of CA Foundation for May 2026

The ICAI provides a wide range of resources for CA Foundation May 2026, including study material, RTPs, MTPs, and past papers to help students prepare effectively and confidently.

CA Foundation Syllabus for May 2026

Paper 1 : Accounting

Module 1:

• Theoretical Framework
• Accounting Process
• Preparation of Trial Balance
• Rectification of Errors, etc.
• Bank Reconciliation Statements
• Inventories
• Depreciation and Amortisation
• Bills of Exchange and Promissory Notes
• Preparation of Final Accounts of Sole Proprietors

Module 2:

• Financial Statements of Not-For-Profit Organizations.
• Accounts from Incomplete Records
• Partnership and LLP Accounts
• Company Accounts

Paper 2: Business Law

Module 1:

• Theoretical Framework
• Accounting Process
• Preparation of Trial Balance
• Rectification of Errors etc,
• Bank Reconciliation Statements
• Inventories
• Depreciation and Amortisation
• Bills of Exchange and Promissory Notes
• Preparation of Final Accounts of Sole Proprietors

Module 2:

• Financial Statements of Not-For Profit Organizations.
• Accounts from Incomplete Records
• Partnership and LLP Accounts
• Company Accounts

Paper 3 – Quantitative Aptitude

Paper 3 has three parts, and each part carries distinct marks. Topics for Paper 3:

Section A: Business Mathematics

• Ratio and Proportion, Indices and Logarithms
• Equations
• Linear Inequalities
• Mathematics of Finance
• Basic Concept of Permutations and Combinations
• Sequence and Series – Arithmetic and Geometric Progressions
• Sets, Relations, and Functions, Basics of Limits and Continuity Functions
• Basic applications of Differential and Integral Calculus in Business and Economics

Section B: Logical Reasoning

• Number series, Coding and Decoding and odd man out.
• Direction Tests
• Seating Arrangements
• Blood Relations

Section C: Statistics

• Unit – I Statistical Representation of Data
• Unit – II Sampling
• Measures of Central tendency and Dispersion
• Probability
• Theoretical Distributions
• Correlation and Regression
• Index Numbers

Paper 4: Business Economics

This paper has two parts for Paper 4:

• Nature and Scope of Business Economics
• Theory of Demand and Supply
• Theory of Production and Cost
• Price Determination in Different Markets
• Determination of National Income
• Public Finance
• Money Market
• International Trade
• Indian Economy

Common Mistakes to Avoid While Using the ICAI CA Foundation Notes for May 2026

• Skipping examples and illustrations (they are very exam-relevant)
• Ignoring the RTPs and MCQ booklets
• Depending only on coaching notes and ignoring the ICAI material
• Not updating yourself with ICAI latest circulars and announcements

How to Use CA Foundation Notes for More Benefits

• Follow the ICAI sequence: Study topics in the same order as mentioned in the ICAI module.
• Solve all examples: Try each illustration and back-exercise question. These are often exam-relevant.
• Highlight key points: Use color-coding while making notes for formulas, laws, or sections.
• Revise regularly: ICAI material is dense. Schedule periodic revision using short notes or summary sheets.
• Use ICAI RTPs & MTPs: Do not miss these mock papers—they prepare you for real exam patterns.

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