What is the CA Foundation Exam?
The CA Foundation exam is the entry-level examination for the Chartered Accountancy course in India. It is administered by the Institute of Chartered Accountants of India (ICAI). Candidates who have completed their 10+2 education or its equivalent are eligible to take the CA Foundation exam. The exam consists of four papers: Principles and Practice of Accounting, Business Laws and Business Correspondence and Reporting, Business Mathematics and Logical Reasoning & Statistics, and Business Economics and Business and Commercial Knowledge. Successful completion of the CA Foundation exam is a prerequisite for registering for the intermediate level of the Chartered Accountancy course.
Syllabus:
The CA Foundation syllabus consists of four papers:
Paper 1: Principles and Practice of Accounting
This paper covers the basic concepts of accounting, including accounting principles and conventions, accounting for different types of transactions, preparation of financial statements, and the use of accounting software.
Paper 2: Business Laws and Business Correspondence and Reporting
This paper covers business laws, including the Indian Contract Act, the Sale of Goods Act, the Limited Liability Partnership Act, and the Companies Act. It also covers business correspondence and reporting, including letter writing, report writing, and the use of computers in business communication.
Paper 3: Business Mathematics and Logical Reasoning & Statistics
This paper covers mathematical concepts and techniques that are useful in business, such as arithmetic, algebra, geometry, trigonometry, and statistics. It also covers logical reasoning and statistics, including data interpretation and analysis.
Paper 4: Business Economics and Business and Commercial Knowledge
This paper covers the basic concepts of micro and macroeconomics, including the theory of demand and supply, production and cost, market structures, and business cycles. It also covers business and commercial knowledge, including the Indian economic environment and the role of government in promoting economic development.
Books You Can prefer for your CA Foundation Exam
There are many good CA Foundation books that students can prefer for their CA Foundation Exam and some of them are listed below:
Green Edition: CA Foundation Paper 1 Solved Scanner
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Green Edition: CA Foundation Paper 2 Solved Scanner
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Green Edition: CA Foundation Paper 3 Solved Scanner
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Green Edition: CA Foundation Paper 4 Solved Scanner
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Final Words:
After class 12th, becoming a Chartered Accountant is one of the most popular career choices. It is administered by the Institute of Chartered Accountants of India, a national professional accounting body. The CA exam has three levels and one must pass all three levels to become a CA. The very first is the CA Foundation which can be given after the 12th grade. For this exam to be passed, one has to be familiar with the ICAI's syllabus and exam pattern. There are four papers in the CA Foundation exam. With the help of Shuchita Prakashan's CA Entrance Exam Books, one can surely pass the exam. As per ICAI guidelines, these are the best books for aspirants preparing for the CA Foundation Exam.
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