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The CA Foundation Exam is conducted by the Institute of Chartered Accountants of India (ICAI) for admission into the Chartered Accountancy (CA) program. It is the entry-level examination for students aspiring to become Chartered Accountants.
Eligibility:
Students who have completed their Class 12 examination under a recognized board (like CBSE, ICSE, etc.) are eligible to appear for the CA Foundation Exam. Candidates must also register with ICAI for the Foundation course at least four months before the exam. This is a key requirement for appearing in the exam.
Exam Structure
The CA Foundation Exam consists of four papers:
- Principles and Practice of Accounting
- Business Laws and Business Correspondence and Reporting
- Business Mathematics, Logical Reasoning, and Statistics
- Business Economics and Business and Commercial Knowledge
The exam includes both subjective and objective types of questions:
- Papers 1 and 2 are subjective (descriptive).
- Papers 3 and 4 are objective (Multiple Choice Questions),
Importance
The CA Foundation Exam is the first crucial step toward becoming a Chartered Accountant. Clearing this exam is a gateway to the intermediate and final levels of the CA course, opening doors to careers in accounting, auditing, taxation, and finance.
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