Consideration Video Lecture | Business Laws for CA Foundation

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FAQs on Consideration Video Lecture - Business Laws for CA Foundation

1. What is CA Foundation and how can I apply for the exam?
CA Foundation is an entry-level exam conducted by the Institute of Chartered Accountants of India (ICAI) for aspiring chartered accountants. To apply for the exam, you need to register with the ICAI and submit the application form online along with the required documents and fees.
2. What is the exam pattern for CA Foundation?
The CA Foundation exam consists of four papers: Principles and Practice of Accounting, Business Laws and Business Correspondence and Reporting, Business Mathematics and Logical Reasoning, and Statistics, and Business Economics and Business and Commercial Knowledge. Each paper carries a maximum of 100 marks, and the exam is conducted in offline (pen and paper) mode.
3. How long is the CA Foundation course and when is the exam conducted?
The CA Foundation course is designed to be completed within a minimum of four months. The exam is conducted twice a year, in May and November, giving students flexibility in choosing the most suitable time to appear for the exam.
4. What is the passing criteria for CA Foundation?
To pass the CA Foundation exam, a candidate needs to secure a minimum of 40% marks in each paper and an aggregate of 50% marks in all papers combined. Additionally, there is a provision of exemption where if a candidate scores 60% or more marks in any paper, they are exempted from that paper in future attempts.
5. What are the career prospects after clearing the CA Foundation exam?
Clearing the CA Foundation exam is the first step towards becoming a chartered accountant. After clearing the exam, you can proceed to the next level of the CA course, namely the CA Intermediate. Once you complete all the levels of the CA course and fulfill the practical training requirements, you can pursue a wide range of career opportunities such as working in auditing firms, consulting firms, corporate finance, taxation, and even starting your own practice as a chartered accountant.
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