Agency Video Lecture | Business Laws for CA Foundation

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FAQs on Agency Video Lecture - Business Laws for CA Foundation

1. What is the CA Foundation exam?
Ans. The CA Foundation exam is an entry-level examination conducted by the Institute of Chartered Accountants of India (ICAI). It is a national-level examination that serves as the first step towards becoming a Chartered Accountant. The exam assesses the knowledge and understanding of aspiring Chartered Accountants in four subjects: 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.
2. How can I apply for the CA Foundation exam?
Ans. To apply for the CA Foundation exam, you need to register with the ICAI and fill out the online application form available on their official website. The registration process involves submitting necessary documents, such as proof of educational qualifications, age, and nationality. Once registered, you can apply for the exam by filling out the application form, paying the required fees, and selecting the examination center of your choice.
3. What is the eligibility criteria for the CA Foundation exam?
Ans. To be eligible for the CA Foundation exam, you must have completed 10+2 or its equivalent examination from a recognized board. There is no specific minimum percentage requirement to appear for the exam. However, you must have registered with the ICAI for the Foundation Course at least four months before the examination month. Additionally, there are no age restrictions, and both Indian and foreign students can apply for the exam.
4. How should I prepare for the CA Foundation exam?
Ans. Preparation for the CA Foundation exam requires a systematic and disciplined approach. Start by understanding the exam syllabus and dividing your study time accordingly. Make use of study materials provided by the ICAI and refer to recommended textbooks for each subject. Practice solving previous years' question papers and take mock tests to assess your preparation level. It is also advisable to join a coaching institute or take online classes to gain better insights and guidance from experienced faculty members.
5. What are the passing criteria for the CA Foundation exam?
Ans. To pass the CA Foundation exam, you need to score a minimum of 40% marks in each subject and a minimum of 50% marks in aggregate of all subjects. The passing marks are calculated based on the total marks of all papers combined. If you fail to meet the passing criteria, you will have to reappear for the entire exam. However, if you score 60% or more marks in any subject, you will be considered exempt in that subject for future attempts.
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