How to get exemption in CA Final FR
There've been a whole many of rumours with respect of Exemption in Financial Reporting (FR) exams, its applicability, its information etc. To clear entire these, we have widely researched on the exemption for FR exam and extracts of the research and discussed for your reference below.
Before going through how to get CA Final FR Exemption, let's understand fist passing requirements and rules of Exemption in CA:
Please note that this exam is simply an attempt to provide answers to questions on the subject, on the subject posed to us, by the applicants from to time to time, to the number of possibilities and with reference to the extent plan of the exam. Though, this complication is neither exhaustive nor does it purport to be a source of full info on the subject. Therefore, applicants are advised FR or in their own interest, to refer to the CA Final FR Notes and CA Final FR Video Lectures, supplied along with the exam application form, besides referring to the CA regulations 1988.
Learn how to get exemption in CA Final SFM
What are the passing requirements for CA Final FR?
First - A applicant shall ordinarily be declared to have passed in both of the groups simultaneously if he or she -
- Secures at 1 sitting a minimum of 40 per cent marks in every paper of each of the group and minimum of 50 per cent of marks in the aggregate of all the papers of any of the groups, or
- Secure at 1 sitting a minimum of 40 per cent of marks in any paper of both of the groups and a minimum of 50 per cent marks in the aggregate of entire papers of both groups taken jointly.
- An applicant who has appeared in entire papers comprised in unit/group and fails in 1 or more papers comprised in that unit/group but secures a minimum of sixty per cent of the marks in any paper or papers of that unit/group shall be qualified for the exemption in FR paper or papers in the next 3 following exams.
- He or she shall be declared to have passed in that unit/group if he or she secures at 1 sitting a minimum of 40 per cent marks in every one of the papers of that unit/group and a minimum of 50 per cent of the full marks of entire the papers of that unit/group including the paper in which he or she had secured a minimum of 60 marks in their earlier exam.
- He or she shall not be qualified for any more exemption in the remaining papers of that unit/group until he or she has exhausted the exemption already granted to him in that unit/group.
- The suggestions of the above paragraph clarified below, you have to appear in all the papers of the unit/group. You much have failed in the unit/group and should have secured a minimum of sixty marks in any paper of the unit/group.