About this course
FEMA framework and transaction classification: Foundations. For CA trainees; finance executives; new directors. Seven topic lessons and narrated animated explainers, seven knowledge checks, five applied activities and a sampled final assessment. Complete the guided FEMA transaction classification card. Prerequisite: None. Original fictional cases explain FEMA transaction classification, treasury controls and RBI reporting. Confirm current rules, exemptions and live filing requirements for the actual entity. The study estimate measures all required learning; the workbook's 55-minute value was a planning target.
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Learners interested in this course
What you will learn
Course outline
1. Purpose of FEMA and the hierarchy of Act, rules, regulations and RBI directions
- Purpose of FEMA and the hierarchy of Act, rules, regulations and RBI directions
- Purpose of FEMA and the hierarchy of Act, rules, regulations and RBI directions — video
- Topic 1 knowledge check
- Decision Mission: Purpose of FEMA and the hierarchy of Act, rules, regulations and…
2. Resident and non-resident status as transaction inputs
- Resident and non-resident status as transaction inputs
- Resident and non-resident status as transaction inputs — video
- Topic 2 knowledge check
- Case Quest: Resident and non-resident status as transaction inputs
3. Current account versus capital account transactions
- Current account versus capital account transactions
- Current account versus capital account transactions — video
- Topic 3 knowledge check
- Impact Simulator: Transaction classification evidence gap
4. Permitted, restricted and approval-based transaction paths
- Permitted, restricted and approval-based transaction paths
- Permitted, restricted and approval-based transaction paths — video
- Topic 4 knowledge check
- Practice Lab: Permitted, restricted and approval-based transaction paths
5. Role of authorised dealer banks and transaction documents
- Role of authorised dealer banks and transaction documents
- Role of authorised dealer banks and transaction documents — video
- Topic 5 knowledge check
- Roleplay Studio: brief the decision-maker
6. Basic reporting, recordkeeping and contravention concepts
- Basic reporting, recordkeeping and contravention concepts
- Basic reporting, recordkeeping and contravention concepts — video
- Topic 6 knowledge check
7. Case: Classify six cross-border transactions as current, capital or restricted
- Case: Classify six cross-border transactions as current, capital or restricted
- Case: Classify six cross-border transactions as current, capital or restricted — video
- Topic 7 knowledge check
Final assessment
- Final assessment