What is the syllabus of CA final examination, and what are the subjects in CA final?

CA Final Syllabus

This blog provides a comprehensive overview of the CA Final syllabus and subjects, specifically focusing on the new syllabus introduced by ICAI for the CA Final Exam. As the final and third level of Chartered Accountancy, candidates who have passed both Group I and II of CA Intermediate and completed 2.5 years of practical training are eligible to take the exam. It is important to note that ICAI has recently updated the syllabus for the CA Final Exam.

CA Final exam overview

The CA Final syllabus consists of 8 subjects, divided into 2 groups, each containing 4 subjects, similar to the CA intermediate syllabus. The exam is worth a total of 800 marks, with each paper carrying 100 marks. Candidates can choose to attempt one group at a time or both simultaneously and can opt for English or Hindi language. To pass the exam, a minimum of 40% in each subject and an overall aggregate of 50% is required. The exam takes place twice a year in May and November, and there is no negative marking for wrong answers.

CA Final Subjects

Group 1

Paper-1: Financial Reporting

Paper-2: Strategic Financial Management

Paper-3: Advanced Auditing and Professional Ethics

Paper-4: Corporate and Economic Laws

Group 2

Paper-5: Strategic Cost Management and Performance Evaluation

Paper-6A: Risk Management

Paper-6B: Financial Services and Capital Markets

Paper-6C: International Taxation

Paper-6D: Economics Laws

Paper-6E: Global Financial Reposting Standards

Paper-6F: Multidisciplinary Case Study

Paper-7: Direct Tax Laws and International Taxation

Paper-8: Indirect Tax Laws

CA Final Subject Details
Paper-1: Financial Reporting

Module 1

Chapter 1: Framework for Preparation and Presentation of Financial Statements

Chapter 2: Ind AS on Presentation of Items in the Financial Statements

Chapter 3: Ind AS 115: Revenue from Contracts with Customers

Chapter 4: Ind AS on Measurement based on Accounting Policies

Chapter 5: Other Indian Accounting Standards

Chapter 6: Ind AS 101: First-time Adoption of Ind AS

Module 2

Chapter 7: Ind AS on Assets of the Financial Statements

Chapter 8: Ind AS 41: Agriculture

Module 3

Chapter 9: Ind AS on Liabilities of the Financial Statements

Chapter 10: Ind AS on Items impacting the Financial Statements

Chapter 11: Ind AS on Disclosures in the Financial Statements

Chapter 12: Accounting and Reporting of Financial Instruments

Module 4

Chapter 13: Business Combination and Corporate Restructuring

Chapter 14: Consolidated and Separate Financial Statements of Group Entities

Chapter 15: Analysis of Financial Statements

Chapter 16: Integrated Reporting

Chapter 17: Corporate Social Responsibility

Paper-2: Strategic Financial Management

Chapter 1: Financial Policy and Corporate Strategy

Chapter 2: Risk Management

Chapter 3: Security Analysis

Chapter 4: Security Valuation

Chapter 5: Portfolio Management

Chapter 6: Securitization

Chapter 7: Mutual Funds

Chapter 8: Derivatives Analysis and Valuation

Chapter 9: Foreign Exchange Exposure and Risk Management

Chapter 10: International Financial Management

Chapter 11: Interest Rate Risk Management

Chapter 12: Corporate Valuation

Chapter 13: Mergers, Acquisitions and Corporate Restructuring

Chapter 14: Startup Finance

Paper-3: Advanced Auditing and Professional Ethics

Module 1

Chapter 1: Auditing Standards, Statements and Guidance Notes – An Overview

Chapter-2: Audit Planning, Strategy and Execution

Chapter 3: Risk Assessment and Internal Control

Chapter 4: Special Aspects of Auditing in an Automated Environment

Chapter 5: Company Audit

Chapter 6: Audit Reports

Module 2

Chapter 7: Audit Committee and Corporate Governance

Chapter 8: Audit of Consolidated Financial Statements

Chapter 9: Audit of Banks

Chapter 10: Audit of Insurance Company

Chapter 11: Audit of Non-Banking Financial Companies

Chapter 12: Audit under Fiscal Laws

Module 3

Chapter 13: Audit of Public Sector Undertakings

Chapter 14: Liabilities of Auditor

Chapter 15: Internal Audit, Management and Operational Audit

Chapter 16: Due Diligence, Investigation and Forensic Audit

Chapter 17: Peer Review and Quality Review

Chapter 18: Professional Ethics

Paper-4: Corporate and Economic Laws

Part-I: Corporate Laws

Module-1

Section-A: Company Law

Chapter 1: Appointment and Qualifications of Directors

Chapter 2: Appointment and Remuneration of Managerial Personnel

Chapter 3: Meetings of Board and its Powers

Chapter 4: Inspection, Inquiry and Investigation

Chapter 5: Compromises, Arrangements and Amalgamations

Chapter 6: Prevention of Oppression and Mismanagement

Chapter 7: Winding Up

Chapter 8: Producer Companies

Module-2

Section-A: Company Law

Chapter 9: Companies incorporated outside India

Chapter 10: Miscellaneous Provisions

Chapter 11: Compounding of Offences, Adjudication, Special Courts

Chapter 12: National Company Law Tribunal and Appellate Tribunal

Chapter 13: Corporate Secretarial Practice – Drafting of Notices, Resolutions, Minutes and Reports

Section-B: Securities Laws

Chapter 1: The Securities Contract (Regulation) Act, 1956 and the Securities Contract (Regulation) Rules, 1957

Chapter 2: The Securities Exchange Board of India Act, 1992, and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

Part-II: Economic Laws

Module-3

Chapter 1: The Foreign Exchange Management Act, 1999

Chapter 2: The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

Chapter 3: The Prevention of Money Laundering Act, 2002

Chapter 4: Foreign Contribution Regulation Act, 2010

Chapter 5: The Arbitration and Conciliation Act, 1996

Chapter 6: The Insolvency and Bankruptcy Code, 2016

Paper-5: Strategic Cost Management and Performance Evaluation

Part-A: Strategic Cost Management and Decision Making

Chapter 1: Introduction to Strategic Cost Management

Chapter 2: Modern Business Environment

Chapter 3: Lean System and Innovation

Chapter 4: Cost Management Techniques

Chapter 5: Cost Management for Specific Sector

Chapter 6: Decision Making

Chapter 7: Pricing Decision

Part-B: Performance Evaluation and Control

Chapter 8: Performance Measurement and Evaluation

Chapter 9: Divisional Transfer Pricing

Chapter 10: Strategic Analysis of Operating Income

Chapter 11: Budgetary Control

Chapter 12: Standard Costing

Part-C: Case Study

Chapter 13: Case Study

Paper-6A: Risk Management

Chapter 1: Introduction to Risk

Chapter 2: Source and Evaluation of Risks

Chapter 3: Risk Management

Chapter 4: Evaluation of Risk Management Strategies.

Chapter 5: Risk Model

Chapter 6: Credit Risk Measurement and Management

Chapter 7: Risk associated with Corporate Governance

Chapter 8: Enterprise Risk Management

Chapter 9: Operational Risk Management

Paper-6B: Financial Services and Capital Markets

Part – A

Chapter 1: Global Financial Markets

Chapter 2: Impact of various policies of Financial Markets

Chapter 3: Capital Market – Primary

Chapter 4: Capital Market – Secondary

Chapter 5: Money Market

Chapter 6: Institutions and Intermediaries

Chapter 7: Commodity Market

Chapter 8: Banking as Source of Capital Including NBFCs

Chapter 9: Mutual Funds

Chapter 10: Private Equity

Chapter 11: Investment Banking

Chapter 12: Credit Rating

Chapter 13: Treasury Operations

Chapter 14: Risk Management

Chapter 15: Credit Derivatives

Chapter 16: Leasing

Chapter 17: Factoring

Part – B

Chapter 1: SEBI (ICDR) Regulations, 2018

Chapter 2: SEBI (LODR) Regulations, 2015

Chapter 3: SEBI (Prohibition of Insider Trading) Regulations, 2015

Chapter 4: SEBI (Buy Back of Securities) Regulations, 2018

Chapter 5: SEBI (Mutual Funds) Regulations, 1996

Paper-6C: International Taxation

Chapter 1: Transfer Pricing

Chapter 2: Non-resident Taxation

Chapter 3: Double Taxation Relief

Chapter 4: Advance Rulings

Chapter 5: An Overview of the Black Money and the Imposition of Tax Law

Chapter 6: Taxation of E-Commerce Transactions

Chapter 7: Tax Treaties: Overview, Features, Application and Interpretation

Chapter 8: Anti Avoidance Measures

Chapter 9: Overview of Model Tax Conventions

Paper-6D: Economics Laws

Chapter 1: The Competition Act, 2002

Chapter 2: The Real Estate (Regulation & Development) ACT, 2016

Chapter 3: Insolvency and Bankruptcy Code, 2016

Chapter 4: Prevention of Money Laundering Act, 2002

Chapter 5: The Foreign Exchange Management Act, 1999

Chapter 6: Prohibition of Benami Property Transactions Act, 1988

Paper-6E: Global Financial Reposting Standards

Chapter 1: Conceptual Framework for Financial Reporting as per IFRS

Chapter 2: Application of International Financial Reporting Standards

Chapter 3: Significant differences between IFRS and US GAAPs

Paper-6F: Multidisciplinary Case Study

Chapter 1: Financial Accounting and Reporting

Chapter 2: Audit and Assurance

Chapter 3: Taxation

Chapter 4: Finance and Financial Management

Chapter 5: Management Accounting

Chapter 6: Corporate Laws

Chapter 7: Business Strategy and Management

Paper-7: Direct Tax Laws and International Taxation

Part I: Direct Tax Laws

Module 1

Chapter 1: Basic Concepts

Chapter 2: Residence and Scope of Total Income

Chapter 3: Incomes which do not form part of Total Income

Chapter 4: Salaries

Chapter 5: Income from House Property

Chapter 6: Profits and Gains of Business or Profession

Chapter 7: Capital Gains

Chapter 8: Income from Other Sources

Module 2

Chapter 9: Income of Other Persons included in assessee’s Total Income

Chapter 10: Aggregation of Income, Set-Off and Carry Forward of Losses

Chapter 11: Deductions from Gross Total Income

Chapter 12: Assessment of Various Entities

Chapter 13: Charitable or Religious Trusts and Institutions, Political Parties and Electoral Trusts

Chapter 14: Tax Planning, Tax Avoidance & Tax Evasion

Module 3

Chapter 15: Deduction, Collection and Recovery of Tax

Chapter 16: Income-tax Authorities

Chapter 17: Assessment Procedure

Chapter 18: Appeals and Revision

Chapter 19: Settlement of Tax Cases

Chapter 20: Penalties

Chapter 21: Offences and Prosecution

Chapter 22: Liability in Special Cases

Chapter 23: Miscellaneous Provisions

Part II: International Taxation

Module 4

Chapter 1: Transfer Pricing and Other Provisions to check Avoidance of Tax

Chapter 2: Non Resident Taxation

Chapter 3: Double Taxation Relief

Chapter 4: Advance Rulings

Chapter 5: Equalisation Levy

Chapter 6: Application and Interpretation of Tax Treaties

Chapter 7: Fundamentals of Base Erosion and Profit Shifting

Chapter 8: Overview of Model Tax Conventions

Paper-8: Indirect Tax Laws

Part-I Goods and Services Tax

Module 1        

Chapter 1: GST in India – An Introduction

Chapter 2: Supply under GST

Chapter 3: Charge of GST

Chapter 4: Exemptions from GST

Chapter 5: Place of Supply

Chapter 6: Time of Supply Chapter 7: Value of Supply

Module 2

Chapter 8: Input Tax Credit

Chapter 9: Registration

Chapter 10: Tax Invoice, Credit and Debit Notes

Chapter 11: Accounts and Records; E-way Bill

Chapter 12: Payment of Tax

Chapter 13: Returns

Module 3

Chapter 14– Import And Export Under Gst

Chapter 15– Refunds

Chapter 16– Job Work

Chapter 17- Assessment And Audit

Chapter 18- Inspection, Search, Seizure And Arrest

Chapter 19- Demands And Recovery

Chapter 20- Liability to Pay Tax in Certain Cases

Chapter 21- Offences And Penalties

Chapter 22- Appeals And Revisions

Chapter 23- Advance Ruling

Chapter 24- Miscellaneous Provisions

Part-II Customs & FTP

Module – 4

Chapter 1: Levy of and Exemptions from Customs Duty

Chapter 2: Types of Duty

Chapter 3: Classification of Imported and Export Goods

Chapter 4: Valuation under the Customs Act, 1962

Chapter 5: Importation, Exportation and Transportation of Goods

Chapter 6: Duty Drawback

Chapter 7: Refund

Chapter 8: Foreign Trade Policy

CA Final Coaching