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The last step to become CA is CA final exam. The syllabus for CA final is decided into 2 groups, further divided into 8 subjects from which one subject has options in itself.
Every paper of CA final is of 100 marks each out of which a candidate must score minimum of 40% marks in each subject and 50% marks in aggregate of all the subjects.
Course eligibility:
Registration process:
If a candidate is eligible for the exam then they must look up for the date of registration. Registration happens anytime in the year as this exam is conducted twice a year i.e. may and November. Students must only fill their registration if they have cleared both the groups of CA intermediate and are eligible for the CA final. This exam is only after a student has completed three years of practical training and AICITSS.
Documents needed
Registration validity:
Validity of the registration is for 5 years. In any case if you fail CA final in first attempt then you have 8 more attempts to go, without paying any registration fees for the exam. You can again attempt the exam after the study of 6 months. Students must pay the fees every time for the revised and updated study material.
CA final subjects
Group 1
Group 2
CA final revised syllabus
- Framework for preparation and presentation of financial statements
- Application of Indian accounting standards (Ind AS)
- Indian accounting standards on group accounting
- Accounting and reporting of financial instruments (as per Ind AS)
- Analysis of financial statements
- Integrated reporting
- Corporate social responsibility reporting
- Financial policy and corporate strategy
- Risk management
- Security analysis
- Portfolio management
- Securitization
- Mutual funds
- Derivatives analysis and valuation
- Foreign exchange Exposure and risk management
- International financial management
- Interest rate risk management
- corporate valuation
- Merges, acquisition and corporate restructuring
- Startup finance
- Auditing standards, statements and guidance notes
- Audit planning, strategy and execution
- Risk assessment and internal control
- Special aspects of auditing in an automated environment
- Audit of limited companies
- Audit reports
- Audit committee and corporate governance
- Audit of consolidated financial statements
- Special features of audit of banks, insurance and non banking financial companies
- Audit under fiscal laws
- Audit of public sector undertakings
- Liabilities of auditors
- Internal audit, management and operational audit
- Due diligence, investigation and forensic audit
- Peer review and quality review
• Professional ethics
Corporate law (70 marks)
Section A- Company law
- The companies act, 2013
- Corporate secretarial practice
Section B- Securities laws
- The securities contract (Regulation) Act, 1956 and the securities contract (Regulation) Rules, 1957
- The securities exchange board of India Act, 1992
Economic laws (30 marks)
- The foreign exchange management act, 1999
- The securitization and reconstruction of financial assets and enforcementof security interest axt, 2002
- The prevention of money laundering act, 2002
- Foreign contribution regulation act, 2010
- The arbitration and conciliation act, 1996
- The insolvency and bankruptcy code, 2016
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Part A- Strategic cost management and decision making
Part 1- strategic cost management
- Introduction to strategic cost management
- Modern business environment
- Lean system innovation
- Cost management techniques
- Cost management of specific sectors
Part 2- Strategic decision making
- Decision making
- pricing strategies/Decision
Part B- Performance evaluation and control
Part 1- Performance evaluation and reporting
- Performance measurement and evaluation
- Divisional transfer pricing
- Strategic ana6of operating income
Part 2- Managerial control
- Budgetary control
- Standard costing
Part C- Case study
- Introduction to risk
- Sources and evaluation of risk
- Risk management
- Evaluation of risk management strategies
- Risk model
- Credit risk management and measurement
- Risk associated with corporate governance
- Enterprise risk management
- Operational risk management
- Global financial markets
- Impact of various policies on financial markets
- Capital market- primary
- Capital market- Secondary
- Money market
- Institution and intermediaries
- Commodity markets
- Banking as a source of capital including NBFCs
- Mutual funds
- Private equity
- Investment banking
- Credit rating
- Treasury operations
- Risk management
- Credit derivatives
- Leasing decision
- Factoring
- SEBI guidelines
Part 1- Taxation of international transactions and nonresident taxation in India
- Transfer pricing provisions under the income tax act, 1961
- Other provisions relating to taxation of international transactions and nonresident taxation under the income tax act, 1961
- Law and procedures under the black money (undisclosed foreign income and assets) and imposition of tax act, 2015
Part 2- Other aspects of international taxation
- Overview of model tax convention
- Tax treaties, Application and interpretation
- Anti avoidance measures
- Taxation of E commerce transactions
- World trade organization (WTO) covering its role, principles, functions and dispute settlement mechanism
- Competition act, 2002 and rules/ regulations
- Real estate (Regulation and development) act, 2016 (central act rules/regulations)
- Insolvency and bankruptcy code, 2016 and rules/regulations
- Prevention of money laundering act, 2002 and rules/regulations
- Foreign exchange management act, 1999 rules/ regulations
- Prohibition of benami property transactions act, 1988 and rules/regulations
- Conceptual framework for financial reporting as per IFRS
- Application of international financial reporting standards
- Significant differences between IFRS & US GAAPs
- Financial accounting and reporting
- Audit and assurance
- Taxation
- Finance and financial management
- Management accounting
- Corporate laws
- Business strategy management
Part 1- Direct tax laws (70 marks)
- Basis of charge, residential status, income which do not form part of total income, heads of income, income of other person included in assessee’s total income, aggregation of income, set-off and carry forward losses, deductions from gross total income, rebates and reliefs
- Special provisions relating to companies and certain persons other than a company
- Provision related to charitable and religious trust and institutions, political parties and electoral trusts
- Tax planning, tax avoidance and tax evasion
- Collection & recovery of tax, refunds
- Income tax authorities, procedure for assessment, appeals and revision
- Settlement of tax cases, penalties, offences & prosecution
- Liability in special cases
- Miscellaneous provisions and other provisions
Part 2- International taxation (30 marks)
- Taxation of international transactions and non resident’s taxation
- Overview of model tax convention- OECD & UN
- Application and interpretation of tax treaties
- Fundamentals of base erosion and profit shifting
Part 1- Goods and services tax (75 marks)
- Introduction to GST in India including constitutional aspects
- Levy and collection pf CGST and IGST
- Place of supply
- Time and value of supply
- Input tax credits
- Computation of GST liability
- Procedure under GST including registration, tax invoices, credit and debit notes, electronic way bill, accounts and records, returns, payment tax including tax deductions at source and tax collection at source, refund, job work
- Liability to pay in certain cases• Inspection, search, seizure and arrest
- Demand and recovery
- Offences and penalties
- Advance ruling
- Appeals and revision
- Other provisions
Part 2- Customs & FTP (25 marks)
- Custom laws as contained in the custom act, 1962 and the custom tariff act, 1975
- Foreign trade policy to the extent relevant to the indirect tax laws
