CA FINAL SYLLABUS

CA FINAL SYLLABUS

CA FINAL SYLLABUS IN DETAIL

Group I

Paper 1: Financial Reporting

This paper focuses on advanced financial reporting standards and principles.

1. Ind AS-based Financial Statements (Including application of Indian Accounting Standards)

2. Consolidated and Separate Financial Statements

3. Corporate Restructuring (Amalgamation, Absorption, Mergers, and Acquisitions)

4. Accounting and Reporting of Financial Instruments

5. Share-based Payment (Ind AS 102)

6. Financial Reporting for Financial Institutions (Banks, Insurance, and NBFCs)

7. Integrated Reporting and Corporate Social Responsibility Reporting

8. Value Added Statement and Economic Value Added

9. Analysis of Financial Statements

10. Recent Trends in Financial Reporting

Paper 2: Strategic Financial Management

This paper covers financial management at a strategic level, including advanced tools for decision-making.

1. Financial Policy and Corporate Strategy

2. Risk Management (Forwards, Futures, Options, and Swaps)

3. Security Analysis and Portfolio Management

4. Capital Budgeting Decisions

5. Financial Services (Leasing, Hire Purchase, and Mutual Funds)

6. Derivatives and Commodity Markets

7. Foreign Exchange Risk Management

8. International Financial Management

9. Corporate Valuation and Mergers & Acquisitions

10. Startup Finance

Paper 3: Advanced Auditing and Professional Ethics

This paper addresses auditing standards, regulations, and ethical practices at an advanced level.

1. Audit of Consolidated Financial Statements

2. Audit of Banks, Insurance Companies, and NBFCs

3. Audit under Fiscal Laws

4. Due Diligence, Investigation, and Forensic Audit

5. Peer Review and Quality Review

6. Standards on Auditing (SA) and Guidance Notes

7. Audit of PSU, Co-operative Societies, and Local Bodies

8. Liabilities of Auditors

9. Internal Audit, Management and Operational Audit

10. Professional Ethics and Code of Conduct

Paper 4: Corporate and Economic Laws

This paper includes advanced corporate law and other economic regulations.

Section A: Company Law

1. The Companies Act, 2013 (Covering Chapters from Incorporation to Winding Up)

2. Corporate Governance and SEBI Regulations

3. Insolvency and Bankruptcy Code (IBC)

4. Foreign Exchange Management Act (FEMA)

Section B: Economic Laws

1. Securities Contract Regulation Act

2. Prevention of Money Laundering Act

3. Foreign Contribution Regulation Act

4. Competition Act, 2002

5. Arbitration and Conciliation Act, 1996

6. Securities Exchange Board of India (SEBI) Act

Group II

Paper 5: Strategic Cost Management and Performance Evaluation

This paper emphasizes strategic cost management, decision-making, and performance evaluation.

1. Strategic Cost Management (Costing Decision-making, Target Costing, Life Cycle Costing)

2. Cost Control and Cost Reduction

3. Lean System and Innovation (JIT, Kaizen, Six Sigma, etc.)

4. Pricing Decision and Profitability Analysis

5. Cost Management in Service Sector

6. Budgetary Control and Standard Costing

7. Performance Measurement and Evaluation

8. Divisional Performance Analysis and Transfer Pricing

9. Strategic Analysis of Operating Income

Paper 6: Elective Papers (Choose One)

1. Paper 6A: Risk Management

2. Paper 6B: Financial Services and Capital Markets

3. Paper 6C: International Taxation

4. Paper 6D: Economic Laws

5. Paper 6E: Global Financial Reporting Standards

6. Paper 6F: Multidisciplinary Case Study

These elective papers allow students to specialize in specific areas of their interest.

Paper 7: Direct Tax Laws and International Taxation

This paper covers the application of direct tax laws, tax planning, and international tax regulations.

Section A: Direct Tax Laws

1. Basic Concepts and Advanced Issues in Income Tax

2. Tax Planning and Management

3. Assessment Procedure and Income Computation

4. Business Restructuring (Tax Implications)

5. TDS, TCS, and Advance Tax

6. Taxation of Companies

7. Assessment of Various Entities

Section B: International Taxation

1. Transfer Pricing Provisions and Issues

2. Double Taxation Avoidance Agreement (DTAA)

3. Non-Resident Taxation

4. Equalization Levy

5. Base Erosion and Profit Shifting (BEPS) Action Plans

Paper 8: Indirect Tax Laws

This paper focuses on applying and analysing indirect taxes, particularly GST and Customs.

Section A: Goods and Services Tax (GST)

1. GST in India - Concepts and Basics

2. Levy, Time, and Place of Supply

3. Input Tax Credit and Computation

4. Registration and Composition Scheme

5. Tax Invoice, Credit and Debit Notes

6. Accounts and Records under GST

7. Returns, Payment, Refund, and E-way Bills

8. Assessment, Audit, Demand, and Recovery

9. Liability to Pay in Certain Cases

10. Offences, Penalties, and Appeals

Section B: Customs & Foreign Trade Policy

1. Basic Concepts of Customs Law

2. Valuation under the Customs Act

3. Import and Export Procedures

4. Customs Duty Drawback Schemes

5. Foreign Trade Policy

Examination Pattern

• Each paper is worth 100 marks.

• Papers 1 to 5, 7, and 8 are subjective, while Paper 6 is an open-book exam.

• Candidates must score at least 40% in each paper and 50% aggregate in each group to pass.

The CA Final Examination syllabus provides a comprehensive, in-depth understanding of finance, taxation, law, and strategic management to prepare candidates for senior roles in the field.

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