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CA Final

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Integrated Professional Competence Course is the second level of CA examination.After Clearing the CPT test student have to give ipcc exam. This exam is divided into two groups or sections. Both these groups are can be studied separately or combined.

CA Final Syllabus & Subjects 2024: Marks & Weightage

The CA Final course includes Six subjects divided into groups of 3 papers each. Before preparing for the Intermediate exams, students must go through the complete syllabus of each subject to know the topics that need to be covered. It will also contain the marking scheme of the topics.

CA Final Group 1 Syllabus and Structure (New Syllabus)
  • Paper 1: Financial Reporting
  • Paper 2: Advanced Financial Management
  • Paper 3: Advanced Auditing, Assurance and Professional Ethics
CA Final Group 2 Syllabus and Structure (New Syllabus)
  • Paper 4: Direct Tax Laws & International Taxation
  • Paper 5: Indirect Tax Laws
  • Paper 6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)
    • Section A: Corporate and Economic Laws
    • Section B: Strategic Cost & Performance Management

CA Final Syllabus 2024

CA Final Group 1 Syllabus
Paper-1: Financial Reporting

The CA Final Financial Reporting syllabus for the exams is as follows:

Module 1:
  1. Introduction to Indian Accounting Standards
  2. Conceptual Framework for Financial Reporting under Indian Accounting Standards (Ind AS)
  3. Ind AS on Presentation of Items in the Financial Statements
    • Ind AS 1 “Presentation of Financial Statements”.
    • Ind AS 34 “Interim Financial Reporting”.
    • Ind AS 7 “Statement of Cash Flows”.
  4. Ind AS on Measurement based on Accounting Policies
    • Ind AS 8 “Accounting Policies, Changes in Accounting Estimates and Errors”.
    • Ind AS 10 “Events after the Reporting Period”.
    • Ind AS 113 “Fair Value Measurement”.
  5. Ind AS 115 “Revenue from Contracts with Customers”
Module 2:
  1. Ind AS on Assets of the Financial Statements
    • Ind AS 2 “Inventories”.
    • Ind AS 16 “Property, Plant and Equipment”.
    • Ind AS 23 “Borrowing Costs”.
    • Ind AS 36 “Impairment of Assets”.
    • Ind AS 38 “Intangible Assets”.
    • Ind AS 40 “Investment Property”
    • Ind AS 105 “Non-current Assets Held for Sale and Discontinued Operations”
    • Ind AS 116 “Leases”
  2. Other Indian Accounting Standards
    • Ind AS 41 “Agriculture”
    • Ind AS 20 “Accounting for Government Grants and Disclosure of Government Assistance”.
    • Ind AS 102 “Share Based Payment”
Module 3:
  1. Ind AS on Liabilities of the Financial Statements
    • Ind AS 19 “Employee Benefits”
    • Ind AS 37 “Provisions, Contingent Liabilities and Contingent Assets”
  2. Ind AS on Items impacting the Financial Statements
    • Ind AS 12 “Income Taxes”.
    • Ind AS 21 “The Effects of Changes in Foreign Exchange Rates”.
  3. Ind AS on Disclosures in the Financial Statements
    • Ind AS 24 “Related Party Disclosures”.
    • Ind AS 33 “Earnings per Share”.
    • Ind AS 108 “Operating Segments”.
  4. Accounting and Reporting of Financial Instruments
    • Financial Instruments: Scope and Definitions
    • Classification and Measurement of Financial Assets and Financial Liabilities.
    • Financial Instruments: Equity and Financial Liabilities
    • Derivatives and Embedded Derivatives
    • Recognition and Derecognition of Financial Instruments
    • Hedge Accounting
    • Disclosures
Module 4:
  1. Ind AS 103 “Business Combinations”.
  2. Consolidated and Separate Financial Statements of Group Entities.
  3. Ind AS 101 “First-time Adoption of Indian Accounting Standards”
  4. Analysis of Financial Statements
  5. Professional and Ethical Duty of a Chartered Accountant
  6. Accounting and Technology
Paper-2 : CA Final Advanced Financial Management (AFM)

The CA Final AFM syllabus for the exams is as follows:

  1. Financial Policy and Corporate Strategy
  2. Risk Management
  3. Advanced Capital Budgeting Decisions
  4. Security Analysis
  5. Security Valuation
  6. Portfolio Management
  7. Securitization
  8. Mutual Funds
  9. Derivatives Analysis and Valuation
  10. Foreign Exchange Exposure and Risk Management
  11. International Financial Management
  12. Interest Rate Risk Management
  13. Business Valuation
  14. Mergers, Acquisitions and Corporate Restructuring
  15. Startup Finance
Paper-3 : CA Final Advanced Accounting, Assurance and Professional Ethics

The CA Final Advanced Accounting, Assurance and Professional Ethics syllabus for the exams is as follows.

Module 1:
  1. Quality Control
  2. General Auditing Principles and Auditors Responsibilities
  3. Audit Planning, Strategy and Execution
  4. Materiality, Risk Assessment and Internal Control
  5. Audit Evidence
  6. Completion and Review
  7. Reporting
Module 2:
  1. Specialised Areas
  2. Audit-related Services
  3. Review of Financial Information
  4. Prospective Financial Information and Other Assurance Services
  5. Digital Auditing and Assurance
  6. Group Audits
  7. Special Features of Audit of Banks and Non-Banking Financial Companies
Module 3:
  1. Overview of Audit of Public Sector Undertakings
  2. Internal Audit
  3. Due Diligence, Investigation & Forensic Audit
  4. Emerging Areas: Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance
  5. Professional Ethics & Liabilities of Auditors
CA Final Group 2 Syllabus
Paper-4: Direct Tax Laws & International Taxation

The CA Final syllabus for the exams in Direct Tax Laws & International Taxation is as follows.

Module 1:
  1. Basic Concepts
  2. Incomes which do not form part of Total Income
  3. Profits and Gains of Business or Profession
  4. Capital Gains
  5. Income from Other Sources
  6. Income of Other Persons included in Assessee’s Total Income
  7. Aggregation of Income, Set Off or Carry Forward of Losses
  8. Deductions from Gross Total Income
Module 2:
  1. Assessment of Various Entities
  2. Assessment of Trusts and Institutions, Political Parties and Other Special Entities
  3. Tax Planning, Tax Avoidance and Tax Evasion
  4. Taxation of Digital Transactions
Module 3:
  1. Deduction, Collection and Recovery of Tax
  2. Income Tax Authorities
  3. Assessment Procedure
  4. Appeals and Revision
  5. Dispute Resolution
  6. Miscellaneous Provisions
  7. Provisions to Counteract Unethical Tax Practices
  8. Tax Audit and Ethical Compliances
Module 4:
  1. Non Resident Taxation
  2. Double Taxation Relief
  3. Advance Rulings
  4. Transfer Pricing
  5. Fundamentals of BEPS
  6. Application and Interpretation of Tax Treaties
  7. Overview of Model Tax Conventions
  8. Latest Developments in International Taxation
Paper-5: Indirect Tax Laws

The CA Final Indirect Tax Laws syllabus for the exams is as follows.

Module 1:
  1. Supply Under GST
  2. Charge Of GST
  3. Place of Supply
  4. Exemptions from GST
  5. Time of Supply
  6. Value Of Supply
Module 2:
  1. Input Tax Credit
  2. Registration
  3. Tax Invoice, Credit and Debit Notes
  4. Accounts and Records; E-way Bill
  5. Payment of Tax
  6. Electronic Commerce Transactions Under GST
  7. Returns
Module 3:
  1. Import and Export Under GST
  2. Refunds
  3. Job Work
  4. Assessment and Audit
  5. Inspection, Search, Seizure and Arrest
  6. Demand and Recovery
  7. Liability to Pay in Certain Cases
  8. Offences and Penalties and Ethical Aspects under GST
  9. Appeals and Revisions
  10. Advance Ruling
  11. Miscellaneous Provisions
Module 4:
  1. Levy of Exemptions from Customs Duty
  2. Types of Duty
  3. Classification of Imported & Exported Goods
  4. Valuation Under the Customs Act, 1962
  5. Importation and Exportation of Goods
  6. Warehousing
  7. Refund
  8. Foreign Trade Policy
Paper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)
Section A: Corporate and Economic Laws
Module 1: Company Law
  1. Appointment and Qualification of Directors
  2. Appointment and Remuneration of Managerial Personnel
  3. Inspection, Inquiry and Investigation
  4. Prevention of Oppression and Mismanagement
  5. Winding Up
  6. Miscellaneous Provisions
  7. Adjudication, Special Courts, National Company Law Tribunal & National Company Law Appellate Tribunal
  8. e-Filing
Module 2: Securities Laws
  1. SEBI Act, 1992, SEBI (LODR) Regulations, 2015, SEBI (ICDR) Regulations, 2018, SEBI (SAST) Regulations, 2011 and SEBI (PIT) Regulations, 2015
Part II: Economic Laws
  1. The Foreign Exchange Management Act, 1999
  2. The Foreign Contribution Regulation Act, 2010
  3. The Insolvency and Bankruptcy Code, 2016
Section B: Strategic Cost & Performance Management
Module 1 :
  1. Introduction to Strategic Cost Management
  2. Modern Business Environment
  3. Lean System and Innovation
  4. Specialist Cost Management Techniques
  5. Management of Cost Strategically for Emerging Business Models
  6. Strategic Revenue Management
  7. Strategic Profit Management
Module 2 :
  1. An Introduction to Strategic Performance Management
  2. Strategic Performance Measures in Private Sector
  3. Strategic Performance Measures in the Non-for-Profit Organisations
  4. Preparation of Performance Reports
  5. Divisional Transfer Pricing
  6. Standard Costing
  7. Case Study
For More details visit icai.org

CA Final Course