ca final subjects and syllabus

CA Final New Syllabus and Subjects (New Course PDF)

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Searching for CA Final subjects implemented in the new course? You landed at an absolutely correct place. On this page, we have provided you the information regarding CA subjects and the new syllabus.

The entire syllabus of CA Final is divided into 2 groups which is further divided into 8 subjects from which one has optional subjects in itself.

Every paper of CA Final new syllabus contains 100 marks each and from which you need to secure a minimum of 40% marks in each subject and 50% in aggregate of all the CA Final subjects.

Below, we have given the latest CA Final Syllabus as per the new scheme by ICAI. There is also a Downloads Section at the end of the syllabus, from where you can download the study material, all types of question papers, complete section-wise marks weightage, get a list of recommended CA Final books, and much more. 

Don’t miss out to check links to the following important things:

How to become a CA 

Secrets to achieve a good rank along with high marks in the upcoming CA Final Exam,

Tips for revising the complete syllabus in just one month.

Table of Contents

CA Final New Course Eligibility 

The eligibility criteria for CA Final New Course mentioned below:-

  1. The applicants should have passed both groups of the CA Intermediate Examination.
  2. The applicants should successfully go through Four Weeks of Advanced Integrated Course on Information Technology and Soft Skills including courses on Advanced Information Technology and Management Communication Skills throughout the last 2 years practical training but prior to appearing in the CA Final Exams.

CA Final New Course Registration

If a candidate is eligible to register for CA Final course 2021 you shall look for the dates in order to register for the CA Final course.

ICAI starts the registration process at any time in the year as the exam happens twice in a year i.e. in May and November 2021, so the registration for CA Final takes place before the exams. Candidates must register themselves for CA Final examination if they have cleared both groups of CA Inter and hence are eligible for registration. Also, the eligibility to appear in the CA Final examination is only after a candidate has completed three years of practical training and AICITSS.

Documents Needed for the Registration Process

Here are the documents which are needed for the registration process:-

  1. Attested copy of the proof of Nationality
  2. If a candidate is a foreigner then they need to submit the attested copy of proof of special category- SC/ST, OBC.
  3. Marksheet of Intermediate/ IPCC exams
  4. AICITSS Certificate

CA Final Course 2021 Registration Validity

Now that you have registered for CA Final Examination, the validity for the registration will be of 5 years. In any case, if you failed in your CA Final exam in the first attempt then you have eight more attempts to go, and that too without paying any registration fees for the CA Final examination. You can again attempt the examination after having a study time for 6 months. 

But a candidate needs to pay the CA Final examination fee every time you appear for the exams for revised and updated study material.

CA Final New Syllabus and SubjectsDownload PDF

CA Final Subjects for New Syllabus

The subjects for CA Final new subjects are hereunder:-

Group I

  1. Paper 1- Financial Reporting
  2. Paper 2- Strategic Financial Management
  3. Paper 3- Advanced Auditing and Professional Ethics
  4. Paper 4- Corporate and Economic Laws

Group II

  1. Paper 5- Strategic Cost Management and Performance Evaluation
  2. Paper 6A- Risk Management
  3. Paper 6B- Financial Services and Capital Markets
  4. Paper 6C- International Taxation
  5. Paper 6D- Economic Laws
  6. Paper 6E- Global Financial Reporting Standards
  7. Paper 6F- Multidisciplinary Case Study
  8. Paper 7- Direct Tax Laws and International Taxation
  9. Paper 8- Indirect Tax Laws

CA Final Syllabus May 2021 (as per revised scheme)

Paper 1: Financial Reporting (100 Marks)

1Framework for Preparation and Presentation of Financial Statements 
2Application of Indian Accounting Standards (Ind AS) 
3Indian Accounting Standards on Group Accounting
4Accounting and Reporting of Financial Instruments (as per Ind AS)
5Analysis of Financial Statements 
6Integrated Reporting 
7Corporate Social Responsibility Reporting 

Paper 2: Strategic Financial Management (100 Marks)

1Financial Policy and Corporate Strategy 
2Risk Management
3Security Analysis
4Security Valuation
5Portfolio Management
7Mutual Fund
8Derivatives Analysis and Valuation
9Foreign Exchange Exposure and Risk Management 
10International Financial Management
11Interest Rate Risk Management 
12Corporate Valuation 
13Mergers, Acquisitions and Corporate Restructuring
14Startup Finance

Paper 3: Advanced Auditing and Professional Ethics (100 Marks)

1Auditing Standards, Statements and Guidance Notes
2Audit Planning, Strategy and Execution
3Risk Assessment and Internal Control
4Special aspects of Auditing in an Automated Environment
5Audit of Limited Companies
6Audit Reports
7Audit Committee and Corporate Governance
8Audit of Consolidated Financial Statements
9Special features of audit of Banks, Insurance & Non Banking Financial Companies
10Audit under Fiscal Laws
11Audit of Public Sector Undertakings
12Liabilities of Auditors
13Internal Audit, Management and Operational Audit
14Due Diligence, Investigation and Forensic Audit
15Peer Review and Quality Review
16Professional Ethics

Paper 4: Corporate and Economic Laws (100 Marks)

Part I: Corporate Laws (70 Marks)

Section A: Company Law 
1The Companies Act, 2013
2Corporate Secretarial Practice
Section B: Securities Laws
1The Securities Contract (Regulation) Act, 1956 and the Securities Contract (Regulation) Rules, 1957
2The Securities Exchange Board of India Act, 1992

Part II: Economic Laws (30 Marks)

1The Foreign Exchange Management Act, 1999
2The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
3The Prevention of Money Laundering Act, 2002
4Foreign Contribution Regulation Act, 2010
5The Arbitration and Conciliation Act, 1996
6The Insolvency and Bankruptcy Code, 2016

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    Paper 5: Strategic Cost Management and Performance Evaluation (100 Marks)

    Part A: Strategic Cost Management and Decision Making

    Sub Part I: Strategic Cost Management
    1Introduction to Strategic Cost Management
    2Modern Business Environment
    3Lean System and Innovation
    4Cost Management Techniques
    5Cost Management for Specific Sectors
    Sub Part II: Strategic Decision Making
    1Decision Making 
    2Pricing Strategies/ Decisions 

    Part B: Performance Evaluation and Control

    Sub Part I: Performance Evaluation and Reporting
    1Performance Measurement and Evaluation 
    2Divisional Transfer Pricing 
    3Strategic Analysis of Operating Income
    Sub Part II: Managerial Control
    1Budgetary Control 
    2Standard Costing 

    Part C: Case Study

    1Case Study

    Paper 6A: Risk Management (100 Marks)

    1Introduction to risk
    2Source and evaluation of risks
    3Risk management
    4Evaluation of Risk Management Strategies
    5Risk model 
    6Credit risk measurement and management
    7Risk associated with corporate governance
    8Enterprise Risk Management
    9Operational Risk Management

    Paper 6B: Financial Services and Capital Markets (100 Marks)

    1Global Financial Markets 
    2Impact of various Policies of Financial Markets 
    3Capital Market – Primary
    4Capital Market – Secondary
    5Money Market 
    6Institutions and Intermediaries 
    7Commodity Market 
    8Banking as source of Capital including NBFCs
    9Mutual Funds 
    10Private Equity
    11Investment Banking 
    12Credit Rating
    13Treasury Operations 
    14Risk Management 
    15Credit Derivatives
    16Leasing Decisions
    18SEBI Guidelines 

    Paper 6C: International Taxation (100 Marks)

    Part I: Taxation of International Transactions and Non-resident Taxation in India 
    1Transfer Pricing provisions under the Income-tax Act, 1961 
    2Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961 
    3Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
    Part II: Other aspects of International Taxation
    1Overview of Model Tax Conventions 
    2Tax treaties, Application and Interpretation
    3Anti Avoidance Measures 
    4Taxation of E-Commerce Transactions

    Paper 6D: Economic Laws (100 Marks)

    1World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism
    2Competition Act, 2002 and Rules/ Regulations
    3Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/ Regulations] 
    4Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations 
    5Prevention of Money Laundering Act, 2002 and Rules/ Regulations
    6Foreign Exchange Management Act, 1999 and Rules/ Regulations
    7Prohibition of Benami Property Transactions Act, 1988 and Rules/ Regulations

    Paper 6E: Global Financial Reporting Standards (100 Marks)

    1Conceptual Framework for Financial Reporting as per IFRS
    2Application of International Financial Reporting Standards
    3Significant differences between IFRS and US GAAPs

    Paper 6F: Multidisciplinary Case Study (100 Marks)

    1Financial Accounting and Reporting
    2Audit and Assurance
    4Finance and Financial Management
    5Management Accounting
    6Corporate Laws
    7 Business Strategy and Management

    Paper 7: Direct Tax Laws and International Taxation (100 Marks)

    Part I: Direct Tax Laws (70 Marks)

    1Basis of charge, residential status, income which do not form part of total income, heads of income, income of other persons included in assessee’s total income, aggregation of income, set-off and carry forward of losses, deductions from gross total income, rebates and reliefs
    2Special provisions relating to companies and certain persons other than a company
    3Provisions relating to charitable and religious trust and institutions, political parties and electoral trusts 
    4Tax Planning, Tax Avoidance & Tax Evasion
    5Collection & Recovery of Tax, Refunds
    6Income-tax Authorities, Procedure for assessment, Appeals and Revision
    7Settlement of Tax Cases, Penalties, Offences & Prosecution 
    8Liability in Special Cases
    9Miscellaneous Provisions and Other Provisions

    Part II: International Taxation (30 Marks)

    1Taxation of international transactions and Non-resident taxation
    2Overview of Model Tax Conventions – OECD & UN
    3Application and interpretation of Tax Treaties
    4Fundamentals of Base Erosion and Profit Shifting

    Paper 8: Indirect Tax Laws (100 Marks)

    Part I: Goods and Services Tax (75 Marks)

    1Introduction to GST in India including Constitutional aspects
    2Levy and collection of CGST and IGST
    3Place of supply 
    4Time and Value of supply
    5Input tax credit
    6Computation of GST liability
    7Procedures under GST including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records, returns, payment of tax including tax deduction at source and tax collection at source, refund, job work 
    8Liability to pay in certain cases 
    9Administration of GST; Assessment and Audit
    10Inspection, Search, Seizure and Arrest
    11Demand and Recovery
    12Offences and Penalties 
    13Advance Ruling
    14Appeals and Revision
    15Other provisions

    Part II: Customs & FTP (25 Marks)

    1Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
    2Foreign Trade Policy to the extent relevant to the indirect tax laws 

    CA Final Downloads Section

    Well here are the additional things we promised you earlier in this post. After getting the complete CA Final Syllabus, you need to get other important things to start your CA Final preparation.

    1. Download Section-Wise Marking Scheme for all CA Final papers
    2. Download Study Material for CA Final Papers
    3. See the detailed CA Final Exam Pattern
    4. List of recommended books for CA Final Studies
    5. CA Final Latest Date Sheet
    6. Mock test papers, special VSI Revision Test Papers

    Related: Essential tips every Chartered Accountancy student needs to score high marks and rank.

    One time study of the syllabus is not enough in CA Final. You need to do revision multiple times. And we have something for that as well. 

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    Ques 1. What is the exam pattern for Paper 6 of the Final Course?

    Ans. Paper 6 is an elective paper. It is an open book paper based on the case studies, The duration of this paper is 4 hours. The paper has 5 case studies questions out of which students have to answer any four.

    Ques 2. How to change the Medium of Study?

    Ans. You can change the medium of study only through the online correction window facility. Read more about it in our blog.

    Ques 3. Is self study enough for CA Final preparation or do I need CA Coaching?

    Ans. CA Coaching is a good way to gain essential guidance instead of self-study. But you are confused about which institute to join for CA Final preparation or which is the best CA institute for you?

    Ques 4. When will the CA Final Result for Nov 2020 be declared?

    Ans.  Students can check the CA final result for Nov 2020 on the given link.

    Ques 5. When will the CA final time table for May 2021 will be announced?

    Ans. The CA final Time Table for May 2021 will be announced soon. Students can check the time table on the given link.

    Ques 6. Is CA final admit card for May 2021 is out?

    Ans. No, the CA final admit card for May 2021 is not out yet.

    Here is your answer—read how our students became All India Toppers in CA Exams.