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 Final new syllabus and subjects.

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.

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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.

CA Final New Course Eligibility

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

The applicants should have passed both groups of the CA Intermediate Examination.
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:-

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

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CA Final Subjects for New Syllabus

The subjects for CA Final new subjects are hereunder:-

Group I

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

Group II

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- Economic Laws
Paper 6E- Global Financial Reporting Standards
Paper 6F- Multidisciplinary Case Study
Paper 7- Direct Tax Laws and International Taxation
Paper 8- Indirect Tax Laws

CA Final Syllabus May 2021 (as per revised scheme)

Paper 1: Financial Reporting (100 Marks)

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

Paper 2: Strategic Financial Management (100 Marks)

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

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

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

Paper 4: Corporate and Economic Laws (100 Marks)

Part I: Corporate Laws (70 Marks)

Section A: Company Law

1	The Companies Act, 2013
2	Corporate Secretarial Practice

Section B: Securities Laws

1	The Securities Contract (Regulation) Act, 1956 and the Securities Contract (Regulation) Rules, 1957
2	The Securities Exchange Board of India Act, 1992

Part II: Economic Laws (30 Marks)

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

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

Part A: Strategic Cost Management and Decision Making

Sub Part I: Strategic Cost Management

1	Introduction to Strategic Cost Management
2	Modern Business Environment
3	Lean System and Innovation
4	Cost Management Techniques
5	Cost Management for Specific Sectors

Sub Part II: Strategic Decision Making

1	Decision Making
2	Pricing Strategies/ Decisions

Part B: Performance Evaluation and Control

Sub Part I: Performance Evaluation and Reporting

1	Performance Measurement and Evaluation
2	Divisional Transfer Pricing
3	Strategic Analysis of Operating Income

Sub Part II: Managerial Control

1	Budgetary Control
2	Standard Costing

Part C: Case Study

1	Case Study

Paper 6A: Risk Management (100 Marks)

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

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

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

Paper 6C: International Taxation (100 Marks)

Part I: Taxation of International Transactions and Non-resident Taxation in India

1	Transfer Pricing provisions under the Income-tax Act, 1961
2	Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961
3	Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Part II: Other aspects of International Taxation

1	Overview of Model Tax Conventions
2	Tax treaties, Application and Interpretation
3	Anti Avoidance Measures
4	Taxation of E-Commerce Transactions

Paper 6D: Economic Laws (100 Marks)

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

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

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

Paper 6F: Multidisciplinary Case Study (100 Marks)

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

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

Part I: Direct Tax Laws (70 Marks)

1	Basis 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
2	Special provisions relating to companies and certain persons other than a company
3	Provisions relating to charitable and religious trust and institutions, political parties and electoral trusts
4	Tax Planning, Tax Avoidance & Tax Evasion
5	Collection & Recovery of Tax, Refunds
6	Income-tax Authorities, Procedure for assessment, Appeals and Revision
7	Settlement of Tax Cases, Penalties, Offences & Prosecution
8	Liability in Special Cases
9	Miscellaneous Provisions and Other Provisions

Part II: International Taxation (30 Marks)

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

Paper 8: Indirect Tax Laws (100 Marks)

Part I: Goods and Services Tax (75 Marks)

1	Introduction to GST in India including Constitutional aspects
2	Levy and collection of CGST and IGST
3	Place of supply
4	Time and Value of supply
5	Input tax credit
6	Computation of GST liability
7	Procedures 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
8	Liability to pay in certain cases
9	Administration of GST; Assessment and Audit
10	Inspection, Search, Seizure and Arrest
11	Demand and Recovery
12	Offences and Penalties
13	Advance Ruling
14	Appeals and Revision
15	Other provisions

Part II: Customs & FTP (25 Marks)

1	Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
2	Foreign 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.

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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FAQ’s

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.