For Classroom Course

CA Final New Scheme Syllabus & Subject for May 2024 Exam Download PDF

Table of Contents

CA Final Syllabus for May 2024 –  ICAI has released the CA Final Syllabus and Subjects on its official website.  As ICAI slightly changed the syllabus, the students are advised only to follow the new and revised ICAI CA Final New Syllabus 2024. Students can check out the revised syllabus and subjects for the CA Final exams in the BoS knowledge portal on the ICAI website, or else you can check the page. 

The ICAI CA Final New Syllabus 2024 consists of 6 subjects that are divided into 2 groups. These 6 subjects cover Financial Reporting, Advanced Financial Management, Advanced Auditing Assurance and Professional Ethics, Direct Tax Laws & International Taxation, Indirect Tax Laws, and Integrated Business Solutions –  Section A: Corporate and Economic Laws, Section B: Strategic Cost & Performance Management. 

To Clear the CA Final Exams, students need to secure a minimum of 40% marks in each subject and 50% in aggregate of all the CA Final New Subjects 2024. You need to prepare well, revise properly and solve enough CA Final papers, including MTPs and RTPs, to get the best CA Final Result for the Nov 2023 Exams

In this article, you can check the updated CA Final New Syllabus and Subjects for the May and Nov 2024 exams. We have also provided the direct download link for the CA Final Syllabus 2024 pdf. 
ICAI is introducing the CA New Scheme Syllabus for the 2024 exams and onwards. Under the CA New Scheme, the CA Final New Subjects will be reduced from 8 to 6, 3 subjects for each group.

Furthermore, ICAI will release the CA Final Admit Card for the May 2024 exam. To know the release date and download process, check the article.

Further, you can also check the CA Course details on this page.

CA Final coaching classes for Nov 2024

Register Now: CA Final Coaching

CA Final Syllabus and Subjects for May 2024

The CA Final Subjects for the May 2024 attempt are:

CA Final Group 1 Subjects (New Syllabus)

  1. Paper-1: Financial Reporting
  2. Paper-2: Advanced Financial Management
  3. Paper-3: Advanced Auditing, Assurance and Professional Ethics

CA Final Group 2 Subjects (New Syllabus)

  1. Paper-4: Direct Tax Laws & International Taxation
  2. Paper-5: Indirect Tax Laws
  3. Paper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)
VSI VVMP Program

Now, let’s check out the complete ICAI CA Final Syllabus 2024 and its marks distribution.

Paper 1: Financial Reporting (100 Marks)

Syllabus Modules
Chapter 1: Introduction to Indian Accounting Standards
Chapter 2: Conceptual Framework for Financial Reporting under Indian Accounting Standards (Ind AS)
Chapter 3: Ind AS on Presentation of Items in the Financial Statements
  • Unit 1: Ind AS 1 “Presentation of Financial Statements”
  • Unit 2: Ind AS 34 “Interim Financial Reporting”
  • Unit 3: Ind AS 7 “Statement of Cash Flows”
Chapter 4: Ind AS on Measurement based on Accounting Policies
  • Unit 1: Ind AS 8 “Accounting Policies, Changes in Accounting Estimates and Errors”
  • Unit 2: Ind AS 10 “Events after the Reporting Period”
  • Unit 3: Ind AS 113 “Fair Value Measurement”
Chapter 5: Ind AS 115 “Revenue from Contracts with Customers”
Chapter 6: Ind AS on Assets of the Financial Statements
  • Unit 1: Ind AS 2 “Inventories”
  • Unit 2: Ind AS 16 “Property, Plant and Equipment”
  • Unit 3: Ind AS 23 “Borrowing Costs”
  • Unit 4: Ind AS 36 “Impairment of Assets”
  • Unit 5: Ind AS 38 “Intangible Assets”
  • Unit 6: Ind AS 40 “Investment Property”
  • Unit 7: Ind AS 105 “Non-current Assets Held for Sale and Discontinued Operations”
  • Unit 8: Ind AS 116 “Leases”
Chapter 7: Other Indian Accounting Standards
  • Unit 1: Ind AS 41 “Agriculture”
  • Unit 2: Ind AS 20 “Accounting for Government Grants and Disclosure of Government Assistance”
  • Unit 3: Ind AS 102 “Share Based Payment”
Chapter 8: Ind AS on Liabilities of the Financial Statements
  • Unit 1: Ind AS 19 “Employee Benefits”
  • Unit 2: Ind AS 37 “Provisions, Contingent Liabilities and Contingent Assets”
Chapter 9: Ind AS on Items impacting the Financial Statements
  • Unit 1: Ind AS 12 “Income Taxes”
  • Unit 2: Ind AS 21 “The Effects of Changes in Foreign Exchange Rates”
Chapter 10: Ind AS on Disclosures in the Financial Statements
  • Unit 1: Ind AS 24 “Related Party Disclosures”
  • Unit 2: Ind AS 33 “Earnings per Share”
  • Unit 3: Ind AS 108 “Operating Segments”
Chapter 11: Accounting and Reporting of Financial Instruments
  • Unit 1: Financial Instruments: Scope and Definitions
  • Unit 2: Classification and Measurement of Financial Assets and Financial Liabilities
  • Unit 3: Financial Instruments: Equity and Financial Liabilities
  • Unit 4 : Derivatives and Embedded Derivatives
  • Unit 5: Recognition and Derecognition of Financial Instruments
  • Unit 6: Hedge Accounting
  • Unit 7: Disclosures
Chapter 12: Ind AS 103 “Business Combinations”
Chapter 13: Consolidated and Separate Financial Statements of Group Entities
Chapter 14: Ind AS 101 “First-time Adoption of Indian Accounting Standards”
Chapter 15: Analysis of Financial Statements
Chapter 16: Professional and Ethical Duty of a Chartered Accountant
Chapter 17: Accounting and Technology

The ICAI can tentatively release the CA Final exam dates, maybe in the last week of October or the first week of November for the May 2024 attempt. Check the latest updates here.

Paper 2: Advanced Financial Management (100 Marks)

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

    Get all the details about the CA Final Course

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

    Syllabus Modules
    Chapter 1: Quality Control
    Chapter 2: General Auditing Principles and Auditors Responsibilities
    Chapter 3: Audit Planning, Strategy and Execution
    Chapter 4: Materiality, Risk Assessment and Internal Control
    Chapter 5: Audit Evidence
    Chapter 6: Completion and Review
    Chapter 7: Reporting
    Chapter 8: Specialised Areas
    Chapter 9: Audit-related Services
    Chapter 10: Review of Financial Information
    Chapter 11: Prospective Financial Information and Other Assurance Services
    Chapter 12: Digital Auditing and Assurance
    Chapter 13: Group Audits
    Chapter 14: Special Features of Audit of Banks and Non-Banking Financial Companies
    Chapter 15: Overview of Audit of Public Sector Undertakings
    Chapter 16: Internal Audit
    Chapter 17: Due Diligence, Investigation & Forensic Audit
    Chapter 18: Emerging Areas: Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance
    Chapter 19: Professional Ethics & Liabilities of Auditors

    CA Final Rankers Nov 2023 New Website banner 2024 Updated

    Paper 4: Direct Tax Laws and International Taxation (100 Marks)

    Syllabus Modules
    Chapter 1: Basic Concepts
    Chapter 2: Incomes which do not form part of Total Income
    Chapter 3: Profits and Gains of Business or Profession
    Chapter 4: Capital Gains
    Chapter 5: Income from Other Sources
    Chapter 6: Income of Other Persons included in Assessee’s Total Income
    Chapter 7: Aggregation of Income, Set Off or Carry Forward of Losses
    Chapter 8: Deductions from Gross Total Income
    Chapter 9: Assessment of Various Entities
    Chapter 10: Assessment of Trusts and Institutions, Political Parties and Other Special Entities
    Chapter 11: Tax Planning, Tax Avoidance and Tax Evasion
    Chapter 12: Taxation of Digital Transactions
    Chapter 13: Deduction, Collection and Recovery of Tax
    Chapter-14 Income Tax Authorities
    Chapter-15 Assessment Procedure
    Chapter-16 Appeals and Revision
    Chapter-17 Dispute Resolution
    Chapter-18 Miscellaneous Provisions
    Chapter-19 Provisions to Counteract Unethical Tax Practices
    Chapter-20 Tax Audit and Ethical Compliances
    Chapter 21: Non Resident Taxation
    Chapter 22: Double Taxation Relief
    Chapter 23: Advance Rulings
    Chapter 24: Transfer Pricing
    Chapter 25: Fundamentals of BEPS
    Chapter 26: Application and Interpretation of Tax Treaties
    Chapter 27: Overview of Model Tax Conventions
    Chapter 28: Latest Developments in International Taxation

    Paper 5: Indirect Tax Laws (100 Marks)

    Syllabus Modules
    Chapter-1 Supply Under GST
    Chapter-2 Charge Of GST
    Chapter-3 Place of Supply
    Chapter-4 Exemptions from GST
    Chapter-5 Time of Supply
    Chapter-6 Value Of Supply
    Chapter 7: Input Tax Credit
    Chapter 8: Registration
    Chapter 9: Tax Invoice, Credit and Debit Notes
    Chapter 10: Accounts and Records; E-way Bill
    Chapter 11: Payment of Tax
    Chapter 12: Electronic Commerce Transactions Under GST
    Chapter 13: Returns
    Chapter 14: Import and Export Under GST
    Chapter 15: Refunds
    Chapter 16: Job Work
    Chapter 17: Assessment and Audit
    Chapter 18: Inspection, Search, Seizure and Arrest
    Chapter 19: Demand and Recovery
    Chapter 20: Liability to Pay in Certain Cases
    Chapter 21: Offences and Penalties and Ethical Aspects under GST
    Chapter 22: Appeals and Revisions
    Chapter 23: Advance Ruling
    Chapter 24: Miscellaneous Provisions
    Chapter-1 Levy of Exemptions from Customs Duty
    Chapter-2 Types of Duty
    Chapter-3 Classification of Imported & Exported Goods
    Chapter-4 Valuation Under the Customs Act, 1962
    Chapter-5 Importation and Exportation of Goods
    Chapter-6 Warehousing
    Chapter-7 Refund
    Chapter-8 Foreign Trade Policy

    Paper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)

    Section A: Corporate and Economic Laws

    Syllabus Modules
    Section A: Company Law
    Chapter 1: Appointment and Qualification of Directors
    Chapter 2: Appointment and Remuneration of Managerial Personnel
    Chapter 3: Meetings of Board and Its Powers
    Chapter 4: Inspection, Inquiry and Investigation
    Chapter 5: Compromises, Arrangements and Amalgamations
    Chapter 6: Prevention of Oppression and Mismanagement
    Chapter 7: Winding Up
    Chapter 8: Miscellaneous Provisions
    Chapter 9: Adjudication, Special Courts, National Company Law Tribunal & National Company Law Appellate Tribunal
    Chapter 10: e-Filing
    Section B: Securities Laws
    Chapter 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
    Chapter 1: The Foreign Exchange Management Act, 1999
    Chapter 2: The Foreign Contribution Regulation Act, 2010
    Chapter 3: The Insolvency and Bankruptcy Code, 2016

    Section B: Strategic Cost & Performance Management

    Syllabus Modules
    (Strategic Cost Management)
    Chapter 1: Introduction to Strategic Cost Management
    Chapter 2: Modern Business Environment
    Chapter 3: Lean System and Innovation
    Chapter 4: Specialist Cost Management Techniques
    Chapter 5: Management of Cost Strategically for Emerging Business Models
    Chapter 6: Strategic Revenue Management
    Chapter 7: Strategic Profit Management
    (Strategic Performance Management)
    Chapter 8: An Introduction to Strategic Performance Management
    Chapter 9: Strategic Performance Measures in Private Sector
    Chapter 10: Strategic Performance Measures in the Non-for-Profit Organisations
    Chapter 11: Preparation of Performance Reports
    Chapter 12: Divisional Transfer Pricing
    Chapter 13: Standard Costing
    Chapter 14: Case Study

    Students can check out the recommended CA Final books for better preparation for their exams. The faculty of VSI Jaipur has curated this list after extensive research.

    CA Final Syllabus 2024 PDF

    Apart from just reading the syllabus, students should have a soft copy of it. So, we’ve mentioned the download link for the CA Final Syllabus pdf that is applicable for the May 2024 exams.

    CA Final Syllabus May 2024Download PDF

    Also, download the section-wise marking scheme for all the CA Final papers.

    Must Check: Essential tips every Chartered Accountancy student needs to get rank in CA Final Examination.

    CA Final Exam Pattern 2024

    After knowing the CA Final syllabus and subjects, students must also know about the CA exam pattern. It will help in preparing the study timetable. So, check the table to know the CA Final exam pattern for May 2024.

    CA FinalDetails
    Mode of examPen paper-based exam
    Medium of examHindi and English
    Duration of exam3 hours for each paper
    Total number of groups2
    Types of questionsSubjective and Objective
    Exam conducting bodyICAI
    Total number of papers6 as per both old and new syllabus
    Frequency2 times (May and November)
    Marking scheme100 marks for each paper
    Negative markingNo negative marking for wrong answers

    Students can now fill out the CA Final exam form for May 2024 attempts. Click on this link to get all the details.

    Final Words

    In this article, you have read about the CA Final syllabus and subjects, as well as the marking scheme of papers. To clear the exams, you should be well-informed about the CA Final law syllabus, CA Final SFM syllabus, CA Final costing syllabus and the rest of them. Knowing the syllabus will help in better preparation. Moreover, as the CA Final Syllabus is very vast, students must prepare a study plan to complete it on time.

    Also Check: Complete CA Syllabus for 2024 Exams

    FAQ Regarding the CA Final Syllabus and Subjects 2024

    Ques 1. How do you download the CA Final syllabus pdf?

    Ans. Students can download the pdf of the ICAI Final New Syllabus from its official website.

    Ques 2. How many subjects are there in the CA Final Course?

    Ans. There are 6 subjects in the CA Final course. These Six subjects are divided into two groups of 3 papers each.

    Ques 3. Is the CA Final Exam hard to clear?

    Ans. Yes, CA Final exams are not easy to clear. You need to prepare very hard to clear this exam. The passing percentage for the CA Final exam is around 8-10%, which is less.

    Ques 4. 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 if you are confused about which institute to join for CA Final preparation or the best CA institute for you, you can read this blog.

    Ques 5. Can I register now for the CA Final Course in May 2024?

    Ans. Students can register for the CA final course in May 2024 and attempt till Jan 1, 2024. To know the CA final registration process for the May 2024 attempt, students can visit this link.

    Table of Contents
    Open chat
    Can we help you?