CA Final Syllabus & Subjects for Nov 2023 (Download PDF)
CA Final Syllabus for Nov 2023 – ICAI issues the CA Final syllabus and subjects on its official website. As ICAI slightly changed the syllabus, so the students are advised only to follow the new and revised ICAI CA Final syllabus 2023. 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 this page.
The ICAI CA Final Syllabus 2023 consists of 8 subjects that are divided into 2 groups. These 8 subjects cover financial reporting, management, advanced auditing, corporate laws, cost management and taxes. Furthermore, the 6th paper of the CA Final exams is an elective paper which means students can choose the subject for this paper.
Every paper of the CA Final Course consists of 100 marks. 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 subjects. You need to prepare well, revise properly and solve enough CA Final papers including MTPs, and RTPs to get the best CA Final result.
In this article, you can check the updated CA Final syllabus and subjects for the May & Nov 2023 exams. We have also provided the direct download link for the CA Final Syllabus 2023 PDF.
ICAI is introducing the CA new syllabus for the 2023 exams and onwards. Under the CA new scheme, the CA Final subjects will be reduced from 8 to 6, 3 for each group.
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CA Final Syllabus and Subjects for Nov 2023
The CA Final Subjects for the Nov 2023 attempt are:
CA Final Group 1 Subjects (New Syllabus)
- Paper 1- Financial Reporting (100 Marks)
- Paper 2- Strategic Financial Management (100 Marks)
- Paper 3- Advanced Auditing and Professional Ethics (100 Marks)
- Paper 4- Corporate and Economic Laws (100 Marks)
CA Final Group 2 Subjects (New Syllabus)
- Paper 5- Strategic Cost Management and Performance Evaluation (100 Marks)
- Paper 6A- Risk Management (100 Marks)
- Paper 6B- Financial Services and Capital Markets (100 Marks)
- Paper 6C- International Taxation (100 Marks)
- Paper 6D- Economic Laws (100 Marks)
- Paper 6E- Global Financial Reporting Standards (100 Marks)
- Paper 6F- Multidisciplinary Case Study (100 Marks)
- Paper 7- Direct Tax Laws and International Taxation (100 Marks)
- Paper 8- Indirect Tax Laws (100 Marks)
Now, let’s check out the complete ICAI CA Final Syllabus 2023 and its marks distribution.
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 |
The ICAI can tentively release the CA Final exam dates maybe in the last week of October or first week of november for the Nov 2023 attempt. Check the latest updates here.
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 |
To get the CA Final study material, students can visit the following link.
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 |
Students can check out the recommended CA Final books for better preparation of their exams. The faculty of VSI Jaipur has curated this list after extensive research.
CA Final Syllabus 2023 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 nov 2023 exams.
| CA Final Syllabus nov 2023 | Download 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 2023
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 Nov 2023.
| CA Final | Details |
|---|---|
| Mode of exam | Pen paper-based exam |
| Medium of exam | Hindi and English |
| Duration of exam | 3 hours for each paper |
| Total number of groups | 2 |
| Types of questions | Subjective and Objective |
| Exam conducting body | ICAI |
| Total number of papers | 8 as per both old and new syllabus |
| Frequency | 2 times (May and November) |
| Marking scheme | 100 marks for each paper |
| Negative marking | No negative marking for wrong answers |
Students can now fill CA Final exam form for the Nov 2023 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, and 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, so students must prepare a study plan to complete it on time.
Also Check: Complete CA Syllabus for 2023 Exams
FAQ Regarding the CA Final Syllabus and Subjects 2023
Ques 1. How to download the CA Final syllabus pdf?
Ans. Students can download the pdf of the ICAI Final syllabus from its official website.
Ques 2. How many subjects are there in CA Final Course?
Ans. There are 8 subjects in the CA Final course. These eight subjects are divided into two groups of 4 papers each.
Ques 3. Is 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 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 Nov 2023?
Ans. Students can register for CA final course Nov 2023 attempt, till July 1, 2023. To know the CA final registration process for November 2023 attempt, students can visit this link.
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