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CA Final Syllabus and Exam Pattern 2023: The Institute of Chartered Accountants of India (ICAI) publishes the CA Final New Syllabus. You must follow the latest official syllabus for the upcoming CA Final Exam to crack the exam.
You should know that the CA Final Exam is conducted twice a year, once in May and again in December. The Exam of CA Final 2023 will be conducted in offline mode i.e. pen-paper mode. There are two groups of ICAI CA Final wherein, the 8 subjects are distributed wherein candidates need to score at least 40% sectionally (in the individual paper) and 50% overall in order to qualify for CA Final 2023.
In this article, you will get the complete guide on the CA Final Syllabus and Exam Pattern of the year 2023.
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CA Final Syllabus and Exam Pattern 2023
CA Final Exam is the final stage of the CA Exam for students who want to pursue their career as Chartered Accountant. The Institute of Chartered Accountants of India (ICAI) provides CA Final Syllabus and Exam Pattern 2023. As per the change in the Exam Pattern of CA Final Course 2023 the institute has provided the option of elective subjects.
The exam paper- 6A to 6F of CA Final 2023 will be elective, the applicants will have the choice of subject as per their preference. The candidates preparing for the exam are advised to follow the CA Syllabus and Exam Pattern of the Final exam 2023.
Below, we have given the latest CA Final Syllabus and Exam Pattern as per the new scheme by ICAI.
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CA Final Syllabus and Exam Pattern | Check Latest CA Final Syllabus 2023 (New scheme)
Here you can check the latest CA Final Syllabus 2023 for New Scheme.
CA Final Syllabus | 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 |
CA Final Syllabus | 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 |
Start-up Finance |
CA Final Syllabus | 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 an 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 |
CA Final Syllabus | 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 |
CA Final Syllabus | 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 |
CA Final Syllabus | Paper 6
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 a 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 the 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 |
CA Final Syllabus | 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, the income of other persons included in assessor’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 |
CA Final Syllabus | 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 waybill, 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 |
Offenses 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 Exam Pattern 2023
According to the changes brought about by The Institute of Chartered Accountants of India recently, the exam pattern of CA Final 2023 has a slight alteration. Check the full Chartered Accountants Final Exam Pattern 2023 below to understand the changes and the overall scheme of the exam.
Details of the exam pattern 2023
Exam Highlights |
Details |
Mode of exam |
Pen paper-based exam |
Medium of exam |
English, and Hindi |
Duration of exam |
Three hours (180 minutes) each paper |
Total number of groups |
Total two groups |
Types of questions |
Both objective and subjective |
Exam conducting body |
Institute of Chartered Accountants of India (ICAI) |
Total number of papers |
Total eight papers as per both old and new syllabus |
Frequency |
Twice a year (May and November) |
Marking scheme |
100 marks on each paper |
Negative marking |
No negative marking for wrong answers |
CA Final Subjects new syllabus | Subject Wise Marks Distribution
The subject-wise marks distribution of CA Final old and new syllabus 2023 as per the exam pattern is given below:
List of subjects and marks (Both Old and New syllabus)
Papers as per New CA Final Syllabus |
Papers as per Old CA Final Syllabus |
Marks per paper |
Group – 1 |
||
Paper – 1 Financial Reporting |
Paper – 1 Financial Reporting |
Total 100 marks |
Paper – 2 Strategic Financial Management |
Paper – 2 Strategic Financial Management |
Total 100 marks |
Paper – 3 Advanced Auditing and Professional Ethics |
Paper – 3 Advanced Auditing & Professional Ethics |
Total 100 marks |
Paper – 4 Corporate and Economic Laws |
Paper – 4 Corporate and Allied Laws |
Total 100 marks |
Group – 2 |
||
Paper – 5Strategic Cost Management and Performance Evaluation |
Paper – 5 Advanced Management Accounting |
Total 100 marks |
Paper – 6 A Risk Management |
Paper – 6 Information Systems Control and Audit |
Total 100 marks |
Paper – 6 B Financial Services and Capital Markets |
Total 100 marks |
|
Paper – 6 C International Taxation |
Total 100 marks |
|
Paper – 6 D Economic Laws |
Total 100 marks |
|
Paper – 6 E Global Financial Reporting Standards |
Total 100 marks |
|
Paper – 6 F Multidisciplinary Case Study |
Total 100 marks |
|
Paper – 7 Direct Tax Laws and International Taxation |
Paper – 7 Direct Tax Laws |
Total 100 marks |
Paper – 8 Indirect Tax Laws |
Paper – 8 Indirect Tax Laws |
Total 100 marks |
Best Books for CA Final Exam
CA is one of the toughest exams to crack and one will have to use the right resources and put all the efforts in the right direction to ace the exam. Thus, before starting your CA Final Exam preparation, you need to have knowledge of the Best Books for the CA Final Exam and other study materials.
FAQ’s Related To CA Final Syllabus and Exam Pattern
What is the total number of papers in the syllabus of the CA Final 2023 Exam?
The total number of papers for the CA 2023 Final Exam is 8.
Are subjective questions only asked in CA Final?
No. The type of questions asked in the CA Final is both Subjective and Objective.
What is the mode of the ICAI Final Exam?
The 2023 Final Exam will be conducted in offline mode only.
Is there any negative marking in CA Final?
Yes. There is a negative marking of 0.25 marks for every wrong response in the CA Final.
Is CA Final 2023 difficult?
Yes. But with the help of proper guidance and study materials, you can easily pass the 2023 Final Exam.
How many attempts are there for the CA final?
There are a total of 10 attempts allowed for the CA Final Exam.
What happens if I don’t pass the CA final exam?
If you fail the CA final examinations, then you have to will reappear for the exams in the future. You are only required to appear for the CA final examinations, not all of the stages.
We have covered a detailed guide on ICAI CA Final Syllabus and Exam Pattern 2023. Feel free to ask us any questions in the comment section below.