CA Final Syllabus and Exam Pattern

CA Final Syllabus and Exam Pattern 2020 | Paper-Wise Weightage

CA Final Syllabus and Exam Pattern

CA Final Syllabus and Exam Pattern 2020: The Institute of Chartered Accountant of India published the CA Final 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 2020 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 CA Final 2020.

In this article, you will get the complete guide on CA Final Syllabus and Exam Pattern 2020

CA Final Syllabus and Exam Pattern 2020

CA Final Exam is the final stage of the CA exam for students those want to pursue their career in Chartered Accountancy. The Institute of Chartered Accountants of India (ICAI) provides CA Final Syllabus and exam pattern 2020. As per the change in the exam pattern of CA final 2020 the institute has provided the option of elective subjects.

The exam paper- 6A to 6F of CA final 2020 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 exam pattern of CA final exam 2020. 

Below, we have given the latest CA Final Syllabus and Exam Pattern as per the new scheme by ICAI.

Crack The Exam Easily and Chase Your Dream

Latest CA Final Syllabus 2020 (New scheme)

Here you can check the latest CA Final Syllabus for New 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

Papaer 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 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 Exam Pattern 2020

According to the changes brought about by The Institute of Chartered Accountants of India recently, the exam pattern of CA Final 2020 has a slight alteration. Check the full CA Final exam pattern 2020 below to understand the changes and the overall scheme of the exam.

Details of the exam pattern 2020

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 in a year (May and November)
Marking scheme 100 marks each paper 
Negative marking No negative marking for wrong answers

CA Final Subject wise marks distribution

The subject wise marks distribution of CA Intermediate old and new syllabus 2020 as per the exam pattern is given below: 

List of subjects and marks (Both Old and New syllabus)

Papers as per New Syllabus  Papers as per Old 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 

We have covered a detailed guide on ICAI CA Final Syllabus and Exam Pattern 2020. Feel free to ask us any questions in the comment section below.

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