CA Final Syllabus and Exam Pattern 2021 | Get Paper-Wise Syllabus and Exam Pattern

CA Final Syllabus and Exam Pattern

CA Final Syllabus and Exam Pattern 2021: 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 2020-2021 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 2020-2021.

In this article, you will get the complete guide on the CA Final Syllabus and Exam Pattern of the year 2020-2021.

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CA Final Syllabus and Exam Pattern 2021

CA Final Exam is the final stage of the CA Exam for students who want to pursue their career in Chartered Accountant. The Institute of Chartered Accountants of India (ICAI) provides CA Final Syllabus and Exam Pattern 2020-2021. As per the change in the Exam Pattern of CA Final Course 2020-2021 the institute has provided the option of elective subjects.

The exam paper- 6A to 6F of CA Final 2020-2021 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 Final exam 2020-2021. 

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 2021 (New scheme)

Here you can check the latest CA Final Syllabus 2021 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 2020-2021

According to the changes brought about by The Institute of Chartered Accountants of India recently, the exam pattern of CA Final 2021 has a slight alteration. Check the full Chartered Accountants Final Exam Pattern 2020-2021 below to understand the changes and the overall scheme of the exam.

Details of the exam pattern 2020-2021

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 2020-2021 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 

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FAQ’s Related To CA Final Syllabus and Exam Pattern

What is the total number of papers in the syllabus of the CA Final 2021 Exam?

The total number of papers for the CA 2021 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 2021 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 2021 difficult?

Yes. But with the help of proper guidance and study materials, you can easily pass the 2021 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 2020-2021. Feel free to ask us any questions in the comment section below.

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