CA Final New Study Material 2024 – ICAI Based

The Institute of Chartered Accountants of India (ICAI) designed the CA Final study materials to ensure that CA candidates are equipped with the most recent updates and a comprehensive understanding of the subjects. Afterwards, the CA Final examination is divided into two groups, covering a total of six subjects.

Group 1 consists of three papers, i.e., Financial Reporting (Paper 1), Advanced Financial Management (Paper 2), and Advanced Auditing, Assurance, and Professional Ethics (Paper 3). In Group 2, candidates tackle three additional papers, i.e., Direct Tax Laws & International Taxation (Paper 4), Indirect Tax Laws (Paper 5), and Integrated Business Solutions (Paper 6).

Paper 1: Financial Reporting

Modules & Chapters
Chapters Name
MODULE 1
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 General Purpose 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”
Module 2
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”
MODULE 3
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
MODULE 4
Chapter 12 Ind AS 103 “Business Combinations”
Chapter 13 Consolidated and Separate Financial Statements of Group Entities

  • Unit 1 : Introduction to Consolidated and Separate Financial Statements
  • Unit 2 : Important Definitions
  • Unit 3 : Ind AS 110 “Consolidated Financial Statements”
  • Unit 4 : Consolidation Procedure for Subsidiaries
  • Unit 5 : Ind AS 111 “Joint Arrangements”
  • Unit 6 : Ind AS 28 “Investments in Associates and Joint Ventures”
  • Unit 7 : Ind AS 27 “Separate Financial Statements”
  • Unit 8 : Disclosures
Chapter 14 Ind AS 101 “First-time Adoption of Ind AS”
Chapter 15 Analysis of Financial Statements
Chapter 16 Professional and Ethical Duty of a Chartered Accountant
Chapter 17 Accounting and Technology


Paper 2: Advanced Financial Management

No of Chapters
Chapters Name
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


Paper 3: Advanced Auditing, Assurance, and Professional Ethic

Modules & Chapters
Chapters Name
MODULE 1
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
MODULE 2
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 Chapter 12: Digital Auditing & Assurance
Chapter 13 Group Audits
Chapter 14 Special Features of Audit of Banks & Non-Banking Financial Companies
MODULE 3
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


Paper 4: Direct Tax Laws & International Taxation

Modules & Chapters
Chapters Name
MODULE 1
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
MODULE 2
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
MODULE 3
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
MODULE 4
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

Modules & Chapters
Chapters Name
MODULE 1
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
MODULE 2
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
Chapter 13 Returns
MODULE 3
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 Demands and Recovery
Chapter 20 Liability to Pay in Certain Cases
Chapter 21 Offences and Penalties and Ethical Aspects under GST
Chapter 22 Appeals and Revision
Chapter 23 Advance Ruling
Chapter 24 Miscellaneous Provisions
MODULE 4
Chapter 1 Levy of and Exemptions from Customs Duty
Chapter 2 Types of Duty
Chapter 3 Classification of Imported and Export 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

Modules & Chapters
Chapters Name
MODULE 1
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
MODULE 2
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

Modules & Chapters
Chapters Name
MODULE 1

(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
MODULE 2

(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


How to Registered online for CA Final 2024?

  1. Firstly, Go to the SSP portal on the ICAI official website.
  2. Then, enter your registration ID and password.
  3. After this, select “Student Cycle” and then “CA Final Course.”
  4. Then the registration form page is open, which contains basic data. Also, Make sure all the details and documents are correct.
  5. Afterwards, students have to pay Rs. 22,000 via debit credit, credit card, or net Banking to pay the final CA application fee.
  6. Then enter a re-captcha to confirm payment for registration.
  7. At last, download a PDF file with basic information and a registration number.

Preparation Tips for CA Final 2024

  1. Start preparing early to ensure comprehensive coverage of the curriculum.
  2. Afterwards, develop a realistic study schedule to allocate time for each subject and repetition.
  3. Constantly review previously covered topics to improve understanding and retention.
  4. Identify and prioritize your weak subjects or topics by giving more time and effort to them.
  5. Take advantage of all recommended study materials and resources provided by ICAI.
  6. If you have difficulty with certain topics, seek advice from teachers, mentors, or online forums.
  7. At last, develop a positive attitude by staying focused and motivated throughout your CA Final preparation.

Frequently Asked Questions

Q1: What is the final registration date for CA May 2024 exams?

Ans: 1st January 2024.

Q2: What is CA Final Registration Fee?

Ans: The CA Final Registration Fee is Rs 22000.

Q3: How many attempts are allowed for a student in CA Final Exams?

Ans: No limit exists to the number of times you can attempt the CA exam.

Q4: How many years does the CA final registration remain valid?

Ans: The initial registration for the CA Final Course is valid for 5 years.

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