Welcome, soon-to-be Chartered Accountants!
CA Wizard here brings to you the LATEST and COMPLETE information on CA Final Exam Pattern. In this article, you will get these additional things—links to beneficial resources for CA Final studies, route map on how to utilize this information to the best.
Below you will find the complete details of ICAI CA Final Exam Pattern 2020, CA Final Subjects and Syllabus, CA Final exam Pattern, CA Final Section-wise and Skill wise weightage you can also download CA Foundation Practice paper from below.
Before you read further, make sure you have taken a look at the recently revised CA Final exam schedule.
CA Final Subjects and Syllabus 2020
As per the new pattern given by ICAI, the curriculum of the CA Final Course has been divided into eight papers (two groups).
ICAI CA Final Subjects 2020.
CA Foundation Group I Subject/ Syllabus
Paper 1: Financial reporting
Paper 2: Strategic financial management
Paper 3: CA Final Advanced auditing and professional ethics
Paper 4: Corporate and economic laws
CA Foundation Group II Subject/ Syllabus
Paper 5: Strategic Cost Management and performance evaluation ( CA Final Costing)
Paper 6A: Risk management
Paper 6B: Financial services and capital market
Paper 6C: International tax
Paper 6D: Economic laws
Paper 6E: Global financial reporting standards
Paper 6F: Multi-disciplinary case study
Paper 7: Direct tax laws and international taxation
Paper 8: Indirect tax laws
ICAI has divided each paper into various chapters and sub-topics. You can download the syllabus from this page.
CA Final Exam Pattern 2020
Medium of Study/Mode of Exam
ICAI gives Chartered Accountancy students an option to select either English or Hindi in their registration form and application form. Whether the student is appearing for a single group or both groups, the chosen language option will apply to the complete group/groups. No paper-wise selection of language is allowed.
Students can change the medium of study at the time of opening of the correction window for the CA Final application form/exam form 2020.
Mode and Duration of CA Final Exam
CA Final is conducted offline and the duration of each paper is three hours (except Paper 6). The elective paper 6 is a case study based open book type exam where students are given 4 hours to write their answers.
Types of Questions and Marking Scheme
The 30:70 pattern has been introduced in the new CA Final Exam Pattern for Paper 3, 4, 7, and 8 of the new course and Paper 3, 4, 6, 7, and 8 of the old course.
30% of questions are of objective type while the 70% marks are for subjective type questions.
Some of the MCQs will be of 1 mark and some will be of 2 marks. MCQs are to be answered in the OMR Sheet. No negative marking is applicable for wrong answers.
Paper 1, 2, and 5 are of completely subjective type. Paper 6 has six options out of which only one is to be selected. 6 questions are given out of which 5 need to be answered.
In the new course Paper 6 five questions are given in the exam, each of 25 marks (10 marks for MCQs and 15 marks for descriptive answers). Out of these students have to attempt any four questions.
40% marks required in all papers.
50% of aggregate marks are required.
** An exemption is available in certain conditions. Read the exemption criteria in CA Final Exams.
CA Final New Course: Section-wise and Skill-wise Weightage
Comprehension and Knowledge
Evaluation and Synthesis
|Paper 1 Financial Reporting||5%-15%||60%-85%||10%-25%|
|Paper 2 Strategic Financial Management||10%-20%||20%-40%||50%-60%|
|Paper 3 Advanced Auditing and Professional Ethics||20%-35%||45%-70%||10%-20%|
|Paper 4 Part I: Corporate Laws||10%-20%||60%-70%||15%-25%|
|Paper 4 Part II: Economic Laws||40%-60%||40%-60%|
|Paper 5: Strategic Cost Management and Performance Evaluation||10%-15%||45%-55%||35%-40%|
|Paper 7 Part I: Direct Tax Laws||5%-10%||60%-80%||15%-30%|
|Paper 7: Part II: International Taxation||15%-25%||75%-85%|
|Paper 8: Indirect Tax Laws|
|Part I: Goods and Service Tax||10%-30%||40%-70%||20%-30%|
|Part II: Customs & FTP||20%-40%||40%-70%||10%-20%|
Download the complete Section-wise weightage of new scheme CA Final Papers
CA Final Old Course: Section-wise and Skill-wise Weightage
Click on the links given below to download the full marking scheme of CA Final Papers of the old scheme.
|Subject||Download Weightage PDF|
|Paper – 1 Financial Reporting||Download from here|
|Paper – 2 Strategic Financial Management||Download from here|
|Paper – 3 Advanced Auditing and Professional Ethics||Download from here|
|Paper – 4 Corporate and Allied Laws||Download from here|
|Paper – 5 Advanced Management Accounting||Download from here|
|Paper – 6 Information Systems Control and Audit||Download from here|
|Paper – 7 Direct Tax Laws||Download from here|
|Paper – 8 Indirect Tax Laws||Download from here|
Download Practice Papers as per latest CA Final Exam Pattern 2020
CA Final Course is difficult and requires a lot of practice. Especially, after the change in the CA Exam Pattern 2020. You need to ensure that the papers you are practicing are based on the recent changes in the CA Final Exam Pattern.
ICAI has also released new mock test series and revision papers. To download them, click on the link below.
How can you use the CA Final Exam Pattern details?
As a CA Final student, you must have a detailed study plan and schedule that you follow every day. You can create a plan using the exam details shared above in this article. Below we have given the steps on how to integrate the exam details in it.
- Find: Identify your strong and weak point or topic from the complete CA final syllabus.
- Divide: In this step, you need to distribute your study time based on the above findings, and the marking scheme plus the chapter wise weightage. Give more time for topics which come under your weaknesses and which have a higher weightage in the CA Final Section-Wise Weightage. Do not forget to consider the Skill-Wise Weightage Section.
- Bookmark: Use the resources given in this article and download the material. Also, bookmark this page or note down the details given here for later reference.
How CA Coaching can prepare you for the coming CA Final Exams?
- Best CA Coaching Institutes use the newest applicable material. They keep track of the latest ICAI CA Final Exam Pattern.
- Expert faculties help you set a study schedule and give you personalized guidance.
- The notes provided by teachers at CA Coaching institutes are based on the latest syllabus as well.
- They also provide special mock tests and revision test series.
Answers to Common Queries related to CA Final Exam Pattern
Ques 1. When can I change the elective paper chosen in CA Final?
Ans. You can change the selected elective paper only before the filling of the CA Final application form/ exam form. In case, a student is not able to clear the elective paper, he/she can change the elective paper in the next attempt.
Ques 2. How to become a CA Final Topper?
Ans. Chartered Accountancy Final course students who become toppers take either CA coaching classes or online classes or at least Pendrive classes for professional teaching guidance. Besides, they practice all the papers and do self-study.
Ques 3. Till when can I give the CA Final Exam as per the old course syllabus?
Ans. CA Final November 2020 is the last attempt available for CA Final students. After which it will be mandatory to register under the course. Note: If you are going to give CA Final Exam as per the old scheme, then please note ICAI has modified the exam pattern for old course subjects and syllabus as well, details of which are given above in the article.
The information related to the CA Final Exam Pattern given in this article is relevant for both: students appearing in CA Final for the first time and students re-appearing in the CA Final Exam.
We hope all your queries are solved. Comment below if the information was beneficial for you or if you have any doubts.