CA Final

CA Final Financial Reporting- A detail guideline

CA Final is the endmost stage of Chartered Accountancy course in India. Students after successful completion of the CA Final Articleship training students are eligible to apply for the CA Final Examination. As like the CA Intermediate Examination CA Final Course is divided into 8 subjects of two groups each. Every year ICAI conducts the CA Final Examination in the month of May and November. Out of all the subjects, CA Final Financial reporting is the first subject where students can work hard can gain marks easily. 

Since CA Final is the last milestone of your CA journey, students must know that CA Final has some of the toughest subjects in the Chartered Accountancy Course. Every year a lot of people appear CA Final Examination but among them only just a few clear it to become a certified Chartered Accountant in India. Students must focus on the CA Final from starting only. Below we have mentioned each and every detail about the CA Final Financial Reporting (FR).

To Clear, the CA Final Financial Reporting Examination one should have proper knowledge about that respective subject. Once completion of the registration process student must check the CA Final FR Syllabus, following the syllabus you have to prepare the study plan and then start preparing for the examination. Below we have given every detail about the CA Final Financial Reporting taking all the points such as CA Final Financial Reporting Syllabus, CA Final Financial Reporting marks Weightage, CA Final Financial Reporting Study Material, CA Final Financial Reporting Question Paper with solution, CA Final Financial Reporting Mock Test along with CA Final Financial Reporting preparation tips which will help definitely helps you to assist during the preparation of the CA Final Financial Reporting Examination and CA Final Financial Reporting Revision.

Also Read: Check the CA Final Best Study tips to score meritorious mark in the examination. 

Why should you Study CA Final Financial Reporting (FR)? 

CA Final Financial reporting is the first subject of the CA Final Course. It is foremost one of the most important subjects of CA Final . CA Final Financial Reporting contains some of the most important topics such as Accounting standard interpretation, Accounting Standard, Accounting and reporting of the Financial Reporting, US GAAP, Accounting for corporate restructuring, Share-Based Payment, Merchant bankers, Non-banking finance company, valuation and Stock & commodity market intermediaries. 

CA Final Financial reporting helps students in understanding and developing the skill of budget control. Nowadays every organization requires a cost evaluation and planning, CA Final FR helps the student in understanding, analyzing and synthesizing the cost. 

Along with the Financial Reporting CA Final Students also have to prepare for the other subjects also. Below are all the CA Final Subjects. 

P1- Final Reporting

P2- Strategic Financial management

P3- Advanced Auditing and Professional Ethics

P4- Corporate and economics Law

P5- Strategic Cost Management and Performance evaluation.

P6 ( A) – Risk Management

P6 (B) – Financial Services and Capital market

P6 (C) – International taxation

P6 (D)- Economics Law

P6 (E)- Global Financial Reporting Standard

P6 (F)- Multidisciplinary Case study

P7- Direct tax and International taxation.

P8- Indirect tax Law

CA Final Financial Reporting (FR) Paper Pattern 2020. ( Newly Revised Syllabus)

Below is the  CA Final Financial reporting Paper pattern of the examination. 

Examination Paper TypeSubjective
Type of QuestionSubjective Type
Examination duration 3 Hours
Paper Marks100 marks
No. of question 6 ( Do any 5) 
Negative marks No. negative marking

Also Read: Tips Clear CA in First Attempt with the Rank.

CA Final Financial Reporting Chapter-wise weightage/Marks Weightage 2020.

Students should know the CA Final Financial Reporting (FR) Chapter-wise weightage. Knowing the CA Final Financial Reporting Weightage help the student to find focus on important chapters at the time of preparation. 

ChaptersTopics CA Final FR marks Weightage
Chapter 1-2Chp-1  Framework for Preparation and Presentation of Financial Statements.

 

Chp-2 Ind AS on Presentation of Items in the 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
10%- 15%
Chapter 3Chp 3: 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
15% to 25%
Chapter 4-5Chp 4: 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

Chp 5: 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
15% to 20%
Chapter 6-7Chp 6: Business Combination and Corporate Restructuring

 

Chp 7: Consolidated Financial Statements

  • Unit 1: Introduction to Consolidated Financial Statements
  • Unit 2: Important Definitions
  • Unit 3: Separate Financial Statements
  • Unit 4: Consolidated Financial Statements
  • Unit 5: Consolidated Financial Statements: Accounting of Subsidiaries
  • Unit 6: Joint Arrangements
  • Unit 7: Investment in Associates & Joint Ventures
  • Unit 8: Disclosures
  • Annexure
10% – 20% 
Chapter 8Chp 8: Accounting and Reporting of Financial Instruments

 

  • Unit 1: Financial Instruments: Scope and Definitions
  • Unit 2: Financial Instruments: Equity and Financial Liabilities
  • Unit 3: Classification and Measurement of Financial Assets and Financial Liabilities
  • Unit 4: Recognition and Derecognition of Financial Instruments
  • Unit 5: Derivatives and Embedded Derivatives
  • Unit 6: Disclosure
  • Unit 7: Hedge Accounting
  • Comprehensive Illustrations
10% – 20% 
Chapter 9-11Chp 9: Analysis of Financial Statements

 

Chp 10: Integrated Reporting

Chp 11: Corporate Social Responsibilities

5% to 10%

Also Read: Check the latest ICAI CA Final Nov 2020 examination date sheet. 

CA Final Financial Reporting (FR) Syllabus 2020. 

Every year ICAI keeps on doing the modification in their CA Final Financial Reporting Syllabus. Once after completion of the registration you must check your CA Final FR Syllabus. Going through the CA Final FR syllabus will help the students in getting the overview of the topics and chapters which are going to appear on the examination according to which you can prepare for the examination. 

Below are the CA Final Financial Reporting Chapter wise Marks weightage. Students should take the CA Final FR marks weightage once they start preparing for the examination which will help you to focus on the chapters with more marks weightage. 

Below we have given both the CA Final Financial Reporting Old Syllabus and CA Final Financial Reporting New Syllabus. Both of them are in the PDF format students can download both the syllabus in PDF format. 

CA Final Financial Reporting Old Syllabus- (Download PDF

CA Final Financial Reporting New Syllabus-  ( Download PDF

CA Final Financial Reporting (FR) Study Material.

After learning everything about the CA Final Financial reporting syllabus the next thing to check is CA Final Financial Reporting (FR) Study material. Study material contain all the in depth information about the chapters and content which are going to appear in the CA Final Financial reporting examination.

 Students should prepare for the CA Final Financial reporting examination from CA Final FR Study material only which is issued by the ICAI. As ICAI provides the best CA Final Financial reporting study material and covers all the major topics and chapters in the best possible manner. It is also said that CA Financial Reporting Study Material PDF is enough to crack the examination. 

Below is the Direct link from where you can download the CA Final Financial reporting Study material PDF. (Download PDF) 

CA Final Financial Reporting Study Material and practical manual both of them thing.

CA Final Financial Reporting Books 2020.

Below are the CA Final Financial reporting Books which you can read to practice more. 

  • ICAI Study Material (1st Preference)
  • ICAI Practice Manual
  • Accounting Standards by M P Vijay Kumar  CA Parveen Jindal (Coaching Book)
  • Anil Sharma (For Jaipur Students)
  • Accounting Standards (D.S Rawat)  May 2020 Available
  • M.P. Vijay Kumar (May 2020)  
  • CA Praveen Sharma Accounting Standard & INDAs
  • CA Parveen Sharma (May 2020) 

CA Final Financial Reporting Question Paper 2020.

Below are the CA Final Financial Reporting Question paper. Along with the question paper students can also download the CA Final Financial Reporting Suggested Answer. Solving these previous years CA Final Financial Reporting question paper helps the student in scoring well in the examination. You can also analyze your performance by solving these CA Final Financial Reporting Question papers. Below are all the CA Final Financial Reporting Papers PDF click to download the PDF version to rank CA Final examination

CA Final Financial Reporting Mock Test Paper 2020. 

Mock Test Papers are based on real life based. Students can solve these CA Final Financial Reporting Mock test Paper examinations. Below are all the CA Final Financial Reporting mock test papers. Click on them to download the PDF. 

Download the latest CA Final financial reporting Mock test paper 2020. 

Series 1 

Question Paper

-Solution 

CA Final Financial Reporting Revision Test Paper/ MCQ 

Below are the latest CA Financial Reporting MCQ. Click on them to download the CA final Financial reporting revision test paper/ mcq. 

May 2020 – Hindi Medium

May, 2020

November 2019 – Hindi Medium

November 2019

May 2019 – Hindi Medium

May 2019

November 2018 – Hindi Medium

November, 2018

May 2018

May 2018 – Hindi Medium

CA Final Financial Reporting Online and Pendrive Classes. 

Students who are appearing for the examination and finding any problem in CA Final Financial reporting can prefer taking the CA Final Financial reporting coaching classes. Coaching classes really helps the students who are facing problems in the CA Final FR Subject. Joining CA Final Coaching institute gives confidence and help them to score well in the examination. In case if your city does not have the best faculty you can also prefer to take the best CA Final Online classes and Best CA Final Pendrive Classes which will help you to clear the examination just sitting at home. 

We have discussed all the main topics of the subject CA Final Financial Reporting. We hope it will help you to clear all your doubts.  

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