How many subjects are there in CA Final Course?

There are 8 subjects in the CA Final course, 4 Subjects in each group.

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Download ICAI CA Final Study Material May 2025 PDF

Q: ICAI CA Final Study Material is enough for the preparation of the Dec 2021 exams?

: Yes, the CA final study materialissued byICAI is sufficientfor CA final exams. Candidates need to studythe entirematerial and practice all the questions as several times as they can with that solve MTPs and revision test papers as all these will be enough for CA final exams.

Team CA Wizard

CA Intermediate Sure Success Bactch September 2025

ICAI is responsible for issuing the ICAI CA Final Study Material every year. Students who are looking for the CA Final Study Material have landed on the correct page. Below we have provided you with the Study Material and practice manual for the CA Final Examination May 2025. Also, Check the process to download the ICAI CA Final Study Material for May 2025 PDF in English and Hindi.

Once you have completed the CA Final Registration then ICAI will send you the hard copy of the study material for the CA Final Course at your registered address. However, if you want to download the CA Final study material you can download it from this page.

Download the CA Final Study Material from the given link below:

Group I Subjects

Paper 1- Financial Reporting
Paper 2- Advanced Financial Management
Paper 3- Advanced Auditing, Assurance and Professional Ethics

Group II Subjects

Paper 4- Direct Tax Laws and International Taxation
Paper 5- Indirect Tax Laws
Paper 6- Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)
- Section A: Corporate and Economic Laws
- Section B: Strategic Cost & Performance Management

ICAI CA Final Study Material PDF (New Syllabus)

Below is the latest PDF of the ICAI CA Final Study Material in English and Hindi. Students can download the new course PDF down below.

Paper 1: Financial Reporting Study Material for New Scheme (May 2025)

CA Final Financial Reporting is the most scoring subject in Group First. It contains chapters like Accounting Standards, Valuation, Corporate Financial Reporting, etc. One needs to study it thoroughly to get an exemption in this subject.

ICAI has released the CA New Syllabus/Study Material 2025 of financial reporting for May 2025. Check it in the table below.

Module 1	Initial Pages
Chapter 1: Quality Control	Quality Control
Chapter 2: General Auditing Principles and Auditors Responsibilities	General Auditing Principles and Auditors Responsibilities
Chapter 3: Audit Planning, Strategy and Execution	Audit Planning, Strategy and Execution
Chapter 4: Materiality, Risk Assessment and Internal Control	Materiality, Risk Assessment and Internal Control
Chapter 5: Audit Evidence	Audit Evidence
Chapter 6: Completion and Review	Completion and Review
Chapter 7: Reporting	Reporting
Module 2	Initial Pages
Chapter 8: Specialised Areas	Specialised Areas
Chapter 9: Audit-related Services	Audit-related Services
Chapter 10: Review of Financial Information	Review of Financial Information
Chapter 11: Prospective Financial Information and Other Assurance Services	Prospective Financial Information and Other Assurance Services
Chapter 12: Digital Auditing & Assurance	Digital Auditing & Assurance
Chapter 13: Group Audits	Group Audits
Chapter 14: Special Features of Audit of Banks & Non-Banking Financial Companies	Special Features of Audit of Banks & Non-Banking Financial Companies
Module 3	Initial Pages
Chapter 15: Overview of Audit of Public Sector Undertakings	Overview of Audit of Public Sector Undertakings
Chapter 16: Internal Audit	Internal Audit
Chapter 17: Due Diligence, Investigation & Forensic Audit	Due Diligence, Investigation & Forensic Audit
Chapter 18: Emerging Areas: Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance	Emerging Areas: Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance
Chapter 19: Professional Ethics & Liabilities of Auditors	Professional Ethics & Liabilities of Auditors

Paper 2: Advanced Financial Management Study Material for New Scheme (May 2025)

CA final Advanced Financial Management is the second subject in the CA Final. As the subject name suggests, it includes chapters relating to Finance like Mutual Funds, International Financial Management, Corporate Valuation, Merges, Acquisitions, Foreign Exchange, etc.

ICAI has released the CA New Syllabus/Study Material 2025 of advanced financial management for May 2025. Check it in the table below.

Module 1	Initial Pages
Chapter 1: Financial Policy and Corporate Strategy	Financial Policy and Corporate Strategy
Chapter 2: Risk Management	Risk Management
Chapter 3: Advanced Capital Budgeting Decisions	Advanced Capital Budgeting Decisions
Chapter 4: Security Analysis	Security Analysis
Chapter 5: Security Valuation	Security Valuation
Chapter 6: Portfolio Management	Portfolio Management
Chapter 7: Securitization	Securitization
Chapter 8: Mutual Funds	Mutual Funds
Chapter 9: Derivatives Analysis and Valuation	Derivatives Analysis and Valuation
Chapter 10: Foreign Exchange Exposure and Risk Management	Foreign Exchange Exposure and Risk Management
Chapter 11: International Financial Management	International Financial Management
Chapter 12: Interest Rate Risk Management	Interest Rate Risk Management
Chapter 13: Business Valuation	Business Valuation
Chapter 14: Mergers, Acquisitions and Corporate Restructuring	Mergers, Acquisitions and Corporate Restructuring
Chapter 15: Startup Finance	Startup Finance

Paper 3: Advanced Auditing, Assurance and Professional Ethics Study Material for New Scheme (May 2025)

Advanced Auditing, Assurance, and Professional Ethics subject are some of the vast subjects of the CA Final. This subject is based on theory. It is portioned into three parts i.e. CA final Auditing, Assurance, and Professional Ethics.

ICAI has released the CA New Syllabus/Study Material 2025 of Advanced Auditing, Assurance, and Professional Ethics for May 2025. Check it in the table below.

Module 1	Initial Pages
Chapter 1: Quality Control	Quality Control
Chapter 2: General Auditing Principles and Auditors Responsibilities	General Auditing Principles and Auditors Responsibilities
Chapter 3: Audit Planning, Strategy and Execution	Audit Planning, Strategy and Execution
Chapter 4: Materiality, Risk Assessment and Internal Control	Materiality, Risk Assessment and Internal Control
Chapter 5: Audit Evidence	Audit Evidence
Chapter 6: Completion and Review	Completion and Review
Chapter 7: Reporting	Reporting
Module 2	Initial Pages
Chapter 8: Specialised Areas	Specialised Areas
Chapter 9: Audit-related Services	Audit-related Services
Chapter 10: Review of Financial Information	Review of Financial Information
Chapter 11: Prospective Financial Information and Other Assurance Services	Prospective Financial Information and Other Assurance Services
Chapter 12: Digital Auditing & Assurance	Digital Auditing & Assurance
Chapter 13: Group Audits	Group Audits
Chapter 14: Special Features of Audit of Banks & Non-Banking Financial Companies	Special Features of Audit of Banks & Non-Banking Financial Companies
Module 3	Initial Pages
Chapter 15: Overview of Audit of Public Sector Undertakings	Overview of Audit of Public Sector Undertakings
Chapter 16: Internal Audit	Internal Audit
Chapter 17: Due Diligence, Investigation & Forensic Audit	Due Diligence, Investigation & Forensic Audit
Chapter 18: Emerging Areas: Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance	Emerging Areas: Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance
Chapter 19: Professional Ethics & Liabilities of Auditors	Professional Ethics & Liabilities of Auditors

Paper 4: Direct Tax Laws & International Taxation Study Material for New Scheme (May 2025)

ICAI has released the CA New Syllabus/Study Material 2025 of Direct Tax Laws & International Taxation for May 2025. You can check it from the table below.

Syllabus Modules	Chapters
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 Study Material for New Scheme (May 2025)

ICAI has released the CA New Syllabus/Study Material 2025 of Indirect Tax Laws for May 2025. You can check it from the table below.

Syllabus Modules	Chapters
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 Under GST
	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: Demand and Recovery
	Chapter 20: Liability to Pay in Certain Cases
	Chapter 21: Offences and Penalties and Ethical Aspects under GST
	Chapter 22: Appeals and Revisions
	Chapter 23: Advance Ruling
	Chapter 24: Miscellaneous Provisions
Module-4
	Chapter-1 Levy of Exemptions from Customs Duty
	Chapter-2 Types of Duty
	Chapter-3 Classification of Imported & Exported 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) Study Material for New Scheme (May 2025)

Section A: Corporate and Economic Laws

Syllabus Modules	Chapters
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

Syllabus Modules	Chapters
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

Related Links
CA Final Syllabus	CA Final Question Papers
CA Course Guide	CA New Scheme

Frequently Asked Questions

Q1. How many times a Student can attempt CA Final Exams?

Ans: A Student can attempt for 5 years, i.e. 10 attempts in 5 years.

Q2. How can I get CA Final Study Material?

Ans: Students can download CA Final Study material from this page.

Q3. Is ICAI CA Final Study Material enough for the preparation of the May 2025 exams?

Ans: Yes, the CA final study material issued by ICAI is sufficient for CA final exams. Candidates need to study the entire material and practice all the questions as several times as they can that solve MTPs and Revision test papers as all these will be enough for CA final exams.

Q4. How many subjects are there in the CA Final Course?

Ans: There are 6 subjects in the CA Final course, 3 Subjects in each group.