CA Final Subjects for Nov 2023 Exam

Table of Contents

Toggle

Looking for the CA Final Subjects 2023? Then you have landed on the right page. Here you will get the detailed list of CA final subjects for upcoming exams.

CA Final, last step to becoming a Chartered Accountant. From this article you can go through the detailed new course CA final subjects 2023 and can also go through the CA final syllabus 2023.

The CA final Subjects 2023 is divided into two groups and further, it gets divided into eight subjects, in which one subject is optional.

The CA final new syllabus paper consists of a total of 100 marks and to clear the CA final exams students need to score 40% in each subject and 50% aggregate overall.

From this article, students can check out the new course C. A final subject for 2023 examinations. Students can also go thoroughly with the CA final syllabus and many more updated information about the CA final course.

Also, Download the CA Final Paper with Suggested Answers.

CA Final Subjects List 2023 (New Course)

The CA final Syllabus is further divided into 4 subjects in each group which are as follows –

Group I

Paper 1- Financial Reporting
Paper 2- Strategic Financial Management
Paper 3- Advanced Auditing and Professional Ethics
Paper 4- Corporate and Economic Laws

Group II

Paper 5- Strategic Cost Management and Performance Evaluation
Paper 6A- Risk Management
Paper 6B- Financial Services and Capital Markets
Paper 6C- International Taxation
Paper 6D- Economic Laws
Paper 6E- Global Financial Reporting Standards
Paper 6F- Multidisciplinary Case Study
Paper 7- Direct Tax Laws and International Taxation
Paper 8- Indirect Tax Laws

Each subject is very important to clear in itself and students have to score 40% in each subject as well as 50% in aggregate of all the subjects.

Besides the given below CA Final subjects is in a detailed format, students should carefully note that relevant developments including the issue of Accounting Standards, Statements on Standard Auditing Practices, Guidance Notes by the institute, amendments in the legislation taken six months before your exam will be applicable in your attempt.

Paper 1: Financial Reporting (100 Marks)

1	Conceptual Framework for Financial Reporting Under Indian Accounting Standards
2	Ind AS on Presentation of General Purpose Financial Statements
3	Ind AS 115: Revenue from Contracts with Customers
4	Ind AS on Measurement based on Accounting Policies
5	Other Indian Accounting Standards
6	Ind AS 101: First-time Adoption of Ind AS
7	Ind AS on Assets of the Financial Statements
8	Ind AS 41: Agriculture
9	Ind AS on Liabilities of the Financial Statements
10	Ind AS on Items impacting the Financial Statements
11	Ind AS on Disclosures in the Financial Statements
12	Accounting and Reporting of Financial Instruments

Download ICAI CA Final Financial Reporting Syllabus

Paper -1: Financial Reporting of New Syllabus (2024)

Module 1

S.No.	Chapter	Unit
1	Introduction to Indian Accounting Standards
2	Conceptual Framework for Financial Reporting under Indian Accounting Standards (Ind AS)
3	Ind AS on Presentation of Items in the Financial Statements	Ind AS 1 “Presentation of Financial Statements”
		Ind AS 34 “Interim Financial Reporting”
		Ind AS 7 “Statement of Cash Flows”
4	Ind AS on Measurement based on Accounting Policies	Ind AS 8 “Accounting Policies, Changes in Accounting Estimates and Errors”
		Ind AS 10 “Events after the Reporting Period”
		Ind AS 113 “Fair Value Measurement”
5	Ind AS 115 “Revenue from Contracts with Customers”

Module 2

S.No.	Chapter	Unit
6	Ind AS on Assets of the Financial Statements	Ind AS 2 “Inventories”
		Ind AS 16 “Property, Plant and Equipment”
		Ind AS 23 “Borrowing Costs”
		Ind AS 36 “Impairment of Assets”
		Ind AS 38 “Intangible Assets”
		Ind AS 40 “Investment Property”
		Ind AS 105 “Non-current Assets Held for Sale and Discontinued Operations”
		Ind AS 116 “Leases”
7	Other Indian Accounting Standards	Ind AS 41 “Agriculture”
		Ind AS 20 “Accounting for Government Grants and Disclosure of Government Assistance”
		Ind AS 102 “Share Based Payment”

Module 3

S.No.	Chapter	Unit
8	Ind AS on Liabilities of the Financial Statements	Ind AS 19 “Employee Benefits”
		Ind AS 37 “Provisions, Contingent Liabilities and Contingent Assets”
9	Ind AS on Items impacting the Financial Statements	Ind AS 12 “Income Taxes”
		Ind AS 21 “The Effects of Changes in Foreign Exchange Rates”
10	Ind AS on Disclosures in the Financial Statements	Ind AS 24 “Related Party Disclosures”
		Ind AS 33 “Earnings per Share”
		Ind AS 108 “Operating Segments”
11	Accounting and Reporting of Financial Instruments	Financial Instruments: Scope and Definitions
		Classification and Measurement of Financial Assets and Financial Liabilities
		Financial Instruments: Equity and Financial Liabilities
		Derivatives and Embedded Derivatives
		Recognition and Derecognition of Financial Instruments
		Hedge Accounting
		Disclosures

Module 4

S.No.	Chapter	Unit
12	Ind AS 103 “Business Combinations”
13	Consolidated and Separate Financial Statements of Group Entities	Introduction to Consolidated and Separate Financial Statements
		Important Definitions
		Consolidated Financial Statements
		Ind AS 110: Consolidation Procedure for Subsidiaries
		Ind AS 111: Joint Arrangements
		Ind AS 28: Investment in Associates & Joint Ventures
		Ind AS 27: Separate Financial Statements
		Disclosures
14	Ind AS 101 “First-time Adoption of Indian Accounting Standards”
15	Analysis of Financial Statements
16	Professional and Ethical Duty of a Chartered Accountant
17	Accounting and Technology

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	Startup Finance

Download CA Final Strategic Financial Management Syllabus

Paper – 2: Advanced Financial Management of New Syllabus (2024)

S.No.	Chapter
1	Financial Policy and Corporate Strategy
2	Risk Management
3	Advanced Capital Budgeting Decisions
4	Security Analysis
5	Security Valuation
6	Portfolio Management
7	Securitization
8	Mutual Funds
9	Derivatives Analysis and Valuation
10	Foreign Exchange Exposure and Risk Management
11	International Financial Management
12	Interest Rate Risk Management
13	Business Valuation
14	Mergers, Acquisitions and Corporate Restructuring
15	Startup Finance

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	Company Audit
6	Audit Reports
7	Audit Committee and Corporate Governance
8	Audit of Consolidated Financial Statements
9	Audit of Banks
10	Audit Of Insurance Company
10	Audit of 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

Download ICAI CA Final Advanced Auditing and Professional Ethics Syllabus

Paper – 3: Advanced Auditing, Assurance and Professional Ethics of New Syllabus (2024)

Module 1

S.No.	Chapter
1	Quality Control
2	General Auditing Principles and Auditors Responsibilities
3	Audit Planning, Strategy and Execution
4	Materiality, Risk Assessment and Internal Control
5	Audit Evidence
6	Completion and Review
7	Reporting

Module 2

S.No.	Chapter
8	Specialised Areas
9	Audit-related Services
10	Review of Financial Information
11	Prospective Financial Information and Other Assurance Services
12	Digital Auditing & Assurance
13	Group Audits
14	Special Features of Audit of Banks & Non-Banking Financial Companies

Module 3

S.No.	Chapter
15	Overview of Audit of Public Sector Undertakings
16	Internal Audit
17	Due Diligence, Investigation & Forensic Audit
18	Emerging Areas: Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance
19	Professional Ethics & Liabilities of Auditors

Paper 4: Corporate and Economic Laws (100 Marks)

Part I: Corporate Laws (70 Marks)

Section A: Company Law

1	Appointment and Qualifications of Directors
2	Appointment and Remuneration of Managerial Personnel
3	Meetings of Board and Its Powers
4	Inspection, Inquiry and Investigation
5	Compromises, Arrangements and Amalgamations
6	Prevention of Oppression and Mismanagement
7	Winding Up
8	Producer Companies
9	Companies Incorporated
10	Miscellaneous Provisions
11	Compounding of Offences, Adjudication, Special Courts
12	National Company Law Tribunal and Appellate Tribunal
13	Corporate Secretarial Practice – Drafting of Notices, Resolutions, Minutes and Reports

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, and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015

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

Download ICAI CA Final Corporate and Economic Law Syllabus

Paper – 4: Direct Tax Laws & International Taxation of New Syllabus (2024)

S.No.	Chapter	Unit
Updated Soon	Updated Soon	Updated Soon

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	Decision Making
6	Pricing Decision

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
4	Budgetary Control
5	Standard Costing

Part C: Case Study

1	Case Study

Download ICAI CA Final Paper 5 Syllabus

Paper – 5: Indirect Tax Laws of New Syllabus (2024)

S.No.	Chapter	Unit
Updated Soon	Updated Soon	Updated Soon

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

Download ICAI CA Final Risk Management Syllabus

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

Download ICAI CA Final Financial Services and Capital Markets Syllabus

Paper 6C: International Taxation (100 Marks)

Part I: Taxation of International Transactions and Non-resident Taxation in India

1	Transfer Pricing
2	Non- resident Taxation
3	Double Taxation Relief
4	Advance Ruling
5	An overview of the Black Money and the Imposition of Tax law
6	Taxation of E- Commerce Transaction
7	Tax Treaties: Overview, Features, Application and Interpretation
8	Anti Avoidance Measures
9	Overview of Model Tax Conventions

Download ICAI CA Final International Taxation Syllabus

Paper 6D: Economic Laws (100 Marks)

1	The Competition Act, 2002
2	The Real Estate (Regulation & Development) ACT, 2016
3	The Insolvency and Bankruptcy Code, 2016
4	The Prevention of Money Laundering Act, 2002
5	The Foreign Exchange Management Act, 1999
6	Prohibition of Benami Property Transactions Act, 1988
7	The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI)

Download ICAI CA Final Economic Law Syllabus

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

Paper – 6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management) of New Syllabus (2024)

S.No.	Chapter	Unit
Updated Soon	Updated Soon	Updated Soon

Paper 7: Direct Tax Laws and International Taxation (100 Marks)

Part I: Direct Tax Laws (70 Marks)

1	Basic Concepts
2	Residence and Scope of total Income
3	Income which do not form part of Total Income
4	Salaries
5	Income of House Party
6	Profits and Gains of Business or Profession
7	Capital Gains
8	Income from other sources
9	Income of Other Persons included in assessee’s Total Income
10	Aggregation of Income, Set-Off and Carry Forward of Losses
11	Deductions from Gross Total Income
12	Assessment of Various Entities
13	Charitable or Religious Trusts and Institutions, Political Parties and Electoral Trusts
14	Tax Planning, Tax Avoidance & Tax Evasion
15	Deduction, Collection and Recovery of Tax
16	Income-tax Authorities
17	Assessment Procedure
18	Appeals and Revision
19	Dispute Resolution
20	Penalties
21	Offences and Prosecution
22	Liability in Special Cases
23	Miscellaneous Provisions

Part II: International Taxation (30 Marks)

1	Transfer Pricing and Other Provisions to check Avoidance of Tax
2	Non Resident Taxation
3	Double Taxation Relief
4	Advance Rulings
5	Equalisation Levy
6	Application and Interpretation of Tax Treaties
7	Fundamentals of Base Erosion and Profit Shifting
8	Overview of Model Tax Conventions

Download ICAI CA Final Paper 7 Syllabus

Paper 8: Indirect Tax Laws (100 Marks)

Part I: Goods and Services Tax (75 Marks)

1	GST in India – An Introduction
2	Supply under GST
3	Charge of GST
4	Exemptions from GST
5	Place of Supply
6	Time of Supply
7	Value of Supply
8	Input Tax Credit
9	Registration
10	Tax Invoice, Credit and Debit Notes
11	Accounts and Records; E-way Bill
12	Payment of Tax
13	Import And Export Under GST
14	Refunds
15	Job Work
16	Assessment And Audit
17	Inspection, Search, Seizure And Arrest
18	Demands And Recovery
19	Liability to Pay in Certain Cases
20	Offences And Penalties
21	Appeals And Revisions
22	Advance Ruling
23	Miscellaneous Provisions

Part II: Customs & FTP (25 Marks)

1	Levy of and Exemptions from Customs Duty
2	Types of Duty
3	Classification of Imported and Export Goods
4	Valuation under the Customs Act 1962
5	Importation, Exportation and Transportation of Goods
6	Warehousing
7	Duty Drawback
8	Refund
9	Foreign Trade Policy

CA Final Subjects New Syllabus v/s CA Final Subjects Old Syllabus

ICAI had made changes in the new course CA final subjects. Students can check out the changes from the table given below.

Group 1
Paper-1: Financial Reporting [100 Marks]	Paper-1: Financial Reporting [100 Marks]
Paper-2: Strategic Financial Management [100 Marks]	Paper-2: Strategic Financial Management [100 Marks]
Paper-3: Advanced Auditing and Professional Ethics [100 Marks]	Paper-3: Advanced Auditing and Professional Ethics [100 Marks]
Paper-4: Corporate and Economic Law[100 Marks]	Paper-4: Corporate and Allied Laws[100 Marks] Section-A:Company Law[70 Marks] Section-B: Allied Laws[30 Marks]
Group 2
Paper-5: Strategic Cost Management and Performance Evaluation[100 Marks]	Paper-5: Advanced Management Accounting [100 Marks]
Paper-6A: Risk Management[100 Marks]	Paper-6: Information Systems Control and Audit[100 Marks]
Paper-6B: Financial Services and Capital Markets[100 Marks]	–
Paper-6C: International Taxation[100 Marks]	–
Paper-6D: Economic Laws[100 Marks]	–
Paper-6E: Global Financial Reporting Standards[100 Marks]	–
Paper-6F: Multidisciplinary Case Study[100 Marks]	–
Paper-7: Direct Laws Tax and International Taxation[100 Marks]	Paper-7: Direct Tax Laws[100 Marks]
Paper-8: Indirect Tax Laws[100 Marks]	Page-8: GST & Customs[100 Marks]

CA Final Syllabus 2023

ICAI has announced the new CA final syllabus under the CA new scheme which will be applicable from 2024 examinations. Download the CA final syllabus in pdf format from the given link.

CA Wizard is an online guide for CA foundation, CA intermediate, and CA final students in India. Candidates can get a solution of each and every query related to CA. Whether it’s study material or preparation tips, candidates will find every small update about CA from CA Wizard. CA Wizard provides all the updates and latest information so as CA final subjects for New Course are available on this page. Check out the detailed and updated CA final subjects and download the CA final syllabus 2023 in a pdf format.

Also Check: ICAI CA final Result May 2023 exams

Frequently Asked Questions for CA Final Subjects 2023

Q1. How many subjects do I need to study for CA final exams?

Ans: For the CA final exams students need to study a total of 8 subjects. And all the subjects are mandatory for exams except one optional subject.

Q2. Which group of CA final subjects is easier?

Ans: In group 1 of CA final subjects, most of the subjects are very scoring as a comparison to Group 2 of CA final subjects. Therefore, this makes Group 1 easier than group 2 of CA’s final subjects.

Q3. Which CA final elective subject candidates should choose for CA final exams?

Ans: This depends upon the interest and preferences of the candidates and where they want to get placed. If a candidate wants to start their own practice, then they should go with International taxation and GFRS. If they want to join MNCs and firms then they must opt for the risk management and financial market. And if candidates want to go for research and departments, they must opt for a subject like economics law.

Q4. Can students change the CA final elective subjects?

Ans: Yes, candidates can change their elective subject for the CA final they had opted at the time of registration. But, once the exam forms are out, candidates can not make any changes.