CA Final Syllabus and Subjects for May 2024- Download PDF

CA Final Syllabus and Subjects

Looking for CA final syllabus and subjects for May 2024 exams? Then you have landed on the right page. Here you will get the updated CA final syllabus for May 2024 exams with a detailed subject list for CA final May 2024.

The CA final syllabus 2024 is divided into two groups and further, it gets divided into six subjects. 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 download the CA final new scheme syllabus and CA Final Study Material for May 2024 examinations. Students can also go thoroughly with the CA final subjects and many more updated information about the CA final course. 

Download CA Final Syllabus for May 2024

Download the CA final syllabus in pdf format from the link given below. 

ICAI CA Final Syllabus May 2024 Download PDF 

CA Final Syllabus and Subjects For May 2024

The CA final Syllabus is divided into two groups and further both groups are divided into 3 papers, which are as follows –

 CA Final Group I Subjects ( New Syllabus)

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

CA Final Group-II Subjects (New Syllabus)

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

Also Check: Complete CA Course guide

Given below is the detailed subject-wise CA final syllabus for the upcoming 2024 examinations. For better preparation for the CA final exam in May 2024, go through the syllabus carefully. 

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

Syllabus Modules
Chapters
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 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”
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
Chapter 14: Ind AS 101 “First-time Adoption of Indian Accounting Standards”
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 of New Syllabus (2024)

Syllabus Modules
Chapters
Module-1
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 Ethics of New Syllabus (2024)

Syllabus Modules
Chapters
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: Digital Auditing and Assurance
Chapter 13: Group Audits
Chapter 14: Special Features of Audit of Banks and 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 of New Syllabus (2024)

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 of New Syllabus (2024)

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) of New Syllabus (2024)

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

CA Final Exam Pattern

After knowing the CA Final Syllabus and Subjects now check the exam pattern for CA Final. It is vital for candidates to have a better understanding of the paper pattern while commencing their preparations for the CA Final exam May 2024.

Exam Mode

Pen and Paper-based Examination 

Type of question

Objective and subjective 

Medium of Exam 

English and Hindi

Total No. of Papers 

6 Papers 

No of Marks

600 Marks ( 100 Marks Each per Paper) 

Negative Marks 

No Negative Marking 

Conducting Body 

Institute of Chartered Accounting of India

CA Final Useful Downloads

Once you have gone through the CA final syllabus, students need to go through other important things to start their CA final preparations.

Students can not prepare for CA final exam in a one-time study. Students must know how to prepare for CA final exams May 2024. CA final exams are coming very soon after one month. You need to revise the entire CA final syllabus in just one month

CA Wizard is an online portal that provides a strategy to prepare for the CA final exams and also guides students to get a rank in CA exams

Also Check: CA final result Nov 2023 exams

CA Final Syllabus and Subjects – Frequently Asked Questions

Q1. What are the subjects for CA final exams 2024?

Ans: The CA final is divided into 2 groups and further it gets divided into 6 subjects. The CA final subjects are as follows:

Group I

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

Group II

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

Q2. How can students change the medium of exams?

Ans: Students can change the medium of exams through an online correction window. For more details, you can read CA final exam form in May 2024.

Q3. How can I prepare for CA final exams?

Ans: CA final exams are the last step to become a Chartered Accountant. Therefore students need to prepare well for the exams. For CA final exam preparation you need to do is

  • You Need to Timely Start Your Studies
  • Choose Proper Reference Books 
  • Keep your Concepts Strong 
  • Three Times Revision is a must
  • Prepare your Own Summary Notes 
  • Solve Mock Test Papers 

Q4. When are CA Final Exams in May 2024 going to start?

Ans: CA final exam May 2024 exam date has not been announced yet by ICAI.

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