The Institute of Chartered Accountants of India (ICAI) has updated the CA Final Syllabus for 2024 exam preparation. Students can go through the official notification to get updates on the CA Final 2024 Syllabus. CA Final is the last level of CA Course.
Download CA Final Exam Syllabus PDF Here.
Latest on July 29, 2024:
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Aspirants should clear all eight subjects in the CA Final exam 2024 to pursue as professional Chartered Accountants. CA Final Syllabus 2024 is explained well in the article for the aspirant’s convenience. Read the article to learn syllabus updates and ideal books for exam preparation.
Subjects included in CA Final Syllabus 2024
Candidates may go through the subjects included in the CA Final 2024 syllabus as per ICAI notification.
| Paper | Name of the subject | Marks |
|---|---|---|
| 1 | Financial Reporting | 100 |
| 2 | Strategic Financial Management | 100 |
| 3 | Advanced Auditing and Professional Ethics | 100 |
| 4 | Corporate Laws and Other Economic Laws | 100 |
| 5 | Strategic Cost Management and Performance Evaluation | 100 |
| 6 | 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 | 100 |
| 7 | Direct Tax Laws and International Taxation | 100 |
| 8 | Indirect Tax Laws | 100 |
CA Final 2024 Syllabus for Paper 1 Financial Reporting
The paper includes the following topics as an update. Students should cover the as most as they can cover before the CA final exam date 2024.
- Framework for Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards (Ind AS).
- Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements
- Indian Accounting Standards on Group Accounting
- Accounting and Reporting of Financial Instruments (as per Ind AS)
- Analysis of Financial Statements
- Integrated Reporting
- Corporate Social Responsibility Reporting
CA Final Syllabus 2024 for Paper 2 Strategic Financial Management
- Financial Policy and Corporate Strategy
- Risk Management
- Security Analysis
- Security Valuation
- Portfolio Management
- Securitization
- Mutual Fund
- Derivatives Analysis and Valuation
- Foreign Exchange Exposure and Risk Management
- International Financial Management
- Interest Rate Risk Management
- Corporate Valuation
- Mergers, Acquisitions and Corporate Restructuring
- Startup Finance
CA Final 2024 Syllabus for Paper 3 Advanced Auditing and Professional Ethics
- Auditing Standard, Statements and Guidance Notes
- Audit Planning, Strategy and Execution
- Risk Assessment and Internal Control
- Special Aspects of Auditing in an Automated Environment
- Audit of Limited Companies
- Audit Report
- Audit Report and Certificates for Special Purpose Engagements
- Audit Committee and Corporate Governance
- Audit of Consolidated Financial Statements
- Special Features of Audit of Banks, Insurance and Non-Banking Financial Companies
- Audit Under Fiscal Laws
- Special Audit Assignments
- Audit of Public Sector Undertakings
- Liabilities of Auditors
- Internal Audit, Management and operational Audit
- Due Diligence, Investigation and Forensic Audit.
- Peer Review and Quality Review
- Professional Ethics
CA Final 2024 Syllabus for Paper 4 Corporate and Economic Laws
This paper of CA Syllabus 2024 is bifurcated into two parts as Corporate law and Economic Laws. Let’s go deep to explore topics included:
Part A – Corporate Law
The part is further classified into Company law and Securities law, as well.
Section a) Company Law
| 1. The Companies Act, 2013 and Rules framed thereunder in its entirety with specific reference to section 149 onwards | (i) Appointment and Qualifications of Directors (ii) Appointment and remuneration of Managerial Personnel (iii) Meetings of Board and its powers (iv) Inspection, Inquiry and Investigation (v) Compromises, Arrangements and Amalgamations (vi) Prevention of Oppression and Mismanagement (vii) Winding Up (viii) Producer Companies (ix) Companies incorporated outside India (x) Miscellaneous Provisions (xi) Compounding of offences, Adjudication, Special Courts (xii) National Company Law Tribunal and Appellate Tribunal |
| 2. Corporate Secretarial Practice | Drafting of NoticesResolutions, Minutes and Reports |
Section b) Securities Law
- The Securities Contract (Regulation) Act, 1956 and the Securities Contract
- (Regulation) Rules, 1957
- The Securities Exchange Board of India Act, 1992,
- SEBI Regulations 2009
- SEBI Regulations 2015.
Part B – Economics Law
- The Foreign Exchange Management Act, 1999
- The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
- The Prevention of Money Laundering Act, 2002
- Foreign Contribution Regulation Act, 2010
- The Arbitration and Conciliation Act, 1996
- The Insolvency and Bankruptcy Code, 2016
CA Final 2024 Syllabus for Paper 5 Strategic Cost Management and Performance Evaluation
The paper is divided into the following categories as
- Part A Strategic Cost Management and Decision-Making
- Strategic Cost Management
- Introduction to Strategic Cost Management
- Modern Business Environment
- Learn System and Innovation
- Cost Management Techniques
- Cost Management for Specific Sectors
- Strategic Decision Making
- Decision Making
- Pricing Strategies/Decisions
- Strategic Cost Management
- Part B Performance Evaluation and Control
- Performance Evaluation and Reporting
- Performance Measurement and Evaluation
- Divisional Transfer Pricing
- Strategic Analysis of Operating Income
- Managerial Control
- Budgetary Control
- Standard Costing
- Case Studies
- Linear Programming
- Learning Curve/ Experience Curve
- Performance Evaluation and Reporting
CA Final 2024 Syllabus for Elective Paper
Candidates can choose any one of the following subjects as elective paper. They are Risk Management, Financial Services and Capital Markets, International Taxation, Economic Laws, Global Financial Reporting Standards, and Multi-Disciplinary Case Study.
Paper 6A- Risk Management
- Introduction to Risk
- Source and Evaluation of Risk
- Risk Management
- Evaluation of Risk Management Strategies
- Risk Model
- Credit Risk Measurement and Management
- Risk Associated with Corporate Governance
- Enterprise Risk Management
- Operational Risk Management
Paper 6 B- Financial Services and Capital Markets
- Global Financial Markets
- Impact of various Policies of Financial Markets
- Capital Market – Primary
- Capital Market – Secondary
- Money Market
- Institutions and Intermediaries
- Commodity Market
- Banking as a source of Capital including NBFCs
- Mutual Funds
- Private Equity
- Investment Banking
- Credit Rating
- Treasury Operations
- Risk Management
- Credit Derivatives
- Leasing Decisions
- Factoring
- SEBI Guidelines”
Paper 6C- International Taxation
| Part I – Taxation of International Transactions and Non-resident Taxation in India(50 Marks) | |
| 1. Transfer Pricing provisions under the Income-tax Act, 1961 (30 Marks) | (i) Arm’s Length Price (ii) International Transactions (iii) Most Appropriate Method (iv) Functions, Assets and Risk Analysis (v) Documentation & Compliances (vi) Specific Reporting Regime in respect of Country by Country reporting and master file (vii) Advance Pricing Agreements |
| 2 Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961 | (i) Non-resident Taxation (including Source Rule of Taxation) (ii) Double Taxation Relief (iii) Advance Rulings |
| 3. Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – An Overview. | |
| Part II – Other aspects of International Taxation (50 Marks) | |
| 1. Overview of Model Tax Conventions | (i) OECD Model Tax Convention (ii) UN Model Tax Convention (iii) US Model Tax Convention |
| 2. Tax treaties, Application and Interpretation | (i) Features of Tax treaties (ii) Overview of Tax Information Exchange Agreements (iii) Commentaries and their importance (iv) Role of Vienna Convention in application and interpretation of tax treaties |
| 3. Anti Avoidance Measures | (i) Controlled Foreign Corporations (ii) Base Erosion and Profit Shifting (iii) Other Anti Avoidance Measures |
| 4. Taxation of E-Commerce Transactions | (i) Introduction (ii) Emerging issues (iii) Equalisation levy |
Paper 6 D- Economics Laws
- World Trade Organization covering its Role, Principles, Functions and Dispute Settlement Mechanism
- Competition Act, 2002 and Rules/ Regulations
- Real Estate Act, 2016
- Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations
- Prevention of Money Laundering Act, 2002 and Rules/ Regulations
- Foreign Exchange Management Act, 1999 and Rules/Regulations
- Prohibitions of Benami Property Transactions Act, 1988 and Rules/Regulations
Paper 6E- Global Financial Reporting Standards
- Conceptual Framework for Financial Reporting
- Application of International Financial Reporting Standards
- Significant Differences between IFRS and US GAAPs
Paper 6F- Multi-Disciplinary Case Study
- Financial Accounting and Reporting
- Audit and Assurance
- Taxation
- Finance and Financial Management
- Management Accounting
- Corporate Laws
- Business Strategy and Management
CA Final 2024 Syllabus for Paper 7- Direct Tax Laws & International Taxation
The paper is divided into two sections:
Direct Taxation
- Basis of charge, residential status, income which do not form part of total income, heads of income, income of other persons included in assessee’s total income, aggregation of income, set-off and carry forward of losses, deductions from gross total income, rebates and reliefs
- Special provisions relating to companies and certain persons other than a company
- Provisions relating to charitable and religious trust and institutions, political parties and electoral trusts
- Tax Planning, Tax Avoidance & Tax Evasion
- Collection & Recovery of Tax, Refunds
- Income-tax Authorities, Procedure for assessment, Appeals and Revision
- Settlement of Tax Cases, Penalties, Offences & Prosecution
- Liability in Special Cases
- Miscellaneous Provisions and Other Provisions
International Taxation
- Taxation of International Transaction and Non-Resident Taxation
- The Provisions Under Income-tax Act, 1961
- Special Provisions relating to Non- Residents
- Double Taxation Relief
- Transfer Pricing and Other Anti-Avoidance Measures
- Advance Rulings
- Equalisation Levy
- The Provisions Under Income-tax Act, 1961
- Overview of Model Tax Convention – OECD and UN
- Application and Interpretation of Tax Treaties
- Fundamentals of Base Erosion and Profit Shifting.
CA Final Syllabus 2024 for Paper 8- Indirect Tax Laws
There are two parts in this paper as follows
- Part-I: Goods and Services Tax(75 Marks)
- Part-II: Customs & FTP (25 Marks)
Best Books for CA Final 2024 Syllabus
The table drawn below gives information of books suitable for the latest CA Final Syllabus 2024.
| Book | Author |
|---|---|
| Financial Reporting | CA Praveen Sharma |
| Strategic Financial Management | CA Nikhil Jobanputra |
| Corporate & Economic Laws | CA Kaushik Mukesh |
| Global Financial Reporting Standards | CA Arpita S Tulsiyan |
| Advanced Auditing and Professional Ethics | CA Abhishek Bansal |
| Strategic Cost Management & Performance Evaluation | CA B. Saravana Prasath |
| Direct Tax Law and International Taxation | CA G. Sekar |
| Indirect Tax Law | CA K.M. Bansal |
Preparation Tips for CA Final Syllabus 2024
Aspirants who qualify CA Final 2024 are certified as professional CAs. It is necessary for each aspirant to clear all the eight papers of CA Final exam 2024. Each paper exam duration includes 3 hours and candidates face the exam for 100 marks. To clear all the papers of CA Final 2024, candidates may follow the preparation tips:
- Read, understand and get used to the CA Final Syllabus 2024.
- Choose and buy books and collect study materials that are apt to the CA Final 2024 syllabus.
- Ensure the books are simple in language and easy for beginners for CA exams.
- Try to cover all the topics included. Once learnt from basic level study material/book, it is advised to shift to the standard version to get used to the CA Final syllabus 2024.
- Take repeated mock tests from genuine online apps. Improve your answering skills with the help of mock tests.
- Collect previous year question papers and respective answer keys. Solve at least two question papers in a day and estimate the obtained marks in CA Final Result 2024.
- The previous year question papers will help you identify the weaker section and assist in focusing and strengthening the weaker portions.
Also read
- CA Final registration SSP portal
- CA Final Admit Card Release Date
- ICAI Final Exam Form 2024
- ICAI Final exam centre code list 2024
FAQs Related to CA Final Syllabus 2024
How many papers are included in CA Final 2024 syllabus?
There are a total of eight papers included in CA Final syllabus 2024. Aspirants should clear all eight papers to qualify the CA Final exam.
Is Maths included in CA Final syllabus 2024 as core subject?
No Mathematics is not included in CA Exams. However, aspirants need to know basic arithmetic operations.