CA Final Group 1

CA Final Group 1 consists of 4 papers that are to be attempted either individually or together with Group 2 (also consisting of 4 papers) depending upon a student’s preference or preparation. CA Final exams are held twice a year, once in the month of May and once in the month of November. The Institute of Chartered Accountants (ICAI) of India is the professional body that holds the examination.

 

Eligibility Criteria for CA Final Group 1

A candidate wanting to register for the CA Final Group 1 examination must meet the following eligibility criteria:

• Candidates must have successfully completed the CA Foundation level as well as both groups of CA Intermediate. 
• Candidates must have successfully completed four weeks of ICITSS before the commencement of practical training. 
• Candidates must register for CA practical training to apply for the final level and complete the training to appear in the examination.

 

When and How to apply?

A Candidate is required to register himself for the course CA Final on the official website of The Institute of Chartered Accountants of India (ICAI). For registration, they will have to fill out an application form, upload required documents, and pay a registration fee.

To register for CA Final Group 1:

• Register on the official website of ICAI - https://www.icai.org/
• Login with the credentials sent to you
• Upload requested documents
• Pay the registration fee

 

The registration fee for the CA Final exam is Rs.22,000/- (Rupees Twenty Two Thousand Only) per appearance (For Both Groups)

 

Important Dates for Registration

 

CA Final Group 1: Subjects and Syllabus

CA Final Group 1 consists of 4 papers which are mentioned below along with topics to be covered and their weightage in the exam.
 

Paper 1: Financial Accounting (100 Marks)

• 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

 

Paper 2: Strategic Financial Management (100 Marks)

• 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

 

Paper 3: Advanced Auditing and Professional Ethics (100 marks)

• Auditing Standards, 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 Reports
• Audit Committee and Corporate Governance
• Audit of Consolidated Financial Statements
• Special features of audit of Banks, Insurance & Non-Banking Financial Companies
• Audit under Fiscal Laws
• 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

 

Paper 4: Corporate and Economic Laws

Part A: Corporate Law (70%)

• Company Law
• Securities Law

 

Part B: Economic Laws (30%)

• 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

 

Exam Pattern

CA Final Exam Pattern