CA Final Exam

CA Final Exam

To conquer the title of being a full-time Charted Accountant, the last and the most vital step is the CA Final exam. After successfully qualifying the first two levels of the CA Course i.e., CA Foundation and CA IPCC, it is time to crack the CA Final. Considered as one of the toughest exams in India, CA is one of the most prestigious jobs to acquire. But the pathway to this esteemed profession includes three arduous stages to cross along with a full-time articleship. If you want to pursue a career in Accountancy, CA course in India is one of the most sought after options. For the candidates wanting to appear for the CA Final examinations this year, here is a blog which aims to elucidate all major essentials of the final stage of the course. 

Overview

The CA final exam course is divided into two groups which include both core and elective CA Subjects. Let’s have a look at the subjects:

Group 1

Paper 1: Financial Reporting (100 Marks)

Paper 2: Strategic Fundamental Management (100 Marks)

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

To conquer the title of being a full-time Charted Accountant, the last and the most vital step is the CA Final exam. After successfully qualifying the first two levels of the CA Course i.e., CA Foundation and CA IPCC, it is time to crack the CA Final. Considered as one of the toughest exams in India, CA is one of the most prestigious jobs to acquire. But the pathway to this esteemed profession includes three arduous stages to cross along with a full-time articleship. If you want to pursue a career in Accountancy, CA course in India is one of the most sought after options. For the candidates wanting to appear for the CA Final examinations this year, here is a blog which aims to elucidate all major essentials of the final stage of the course. 

Overview

The CA final exam course is divided into two groups which include both core and elective CA Subjects. Let’s have a look at the subjects:

Group 1

Paper 1: Financial Reporting (100 Marks)

Paper 2: Strategic Fundamental Management (100 Marks)

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

Paper 4: Corporate and Economic Laws (100 Marks)
Part I: Corporate Laws (70 Marks)
Part II: Economics Laws (30 Marks)

Group 2

Paper 5: Strategic Cost Management and Performance Evaluation (100 Marks)

Paper 6: Elective Paper (100 Marks) (Candidates have to choose one subject from the mentioned table)

6A: Risk Management  6C: International Taxation 6E: Global Financial
Reporting Standards 
6B: Financial Service
& Capital Markets   
6D: Economic Laws 6F: Multi-Disciplinary
Case Study 

Paper 7: Direct Tax Laws & International Taxation (100 Marks)
Part I: Direct Tax Laws (70 Marks)
Part II: International Taxation (30  Marks)

Paper 8: Indirect Tax Laws (100 Marks)
Part I: Goods and Services Tax (75 Marks)
Part II: Customs and FTP (25 Marks) 

Exam Dates for CA Final Exam

Examinations for all the three levels of CA Course are held twice a year i.e., in the months of May and November. If you are planning to appear for the CA Final exam in May 2020, here are the exam dates for you 

Papers Date Day 
Paper 12nd May  2020Saturday 
Paper 2 4th May  2020Monday 
Paper 36th May  2020Wednesday 
Paper 49th May  2020Saturday 
Paper 511th May  2020Monday 
Paper 613th May  2020Wednesday 
Paper 715th May  2020Friday 
Paper 817th May  2020Sunday 

Eligibility 

After successfully qualifying the first two stages of the course, it is the showtime for the final hurdle to cross. To apply and register for CA Final exam, you must meet the eligibility criteria. Unless the ICAI holds the authority to cancel your candidature. Below listed are the important requisites for registering in the exam:

  • The candidates should have qualified the Intermediate Examination or Professional  Education Examination- II 
  • Those willing to appear in the May 2020 exam, must have registered on or before 1st May 2020 or should have converted before 1st February 2020 for the final new course under the board of studies
  • The registration for the CA Final exam is valid only for 5 years. Applicants can renew the registration after the expiry period. Thus, the candidates must make sure that on the day of examination they must have a valid registration number to become eligible for the examination  
  • As on the date of filling the examination form, candidates must have a valid experience of 3 to 3.5 years of articleship

Also Read: CPT Registration Process

Exam Pattern for CA Final Exam

It is beneficial to enquire about the format of question paper of any of the competitive exams before starting with its preparation. In total there are 8 papers which candidates have to qualify to achieve their career aspirations. In every paper, 30% of the emphasis would be laid on the objective type questions. While 70% of the paper would be as per the latest pattern of the assessment. Here are some quick pointers to get a hold of the CA Final exam pattern:

  • In each 100 marks paper, there will be objective questions of 30 marks in MCQ format
  • Approximately, the 1 mark MCQs would be 10 to 16 whereas 2 marks MCQs would range from 7 to 10
  • All the MCQs will be mandatory to attempt and there will be no internal or external choice in them 
  • There is no negative marking for the MCQ questions 

To know about the syllabus of CA Final exam, read our blog on CA Final New Syllabus. Do you know, the benefits of pursuing CA after graduation

Thus, we hope that this blog about CA Final exam has provided you with ample information to kick start your preparation. If you want to start your career journey in the right direction, reach out to our experts at Leverage Edu and we will help you find the best suitable career option that lines with your aspirations. 

1 comment
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like
CA Subjects
Read More

CA Subjects

Chartered Accountancy is not just a course but a social responsibility for which individuals are trusted by the…