CA Final Exam

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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 that aims to elucidate all major essentials of the final stage of the course.

CA Final Dates 2021 Announced!

ICAI recently announced the Chartered Accountants Intermediate, Final & PQC Examinations dates for the Year 2021 will be 5th, 7th, 9th & 11th December 2021 for Group-I subjects and 13th, 15th, 17th & 19th Dec 2021 for CA Final Group-II papers.

CA Final Exam

CA Final Exam is conducted by the ICAI (Institute Chartered Accountant of India). The applicants that qualify are eligible for membership of CA by ICAI. The exam is conducted in offline mode across India and at international centers as well. The applicant with CA qualification is equal to the postgraduate degree holder. The CA exam has three-level and the last qualifying level is called CA Final that has 8 papers.

Highlights

Exam Name CA Final
Conducting Authority  Institute Chartered Accountant of India
Exam Frequency Twice in a year
Exam Duration 2 hours
Mode of Language English, Hindi
Level of Exam National Level
Website icaiexam.icai.org

CA Final Exam Syllabus

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:

Old Scheme

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: Allied Laws (30 Marks)
Group 2
  • Paper 5: Advanced Management Accounting (100 marks)
  • Paper 6:  Information Systems Control and Audit (100 marks)
  • Paper 7:  Direct Tax Laws (100 marks)
  • Paper 8: Indirect Tax Laws (100 Marks)
    • Part I: Goods and Services Tax (75 Marks)
    • Part II: Customs and FTP (25 Marks) 

CA Final New Course 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 (Company Law and Securities Laws) (70 Marks)
    • Part II: Economics Laws (30 Marks)
Group 2
  • Paper 5: Strategic Cost Management and Performance Evaluation (100 Marks)
  • Paper 6: Open Book from Elective Paper (100 Marks) (Candidates have to choose one subject from the mentioned table)
6A: Risk Management   6C: International Taxation  6E: Global FinancialReporting Standards 
6B: Financial Service& Capital Markets    6D: Economic Laws  6F: Multi-DisciplinaryCase 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)

CA Final Exam 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

Application Form

  • Visit the official website of ICAI and open the registration form by clicking here.
  • Carefully fill in all the necessary details asked like Name, Date of Birth, Mobile Number, Email ID, Aadhar Number and set a unique password.
  • Once you create your account, Login with the credentials at the registration portal.
  • You can add all the essential details, from personal to academic.
  • Upload the scanned copy of the documents (listed in the next section) asked as per the mentioned size.
  • Make payment (mentioned in the sections below)
  • Save the registration number and password.

Application Fee

All applicants have to pay the application fee to complete the registration process. The CA Final registration fee can be paid through credit/debit card or Internet banking. The amount of the application fee is based on the location of the exam center and group. Here is the application fee for CA final:

CA Final Exam Center Group 1 Group 2
Centers in India Rs. 3300 /- Rs. 1800 /-
Centers in Kathmandu Rs. 4000 /- Rs. 2200 /-
Centers outside India $ 550 $ 325

Documents Required for Registration

While filling up the CA final registration from here is the list of documents that all applicants will require:

  • Category certificate (if applicable)
  • CA/PCC/Intermediate exam 2021 mark sheet
  • Nationality certificate
  • Passport size photograph
  • Scanned signature of the candidate

Admit Card

Once you have completed the registration and date of releasing admit card has come, you can download the admit card following this procedure:

  1. Visit the official website
  2. Click on the option ‘View Admit Card’
  3. Enter User ID and Password
  4. CA Final 2021 admit card will be generated.
  5. Download the admit card and print it for further use

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 
Group Marks per Paper Total Marks
Group I 100 Marks 400 Marks
Group II 100 Marks 400 Marks

Exam Centre

CA Final Exam takes place in almost every big city across the country. The exam centres are divided into western, northern, eastern, and southern regions by ICAI. Here are some of the important CA Final exam centres:

Ahmedabad Navsari
Ahmednagar Neemuch
Akola Nellore
Amravati Nizamabad
Aurangabad Patiala
Balotra Pimpri
Banswara Pondicherry
Bareilly Port Blair
Bathinda Pune
Beawar Ranchi
Beed Raniganj
Bharatpur Ratlam
Bhuj Ratnagiri
Churu Rewa
Coimbatore Rewar
Dhanbad Rohtak
Gandhidham Rourkela
Gurugram Saharanagar
Hisar Salem
Hubli Sambalpur
Jalandhar Sangli
Jalgaon Sangrur
Jalna Satara
Jammu Satna
Jamnagar Shimla
Jharsuguda Shimoga
Jhunjhunu Sikar
Jind Siliguri
Junagadh Sirohi
Kadapa Sirsa
Kalaburgi Sivakasi
Kancheepuram Solapur
Kannur Sonepat
Kanpur Sri Gangapur
Kantilal Tripura
Mumbai Tuticorin
Muzaffarnagar Ujjain
Muzaffarpur Vadodara
Mysore Vapi
Nagpur Varanasi
Nanded Varanasi
Nasik Yavatmal
Navi Mumbai

International Exam Centre

The CA Final exam is conducted at 5 international exam centre as well. Here are for the exam centers in foreign:

  • Muscat
  • Dubai
  • Abu Dhabi
  • Kathmandu
  • Doha

CA Books For CA Final Level 

The concluding level of this course is the CA Final exam after which you can gain this certification and steer towards a successful career in accountancy. Under CA Final subjects, there are major 8 subject areas you need to prepare for. In most of the papers, 30% of the questions are objective and the rest 70% are subjective. Tabulated below are CA books for the final level:

CA Books  Buy Here 
Strategic Cost Management and Performance
Evaluation:  CA Final New Syllabus
by B Saravana Prasath
Buy Here 
Padhuka’s A Ready Reference on Advanced
Management Accounting by CA Prasath B Saravana
Buy Here 
Comprehensive Approach to Advanced
Auditing and Professional Ethics by CA Vikas Oswal 
Buy Here 
Padhuka’s Student Reference
On Indirect Taxes: CA Final Old and New Syllabus
by G Serkar and B Sarvana Prasath 
Buy Here 
Quick Revision Charts For Advanced
Auditing and Professional Ethics
Buy Here 
GST Compact Book: Indirect Tax by CA Raj Kumar Buy Here 
Conceptual Learning A Handbook on Indirect Tax Law
By Yashwant Mangal for CA and CS Final Year
Buy Here 
Padhuka’s Students Handbook On
Advanced Auditing: CA Final New Syllabus by Sekar and B Sarvana Prasath
Buy Here 

CA Final Results

CA Final Results will be declared a few weeks after you have taken your exam. When the CA Final exam results are declared, you can directly look at the result on the official ICAI website:

  • Visit the official website of ICAI 
  • You will see a button on ICAI result
  • Click on the button and enter your registration number
  • Next, enter your hall ticket number
  • Your CA result will be displayed on the screen

CA Pass Percentage

CA Pass percentage is released along with the CA result. The pass percentage depends on the number of students who attended the exam and their results.

Contact Details

In case of any doubts or queries related to the CA Final exam, applicants can reach out to the contact information mentioned below:

  • Address -The Institute of Chartered Accountants of India, ICAI Bhawan, Indraprastha Marg, New Delhi – 110002
  • Contact No. – 0120-3504 851, 012-3504-852
  • Email ID – final_examhelpline@icai.in

Quick Tips

CA Final Exam is one of the toughest exams and applicants that are determined and focused are able to ace their exams. Here are some quick tips that will help you in preparation and building exam strategy:

  1. Solving the previous year’s questions paper and mock test will help you understand the exam pattern better and you can also evaluate your performance. Try to solve atleast one mock test daily.
  2. Notes are the most essential part of preparation. Maintain notes that will help you in daily revision.
  3. The syllabus of CA is tough but don’t skip any topics. All topics are equally important.
  4. Your basic concepts should be clear, if your concepts are clear you can ace every question easily.
  5. One of the difficult tasks in the CA final exam is completing the exam in the given time. Learn time management through daily practice from solving last year’s question paper.

Exam Tips from Toppers

Tips from  Abhay Bajoria  Rank 1 in the year 2019

Credits: Delhi Knowledge Track

Tips from Komal Jain Rank 1 in the year 2020

Credits: Delhi Knowledge Track

FAQs

What is the last date of the CA Final Exam?

Applicants can register for CA final exam 2021.

Is there any negative marking in the exam?

There is no negative marking in Multiple choice questions.

What is the date of the CA final exam?

CA final exam for 2021 will be conducted from 5th June 2021.

Is there any age limit for appearing in CA final exam?

No, there is no age limit.

Is it possible to study for CA after class 12th?

Yes, you can study after class 12.

When is the admit card of CA final released?

The admit card is released 7 to 10 days before the date of examination.

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. 

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