CA Final Syllabus & Subjects 2020
The pioneer for CA final coaching, The Institute of Chartered Accountants of India (ICAI) governs the CA Final 2020 MAY EXAM syllabus which comprises the list of subjects and topics that will be imposed in the offline exam. Applicants are recommended to check the current and updated syllabus of CA Final 2020, according to the system that they are appearing for. Understanding the CA Final syllabus 2020 will permit them to identify the subjects and topics that will be evaluated. This will stop them from wasting their time and energy on problems that are out of syllabus. As per the CA Final 2020 syllabus, all the papers offer 100 marks each with the diverse weight assigned to different sections.
2
The implementation of the amended scheme by ICAI has to commence to slight modifications in the program of CA Final 2020- Paper 6 of the current scheme has been rejected and changed into a 4-hour long elective paper in the updated scheme. To know more about the CA Final syllabus 2020, read the section below.
CA Final Subjects and Syllabus
Paper No.
Subjects
Paper 1
Financial Reporting
Paper 2
Strategic Financial Management
Paper 3
Advanced Auditing and Professional Ethics
Paper 4
Corporate and Economic Laws
Paper 5
Strategic Cost Management and Performance Evaluation
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
3
Paper 7
Direct Tax Laws and International Taxation
Paper 8
Indirect Tax Laws
CA Final Syllabus
Paper Name
Contents
Weightage
Paper 1: Financial Application of existing accounting 10-15% Reporting (100 Marks) standards 15, 1, 23, 25, 27, and 28 Application of Industry detailed and Transaction Specific Indian Accounting principles structure for training and Presentation of Financial Statements Accounting for Share-Based expense
30-40%
Application of Guidance Notes issued by ICAI on precise accounting features Application of Indian Standards (Ind AS)
Accounting
Examination of Financial Statements
5-15%
4
Consolidated Statements
and
Separate Financial 10-15%
Accounting and Reporting of Financial tools (as per Ind AS) Business groupings and Accounting for 10-15% Corporate Restructuring Rising trends in Reporting
5-15%
Accounting for Carbon Credits
5-10%
Accounting for E-commerce PAPER 2: STRATEGIC Portfolio Management FINANCIAL MANAGEMENT (100 Risk Management marks)
5-10%
Indian Financial System Imitative Analysis and Valuation
20-30%
Security Analysis Security Valuation Financial Policy and Corporate Strategy
20-25%
5
Securitization International Financial Management Foreign Exchange Exposure and Risk 20-30% Management Mutual Funds Interest Rate Risk administration Mergers, Acquisitions and Corporate 10-15% reformation Corporate evaluation International Financial Centre (IFC)
5-10%
Small & Medium Enterprises Startup Finance PAPER 3: ADVANCED Unique aspects of Auditing in an 10-15% AUDITING AND Automated Environment PROFESSIONAL ETHICS (100 marks) Audit Planning, Strategy and Execution Risk estimation and Internal Control
6
Auditing principles, Guidance Notes
Statements
and 10-20%
Audit of Limited Companies
15-20%
Audit of combined Financial Statements
10-20%
Particular features of audit of Banks, Insurance & Non-Banking Financial firms Accountability of Auditors Audit of Public Sector Undertakings Audit Reports & Certificates for unique 10-15% principle Engagement Special Audit Assignments Audit under Fiscal Laws Audit Reports
5-15%
Peer Review and Quality Review Audit Committee Governance
and
Corporate
7
Due Diligence, Investigation and Forensic Audit Internal Audit, Operational Audit
Management
and
Professional Ethics PAPER CORPORATE ECONOMIC (100 marks)
15-20%
4: PART I: CORPORATE LAWS (70 Marks) AND LAWS SECTION A: COMPANY LAW The Companies Act, 2013
30-35%
Corporate Secretarial Practice
10-15%
SECTION B: SECURITIES LAWS The Securities Agreement Act, 1956 and 15-20% the Securities Contract Rules, 1957 The Securities Exchange Board of India Act, 1992, SEBI Regulations, 2009 and SEBI Regulations, 2015 PART II: MARKS)
ECONOMIC
LAWS
(30
8
The Securitization and rebuilding of 25-35% Financial property and Re-enforcement of Security Interest Act, 2002 The Foreign Exchange Management Act, 1999 The Arbitration and Conciliation Act, 15-25% 1996 Foreign Contribution Regulation Act, 2010 The obstacle of Money Laundering Act, 15-25% 2002 The Insolvency and Bankruptcy Code, 25-35% 2016 PAPER 5 : STRATEGIC PART A- STRATEGIC COST MANAGEMENT DECISION MAKING AND PERFORMANCE EVALUATION marks)
(100
MANAGEMENT
Strategic Cost Management
35-40%
Cost Management Techniques Introduction Management
COST
to
Strategic
Cost
AND
9
Current Business Environment Lean System and Innovation Cost Management for detailed Sectors Strategic Decision Making
35-40%
Pricing Strategies/ Decisions Decision Making PART BPERFORMANCE EVALUATION AND CONTROL Performance assessment and Reporting Planned study of Operating Income Divisional Transfer Pricing Performance amount and Evaluation Managerial Control Budgetary Control Standard Costing
10
CASE STUDY
20-30%
PAPER 6A: RISK Introduction to risk MANAGEMENT (100 marks) Operational Risk Management
-
Quantitative investigation Enterprise Risk Management Risk connected governance
with
corporate
Foundation and evaluation of risks Credit risk management
measurement
and
Risk model Risk management PAPER 6B: SEBI Guidelines FINANCIAL SERVICES AND Credit Rating CAPITAL MARKETS (100 marks) Global Financial Markets
-
11
Credit Derivatives Risk Management Private Equity Investment Banking Impact of various Policies of Financial Markets Treasury Operations Capital Market - Primary Capital Market - Secondary Mutual Funds Commodity Market Money Market Banking – Management Banking as source of Capital including NBFCs Institutions and Intermediaries
12
PAPER 6C: Part I - Taxation of International INTERNATIONAL Transactions and Non-resident TAXATION (100 Taxation in India marks) Other Provisions relating to taxation of international transactions and nonresident taxation under the Income-tax Act, 1961 Transfer Pricing provisions under the Income-tax Act, 1961 Law and actions under the Black Money and Imposition of Tax Act, 2015 – An Overview Part II - Overview of Model Tax Conventions Other aspects of International Taxation Taxation of E-Commerce Transactions Tax treaties, Interpretation
Application
Anti-Avoidance Measures
and
13
PAPER ECONOMIC (100 marks)
6D: Insolvency and Bankruptcy Code, 2016 LAWS and Rules/ Regulations Competition Regulations
Act,
2002
and
Rules/
Prohibition Transactions Regulations
of Benami Property Act, 1988 and Rules/
Real Estate Act, 2016 Foreign Exchange Management Act, 1999 and Rules/ Regulations World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism Prevention of Money Laundering Act, 2002 and Rules/ Regulations PAPER 6E: GLOBAL Important differences between IFRS and FINANCIAL US GAAPs REPORTING STANDARDS (100 Abstract Framework for Financial marks) Reporting as per IFRS
14
Application of International Financial Reporting Standards PAPER 6F: Business Strategy and Management MULTIDISCIPLINARY CASE STUDY Taxation
-
Financial Accounting and Reporting Corporate Laws Management Accounting Audit and Assurance Finance and Financial Management PAPER 7: DIRECT Part I: Direct Tax Laws (70 Marks) TAX LAWS AND INTERNATIONAL Law and Procedures under TAXATION (100 Income-tax Act, 1961 marks) Part II: Marks)
International
Taxation
the
(30 -
Application and interpretation of Tax Treaties
15
Basics of Base Erosion and Profit Shifting Summary of Model Tax ConventionsOECD & UN Taxation of international transactions and Non-resident taxation PAPER 8: INDIRECT Part-I: Goods and Services Tax TAX LAWS (100 marks) Goods and Services Tax Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017 Part-II: Customs & FTP (25 Marks) Foreign Trade Policy to the extent applicable to the indirect tax laws Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
-