CA Final Group I Syllabus: A Summary

CA Final Group I Syllabus: A Summary

Candidates who have cleared CA Intermediate level or Integrated Professional Competence Examination (IPCE) are eligible to appear for Chartered Accountant (CA) final exam. After clearing IPCE, candidates need to complete their articleship training for 3 years under a registered CA firm or a CA to register for the final exam. Candidates can only register during the last 6 months of their articleship. 

CA Final Group I consists of 4 papers– Paper 1, Paper 2, Paper 3, and Paper 4.

Paper 1: Financial Reporting

1. Framework for preparation and presentation of financial statements
2. Application of Indian Accounting Standards (Ind AS)
3. Ind AS on group accounting
4. Accounting and reporting of financial instruments
5. Integrated reporting
6. Analysis of financial statements
7. Corporate Social Responsibility (CSR) reporting

Paper 2: Strategic Financial Management

1. Financial policy and Corporate strategy
2. Security analysis
3. Security valuation
4. Risk management
5. Securitization
6. Portfolio management
7. Derivatives analysis and valuation
8. Mutual fund
9. Foreign exchange exposure and Risk management
10. International financial management
11. Interest rate risk management
12. Corporate valuation
13. Mergers, acquisitions, and corporate restructuring
14. Startup finance

Paper 3: Advanced Auditing and Professional Ethics

1. Audit planning, strategy, and execution
2. Auditing standards, statements, and guidance notes
3. Social aspects of auditing in an automated environment
4. Risk assessment and internal control
5. Audit committee and Corporate governance
6. Audit of Limited companies
7. Audit of Public Sector undertakings (PSUs)
8. Audit of consolidated financial statement
9. Audit reports
10. Audit under fiscal laws
11. Special features of audit of banks, insurance and non-banking financial companies
12.  Internal audit, management, and operational audit
13. Liabilities of auditors
14. Due diligence, investigation, and forensic audit
15. Peer review and Quality review
16. Professional ethics

Paper 4: Corporate and Economic Laws

Part I: Corporate Laws

Section A: Company Law

1. The Companies Act, 2013
2. Corporate secretarial practice

Section B: Securities Laws

1. The Securities Contract (Regulation) Act, 1956 and the Securities Contract (Regulation) Rules, 1957
2. The Securities Exchange Board of India Act, 1992

Part II: Economic Laws

1. The Arbitration and collection Act, 1996
2. The Foreign Exchange Management Act (FEMA), 1999
3. The Prevention of Money Laundering Act, 2002
4. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
5. Foreign Contribution Regulation Act, 2010
6. The Insolvency and Bankruptcy Code, 2016