As the name suggest elective paper 6 of CA Final course is a platter of choices, where students can opt for any one subject by their interest.
Read this article carefully to get details about CA Final elective paper like paper’s pattern, paper review and which subject is best for you according to your interest.
Paper 6 of CA final is a progressive attempt to allow the student to enhance the conceptual, analyzing, evaluating and interpreting skills in an integrated manner.
While registering for exams, you select your option in the application form. If you want to change the selection, then you can only make the changes while filing an application form for the examination.
Once you are registered for exams, you cannot change the option.
Elective paper of CA final concludes in an open book examination where students can carry their books, and refer it to solve the case study!!!
Yes, you read it right. This paper will be assessed through your skills exhibited in solving the case study.
Download the elective paper subject material, and other Final course papers study material from our article CA Final paper study material.
CA Final Elective Paper
Paper 6A: Risk Management
(One paper – Four hours – 100 Marks)
- To gain knowledge and expertise in risk management in a different spectrum of business.
- To enhance such skills to exhibit it in the real scenario.
Risk Management Paper Review
Risk management is scoring CA Final elective paper, as it is calculating and number crunching. If students have an interest in solving numerical.problems, then this paper would have been easy for them. It can be scoring if your SFM concepts are clear.
Risk Management Paper Pattern
3 case studies are given, out of which only 2 are to be solved, For 50 marks each.
Out of these 50 marks, 20 marks question are related to reports writing or 20 marks questions are theoretical as reporting or explaining the concept, rest 30 marks are allotted for the numerical question to be solved.
Paper 6B: Financial Services & Capital Markets
(One paper – Four hours – 100 Marks)
- To acquire knowledge of financial services offered by NBFC and banks and how the Financial market in general and capital markets in particular operate.
- To enhance such skills to exhibit it in a real scenario.
Financial Services & Capital Markets Paper Review
This paper had too many questions related to relations and guidelines, which made it more theoretical.
Financial Services & Capital Markets Paper pattern
This elective paper for CA Final was made with an objective to assess student aptitude in conceptual and knowledge basis. Hence questions are related to definition and explanation.
3 case studies are given, out of which only 2 are to be solved, For 50 marks each.
Out of these 50 marks, 20 marks question are related to reports writing or 20 marks questions are theoretical as reporting or explaining the concept, rest 30 marks are allotted for the numerical question to be solved.
Paper 6C: International Taxation
(One paper – Four hours – 100 Marks)
- To understand the concepts, principles, and provisions of international taxation.
- To enhance skills to make computations and address the issues in the real scenario.
International Taxation Paper Review
As the concept and syllabus were new, the Paper 6C was easy but had MCQ to answer from the case study given, which served as the basis to assess basic understanding of International taxation guidelines.
International Taxation Paper Pattern
3 case studies are given, out of which only 2 are to be solved, For 50 marks each.
Out of these 50 marks, 20 marks question are related to reports writing or 20 marks questions are theoretical as reporting or explaining the concept, rest 30 marks are allotted for the numerical question to be solved.
Paper 6D: Economic Laws
(One paper – Four hours – 100 Marks)
- To have an understanding of different economic law
- To enhance such skills to exhibit it in a real scenario.
Economic Laws Paper Review
Paper had a straightforward question on fundamental theories and concept of economy. The questions were asked from case studies given. If students are thorough with Theories and Effect, then it was surely an easy paper.
Economic Laws Paper Pattern
3 case studies are being provided out of which only 2 are to solve for 50 marks each where
Out of these marks, 30 marks questions are related to report writing or recommendation or suggestion which makes theoretical as Reporting or Explaining the concept, rest 20 marks is allotted for MCQ question to be solved.
Paper 6E: Global Financial Reporting Standards
(One paper – Four hours – 100 Marks)
- To understand the basic concepts and principles of International Financial Reporting Standards.
- To understand the significant differences between IFRS and US GAAP.
- To enhance such skills to exhibit it in a real scenario.
Global Financial Reporting Standards Paper Review
This is a new paper hence lot of emphasis is made on assessing conceptual knowledge about the topic. It was an interesting paper with a lot of theoretical question.
Global Financial Reporting Standards Paper Pattern
3 case studies are being given out of which only 2 are to solve for 50 marks each where
Out of these marks, 20 marks are allotted for the Questions over the difference between IFRS and US GAAP, remaining 80 marks are allotted to identify the International reporting standards
Paper 6F: Multi-Disciplinary Case Study
(One paper – Four hours – 100 Marks)
To analyze and integrate the concepts, principles, and provisions of accounting, auditing, taxation, corporate laws, finance, and business strategy and management to address issues in practical case scenarios Coverage.
Multi-disciplinary Case Study Paper pattern
3 case studies are being given out of which only 2 are to solve for 50 marks each.
The medium for all papers is either English or Hindi.
Student prefers to take coaching for their respective elective paper to understand the fundamentals and the basic concept of the course.
MCC also provides the best coaching for the single elective paper from best faculty. Click on the given link to know more details- Best CA Final Coaching.
Frequently Asked Questions
Which Elective Paper in CA Final is Good for Scoring?
If you want to select to score marks than choose paper 6B financial services and capital market the course is similar to what you read in SFM, but If you’re going to make an impression through C.V opt for either economics or global financial reporting standards. They are tough but are in high demand. One paper won’t justify the depth these two subjects required, but still knowhow of prevailing demand can help.
Which CA Final Elective Paper is Best?
The new CA course is revised to develop the exposure of CA aspirants in not only the Indian market but also the international market.
With globalization and digitalization, the perspective has to be global.
So we assume that if the course is inclined towards hat prospectus, it is wise to march in the same direction.
Said that, if the motto is to learn international taxation, GFRS are the best subjects to learn.
But if you have tried enough to clear the exams but failed, then opt for Financial Management and Capital Market to pass your course.
Which Subject to Choose in CA Final Elective Paper?
This depends on where you want to get placed,
If you’re going to start your practice, then International taxation and GFRS are lucrative paper to opt for, as they can be studied with less time and effort to pass, but getting exposure to the global market.
If you want to join MNC and big firms, then risk management and financial market and capital will provide you to scale in job opportunity.
If you want to join research departments and create reports then electing Economic laws is subject which can be lucrative to you.
We wish you all the best for the future.
Keep yourself healthy and Distinctive.
