ICAI has introduced the new CA Final Study Material for May 2024. Our blog aims to be your deep guide, offering in-depth insights and knowledge into the details of the updated syllabus. Whether you are a skilled professional or a diligent student, we are dedicated to providing you with the essential information and clarity needed to navigate and excel in the challenges presented by the CA Final examinations under the new curriculum.
Table of Contents
CA Final Study Material – 2024
The ICAI CA Final New Study Material 2024 is divided into two groups of six subjects. Each group consists of three subjects, offering a complete curriculum covering a range of core topics. This division provides a focused and systematic approach to the CA Final Exam, allowing candidates to delve deeply into each subject and improve their understanding of the material.
1. Paper 1: Financial Reporting
2. Paper 2: Advanced Financial Management
3. Paper 3: Advanced Auditing, Assurance, and Professional Ethics
4. Paper 4: Direct Tax Laws & International Taxation
5. Paper 5: Indirect Tax Laws
6. Paper 6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)
- Section A: Corporate and Economic Laws
- Section B: Strategic Cost & Performance Management
Brief Knowledge of Papers
Paper 1: Financial Reporting
Financial reporting is a fundamental aspect of accounting that involves the preparation and presentation of financial statements that reflect the financial condition and performance of an organization. These reports, including the balance sheet, income statement, and cash flow statement, offer a comprehensive overview of a company’s economic performance.
Paper 2: Advanced Financial Management
Advanced financial management is a specialized area of finance that goes beyond basic financial concepts to address complex financial problems faced by organizations. This discipline focuses on optimizing financial decision making to enhance firm value. Advanced Financial Management examines complex topics such as capital structure, risk management, mergers and acquisitions, and international financial management.
Paper 3: Advanced Auditing, Assurance, and Professional Ethics
Advanced auditing, assurance, and professional ethics is a specialized area within the accounting field that goes beyond the basic principles of auditing. This discipline includes a comprehensive study of auditing methodologies, risk assessment, and ethical considerations in the profession. The focus extends beyond traditional financial auditing to include broader quality assurance services, including internal audits and compliance assessments.
Paper 4: Direct Tax Laws & International Taxation
Direct Tax Laws and International Taxation is a part of the CA Final Examination aimed at conveying comprehensive knowledge about direct tax laws in India and the principles of international taxation. In this paper, candidates delve into the complex details of income tax laws applicable in the Indian context, covering aspects such as assessment, calculation of taxable income, and tax planning strategies.
Paper 5: Indirect Tax Laws
Indirect Tax Laws is a part of the Chartered Accountant (CA) final exam that focuses on the complex and dynamic area of indirect taxation. Prepared by the Institute of Chartered Accountants of India (ICAI), this paper assesses candidates’ understanding and application of laws relating to indirect taxes in the country.
Indirect taxes are levied on goods and services, and this document covers key aspects such as the Goods and Services Tax (GST), customs laws, and other indirect tax rules. Students are expected to understand the legal framework, compliance requirements, and business implications of indirect taxes.
Paper 6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)
Integrated Business Solutions, part of ICAI’s final new CA 2024 curriculum, aims to develop a comprehensive understanding of strategic management through an interdisciplinary case study approach. This document goes beyond individual subjects and encourages candidates to integrate knowledge from various disciplines to solve complex business problems.
Integrating knowledge from subjects such as financial reporting, strategic financial management, and other relevant areas creates a holistic perspective. It prepares candidates for dynamic business environments by simulating scenarios in which they must formulate and implement strategic decisions.
ICAI CA Final Course Details
Some important details have been mentioned here:
|Exam Conducting Organisation
|ICAI -Institute Of Chartered Accountant Of India
|Twice a Year (May & November)
|Number Of Groups
|Number Of Papers In each Group
Eligibility Criteria for CA Final 2024
- Students who have passed both groups of CA Inter exams can apply for CA final exams.
- Minimum 50% aggregate percentage and 40% marks in each subject in CA Intermediate/CA IPCC exam.
- A minimum of 2 years of articleship training is required.
CA Final Exam Pattern Under New Syllabus
The ICAI CA Final Syllabus 2024 consists of six subjects, which are divided into two groups. These six subjects cover financial reporting, management, advanced auditing, corporate law, cost management, and tax. Each CA final course paper carries 100 marks.
|Paper-1: Financial Reporting
|Paper-2: Advanced Financial Management
|Paper-3: Advanced Auditing, Assurance and Professional Ethics
|Paper-4: Direct Tax Laws & International Taxation
|Paper-5: Indirect Tax Laws
|Paper-6A: Corporate and Economic Laws
|Paper-6B: Strategic Cost & Performance Management
How to Registered online for CA Final 2024?
To register for CA final course online through SSP portal, follow these steps:
- Go to the SSP portal on the ICAI official website.
- Please enter your previous registration ID and password.
- Select “Student Cycle” and then “CA Final Course.”
- Next, you will see the registration form page, which contains basic data. Make sure all details are correct and provide the required documents.
- After this, students have to pay Rs. 22,000 via debit credit, credit card, or net Banking to pay the final CA application fee.
- Then enter a re-captcha to confirm payment for registration.
- Then you need to download a PDF file with basic information and a registration number.
Tips for Effective Preparation
- Create a study Schedule: Plan your study sessions to cover all subjects systematically.
- Practice regularly: Solve previous years’ question papers and mock tests to improve your problem-solving skills.
- Stay informed: Stay informed about any updates or amendments to the curriculum.
In conclusion, the CA Final New Syllabus 2024 by ICAI demands a strategic and well-rounded approach to preparation. By understanding the changes, effectively navigating the curriculum, and following our tips, you can increase your chances of success. Stay focused, stay determined, and achieve success in the CA finals!
Frequently Asked Questions
Ques1: What is the last date of CA final May 2024 registration?
Ans:The last date of CA final registration is 1st January 2024.
Ques2: What is CA Final Registration Fee?
Ans: The CA Final Registration Fee is Rs 22000.
Ques3: When will the first exam for the CA Final take place?
Ans: The first exam under the new syllabus of CA Final will take place in May 2024.
Ques4: How many papers are there in the CA Final syllabus 2024?
Ans: There are six papers in the CA Final Syllabus 2024.
Ques5: How do you download CA Final syllabus pdf?
Ans: Students can download the CA Final Course Syllabus in PDF format from the official website of ICAI.