ca final subjects

CA Final Subjects & Syllabus The CA Final consists of two groups, each having three papers. That’s a total of six papers. 🔹 Group 1 📝 Paper 1: FINANCIAL REPORTING (100 Marks) Objective 🎯 To develop skills to incorporate and solve problems in real life situations on Indian Accounting Standard (Ind AS) to make appropriate accounting treatment and develop appropriate accounting policies. To acquire skills and expertise to identify, implement disclosure requirements as required in Indian Accounting Standards (Ind AS) in the preparation and presentation of such financial statements. To gain the skills to prepare the financial statements of the group entities that comprise subsidiaries, associates and joint arrangements in accordance with the Indian Accounting Standards (Ind AS). To generate familiarity with some of the Accounting Standards and also to be able to resolve the problem in a practical situation where in both the standards and the treatment is not the same. Contents 📑 1. General Purpose Financial Statements Introduction under Indian Accounting Standard (Ind AS) Statutory provisions: Applicability criteria  Division II of Schedule III to the companies Act, 2013 and Guidance Note thereupon 2. Conceptual Framework for Financial Reporting under Indian Accounting Standards (Ind AS) 3. Application of Ind AS with reference to General Purpose Financial Statements Ind AS on Presentation of Items in the Financial Statements Ind AS 1 “Presentation of Financial Statements”  Ind AS 34 “Interim Financial Reporting” Ind AS 7 “Statement of Cash Flows” Ind AS on Measurement based on Accounting Policies Ind AS 8 “Accounting Policies, Changes in Accounting Estimates and Errors”  Ind AS 10 “Events after the Reporting Period”  Ind AS 113 “Fair Value Measurement”    Ind AS on Income Statement Ind AS 115* “Revenue from Contracts with the Customers”    Ind AS on Assets and Liabilities of the Financial Statements Ind AS 2 “Inventories”  Ind AS 16 “Property, Plant and Equipment”  Ind AS 116* “Leases”   Ind AS 23 “Borrowing Costs”  Ind AS 36 “Impairment of Assets”  Ind AS 38 “Intangible Assets”  Ind AS 40 “Investment Property”  Ind AS 105 “Non-current Assets Held for Sale and Discontinued Operations”  Ind AS 19 “Employee Benefits”  Ind AS 37 “Provisions, Contingent Liabilities and Contingent Assets”    Ind AS on Items impacting the Financial Statements Ind AS 12* “Income Taxes”  Ind AS 21 “The Effects of Changes in Foreign Exchange Rates”    Ind AS on Disclosures in the Financial Statements   Ind AS 24 “Related Party Disclosures”  Ind AS 33 “Earnings per Share”  Ind AS 108 “Operating Segments”    Other Ind AS   Ind AS 20 “Accounting for Government Grants and Disclosure of Government Assistance”  Ind AS 102 “Share Based Payment”  Ind AS 41 “Agriculture”    Ind AS on Financial Instruments (it includes Ind AS 32, Ind AS 109, Ind AS 107)  Financial Instruments: Scope and Definitions  Classification and Measurement of financial assets and financial Liabilities  Financial Instruments: Equity and Financial Liabilities  Derivatives and Embedded Derivatives  Recognition and Derecognition of Financial Instruments  Hedge Accounting  Disclosures 4. Ind AS on Group Accounting Business Combinations (Ind AS 103)  Consolidated and Separate Financial Statements (it includes Ind AS 110, Ind AS 111, Ind AS 27, Ind AS 28, Ind AS 112) 5. First time adoption of Indian Accounting Standards (Ind AS 101) 6. Analysis of financial statements (as per Ind AS) 7. Ethics with Accounting Concepts Identify and explain the key ethical issues 8. Technology and Accounting Evolution of Accounting in the technological environment Notes: 📝 *Discussion on AS 7, AS 9, AS 19 and AS 22 will be provided and respectively Ind AS 115, Ind AS 116 and Ind AS 12. If either a new Ind AS or Announcements and Limited Revisions to Ind AS are issued or the earlier one is withdrawn or new Ind AS, Announcements and Limited Revisions in case of issuance of Ind AS replacing the existing Ind AS, the syllabus will either include / exclude such new developments in lieu of the existing ones with effect from the date as may be notified by the Institute. The specific inclusions / exclusions in any topic covered in the syllabus will be affected every year by way of Study Guidelines 📝 Paper 2: ADVANCED FINANCIAL MANAGEMENT (100 Marks) Objective 🎯 Gain the skills of using theories and tools of financial management to make strategic decisions. Contents 📑 1. Financial Policy and Corporate Strategy Innovative role of CFO in different issues such as Value Creation Strategic decision making framework iii. Interface of Financial Policy and strategic management  Balancing financial goals vis-à-vis sustainable growth 2. Risk Management Identification of types of Risk faced by an organisation Evaluation of Financial Risks Value at Risk (VAR) Evaluation of appropriate method for the identification and management of financial risk 3. Advanced Capital Budgeting Decisions Current trends in Capital Budgeting Impact of inflation on Capital Budgeting Decisions Impact of change in technology on Capital Budgeting Impact of change in Government Policies on Capital Budgetin 2. Dealing with Risk in Investment Decisions  3. Internal and External Factors affecting capital budgeting decision 4. Methods of incorporating risk in Capital Budgeting 5. Adjusted Present Value 6. Optimum Replacement Cycle 4. Security Analysis Fundamental Analysis Technical Analysis Meaning Assumptions Theories and Principles Charting Techniques – Basics Efficient Market Hypothesis (EMH) Analysis 3. Equity Research and tools available 5. Security Valuation Theory of Valuation Return Concepts  Equity Risk Premium Required Return on Equity Selection of Discount Rate regarding Cash Flows Approaches to Valuation of Equity Shares  Valuation of Preference Shares Valuation of Debentures/ Bonds Role and Responsibilities of Valuers  A Valuer should take precautions before accepting any assignment of valuation 6. Portfolio Management Portfolio Analysis Portfolio Selection Capital Market Theory Portfolio Revision Portfolio Evaluation Asset Allocation Fixed Income Portfolio Risk Analysis of Investment in Distressed Securities Alternative Investment Avenues Real Estate  Gold Private Equity  REITs  Hedge Funds  ETFs  Mutual Funds Commodities  7. Securitization Introduction Concept and Definition Benefits of Securitization  Participants in Securitization Mechanism of Securitization Problems in Securitization Securitization Instruments Pricing of Securitization Instruments Risks in Securitization Tokenization Securitization in India 8. Mutual Funds Meaning Types Advantages and