CA Final Syllabus for May 2018

CA Final Syllabus for May 2018 – New Syllabus

Get CA Final Syllabus for May 2018 – New Syllabus. Here we are providing the revised new syllabus for CA Final Exams. The CA Final Exams will held on May & Nov every year and first new syllabus for 2018 CA Final exam starts from May 2018. The students who are looking to write CA Final Exam for May 2018 can check the CA Final Syllabus from this article. The New CA Final Course Consists of 8 Papers divided into 4 papers per group. These all subjects names are Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, Corporate and Economic Laws, Strategic Cost Management and Performance Evaluation, Risk Management, Direct Tax Laws and International Taxation, Indirect Tax Laws. Here you can check out for all those subjects syllabus which are mentioned above.

CA Final Syllabus May 2018

The date of commencement of registration for CA Final Course came into existence w.e.f from 1st July 2017. Check out this CA Final Syllabus from below:

CA Final Subjects

From below table you can get the CA Final New Syllabus applicable Subjects.

Papers Name of the Subjects
Group – I
Paper – 1 Financial Reporting
Paper – 2 Strategic Financial Management
Paper – 3 Advanced Auditing and Professional Ethics
Paper – 4 Corporate and Economic Laws
Group – II
Paper – 5 Strategic Cost Management and Performance Evaluation
Paper – 6 Risk Management
Paper – 7 Direct Tax Laws and International Taxation
Paper – 8 Indirect Tax Laws

CA Final Syllabus Subject-wise

Below you can get the Subject wise syllabus for CA Final New Syllabus which is applicable for May 2018 CA Final Exam.

PAPER – 1: FINANCIAL REPORTING

(One paper – Three hours – 100  Marks)

Contents:

  1. Application of Existing Accounting Standards 15, 21, 23, 25, 27 and 28. (The students will also be required to apply other Accounting Standards if applicable in any of the questions).
  2. Application of Guidance Notes issued by ICAI on specified accounting aspects.
  3. Framework for Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards (Ind AS).
  4. Application of Indian Accounting Standards (Ind AS) with reference to General  Purpose Financial Statements
  5. Consolidated and Separate Financial Statements (as per Ind AS)
  6. Application of Industry specific and Transaction Specific Indian Accounting Standards (other than Business Combination, Financial Instruments and Share Based Payment)
  7. Business Combinations and Accounting for Corporate Restructuring (including demerger (as per Ind AS)
  8. Accounting and Reporting of Financial Instruments (as per Ind AS)
  9. Accounting for Share Based Payment (as per Ind AS)
  10. Analysis of Financial Statements
  11. Accounting for Carbon Credits
  12. Accounting for E-commerce
  13. Emerging trends in Reporting
    • Integrated Reporting
    • Corporate Social Responsibility Reporting
    • Human Resource Reporting
    • Value Added Statement

Notes:

  1. If either a new Indian Accounting Standard (Ind AS) or Accounting Standard (AS) or Announcements and Limited Revisions to Ind AS / AS are issued or the earlier one are withdrawn or new Ind AS / AS, Announcements and Limited Revisions to Ind AS / AS are issued in place of existing Ind AS / AS, Announcements and Limited Revisions to Ind AS / AS, the syllabus will accordingly include / exclude such new developments in the place of the existing ones with effect from the date to be notified by the
  2. The specific inclusions/exclusions in any topic covered in the syllabus will be effected every year by way of Study The list of Guidance Notes in Accounting and significant Expert Advisory Opinions, wherever applicable, will also form part of the Study Guidelines.
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PAPER – 2 : STRATEGIC FINANCIAL  MANAGEMENT

(One paper – Three hours – 100 marks)

Contents:

  1. Financial Policy and Corporate Strategy
  2. Indian Financial System
  3. Risk Management
  4. Security Analysis
  5. Security Valuation
  6. Portfolio Management
  7. Securitization
  8. Mutual Fund
  9. Derivatives Analysis and Valuation
  10. Foreign Exchange Exposure and Risk  Management
  11. International Financial Management
  12. Interest Rate Risk Management
  13. Corporate Valuation
  14. Mergers, Acquisitions and Corporate  Restructuring
  15. International Financial Centre (IFC)
  16. Startup Finance
  17. Small & Medium Enterprises

PAPER – 3 : ADVANCED AUDITING AND PROFESSIONAL ETHICS

(One paper – Three hours – 100 marks)

Contents:

  1. Auditing Standards, Statements and Guidance Notes
  2. Audit Planning, Strategy and Execution
  3. Risk Assessment and Internal Control
  4. Special aspects of Auditing in an Automated Environment
  5. Audit of Limited Companies
  6. Audit Reports
  7. Audit Reports & Certificates for Special Purpose Engagement
  8. Audit Committee and Corporate Governance
  9. Audit of Consolidated Financial Statements
  10. Special features of audit of Banks, Insurance & Non Banking Financial   Companies
  11. Audit under Fiscal Laws
  12. Special Audit Assignments
  13. Audit of Public Sector Undertakings
  14. Liabilities of Auditors
  15. Internal Audit, Management and Operational Audit
  16. Due Diligence, Investigation and Forensic Audit
  17. Peer Review and Quality Review
  18. Professional Ethics

Note:

  • The specific inclusions/exclusions, in any topic covered in the syllabus, will be effected every year by way of Study
  • The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.
  • If new legislations/ Engagement and Quality Control Standards /Guidance Notes/Statements are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute. The changes in this regard would also form part of Study

PAPER – 4: CORPORATE AND ECONOMIC LAWS

(One paper – Three hours – 100 marks)

PART –  I: CORPORATE LAWS (70 Marks)

SECTION A:  COMPANY LAW

Contents:

  1. The Companies Act, 2013
  2. Corporate Secretarial Practice

Note: The provisions of the Companies Act, 1956 which are still in force would form part  of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.

SECTION B: SECURITIES LAWS

  1. The Securities Contract (Regulation) Act, 1956 and the Securities Contract (Regulation) Rules, 1957: Introduction and important provisions
  2. The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015

PART II:   ECONOMIC LAWS (30  MARKS)

Contents:

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

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute. Similarly if any existing legislation ceases to have  effect,  the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute.

The specific inclusions/exclusions in the various topics covered in the syllabus will be effected every year by way of Study Guidelines, if required.

PAPER – 5 : STRATEGIC COST MANAGEMENT AND PERFORMANCE EVALUATION

(One Paper- Three hours- 100 Marks)

PART‒A

STRATEGIC COST MANAGEMENT AND DECISION  MAKING

Sub Part‒I

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Strategic Cost Management

  1. Introduction to Strategic Cost  Management
  2. Modern Business Environment
  3. Lean System and Innovation
  4. Cost Management Techniques
  5. Cost Management for Specific Sectors

Sub Part‒II

Strategic Decision Making

  1. Decision Making
  2. Pricing Strategies/ Decisions

PART‒B

PERFORMANCE EVALUATION AND CONTROL

Sub Part‒I

Performance Evaluation and Reporting

  1. Performance Measurement and Evaluation
  2. Divisional Transfer Pricing
  3. Strategic Analysis of Operating Income

Sub Part‒II

Managerial Control

  1. Budgetary Control
  2. Standard Costing

PART C

CASE STUDY

  1. Case Study (covering Course Concepts)

General Note:

Applications of the following Quantitative Techniques are required to be studied for linkage to the course concept:

  • Linear Programming
  • Learning Curve/Experience Curve

PAPER – 6A : RISK  MANAGEMENT

(One paper – Three hours – 100 Marks)

Concepts:

  1. Introduction to risk
  2. Source and evaluation of risks
  3. Risk Management
  4. Quantitative Analysis
  5. Risk Model
  6. Credit risk measurement and management
  7. Risk associated with corporate governance
  8. Enterprise Risk Management
  9. Operational Risk Management

PAPER – 6 B: FINANCIAL SERVICES AND CAPITAL MARKETS

(One paper – Three hours – 100 Marks)

Contents:

  1. Global Financial Markets
  2. Impact of various Policies of Financial Markets
  3. Capital Market – Primary
  4. Capital Market – Secondary
  5. Money Market
  6. Institutions and Intermediaries
  7. Commodity Market
  8. 8A.   Banking – Management
    8B.   Banking as source of Capital including  NBFCs
  9. Mutual Funds
  10. Private equity
  11. Investment Banking
  12. Credit Rating
  13. Treasury Operations
  14. Risk Management
  15. Credit Derivatives
  16. SEBI Guidelines

PAPER – 6 C: INTERNATIONAL TAXATION

(One paper – Three hours – 100 Marks)

Contents:

Part I – Taxation of International Transactions and  Non-resident

Taxation in India (50 Marks)

  1. Transfer Pricing provisions under the Income-tax Act,  1961
  2. Other Provisions relating to taxation of international transactions    and non-resident taxation under the Income-tax Act, 1961
  3. Law  and  Procedures  under  the  Black  Money  (Undisclosed  Foreign  Income  and Assets) and Imposition of Tax Act, 2015 – An Overview.

Part II –   Other aspects of International Taxation (50  Marks)

  1. Overview of Model Tax Conventions
  2. Tax treaties, Application and Interpretation
  3. Anti Avoidance Measures
  4. Taxation of E-Commerce  Transactions

Note –

  • Transfer Pricing in Part I to carry weightage of 30
  • If any new legislation(s) are enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in the place of the existing legislation(s) with effect from the date to be notified by the Similarly,  if any existing legislation(s)on direct tax laws ceases to be in force, the syllabus will accordingly exclude such legislation(s)with effect from the date to be notified by the Institute.

The specific inclusions/exclusions in any topic covered in the syllabus will be effected by way of Study Guideline every year, if required. Specific inclusions/exclusions in a  topic  may also arise due to additions/deletions made every year by the Annual Finance Act.

PAPER – 6 D: ECONOMIC LAWS

(One paper Three hours 100 Marks)

Contents:

  1. World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism
  2. Competition Act, 2002 and Rules/ Regulations
  3. Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/ Regulations]
  4. Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations
  5. Prevention of Money Laundering Act, 2002 and Rules/ Regulations
  6. Foreign Exchange Management Act, 1999 and Rules/ Regulations
  7. Prohibition of Benami Property Transactions Act, 1988 and Rules/  Regulations

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute. Similarly, if any existing legislation ceases to have effect,  the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute.

The specific inclusions/exclusions in the various topics covered in the syllabus will be effected every year by way of Study Guidelines, if required.

PAPER – 6 E: GLOBAL FINANCIAL REPORTING STANDARDS

(One paper – Three hours – 100 Marks)

  1. Conceptual Framework for Financial Reporting as per IFRS –      10 Marks
  2. Application of International Financial Reporting Standards –      70 Marks
  3. Significant differences between IFRS and US GAAPs  –               20 Marks
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PAPER – 6 F: MULTIDISCIPLINARY CASE STUDY

(One paper – Three hours – 100 Marks)

  1. Financial Accounting and Reporting
  2. Audit and Assurance
  3. Taxation
  4. Finance and Financial Management
  5. Management Accounting
  6. Corporate Laws
  7. Business Strategy and Management

PAPER – 7 : DIRECT TAX LAWS AND INTERNATIONAL TAXATION

(One paper ─ Three hours –100  Marks)

Part I :  Direct Tax Laws (70  Marks)

Contents:

  • Law and Procedures under the Income-tax Act,  1961,

Part II:   International Taxation (30 Marks)

  • Taxation of international transactions and Non-resident  taxation
  • Overview of Model Tax Conventions – OECD &  UN
  • Application and interpretation of Tax  Treaties
  • Fundamentals of Base Erosion and Profit  Shifting

Note: If any new legislation(s) are enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in the place of the existing legislation(s) with effect from the date to be notified by the Institute. Similarly, if any existing legislation(s)on direct tax laws ceases to be in force, the syllabus will accordingly exclude such legislation(s)with effect from the date to be notified by the   Institute.

Further, the specific inclusions/exclusions in any topic covered in the syllabus will be effected   by way of Study Guidelines every year, if required. Specific inclusions/exclusions in a topic may also arise due to additions/deletions made every year by the Annual Finance   Act.

PAPER 8 : INDIRECT TAX LAWS

(One paper – Three hours – 100 Marks)

Part-I: Goods and Services Tax (75  Marks)

  1. Goods and Services Tax (GST) 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)

  1. Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
  2. Foreign Trade Policy to the extent relevant to the indirect tax laws

Note – If any new legislation(s) is enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in place of the existing legislation(s) with effect from the date to be notified by the Institute. Similarly, if any existing legislation ceases to have effect, the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute. Students shall not be examined with reference to any particular State GST  Law.

Further, the specific inclusions/exclusions in any topic covered in the syllabus will be effected every year by way of Study Guidelines, if  required.

So, these are the subjects and the Syllabus of CA Final Exam for May 2018 Exam. If you found this is useful, share this article with your friends. If you still have any doubts relating to any aspects of CA Final Exam .. Ask us via comment box.

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