CA Final Course is the last level of ICAI course to become a Chartered Accountants in India. In this article you will learn all about CA Final Course. At the end of this article you will come to know so many details including eligibility, subjects, registration, exams and results of CA Final Course.
Recently, the Institute of Chartered Accountants of India (ICAI) has announced the result of CA Intermediate (IPC/IPCC) Course Examination. Now, you should know about CA Final Course.
CA Final Course – Eligibility, Registration, Exams and Results
This is the last stage of the Chartered Accountancy curriculum. One of the best part of the CA Final Course is that you will be eligible to practice in a Chartered Accountancy Firm (CA Firm).
In other words, a CA Final course student would undergo compulsory three years of practical training during the course of Chartered Accountancy.
This feature helps the students to appreciate the underlying practical applications of the theoretical education scheme. Thus, the unique feature of the entire theoretical education of CA Final curriculum is the supportive and complementary practical training.
Students after qualifying both the groups of CA Intermediate Examination are eligible to register for Final Course and would be allowed to appear in Final Examination during last six months of practical training. However, you are also required to complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) before applying for CA Final Examination.
In order to develop a strong base for Information Technology and soft skills to prepare the students for corporate world, students of CA Final Course are imparted AICITSS during the last two years of the practical training but before appearing for CA Final Examination. It is a good practice of CA Institute to facilitate their students with online services.
Accordingly, CA Final students would be tested on Advanced Information Technology (AICITSS) through online test paper/ OMR Test Paper conducted by the ICAI Examination Department which they would be required to qualify with the requisite grades to be eligible to appear for Final Examination.
For enabling students to acquire specialization in a particular field, one elective paper has been introduced in the curriculum of Final Course. The students can choose a paper out of Risk Management, Financial Services & Capital Markets, International Taxation, Economic Laws, Global Financial Reporting Standards and Multi-disciplinary Case Study.
Final Course registration is valid for 5 years and can be revalidated any number of times for further 5 years period by paying revalidation fee of ₹500/- or as decided by the Council from time to time.
Subjects covered in Final Course of ICAI are sited below for your knowledge:
CA Final Group-I subjects
Paper-1: Financial Reporting (100 Marks)
Paper-2: Strategic Financial Management (100 Marks)
Paper-3: Advanced Auditing and Professional Ethics (100 Marks)
Paper-4: Corporate and Economic Laws (100 Marks)
Part I: Corporate Laws (70 Marks)
Part II: Economic Laws (30 Marks)
CA Final Group-II subjects
Paper-5: Strategic Cost Management and Performance Evaluation (100 Marks)
Paper-6: Elective Paper (100 Marks) (One to be chosen from the list of Elective Papers)
6A Risk Management
6B Financial Services & Capital Markets
6C International Taxation
6D Economic Laws
6E Global Financial Reporting Standards
6F Multi-disciplinary Case Study
Paper-7: Direct Tax Laws & International Taxation (100 Marks)
Part I: Direct Tax Laws (70 Marks)
Part II: International Taxation (30 Marks)
Paper-8: Indirect Tax Laws (100 Marks)
Part I: Goods and Service Tax (75 Marks)
Part II: Customs & FTP (25 Marks)
The subjects of Final Course are classified into two groups which a student can study and appear in the examination group-wise or both the groups together.
CA Final examination shall be conducted twice in a year. That means, registered students of ICAI shall appear in CA Final May or CA Final Nov exams as per their eligibility.
CA Final results are declared within 45-55 days from the date of last exam. In other words, the result of CA Final Nov 2018 shall be declared in the last week of January 2019. Similarly, CA Institute declare CA Final May 2019 exam results in the last week of July 2019.
Exact date of declaration of results of CA Final examinations will be announced in due course, on the Institute’s official website.