CA Final Books for Reference and ICAI Recommended Books are updated here. Certain questions like, What are the best recommended books for CA Final students arise often. Few CA Final students study any one book and few others study multiple books for a single subject. We would like to clarify that, this list has been provided only for educational purpose and we do not own any commercial interest.
To solve this issue, We will be providing a complete list of recommended books for CA Final Students. These books were listed out by FinApp Editorial Team based on inputs from All India Toppers and Students who scored exemptions in that particular papers. The book that most professors and CA Final All India toppers has suggested is the ICAI Practice Manual. Whenever you read the interview of a topper, you see that they have prepared from Practice Manual at least once.
Financial Reporting (FR) : CA Final Books
There are very good books available for CA Final FR in the market, from authors like MP Vijay Kumar, PC Tulsian, Padhuka etc.
MP Vijay Kumar books is recommended for students who are preparing for CA Final through self study. The practical problems (especially in Consolidation) were solved in a tabled manner, which makes it easier for the student during exam preparation. Moreover, the book is very vast and can be considered as the best recommended book for ca final.
Next comes PC Tulsian. During the past 2 years, PC Tulsian has become quite famous among the CA Final students. May 2015 Topper has prepared from this book. Students who has taken coaching already will find this book very useful. The Chapters are a mix of new questions and also questions from old exams.
Padhuka has high number of solved questions and can be considered good enough for revision when you have very less time.
You can buy these books below:
SFM : CA Final Books
Arguably, the best book in the market for CA Final Strategic Financial Management is ‘First Lessons in Financial Management’ by V Pattabhi Ram and SD Bala.
What makes this book stand out is that, the topics are explained in a very practical and conceptual way. Once you start reading this book, you will start seeing SFM Subject in a different way.
Each and every topic were explained in a detailed manner with ample examples. CA Final Students who are looking to get conceptual clarity and not just scoring 40 marks, should read this book.
Getting this type of Out of the Box knowledge will help you in a long way in the Interviews and also in the future.
Auditing : CA Final Books
Surbhi Bhansal book is the most famous one recommended by most CA Final students. However, we can say that, this books is very over rated.
For certain topics like Professional Ethics, Banking etc, we can recommend Surbhi Bhansal books for Auditing. However, we cant say you should reply completely.
Keeping the importance of scoring marks in exam, and also understanding the subject, the book that we can recommend for CA Final Audit is Vikas Oswal’s “Simplified Approach to Advanced Auditing And Professional Ethics”.
Students should prepare for Auditing paper with the combination of Vikas Oswal Book + ICAI Practice Manual.
Apart from Vikas oswal, we will also give high marks to book by Padhuka, for quick revision before exam.
Corporate & Allied Law : CA Final Books
This is the most obvious choice. The book that we recommend and suggested by many students is Munish Bhandari’s Law Book.
Pros of Munish Bhandari Book (User Review)
- The books is very comprehensive.
- The Book gives detailed knowledge on all topicsknowledge one can get from this book.
- Covers all practical problems of past exams
AMA : CA Final Books
Advanced Management Accounting paper requires students to prepare as many different problems as they could.
The more questions you practice, the better you get at the subject. One such book which offers hundreds of practical problems is from Padhuka.
Padhuka is one of the best books available in the market and it should be an outright choice for CA Final Students preparing for AMA Paper.
Apart from Padhuka book, as shown below, we will also recommend CA Final students to go through ICAI Practice Manual too.
ISCA : CA Final Books
ICAI Practice Manual is the best book for CA Final Information Systems Control and Audit Paper.
There are books available in the market from Private publishers and authors, but Practice Manual stands on the top.
What we see is that, students who have prepared from Practice Manual are scoring very good marks in ISCA.
The best example is, CA Akash, who scored 92 marks in CA Final May 2016 ISCA Paper has prepared only from ICAI Practice Manual and Study Material.
Direct Tax : CA Final Books
The best book for a CA Final Student preparing for DT Paper is by Vinod Gupta. The book is so well composed, that even students who are doing self study will find the subject very easy.
The book is broken down into modules and will cost you around Rs.1,500.
Even though the price looks over the top, we can say that it is worth it. This book has around 90% market share in the CA Final Students market.
Indirect Tax : CA Final Books
There are few good books for CA Final IDT Paper. Out of these, what stands on the top is Bangar’s Indirect Tax Laws.
We will also recommend Vineet Sodhani book, which is very under rated, but is equally good in concepts (especially Customs).
There is another publisher by the name ‘Mohd.Rafi’, but there are few complaints from the students that they are not getting enough score in the exam following this book.
What we can conclude that, the secret for scoring marks in CA Final is preparing and choosing a best book.
ICAI Practice Manual is the best book suggested by all. Apart from this, CA Final students can refer the books recommended above.