CA Final Syllabus May 2018 (Old and New Students): CA Final Subjects for May 2017 & Nov 2017 are the same. However, From May 2018, this pattern will change and new subjects will be added. CA Final Syllabus has a total of 8 Subjects each carrying 100 Marks each. These Subjects are categorised into two groups. In CA Final Group 1, there are Four Subjects. In CA Final Group 2, there are another Four Subjects. However, Paper 5 Advanced Management Accounting can be sub divided into 2 subjects, which was explained in the post below.
CA Final Syllabus don’t change much often. There may be amendments in the existing subjects like Taxation and Law, but overall, the course structure will remain the same. Once every 5 years, keeping in mind the changing economic conditions in India, it is necessary that the CA Final Course has to be updated.
CA Final Subjects for May 2018 (Old Students)
|Financial Reporting||100 Marks|
|Strategic Financial Management||100 Marks|
|Auditing and Ethics||100 Marks|
|Corporate and Allied Laws||100 Marks|
|Advanced Management Accounting||100 Marks|
|Information Systems Control and Audit||100 Marks|
|Direct Tax||100 Marks|
|Indirect Tax (GST 75 and Customs 25)||100 Marks|
CA Final Subjects for May 2018 (New Students)
|Paper 1||Financial Reporting||100 Marks|
|Paper 2||Strategic Financial Management||100 Marks|
|Paper 3||Advanced Auditing and Professional Ethics||100 Marks|
|Paper 4A||Corporate Laws||60 Marks|
|Paper 4B||Other Economic Laws||40 Marks|
|Paper 5||Advanced Management Accounting||100 Marks|
|Paper 6||Optional Papers*||50 Marks|
|Paper 7A||Advanced Direct Tax Laws||70 Marks|
|Paper 7B||International Taxation||30 Marks|
|Paper 8B||Advanced Indirect Laws||100 Marks|
Optional Papers in Place of ISCA
Under the new CA Final Revised Syllabus, ISCA has been removed. Instead, Paper 6 is made as an ‘Elective Paper’. Students can choose any of the following Optional papers:
- Risk Management
- International Taxation
- Economic Laws
- Capital Markets
- Multi-Disciplinary Case Study
Also, Paper 8, Indirect Tax part will have GST for 75 Marks and Customs for 25 Marks. Paper 5 will now be Strategic Cost Management and Performance Evaluation.
What are the new subjects from May 2018
There is one very important subject that is newly being introduced into the CA Final Syllabus. It is ‘Financial Services and Capital Markets‘. This subject is in Group 2, and will carry 50 Marks.
Capital Markets Syllabus will include topics such as:
- Stock Markets
- Futures & Options
- Mutual Funds
- Debt Markets
- Venture Capital
Another new additional subject to CA Final Syllabus is ‘International Taxation’, which will carry 30 Marks.
This Subject will include topics such as:
- Expatriates Taxation
- Taxation on Non-Residents
- Section 92E
Apart from these, there will no change in applicable CA final Subjects in the next 4-5 years from ICAI.
- 1 CA Final Subjects for May 2018 (Old Students)
- 2 CA Final Subjects for May 2018 (New Students)
- 3 Optional Papers in Place of ISCA
- 4 What are the new subjects from May 2018
- 5 Conclusion: