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CA FINAL New Syllabus 2018

 CA Final New Scheme Syllabus 2018

 Changes in CA Final Course

The Institute of Chartered Accountants of India (ICAI) announced CA new syllabus from 2017. In a previous post, we have given what are the changes in IPCC syllabus for 2018.To know about these changes click here.

Furthermore,With effect from 1st July 2017, the registration in the CPT/IPCC/Final under the existing scheme will discontinue.From here on,the new syllabus includes the following subjects:

Group 1  

  1.  Financial Reporting (100 Marks)
  2. Strategic Financial Management (100 Marks)
  3. Advanced Auditing and Professional Ethics (100 Marks)
  4.  Corporate (70 Marks ) and Other Economic Laws (30 Marks)

Group 2

  1. Advanced Management Accounting (100 Marks)
  2. Financial Services and Capital Markets (50 Marks) & Information Systems Control and Audit (50  Marks)
  3. Advance Direct Tax Laws (70 Marks) and International Taxation (30 Marks)
  4. Advance Indirect Tax Laws (100 Marks)

The addition includes the following topics subject wise:

Paper 1 : Financial Reporting ( Addition)

  1. Framework for Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards.
  2. Application of Indian Accounting Standards (Ind ASs) and Existing Accounting Standards on various accounting aspects with reference to-
  • Separate financial statements
  • Consolidated financial statements
  • Disclosures
  • Financial instruments
  • Special transactions
  • Understanding of Industry Specific Accounting.
  1. Application of Guidance Notes issued by ICAI on various accounting aspects.
  2. Principles of Integrated Reporting.

Note – If either a new Indian Accounting Standard (Ind AS) or Accounting Standard (AS),

From here on,announcements and Limited Revisions to Ind AS / AS are issued or the earlier one are withdrawn or new Ind AS / AS, Announcements and Limited Revisions to Ind AS / AS are issued in place of existing Ind AS / AS, Announcements and Limited Revisions to Ind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.

Paper 2: Strategic Financial Management ( Addition)

  1. 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.
  1. Portfolio Management (Few Sub-Topics Added)
  • Fixed Income Portfolio
  • Risk Analysis of Investment in Distressed Securities
  • Alternative Investment Strategies in context of Portfolio Management
  1. Corporate Valuation and Reorganization
  • Conceptual Framework of Valuation • Approaches/ Methods of Valuation

(a) Assets Based Valuation Model

(b) Earning Based Models

(c) Cash Flow Based Models

(d) Relative Valuation

  • Steps involved in Relative Valuation
  • Equity Valuation Multiples
  • Enterprise Valuation Multiple

(e) Other Approaches to Value Measurement

  • Economic Value Added (EVA)
  • Market Value Added (MVA)
  • Shareholder Value Analysis (SVA)

(f) Arriving at Fair Value

  1. Islamic Finance (Added)

(a) Major difference between Islamic Finance and other forms of Finance

(b) Concept of Riba

(c) Major Islamic Financial Instruments

Deletion:

  1. Lease Financing
  • Break Even Lease Rental
  • Cross Border Leasing
  1. Dividend Decision
  2. Financial Services in India – Transferred to Paper 6-A
  3. Mutual Funds – Transferred to Paper 6-A

Paper 3: Advanced Auditing and Professional Ethics

Deletion:

  1. Audit Strategy, Planning and Programming
  2. Audit under CIS Environment

Paper 4 (Section A) : Company Law

Addition:

  • National Company Law Tribunal and Appellate Tribunal
  • Special Courts
  • Miscellaneous Provisions

Deletion:

  • Accounts & Audit
  • Dividend

Paper 4 (Section B) : Other Economic Laws

Addition

  1. The Banking Regulation Act, 1949: The Reserve Bank of India Act, 1934- Overview: Chapter III-C of the Act.
  1. The Intellectual Property Rights: Trademark and Patent Rights- Overview: covering trademark and patent rights.

Trademark: Important definitions, procedure and effect of registration and other provisions

Patents Rights: Preliminary, Inventions not patentable, grant of Patents and rights conferred thereby and other provisions.

  1. Foreign Contribution Regulation Act, 2010: Overview: Definitions, Regulation of Foreign contribution and Miscellaneous provisions.
  1. Legislative framework on listing agreements: Clause 35 and 41 of the listing agreements required for the working of the listing companies.
  1. General Clauses Act, 1897: Overview: Important definitions and Applicability, Commencement, termination and computation of time, Powers conferred to be exercisable from time to time, Power to appoint include power to suspend or dismiss, Constructions of Notification, etc, issued under enactments, Power to issue, to include power to add to, amend, vary or rescind notifications, orders, rules, or bye-laws and other provisions.
  1. The Bankruptcy and Insolvency Code, 2015: Overview: Preliminary, Corporate insolvency resolution process, Liquidation process and other provisions

To Be Discussed

  1. The Arbitration and Conciliation Act, 1996-Overview: General Provisions, Arbitration agreement, Tribunal, Conciliation
  1. The Societies Registration Act, 1860: Overview: Formation of society by Memorandum of association and registration and other related provisions.
  1. The Indian Trust Act, 1882- Overview: Creation of Trusts, Duties and Liabilities, Certain obligations in the nature of trusts
  1. The Co-operative Societies Act, 1912: Overview: Preliminary, Registration, Duties of Registered societies, Privileges and Miscellaneous provisions

Deletion:

  1. SEBI Act, 1992
  2. SCRA Act
  3. Interpretation of Statutes, Deed and Documents

    CA Final New Scheme Syllabus – Group 2 – 4 papers

Group – II

Paper 5

(A): Advanced Management Accounting

Addition:

  • Modern Business Environment
    • Supply Chain Management (SCM)
    • Gain Sharing Arrangements
    • Supply Chain Management (SCM)
    • Outsourcing
  • Lean System and Innovation
    • Introduction to Lean System
    • 5 Ss
    • Total Productive Maintenance (TPM)
    • Cellular Manufacturing/ One-Piece Flow Production Systems
    • Six Sigma (SS)

   (B) Introduction to Process Innovation and Business Process Re-engineering (BPR)

  • Cost and Management Accounting Techniques
    • As compared to the old scheme,the new scheme includes the following additions and insertions:

Comparison of Final Costing Syllabus under Old & New Course



  1. Value Analysis/Value Engineering

Paper 6A : Financial Services and Capital Markets (New Paper)

  1. Indian Financial System
  • Financial Market
  • Capital Market
  • Primary Market
  • Secondary Market
  • Money Market Instruments
  • Equity Market
  • Debt Market
  1. Capital Market
  • New Issue Market
  • Right Issue
  • Secondary Market

(a) Stock Market Operations

(b) Indian Debt Market

  1. Commodity Market
  • What are Commodity Markets
  • Role of Commodity Markets
  • Commodity Market in India
  • Application of Derivative in Commodities
  • Global Commodities Exchanges
  1. Derivatives Analysis and Valuation
  • Forward/ Future Contract
  • Options
  • Swaps
  1. Merchant Banking
  • Basics
  • Meaning
  • Organization
  • Scope of Merchant Banking
  • Functions of Merchant Banking
  1. Mutual Funds
  • Meaning
  • Evolution
  • Types
  • Performance Measures
  • Mutual Fund Organisation
  • Advantages and Disadvantages of Mutual Fund
  • Exchange Traded Funds (ETFs)
  1. Factoring and Forfaiting
  • Introduction and Concept
  • Factoring and Bill Discounting
  • Mechanism
  • Service Package
  • Types of Factoring
  • Benefits and Problems of Factoring
  • Financial Aspects of Factoring
  • Financial Evaluation of Factoring Decision
  • Forfaiting
  1. Credit Rating
  • Introduction
  • Rating Services
  • Objectives and types
  • Uses
  • Credit Rating Process
  • Credit Rating Methodology
  • Rating Revisions
  • Credit Rating Agencies in India
  • Limitations
  • SEBI and Credit Rating
  1. Securitization
  • Introduction
  • Concept and Definition
  • Benefits of Securitization
  • Participants in Securitization
  • Mechanism of Securitization
  • Problems in Securitization
  • Securitization Instruments
  • Pricing of Securitization Instruments
  • Securitization in India
  1. Private Equity
  • Meaning and Classification

(a) Venture Capital

(b) Buyouts

(c) Special Cases

  • Risk and Cost of Investing in Private Equity
  • Exit Routes
  • Valuation of Private Equity Transactions
  • Private Equity Funds
  1. Investment Banking
  • Concept
  • Functions
  • Challenges
  • Developments in Investment Banking
  1. The Securities and Exchange Board of India Act, 1992
  • Rules
  • Regulations
  • Guidelines issued thereunder
  1. Legislative framework on listing agreements
  2. The Securities Contract (Regulation) Act, 1956
  3. Chapter III-D of the RBI Act, 1934

Paper 6B : Information Systems Control and Audit

No Changes

Paper 7  : Advanced Direct Tax Laws and International Taxation

Part I: Advanced Direct Tax Laws

No Changes

Part II: International Taxation

(1) International Taxation provisions under the Income-tax Act, 1961, including

(v) Specific Reporting Regime in respect of Country by Country reporting and master file

(vi) Tax incentives to International Financial Services Centre

(2) Equalisation levy

(3) Overview of Model Tax Conventions 4

(4) Tax treaties: application and interpretation

(5) Tax Information Exchange Agreements

(6) Base Erosion and Profit Shifting

(7) Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

Paper 8 : ADVANCED INDIRECT TAX LAWS

No Changes

ICAI has given details about CA New Course.Accordingly, CA New Course, IPCC new syllabus 2018 information  are also provided by ICAI.CA Final new syllabus  is available on  zeroinfy.com.

To know about the changes in CPT syllabus, click here.

To know about IPCC changes in syllabus.and other training programme ,click here.

Furthermore, all recent informations and changes relating to CA FINAL course and syllabus is available on  zeroinfy.com.

Zeroinfy.com is India’s Largest Online Platform for Exam Preparation, with over 200+ HD quality video courses, 25+ best Professors. Presently it covers exams like CA, CS, CMA, UPSC CSE, IIT-JEE. We provide access to the best, most reputed Professors, from across India, by streaming their classes online/ delivering it in pen drives.Moreover these lectures can be viewed multiple times, 24X7,  anytime anywhere.

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