What is CA final exam all about? What is its eligibility criteria , exam pattern etc.?
CA Final Chartered Accountancy Final
CA final is the final step in becoming a CA. The concerned authority of Chartered Accountancy is the Institute of Chartered Accountants of India (ICAI). The candidates must clear IPCC groups and 6 months articled training. According, to the new scheme the 70% of the paper will be subjective and remaining 30% will be MCQ’s. this exam is held twice in a year in June and November. Admit cards are released 15 days prior to the exam.
Eligibility:
The eligibility for this exam is as follows:
1. Must have cleared IPCC.
2. 6 months of articled training.
The application fee is Rs.10,000.
Exam pattern:
According, to the new scheme the 70% of the paper will be subjective and remaining 30% will be MCQ’s. There is no negative marking. The medium of paper is Hindi/English. The total marks of this paper are 800 marks. 100 per paper.
CA Final Group I:
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 Laws and other Economic Laws (100 Marks)
CA Final Group II
Paper 5: Strategic Cost Management and Performance Evaluation (100 Marks)
Paper 6: Elective Paper (100 Marks)
Paper 7: Direct Tax Laws (70 Marks) & International Taxation (30 Marks)
Paper 8: Indirect Tax Laws (100 Marks)
Tips and tricks:
1. Know your concepts.
2. As there is no negative marking attempt the all the questions.
3. Must practice prep test so that you know your strengths and weaknesses.
4. Candidates must revise their concepts thoroughly.
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