ICAI CA Final Study Material For May 2026 Attempt: Download PDFs

CA Final Study Material for May 2026 helps students to understand core subjects conceptually, practical examples, and exam-focused preparation support.

Students, are you looking for ICAI CA final study material May 2026? Then, you are in the right place for the study material for the CA final. On this page, we are sharing the CA final study material and practice manual with you. You can download the ICAI final study material 2026 for new courses. The CA final study material provided in this article applies to the PDF May 2026 examinations.

These notes serve as a complete guide, support effective modifications, and save time compared to heavy ICAI study materials. Focus on a reliable source for notes, and emphasize frequent modifications for better understanding and retention.  Excel for CA in its preparation for the final exam!

The ICAI CA final module is very important; it does not matter how many other books you are already referring to. CA final study material gives you an idea of ​​what ICAI is asking for you. Writing skills, presentation, and questions were asked, and everything is clearly explained in the ICAI study material. 

Students can also check the latest CA final syllabus for upcoming examinations. The latest ICAI CA final study material applies to the attempt for May/Sept 2026. Along with the study material, you will also find CA final question papers with references for suggested answers, MTP, RTP, and fast revision.

Overview of CA Final Latest Syllabus for May 2026 

Check the CA final course under the latest ICAI scheme with observation of letters included.

CA Final Syllabus May 2026
S.No. Paper Name Marks
Paper 1 Financial Reporting 100 Marks
Paper 2 Advanced Financial Management 100 Marks
Paper 3 Advanced Auditing, Assurance, And Professional Ethics 100 Marks
Paper 4 Direct Tax Laws & International
Taxation		 100 Marks
Paper 5 Indirect Tax Laws
Part I: Goods and Services Tax
Part II: Costumes & FTP		 100 Marks
80 Marks
20 Marks
Paper 6 Integrated Business Solutions
(Multi-Disciplinary Case Study With Strategic Management)		 100 Marks

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CA Final Study Material May 2026 for Both Groups and Elective Papers

Ace your overall notes and alternative letters with your CA final 2026 exams. This table provides a brief observation, which ensures an in-depth understanding of major subjects. Improve your preparation and success likely.

CA Final Notes 2026: Both Groups & Elective Papers
Papers Name Download Link
Paper-1: Financial Reporting Click Here
Paper-2: Advanced Financial Management Click Here
Paper-3: Advanced Auditing, Assurance and Professional Ethics Click Here
Paper-4: Direct Tax Laws and International Taxation Click Here
Paper-5: Indirect Tax Laws Click Here
Paper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management) Click Here

Most Important Topics for CA Final Study Material May 2026

Paper 1:  Financial Reporting

CA Final Paper 1 - Syllabus - Financial Reporting (May 2026) Examination and further application include various Indian accounting standards (IND AS), financial reporting, business combinations, and moral duties of chartered accountants. Below is a structured table for the financial reporting course:

CA Final Syllabus 2026 For Financial Reporting
Module Chapter Topic Units
Module 1 Chapter 1 Introduction to Indian Accounting Standards -
  Chapter 2 Conceptual Framework for Financial Reporting under Ind AS -
  Chapter 3 Ind AS on Presentation of General Purpose Financial Statements Ind AS 1, Ind AS 34, Ind AS 7
  Chapter 4 Ind AS on Measurement Based on Accounting Policies Ind AS 8, Ind AS 10, Ind AS 113
Module 2 Chapter 5 Ind AS on Assets of the Financial Statements Ind AS 2, Ind AS 16, Ind AS 23, Ind AS 36, Ind AS 38, Ind AS 40, Ind AS 105, Ind AS 116
Module 3 Chapter 6 Ind AS on Liabilities of the Financial Statements Ind AS 19, Ind AS 37
  Chapter 7 Ind AS on Items Impacting Financial Statements Ind AS 12, Ind AS 21
  Chapter 8 Ind AS on Disclosures in the Financial Statements Ind AS 24, Ind AS 33, Ind AS 108
Module 4 Chapter 9 Ind AS 115 - Revenue from Contracts with Customers -
  Chapter 10 Other Indian Accounting Standards Ind AS 41, Ind AS 20, Ind AS 102
  Chapter 11 Accounting and Reporting of Financial Instruments -
Module 5 Chapter 12 Ind AS 103 - Business Combinations -
  Chapter 13 Consolidated and Separate Financial Statements of Group Entities Ind AS 110, Ind AS 111, Ind AS 28, Ind AS 27
  Chapter 14 Ind AS 101 - First-time Adoption of Ind AS -
  Chapter 15 Analysis of Financial Statements -
  Chapter 16 Professional and Ethical Duty of a Chartered Accountant -
  Chapter 17 Accounting and Technology -

Paper 2: Advanced Financial Management

The syllabus for CA Final Paper 2: Advanced Financial Management (May 2026 Examination) includes various advanced financial topics, focusing on corporate strategy, risk management, capital budget, and financial evaluation. Below is a structured table for an advanced financial management course:

CA Final Syllabus 2026 For Advanced Financial Management
Chapter No. Topic
Chapter 1 Financial Policy and Corporate Strategy
Chapter 2 Risk Management
Chapter 3 Advanced Capital Budgeting Decisions
Chapter 4 Security Analysis
Chapter 5 Security Valuation
Chapter 6 Portfolio Management
Chapter 7 Securitization
Chapter 8 Mutual Funds
Chapter 9 Derivatives Analysis and Valuation
Chapter 10 Foreign Exchange Exposure and Risk Management
Chapter 11 International Financial Management
Chapter 12 Interest Rate Risk Management
Chapter 13 Business Valuation
Chapter 14 Mergers, Acquisitions, and Corporate Restructuring
Chapter 15 Startup Finance

Paper 3: Advanced Auditing, Assurance, And Professional Ethics

This CA is the third subject of the final advanced auditing, and professional morality is the biggest theme of the CA final. It is purely a theory-based subject that is divided into two parts: advanced auditing and professional morality.

CA Final Syllabus 2026 for Advanced Auditing, Assurance and Professional Ethics
Module Chapter Topic
Module 1 Chapter 1 Quality Control
  Chapter 2 General Auditing Principles and Auditors' Responsibilities
  Chapter 3 Audit Planning, Strategy, and Execution
  Chapter 4 Materiality, Risk Assessment, and Internal Control
  Chapter 5 Audit Evidence
  Chapter 6 Completion and Review
  Chapter 7 Reporting
Module 2 Chapter 8 Specialised Areas
  Chapter 9 Related Services
  Chapter 10 Review of Financial Information
  Chapter 11 Prospective Financial Information and Other Assurance Services
  Chapter 12 Digital Auditing & Assurance
  Chapter 13 Group Audits
  Chapter 14 Special Features of Audit of Banks & Non-Banking Financial Companies
Module 3 Chapter 15 Overview of Audit of Public Sector Undertakings
  Chapter 16 Internal Audit
  Chapter 17 Due Diligence, Investigation & Forensic Accounting
  Chapter 18 Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance
  Chapter 19 Professional Ethics & Liabilities of Auditors

Paper 4: Direct Tax Lodge and International Taxation 

The syllabus for CA Final Paper 4: Direct Tax Lodge and International Taxation (May 2026 and Sept Examination) is divided into four modules, including a wide range of subjects on taxation, tax plans, international tax issues, and moral ideas.

CA Final Syllabus 2026 for Direct Tax Laws & International Taxation
Module Chapter Topic
Module 1 Chapter 1 Basic Concepts
  Chapter 2 Incomes that do not form part of Total Income
  Chapter 3 Profits and Gains of Business or Profession
  Chapter 4 Capital Gains
  Chapter 5 Income from Other Sources
  Chapter 6 Income of Other Persons included in Assessee’s Total Income
  Chapter 7 Aggregation of Income, Set Off or Carry Forward of Losses
  Chapter 8 Deductions from Gross Total Income
Module 2 Chapter 9 Assessment of Various Entities
  Chapter 10 Assessment of Trusts and Institutions, Political Parties, and Other Special Entities
  Chapter 11 Tax Planning, Tax Avoidance, and Tax Evasion
  Chapter 12 Taxation of Digital Transactions
Module 3 Chapter 13 Dedication, Collection, and Recovery of Tax
  Chapter 14 Income Tax Authorities
  Chapter 15 Assessment Procedure
  Chapter 16 Appeals and Revision
  Chapter 17 Dispute Resolution
  Chapter 18 Miscellaneous Provisions
  Chapter 19 Provisions to Counteract Unethical Tax Practices
  Chapter 20 Tax Audit and Ethical Compliance
Module 4 Chapter 21 Non-Resident Taxation
  Chapter 22 Double Taxation Relief
  Chapter 23 Advance Rulings
  Chapter 24 Transfer Pricing
  Chapter 25 Fundamentals of BEPS
  Chapter 26 Application and Interpretation of Tax Treaties
  Chapter 27 Overview of Model Tax Conventions
  Chapter 28 Latest Developments in International Taxation

Paper 5: Indirect Tax Laws

Courses for CA Final Paper 5: Indirect Tax Act (May 2026 and Sept 2026 applied to the examination) are divided into two parts: Goods and Services Tax (GST) and Customs and Foreign Trade Policy (FTP). Below is a structured table for the indirect tax law course:

CA Final Syllabus 2026 for Indirect Tax Laws
Module Chapter Topic
Part I: Goods and Services Tax (GST)
Module 1 Chapter 1 Supply under GST
  Chapter 2 Charge of GST
  Chapter 3 Place of Supply
  Chapter 4 Exemptions from GST
  Chapter 5 Time of Supply
  Chapter 6 Value of Supply
Module 2 Chapter 7 Input Tax Credit
  Chapter 8 Registration
  Chapter 9 Tax Invoice, Credit and Debit Notes
  Chapter 10 Accounts and Records; E-way Bill
  Chapter 11 Payment of Tax
  Chapter 12 Electronic Commerce Transactions
  Chapter 13 Returns
Module 3 Chapter 14 Import and Export Under GST
  Chapter 15 Refunds
  Chapter 16 Job Work
  Chapter 17 Assessment and Audit
  Chapter 18 Inspection, Search, Seizure, and Arrest
  Chapter 19 Demands and Recovery
  Chapter 20 Liability to Pay in Certain Cases
  Chapter 21 Offences and Penalties and Ethical Aspects under GST
  Chapter 22 Appeals and Revision
  Chapter 23 Advance Ruling
  Chapter 24 Miscellaneous Provisions
Part II: Customs & FTP
Module 4 Chapter 1 Levy of and Exemptions from Customs Duty
  Chapter 2 Types of Duty
  Chapter 3 Classification of Imported and Exported Goods
  Chapter 4 Valuation under the Customs Act, 1962
  Chapter 5 Importation and Exportation of Goods
  Chapter 6 Warehousing
  Chapter 7 Refund
  Chapter 8 Foreign Trade Policy

Paper 6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)

To address issues in the real-world case, the target is to analyze and integrate the concepts, rules, and provisions of corporate laws, accounting, audit, taxation, finance, and business strategy and management.

Summary

Get the latest CA final study material for the May 2026 effort. ICAI's study materials, practice manuals, and modification test letters (RTP) are the necessary resources for preparation. These materials cover all subjects, including strategic financial management, auditing, and corporate laws. Download or shop from ICAI's official website or authorized vendors to ensure authenticity and be updated with the latest course and exam pattern.

FAQs

What is the CA Final Study Material for May 2026?

CA Final Study Material for May 2026 refers to the official learning modules released by ICAI for students appearing in the May 2026 attempt. It covers all final level papers with an updated syllabus and exam-oriented content.

Who prepares the CA Final study material for May 2026?

The CA Final study material is prepared and published by the Institute of Chartered Accountants of India (ICAI), designed exactly to match the May 2026 syllabus requirements under the new education scheme.

Is the ICAI CA Final Study Material May 2026 available in PDF form?

Yes, ICAI study material for CA Final May 2026 is available for free download in PDF format on the Board of Studies portal on the official ICAI website.

What subjects are covered in the CA Final Study Material May 2026?

The CA Final study material covers all six papers: Financial Reporting, Advanced Financial Management, Advanced Auditing, Direct Tax Laws, Indirect Tax Laws, and Integrated Business Solutions.

How should I use the CA Final Study Material to prepare for May 2026?

Start with the ICAI modules to understand concepts; then practise examples, past papers, and RTP/MTP; finally, revise thoroughly before the exam to ensure full syllabus coverage.

Is the CA Final Study Material May 2026 updated with the new syllabus?

Yes. The study material is aligned with the new ICAI syllabus applicable for May 2026 exams, covering updated chapters and topics recommended by ICAI.

Should to-do ICAI study material or reference books for May 2026?

ICAI study material should be the priority because it is created by the exam-conducting institute. Reference books can be used for deeper understanding or extra practice.

Where can students download CA Final Study Material May 2026?

Students can download the CA Final Study Material May 2026 from the ICAI BoS knowledge portal under the ‘Final’ section by selecting the appropriate attempt and subject.

Does the ICAI study material include practice questions?

Yes. The ICAI study material for CA Final May 2026 includes examples, illustrations, and practice questions that help students apply concepts and practice application-oriented problems.

Is it necessary to complete the ICAI study material for May 2026 success?

Completing the ICAI study material is strongly recommended because it covers essentials and foundation concepts that examiners consistently target in CA Final papers.