CA Final Study Material Sept 2025, ICAI Latest Updates

Download updated CA Final Study Material Sept 2025. Get ICAI modules, practice manuals, and expert notes in one place to level up your preparation. Boost your preparation.

Students, are you looking for ICAI CA final study material Sept 2025? 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 2025 for new courses. The CA final study material provided in this article applies to the PDF Sept 2025 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 May/Sept 2025. 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 Sept 2025 

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

CA Final Syllabus May 2025
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 Sept 2025 for Both Groups and Elective Papers

Ace your overall notes and alternative letters with your CA final 2025 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 2025: 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 Sept 2025

Paper 1:  Financial Reporting

CA Final Paper 1 - Syllabus - Financial Reporting (Sept 2025) 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 2025 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 2025 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 2025 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 2025 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 2025 and November 2025 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 2025 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 2025 and November 2025 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 2025 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 September 2025 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

Is CA Final tough?

Yes, the CA final is widely considered the most challenging stage of the chartered accountancy course. It is known for its huge course, demand for subjects, and pressure to maintain information from many areas of study.

What is CA salary in India?

In India, the salary of a chartered accountant (CA) varies on the basis of experience, skills, industry and location, but usually ranges from 6 to 10 million per year for freshers and can reach ₹ 20 to ₹ 25 lakh per year for experienced professionals. Experienced CAs, especially in senior roles or running their own firms, can earn more, possibly reaching ₹ 80 lakh to ₹ 2 crore per year.

Who is the richest CA in India?

The richest chartered accountant (CA) in India is considered Kumar Mangalam Birla. He is the president of Aditya Birla Group and a billionaire businessman. While many CAs have achieved significant success, Birla's money and business undertakings make him the most prosperous CA in India.

How to pass CA Final exam?

To clear the CA final exam, students should focus on full preparation, regular revision, and effective practice. This involves completing the course, solving mock tests, and analyzing weak areas to improve speed and accuracy.

Will the CA Foundation syllabus change in 2025?

Yes, there have been changes in the CA Foundation Syllabus for the May 2025 examination, but not completely in the sense of adding new subjects. The main subjects (accounting, law, mathematics and statistics, and economics) remain, but the material and structure have been modified and updated.

How many years to complete CA?

It takes about 4.5 to 5 years, including Foundation, Intermediate, and Final Level, to complete the Chartered Accountancy (CA) course, as well as compulsory articleship.

Is CA Final easy to crack?

The CA final exam is widely considered a very challenging exam, often described as the most difficult phase of chartered accountancy course. The pass rate is usually low, in which many students require several efforts to vacate the examination.

Does CA have value in future?

Yes, a CA qualification holds an important value, and a strong career route remains, especially in India, with the growing economy and increasing requirement for financial expertise. From auditing and taxation to financial management and counseling, a CA is in demand in various fields.

Who is the youngest CA in India?

Nandini Aggarwal of Morena, Madhya Pradesh, is the youngest chartered accountant (CA) in India and has a Guinness World Record for the same. He achieved this feat at the age of 19, securing All India Rank 1 in the CA Final Examination in 2021.

How to self-study CA Final?

To successfully self-study for the CA final exam, focus on making a structured plan, dedicate enough time for study and revision, regularly practice with previous papers and mock tests, and actively engage with your study material and peers. It is also important to stay healthy and manage stress effectively.