CA Final Syllabus May 2025, Check Paper-wise Subjects & Syllabus

The ICAI has established the 2025 CA Final Syllabus. It is divided into two groups and six subjects. Check the paper-wise CA Final Syllabus.

The Institute of Chartered Accountants of India (ICAI) has established the ICAI CA syllabus 2025. The CA Final syllabus May 2025 covers a wide range of subjects, including company law, auditing, and taxes. To be a certified chartered accountant, candidates are required to pass all papers of both groups of the CA Final examination.  

Whereas the syllabus for all CA course levels is large and difficult, the syllabus of the CA Final is deemed most strenuous. The exam usually gets cleared by the candidates on 3-4 attempts, and the pass ratio is very poor, about 25%.

CA Final Syllabus 2025 

Students must adhere to the modified CA Final syllabus and subjects for 2025, which have been updated by ICAI. You can check the relevant page or go to the BoS Knowledge portal on the official ICAI website to view the updated curriculum and subjects for the CA Final Exams. 

The six subjects that make up the ICAI CA Final Syllabus 2025 are divided into two categories. These topics include advanced auditing, company law, cost control, taxation, management, and financial reporting. In the CA Final Course, each paper is worth 100 points.

To pass the tests, students need to receive at least 40% in each topic and a total cumulative score of 50% in all CA Final subjects. One must prepare carefully, revise extensively, and finish a sufficient number of CA Final papers, including MTPs and RTPs, in order to get the best scores possible on the May 2025 tests. 

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Highlights CA Final Syllabus May 2025 

Examine the updated CA Final curriculum in accordance with the most recent ICAI scheme. It includes eight papers split into two groups that cover advanced financial reporting, strategic financial management, and other topics.

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

CA Final New Syllabus for May 2025 

Six subjects make up the new CA Final syllabus under the new ICAI structure. The following is a list of the extensive topics and subtopics covered in each of the CA Final New Scheme subjects. 

Paper 1: Financial Reporting

Various Indian Accounting Standards (Ind AS), financial reporting, business combinations, and the ethical obligations of chartered accountants are all covered in the syllabus for CA Final Paper 1-Financial Reporting (applicable for the May 2025 examination & forward). An organized table for the Financial Reporting course may be seen below:

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 second paper, Advanced Financial Management (Applicable for May 2025 Exam), covers risk management, security analysis, advanced capital budgeting decisions, and financial valuation. Below is a structured table for the 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

Three modules make up Advanced Auditing, Assurance, and Professional Ethics (Applicable for May 2025 Exam), which covers a variety of auditing topics, professional ethics, and auditing specialties. An organized table for the Advanced Auditing, Assurance, and Professional Ethics curriculum may be found below:

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 Laws & International Taxation

The four modules of Direct Tax Laws & International Taxation cover a variety of topics, from taxation, tax planning, international tax issues, and ethical concerns. Following is a systematic table for the Direct Tax Laws & International Taxation syllabus:

CA Final Syllabus 2025 for Direct Tax Laws & International Taxation
Module Chapter Topic
Module 1 Chapter 1 Basic Concepts
  Chapter 2 Incomes which 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 Deduction, 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 Compliances
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

The two sections of the syllabus for CA Final Paper 5: Indirect Tax Laws are Customs & Foreign Trade Policy (FTP) and Goods and Services Tax (GST). A structured table for the curriculum on indirect tax laws may be found below:

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 Export 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 (Multi-Disciplinary Case Study With Strategic Management) 

The objective is to examine and combine the principles, regulations, and provisions of corporate law, accounting, auditing, taxation, finance, and business strategy and management to address problems in real-world case situations.

Section A: Corporate and Economics Laws

Syllabus Modules Chapters
Module-1 Section A: Company Law
  Chapter 1: Appointment and Qualification of Directors
  Chapter 2: Appointment and Remuneration of Managerial Personnel
  Chapter 3: Meetings of Board and Its Powers
  Chapter 4: Inspection, Inquiry and Investigation
  Chapter 5: Compromises, Arrangements and Amalgamations
  Chapter 6: Prevention of Oppression and Mismanagement
  Chapter 7: Winding Up
  Chapter 8: Miscellaneous Provisions
  Chapter 9: Adjudication, Special Courts, National Company Law Tribunal & National Company Law Appellate Tribunal
  Chapter 10: e-Filing
Module-2 Section B: Securities Laws
  Chapter 1: SEBI Act, 1992; SEBI (LODR) Regulations, 2015, SEBI (ICDR) Regulations, 2018, SEBI (SAST) Regulations, 2011 and SEBI (PIT) Regulations, 2015
  Part II: Economic Laws
  Chapter 1: The Foreign Exchange Management Act, 1999
  Chapter 2: The Foreign Contribution Regulation Act, 2010
  Chapter 3: The Insolvency and Bankruptcy Code, 2016

Section B: Strategic Cost and Performance Management

Syllabus Modules Chapters
Module-1
(Strategic Cost Management)		 Chapter 1: Introduction to Strategic Cost Management
  Chapter 2: Modern Business Environment
  Chapter 3: Lean System and Innovation
  Chapter 4: Specialist Cost Management Techniques
  Chapter 5: Management of Cost Strategically for Emerging Business Models
  Chapter 6: Strategic Revenue Management
  Chapter 7: Strategic Profit Management
Module-2
(Strategic Performance Management)		 Chapter 8: An Introduction to Strategic Performance Management
  Chapter 9: Strategic Performance Measures in Private Sector
  Chapter 10: Strategic Performance Measures in the Non-for-Profit Organisations
  Chapter 11: Preparation of Performance Reports
  Chapter 12: Divisional Transfer Pricing
  Chapter 13: Standard Costing
  Chapter 14: Case Study

CA Final Exam Pattern May 2025

Students need to be aware of the CA test pattern after they have studied the CA Final syllabus and courses. It will assist with creating the study schedule. To find out the CA Final test pattern for May 2025, consult the table.

CA Final Details
Mode of exam Pen-and-paper-based exam
Medium of exam Hindi and English
Duration of exam 3 hours for each paper
Total number of groups 2
Types of questions Subjective and Objective
Exam-conducting body ICAI
Total number of papers 6 as per both the old and new syllabus
Frequency 3 Times
Marking scheme 100 marks for each paper
Negative marking No negative marking for wrong answers

Preparation Tips for CA Final Syllabus 2025

CA Final is one of the toughest milestones in the path to becoming a Chartered Accountant. With the 2025 syllabus bringing new concepts and regulations, it's important to follow a well-planned preparation strategy. Here are some key tips to assist you in acing the CA Final exams.

  • Read the syllabus carefully: The very first step towards becoming well-prepared is familiarity with the whole syllabus. The syllabus of CA Final for 2025 is updated to meet changing financial and regulatory paradigms. Read the ICAI study material and grasp the importance of every subject in various subjects.
  • Make a Realistic Study Schedule: A scheduled study plan is the key to covering all subjects efficiently. Schedule time according to the weightage of subjects and your understanding of the concepts. Give more priority to subjects with higher weightage and revise regularly.
  • Refer to ICAI Study Material and RTPs: ICAI study guides, Revision Test Papers (RTPs), and Mock Test Papers (MTPs) are essential study materials. They offer knowledge of exam trends and common questions. Practice previous year's papers to learn the marking scheme and enhance time management.
  • Emphasis on Conceptual Clarity: Memorization will not assist during CA Final exams. Emphasize understanding the concepts, particularly for subjects such as financial reporting, strategic financial management, and direct & indirect taxation. Use practical examples to understand tough topics properly.
  • Practice Answer Writing: CA Final exams require not just knowledge but also the skill to write your answers clearly and concisely. Write practice answers for theory and practical subjects regularly to increase speed and accuracy.

Summary

In this article, you have learned about the CA Final syllabus and topics and also about the marking scheme of papers. To pass the exams, you must be well-versed with the CA Final Law syllabus, CA Final SFM syllabus, CA Final Costing syllabus, and others. Familiarity with the syllabus will better assist in preparation. Further, since the CA Final Syllabus is extremely wide, students need to make a study plan to finish it within time.

FAQs

What are the 6 papers in CA Final?

Financial Reporting, Advanced Financial Management, Advanced Auditing, Assurance and Professional Ethics, Direct Tax Laws & International Taxation, Indirect Tax Laws, and Integrated Business Solutions are the six papers that make up the CA Final exam, as per the new ICAI plan.

Will the CA syllabus change in 2025?

Yes, the CA syllabus will change in 2025, especially for the Intermediate and Final levels. The ICAI announced the new intermediate-level syllabus on July 1, 2023, and the first exam based on the new syllabus was held in May 2024.

Is CA Final tough?

Yes, the CA Final Exam is often regarded as one of the most difficult and demanding phases of the Chartered Accountancy course, requiring a great deal of commitment and study.

Is CA Final group 1 easy?

No, CA Final Group 1 is renowned for being difficult and is typically seen as not being easy. The exam has a low pass rate and is quite competitive; therefore, preparation must be planned and focused.

What is the hardest subject in CA?

Although opinions on the difficulty of CA subjects vary, the most difficult subjects in the CA Intermediate and Final stages are frequently identified as Audit and Enterprise Risk Management (EISSM) and Direct Tax & Indirect Tax Laws, respectively.

Can I pass CA in 3 years?

After graduating, the CA program can be finished in three years through the direct admission program; however, individuals who enroll after Class 12 usually need to complete the required articleship and take tests for 4.5 to 5 years.

Is CA harder than IIT?

Because of its lengthy syllabus, demanding exams, and requirement for profound conceptual understanding, as well as the time commitment needed for the articleship period, CA is frequently seen as being more challenging.

Is CA very stressful?

Yes, obtaining a Chartered Accountancy (CA) degree and working in the field itself can be extremely taxing due to intense coursework, long hours, and difficult tests. If not properly managed, this can result in burnout.

What is a salary of CA monthly?

The average monthly salary for a Chartered Accountant (CA) in India varies based on experience, location, and industry. Fresh CAs can earn around ₹50,000-₹70,000 per month, while experienced CAs can earn up to ₹2-3 lakhs per month.

Who is the youngest CA in India?

Narayanam Nischal. The youngest chartered accountant in India and a child prodigy is Nischal Narayanam. At the age of 19, he graduated from Osmania University in Hyderabad with a postgraduate degree in mathematics and business.