If you ask what are the important topics in each subject of CA Final (New) - Group 1, people might list out some of the topics. But in reality to secure good marks and clear the exams, all topics are important and not a single topic can be ignored. However, based on the weightage allotted to each topic, one can determine which topic should be given more priority. Through this article, let me provide you with those details.
CA Final (New) - Group 1 consists of four papers
- Financial Reporting
- Strategic Financial Management
- Advanced Auditing and Professional Ethics
- Corporate and Economic Law
1. Financial Reporting
|
Chapter |
Units |
Weightage |
|
Chapter 1-2 |
Chapter 1: Framework for Preparation and Presentation of Financial Statements |
10%-15% |
|
Chapter 2: Ind AS on Presentation of Items in the Financial Statements |
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Unit 1: Ind AS 1: Presentation of Financial Statements |
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Unit 2: Ind AS 34: Interim Financial Reporting |
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Unit 3: Ind AS 7: Statement of Cash Flows |
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Chapter 3 |
Chapter 3: Ind AS on Liabilities of the Financial Statements |
15%-25% |
|
Unit 1: Ind AS 19: Employee Benefits |
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Unit 2: Ind AS 37: Provisions, Contingent Liabilities, and Contingent Assets |
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Chapter 4-5 |
Chapter 4: Ind AS on Items impacting the Financial Statements |
15%-20% |
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Unit 1: Ind AS 12: Income Taxes |
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Unit 2: Ind AS 21: The Effects of Changes in Foreign Exchange Rates |
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Chapter 5: Ind AS on Disclosures in the Financial Statements |
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Unit 1: Ind AS 24: Related Party Disclosures |
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Unit 2: Ind AS 33: Earnings Per Share |
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Unit 3: Ind AS 108: Operating Segments |
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Chapter 6-7 |
Chapter 6: Business Combination and Corporate Restructuring |
10%-20% |
|
Chapter 7: Consolidated Financial Statements |
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Unit 1: Introduction to Consolidated Financial Statements |
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Unit 2: Important Definitions |
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Unit 3: Separate Financial Statements |
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Unit 4: Consolidated Financial Statements |
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Unit 5: Consolidated Financial Statements: Accounting of Subsidiaries |
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Unit 6: Joint Arrangements |
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Unit 7: Investment in Associates & Joint Ventures |
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Unit 8: Disclosures |
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Annexure |
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|
Chapter 8 |
Chapter 8: Accounting and Reporting of Financial Instruments |
10%-20% |
|
Unit 1: Financial Instruments: Scope and Definitions |
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Unit 2: Financial Instruments: Equity and Financial Liabilities |
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Unit 3: Classification and Measurement of Financial Assets and Financial Liabilities |
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Unit 4: Recognition and Derecognition of Financial Instruments |
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Unit 5: Derivatives and Embedded Derivatives |
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Unit 6: Disclosure |
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Unit 7: Hedge Accounting |
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|
Comprehensive Illustrations |
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|
Chapter 9-11 |
Chapter 9: Analysis of Financial Statements |
5%-10% |
|
Chapter 10: Integrated Reporting |
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|
Chapter 11: Corporate Social Responsibilities |
2. Strategic Financial Management
|
Chapter |
Topic |
Weightage |
|
Chapter1-2 |
Chapter 1: Financial Policy and Corporate Strategy |
5%-10% |
|
Chapter 2: Risk Management |
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|
Chapter 3-5 |
Chapter 3: Security Analysis |
20%-30% |
|
Chapter 9-11 |
Chapter 4: Security Valuation |
|
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Chapter 5: Portfolio Management |
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Chapter 9: Foreign Exchange Exposure and Risk Management |
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Chapter 10: International Financial Management |
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Chapter 11: Interest Rate Risk Management |
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|
Chapter 6-8 |
Chapter 6: Securitization |
20%-25% |
|
Chapter 7: Mutual Funds |
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Chapter 8: Derivatives Analysis and Valuation |
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|
Chapter 12-13 |
Chapter 12: Corporate Valuation |
10%-15% |
|
Chapter 13: Mergers, Acquisitions and Corporate Restructuring |
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|
Chapter 14 |
Chapter 14: Startup Finance |
5%-10% |
3. Advanced Auditing and Professional Ethics
|
Chapter |
Topics |
Weightage |
|
Chapter 1-4,6 |
Chapter 1: Auditing Standards, Statements and Guidance Notes – An Overview |
25%-40% |
|
Chapter-2: Audit Planning, Strategy and Execution |
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Chapter 3: Risk Assessment and Internal Control |
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Chapter 4: Special Aspects of Auditing in an Automated Environment |
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|
Chapter 6: Audit Reports |
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|
Chapter 5, 7, 8,14 |
Chapter 5: Company Audit |
15%-20% |
|
Annexure: Schedule III to The Companies Act, 2013 |
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Chapter 7: Audit Committee and Corporate Governance |
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Chapter 8: Audit of Consolidated Financial Statements |
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Chapter 14: Liabilities of Auditor |
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|
Chapter 9,10, 11,12 |
Chapter 9: Audit of Banks |
15%-30% |
|
Chapter 10: Audit of Insurance Company |
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Chapter 11: Audit of Non-Banking Financial Companies |
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|
Chapter 12: Audit under Fiscal Laws |
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|
Chapter 13, 14, 15, 16, 17 |
Chapter 13: Audit of Public Sector Undertakings |
10%-20% |
|
Chapter 14: Liabilities of Auditor |
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Chapter 15: Internal Audit, Management and Operational Audit |
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Chapter 16: Due Diligence, Investigation and Forensic Audit |
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Unit 1: Due Diligence |
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Unit 2: Investigation |
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Unit 3: Forensic Audit |
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Chapter 17: Peer Review and Quality Review |
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Unit 1: Peer Review |
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Unit 2: Quality Review |
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|
Chapter 18 |
Professional Ethics |
10%-15% |
4. Corporate and Economic Laws
|
Sections |
Units |
Weightage |
|
Part -I Corporate Laws |
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|
Section A Companies Law |
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|
i |
(i)Appointment and Qualification of Directors |
30%-35% |
|
(ii)Appointment and remuneration of Managerial Personnel |
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(iii) Meetings of Board and its powers |
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|
ii |
(iv) Inspection, Inquiry, and Investigation |
15%-20% |
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(v) Compromises, Arrangements, and Amalgamations |
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(vi) Prevention of Oppression and Mismanagement |
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|
iii |
(vii) Winding Up |
25%-40% |
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(viii) Companies incorporated outside India |
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(ix) Miscellaneous Provisions |
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(x) Adjudication and Special Courts |
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(xi) National Company Law Tribunal and Appellate Tribunal |
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(xii) Corporate Secretarial Practices- Drafting of Notices, Resolutions, Minutes and Reports |
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Section B Securities Law |
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|
iv |
1. The Securities Exchange Board of India Act, 1992 and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. |
15%-20% |
|
Part-II Economic Laws |
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|
i |
1. The Foreign Exchange Management Act, 1999 (FEMA) |
20%-30% |
|
ii |
2. The Prevention of Money Laundering Act, 2002 (PMLA) |
20%-30% |
|
iii |
3. The Foreign Contribution Regulation Act, 2010 – Definitions, Regulation of Foreign contribution and miscellaneous provisions |
20%-30% |
|
4. The Arbitration and Conciliation Act, 1996- General Provisions, Arbitration agreement, Tribunal, Conciliation |
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|
iv |
5. The Insolvency and Bankruptcy Code, 2016- Preliminary and Corporate insolvency resolution process. |
20%-30% |
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