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Analysis of Financial Reporting (CA Final - Old / New) Paper May'19

CA Sumit Sarda 
on 31 May 2019


Analysis of FR CA Final Old syllabus paper:

The paper has been lengthy and compared to the previous 2 attempts has been difficult. This time ICAI asked questions in which concepts related to 2 different questions were merged together


1.  Accounting Standards, Guidance notes and Financial Instruments: 64 marks

After a long time, ICAI asked questions on related party disclosures and Operating segments, which were relatively simple. Overall questions were not difficult and students could easily score there marks

2.  Ind AS: 8 marks

Question was theory based and easy to answer on the basis of differences studied by students

3. Amalgamation: 16 marks

Question on cross-holding, though unexpected but question had no adjustments and easy to solve for those who had studied cross holding

4.  Consolidation: 16 marks

Question on a different financial year ending date was asked, similar questions in ICAI module were even more difficult than asked in the exam, but there seem to be some typing error related to cash adjustments in the question

5.  Valuation: 8 marks

Market valuation question was easy to solve but too lengthy and deserved more marks

6. Other chapters: 20 marks

Questions on VAS, Mutual fund, NBFC and CSR, directly from the book asked questions

Click here to download CA Final Financial Reporting (FR)  Old Course May 2019 Question Paper
To enrol FR Fast Track (CA Final) subject of the author: Click here

Analysis of FR CA Final New syllabus paper:

This was the easiest paper asked till now, each and every question directly from the module, Ind AS is comparatively very vast and this attempt it was expected that some concept based questions will be asked, but ICAI has kept it simple maybe because the syllabus is very vast.


  • Analysis of Financial Statements: 16 marks
  • Business Combination and Consolidation: 35 marks
  • Revenue recognition: 5 marks, the amended new standard a question was expected asked straight from the module
  • Financial Instruments: 12 marks (with a little confusing point on what is the face value of preference shares)
  • Share-based payments: 8 marks
  • Accounting Standards: 8 marks
  • Other Ind AS: 23 marks
  • Other Chapters: 16 marks

Comparatively paper was easy and students I don't feel would have face any difficulty

Click here to download CA Final Financial Reporting (FR) New Course May 2019 Question Paper
To enrol FR Fast Track (CA Final New) subject of the author: Click here

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