Question papers & Analysis of CA Final (Old and New) May 2019 exams


27th May 2019 marks the beginning of the much awaited CA Final May 2019 exams. The question papers related to all the CA Final May 2019 exams will be available for download here.

Let's see the date sheet for the exams,

Paper

CA Final (Old)

CA Final (New)

Analysis

Paper-1
27th May 2019

Financial Reporting

Financial Reporting

CA Sumit Sarda- Expert Analysis

Paper-2
29th May 2019

Strategic Financial Management

Strategic Financial Management

Prof. Rahul Malkan - Expert Analysis
Paper-3
31st May 2019

Advanced Auditing and Professional Ethics

Advanced Auditing and Professional Ethics

CA Ravi Taori- Expert Analysis

Paper-4
4th June 2019

Corporate & Allied Laws

Corporate & Economic Laws

 

Paper-5
13th June 2019

Advanced Management Accounting

Strategic Cost Management & Performance Evaluation

 

Paper-6
7th June 2019

Information Systems Control & Audit

Elective Paper (International Taxation)

 

Paper-7
9th June 2019

Direct Tax Laws

Direct Tax Laws & International Taxation

 

Paper-8
11th June 2019

Indirect Tax

Indirect Tax

 

Paper 1: Financial Reporting 

The Financial Reporting paper was held on 27th May 2019 both for Old and New course.

Download CA Final Question paper - Financial Reporting (Old Syllabus)
Click here to download CA Final Financial Reporting (FR) Paper Old Course May 2019

Analysis of Financial Reporting Old syllabus:

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

Weightage

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 enroll for FR Fast Track (CA Final) subject of the author: Click here

Download CA Final Question paper - Financial Reporting (New Syllabus)
Click here to download CA Final Financial Reporting (FR) Paper New Course May 2019

Analysis of Financial Reporting 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.

Weightage

  • 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 enroll FR Fast Track (CA Final New) subject of the author: Click here

Paper 2: Strategic Financial Management

The Strategic Financial Management paper was held on 29th May 2019 both for Old and New course.

Download CA Final: Strategic Financial Management (Old Syllabus)
Click here to download CA Final Strategic Financial Management (SFM) Paper Old Course May 2019

Download CA Final question paper: Strategic Financial Management (New Syllabus)
Click here to download CA Final Strategic Financial Management (SFM) Paper New Course May 2019

Analysis of Strategic Financial Management paper:

  • Mix of Some very new and some repeat questions
  • Was Calculative and lengthy as compared to previous 2 attempts
  • Mostly all questions were based on fundamental concepts
  • Overall lengthy - but exemption was on the table

Q. No

Chapter

Marks

Comments

Q.1

A

Economic Value Added

8 Marks

New Question - Medium Level

B

Equity Valuation

8 Marks

Similar - Easy

C

National Pension Scheme

4 Marks

Theory

Q.2

A

Mergers

8 Marks

Similar - Easy

B

Equity

8 Marks

New - Medium

C

VAR

4 Marks

Theory - From SM

Q.3

A

Portfolio

8 Marks

Similar - Medium

B

Options - Derivatives

8 Marks

Repeat - Easy

C

Securitization

4 Marks

Theory - From SM

Q.4

A

Mutual Funds

8 Marks

Repeat - Easy - Lengthy

B

Equity

8 Marks

Repeat - Easy

C

Start up finance

4 Marks

Theory - From SM

Q.5

A

Futures - Derivatives

8 Marks

New - Easy

B

Forex

8 Marks

New - Medium

C

SME

4 Marks

Theory

Q.6

A

Forex / Derivative Hedging

8 Marks

Similar - Easy

B

Forex

8 Marks

New - Difficult

C

IFC

4 Marks

Theory

Note :
Question 1 - Compulsory
Question 2 to 6 - Any 4 questions

Chapter wise Marks Distribution

Sr No

Chapter

Marks

1

Equity Analysis and Valuations

32 Marks

2

Bonds Analysis and Valuations

Nil

3

Mergers and Acquisitions

8 Marks

4

Mutual Funds

12 Marks

5

Forex

24 Marks

6

Derivative

16 Marks

7

Risk, Return and Portfolio

8 Marks

8

Value at Risk

4 Marks

9

International Finance Management

Nil

10

International Finance Centre

4 Marks

11

Start up Finance

4 Marks

12

Securitization

4 Marks

13

Small and Medium Enterprise

4 Marks

Click here to download CA Final Strategic Financial Management (SFM) Paper Old Course May 2019
Click here to download CA Final Strategic Financial Management (SFM) Paper New Course May 2019

To enroll Strategic Financial Management (CA Final) subject of the author: Click here
To enroll Strategic Financial Management (CA Final New) subject of the author: Click here

Paper 3: Advanced Auditing & Professional Ethics:

The Advanced Auditing & Professional Ethics paper was held on 31st May 2019 both for Old and New course.

Download CA Final Question paper: Advanced Auditing & Professional Ethics (Old Syllabus)
Click here to download CA Final Advanced Auditing & Professional Ethics Paper Old Course May 2019

Download CA Final Question Paper: Advanced Auditing & Professional Ethics (New Syllabus)
Click here to download CA Final Advanced Auditing & Professional Ethics Paper New Course May 2019

Analysis of Audit Paper by CA Ravi Taori

After a tough SFM paper as understood from students feedback. Finally good news came for students in form of Audit paper. Audit has been killer subject over number of years, but it seems this time it's going to be a big winner. Students were able to solve MCQs with ease except some 4-5 odd ones. So students are expecting 20-25 marks from them. Descriptive paper was majorly from past papers, most of the questions were expected. GST audit was front runner to get award for most new questions, it is a new topic and ICAI is showing keen interest in it. Students should pay attention to this topic and do detailed studies.

I expect good marks to flow in audit in coming results. Let's hope checking is lenient with no goof-ups. 

Paper 4: Corporate & Allied Laws / Corporate & Economic Laws

The paper was held on 4th June 2019 both for Old and New course.

Download CA Final Question paper: Corporate & Allied Laws (Old Syllabus)
Click here to download CA Final Corporate & Allied Laws Paper Old Course May 2019

Download CA Final Question paper: Corporate & Economic Laws (New Syllabus)
Click here to download CA Final Corporate & Economic Laws Paper New Course May 2019

Paper 5: Advanced Management Accounting / Strategic Cost Management & Performance Evaluation

The paper was held on 13th June 2019 both for Old and New course.

Download CA Final Question paper: Advanced Management Accounting(Old Syllabus)
Click here to download CA Final Advanced Management Accounting Old Course May 2019

Download CA Final Question paper: Strategic Cost Management & Performance Evaluation(New Syllabus)
Click here to download CA Final Strategic Cost Management & Performance Evaluation New Course May 2019

Paper 6: Information Systems Control & Audit / Elective Paper

The paper was held on 7th June 2019 both for Old and New course.

Download CA Final Question paper: Information Systems Control & Audit (Old Syllabus)
Click here to download CA Final Information Systems Control & Audit Paper Old Course May 2019

Download CA Final Question paper: Elective Paper (New Syllabus)
Click here to download CA Final International Taxation Paper New Course May 2019

Paper 7: Direct Tax Laws

This paper was held on 9th June 2019 both for Old and New course.

Download CA Final Question paper: Direct Tax Laws (Old Syllabus)
Click here to download CA Final  Direct Tax Laws Old Course May 2019

Download CA Final Question paper: Direct Tax Laws & International Taxation (New Syllabus)
Click here to download CA Final  Direct Tax Laws & International Taxation New Course May 2019

Paper 8: Indirect Tax Laws

This paper was held on 11th June 2019 both for Old and New course.

Download CA Final Question paper: Indirect Tax Laws (Old Syllabus)
Click here to download CA Final  Indirect Tax Laws Old Course May 2019

Download CA Final Question paper: Indirect Tax Laws (New Syllabus)
Click here to download CA Final  Indirect Tax Laws New Course May 2019

To download all question papers of CA Final May'19 (Old / New) Syllabus - Click here

To view Past Years' Question paper click below:

CA Final Question Papers Nov 2018
CA Final Question Papers May 2018
CA Final Question Papers Nov 2017
CA Final Question Papers May 2017
CA Final Question Papers Nov 2016
CA Final Question Papers May 2016
CA Final Question Papers Nov 2015
CA Final Question Papers May 2015

More »


CCI Team 
on 28 May 2019
Published in Exams
Views : 31064
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