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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

  1. Financial Reporting
  2. Strategic Financial Management
  3. Advanced Auditing and Professional Ethics
  4. Corporate and Economic Law
Important Topics for CA Final (New) - Group 1

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

Unit 1: Ind AS 1: Presentation of Financial Statements

Unit 2: Ind AS 34: Interim Financial Reporting

Unit 3: Ind AS 7: Statement of Cash Flows

Chapter 3

Chapter 3: Ind AS on Liabilities of the Financial Statements

15%-25%

Unit 1: Ind AS 19: Employee Benefits

Unit 2: Ind AS 37: Provisions, Contingent Liabilities, and Contingent Assets

Chapter 4-5

Chapter 4: Ind AS on Items impacting the Financial Statements

15%-20%

Unit 1: Ind AS 12: Income Taxes

Unit 2: Ind AS 21: The Effects of Changes in Foreign Exchange Rates

Chapter 5: Ind AS on Disclosures in the Financial Statements

Unit 1: Ind AS 24: Related Party Disclosures

Unit 2: Ind AS 33: Earnings Per Share

Unit 3: Ind AS 108: Operating Segments

Chapter 6-7

Chapter 6: Business Combination and Corporate Restructuring

10%-20%

Chapter 7: Consolidated Financial Statements

Unit 1: Introduction to Consolidated Financial Statements

Unit 2: Important Definitions

Unit 3: Separate Financial Statements

Unit 4: Consolidated Financial Statements

Unit 5: Consolidated Financial Statements: Accounting of Subsidiaries

Unit 6: Joint Arrangements

Unit 7: Investment in Associates & Joint Ventures

Unit 8: Disclosures

Annexure

Chapter 8

Chapter 8: Accounting and Reporting of Financial Instruments

10%-20%

Unit 1: Financial Instruments: Scope and Definitions

Unit 2: Financial Instruments: Equity and Financial Liabilities

Unit 3: Classification and Measurement of Financial Assets and Financial Liabilities

Unit 4: Recognition and Derecognition of Financial Instruments

Unit 5: Derivatives and Embedded Derivatives

Unit 6: Disclosure

Unit 7: Hedge Accounting

Comprehensive Illustrations

Chapter 9-11

Chapter 9: Analysis of Financial Statements

5%-10%

Chapter 10: Integrated Reporting

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

Chapter 3-5

Chapter 3: Security Analysis

20%-30%

Chapter 9-11

Chapter 4: Security Valuation

Chapter 5: Portfolio Management

Chapter 9: Foreign Exchange Exposure and Risk Management

Chapter 10: International Financial Management

Chapter 11: Interest Rate Risk Management

Chapter 6-8

Chapter 6: Securitization

20%-25%

Chapter 7: Mutual Funds

Chapter 8: Derivatives Analysis and Valuation

Chapter 12-13

Chapter 12: Corporate Valuation

10%-15%

Chapter 13: Mergers, Acquisitions and Corporate Restructuring

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

Chapter 3: Risk Assessment and Internal Control

Chapter 4: Special Aspects of Auditing in an Automated Environment

Chapter 6: Audit Reports

Chapter 5, 7, 8,14

Chapter 5: Company Audit

15%-20%

Annexure: Schedule III to The Companies Act, 2013

Chapter 7: Audit Committee and Corporate Governance

Chapter 8: Audit of Consolidated Financial Statements

Chapter 14: Liabilities of Auditor

Chapter 9,10, 11,12

Chapter 9: Audit of Banks

15%-30%

Chapter 10: Audit of Insurance Company

Chapter 11: Audit of Non-Banking Financial Companies

Chapter 12: Audit under Fiscal Laws

Chapter 13, 14, 15, 16, 17

Chapter 13: Audit of Public Sector Undertakings

10%-20%

Chapter 14: Liabilities of Auditor

Chapter 15: Internal Audit, Management and Operational Audit

Chapter 16: Due Diligence, Investigation and Forensic Audit

Unit 1: Due Diligence

Unit 2: Investigation

Unit 3: Forensic Audit

Chapter 17: Peer Review and Quality Review

Unit 1: Peer Review

Unit 2: Quality Review

Chapter 18

Professional Ethics

10%-15%

 

4. Corporate and Economic Laws

Sections

Units

Weightage

Part -I Corporate Laws

 

Section A Companies Law

 

i

(i)Appointment and Qualification of Directors

30%-35%

(ii)Appointment and remuneration of Managerial Personnel

(iii) Meetings of Board and its powers

ii

(iv) Inspection, Inquiry, and Investigation

15%-20%

(v) Compromises, Arrangements, and Amalgamations

(vi) Prevention of Oppression and Mismanagement

iii

(vii) Winding Up

25%-40%

(viii) Companies incorporated outside India

(ix) Miscellaneous Provisions

(x) Adjudication and Special Courts

(xi) National Company Law Tribunal and Appellate Tribunal

 

(xii) Corporate Secretarial Practices- Drafting of Notices, Resolutions, Minutes and Reports

 

Section B Securities Law

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

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

iv

5. The Insolvency and Bankruptcy Code, 2016- Preliminary and Corporate insolvency resolution process.

20%-30%

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