What is the CA Final Group 1 and Group 2?

The CA Final Group 1 and Group 2 structure allows candidates to choose whether to appear for one group at a time or both groups together. Successful completion of both groups is necessary to qualify as a Chartered Accountant. Please note that curriculum structures and subjects may be updated, so it's advisable to check the latest official announcements from the Institute of Chartered Accountants of India (ICAI).

Here's an overview of CA Final Group 1 and Group 2:

Group 1:

1. Paper 1: Financial Reporting (FR)

   • This paper covers advanced concepts in financial reporting, including accounting standards, corporate financial reporting, and accounting for various entities.

2. Paper 2: Strategic Financial Management (SFM)

   • SFM focuses on strategic financial decision-making, financial policy, and risk management. It includes topics such as capital budgeting, working capital management, and financial derivatives.

3. Paper 3: Advanced Auditing and Professional Ethics (AAPE)

   • Advanced Auditing and Professional Ethics cover advanced auditing techniques, professional ethics, and regulatory aspects. It includes topics such as audit planning, forensic audit, and professional ethics.

4. Paper 4: Corporate and Economic Laws (CEL)

   • This paper is divided into two sections. The Corporate Laws section covers company law, securities laws, and corporate restructuring. The Economic Laws section includes topics related to economic legislation.

Group 2:

5. Paper 5: Strategic Cost Management and Performance Evaluation (SCMPE)

   • SCMPE integrates strategic cost management and performance evaluation. It includes topics such as cost management, performance measurement, and decision-making.

6. Paper 6: Elective Paper (One to be chosen from the list of electives)

   • Candidates can choose one elective paper from a list of options based on their interests and career goals. Elective papers cover specialized areas such as risk management, international taxation, financial services, and more.

7. Paper 7: Direct Tax Laws and International Taxation (DTL&IT)

   • DTL&IT covers domestic tax laws and international taxation. It includes topics such as income tax, wealth tax, and transfer pricing.

8. Paper 8: Indirect Tax Laws (ITL)

   • ITL covers indirect taxes, including goods and services tax (GST), customs and excise duties, and service tax.

Candidates have the flexibility to choose whether to appear for both groups together or take one group at a time. The CA Final examinations are typically conducted twice a year, in May and November.

It's crucial for candidates to stay updated with any changes in the curriculum and examination pattern by checking the official announcements from ICAI. Always refer to the latest information provided by ICAI for the most accurate and current details regarding the CA Final Group 1 and Group 2 structure.