CA Final Test Series Plans

CA Final Course & It's Importance

The CA Final course is significant because it offers students with the knowledge and abilities, they need to become effective Chartered Accountants. Because, CAs play an important role in the Indian economy, assisting firms to comply with financial requirements and make informed financial decisions. They also play a crucial role in the prevention and detection of fraud and financial irregularities. Also the course teaches advanced understanding in areas like auditing, taxation, financial management, and corporate regulations. Here are some of the specific ways in which the CA Final course is significant for students:

  • Personal development: The CA Final course is a tough course that helps students strengthen their critical thinking, problem-solving, and analytical skills. It also helps pupils strengthen their communication and interpersonal skills.
  • Greater career growth: The CA Final course gives students with the foundation they need to further their careers in accounting, auditing, finance, and other related industries.
  • Increased career opportunities: CAs are in high demand in a variety of industries, and the CA Final course equips students with the information and skills they need to be successful in the labor market.

If you are seeking a career after CA Final course in accounting, finance, or a related sector, Bhagya Achiever CA Final Mock exam series is the ideal approach to prepare for success.

CA Final Test Series

CA Final course is the last and most advanced level of the Chartered Accountancy curriculum given by the ICAI. It is designed to examine the overall knowledge and skills of candidates in different elements of accounting, finance, taxation, and auditing. It equips candidates with in-depth knowledge and expertise. Becoming a CA is a significant achievement and is highly acknowledged in the field of finance and accounting. CA Final is the last step toward gaining this recognition. Here's a summary of CA Final Test Series and its importance :

  • Subjects Structure: The CA Final course comprises of two groups of subjects. Candidates must pass both sets to qualify for the CA Final test. : There are 6 papers in Final Course which are as under :
    • Group I :
    1. Paper 1: Financial Reporting (100 marks)
    2. Paper 2: Advanced Financial Management (100 marks)
    3. Paper 3: Advanced Auditing, Assurance and Professional Ethics (100 marks)
    • Group II:
    1. Paper 4: Direct Tax Laws & International Taxation (100 marks)
    2. Paper 5: Indirect Tax Laws (100 marks)
    3. Paper 6: Integrated Business Solutions (100 marks)​​​​​​​
  • Exam Date and Pattern: The CA Final exam is held twice a year, in May and November. Each paper in the CA Final exam is a three-hour paper, carrying 100 marks. There will be 30% case scenario/ casestudy based MCQs and 70% descriptive questions in all the six papers of Final Examination.
  • Passing Criteria of the Ca final exam: To pass the CA Final exam, students must secure a minimum of 40% marks in each paper and an aggregate of 50% marks in all papers of each of the groups. 

​​​​​​​​​​​​​​​​​​​​​​​​​​​​For example, to pass Group I of the CA Final exam, students must secure a minimum of 40% marks in each of the four papers and an aggregate of 50% marks in all four papers. If a student fails to secure 40% marks in any paper, they will have to retake that paper in the next attempt. If a student fails to secure 50% aggregate marks in a group, they will have to retake all of the papers in that group in the next attempt. Students have a maximum of seven years to clear both groups of the CA Final exam. After seven years, students will have to start the CA Final exam again from scratch.

  • ​​​​​​​Eligibility for CA Final Course: The CA Final course requires students to have passed the CA Intermediate course and completed 2 years of article ship training under a professional chartered accountant in order to be eligible.
  • Employment prospects: After finishing the CA Final course, applicants can pursue a wide range of employment prospects, including:​​​​​​​
  1. Accountant
  2. Auditor
  3. Taxation consultant
  4. Financial analyst
  5. Financial manager
  6.  Investment banker
  7. Management consultant
  8. Corporate controller
  9. Chief financial officer (CFO)​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

CA Final :Mock Test Series

Bhagya Achiever is dedicated to giving the greatest CA Final Mock Test Series, specially crafted to support aspiring CAs on their route to success. Our expertly prepared mock tests are the product of intensive research and industry expertise, ensuring that they truly reflect the challenges and intricacies of the genuine CA Final exams. Join us on the path to professional excellence, and let our Best CA Final Mock Test Series be your trusted companion in achieving a bright future in the field of chartered accountancy.

  • Experienced and qualified faculty: Bhagya Achievers have experienced and qualified faculty members who have a comprehensive understanding of the CA syllabus and exam pattern. They can provide students with the guidance and support they need to succeed in the exam.
  • Comprehensive study material: Bhagya Achievers give students with comprehensive study material that covers all of the areas that are likely to be tested on the CA exam. This study material is normally developed by experienced faculty members and is updated regularly to reflect changes in the CA syllabus and exam schedule.
  • Mock tests and practice papers: Bhagya Achievers supply students with Different mock test series plans and practice papers that are identical to the actual CA exam.This helps students practice answering questions in timed settings and become acclimated to the format of the exam.

  • Doubt clearing sessions: Bhagya Achievers often conduct doubt clearing sessions where students can get their doubts cleared by qualified faculty members. This helps students to address their doubts and to understand the subjects better.

As a result of all of the above aspects, Bhagya Achievers is capable of delivering 100% positive results to their students. However, it is vital to note that the success rate of a , Bhagya Achievers also depends on the students themselves. If students are prepared to put in the hard work and dedication, they can succeed in the CA exam, regardless of which Bhagya Achievers they choose.

Mock Test Series : Importance during preparation

Mock test series are particularly useful during preparation of the CA Final course for the following reasons:

  • Help to assess your preparation level: Mock test series are designed to be similar to the actual CA Final exam. By taking mock tests, you can obtain a solid sense of your skills and limitations, and determine the areas where you need to focus your studies.
  • To grasp exam format: Mock test series are typically meant to be in the same format as the actual CA Final exam. This will enable you to acquaint yourself with the types of questions that are likely to be asked and the way in which the exam is constructed.
  • lessen exam anxiety: Taking mock exams will allow you to get adjusted to the exam environment and to lessen your nervousness on the day of the actual exam.
  • Track Progress: You can track your progress by comparing your scores in different mock tests. Over time, you should see improvement, which is a motivating element.
  • Syllabus Coverage: Mock test series typically cover the complete syllabus, ensuring that you don't miss out on any crucial topics.

Mock Test Series : Distinct Plans

CA Final : Chapter Wise Test Series

Our CA Final Chapter Wise Test Series, designed to boost your chartered accountancy preparation to new heights. We understand that the CA Final examinations are a crucial milestone in your professional journey, and we're here to give you with the most effective, chapter-specific practice to assure your success.There are several reasons why so many students choose to take chapter-wise test series:

  • Complete Coverage: Our exam series covers each CA Final chapter in depth, helping you to grasp every idea, standard, and rule. We ensure that no topic is left neglected.

  • Customized Learning: Tailor your practice by selecting specific chapters or themes that demand additional attention. Our chapter-wise approach allows you to focus on your areas of improvement.
  • Realistic Exam Experience: Our mock exams mirror the CA Final exam atmosphere, helping you become acquainted to the exam style, time management, and question patterns.
  • Regular Updates: We maintain our information up-to-date with the newest modifications and changes in CA Final curriculum, ensuring that your preparation remains relevant.
  • Progress Tracking: Monitor your performance over time, track your strengths and weaknesses, and fine-tune your study schedule accordingly.

How It Works:

  • Choose the precise chapter or subject you want to practice. 
  • Take the chapter-wise mock test under timed settings. 
  • Upload your answer into the dashboard for review. 
  • Analyze your performance with the help of evaluator remark and obtained marks and focus on areas that need improvement.

Our CA Final Chapter Wise Test Series is the key to unlocking your potential and achieving success in the CA Final exams. Whether you're a first-time taker or looking to improve your score, our platform provides the resources and support you need to excel. Take the first step towards your CA Final success and join our growing community of future chartered accountants.

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CA Final : Detailed Exam Test Series 

At Bhagya Achiever, we are committed to helping CA Final aspirants like you reach the pinnacle of success in the world of Chartered Accountancy. Our CA Final Detailed Test Series Plan has been meticulously crafted to empower you with the knowledge, skills, and confidence you need to ace your CA Final exams. There are some reasons why students choose to take our CA Final Detailed Exam Test Series:

  • Comprehensive Coverage: Our CA Final Detailed Test Series Plan is built on the foundation of a comprehensive curriculum that leaves no stone unturned. We understand the complexities of the CA Final syllabus and have designed our plan to ensure you have an in-depth understanding of every subject.
  • Varied Mock Exams: Practice is the key to perfection, and our test series offers a wide variety of mock exams that closely simulate the actual CA Final exam conditions. You'll experience diverse question formats and challenges that will make you exam-ready.
  • Real Exam Environment: We recreate the real exam environment, allowing you to practice under timed conditions and the pressure that mirrors the CA Final exam. This experience will help you adapt to the actual exam and enhance your performance.
  • Thorough evaluation, suggested answers and Performance Analysis: For every mock exam attempt, you'll receive detailed solutions and performance analysis. This vital feedback from these suggested answers and the true evaluation lets you pinpoint your strengths and weaknesses, enabling you to focus your efforts on areas that need improvement.
  • Expert Guidance and Support: Our team of seasoned experts is at your disposal. They are ready to provide guidance, answer your queries, offer study tips, and share insights into effective exam strategies to boost your confidence. We also have counselling program to boost your confidence by one-to-one call. That plan you can enroll by click here 👇.

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  CA Final : Fast Track Test Series

At Bhagya Achiever, we're dedicated to helping ambitious CA Final candidates like you fast-track your journey to becoming a Chartered Accountant. Our CA Final Fast Track Test Series Plan has been thoughtfully designed to give you the edge you need to conquer your CA Final exams efficiently.Many Student Choose Our Fast Track Test Series beacause of several reasons :

  • Rapid Coverage of Syllabus: Our Fast Track Test Series Plan is all about fast-paced, efficient learning. We recognize that time is of the essence, and our plan is tailored to cover the CA Final syllabus quickly, without compromising on the depth of knowledge.
  • Accelerated Mock Exams: Practice is paramount, and our test series offers a streamlined selection of mock exams that mirror the CA Final exam conditions. These exams are strategically designed to help you maximize your efficiency while maintaining quality. In this plan you will get two-unit wise test plus one full syllabus test.
  • Realistic Exam Simulation: We simulate the real exam environment in our fast-track plan, allowing you to practice under timed conditions, helping you adapt to the pressure, and increasing your performance potential.
  • Comprehensive Solutions and Performance Insights: For each mock exam, you'll receive detailed solutions and performance insights. This data empowers you to quickly identify your strong points and areas that require attention, allowing you to optimize your study strategy.
  • Expert Support: Our team of experts is at your disposal, ready to provide expert guidance and support. They can answer your queries, offer study tips, and share insights into effective exam strategies tailored to your fast-track approach.

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CA Final New Syllabus

Final Course - New Scheme of Education and Training

GROUP I

  • Paper-1: Financial Reporting
  • Paper-2: Advanced Financial Management
  • Paper-3: Advanced Auditing, Assurance and Professional Ethics

GROUP II

  • Paper-4: Direct Tax Laws & International Taxation
  • Paper-5: Indirect Tax Laws
  • Paper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)

 

Final Course - Paper -1 -Financial Reporting

MODULE 1

  • Chapter 1: Introduction to Indian Accounting Standards
  • Chapter 2: Conceptual Framework for Financial Reporting under Indian Accounting Standards (Ind AS)
  • Chapter 3: Ind AS on Presentation of Items in the Financial Statements
  • Chapter 4: Ind AS on Measurement based on Accounting Policies
  • Chapter 5: Ind AS 115 “Revenue from Contracts with Customers”

MODULE 2

  • Chapter 6: Ind AS on Assets of the Financial Statements
  • Chapter 7: Other Indian Accounting Standards

MODULE 3

  • Chapter 8: Ind AS on Liabilities of the Financial Statements
  • Chapter 9: Ind AS on Items impacting the Financial Statements
  • Chapter 10: Ind AS on Disclosures in the Financial Statements
  • Chapter 11: Accounting and Reporting of Financial Instruments

MODULE 4

  • Chapter 12: Ind AS 103 “Business Combinations”
  • Chapter 13: Consolidated and Separate Financial Statements of Group Entities
  • Chapter 14: Ind AS 101 “First-time Adoption of Indian Accounting Standards”
  • Chapter 15: Analysis of Financial Statements
  • Chapter 16: Professional and Ethical Duty of a Chartered Accountant
  • Chapter 17: Accounting and Technology

 

Final Course - Paper-2: Advanced Financial Management

  • Chapter 1: Financial Policy and Corporate Strategy
  • Chapter 2: Risk Management
  • Chapter 3: Advanced Capital Budgeting Decisions
  • Chapter 4: Security Analysis
  • Chapter 5: Security Valuation
  • Chapter 6: Portfolio Management
  • Chapter 7: Securitization
  • Chapter 8: Mutual Funds
  • Chapter 9: Derivatives Analysis and Valuation
  • Chapter 10: Foreign Exchange Exposure and Risk Management
  • Chapter 11: International Financial Management
  • Chapter 12: Interest Rate Risk Management
  • Chapter 13: Business Valuation
  • Chapter 14: Mergers, Acquisitions and Corporate Restructuring
  • Chapter 15: Startup Finance

 

Final Course - Paper-3: Advanced Auditing, Assurance and Professional Ethics

MODULE 1

  • Chapter 1: Quality Control
  • Chapter 2: General Auditing Principles and Auditors Responsibilities
  • Chapter 3: Audit Planning, Strategy and Execution
  • Chapter 4: Materiality, Risk Assessment and Internal Control
  • Chapter 5: Audit Evidence
  • Chapter 6: Completion and Review
  • Chapter 7: Reporting

MODULE 2

  • Chapter 8: Specialised Areas
  • Chapter 9: Audit-related Services
  • Chapter 10: Review of Financial Information
  • Chapter 11: Prospective Financial Information and Other Assurance Services
  • Chapter 12: Digital Auditing & Assurance
  • Chapter 13: Group Audits
  • Chapter 14: Special Features of Audit of Banks & Non-Banking Financial Companies

MODULE 3

  • Chapter 15: Overview of Audit of Public Sector Undertakings
  • Chapter 16: Internal Audit
  • Chapter 17: Due Diligence, Investigation & Forensic Audit
  • Chapter 18: Emerging Areas: Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance
  • Chapter 19: Professional Ethics & Liabilities of Auditors

 

Final Course - Paper-4: Direct Tax Laws & International Taxation

Module-1

  • Chapter 1: Basic Concepts
  • Chapter 2: Incomes which do not form part of Total Income
  • Chapter 3: Profits and Gains of Business or Profession
  • Chapter 4: Capital Gains
  • Chapter 5: Income from Other Sources
  • Chapter 6: Income of Other Persons included in Assessee’s Total Income
  • Chapter 7: Aggregation of Income, Set Off or Carry Forward of Losses
  • Chapter 8: Deductions from Gross Total Income

Module-2

  • Chapter 9: Assessment of Various Entities
  • Chapter 10: Assessment of Trusts and Institutions, Political Parties and Other Special Entities
  • Chapter 11: Tax Planning, Tax Avoidance and Tax Evasion
  • Chapter 12: Taxation of Digital Transactions

Module-3

  • Chapter 13: Deduction, Collection and Recovery of Tax
  • Chapter 14: Income Tax Authorities
  • Chapter 15: Assessment Procedure
  • Chapter 16: Appeals and Revision
  • Chapter 17: Dispute Resolution
  • Chapter 18: Miscellaneous Provisions
  • Chapter 19: Provisions to Counteract Unethical Tax Practices
  • Chapter 20: Tax Audit and Ethical Compliances

Module-4

  • Chapter 21: Non-Resident Taxation
  • Chapter 22: Double Taxation Relief
  • Chapter 23: Advance Rulings
  • Chapter 24: Transfer Pricing
  • Chapter 25: Fundamentals of BEPS
  • Chapter 26: Application and Interpretation of Tax Treaties
  • Chapter 27: Overview of Model Tax Conventions
  • Chapter 28: Latest Developments in International Taxation

 

Final Course - Paper-5: Indirect Tax Laws

(Part-I: Goods and Services Tax)

Module-1

  • Chapter-1: Supply under GST
  • Chapter 2: Charge of GST
  • Chapter 3: Place of Supply
  • Chapter 4: Exemptions from GST
  • Chapter 5: Time of Supply
  • Chapter 6: Value of Supply

Module-2

  • Chapter 7: Input Tax Credit
  • Chapter 8: Registration
  • Chapter 9: Tax Invoice, Credit and Debit Notes
  • Chapter 10: Accounts and Records; E-way Bill
  • Chapter 11: Payment of Tax
  • Chapter 12: Electronic Commerce Transactions
  • Chapter 13: Returns

Module-3

  • Chapter 14: Import and Export Under GST
  • Chapter 15: Refunds
  • Chapter 16: Job Work
  • Chapter 17: Assessment and Audit
  • Chapter 18: Inspection, Search, Seizure and Arrest
  • Chapter 19: Demands and Recovery
  • Chapter 20: Liability to Pay in Certain Cases
  • Chapter 21: Offences and Penalties and Ethical Aspects under GST
  • Chapter 22: Appeals and Revision
  • Chapter 23: Advance Ruling
  • Chapter 24: Miscellaneous Provisions

(Part-II: Customs & FTP)

Module-4

  • Chapter 1: Levy of and Exemptions from Customs Duty
  • Chapter 2: Types of Duty
  • Chapter 3: Classification of Imported and Export Goods
  • Chapter 4: Valuation under the Customs Act, 1962
  • Chapter 5: Importation and Exportation of Goods
  • Chapter 6: Warehousing
  • Chapter 7: Refund
  • Chapter 8: Foreign Trade Policy

 

Final Course - Paper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)

  • Case Studies

Frequently Asked Questions

The CA Final course is the last level in the Chartered Accountancy program. It's essential for those aspiring to become chartered accountants as it provides advanced knowledge in accounting, finance, taxation, and related subjects.

CA Final includes subjects like Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, Corporate and Economic Laws, and more. Elective subjects are chosen during registration based on your career goals.

Registration for the CA Final Exam: Under their new plan, the Institute of Chartered Accountants of India (ICAI) is now taking registrations for the CA Final exam in May 2024, beginning on July 1, 2023. Please make sure to finish your registration by January 1, 2024, if you intend to take the exam.

You need to score a minimum of 40% marks in each paper and an aggregate of 50% in all papers to pass the CA Final exams.

There are various resources available in our website, including study materials, mock test series, chapter-wise test series, and detailed test series, which can help you prepare comprehensively.

The ICAI's official website provides detailed information about the CA Final syllabus and exam pattern. You can also check our website for latest updates and guidelines.

The CA Final course is a challenging course, but it is definitely possible to pass it with hard work and dedication. The pass rate for the CA Final exam is typically around 5-10% and if you use our different mock test plans for preparing the CA final exam the pass rate is 60- 80%.

Here are some tips for answering the CA Final exam questions :

  • Read the questions carefully and understand what is being asked.
  • Plan your answers before you start writing.
  • Be clear and concise in your answers.
  • Support your answers with relevant examples and case laws.
  • Proofread your answers before submitting the paper.

 

Time management, regular breaks, maintaining a healthy lifestyle, and seeking support from our mentors and peers are strategies that can help you manage stress and balance your commitments.

There is no maximum limit on the number of attempts for the CA Final exams. Initial registration for Final Course is valid for 5 years (10 attempts as there are 2 exams in a year). After 5 years, a student should revalidate it for another 5 years.

No, you are generally required to complete the article ship training as part of the CA program before you become eligible to appear for the CA Final exam. article ship is a mandatory practical training period designed to provide hands-on experience and exposure to various aspects of the accounting and auditing profession. Without completing article ship, you may not be eligible to take the CA Final exam.

Common challenges include time management, stress, and the extensive syllabus. To overcome them, create a well-structured study schedule, practice time management, and adopt stress management techniques.

A mock test series for CA Final is a set of practice exams that mimic the format, content, and time constraints of the actual CA Final exams. Mock tests provide a real exam-like experience, helping you become familiar with the structure and pattern of the CA Final exams.

Yes, a mock test series can be particularly valuable if you've started studying late for the CA Final exams. Because Mock tests help you quickly identify your strengths and weaknesses. This targeted feedback can guide you on which topics to prioritize in your limited study time.

Because, Chapter wise tests allow you to concentrate on specific subjects or chapters that you find challenging. Also, you can track how you're performing in each chapter and assess your readiness. chapter wise tests offer flexibility in your study plan. You can fit them into your schedule as needed and focus on specific topics without having to go through the entire syllabus every time.

Because detailed mock test series is a set of practice exams that closely simulate the actual CA Final exam. These tests are designed to assess your knowledge, skills, and exam readiness. They cover all the subjects and topics you'll encounter in the CA Final exam and are conducted under exam-like conditions.