CA (India) Final Exam Survival Guide

Window: India | Advanced accountancy, audit, tax, law

Must-do topics

• FR: Ind AS (IFRS convergence) — consolidation, financial instruments, revenue, leases
• SFM: derivatives, forex, portfolio, valuation, mergers & acquisitions
• Audit: risk-based audit, standards on auditing, CARO, ethics, company audit
• Law: Companies Act (directors, meetings, CSR, winding-up), SEBI, FEMA, IBC
• DT/IDT: case law-driven, transfer pricing, GAAR, GST, customs basics

Top traps (avoid)

• Writing general law when Q wants specific section/case ref
• Audit: listing generic procedures without assertion linkage
• DT: mixing residential status rules; not citing case laws
• FR: missing disclosure requirements in Ind AS

Time split

• 3 hrs per paper; 100 marks; case-based + direct Q mix
• Allocate ~45 min per 30-mark case Q

Last-48h checklist

• Ind AS summary notes; consolidation elimination steps
• Tax: amendments + case law list; 10 must-know sections
• Audit SA chart (SA 200–700 series)
• Corporate law tables (sections + penalties)

Quick facts

• Ind AS 115 = 5-step revenue model
• Ind AS 109 = financial instruments classification & impairment (ECL)
• GST = supply + place + time + value → tax liability
• Audit = assertion–risk–response–evidence–report

Speed tactics

• Quote section no./Ind AS no. → credibility boost
• Bullet format answers; underline key terms
• Always conclude with “Thus, treatment is as per Ind AS/Act”

Day-of mini-plan

• 15-min formula/section skim (FR + Tax)
• Start with case-study Q for momentum
• Leave MCQs for last 30 min