CA Final

Accounting is the vehicle for reporting financial information about a business entity to the stakeholders. This paper builds on Accounting and Advanced Accounting studied in CA Intermediate Course. Students are expected to be familiar with all the Accounting Standards for preparing the financial statements.

The financials shall be prepared following Accounting Standards in convergence with IFRS. This ensures accuracy and adequate disclosures in the financial statement which helps in making financing and investment decisions.

Financial Reporting assists in preparing and interpreting the information contained in the financial statements in conformity with Ind AS. Financial Reporting assists auditors in forming an opinion as to whether financial statements conform with Ind AS.

CA Final Online video lectures of LearnCab helps you understand the application of Accounting Standard in preparing Financial Statements.

 CA Final Online video lectures of LearnCab provides comprehensive lectures on-

• Framework for preparation and presentation of Financial Statements, Ind AS on presentation of items in the Financial statements, Revenue with contracts with customers, Ind AS on Measurement-based on Accounting Policies, Other Indian Accounting Standards.
• Ind AS on Assets of the Financial Statements, Agriculture.
• Ind AS on Liabilities of the Financial Statements, Ind AS on Items impacting the Financial Statements, Ind AS on Disclosures in the Financial Statements, Accounting, and Reporting of Financial Instruments.
• Business Combination and Corporate Restructuring, Consolidated Financial Statements, Analysis of Financial Statements, Integrated Reporting, Corporate Social Responsibility

Financial Reporting process forms the theoretical basis for determining which events should be accounted for, how they should be measured and how they should be communicated to the user. Know More

SFM is a blend of Strategic Management and Financial Management. This paper helps you build the ability to apply financial management theories and techniques in strategic decision making.

A clear and realistic strategy in managing the finance for fulfilling the objective of the company and increase the wealth of stakeholders are the fundamentals of business. In short Strategy + Finance +Management = Fundamentals of Business. Strategic Financial Management helps in making Financing decisions, Investment decisions, Dividend decisions and Portfolio decisions.

Companies use restructuring as a business strategy and grow over-night to ensure their long-term viability. Merger, Amalgamation acquisitions are the corporate restructuring that brings synergy to the business. This paper guides the professional in Financial evaluation of such a merger by determining the value of shares and showing the impact of such financial restructuring.

Students should learn to identify and manage the risk associated with Finance i.e credit risk, insolvency risk, equity risk, currency risk, interest rate risk and foreign investment risk. Students should understand that better risk management techniques provide early warning signals that help companies address risk in time.

CA Final Online video lectures of LearnCab introduces you to various foreign exchange accounts, exchange rate quotation, forecasting future exchange rate, Exchange rate theories, the risk involved in foreign rates and hedging of currency risk.LearnCab also solves ample of problems and helps you solve the problems by applying theoretical knowledge.

CA Final Online video lectures of LearnCab provides comprehensive lectures on-

• Financial Policy and Corporate Strategy, Risk Management, Security Analysis, Security Valuation, Portfolio Management, Securitization, Mutual Funds, Derivatives Analysis and Valuation, Foreign Exchange Exposure and Risk Management,
• Foreign Exchange Exposure and Risk Management, International Financial Management, Interest Rate Risk Management, Corporate Valuation, Mergers, Acquisitions, and Corporate Restructuring and Start-up Finance. Know More

Knowledge of Auditing and possessing professional ethics is pivotal in conducting Audit. Advanced Auditing and Professional Ethics paper guides CA Final students to acquire and follow the Auditing standards and follow professional ethics while carrying on Audit or Due diligence.

The audit requires a quick and logical application of mind in addition to knowledge of generally accepted auditing procedures and techniques needed to apply during Audit Engagement.CA Final students are expected not only to acquire professional knowledge but also build the ability to apply such knowledge in practice.

Students are expected to develop professional skills i.e intellectual and communication skills along with acquiring knowledge.

The paper also introduces you to Peer Review and Quality Review, where you learn that the quality of the professional work is reviewed by another professional of the same standing to check whether the quality of assurance service provided by professionals is as envisaged and mandated by the Technical, Ethical and Professional Standards.

CA Final Online video lectures of LearnCab guides students on the formation of audit committee by Public companies, liabilities of auditor, considerations in audit, the procedure in audit, in-depth study on the audit of various entities, Forensic audit, Peer Review, and Quality review.

 CA Final Online video lectures of LearnCab provides comprehensive lectures on-

• Auditing Standards, Statements and Guidance Notes – An Overview, Audit Planning, Strategy and Execution, Risk Assessment and Internal Control, Special Aspects of Auditing in an Automated Environment, Company Audit and Audit Reports
• Audit Committee and Corporate Governance, Audit of Consolidated Financial Statements, Audit of Banks, Audit of Insurance Company, Audit of Non-Banking Financial Companies, Audit under Fiscal Laws
• Audit of Public Sector Undertakings, Liabilities of Auditor, Internal Audit, Management, and Operational Audit, Due Diligence, Investigation and Forensic Audit, Peer Review and Quality Review
• Professional Ethics. Know More

Company law is the legislative enactment for the administration and regulation of Companies. Companies Act is the base for many other laws. Corporate and Economics Laws links and incorporates various acts, such as SEBI, FEMA, Labor laws, tax laws, etc. Hence having the knowledge and in-depth understanding of various applicable law and its legal provisions are very important for Chartered Accountants.

To have an effective and timebound resolution of insolvency procedure, a consolidated framework was introduced called Insolvency and Bankruptcy Code, 2016. Now the provisions for liquidation, insolvency or bankruptcy have been moved from the Companies Act, 2013 to IBC, 2016.

In CA Final, Company Law is introduced to give you brief insights about the administration, management, Meetings of Board, Reconstruction, Winding up, Foreign companies, Producer companies, IBC and NCLT and NCLAT. The syllabus also includes the law regulating listed Companies, SEBI, 1992 and SCRA, 1956.

Due to Liberalisation, Privatisation and Globalisation remarkable economic reforms have earmarked that encourages Foreign trade resulting in ease of foreign transactions with less legal formalities and more incentives.  The syllabus gives you insights into the regulation of Foreign transactions, FEMA, 1999.

CA Final Online video lectures of LearnCab provide an in-depth study on various laws regulating companies and analyze the significant provisions of economic laws.

CA Final Online video lectures of LearnCab provides comprehensive lectures on-

• Company Law – Appointment and Qualifications of Directors, Appointment and Remuneration of Managerial Personnel, Meetings of Board and its Powers, Inspection, Inquiry and Investigation, Compromises, Arrangements and Amalgamations, Prevention of Oppression and Mismanagement, Winding Up, Producer Companies, Companies incorporated outside India, Compounding of Offences, Adjudication, Special Courts and NCLT, NCLAT
• Securities Laws – SEBI LODR, 2015, SCRA, 1956
• Economic laws – The Foreign Exchange Management Act, 1999, The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, Prevention of Money Laundering Act, 2002, Foreign Contribution Regulation Act, 2010, Arbitration and Conciliation Act, 1996, Insolvency and Bankruptcy Code, 2016. Know More

Professionals are expected to advise business to keeps their costs low and improve the use of resources, increase revenue, analyze operations and suggest structural changes for the growth of the business. The strategy creates value to respond to competitive challenges and build strong organizations.

A good strategy helps optimum utilization of an organization’s material and human resources thereby achieving better financial performance and improved qualitative decisions.

In short, having a strategy to manage the cost, helps long term sustainability of organizations. This subject combines the strategic cost management techniques, with the performance-based management framework in one integrated system.

Knowledge of Strategic Cost Management Accounting and Performance Evaluation helps Chartered Accountants in assisting Board, taking management decisions, formulation of cost planning and setting an efficient cost control mechanism. Hence, this subject for CA Final is marked important to endeavour in the industry sector.

CA Final Online video lectures of LearnCab provide students a strong foundation on the subject and helps to apply the fundamentals to various practical scenarios.

CA Final Online video lectures of LearnCab provides comprehensive lectures on-

• Introduction to Strategic Cost Management, Modern Business Environment, Lean System and Innovation, Cost Management Techniques, Cost Management for Specific Sector.
• Strategic Decision Making, Pricing decisions.
• Performance Measurement and Evaluation, Divisional Transfer Pricing, Strategic Analysis of Operating Income, Budgetary Control, Standard Costing.
• Case study. Know More

Capital Market is the part of the financial system concerned with raising capital by dealing in shares, bonds and other long term investments. Since they involve debt and equity securities, the instruments are also called Securities and the market is called Securities Market.

Capital market creates wealth in the economy in the long term.

Primary capital market assists in capital formation by raising funds and the secondary market will promote liquidity and disinvestment and reinvestment. This will ensure the funds are diverted to the most productive sections of the economy.

Banking plays an important role in the Financial market. This paper throws light on Project Financing, Bank loan in the form of working capital and term loan and Reverse Mortgage.

It is one of the high scoring subjects and you find plenty of career opportunities in this sector. The thorough grip on the subject helps to grow in Investment Banking and Stock Market career.

The subject gives students to learn about Global Financial Markets, Primary and secondary Capital market, Money market, NBFC, Commodity market, Mutual funds, Private Equity, Investment banking, Risk management, Leasing, Factoring and Credit derivatives.

Students are expected to be updated on –

• SEBI (LODR) Requirements, 2015
• SEBI (Prohibition of Insider Trading) Regulations, 2015
• SEBI (ICDR) Regulations, 2018
• SEBI (Buyback of Securities) Regulations, 2018
• SEBI (Mutual Funds) Regulations, 1996. Know More

Banking plays an important role in the Financial market. International markets paper throws light on Project Financing, Bank loan in the form of working capital and term loan and Reverse Mortgage.

It is one of the high scoring subjects and you find plenty of career opportunities in this sector. The thorough grip on the subject helps to grow in Investment Banking and Stock Market career.

The subject gives students to learn about Global Financial Markets, Primary and secondary Capital market, Money market, NBFC, Commodity market, Mutual funds, Private Equity, Investment banking, Risk management, Leasing, Factoring and Credit derivatives.

Students are expected to be updated on –

• SEBI (LODR) Requirements, 2015
• SEBI (Prohibition of Insider Trading) Regulations, 2015
• SEBI (ICDR) Regulations, 2018
• SEBI (Buyback of Securities) Regulations, 2018
• SEBI (Mutual Funds) Regulations, 1996

This subject helps in future employment perspective since every organization needs an expert to guide on international transactions to be compliant with international legislation and regulatory requirements.

This subject lays the foundation for further specialization in the area of International Taxation.

The syllabus in the paper includes Transfer Pricing, Non-resident Taxation, Double Taxation Relief, Advance Rulings, An Overview of the Black Money and the Imposition of Tax Law, Taxation of E-Commerce Transactions, Tax Treaties Overview, Features, Application and Interpretation, Anti Avoidance Measures and Overview of Model Tax Conventions. Know More

Taxes are the greatest source of revenue for the Government. Various developments, activities, facilities, an expenditure of every other kind made by the Government for the welfare of the society is from the contribution of the people in the form of tax.

Tax laws have been in existence from Kautilya’s ages. A share in the profit had to be contributed to the King and such contribution is termed as Tax in the current era. Later, the British also collected taxes on income. After Independence, this tax law was freshly introduced through the Income Tax Act, 1961 for collecting and regulating tax laws.

Direct Tax Laws is one of the dynamic subjects of the Chartered Accountancy Course. At CA Final level, this subject includes a study of Direct Tax Laws and International Taxation.

Direct Tax laws comprise of law and procedures under the Income-tax Act, 1961. The CA Final students need to be aware of various provisions and tax implications on the income earned by individuals and in the hands of various entities.

With the increased cross border transactions, the government has entered into tax treaties with various countries to avoid double taxation for a single transaction, hence knowledge of International Taxation is crucial. CA Final students are expected to be well versed with International taxation to provide the correct advice and to ensure compliance with applicable law.

Direct tax laws undergo significant changes every year with the passing of the Finance Act. Students are expected to be updated with notifications, circulars, clarifications, and decisions pronounced by various courts.

CA students should pay special attention to:

• Clubbed income (earned by spouse and child)
• Assessment of various entities (partnership, LLP, IFSC, Life insurance business, Business trust, company, MAT, AMT, SPV, AOP, BOI)
• Special rates applicable to companies and relevant surcharges
• TDS, TCS – Deduction, Collection and Recovery of Tax
• Set-off and carry forward of losses
• Assessment of religious trust, political parties and Electoral trust
• Advance tax
• Special provisions w.r.t receipt loans and advances
• Assessment procedure, settlement of Tax cases, Penalties and Penalties
• Taxation of non-resident, Double taxation relief

CA Final students should be well versed with various exemptions, incentives, relief available to the taxpayers to guide clients in tax saving and tax planning.

CA Final Online video lectures of LearnCab provides you a comprehensive study on –

1. Residence and Scope of Total Income, income which does not form part of Total Income, Salaries, Income from House Property, Profits and Gains of Business or Profession, Capital Gains and Income from Other Sources.
2. Income of Other Persons included in assesses Total Income, Aggregation of Income, Set-Off and Carry Forward of Losses, Deductions from Gross Total Income, Assessment of Various Entities, Charitable or Religious Trusts and Institutions, Political Parties and Electoral Trusts, Tax Planning, Tax Avoidance & Tax Evasion.
3. The deduction, Collection and Recovery of Tax, Income-tax Authorities, Assessment Procedure, Appeals and Revision, Settlement of Tax Cases, Penalties, Offences and Prosecution, Liability in Special Cases and Miscellaneous Provisions.
4. International Taxation – Transfer Pricing and Other Provisions to check Avoidance of Tax, Non-Resident Taxation, Double Taxation Relief, Advance Rulings, Equalization Levy, Application and Interpretation of Tax Treaties, Fundamentals of Base Erosion and Profit Shifting and Overview of Model Tax Conventions.

Online video lectures of LearnCab solve major case studies that assist CA Final students in solving problems in practical scenarios. Know More

Taxes are the greatest source of revenue for the Government. Various developments, activities, facilities, an expenditure of every other kind made by the Government for the welfare of the society is from the contribution of the people in the form of tax. Indirect Tax Laws is one of the dynamic subjects of the Chartered Accountancy Course.

At CA Final level, this subject includes an in-depth study of GST, Customs and FTP.With GST, there has been a paradigm shift in the Indirect tax landscape of the country. GST aims to make India, a common market with common tax rates and procedures and remove the economic barriers thus paving the way for an integrated economy at the national level. It follows the mechanism where tax is collected at every stage and the credit of tax paid at the previous stage is available as a set-off at the next stage of the transaction.

Being the newest enactment, GST law is coupled with its inherent dynamism, making the subject interesting and challenging. CA Final students are expected to be updated with the practical aspects and complexities in GST and Custom laws which is much required in advising and recommending solutions in practical scenarios.

CA students should pay special attention to:

• Place, time and value of supply
• Exemptions from GST, Reverse Charge
• ITC, E-way bill
• Import and Export under GST
• Assessment and Audit
• Demand and Recovery
• Advance Ruling
• Assessment procedure, settlement of Tax cases, Penalties and Penalties
• Valuation under customs act, Duty drawback, Refund
• Schemes under FTP

CA Final Online video lectures of LearnCab provides you a comprehensive study on –

• GST in India – An Introduction, Supply under GST, Charge of GST, Exemptions from GST, Place of Supply, Time of Supply and Value of Supply.
• Input Tax Credit, Registration, Tax Invoice, Credit and Debit Notes, Accounts and Records; E-way Bill, Payment of Tax and Returns.
• Import and Export Under GST, Refund, Job Work, Assessment and Audit, Inspection, Search, Seizure And Arrest, Demands And Recovery, Liability to Pay Tax in Certain Cases, Offences And Penalties, Appeals And Revisions, Advance Ruling and Miscellaneous Provisions.
• Customs & FTP – Levy of and Exemptions from Customs Duty, Types of Duty, Classification of Imported and Export Goods, Valuation under the Customs Act, 1962, Importation, Exportation and Transportation of Goods, Duty Drawback, Refund and Basic Concepts relating to Export Promotion Schemes under FTP.

Online video lectures of LearnCab solve major case studies that assist CA Final students in solving problems in practical scenarios. Know More