CA FINAL PAPER 1 : FINANCIAL REPORTING 100 MARKS

CHAPTER WISE WEIGHTAGE BASED ON PAST EXAM & ANALYSIS THEREOF

S. No. CHAPTER NAME May-24 (N) Nov-23 May-23 Nov-22 May-22 Dec-21 Jul-21 Jan-21 Nov-20 Average Weightage
Conceptual Framework for Financial Reporting under Indian 4 6 6 6 6
1
Accounting Standards
2 Ind AS on Presentation of General Purpose FS
Unit 1 - Ind AS 1 4 5 5 4 5
Unit 2 - Ind AS 34 4 4 5 6
Unit 3 - Ind AS 7 6 5 8 14.56 M 10-15 %
3 Ind AS on Measurement based on Accounting Policies
Unit 1 - Ind AS 8 5 5 5 8
Unit 2 - Ind AS 10 5
Unit 3 - Ind AS 113 5 5 4
TOTAL 12 11 16 16 16 19 9 18 14

4 Ind AS on Income Statement - Ind AS 115 - Revenue 5 12 12 20 14 10 12 12 19 12.89 M 5-10%

TOTAL 5 12 12 20 14 10 12 12 19

5 Ind AS on Assets of the Financial Statements

Unit 1: Ind AS 2: Inventories 5 5 4
Unit 2: Ind AS 16: Property, Plant and Equipment 5 8 4 5
Unit 3: Ind AS 116: Leases 8 8 8 7 10 4 6 8
Unit 4: Ind AS 23: Borrowing Costs
Unit 5: Ind AS 36: Impairment of Assets 4 8 5 6 8
Unit 6: Ind AS 38: Intangible Assets 4 10
22.11 M 15-25 %
Unit 7: Ind AS 40: Investment Property 5 4
Unit 8: Ind AS 105: Non-Current Assets held for Sale and 5 4 8 8
Discontinued Operations

6 Ind As on Liabilities of Financial Statements

Ind AS 19 8 7 6
Ind AS 37 4

Total 21 25 25 16 32 15 18 21 26
CA FINAL PAPER 1 : FINANCIAL REPORTING 100 MARKS
CHAPTER WISE WEIGHTAGE BASED ON PAST EXAM & ANALYSIS THEREOF
S. No. CHAPTER NAME May-24 (N) Nov-23 May-23 Nov-22 May-22 Dec-21 Jul-21 Jan-21 Nov-20 Average Weightage
7 Other Indian Accounting Standards
Unit 1 - Ind AS 20 6 4 8 6
Unit 2 - Ind AS 102 8 6 6 5 12 5
Ind AS 41 - Agriculture 8 6 4

8 Ind AS on Items impacting the Financial Statements

Ind AS 12 - Income Taxes 6 5 4 2.5 22.28 M 15-20 %
Ind AS 21 - Foreign Exchange 4 6 5 5

9 Ind AS on Disclosures
Unit 1: Ind AS 24: Related Party Disclosures 4
Unit 2: Ind AS 33: Earnings Per Share 4 8 8 8
Unit 3: Ind AS 108: Operating Segments 8 16 5 8 4 6
TOTAL 6 20 28 27 18 24 32 24 21.5
10 Accounting & Reporting of Financial Instruments 16 19 19 21 19 29 19 19 20.5 20.17 M 10-15%
TOTAL 16 19 19 21 19 29 19 19 20.5

11 Business Combination & Corporate Restructuring 8 10-20 %

18.67 M
12 Consolidation & Separate Financial Statements 14 20 20 20 15 19 21 20 11
TOTAL 14 20 20 20 15 19 21 20 19

13 Ind AS 101 - First Time Adoption of Ind AS 5 5 8

6.75 M 5-10 %
14 Analysis of Financial Statements 9
TOTAL 5 5 8 9

15 Accounting & Technology 5

5.00 M 5-10 %
16 Professional Ethics
TOTAL 5
Grand Total 84 112 120 120 114 124 120 114 120
NOTE: The chapters which are no longer applicable have been excluded.
 CA FINAL PAPER 2: STRATEGIC FINANCIAL MANAGEMENT
QUESTION WISE TOPICS BASED ON PAST EXAM PATTERN
May-24 Nov-23 May-23 Nov-22 May-22 Dec-21 Jul-21 Jan-21 Nov-20
#
Topic M Topic M Topic M Topic M Topic M Topic M Topic M Topic M Topic M
COMPULSORY
1 ( a) CFS of Holding, 14 CFS of H & S 20 Consolidated 15 Consolidation under Ind AS 15 Consolidation under Ind AS 15 Financial Liability & 12 Consolidated Financial 16 Consolidated Financial 15 Ind As 109 - Loan to employees 12
Subsidiary & Financial Statements Modification including Statements Statements below market rate
Associate journal entries
1 ( b) Ind AS 1 - 5 Fair Value - Income Approach 5 Ind AS 1 - Classification 5 Ind As 101 - First Time 8 Ind As 1 - Current & Non 4 Ind AS 1 - Classification 5 Basic & Diluted EPS 8
Classification adoption Current
OPTIONAL (4 of 5)
2(a) Derivatives - 10 CSR 8 Ind AS 105 - PPE Held 8 Ind AS 115 - Financing 6 CSR Committee & Expenditure 6 Business Combination & 14 PPE & Investment Property 8 Ind AS 10 - Adjusting / Non 8 Revenue - Most Likely & 14
Contracts in FC for sale Component Consolidation - Adjusting - Useful life Expected Value
2(b) Ind AS - 1, Loan 4 Principal vs Agent 6 Ind AS 115 - Revenue - 6 Ind AS 115 - Service 10 Ind AS 115 - Sale of Machines 6 Cash flow - Indirect 6 Ind AS 115 - Allocation of 12 Ind As 115 - Allocation of 12 Ind AS 34 - Interim Financial 6
repayable on Cumulative catch up Concession Arrangement & Spare method transaction price Revenue/Performance Reporting - Tax Expense
Demand adjustment obligations

2(c) Costs to obtain 6 Ind AS 115 - Revenue 6 Ind AS 115 - Further discount 4 Ind AS 115 - Revenue, Refund 8
contract - Contract Liability
3(a) Lease 8 Lease vs Non 8 Ind AS 41 - 8 Impairment - CGU 8 Plan Assets & Liability - Ind As 7 Purhcase of Asset - 5 Treatment of Multiple Ind As 9 Finance vs Operating Lease/ 6 Sale & Lease Back 8
Modifications - Ind Lease, Lease Accounting for 19 Foreign Currency Unearned Finance Income
AS 116 liabiilty etc livestock
3(b) Compound 6 Held for Sale & 8 Ind AS 16 - PPE 8 Ind As 12 -Reconciliation 6 Borrowing Cost - Ind As 23 7 Deferred Taxes 5 Impairment loss & reversal 6 Ind AS 38 - Intangible Asset vs 10 Impairment Loss for CGU 8
financial Impairment capitalisation Expenses
Instruments
3(c) Foreign currency 4 Ind AS 24 - Related 4 Conceptual Framework 6 Consolidation - Goodwill & 6 Ind As 115 - Revenue - 10 Accounting for Foreign 5 Ind AS 108 - Determination of 4 Ind AS 2 - Inventory - Delivery 4
transaction Parties Unrealised Profits - Forex Variable consideration exchange transactions Reportable Segment postponed due to customer issue
(Holding & Sub)
3(c) Categories of Capital - 6
Integrated Reporting*
4(a) Defined benefit 8 Compound 14 Ind AS 109- 14 Financial Guarantee - 12 Compound Financial 14 Leases - CPI based, 10 Ind As 109 - Financial 14 Ind As 109 - Financial 14 Loan notes - Financial liability 6
plans - Financial Subsidised loan to Accounting Instruments - Journal Entries remeasurement Instruments - Loan to Instruments - Loan to presentation
Comprehensive Instruments employees employees employees
4(b) Government 6 Cost Constraint / 6 Conceptual 6 Leases - Modification 8 Conceptual Framework - Short 6 Cash & Equity settled 6 Ind AS 20 - Government Grants 6 CSR 6 Reportable segments under Ind 6
Grants - Treatment Good Fin Framework ntoes - Below Interest Rate AS 108
Statements
4(b/c) Integrated Reporting 6 Integrated Reporting* 6 Interim Financial 4 Applicability of CSR* 6 Integrated Reporting* 6 Business combination acquisition 8
Statement accounting
4 (c) Fair Value* 4
5(a) Ind As 115 - 5 SAR - Ind AS 102 8 Segment Reporting 16 Ind AS 41 - Agriculture 6 Deferred Government Grant 8 Financial Instrument - 12 Basic & Diluted EPS 8 Ind AS 102 - Share Options 12 Short term compensating 6
discount on Interest free loan to sub absences, profit sharing - Ind AS
subsequent pur. 19
5(b) Ind As 101- 5 Segment Reporting 8 Obligation to restore 4 Compund Financial Instrument 8 Ind As 105 - Disposal group 8 Basic & Diluted EPS 8 Segment Information 8 Acquisition Deferred Tax 4 Cash flow statements - 8
Exchange sea bed - Nature & EPS Consolidated
fluctuation
capitalisation
5(c) Theory - 4 Intangible Assets 4 Ind AS 102 - Share based 6 Basic & Diluted EpS 4 Ind AS 116 - rent concession 4 Ind AS 41 - Journal Entries 4 Equity Method of Accounting 6
Conceptual payment - Cash option &
framework Equity Option
de/recognition or
entities covered for
Ind AS
6(a) Cloud Computing 5 Ind As 101 - 5 Ind AS 10 - Various 5 Ind AS 8 - Errors 5 Fair value of Shares 5 Change in Accounting 5 Interim Finance Reporting 5 Ind AS 16 - PPE Recognition & 5 Share appreciation rights 5
Transition / scenarios Policy Measurement
Consolidation
6(b) Ind As 105 - Held 5 Financial 5 Interest free loan to 5 Expected Credit Loss 5 Financial Liability - Amortised 5 Financial Asset - 5 Compound Financial 5 Deriviative Financial Liability 5 Deferred Tax & Effective Interest 5
for sale Instrument - Loan subsidiary Cost Measurement Instruments rate
default
6(c) Interim financial 4 Ship Overhaul - Ind 5 Inventory - Cost 5 Ind AS 108 - Quantitative 5 Ind As 40 - Investment 5 Inventory joint & by 5 Ind As 102 - Options 5 Cash flow statement 5 CSR Committee 5
reporting - As 16 Threshold Property classification products
Computation of
profit
6 ( d) Ind AS 8 - Various 5 Gain on disposal of 5 Equity Method 5 Ind AS 36 - Impairment of 5 NCI 5 Acquisition - Identifiable 5 Equity Method of Accounting 5 Principal vs Agent consideration 5
scenarios subsidiary Goodwill Assets
84 120 126 126 126 124 126 126 120