Final Course is the last step of Chartered Accountancy Course. Qualify this and you will be designated as Chartered Accountant (CA).

Contents


How to do Final?


One has to register for Final Course then submit the Final Examination form. Then appear for Final exams and pass. Final Examination is conducted twice every year, in May and November.

Procedure and eligibility for Final exams in order:

  • Pass IPCC Both Groups
  • Register for Final Course
  • Submit Final Examination Form.

You must meet below requirements to be eligible to appear for Final Examination:

  • If registered for Articled Training on or after 1st May, 2012 then you should have completed General Management and Communication Skills (GMCS) - I Course
  • If registered for Articled Training on or after 1st Feburary, 2013 then you should have completed Advance Information Technology Training
  • Serving last 6 months of practical training / Articleship or have completed Articleship.

Course / Exam Structure


Final is comprised of eight subjects and is divided into two groups. Examination of every subject is held separately and each is of three hours.

Students have the option to appear for one group at a time or both groups together. You have to fill this option while submitting Final Examination form. Hence, you are free to change it in next attempt.

Group I

Paper 1: Financial Reporting (100 Marks)

Paper 2: Strategic Financial Management (100 Marks)

Paper 3: Advanced Auditing and Professional Ethics (100 Marks)

Paper 4: Corporate and Allied Laws (100 Marks)

  • Section A : Company Law (70 marks)
  • Section B : Allied Laws (30 marks)

Group II

Paper 5: Advanced Management Accounting (100 Marks)

Paper 6: Information Systems Control and Audit (100 Marks)

Paper 7: Direct Tax Laws (100 Marks)

Paper 8 : Indirect Tax Laws (100 Marks)

  • Section A: Central Excise (25 marks)
  • Section B: Section B :
  • Section C : Customs and Foreign Trade Policy (25 marks)

Passing Criteria


Both Groups

  • If he/she secures at one sitting a minimum of 40 per cent marks in each paper of both the groups and a minimum of 50 per cent marks in the aggregate of all the papers of both the groups taken together.


Single Group

  • If he/she secures at one sitting a minimum of 40 per cent marks in each paper of the group and a minimum of 50 per cent marks in the aggregate of all the papers of that group.

  • A candidate how appeared for both the groups but passed only one group is considered passed in that group and now have to pass the remaining group only.


Exemption

If a student fails in a group but manages to secure more than 60% marks in any one or more subjects then he/she is granted exemption in those subjects. Implying, now he/she doesn't have to appear for exempted subjects and only have to appear for subjects in which he/she had scored less than 60% marks.

NOTE: Exemption will be granted if candidate is present in all the papers of the group. If he is absent in any paper of the group then exemption will not be granted.

  • Check: Visit exemptions.icaiexam.icai.org to check your valid exemptions.

  • Validity: Is valid for immediately next three following examinations. That is, exemption granted in May 15 exam is valid for November 2015, May 2016 and November 2016 exams.

  • Surrender: Exemption is granted automatically but you can surrender it. Procedure is given in Final guide, link is given below.

  • Passing Criteria: If he/she secures at one sitting a minimum of 40 percent marks in all the remaining subjects of the group and a minimum of 50 percent of the total marks of all papers of that group including the paper or papers in which he had secured a minimum of 60 percent marks in the earlier examination.

  • Further Exemption: He shall not be eligible for any further exemption in the remaining paper(s) of that group until he has exhausted the exemption already granted to him in that group.

Read section 6 (Exemption(s) in a paper(s)) of Final Guide for more details.


Forms


Final Course Registration Form

On-line forms not available for Final Course Registration. You have to download the form given below and post it to the regional office of the institute.

Final Examination Form

You can either fill online application form or physical (OMR) form.

  • Online Final Examination Form

    Online forms are generally open in Feburary / August for May / November examination.

  • Physical / OMR forms have to be purchased from the regional offices/branches of the Institute at a cost of Rs 1000. The cost of application form (Rs.1000/-) shall not be charged if applications are filled in online.

  • Official guide for Final Examination

    It is strongly recommended you go through this guide. It contains each and every detail.

  • Frequently Asked Questions

    If you have any doubt or questions please go through this. These are officially answered FAQs.


Fee Structure


Broad Fee Structure
Registration / Form Amount
Final Course Registration - Without Articles (For those who have completed articleship or undergoing articleship) ₹ 10,000
Final Course Registration - With Articles ₹ 12,000
Final Examination Form - Single Group ₹ 1,250
Final Examination Form - Both Group ₹ 2,250

Note: Detailed registration fee structure is included in the registration form.

For detailed Final Examination form fee structure.


Frequently Asked Questions (FAQs)


How long is my Final registration valid?

Final registration is valid for 5 years and can be revalidated any number of times for further 5 years period by paying revalidation fee of Rs. 500. For more details click here.


Can I change my examination centre or medium?

Yes! For complete details read point 12 (On-line facility for seeking Change of Centre/Group/Medium) of Final Guide


Can I opt for verification of marks?

Yes! Click here for details.


Can I see / inspect my evaluated answer book?

Yes! You can apply for certified copies/inspection of your evaluated answer books. Click here for details.


Reference and Valuable Links



What Next?


Result are announced in July/January for May/November exam.

Group I Passed

  • Undergo General Management and Communication Skills (GMCS) - II Course if haven't yet.
  • Go for Group II if isn't passed yet.

Group II Passed

  • Undergo General Management and Communication Skills (GMCS) - II Course if haven't yet.
  • Go for Group I if isn't passed yet.

Both Groups Passed

  • Undergo General Management and Communication Skills (GMCS) - II Course if haven't yet.
  • Complete Your Articleship, if haven't yet.
  • Enrol as a member of the ICAI and be designate as "Chartered Accountant".