ICAI’s Board of Studies publishes the official CA Final Financial Reporting Study Material as free PDFs, split across five modules and seventeen chapters covering Ind AS, financial instruments, group accounting, and analysis of financial statements. This page has the section-wise marks weightage plus direct download links to every chapter and unit, for both ICAI editions on the portal.
CA Final Financial Reporting: Syllabus and Marks Weightage
Paper 1 carries 100 marks. This weightage applies to both editions of the Study Material linked below, since the topic list is identical in each.
| Contents | Section | Weightage |
|---|---|---|
| Introduction to General Purpose Financial Statements as per Ind AS, Conceptual Framework, Ind AS 1, Ind AS 34, Ind AS 7, Ind AS 8, Ind AS 10, Ind AS 113 | I | 10%-15% |
| Ind AS 115 Revenue from Contracts with Customers | II | 5%-10% |
| Ind AS on Assets and Liabilities of the Financial Statements: Ind AS 2, 16, 116, 23, 36, 38, 40, 105, 19, 37 | III | 15%-25% |
| Ind AS on Items impacting the Financial Statements (Ind AS 12, 21), Disclosures (Ind AS 24, 33, 108), and Other Ind AS (Ind AS 20, 102, 41) | IV | 15%-20% |
| Ind AS on Financial Instruments (Ind AS 32, 109, 107) | V | 10%-15% |
| Ind AS on Group Accounting: Business Combinations (Ind AS 103), Consolidated and Separate Financial Statements (Ind AS 110, 111, 27, 28, 112) | VI | 10%-20% |
| First time adoption of Ind AS (Ind AS 101) and Analysis of Financial Statements | VII | 5%-10% |
| Ethics with Accounting Concepts and Technology and Accounting | VIII | 5%-10% |
Objective, per ICAI: to integrate and solve practical scenarios on Ind AS, apply disclosure requirements, and prepare financial statements of group entities including subsidiaries, associates, and joint arrangements.
Download ICAI Study Material for Financial Reporting
ICAI currently has two editions of this Study Material on its portal. Both cover the same five modules and seventeen chapters, so pick whichever edition matches the physical or PDF copy you already have, rather than mixing chapters from both. The May 2027 edition has not been published for this paper yet.
Edition 2: Applicable for May 2026 Exam Onwards
This is the current edition and applies to the November 2026 attempt and later attempts, until ICAI issues a further update.
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 General Purpose Financial Statements. Unit 1: Ind AS 1 Presentation of Financial Statements, Unit 2: Ind AS 34 Interim Financial Reporting, Unit 3: Ind AS 7 Statement of Cash Flows
Chapter 4: Ind AS on Measurement based on Accounting Policies. Unit 1: Ind AS 8 Accounting Policies, Changes in Accounting Estimates and Errors, Unit 2: Ind AS 10 Events after the Reporting Period, Unit 3: Ind AS 113 Fair Value Measurement
Annexure: Division II of Schedule III to the Companies Act, 2013 | Practice Questions
Module 2
Chapter 5: Ind AS on Assets of the Financial Statements. Unit 1: Ind AS 2 Inventories, Unit 2: Ind AS 16 Property, Plant and Equipment, Unit 3: Ind AS 23 Borrowing Costs, Unit 4: Ind AS 36 Impairment of Assets, Unit 5: Ind AS 38 Intangible Assets, Unit 6: Ind AS 40 Investment Property, Unit 7: Ind AS 105 Non-current Assets Held for Sale and Discontinued Operations, Unit 8: Ind AS 116 Leases
Practice Questions | Ind AS Puzzlers: Test Your Accounting Acumen
Module 3
Chapter 6: Ind AS on Liabilities of the Financial Statements. Unit 1: Ind AS 19 Employee Benefits, Unit 2: Ind AS 37 Provisions, Contingent Liabilities and Contingent Assets
Chapter 7: Ind AS on Items impacting the Financial Statements. Unit 1: Ind AS 12 Income Taxes, Unit 2: Ind AS 21 The Effects of Changes in Foreign Exchange Rates
Chapter 8: Ind AS on Disclosures in the Financial Statements. Unit 1: Ind AS 24 Related Party Disclosures, Unit 2: Ind AS 33 Earnings per Share, Unit 3: Ind AS 108 Operating Segments
Practice Questions | Ind AS Puzzlers: Test Your Accounting Acumen
Module 4
Chapter 9: Ind AS 115 Revenue from Contracts with Customers
Chapter 10: Other Indian Accounting Standards. Unit 1: Ind AS 41 Agriculture, Unit 2: Ind AS 20 Accounting for Government Grants and Disclosure of Government Assistance, Unit 3: Ind AS 102 Share Based Payment
Chapter 11: Accounting and Reporting of Financial Instruments. Unit 1: Scope and Definitions, Unit 2: Classification and Measurement of Financial Assets and Financial Liabilities, Unit 3: Equity and Financial Liabilities, Unit 4: Derivatives and Embedded Derivatives, Unit 5: Recognition and Derecognition of Financial Instruments, Unit 6: Hedge Accounting, Unit 7: Disclosures
Comprehensive Illustrations | Test Your Knowledge | Practice Questions
Module 5
Chapter 12: Ind AS 103 Business Combinations
Chapter 13: Consolidated and Separate Financial Statements of Group Entities. Unit 1: Introduction to Consolidated and Separate Financial Statements, Unit 2: Important Definitions, Unit 3: Consolidated Financial Statements, Unit 4: Ind AS 110: Consolidation Procedure for Subsidiaries, Unit 5: Ind AS 111 Joint Arrangements, Unit 6: Ind AS 28 Investments in Associates and Joint Ventures, Unit 7: Ind AS 27 Separate Financial Statements, Unit 8: Disclosures
Chapter 14: Ind AS 101 First-time Adoption of Ind AS
Chapter 15: Analysis of Financial Statements
Chapter 16: Professional and Ethical Duty of a Chartered Accountant
Chapter 17: Accounting and Technology
Practice Questions | Ind AS Puzzlers: Test Your Accounting Acumen
Edition 1: Applicable for May 2025, September 2025 and January 2026 Exam Onwards
This is the earlier edition, which ICAI listed for the May 2025, September 2025, and January 2026 attempts. It stays on the portal for reference.
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 General Purpose Financial Statements. Unit 1: Ind AS 1 Presentation of Financial Statements, Unit 2: Ind AS 34 Interim Financial Reporting, Unit 3: Ind AS 7 Statement of Cash Flows
Chapter 4: Ind AS on Measurement based on Accounting Policies. Unit 1: Ind AS 8 Accounting Policies, Changes in Accounting Estimates and Errors, Unit 2: Ind AS 10 Events after the Reporting Period, Unit 3: Ind AS 113 Fair Value Measurement
Annexure: Division II of Schedule III to the Companies Act, 2013 | Practice Questions
Module 2
Chapter 5: Ind AS on Assets of the Financial Statements. Unit 1: Ind AS 2 Inventories, Unit 2: Ind AS 16 Property, Plant and Equipment, Unit 3: Ind AS 23 Borrowing Costs, Unit 4: Ind AS 36 Impairment of Assets, Unit 5: Ind AS 38 Intangible Assets, Unit 6: Ind AS 40 Investment Property, Unit 7: Ind AS 105 Non-current Assets Held for Sale and Discontinued Operations, Unit 8: Ind AS 116 Leases
Practice Questions | Ind AS Puzzlers: Test Your Accounting Acumen
Module 3
Chapter 6: Ind AS on Liabilities of the Financial Statements. Unit 1: Ind AS 19 Employee Benefits, Unit 2: Ind AS 37 Provisions, Contingent Liabilities and Contingent Assets
Chapter 7: Ind AS on Items impacting the Financial Statements. Unit 1: Ind AS 12 Income Taxes, Unit 2: Ind AS 21 The Effects of Changes in Foreign Exchange Rates
Chapter 8: Ind AS on Disclosures in the Financial Statements. Unit 1: Ind AS 24 Related Party Disclosures, Unit 2: Ind AS 33 Earnings per Share, Unit 3: Ind AS 108 Operating Segments
Practice Questions | Ind AS Puzzlers: Test Your Accounting Acumen
Module 4
Chapter 9: Ind AS 115 Revenue from Contracts with Customers
Chapter 10: Other Indian Accounting Standards. Unit 1: Ind AS 41 Agriculture, Unit 2: Ind AS 20 Accounting for Government Grants and Disclosure of Government Assistance, Unit 3: Ind AS 102 Share Based Payment
Chapter 11: Accounting and Reporting of Financial Instruments. Unit 1: Scope and Definitions, Unit 2: Classification and Measurement of Financial Assets and Financial Liabilities, Unit 3: Equity and Financial Liabilities, Unit 4: Derivatives and Embedded Derivatives, Unit 5: Recognition and Derecognition of Financial Instruments, Unit 6: Hedge Accounting, Unit 7: Disclosures
Comprehensive Illustrations | Test Your Knowledge | Practice Questions
Module 5
Chapter 12: Ind AS 103 Business Combinations
Chapter 13: Consolidated and Separate Financial Statements of Group Entities. Unit 1: Introduction to Consolidated and Separate Financial Statements, Unit 2: Important Definitions, Unit 3: Consolidated Financial Statements, Unit 4: Ind AS 110: Consolidation Procedure for Subsidiaries, Unit 5: Ind AS 111 Joint Arrangements, Unit 6: Ind AS 28 Investments in Associates and Joint Ventures, Unit 7: Ind AS 27 Separate Financial Statements, Unit 8: Disclosures
Chapter 14: Ind AS 101 First-time Adoption of Ind AS
Chapter 15: Analysis of Financial Statements
Chapter 16: Professional and Ethical Duty of a Chartered Accountant
Chapter 17: Accounting and Technology
Practice Questions | Ind AS Puzzlers: Test Your Accounting Acumen
Why Two Editions Exist and Which One You Need
ICAI revises the Study Material between attempts, so older and newer print runs sit on the portal together. We checked module by module, chapter by chapter, and unit by unit, and the two editions are structurally identical: the same five modules, the same seventeen chapters, and the same units. Only the underlying file references differ. The weightage table at the top of this page applies to both editions without adjustment.
If your book says “Applicable for May 2026 Exam Onwards” on the cover, use Edition 2. If it says “Applicable for May 2025, September 2025 and January 2026 Exam Onwards,” use Edition 1.
Using This Alongside Your Revision
Once you have worked through a chapter from the Study Material, test yourself with our CA Final RTP for revision questions. Our CA Final November 2026 datesheet shows how much time you have left.
If you are planning your revision schedule around this syllabus, our guide on how to revise the CA syllabus in 15 days breaks the process down step by step.
Frequently Asked Questions
What is the marks weightage for CA Final Financial Reporting?
Paper 1 is 100 marks across eight sections. Assets and Liabilities carry the most at 15-25%, followed by Items impacting Financial Statements at 15-20%, and Group Accounting at 10-20%, as detailed in the table above.
Is the CA Final Financial Reporting Study Material available for May 2027?
Not yet on the ICAI portal. Only Paper 4 and Paper 5 are listed for May 2027 so far, and we will add the Financial Reporting edition here once ICAI releases it.
Which edition of the Financial Reporting Study Material should I use for November 2026?
Use Edition 2, which ICAI lists as applicable for May 2026 onwards. Edition 1 was listed for the May 2025, September 2025, and January 2026 attempts.
Where do I download the official ICAI Study Material for Financial Reporting?
Every module, chapter, and unit PDF on this page is hosted directly on caharshgupta.com, downloaded from ICAI’s official BoS Knowledge Portal so the links stay stable and won’t break if ICAI reorganises its own site.
Should I use the RTP or the Study Material first?
Study Material first. It teaches the concepts in full. RTP comes after, once you already understand a topic, to practice applying it under exam conditions.
Source: ICAI BoS Knowledge Portal, Study Material (New Scheme), Final and Section-wise Weightages.
