The Board of Studies (BoS) of the Institute of Chartered Accountant of India (ICAI) has now assigned weightage of marks to various sections of a subject. This facility would help students to plan their studies in a structured manner for the coming ICAI examinations.
Accordingly, each subject has been divided into various topics and topics have been grouped into sections and weightage range has been assigned to these sections. The question paper would take into consideration the weightage range assigned to different sections.
Following are the detail section wise weightage of marks assigned to the Paper-1 Financial Reporting of CA Final course examination to be held in November 2023 under New Scheme of Education and Training.
Financial Reporting: Section wise Marks Weightage
| Section | Weightage | Conents |
|---|---|---|
| I | 10% – 15% | 1. Framework for Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards (Ind AS). 2. Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements (i) Ind AS on First time adoption of Indian Accounting Standards (ii) Ind AS on Presentation of Items in the Financial Statements (iii) Ind AS on Measurement based on Accounting Policies |
| II | 10% – 15% | (iv) Ind AS on Income Statement |
| III | 15% – 25% | (v) Ind AS on Assets and Liabilities of the Financial Statements including Industry specific Ind AS |
| IV | 15% – 20% | (vi) Ind AS on Items impacting the Financial Statements (vii) Ind AS on Disclosures in the Financial Statements (viii) Other Ind AS |
| V | 10% – 20% | 3. Indian Accounting Standards on Group Accounting (i) Business Combinations and Accounting for Corporate Restructuring (including demerger) (as per Ind AS) (ii) Consolidated and Separate Financial Statements (as per Ind AS) |
| VI | 10% – 20% | 4. Accounting and Reporting of Financial Instruments (as per Ind AS) |
| VII | 5% -10 % | 5. Analysis of Financial Statements 6. Integrated Reporting 7. Corporate Social Responsibility Reporting |
Chapter wise weightage of CA Final Paper-1 FR
| Chapter Number | Weightage of Marks | Chapter Name and Topics |
|---|---|---|
| Chapter-1 Chapter-2 Chapter-6 Chapter-4 | 10-15 Marks | 1. Conceptual Framework for Financial Reporting under Indian Accounting Standards (Ind AS) 2. Ind AS on Presentation of Items in the Financial Statements [Ind AS 1, 7 and 34] 6. Ind AS 101 “First-time Adoption of Indian Accounting Standards” 4. Ind AS on Measurement based on Accounting Policies [Ind AS 8, 10 and 113] |
| Chapter-3 Chapter-8 | 10-15 Marks | 3. Ind AS 115 “Revenue from Contracts with Customers” 8. AS 41 “Agriculture” |
| Chapter-7 Chapter-9 | 15-20 Marks | 7. Ind AS on Assets of the Financial Statements [Ind AS 2, 16, 23, 36, 38, 40, 105 and 116] 9. Ind AS on Liabilities of the Financial Statements [Indi AS 19 and 37] |
| Chapter-10 Chapter-11 Chapter-5 | 15-20 Marks | 10. Ind AS on Items impacting the Financial Statements 11. Ind AS on Disclosures in the Financial Statements 5. Other Indian Accounting Standards [Ind AS 20 and 102] |
| Chapter-12 | 10-20 Marks | 12. Accounting and Reporting of Financial Instruments |
| Chapter-13 Chapter-14 | 10-20 Marks | 13. Business Combinations and Corporate Restructuring 14. Consolidated and Separate Financial Statements of Group Entities |
| Chapter-15 Chapter-16 Chapter-17 | 5-10 Marks | 15. Analysis of Financial Statements 16. Integrated Reporting 17. Corporate Social Responsibility Reporting |