CA Final is the last level of Chartered Accountancy examinations. A person can take the Final Examination after passing CA Intermediate course (IPCC in old scheme) and 2.5 years of articleship. The Council of the Institute of Chartered Accountants of India (ICAI) has announced the date sheet for CA Final May 2018 exam.
The Exam Schedule for CA Final May 2018 as per new scheme and existing scheme will begin from Wednesday, May 02, 2018. This post contains the complete details of CA Final Time Table, Fees, Exam Date Sheet for Group 1 and Group 2, for May 2018 Exams.
It is considered as one of the toughest exams in the world. Any person who has passed both the groups of IPCC, during the last six months of articleship can take the Final Examination. CA Final May 2018 exam, as per new scheme and old scheme has two groups of total eight subjects, 4 subjects in each group of 100 marks each. This exam consists of two groups of four subjects each.
CA Final Time Table for May 2018 will have a gap of one day each between each exam. Students must note that the timings of the CA Final May 2018 exams are from 10.30 AM to 1.30 PM, earlier it used to be conducted in afternoon session.
A passing grade in Final is awarded if the candidate obtains 40% marks in each subject and an aggregate of 50% in the aggregate in each group. The benefit of set-off is also available if the candidate appears for both groups together and obtains 50% collectively in both groups, even if he fails to obtain an individual aggregate of 50% in each group independently.
READ Too: Chartered Accountant Career Options, Just Not Limited To Finance
CA Final Course Examination (Under Existing Scheme)
Group I:
- Paper 1: Financial Reporting
- Paper 2: Strategic Financial Management
- Paper 3: Advanced Auditing and Professional Ethics
- Paper 4: Corporate and Allied Laws
Group II:
- Paper 5: Advanced Management Accounting
- Paper 6: Information Systems Control and Audit
- Paper 7: Direct Tax Laws
- Paper 8: Indirect Tax Laws
CA Final Course Examination (Under Revised Scheme)
Under the new CA Final Revised Syllabus, ISCA has been removed. Instead, Paper 6 is made as an ‘Elective Paper’. Students can choose any of the below mentioned Optional papers. Also, Paper 8, Indirect Tax part will have GST for 75 Marks and Customs for 25 Marks. Paper 5 will now be Strategic Cost Management and Performance Evaluation.
Group I:
- Paper 1 : Financial Reporting
- Paper 2 : Strategic Financial Management
- Paper 3 : Advanced Auditing and Professional Ethics
- Paper 4 : Corporate and Economic Laws
Group II:
- Paper 5 : Strategic Cost Management & Performance Evaluation
- Paper 6 : Elective Paper (Risk Management/ Financial Services & Capital markets/ International taxation / Economic laws)
- Paper 7 : Direct Tax Laws and International Taxation
- Paper 8 : Indirect Tax Laws
READ Too: What Challenges, CA Students Facing In India?
CA Final May 2018 (Old Scheme) Examination Time Table
CA Final May 2018 Exam Time Table has been provided below. As already mentioned, the next CA Final Exams will be held from 2nd May. The First exam of CA Final is Financial Reporting Paper. The exams will be held in morning Session: 10.30 PM to 01.30 PM (IST).
| Subject | Exam Date |
| Financial Reporting (FR – Group 1) | Wednesday, May 02, 2018 |
| Strategic Financial Management (SFM – Group 1) | Friday, May 04, 2018 |
| Advanced Auditing & Professional Ethics (Auditing – Group 1) | Sunday, May 06, 2018 |
| Corporate and Allied Laws (Law – Group 1) | Tuesday, May 08, 2018 |
| Advanced Management Accounting (AMA – Group 2) | Thursday, May 10, 2018 |
| Information Systems Control and Audit (ISCA – Group 2) | Saturday, May 12, 2018 |
| Direct Tax Laws(Group 2) | Monday, May 14, 2018 |
| Indirect Tax Laws (Group 2) | Wednesday, May 16, 2018 |
CA Final May 2018 (Revised Scheme) Examination Time Table
CA Final May 2018 Exam Time Table has been provided below. The First exam of CA Final is Financial Reporting Paper. The exams will be held in morning Session: 10.30 PM to 01.30 PM (IST).
| Subject | Exam Date |
| Financial Reporting (FR – Group 1) | Wednesday, May 02, 2018 |
| Strategic Financial Management (SFM – Group 1) | Friday, May 04, 2018 |
| Advanced Auditing & Professional Ethics (Auditing – Group 1) | Sunday, May 06, 2018 |
| Corporate and Other Economic Laws (Law – Group 1) | Tuesday, May 08, 2018 |
| Strategic Cost Management and Performance Evaluation (SCMPE – Group 2) | Thursday, May 10, 2018 |
| Elective Paper (Risk Management/ Financial Services & Capital markets/ International taxation / Economic laws) (Group 2) | Saturday, May 12, 2018 |
| Direct Tax Laws and International Taxation(Group 2) | Monday, May 14, 2018 |
| Indirect Tax Laws (Group 2) | Wednesday, May 16, 2018 |
ALSO READ: ICAI Desires Post Graduation Status For CA Qualification
ICAI Examination Centres
Total 192 major cities and places are located as Examination Centres in India, provided that a sufficient number of candidates offer themselves to appear from the centre. There are also international centres for overseas students –
- ABU DHABI
- DUBAI
- KATHMANDU
- MUSCAT
CA Final May 2018 Examination Fee
The examination fees for CA Final Course Examinations {Existing and Revised Scheme} is as follows –
| For Single Group | For Both Group | |
| For Indian Centre | INR 1800/- | INR 3300/- |
| For Overseas Centre(s) i.e. Abu Dhabi, Dubai & Muscat | US$ 325 | US$ 550 |
| For Kathmandu Centre | INR 2200/- | INR 4000/- |
CA Final May 2018 Application Window
- Applications for admission to Intermediate (IPC) examinations are required to apply online at http://icaiexam.icai.orgfrom February 5, 2018, to February 26, 2018, and remit the examination fee online by using VISA or MASTER Credit / Debit Card.
- Additional INR 600/- (for Domestic & Kathmandu centres) and US$ 10 (for Overseas centres) towards late fee remit in case the application online is made after February 26, 2018, and up to March 05, 2018.
READ Too: Certificate Course On Forex And Treasury Management (FXTM) By ICAI
Study Plan for CA Final May 2018 Exam
Students are advised to draw your own CA Final Study Time Table and Schedule for May 2018 exam for both preparation and revision. AfterGraduation recommend
- Students to spend at least 3 hours a day, for 3 months, for preparing for Group 1.
- Study Smart and practice most topics in the book.
- Students to spend at least 2 hours a day, for 2 months, for preparing for Group 2.
- Allocate sufficient time for Tax and Accounts in your Study Time Table for May 2018 exam, as both are scoring subjects.
- CA Final May 2018 exam will have a good number of amendments in Taxpaper, so keep that in mind.
- CA Final May 2018 paper is likely going to be lengthy and tricky, so students are advised to practice more and more practical problems, by putting more importance on practice manual into the study timetable.
Please Also Note
- Last date for submission of online without late fee – February 26, 2017
- Please note that sale & submission of OMR examination application form has been discontinued w.e.f. May 2017 examinations onwards.
- Candidates of CA Final (New and Old Course) Examinations will be allowed to opt for Hindi medium for answering papers. Detailed information will be found printed in the Guidance Notes, available on the ICAI website.
If you have any question or query about CA Results then either leave the comment in below comment box or post on AfterGraduation Forum. Connect with us on Linkedin, Facebook, and Twitter for more updates on ICAI CA Exams, CA Results, Other professional courses, Post qualification courses and their preparation among others or you can write to us at my.counselor@aftergraduation.co.in.
