Aspire Academy/Cafinal

Overview

This is the last stage of the Chartered Accountancy curriculum.
Final level consists of two groups of 3 papers each (i.e. 6 papers in total)
Examinations are held twice a year in the months of May and November
A student can study and appear in the examination group-wise or both the groups together.
Proficiency Level expected is Expert Knowledge

Eligibility

Student can register for the Final Course any time after passing both the groups of Intermediate Examination. At the time of registration for Final Course, students would also be registering for Self-Paced Online Modules.

Subjects covered in Final Course

Group-I

Paper-1 Financial Reporting (100 Mark)

Paper-2 Advanced Financial Management (100 Marks)

Paper-3 Advanced Auditing, Assurance and Professional Ethics (100 Marks)

Group-II

Paper-4 Direct Tax Laws and International Taxation (100 Marks)

Paper-5 Indirect Tax Laws (100 marks)

Paper-6

Integrated Business Solutions (100 marks)

(Multidisciplinary case study with Strategic Management)

Note

There will be 30% case scenario/ case-study based MCQs and 70% descriptive questions in all the six papers of Final Examination.
There will be no negative marking for Objective type questions.
Assessment for Paper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management) which is entirely case study based, would be open book examination. Assessment for all the other five papers would be through closed book examination

Passing criteria in Intermediate Examination

A student is declared to have passed in both the groups of Final Examination simultaneously, if he/she – secures at one sitting a minimum of 40% marks in each paper of each of the groups and a minimum of 50% marks in the aggregate of all the papers of each of the groups, or
secures at one sitting a minimum of 40% marks in each paper of both the groups and a minimum of 50% marks in the aggregate of all the papers of both the groups taken together.
Alternatively, a student is declared to have passed in a group, if he/she secures at one sitting a minimum of 40% marks in each paper of the group and a minimum of 50% marks in the aggregate of all the papers of that group. He/she can pass both the groups individually in different sittings.

Exemption Criteria

If a student has appeared in all the papers in a Group and fails in one or more papers but secures a minimum of 60% marks in any paper or papers of that Group, he/she shall be exempted for that paper or papers in which he/she has secured 60% or more marks for the immediately next three following examinations. The student will be required to obtain a minimum of 40% marks in each of the remaining paper(s) and a minimum of 50% marks in the aggregate of all the papers including the exempted paper(s) to pass the Group

If the student was not able to pass the said Group in the following three attempts and has exhausted the exemption granted to him/her, the student may opt for continuing of the said exemption to the subsequent examinations provided that he/she shall be required to obtain a minimum of 50% marks in each of the remaining paper or papers of that Group in order to pass that Group

Validity of Registration

The validity period of registration in the Final Course is for 10 years from the date of registration in the Final Course which can be revalidated every 10 years with revalidation fee of Rs.500/-.

Courses

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