Topic-wise weightage of CA Final May 2026
Candidates aspiring to pass the CA Final May 2026 exams must conduct a comprehensive analysis of the current exam pattern, chapter weightage, and paper trends to formulate a better preparation plan. The marks allotted to topics help candidates focus on the important chapters and manage their revision efficiently ahead of the CA Final May 2026 exams. In this article, we have compiled an elaborate analysis of the CA Final May 2026 exam papers with subject-wise topic coverage and observations.
CA Final May 2026 Exam Paper Analysis with Topic-wise Weightage
The CA Final May 2026 exams organized by the Institute of Chartered Accountants of India consisted of questions based on practical applications, concepts, and theoretical knowledge. The majority of the exams were moderate, while a few subjects were difficult and time-consuming. Candidates who frequently prepared through ICAI study material, RTPs, MTPs, and past exam papers performed well in their respective CA Final exams.
CA Final- Financial Reporting
Financial Reporting was the first paper of the CA Final, so in this paper, most of the questions came from the ICAI study material, and some were also new. It was an easy but lengthy paper. Most of the students couldn't complete it due to the length.
For more details, check the table below.
Question no. | Marks | Topic | Remarks |
1 (A) | 16 | Chain holding | The question is from past papers |
1 (B) | 4 | Ind AS 1 | Easy question to classify current and non-current assets |
2 (A) | 8 | Ind AS 16 & 40 | This question is from the study material, MTP, and past papers. The question is on the revaluation of property |
2 (B) | 12 | Ind AS 115 (Allocation of transaction price ) | This is a straightforward question from the study material |
3 (A) | 9 | Ind AS41 (Agriculture ) | The question is from the study material. |
3 (B) | 6 | Ind AS 36 | The question is from the study material. The question is to find out impairment loss. |
3 (C) | 5 | Ind AS 21 and 2 | The question is from the study material and RTP Nov 2019. Required to show impact on CFS, i.e., slightly involve Ind AS 110 |
4 (A) | 14 | Ind AS 109 (Employee loan at the concessional rate) | Same question from the study material and the Jan 2021 exam |
4 (B)-1 | 6 | Ind AS 101 (first-time adoption) | The question is from the study material |
4 (B)-2 |
| Corporate social responsibility | Easy question based on provisions of CSR |
5 (A) | 8 | Ind AS 33 | Study material question to find out Basic and Diluted EPS |
5 (B) | 8 | Ind AS 108 | This is an old question based on operating segments. There are bonus marks of 8 |
5 (C) | 4 | Ind As 116 | This is a new question based on an amendment. Lease - Rent concession is an easy question |
6 (A) | 5 | Ind AS 34 and 2 | This is a new question. Apportionment of fixed overheads based on normal capacity |
6 (B) | 5 | Ind AS 32 Financial instrument- compound instrument | Need to calculate the value of the financial liability and equity components. A similar question is in the study material. |
6 (C) | 5 | Ind AS 102 (Share-based payment) | This question is from the study material |
6 (D) | 5 | Ind As 103 Business combination | This question is from the RTP May 2019 and the Past paper Nov 2019. This question is on the acquisition of Intangible assets |
Many concepts that appeared in the ICAI course modules were repeated in the examination paper for those candidates who had revised well.
CA Final- Strategic Financial Management
The subject Strategic Financial Management (SFM) appeared to be moderate, except for some practical questions that were relatively difficult and conceptual. Many questions were based on the ICAI course modules and previous examination papers. Now you can check and review the old course v/s new course question paper with the suggested answers paper by clicking here
For more details, check the table below.
Question no. | Marks | Topic | Remarks |
1 (A) | 8 | International financial management | The question is from the study material |
1 (B) | 8 | Derivative | This is a basic question of hedging through futures |
1 (C) | 4 | Financial policy and Corporate strategy | Straight question of theory from the ICAI material |
2 (A) | 8 | Derivative | Repeated question to find out portfolio beta |
2 (B) | 8 | Interest rate risk management | This is also a basic question of a generic swap |
2 (C) | 4 | Risk management | Straight question of theory from chapter 2 (Value at Risk) |
3 (A) | 8 | Security valuation | This is an ambiguous question, but covered in the material. To prepare the income statement and find out the sustainable growth rate. |
3 (B) | 8 | Forex | This is a new question of invoicing |
3 (C) | 4 | Startup Finance | The risk matrix question comes from venture capital. This is a confusing question from the name risk matrix, i.e., stages of venture capital. |
4 (A) | 8 | Mutual Fund | Easy question from a mutual fund to find out the effective yield |
4 (B) | 8 | Security valuation | The question is from the study material |
4 (C) | 4 | Startup finance | Question on-pitch presentation |
5 (A) | 8 | Corporate valuation | Repeated sum |
5 (B) | 8 | Portfolio | Easy question to find out the beta of a portfolio, and to find out the weighted average beta |
5 (C) | 4 | Securitization | Straight question of theory, i.e., problems faced in the growth of securitization |
6 (A) | 8 | Merger and acquisition | Question to find out the cost of acquisition and gain from the acquisition |
6 (B) | 8 | Security/corporate valuation | Question of Buyback |
6 (C) | 4 | Derivative and Mutual Fund | Theory question on Interest rate swap from a derivative and tracking error from a mutual fund |
The students who had sound conceptual knowledge, along with consistent practice, found this paper easy.
CA Final- Advanced Auditing & Professional Ethics
It is believed that the advanced auditing and professional ethics paper was among the toughest for May 2026 since it contained long descriptive questions and conceptual knowledge. The multiple-choice questions were relatively easy, while the descriptive section involved good conceptual knowledge of standards on auditing and professional ethics.
Marks | Topic | Remarks | |
5 | SA 200 and the auditor's responsibility as per SA 240 | This is a simple question on material misstatements | |
5 | SA250+ CARO+Sec143(3) of Companies Act,2013 | The question is based on contingent liability | |
4 | Professional ethics | The question is from the revised module. Question is on the corporate form of practice- Council General Guidelines,2008 | |
5 | SA 250 + SA 570+ Ind AS 37 | This is a new question. Required depth study of matter | |
5 | Investigation of the valuation of shares | The question is from the investigation topic | |
4 | Tax Audit | Question is on clause 25- deemed profits and on Reporting of recovery of bad debts. | |
5 | SA 600 | The question is based on factors considered while accepting a position as principal auditor. | |
5 | Bank Audit- Reporting requirement | Not a tough question. The question is on the bank audit topic. | |
4 | GSTR-9c | The question is based on the recommendation of the auditor, binding on the management. | |
4 | Clause 8- Part I of the First Schedule to the CA Act, 1949 (professional ethics ) | Whether to accept the audit in case of a qualified report by the previous auditor | |
5 | Audit committee | The question is based on the whistleblower policy | |
5 | Management audit | The question is from the ICAI module. Based on a review of systems and procedures. | |
5 | Sections 130 and 131 of the Companies Act, 2013 | Question is on the recasting of financial statements (Company audit ) | |
5 | SA 220 and SQC-1 | The question is on the rotation of senior partners in the listed entities. Para 27 of SQC -1 | |
4 | Forensic Audit | The question is on reporting in a forensic audit. | |
5 | Risk assessment and internal control | The question is on the objectives of accounting control | |
5 | SA 700 | Para 51 from the pronouncements - When supplementary information is presented along with financial statements | |
4 | Audit of insurance | The question is about the general insurance company. | |
| Professional ethics | Responding to tender- clause 6 Part I of the first schedule to the CA Act. | |
| MCQ questions are from peer review, CFS, and Bank audit | Easy questions are worth 30 marks | |
Those students who paid more attention to the ICAI study material found most of the topics familiar in the question paper.
CA Final- Corporate & Economic Laws
This paper was viewed as average by most of the students, but it had some good length. There were some questions that had already appeared previously in exams and were based on the study material of ICAI.
Check the table below for the full details and weightage of this question paper.
Question no. | Marks | Topic | Remarks |
1 (A) | 4 | Managerial remuneration (Sec 197) | The question is from a past paper regarding provisions on commission and remuneration. |
(B) | 4 | Alternate director, Sec 161(2) | Question is from the past paper, Nov 2019 |
(C) | 6 | Related party (Sec 188) | This is an older question from the Nov 2018 exam |
2 (A) | 4 | Investigation( Sec 229 and 447) | The question is from the investigation topic |
(B) | 4 | Amalgamation and reconstruction | The question is on the scheme of reconstruction, Sec 230 will apply here( May 2017) |
(C) | 3 | FEMA | From the Foreign |
(D) | 3 | SARFAESI | Exchange Management Act: Easy question from SARFAESI |
3 (A) | 4 | Miscellaneous provisions | Sec 436 will apply here, Code of Criminal Procedure,1973 |
(B) | 4 | The company is incorporated outside India | It is a direct question (Sec 128 and 129) |
(C) | 3 | Money laundering | The question is regarding the provisions of money laundering ( Sec 8 of the Money Laundering) |
(D) | 3 | Money laundering | A simple question about money laundering |
4 (A) | 4 | SCRA | Easy question from SCRA |
(B) | 4 | SEBI | This is a new question, Sec 11C and 24B will apply here |
(C) | 3 | FCRA | The question is for administrative purposes |
(D) | 3 | FCRA | This is a past year's question |
5 (A) | 4 | Winding-up | This is a direct question from the winding-up chapter |
(B) | 4 | Miscellaneous provisions | The question is about an alternative resolution |
(C) | 3 | Insolvency and Bankruptcy Code | The question is about the resolution professional |
(D) | 3 | Insolvency and Bankruptcy Code | The question is on the validity of the meeting |
6 (A)-1 | 4 | Circular resolution | This is a new question, Sec 175 will apply here |
(A)-2 |
| Audit committee | Easy question from the audit committee |
(B) | 4 | Directors | Sec 165 of the Companies Act, 2013 will apply here |
(C) | 3 | Arbitration and Conciliation Act, 1996 | This is a past year's question |
(D) | 3 | Insolvency and Bankruptcy Code | This is a good question. Sec 9, IBC will be attracted here |
Those students who had good control over the legal provision and frequent revision scored higher in this test paper.
Advantages of Knowledge About the Weightage of Topics in the CA Final Examination
Chapter-wise weightage enables students to strategize their studies and give more emphasis to marks-carrying and frequent topics.
Advantages of Chapter-Wise Study:
- It assists in identifying the important chapters
- It enhances their revision approach
- It improves conceptual knowledge
- It enables the identification of frequently asked questions/topics
- It boosts students' confidence
- It assists in making their study plans more strategic
Those who study as per the marks obtained always score well in the CA Final examinations.
Conclusion
The papers of the CA Final May 2026 exam were moderate to moderately difficult and also conceptually balanced, wherein there was a great stress on concepts from ICAI books and practical questions. For subjects like Financial Reporting and Audit, one needed to be clear with conceptual knowledge as well as timing skills, whereas SFM and Law had a greater focus on practical knowledge and legal aspects.
Candidates who intend to appear for the CA final in the future should pay attention to the ICAI syllabus, RTPs, MTPs, mocks, and previous year question papers for their exam preparation.
CAtestseries.org wishes you luck with your CA journey.
Frequently Asked Questions (FAQs)
Is the CA Final May 2026 Financial Reporting paper tough?
The Financial Reporting paper was not very tough for candidates. But due to its lengthy nature, many students found it a bit tricky. Most questions were based on the ICAI Study Material.
Which paper of CA Final was tough in May 2026?
The Advanced Auditing & Professional Ethics paper was considered one of the toughest papers of the May 2026 examination cycle due to its lengthy descriptive-type questions.
Are ICAI study materials sufficient for CA Final preparation?
Yes, ICAI study materials are extremely important for preparing for the CA Final examinations. Most questions in the CA Final examination cycle have either a direct or an indirect connection with the study material of ICAI.
Why is topic-based weightage essential in CA Final exams?
Topic-wise weightage holds great importance when it comes to focusing on significant topics. It further assists students in organizing their study schedule efficiently.
What should the students do to better prepare for the CA Finals?
Some basic things need to be taken care of. Students should give importance to conceptual clarity, revision, mock tests, and solving previous year’s papers.
