Official ICAI · Paper 1 · 6 sessions

ICAI CA Final (Group 1) — Financial Reporting Past Papers & Suggested Answers

Every published exam session for Financial Reporting, newest first — with direct links to ICAI's own Suggested Answer, Examiner Comments and Question Paper PDFs. Most recent: January 2026.

Paper 1 100 marks 3 hours 70% descriptive · 30 marks of case-scenario MCQs

Financial Reporting subject guide

Every Financial Reporting exam session

5 of 6 have an official Suggested Answer

ICAI has not published a Suggested Answer for this sitting yet.

Question Paper

November 2024

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Suggested Answer PDF Examiner Comments

May 2024

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Suggested Answer PDF Examiner Comments

What Financial Reporting covers

The 18 chapters ICAI examines in this paper under the New Scheme. Every past paper above is set from this syllabus.

1 Framework for Preparation and Presentation of Financial Statements
2 Application of Indian Accounting Standards (Ind AS)
3 Ind AS on Presentation of Items in the Financial Statements (Ind AS 1, 34, 7)
4 Ind AS 115 Revenue from Contracts with Customers
5 Ind AS on Measurement-based on Accounting Policies (Ind AS 8, 10, 113)
6 Other Ind AS (Ind AS 20, 102, 101)
7 Ind AS 116 Leases
8 Ind AS on Assets (Ind AS 2, 16, 23, 36, 38, 40, 105)
9 Ind AS on Liabilities (Ind AS 19, 37)
10 Ind AS on Items Impacting Financial Statements (Ind AS 12, 21)
11 Ind AS on Disclosures in Financial Statements (Ind AS 24, 33, 108)
12 Accounting and Reporting of Financial Instruments (Ind AS 32, 107, 109)
13 Business Combinations and Corporate Restructuring (Ind AS 103)
14 Consolidated Financial Statements (Ind AS 110, 111, 112, 27, 28)
15 First-time Adoption of Ind AS (Ind AS 101)
16 Analysis of Financial Statements
17 Integrated Reporting
18 Corporate Social Responsibility Reporting

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