Official ICAI · May 2025 · Financial Reporting

ICAI CA Final (Group 1) — Financial Reporting May 2025 Suggested Answer

The official ICAI Suggested Answer, Examiner Comments, and Question Paper for Financial Reporting (May 2025) — direct downloads from icai.org. Use our AI grader to check your own attempt against ICAI step-marking.

Paper 1 100 marks 3 hours May 2025

Official ICAI downloads

PDFs hosted on ICAI's own CDN. We don't re-host — we just link.

ICAI Suggested Answer

The full answer booklet as published by ICAI's Board of Studies for May 2025.

Examiner Comments

ICAI examiners' own notes on what students got wrong — closest thing to a rubric.

Question Paper

Not surfaced on BoS Live for this session.

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Syllabus — Financial Reporting

Chapters covered in this paper, per ICAI's New Scheme of Education and Training.

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

Other sessions of Financial Reporting

Same paper, different exam sessions — useful for spotting recurring question patterns.

Financial Reporting

Financial Reporting

Financial Reporting

Financial Reporting

Other May 2025 papers

Papers from the same exam session, other subjects.

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