Official ICAI · May 2026 · Financial Reporting

ICAI CA Final (Group 1) — Financial Reporting May 2026 Suggested Answer

The official ICAI Suggested Answer, Examiner Comments, and Question Paper for Financial Reporting (May 2026) — 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 2026

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 2026.

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Examiner Comments

Not published by ICAI for this session.

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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 Introduction to Indian Accounting Standards
2 Conceptual Framework for Financial Reporting under Ind AS
3 Ind AS on Presentation of Items in the Financial Statements (Ind AS 1, 34, 7)
4 Ind AS on Measurement based on Accounting Policies (Ind AS 8, 10, 113)
5 Ind AS on Assets of the Financial Statements (Ind AS 2, 16, 23, 36, 38, 40, 105, 116)
6 Ind AS on Liabilities of the Financial Statements (Ind AS 19, 37)
7 Ind AS on Items impacting the Financial Statements (Ind AS 12, 21)
8 Ind AS on Disclosures in the Financial Statements (Ind AS 24, 33, 108)
9 Ind AS 115 Revenue from Contracts with Customers
10 Other Indian Accounting Standards (Ind AS 41, 20, 102)
11 Accounting and Reporting of Financial Instruments (Ind AS 32, 107, 109)
12 Ind AS 103 Business Combinations
13 Consolidated and Separate Financial Statements of Group Entities (Ind AS 110, 111, 28, 27, 112)
14 Ind AS 101 First-time Adoption of Indian Accounting Standards
15 Analysis of Financial Statements
16 Professional and Ethical Duty of a Chartered Accountant
17 Accounting and Technology
18 Integrated Reporting and CSR Reporting (not in the syllabus from May 2026)
19 Old Scheme topics (not in the New Scheme syllabus)