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CA Final Economic Laws Financial Services and Capital Markets Syllabus

CA Final Economic Laws Financial Services and Capital Markets Syllabus

CA Final Economic Laws Financial Services and Capital Markets Syllabus

CA Final Economic Laws Financial Services and Capital Markets Syllabus

CA Final Economic Laws Financial Services and Capital Markets Syllabus: This is one of the Elective paper for CA Final Exam. And the examination consists of 100 marks and you will be given 3 hours for the completion of the paper.

Why we need this, what is the importance and objective of the paper are mention below:

Economics law Financial Services and Capital markets syllabus is one important subject you can take grab on. This is to gain knowledge of the financial services rendered by intermediaries and bank their roles and activities in the financial market in general and capital market in particular. also it give the ability to apply knowledge in real life scenario.

CA Final Economic Laws Financial Services and Capital Markets Syllabus

  • Paper 1: Financial Reporting [100 Marks]
  • Paper 2: Strategic Financial Management [100 Marks]
  • Paper 3: Advanced Auditing and Professional Ethics [100 Marks]
  • Paper 4: Corporate and Allied Laws [100 Marks] Section A: Company Law [70 Marks] Section B: Allied Laws [30 Marks]

You can download CA Final syllabus and subjects pdf may 2018 by clicking on the image below:

CA Final Subjects

Syllabus of CA Final Economics Law Financial Services and Capital Markets and its contents are:

  1. Global Financial Markets
    1. Introduction to Global Financial Marketing
    2. Role of Financial Market in Economics Development of a country
    3. stakeholders in Financial Maket
    4. Indian Financial Market Scenario
  2. Impact of various Policies of Financial Markets
    1. Credit Policy of RBI
    2. Fed Policy
    3. Inflation Index, CPI, WPI, ETC.
  3. Capital Market-Primary
    1. New Issue Market-Domestic and Global
    2. private Placement, QIP, Disinvestment.
    3. Right Issue.
  4. Capital Market- Secondary
    1. Secondary Market
    2. Stock Market operations
    3. Indian Debt Market
  5. Money Maket
    1. Basics of Money Market
    2. Money Market Instruments
    3. Money Market Participants
    4. Repo and reserve repo.
    5. CRR, SLR
    6. MIBOR, LIBOR
    7. Government Security Market
  6. Institutions and Intermediaries
    1. Depository
    2. Stock and Commodity Exchange- Indian and Global
    3. Intermediaries
    4. Institutional Investors.
    5.  FPIs
    6. Custodians
    7. Clearing Houses
  7. Commodity Market
    1. What are commodity Markets
    2. Role of commodity markets
    3. Commodity market in India
    4. Application of derivative in commodities
    5. Global Commodities Exchanges
  8. Banking
    1. Banking-Management
      1. Capital Adequacy including RBI & Basel Norms
      2. Asset Reconstruction
      3. Asset-Liability Management(ALM)
    2. Banking as source of capital including NBFCs
      1. concept of project financing
      2. working capital management
      3. Reverse mortgage
  9. Mutual Funds
    1. Meaning
    2. Evolution
    3. Types
    4. Performance Measures, NAV
    5. Mutual fund organisation
    6. Advantage and disadvantage of mutual fund
    7. Exchange Traded Fund
    8. Real Estate Investment Trust
    9. Infrastructure investment Trust.
  10. Private Equality
    1. Meaning
      1. venture capital
      2. Buyouts
      3. special cases
      4. hurdle rate
      5. paid in capital
      6. term sheet
    2. Cost of Investing in private Equity
    3. Exit Routes.
    4. Valuation of private Equity transaction
    5. private equity fund
  11. Investment Banking
    1. Concept
    2. function
    3. challanges
    4. Development in investment banking
    5. Merchant Banking and issue management
  12. Credit Rating
    1. introduction
    2. rating Services
    3. objective and types
    4. uses
    5. credit rating process
    6. rating revisions
    7. credit rating agencies in India and Abroad
    8. Limitation with case studies
  13. Treasury operations
    1. rating and development of funds
    2. risk management
  14. Risk management
    1. Preventive controls
    2. Early signals
    3. Credit Risk
  15. Credit Derivatives
    1. credit default swaps
    2. collateralise debt obligations
    3. pricing of credit derivative instruments
  16. SEBI Guidelines

CA Final Economic Laws Financial Services and Capital Markets Syllabus

CA Final Economic Laws Financial Services and Capital Markets Syllabus  -The Paper 6 of CA Final would be elective paper and a student can choose any one of the elective papers:-

  1. Risk Management
  2. International Taxation
  3. Economic Laws
  4. Financial Services & Capital Markets
  5. Global Financial Reporting Standards
  6. Multidisciplinary Case Study

Before appearing for CA Final Exams, a CA Student would also be required to undergo 4 weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last 2 years of Article-ship but before appearing for CA Final Exams.

CA Final Economic Laws Financial Services and Capital Markets Syllabus – PAPER – 6A: ELECTIVE PAPER ON RISK MANAGEMENT (One paper – Three hours – 100 marks)

Objectives:

(a) To gain knowledge and an insight into the spectrum of risks faced by businesses and to learn techniques of managing risks.
(b) To build capability for applying such learning to address risk related issues in real-business scenarios.

  1. INTRODUCTION TO RISK
    • The Concept of Risk
    • Risk and Uncertainty : Distinction
    • Classification of Risks
    • Dynamic Nature of Risks
    • Types of Risk (illustrative list)
    • Strategic and Operational Risks
    • Business Risk
    • Financial Risk
    • Information Risk
    • Liquidity Risk
  2. SOURCE AND EVALUATION OF RISKS
    • Identification and Sources of Risk
    • Quantification of Risk and various methodologies
    • Impact of Business Risk
    • Identify and assess the impact upon the stakeholder involved in Business Risk
    • Role of Risk Manager and Risk Committee in identifying Risk
  3. RISK MANAGEMENT
    • Concept of Risk Management
    • Objective and Process of Risk Management
    • Importance of Risk Management
    • Risk Management techniques
  4. QUANTITATIVE ANALYSIS
    • Population and Sample Analysis
    • Bayesian analysis
    • Statistical inference and hypothesis testing
    • EWMA and GACH Model
    • Volatility
    • Artificial Intelligence and Business Analytics
  5. RISK MODEL
    1. VAR
    2. Stress Testing
    3. Scenario Analysis
    4. Country and Sovereign Risk Models and Management
  6. CREDIT RISK MEASUREMENT AND MANAGEMENT
    • Understanding the component of credit risk
    • Evaluating credit risk
    • Mitigating Credit risk
    • Qualitative and Quantitative techniques to manage risk
    • Credit scoring models
  7. RISK ASSOCIATED WITH CORPORATE GOVERNANCE
    • Evaluation of Risk Associated with Governance
    • Description and evaluation of framework for Board level consideration of risk
    • OECD Guidelines for Corporate Governance
  8. ENTERPRISE RISK MANAGEMENT
    • Definition, Scope and Techniques
  9. OPERATIONAL RISK MANAGEMENT
    • Definition, Scope and Techniques

Following topic are covered in the paper of Financial Management (Paper 7 Part I, Intermediate Level) and Strategic Financial Management (Paper – 2, Final Level) also forms the part of the syllabus

  • Risk Management in Investment Decisions
  • Foreign Exchange Risk
  • Interest Rate Risk

CA Final Economic Laws Financial Services and Capital Markets Syllabus – PAPER – 6B: ELECTIVE PAPER ON FINANCIAL SERVICES AND CAPITAL MARKETS (One paper – Three hours – 100 marks)

Objectives:

(a) To gain knowledge of financial services rendered by intermediaries and banks and their role and activities in the financial market in general and capital markets in particular;
(b) To acquire the ability to apply such knowledge to address issues in practical scenarios.

Contents:

  1. Global Financial Markets
    • Introduction to Global Financial Market
    • Role of Financial Market in Economic Development of a country
    • Stakeholders in Financial Market (Domestic and Global)
    • Indian Financial Market scenario
  2. Impact of various Policies of Financial Markets
    • Credit Policy of RBI
    • Fed Policy
    • Inflation Index, CPI, WPI, etc.
  3. Capital Market – Primary
    • New Issue Market – Domestic and Global
    • Private Placement , QIP, Disinvestment
    • Right Issue
  4. Capital Market – Secondary
    • Secondary Market
    • Stock Market Operations
    • Indian Debt Market
  5. Money Market
    • Basics of Money Market
    • Money Market Participants
    • Money Market Instruments
    • Repo and Reverse Repo
    • CRR, SLR
    • MIBOR, LIBOR
    • Government Securities Market
  6. Institutions and Intermediaries
    • Depository
    • Stock and Commodity Exchanges – Indian and Global
    • Intermediaries
    • Institutional Investors
    • FPIs
    • Custodians
    • Clearing Houses
  7. Commodity Market
    • What are Commodity Markets
    • Role of Commodity Markets
    • Commodity Market in India
    • Application of Derivative in Commodities
    • Global Commodities Exchanges
  8. Banking
    • Banking – Management
      • Capital Adequacy including RBI & Basel Norms
      • Asset Reconstruction
      • Asset –Liability Management (ALM)
    • Banking as source of Capital including NBFCs
      • Concept of Project Financing
      • Working Capital Management
      • Reverse Mortgage
  9. Mutual Funds
    • Meaning
    • Evolution
    • Types
    • Performance Measures, NAV
    • Mutual Fund Organisation
    • Advantages and Disadvantages of Mutual Fund
    • Exchange Traded Funds (ETFs)
    • Real Estate Investment Trusts (ReITs)
    • Infrastructure Investment Trusts (Invits)
  10. Private Equity
    • Meaning and Classification
      • Venture Capital
      • Buyouts
      • Special Cases
      • Hurdle rate
      • Paid in Capital
      • Term Sheet
    • Cost of Investing in Private Equity
    • Exit Routes
    • Valuation of Private Equity Transactions
    • Private Equity Funds (Distribution of returns in General Partner and Limited Partners)
  11. Investment Banking
    • Concept
    • Functions
    • Challenges
    • Developments in Investment Banking
    • Merchant Banking and issue management
  12. Credit Rating
    • Introduction
    • Rating Services
    • Objectives and types
    • Uses
    • Credit Rating Process
    • Credit Rating Methodology
    • Rating Revisions
    • Credit Rating Agencies in India and abroad
    • Limitations with case studies
  13. Treasury Operations
    • Raising and Deployment of Funds
    • Risk Management
  14. Risk Management
    • Preventive Controls
    • Early Signals
    • Credit Risk
  15. Credit Derivatives
    • Credit Default Swaps
    • Collateralized Debt Obligations (CDO)
    • Pricing of Credit Derivative Instruments
  16. SEBI Guidelines

CA Final Economic Laws Financial Services and Capital Markets Syllabus – PAPER – 6C: ELECTIVE PAPER ON INTERNATIONAL TAXATION
(One paper – Three hours – 100 marks)

Objective:

To develop an understanding of the concepts, principles and provisions relevant to international taxation and acquire the ability to apply such knowledge to make computations and address issues in practical case scenarios.

Content:

Part I. Taxation of International Transactions and Non-resident Taxation in India (50 Marks)

  1. Transfer Pricing provisions under the Income-tax Act, 1961
    • Arm’s Length Price
    • International Transactions
    • Most Appropriate Method
    • Functions, Assets and Risk Analysis
    • Documentation & Compliances
    • Specific Reporting Regime in respect of Country by Country reporting and master file
    • Advance Pricing Agreements
  2. Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961
    • Non-resident Taxation (including Source Rule of Taxation)
    • Double Taxation Relief
    • Advance Rulings
  3. Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – An Overview.

Part II: Other aspects of International Taxation (50 Marks)

  1. Overview of Model Tax Conventions
    • OECD Model Tax Convention
    • UN Model Tax Convention
    • US Model Tax Convention
  2. Tax treaties, Application and Interpretation
    • Features of Tax treaties
    • Overview of Tax Information Exchange Agreements
    • Commentaries and their importance
    • Role of Vienna Convention in application and interpretation of tax treaties
  3. Anti Avoidance Measures
    • Controlled Foreign Corporations
    • Base Erosion and Profit Shifting
    • Other Anti Avoidance Measures
  4. Taxation of E-Commerce Transactions
    • Introduction
    • Emerging issues
    • Equalisation levy

Note:

  1. Transfer Pricing in Part I to carry weightage of 30 marks.
  2. If any new legislation(s)are enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in the place of the existing legislation(s) with effect from the date to be notified by the Institute. Similarly, if any existing legislation(s)on direct tax laws ceases to be in force, the syllabus will accordingly exclude such legislation(s)with effect from the date to be notified by the Institute.
  3. The specific inclusions/exclusions in any topic covered in the syllabus, wherever required, will be effected by way of Study Guideline every year. Specific inclusions/exclusions in a topic may also arise due to additions/deletions made every year by the Annual Finance Act.

CA Final Economic Laws Financial Services and Capital Markets Syllabus  -PAPER – 6D: ELECTIVE PAPER ON ECONOMIC LAWS (One paper – Three hours – 100 marks)

Objective:
To develop an understanding of the provisions of different laws and acquire the ability to apply the knowledge to address issues in practical case scenarios.

Contents:

  1. World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism
  2. Competition Act, 2002 and Rules/ Regulations
  3. Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/ Regulations]
  4. Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations
  5. Prevention of Money Laundering Act, 2002 and Rules/ Regulations
  6. Foreign Exchange Management Act, 1999 and Rules/ Regulations
  7. Prohibition of Benami Property Transactions Act, 1988 and Rules/ Regulations

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute. Similarly if any existing legislation ceases to have effect, the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute.

The specific inclusions/exclusions in the various topics covered in the syllabus will be effected every year by way of Study Guidelines, if required.

CA Final Economic Laws Financial Services and Capital Markets Syllabus  – PAPER – 6E: ELECTIVE PAPER ON GLOBAL FINANCIAL REPORTING STANDARDS (One paper – Three hours – 100 marks)

Objective:

  1. To develop an understanding of the key concepts and principles of International Financial Reporting Standards and to acquire the ability to apply such knowledge to address issues and make computations in practical case scenarios.
  2. To develop an understanding of the significant differences between IFRS and US GAAPs and apply the same in practical case scenarios.

Content:

  1. Conceptual Framework for Financial Reporting as per IFRS – 10 Marks
  2. Application of International Financial Reporting Standards – 70 Marks
  3. Significant differences between IFRS and US GAAPs – 20 Marks

CA Final Economic Laws Financial Services and Capital Markets Syllabus – PAPER – 6F: ELECTIVE PAPER ON MULTIDISCIPLINARY CASE STUDY
(One paper – Three hours – 100 marks)

Objective:

To analyse and integrate the concepts, principles and provisions of accounting, auditing, taxation, corporate laws, finance and business strategy and management to address issues in practical case scenarios

This paper will cover Case Studies based on the following subjects.

  • Financial Accounting and Reporting
  • Audit and Assurance
  • Taxation
  • Finance and Financial Management
  • Management Accounting
  • Corporate Laws
  • Business Strategy and Management

CA Final Economic Laws Financial Services and Capital Markets Syllabus

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