Financial Reporting-I

Paper Code: 
BCP-511
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

BCP-511

Financial Reporting I

CO 147:Prepare and present Financial Statements in accordance with Indian Accounting Standards

CO 148:Integrate and solve problems in practical scenarios on Indian Accounting Standards for deciding the appropriate accounting treatment and formulating suitable accounting policies as per IND AS 115,8,10,113,1,34

CO 149:Recognize and apply disclosure requirements specified in Indian Accounting Standards while preparing and presenting the financial statements

CO 150:Prepare financial statements of group entities which includes subsidiaries, associates and joint arrangements based on Indian Accounting Standards

CO 151:Preparefinancial statements keeping in view Items impacting the Financial Statements

CO 152:Assess Liabilities of the Financial Statements including Industry specific Ind AS

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments

 

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation,

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

18.00

Framework for Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards (Ind AS)
Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements
Ind AS on First time adoption of Indian Accounting Standards (IND AS 101)

18.00

Ind AS on Presentation of Items in the Financial Statements (IND AS 1,34,7)
Ind AS on Measurement based on Accounting Policies (IND AS 8,10,113)
Ind AS on Income Statement (IND AS 115)

18.00

Ind AS on Assets of the Financial Statements (IND AS 2,16,116,23,36,38,,40,105)

18.00

Ind AS on Liabilities of the Financial Statements including Industry specific Ind AS (IND AS 19,37,41)
Ind AS on Items impacting the Financial Statements (IND AS 12,21)

18.00

Ind AS on Disclosures in the Financial Statements (IND AS 24,33,108)
Other Ind AS (IND AS 20,102)

References: 

1. Financial Reporting- M.P. VIJAYAKUMAR
2. Financial Reporting: Sekar G(C Sitaraman Co Pvt Ltd)
3. Financial Reporting: Praveen Sharam (Smart Teach Ltd)
4. Study Material Published by ICAI
5. Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd)

Academic Year: