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FINANCIAL REPORTING I
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Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|---|---|---|
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CO 157: Prepare and present Financial Statements in accordance with Indian Accounting Standards CO 158: 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 159: Recognize and apply disclosure requirements specified in Indian Accounting Standards while preparing and presenting the financial statements CO 160: Prepare financial statements of group entities which includes subsidiaries, associates and joint arrangements based on Indian Accounting Standards CO 161: Prepare financial statements keeping in view Items impacting the Financial Statements CO 162: Assess Liabilities of the Financial Statements including Industry specific Ind AS |
Interactive Lectures, Discussion, Tutorials, Reading assignments. Self-learning assignments, Effective questions, Seminar presentation,
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Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
• 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 Presentation of Items in the Financial Statements (IND AS 1, 34, 7)
• Ind AS on First time adoption of Indian Accounting Standards (IND AS 101)
• Ind AS on Measurement based on Accounting Policies (IND AS 8,10,113)
• Ind AS on Income Statement (IND AS 115)
• Ind AS on Assets of the Financial Statements (IND AS 2,16,116,23,36, 38,40,105)
• 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)
• Ind AS on Disclosures in the Financial Statements (IND AS 24,33,108)
• Other Ind AS (IND AS 20,102)
Study Material Published by Institute of Chartered Accountants of India
• Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd)
• M.P. VIJAYAKUMAR; Financial Reporting
• SekarG; Financial Reporting (C SitaramanPvt Ltd)
• Praveen Sharam; Financial Reporting (Smart Teach Ltd)
