FINANCIAL REPORTING I

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

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

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,

 

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 Presentation of Items in the Financial Statements (IND AS 1, 34, 7)

18.00

• 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)

26.00

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

14.00

• 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)

14.00

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

Essential Readings: 

Study Material Published by Institute of Chartered Accountants of India

References: 

• 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)

Academic Year: