Coming soon
Financial Reporting-I
(a) To acquire the ability to integrate and solve problems in practical scenarios on Accounting Standards, Guidance Notes and Indian Accounting Standards for deciding the appropriate accounting treatment and formulating suitable accounting policies.
(b) To develop an understanding of the various forms of reporting (other than financial statements) and accounting for special transactions, and apply such knowledge in problem solving.
Application of Existing Accounting Standards 15, 21, 23, 25, 27 and 28. (The students will also be required to apply other Accounting Standards if applicable in any of the questions).
Application of Guidance Notes issued by ICAI on specified accounting aspects.
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 -1,7,8,10,34,113, 115)
Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements (Ind AS-20, 101, 2, 16, 17, 23, 36, 38, 40, 105)
Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements (Ind AS- 19, 37, 12, 21, 24, 33, 108)
Consolidated and Separate Financial Statements (as per Ind AS)
Application of Industry specific and Transaction Specific Indian Accounting Standards (other than Business Combination, Financial Instruments and Share Based Payment)
Reference Books
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)
Note
(1)The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless
(2) If either old Accounting Standards (ASs), Accounting Standards interpretations(ASIs), Guidance Notes (GNs), Announcements and Limited Revisions to ASs are withdrawn or new ASs, GNs, announcements and Limited Revisions to AS are issued by the Institute of Chartered Accountants of India in place of existing ASs, ASIs, GNs, Announcements and Limited Revisions to AS, the syllabus will accordingly include/exclude such new developments in the place of the existing ones with effect from the date to be notified by the Institute.
