Financial Reporting-II

Paper Code: 
BCP-611
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Co

Course Objectives:

·         To acquire the ability to integrate and solve problems in practical scenarios on Indian                                  Accounting Standards for deciding the appropriate accounting treatment and formulating suitable accounting                          policies.

·          To gain the prowess to recognize and apply disclosure requirements specified in Indian Accounting                          Standards while preparing and presenting the financial statements.

·          To develop the skill to prepare financial                          statements of group entities which includes subsidiaries, associates and joint arrangements based on Indian                            Accounting Standards.

·         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.

 

Course Outcomes (COs): 

 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

BCP-611

Financial Reporting II
  • CO 181 To develop an understanding of the Framework for preparation and presentation of Financial Statements in accordance with Indian Accounting Standards
  • CO 182 To acquire the ability to integrate and solve problems in practical scenarios on Indian Accounting Standards for deciding the appropriate accounting treatment and formulating suitable accounting policies
  • CO 183 To gain the prowess to recognize and apply disclosure requirements specified in Indian Accounting Standards while preparing and presenting the financial statements
  • CO 184 To develop the skill to prepare financial statements of group entities which includes subsidiaries, associates and joint arrangements based on Indian Accounting Standards
  • CO 185 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

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments

 

Learning activities for the students:

Self learning assignments, Effective questions, Simulation, Seminar presentation

 

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

 

5.00
Unit I: 
-
  • Analysis of Financial Statements
  • Integrated Reporting
  • Corporate Social Responsibility Reporting

 

12.00
Unit II: 
-
  • Indian Accounting Standards on Consolidated and Separate Financial Statements (as per Ind AS)

 

8.00
Unit III: 
-
  • Accounting and Reporting of Financial Instruments (as per Ind AS)

 

8.00
Unit IV: 
-
  • Accounting and Reporting of Financial Instruments (as per Ind AS)

 

12.00
Unit V: 
-
  • Indian Accounting Standards on Business Combinations and Accounting for Corporate Restructuring (including demerger) (as per Ind AS)

 

References: 
  • Financial Reporting- M.P. VIJAYAKUMAR
  • Financial Reporting: SekarG(C Sitaraman Co Pvt Ltd)
  • Financial Reporting: Praveen Sharam (Smart Teach Ltd)
  • Study Material Published by ICAI
  • Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd)

 

Academic Year: 
2020-2021
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