FINANCIAL REPORTING II

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

Course Outcomes (COs):

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

  
 

CO 144:Prepare and present and analyze Financial Statements in accordance with Indian Accounting Standards

CO 145:Examine the corporate Social Responsibility Reporting

CO 146:Prepare consolidated financial statements of group entities which includes subsidiaries, associates and joint arrangements based on Indian Accounting Standards

CO 147:Prepare accounts for Corporate Restructuring (including demerger) (as per Ind AS)

CO 148:Develop an understanding of Accounting and Reporting of Financial Instruments (as per Ind AS)

Interactive Lectures, Discussion, Tutorials, Reading assignments. Self-learning assignments, Effective questions, Simulation, Seminar presentation

 

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

  

 

18.00
Unit I: 
  • Ind AS 1 “Presentation of Financial Statements”
  • Ind AS 113 “Fair Value Measurement”
  • Ind AS 116* “Leases”
18.00
Unit II: 
  • Ind AS 115* “Revenue from Contracts with the Customers”
  • Ind AS 40 “Investment Property”
  • Ind AS 12* “Income Taxes”
36.00
Unit III: 

  • Ind AS on Financial Instruments (it includes Ind AS 32, Ind AS 109, Ind AS 107) Financial Instruments: Scope and Definitions Classification and Measurement of Financial Assets and Financial Liabilities Financial Instruments: Equity and Financial Liabilities Derivatives and Embedded Derivatives Recognition and Derecognition of Financial Instruments Hedge Accounting Disclosures

9.00
Unit IV: 
  • Ind AS 102 “Share Based Payment”
  • Ind AS 41 “Agriculture”
  • First time adoption of Indian Accounting Standards (Ind AS 101)
9.00
Unit V: 

  • ·         Analysis of financial statements (as per Ind AS)

    ·         Ethics with Accounting Concepts

    Technology and Accounting

Essential Readings: 

ESSENTIAL READINGS: 

  • Study Material Published by Institute of Chartered Accountants of India

 

SUGGESTED READINGS:

  • Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd)
  • M.P. VIJAYAKUMAR; Financial Reporting
  • SekarG; Financial Reporting (C Sitaraman Pvt Ltd)
  • Praveen Sharam; Financial Reporting (Smart Teach Ltd)

 

References: 

E-RESOURCES:

 

JOURNALS:

  • The Chartered Accountant Journal /ICAI Student Journal

 

Academic Year: 
2023-2024
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