This course will enable the students to acquire the ability to integrate and solve problems in practical scenarios on Indian Accounting Standards (Ind AS) for deciding the appropriate accounting treatment and formulating suitable accounting policies and gain the prowess to recognize and apply disclosure requirements specified in Indian Accounting Standards (Ind AS) while preparing and presenting the financial statements.
|
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
|
Course Code |
Course Title |
|||
|
25BCP511 |
Financial Reporting II (Theory)
|
CO 151 Prepare and present and analyze Financial Statements in accordance with Indian Accounting Standards and analyze Ind AS 113 and IndAS 115. CO 152 Examine Ind AS 116, Ind AS 40 and Ind AS 12 related to leases, Investment property and Taxes. CO 153 Classify and measure financial assets and liabilities and develop and understanding of share-based payments and financial instruments. CO 154 Develop an understanding of Derivatives, embedded derivatives, hedge accounting disclosures, and Recognition and de recognition of Financial Instruments (as per IndAS). CO 155 Identify and explain the key ethical issues and Analyze financial statements as per Ind AS. CO 156 Contribute effectively in course specific interaction. |
Approach in teaching: Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations
Learning activities for the students:
|
Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects. |
· Ind AS 1 “Presentation of Financial Statements”
· Ind AS 113 “Fair Value Measurement”
· Ind AS 115* “Revenue from Contracts with the Customers”
· Ind AS 116* “Leases”
· Ind AS 40 “Investment Property”
· Ind AS 12* “Income Taxes”
· Ind AS 102 “Share Based Payment”
· Ind AS 41 “Agriculture”
· First-time adoption of Indian Accounting Standards (Ind AS 101)
· 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 De recognition of Financial Instruments
· Hedge Accounting
· Disclosures
· Analysis of financial statements (as per Ind AS)
· Ethics with Accounting Concepts: Identify and explain the key ethical issues
· Technology and Accounting: Evolution of Accounting in the technological environment
· Study Material Published by Institute of Chartered Accountants of India
SUGGESTED READINGS:
· Scanner-Arun Kumar (Suchitra Prakashan (P) Ltd)
· Financial reporting- M.P. VIJAYAKUMAR
· Financial Reporting: Sekar G(C Sitaraman Co Pvt Ltd)
· Financial Reporting: Praveen Sharam (Smart Teach Ltd)
E-RESOURCES:
· https://www.icai.org/post/final-nset [2]
JOURNALS:
· The Chartered Accountant Journal /ICAI Student Journal
Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/financial-reporting-ii-9
[2] https://www.icai.org/post/final-nset
[3] https://accountingtaxation.iisuniv.ac.in/academic-year/2025-2026