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Corporate Financial Reporting (CFR) (Paper-18) CMA Final Group 4

Taught by Faculties:

CA CMA Santosh Kumar
CA CMA Santosh Kumar
Corporate Financial Reporting (CFR) (Paper-18)

₹7735 – ₹9435

CA Abhishek Kaushik
CA Abhishek Kaushik
Corporate Financial Reporting (CFR) (Paper-18)

₹3000 – ₹4000

Syllabus

SECTION A: INDIAN ACCOUNTING STANDARDS [25%]

1. Specific Accounting Standards - 25% 
  • Accounting Policies, Changes in Accounting Estimates and Errors (Ind AS 8) 
  • Income Taxes (Ind AS 12) 
  • Property, Plant and Equipment (Ind AS 16) 
  • Leases (Ind AS 116) 1.5 The Effects of Changes in Foreign Exchange Rates (Ind AS 21) 
  • Borrowing Costs (Ind AS 23) 
  • Impairment of Assets (Ind AS 36) 
  • Intangible Assets (Ind AS 38) 
  • Share-based Payment (Ind AS 102)
  • Operating Segments (Ind AS 108) 
  • Fair Value Measurement (Ind AS 113) 
  • Revenue from Contracts with Customers (Ind AS 115) 


SECTION B: VALUATION OF SHARES, ACCOUNTING, AND REPORTING OF FINANCIAL INSTRUMENTS AND NBFCs [15%]

2. Valuation of Shares (including Determination of Goodwill, Post-valuation of Tangible and Intangible Assets) - 5%
3. Accounting of Financial Instruments - 5%
4. NBFCs – Provisioning Norms, Accounting, and Reporting - 5%


SECTION C: ACCOUNTING FOR BUSINESS COMBINATION & RESTRUCTURING (IN COMPLIANCE WITH IND ASs) [20%]

5. Accounting for Business Combination and Restructuring - 20% 
  • Introduction 
  • Accounting for Business Combination (Basic Level) with Simple Examples 
  • Absorptions, Amalgamations, External Reconstruction 
  • Detailed Discussion on Business Combination 
  • A Business Combination Achieved in Stages 
  • Reverse Acquisition 
  • Purchase of Shares from/Sale to Non-controlling Interest not Resulting in Loss of Control of the Acquirer 
  • Sale of Holding resulting in Loss of Control of the Acquirer over the Acquiree 
  • Business Combination under Common Control (Appendix C of Ind AS 103) 
  • Disclosures 
  • Difference between Ind AS 103 and AS 14. 
  • Internal Reconstruction (Capital Reduction)


SECTION D: CONSOLIDATED FINANCIAL STATEMENTS AND SEPARATE FINANCIAL STATEMENTS (IN COMPLIANCE WITH IND ASs) [20%]

6. Consolidated Financial Statements and Separate Financial Statements - 20%
  • Introduction to Consolidation 
  • Concept of Significant Influence, Joint Control, and Control as per Ind AS 
  • Consolidation Procedure for Investment in Associates, Joint Ventures, and Subsidiaries 
  • Measurement of Fair Value of Net Assets, Non-controlling Interest, Goodwill/ Gain on Bargain Purchase, Consolidated Other Equity (including Measurement of Investments under Equity Method)
  • Accounting and Reporting in Consolidated Financial Statements and in Separate Financial Statements at Acquisition Date - Introductory Examples. 
  • Consolidated Financial Statements and Separate Financial Statements at Subsequent Reporting Date - Introductory Examples. 
  • Consolidated and Separate Financial Statements of Group Entities - Advanced Level Discussion and Examples (including Inter-company Investments, Chain Holding, Crossholding and Other Relevant Matters) 
  • Accounting and Reporting of Joint Operation. 
  • Disclosures


SECTION E: RECENT DEVELOPMENTS IN FINANCIAL REPORTING [10%]

7. Recent Developments in Financial Reporting - 10%
  • 4P Bottom Line Reporting 
  • Sustainability Reporting and Global Reporting Initiative 
  • Business Responsibility and Sustainability Report 
  • Integrated Reporting 
  • Corporate Social Responsibility Reporting in India 
  • Environmental, Social, and Governance (ESG) 
  • Human Resource Reporting 
  • Value Added Statement 
  • Economic Value Added and Market Value Added 
  • Reporting through XBRL (eXtensible Business Reporting Language) 
  • Quarterly Earnings Call Management 


SECTION F: GOVERNMENT ACCOUNTING IN INDIA [10%]

8. Government Accounting in India - 10%
  • General Principles and Comparison with Commercial Accounting 
  • Role of Comptroller and Auditor General of India 
  • Role of Public Accounts Committee, Review of Accounts 
  • Government Accounting Standards issued by Government Accounting Standards Advisory Board (GASAB) 
  • Government Accounting and Reporting