CMA Final CFR Video,Syllabus, Notifications, books,Test


CMA Final CFR Video,Syllabus, Notifications, books,Test

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CMA Final Cfr Video,Syllabus,Notifications,books,Test and sanjay welkins classes

Sanjay Welkins Classes : A letter written By Professor 

 

Dear Student

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CMA Final Syllabus Structure

Paper 17: Corporate Financial Reporting

 

 

ASSESSMENT STRATEGY

 

There will be written examination paper of three hours.

 

OBJECTIVES - To understand the recognition, measurement, disclosure and analysis of information in an entity’s financial statements to cater the needs of the stakeholders.

Learning  Aims  -  The  syllabus  aims  to  test  the  student’s  ability  to:    Demonstrate  the  financial statements for understanding of stakeholders ; Analyze the impact of GAAP and its application for reporting and compliance ; Evaluate financial statements for strategic decision-making ; Interpret and apply the ongoing developments for financial reporting.

Skill  set  required  Level:  Requiring  skill  levels  of  knowledge,  comprehension,  application,  analysis, synthesis and evaluation.

 

 

SECTION A:

GAAP AND ACCOUNTING STANDARDS[20 MARKS ]

1.    Accounting Standards (a) Generally Accepted Accounting Principles in India (b) Overview of Accounting Standards (AS) (c) International Financial Reporting Standards (d) Over View of Ind AS


SECTION    B:   

ACCOUNTING    OF    BUSINESS                  COMBINATIONS         & RESTRUCTURING [20 MARKS ]

2.        Accounting of Business Combinations & Restructuring (as per Ind AS that is Ind AS 103)

(a)    Relevant Terms, Types of merger, methods of accounting, treatment of Goodwill arising on merger, Purchase consideration and settlement

(b)    Accounting in books of vendor/ transferor and transferee

(c)   Accounting for investment in subsidiary

(d)    Accounting for Mergers / Acquisitions (including chain holdings, cross holdings, multiple holdings)

(e)       Corporate Financial restructuring, Reconstruction Schemes, De- merger, Reverse merger

(g) Notes to Accounts & related disclosures under amalgamation

 

SECTION C:

CONSOLIDATED FINANCIAL STATEMENTS [20 MARKS ]

As per Ind AS 110 , 111, 112, 28

3.           Group Financial Statements (a) Concept of a group, Purposes of consolidated financial statements, Consolidation procedures, Non- controlling interest, Goodwill, Treatment Pre-acquisition profit and Post- acquisition profit and concept of Fair value at the time of acquisition. (b) Consolidation with two or more subsidiaries, consolidation with foreign subsidiary. (c) Consolidated Income Statement, balance Sheet and Cash Flow Statements for Group of companies. (d) Impact on group financial statements at the point of acquisition (e) Treatment of investment in associates in consolidated financial statements. Compare and contrast acquisition and equity methods of accounting (f) Treatment of investment in joint ventures in consolidated financial statements


SECTION D:

DEVELOPMENTS IN FINANCIAL REPORTING AND OTHER ITEM OF REPORTING [25 MARKS ]

4.       Recent trends in Financial Reporting

(a) Sustainability Reporting (b) Tripple Bottom Line Reporting (c) Corporate Social Responsibility Reporting (CSR Reporting)

(d) Fair Value Measurement ( Ind AS 113) (e) Integrated Reporting (IR) (f) Business Responsibility Reporting

5.           Valuation, Accounting and Reporting of Financial Instruments and others

(a)    Recognition & Valuation Financial Instruments (Ind AS) - Ind AS 107, 109, 32

(b)    GST Accounting

(c)   NBFC – Provisioning Norms and Accounting

(d)    Valuation of Shares

(e)    Valuation of Goodwill

6.        Share Based payments transactions (Ind AS) - Ind AS 102

7.       Reporting Through XBRL (Extended Business Reporting Language)

 

SECTION  E:

GOVERNMENT ACCOUNTING IN INDIA [15 MARKS]

8.         Government Accounting (a) General Principles and comparison with commercial accounting (b) Role of Comptroller and Auditor General of India (c) Role of Public Accounts Committee, Review of Accounts (d) Government Accounting Standards issued by Government Accounting Standards Advisory Board (GASAB) (e) Government Accounting and Reporting


3. Study Plan and Strategy CMA Final CFR Subject 

       Do the chapters in following sequence:

1.    Consolidated Accounts as per Ind AS 110 ; Do all the lectures

2.       Business Combination as per Ind AS 103: Do all the lectures

3.       Valuation of goodwill: Do at least 10 lectures out of 12 provided

4.       Valuation of shares : Do only 10 Lectures out of total 17 provided.

5.        Share based Payments ( Ind AS 102) : Do all the lectures

  6.        Financial Instruments ( Ind AS 107, 109 and 32): Do all lectures. Please Note also that we have not provided any separate notes for this topic as Questions have been dictated in the lecture itself and entire theory too has been dictated over there.

7.       Government accounting : Do all the lectures. separate notes too have been given.

8.       GST : all Lectures.

  9. Do only Ind AS 110, 103, 111, 112, 113 , 105, 27, 28

Ind AS

IFRS

Title of Ind AS/IFRS

101

1

First Time Adoption of Indian Accounting Standards

102

2

Share Based Payment

103

3

Business Combinations

104

4

Insurance Contracts

105

5

Non-current Assets Held for Sale and Discontinued

Operations

106

6

Exploration for and Evaluation of Mineral Resources

107

7

Financial Instruments: Disclosures

108

8

Operating Segments

109

9

Financial Instruments

110

10

Consolidated Financial Statements

111

11

Joint Arrangements

112

12

Disclosure of Interests in Other Entities

113

13

Fair Value Measurement

114

14

Regulatory Deferral Accounts

1

1

Presentation of Financial Statements

2

2

Inventories


7

7

Statement of Cash Flows

8

8

Accounting Policies, Changes in Accounting Estimates

and Errors

10

10

Events after the Reporting Period

11

11

Construction Contracts ( Now Replaced by Ind AS 115)

12

12

Income Taxes

16

16

Property, Plant and Equipment

17

17

Leases

18

18

Revenue ( Now Replaced by Ind AS 115)

19

19

Employee Benefits

20

20

Accounting for Government Grants and Disclosure of

Government Assistance

21

21

The Effects of Changes in Foreign Exchange Rates

23

23

Borrowing Costs

24

24

Related Party Disclosures

27

27

Separate Financial Statements

28

28

Investment in Associates and Joint Ventures

29

29

Financial Reporting in Hyperinflationary Economies

32

32

Financial Instruments: Presentation

33

33

Earnings per Share

34

34

Interim Financial Reporting

36

36

Impairment of Assets

37

37

Provisions, Contingent Liabilities and Contingent Assets

38

38

Intangible Assets

40

40

Investment Property

41

41

Agriculture

 

Wishing you all the success

§  Course Details ( after considering Notification)

§  Corporate Financial Reporting

§  Total Effective duration ( Considering above stated facts) : 200+ Hours

§  Total Number of Lectures (Effective that is which students need to study):

§  Duration of Lecture: No fixed duration may range from 30 Minutes to 60 Minutes.

 

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