Taxmann CA Final Financial Reporting (Set of 2 Volume) New Syllabus By Parveen Sharma,Kapileshwar Bhalla Applicable for May 2021 Exam

Taxmann CA Final Financial Reporting Book | Taxmann CA Final New Syllabus Financial Reporting Parveen Sharma

Taxmann CA Final Financial Reporting Book | Taxmann CA Final New Syllabus Financial Reporting Parveen Sharma

Description of Taxmann CA Final Financial Reporting Book:

This book serves as a guide for students, in order to enhance their ability to integrate and solve problems in practical scenarios on Accounting Standards, Guidance Notes and Indian Accounting Standards (‘Ind AS’). It also helps the students in deciding the appropriate accounting treatment and formulation of suitable accounting policies. Lastly, this book helps the students in understanding, various forms of reporting (other than financial statements), and accounting for special transactions with a problem-solving objective. (Objective of ICAI’s Syllabus for Paper 1 – Financial Reporting).

The Present Publication authored by CA Parveen Sharma & CA Kapileshwar Bhalla, is the 4^th Edition for New Syllabus (Updated till 31-10-2020 & amended by Companies (Ind AS) Amendment Rules 2020), with the following noteworthy features:

Coverage of this book includes

• ‘Financial Instruments’ (Ind AS 32, 109 & 107)
• ‘Revenue’ (Ind AS 115)
• ‘Leases’ (Ind AS 116)
• ‘Business Combination’ (Ind AS 103)
• ‘Consolidation’ (Ind AS 110,111,28 & 27)
• Companies (Ind AS) Amendment Rules, 2020
• CA (Final) – November 2020 Exam | New Syllabus
• [970+] Case studies, Clarifications and Examples have been given at various places in the book, to make students understand the complexities involved in Ind AS
• As per the revised syllabus announced by ICAI

[Student-Oriented Book] The authors have developed this book, keeping in mind the following factors:

• Interaction of the authors with his/her students, with specific emphasis on difficulties faced by students in the examinations
• Shaped by the author’s experience of teaching the subject matter at different levels
• Reaction and responses of students have also been incorporated at different places in the book
• Special emphasis has been given by the authors, on Ind AS, strictly from an examination point of view (including differences between AS and Ind AS and carve-in & carve-outs with respect to IFRS)
• [970+] Case studies, Clarifications, and Examples have been given at various places in the book, to make students understand the complexities involved in Ind AS
• Also, in order to address the complicated standards, various Examples, Diagrams, Charts, Clarifications and Explanations have been incorporated
• [Self-preparatory Book] The book has been written in a classroom-style-teaching methodology so that average students can understand & master the subject without assistance
• [Thoroughly Amended] Amendments related to IND AS-103, 116, and other amendments have been incorporated.
• Companies (Ind AS) Amendment Rules, 2020

Contents of this book are as follows

Part 1

1. Framework for Preparation and Presentation of Financial Statements
2. Ind AS on Presentation of Items in the Financial Statements
3. Ind AS 1: Presentation of Financial Statements
4. Ind AS 34: Interim Financial Reporting
5. Ind AS 7 Cash Flow Statement
6. Ind AS 115: Revenue from Contracts with Customers
7. Ind AS on Measurement based on Accounting Policies
8. Ind AS 8: Accounting Policies, Changes in Accounting Estimates and Errors
9. Ind AS 10: Events after the Reporting Period
10. Ind AS 113: Fair Value Measurement
11. Other Ind AS
12. Ind AS 20: Accounting for Government Grants and Disclosure of Government Assistance
13. Ind AS 101: First Time Adoption of Ind AS

Part 2

14. Ind AS on Assets of the Financial Statements
15. Ind AS 2: Valuation of Inventory
16. Ind AS 16: Property, Plant and Equipment
17. Ind AS 23: Borrowing Cost
18. Ind AS 36: Impairment of Assets
19. Ind AS 38: Intangible Assets
20. Ind AS 40: Investment Property
21. Ind AS 105: Non-Current Assets held for Sale and Discontinued Operations
22. Industry Specific Ind AS
23. Ind AS 41: Agriculture
24. Ind AS on Liabilities of the Financial Statements
25. Ind AS 19: Employee Benefits
26. Ind AS 37: Provisions, Contingent Liabilities and Contingent Assets

Part 3

27. Ind AS on items impacting the Financial Statements
28. Ind AS 12: Income Taxes
29. Ind AS 21: The Effects of Changes in Foreign Exchange Rates
30. Ind AS on Disclosures in the Financial Statements
31. Ind AS 24: Related Party Disclosure
32. Ind AS 33: Earnings Per Share
33. Ind AS 108: Operating Segments
34. Accounting and Reporting of Financial Instruments
35. Ind AS 32: Financial Instruments (Presentation)
36. Ind AS 109: Financial Instruments – Recognition and Measurement
37. Ind AS 107: Financial Instruments – Disclosures

Part 4

38. Accounting for Share-Based Payment
39. Business Combination and Corporate Restructuring
40. Ind AS 103: Business Combination
41. Consolidated and Separate Financial Statement
42. Ind AS 110: Consolidate Financial Statements
43. Ind AS 111: Joint Arrangements
44. Ind AS 112: Disclosure of Interests in Other Entities
45. Ind AS 28: Investment in Associates and Joint Ventures
46. Ind AS 27:  Separate Financial Statements

Part 5

47. Integrated Reporting
48. Corporate Social Responsibility Reporting
49. Ind AS 116: Leases

About the Author