Paper 17 :

Corporate Financial Reporting

Corporate Financial Reporting

Section A: GAAP and Accounting Standards

01    Accounting Standards

 

 92 Lectures                Know More

Section B: Accounting of Business Combinations & Restructuring

02   Accounting of Business Combinations and Restructuring

 

10 Lectures                Know More

Section C: Consolidated Financial Statement

03   Group Financial Statements

 

 10 Lectures                Know More

Section D: Developments in Financial Reporting

04   Recent Trends In Financial Reporting

 

4 Lectures                Know More

05   Valuation, Accounting and Reporting of Financial Instruments and Others

 

14 Lectures                Know More

06  Share Based Payment

 

6 Lectures                Know More

07    Reporting Through XBRL (Extended Business Reporting Language)

 

1 Lecture                 Know More

Section E: Government Accounting in India

08  Government Accounting

 

2 Lectures                Know More

Section B: Accounting of Business Combinations & Restructuring

02    Accounting of Business Combinations and Restructuring

 

 13 Lectures                Know More

About Corporate and Financial Reporting

 

Preparation of Entity’s Financial Reports in accordance with Generally Accepted Accounting Standards. Recognising, measuring and disclosure of Financial information for various cases like consolidation, combination and restructuring. 

Enabling the finalisation of accounts which helps in preparation of Financial Statements. Preparation of Financial Statements in a credible format that supports the users in Strategic Decision Making. 

The topics covered in Corporate Financial Reporting at CMA Final Level

  • Accounting Standards, Overview of IND AS and relative view of AS Vs IND AS Vs IFRS shall have a dominant role in both exam and practical usage. 
  • Accounting of Business Combinations & Restructuring and Consolidation of group Financial Statements involves large number of concepts 
  • Valuation of entity, goodwill, business and share price can be learnt at bird’s eye view level 
  • Share based accounting, Cenvat/VAT Accounting, reporting through XBRL and Government Accounting are the small multiple concepts which can be learnt fast but useful in scoring in examinations 

The best approach to study Corporate Financial Reporting paper

  • Start as soon as possible: Start your study early and quickly. The syllabus is of a practical nature. So, you cannot mug things up a couple of weeks before the exam and hope to pass. 
  • Work things out practically: This is quite a practical field and so the best way to understand the content is to work out and solve practical problems. Try solving the problems before seeing the solution. The motto is to practice, practice and practice! 
  • Solve past exam papers: Solve past exam papers to get an idea of what kind of questions will appear in the exam. 
  • Keep up with updates: Accounting standards keep changing from time to time. So, you need to keep up with the latest changes. It is a good idea for you to keep visiting the ICMAI website for any notifications and amendments. 

Faculty

CA Chinmaya Hegde
CA Chinmaya Hegde
CA Amal Paul
CA Amal Paul

Resources

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