Description
Vertical – 1 : Major – Electives
Corporate Financial Reporting – I
TYBAF Semester V
As Per NEP 2020 (w.e.f. the Academic Year 2026-27)
Syllabus
1. Introduction to Corporate Financial Reporting and Regulatory Framework 15 Hours
A.Introduction to Corporate Financial Reporting
♦ Meaning, Objectives, and Scope of Corporate Financial Reporting
♦ Importance of Financial Reporting for Stakeholders
♦ Limitations of Corporate Financial Reporting
♦ Role of Corporate Governance in Financial Reporting
B.Conceptual Framework of Financial Reporting
♦ Definition and Objectives of the Conceptual Framework
♦ Elements of Financial Statements : Assets, Liabilities, Equity, Income, Expenses
♦ Role of Statutory Bodies : Ministry of Corporate Affairs (MCA), Securities and Exchange Board of India (SEBI), Institute of Chartered Accountants of India (ICAI)
♦ Companies Act Provisions Relating to Financial Reporting
♦ SEBI Guidelines for Listed Companies
♦ International Regulatory Bodies : IASB, IFRS Foundation
2. International Financial Reporting Standards (IFRS) and Ind AS 15 Hours
♦ Introduction to Ind AS : Need, Objectives, and Convergence with IFRS
♦ Generally Accepted Accounting Principles in India
♦ Accounting Standards, their Applicability, Interpretation, Scope and Compliance in India
♦ Introduction to IFRS, Ind AS Overview of Ind AS Applicability of Ind AS
Ind AS 1 : Presentation of Financial Statements
♦ Components of Financial Statements
♦ Fair Presentation and Compliance with Ind AS
♦ Going Concern, Accrual Basis, Consistency
♦ Structure and Content : Balance Sheet, P and L, OCI, Equity, Cash Flows, Notes
♦ Current vs. Non-Current Classification
♦ Disclosure Requirements (Judgements, Assumptions, Policies)
Practical Applications :
♦ Case Studies on Classification (Assets / Liabilities)
♦ Examples of Disclosure Notes
3. Ind AS 2 15 Hours
Ind AS 2 : Inventories
♦ Definition and Scope
♦ Measurement : Cost vs. Net Realizable Value (NRV)
♦ Cost Formulas : FIFO, Weighted Average
♦ Exclusions (e.g., Construction Contracts, Financial Instruments)
♦ Disclosure Requirements
Practical Applications:
♦ Numerical Problems on Valuation
♦ Case Studies on NRV Adjustments
4. Ind AS 16 15 Hours
Ind AS 16 : Property, Plant, and Equipment
♦ Scope and Definitions (PPE, Costs, Subsequent Expenditure)
♦ Recognition Criteria (Probable Future Benefits, Reliable Measurement)
♦ Initial Measurement (Cost, Directly Attributable Costs, Dismantling / Restoration Obligations)
♦ Subsequent Measurement
♦ Cost Model vs. Revaluation Model
♦ Depreciation Methods and Useful Life
♦ Component Accounting
♦ Derecognition (Disposal, Retirement)
♦ Disclosure Requirements
Practical Applications:
♦ Numerical Problems on Depreciation and Revaluation
♦ Case Studies on Component Accounting
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