Description
Vertical 1 : Major
Minor in Accounting & Finance Paper – III
(Accounting Standards)
SYBAF Semester IV
Syllabus As Per NEP 2020 Academic Year 2025-26
1. AS 1 : Disclosure of Accounting Policies and AS 2 : Valuation of Inventories 15 Hours
♦ AS 1 : Introduction, Key Principles, Disclosure Requirements, Applicability and Scope and Practical Implications
♦ AS 2 : Introduction, Scope and Applicability, Key Principles for Valuation, Disclosure Requirements and Case Studies (Exclude the Sums on the FIFO and WAM Valuation methods)
2. AS 4 : Contingencies and Events Occurring After the Balance Sheet Date and AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies 15 Hours
♦ AS 4 : Introduction, Scope and Applicability, Key Principles, Types of Events After Balance Sheet Date, Recognition and Disclosure Requirements and Case Studies
♦ AS 5 : Introduction, Scope and Applicability, Key Principles, Treatment of Prior Period Items, Changes in Accounting Policies, Disclosure Requirements and Case Studies
3. AS 7 : Construction Contracts 15 Hours
♦ AS 7 : Introduction, Scope and Applicability, Key Principles, Revenue Recognition Methods (Percentage of Completion and Completed Contract), Cost Recognition and Measurement, Disclosure Requirements and Practical Illustrations
4. AS 9 : Revenue Recognition 15 Hours
♦ AS 9 : Introduction, Scope and Applicability, Key Principles of Revenue Recognition, Revenue Recognition for Different Transactions (Sale of Goods, Rendering of Services, Interest, Royalties, Dividends), Conditions for Revenue Recognition, Disclosure Requirements, Case Studies
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