Financial Reporting Syllabus (FR) 

Objectives of financial reporting syllabus : To gain ability for the reason to apply valuation principles, analyse financial statements including consolidated financial statements of he group companies and also financial reports,to solve financial reporting and valuation cases and to  familiarise with recent developments in the area of the financial reporting.Check out the full CA Final Subjects syllabus and CA Final Amendments.  Financial reporting syllabus exam is the 100 marks paper and has the three hours of time.

financial reporting syllabus

financial reporting syllabus

The CA Final subject has the following syllabus mentioned below in the table and also find CA Final new syllabus. You can also find CA Final Free Video Lectures and even for perfect preparation.

CA Final Financial Reporting Syllabus (FR) Contents:

financial reporting syllabus

1. Accounting Standards, Accounting Standards Interpretations and Guidance Notes on various accounting aspects issued by the ICAI and their applications.

2. Overview of International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS), Interpretations by International Financial Reporting Interpretation Committee (IFRIC), Significant difference vis-a-vis Indian Accounting Standards.

– Understanding of US GAAP,

– Applications of IFRS and US GAAP.

3. Corporate Financial Reporting – Issues and problems

4. Accounting for Corporate Restructuring (including inter-company holdings).

5. Consolidated Financial Statements of Group Companies Concept of a Group, purposes of consolidated financial statements minority interest, Goodwill, Consolidation procedures – Minority interests, Goodwill, Treatment of pre- acquisition and post-acquisition profit.

– Consolidation with two or more subsidiaries, consolidation with foreign subsidiaries.

– Consolidated profit and loss account, balance sheet and cash flow statement.

– Treatment of investment in associates in consolidated financial statements.

– Treatment of investments in joint ventures in consolidated financial statements.

6. Accounting and Reporting of Financial Instruments

– Meaning, recognition, derecognition and offset, compound financial instruments,

– Measurement of financial instruments,

– Hedge accounting and

– Disclosures.

7. Share based payments

– Meaning, Equity settled transactions, Transaction with employees and non-employees.

– Determination of fair value of equity instruments,

– Vesting conditions,

– Modification, cancellation and settlement and

– Disclosures.

8. Financial Reporting by Mutual funds, Non-banking finance companies, Merchant bankers, Stock and commodity market intermediaries.

9. Valuation

– Concept of Valuation,

– Valuation of Tangible Fixed Assets,

– Valuation of Intangibles including Brand Valuation and Valuation of Goodwill,

– Valuation of Liabilities,

– Valuation of Shares and Valuation of Business.

10. Developments in Financial Reporting

– Value Added Statement,

– Economic Value Added,

– Market Value Added, Shareholders’ Value Added,

– Human Resource Reporting.

CA Final Subjects :  

financial reporting syllabus

CA final Subjects and Papers

CA Final exam has 2 groups and 8 subjects (papers) in total. Group 1 consists of four papers – paper 1, paper 2, paper 3 and paper 4. Group 2 consists of four papers – Paper 5, paper 6, paper 7 and paper 8.(CA final Subjects and Papers)

CA Final Subjects : Group I

financial reporting syllabus

• Paper 1: Financial Reporting [100 Marks]
• Paper 2: Strategic Financial Management [100 Marks]
• Paper 3: Advanced Auditing and Professional Ethics [100 Marks]
• Paper 4: Corporate and Allied Laws [100 Marks]
  • Section A: Company Law [70 Marks]
  • Section B: Allied Laws [30 Marks]

CA Final Subjects : Group II

financial reporting syllabus

• Paper 5: Advanced Management Accounting [100 Marks]
• Paper 6: Information systems Control and Audit [100 Marks]
• Paper 7: Direct Tax Laws [100 Marks]
• Paper 8: Indirect Tax Laws [100 Marks]
  • Section A: Central Excise [40 Marks]
  • Section B: Service Tax & VAT [40 Marks]
  • Section C: Customs [20 Marks]

CA Final Old Syllabus Vs CA Final New Scheme Syllabus 

financial reporting syllabus

CA Final Paper 1 : Financial Reporting[100 marks]

financial reporting syllabus

CA Final Paper 1 : Level of Knowledge

CA Final Paper 1 : Objectives:

CA Final Paper 1 : Contents:

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financial reporting syllabus

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