Taxmanns Financial Reporting | StepbyStep Approach to Ind AS (Paper 1 | FR) Classroom style study material with notes, 3s

This book is prepared exclusively for the Final Level of Chartered Accountancy Examination requirement. It covers the entire revised syllabus as per ICAI. This book serves as a guide for students & professionals, and the objectives of this book are as follows: It helps the reader acquire the ability to integrate & solve problems in practical scenarios on Indian Accounting Standards (Ind AS). It also assists the reader in deciding the appropriate accounting treatment and formulation of suitable accounting policies While preparing and presenting the financial statements, this book helps in the ability to recognize and apply disclosure requirements specified in Ind AS Acquiring/developing the skill to prepare financial statements of group entities based on Ind AS Develop an understanding of the various forms of reporting (other than financial statements) and accounting for special transactions, and apply such knowledge in problem-solvingThe Present Publication is the 6th Edition for CA-Final | New Syllabus | May/Nov. 2023 exams. This book is authored by CA Parveen Sharma & CA Kapileshwar Bhalla, with the following noteworthy features: [New Features of the 6th Edition] are as follows:o Incorporates notes, which acts as a mind map for last-minute revision for the examso Incorporates the teaching style as used in a live classo Incorporates a step-by-step approach/3-step model for almost all Ind ASs, which will help students to crack the complexities of the subject with easeo Covers both the concepts and questions in one place, which is the key to scoring well in FR [Difficulties Encountered by Students in Exams] have been presented and discussed in this book [Special emphasis on Ind AS strictly from an examination point of view] including the following:o Difference between AS & Ind ASo Carve-ins and Carve-outs w.r.t. IFRS [Clarifications & Examples] have been given at various places to make the reader quickly understand the complexities involved in Ind AS [Pointers for Important Issues] have been highlighted at various places [1,000+ Examples, Diagrams, Charts, Clarifications & Explanations] are given to address the complicated standards [Arrangement of Questions] has been done to suit beginners as well as experts by covering the following:o Objective Questionso Descriptive Questionso Practical Questionso Advanced Questions Coverage of this book includes:o Past Examination Paperso Mock Test Papers (MTPs) of ICAIo Revisionary Test Papers (RTPs) of ICAIo Selected questions from Educational Materials of ICAIo Selected Ind AS Bulletins [Student-Oriented Book] The authors have developed this book keeping in mind the following factors:o Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinationso Shaped by the authors experience of teaching the subject matter at different levelso Reactions and responses of students have also been incorporated at different places in the bookDetailed contents of this book are as follows: Introductory Standardso Ind AS 10 - Events after Reporting Periodo Ind AS 37 - Provision, Contingent Liability and Contingent Assets Asset Related Standardso Ind AS 2 - Inventorieso Ind AS 16 - Property, Plant and Equipmento Ind AS 38 - Intangible Assetso Ind AS 40 - Investment Propertyo Ind AS 41 - Agricultureo Ind AS 105 - Non-Current Assets (NCA) held for Sale & Discontinued Operations (DO)o Ind AS 23 - Borrowing Costso Ind AS 36 - Impairment of Assets Slightly Complicated Standardso Ind AS 12 - Income Taxeso Ind AS 21 - The Effects of Changes in Foreign Exchange Rateso Ind AS 19 - Employee Benefitso Ind AS 20 - Accounting for Government Grants and Disclosure of Government Assistanceo Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errorso Ind AS 102 - Share-Based Payments Complex Standardso Ind AS 103 - Business Combinationo Group Accountso Financial Instruments (FI)o Ind AS 113 - Fair Value Measurementso Ind AS 115 - Revenue from Contracts with Customerso Ind AS 116 - Leases Disclosure Related Standardso Ind AS 108 - Operating Segmentso Ind AS 24 - Related Party Disclosureso Ind AS 33 - Earnings Per Share Basic Standardso Ind AS 7 - Cash Flow Statemento Ind AS 34 - Interim Financial Reportingo Ind AS 1 - Presentation of Financial Statements First Time Adoptiono Ind AS 101 - First-Time Adoption of Ind AS Non-Ind ASo Corporate Social Responsibilityo Integrated Reportingo Framework for Financial Reporting under Ind ASo Roadmap to Ind ASo Formats of Financial Statements