Taxmann’s Financial Reporting (Set of 2 volumes) (CA Final) – New Syllabus by Praveen Sharma for Nov 2021

Taxmann’s Financial Reporting 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-solving

The Present Publication is the 5^th Edition amended by the Companies (Ind AS) Amendment Rules for CA-Final | New Syllabus, authored by CA Parveen Sharma & CA Kapileshwar Bhalla, with the following noteworthy features:

• As per the revised syllabus announced by ICAI
• Coverage of this book includes:
  • Financial Instruments (Ind AS 32, 109 & 107)
  • Revenue (Ind AS 115)
  • Leases (Ind AS 116)
  • Business Combination (Ind AS 103)
  • Consolidation (Ind AS 110,111,28 & 27)
  • Solved Papers with Guideline Answers:
    • CA (Final) – May 2019 Exam | New Syllabus | Guidelines Answers
    • CA (Final) – November 2019 Exam | New Syllabus | Guidelines Answers
    • CA (Final) – November 2020 Exam | New Syllabus | Guidelines Answers
    • CA (Final) – January 2021 Exam | New Syllabus | Guidelines Answers
    • CA (Final) – July 2021 Exam | New Syllabus | Guidelines Answers
• [Examples, Diagrams, Charts, Clarifications & Explainations] are given to address the complicated standards
• [Special emphasis on Ind AS strictly from an examination point of view] including differences between AS and Ind AS and carve-in & carve-outs with respect to IFRS
• [Student-Oriented Book] The authors have developed this book, keeping in mind the following factors:
  • Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations
  • Shaped by the authors’ experience of teaching the subject matter at different levels
  • Reaction and responses of students have also been incorporated at different places in the book
• [950+ Examples/Case Studies, Questions with Answers] have been given at various places in the book to make students understand the complexities involved in Ind AS
• [Self-preparatory Book] The book has been written in a classroom-style-teaching methodology so that the average student can understand & master the subject without assistance
• [Thoroughly Updated & Amended] This book has been amended as per the Companies (Ind AS) Amendment Rules 2020. Also, the amendments related to Ind AS – 103 & 116 and other amendments have been incorporated

Also Available:

• [7^th Edition] of Taxmann’s Students’ Guide to Ind ASs
• [4^th Edition] of Taxmann’s CRACKER cum Exam Guide on Financial Reporting (New Syllabus)
• [3^rd Edition] of Taxmann’s PROBLEMS & SOLUTIONS on Financial Reporting (New Syllabus)
• [1^st Edition] of Taxmann’s CLASS NOTES on Financial Reporting

Detailed contents of this book are as follows:

• Framework for Preparation and Presentation of Financial Statements
• Ind AS on Presentation of Items in the Financial Statements
  • Ind AS 1 – Presentation of Financial Statements
  • Ind AS 34 – Interim Financial Reporting
  • Ind AS 7 – Cash Flow Statement
• Ind AS 115 – Revenue from Contracts with Customers
• Ind AS on Measurement-based on Accounting Policies
  • Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
  • Ind AS 10 – Events after the Reporting Period
  • Ind AS 113 – Fair Value Measurement
• Other Ind AS
  • Ind AS 20 – Accounting for Government Grants and Disclosure of Government Assistance
• Ind AS 101 – First Time Adoption of Ind AS
• Ind AS on Assets of the Financial Statements
  • Ind AS 2 – Valuation of Inventory
  • Ind AS 16 – Property, Plant and Equipment
  • Ind AS 23 – Borrowing Cost
  • Ind AS 36 – Impairment of Assets
  • Ind AS 38 – Intangible Assets
  • Ind AS 40 – Investment Property
  • Ind AS 105 – Non-Current Assets Held for Sale and Discontinued Operations
• Industry-Specific Ind AS
  • Ind AS 41 – Agriculture
• Ind AS on Liabilities of the Financial Statements
  • Ind AS 19 – Employee Benefits
  • Ind AS 37 – Provisions, Contingent Liabilities and Contingent Assets
• Ind AS on items impacting the Financial Statements
  • Ind AS 12 – Income Taxes
  • Ind AS 21 – The Effects of Changes in Foreign Exchange Rates
• Ind AS on Disclosures in the Financial Statements
  • Ind AS 24 – Related Party Disclosures
  • Ind AS 33 – Earnings Per Share
  • Ind AS 108 – Operating Segments

• Accounting and Reporting of Financial Instruments
  • Ind AS 32 – Financial Instruments (Presentation)
  • Ind AS 109 – Financial Instruments | Recognition and Measurement
  • Ind AS 107 – Financial Instruments | Disclosures
• Accounting for Share-Based Payment
• Business Combination and Corporate Restructuring
  • Ind AS 103 – Business Combinations
• Consolidated and Separate Financial Statements
  • Ind AS 110 – Consolidate Financial Statements
  • Ind AS 111 – Joint Arrangements
  • Ind AS 112 – Disclosure of Interests in Other Entities
  • Ind AS 28 – Investment in Associates and Joint Ventures
  • Ind AS 27 – Separate Financial Statements
• Integrated Reporting
• Corporate Social Responsibility Reporting
• Ind AS 116 – Leases