tailieunhanh - Ebook Corporate financial reporting: Part 1

Part 1 book “Corporate financial reporting” has contents: Evoluation and convergence of international accounting standards (International accounting standards, framework of accounting, indian accounting standards, ), accounting for business combinations. | FINAL : PAPER - 18 CORPORATE FINANCIAL FINAL REPORTING STUDY NOTES The Institute of Cost Accountants of India CMA Bhawan,12, Sudder Street, Kolkata - 700 016 First Edition : April 2013 Second Edition : December 2014 Third Edition : January 2016 Published by : Directorate of Studies The Institute of Cost Accountants of India (ICAI) CMA Bhawan, 12, Sudder Street, Kolkata - 700 016 Printed at : Repro India Limited Plot No. 02, . MIDC Industrial Area, Mahape, Navi Mumbai 400 709, India. Website : Copyright of these Study Notes is reserved by the Insitute of Cost Accountants of India and prior permission from the Institute is necessary for reproduction of the whole or any part thereof. Syllabus The syllabus comprises the following topics and study weightage: A B C D E Generally Accepted Accounting Principles Business Combinations – Accounting & Reporting Group Financial Statements Developments in Financial Reporting Government Accounting in India E 15% A 10% B 25% D 25% B 40% 10% 25% 25% 25% 15% C 25% A 60% ASSESSMENT STRATEGY There will be written examination paper of three hours. OBJECTIVES To understand the recognition, measurement, disclosure and analysis of information in an entity’s financial statements to cater the needs of the stakeholders Learning Aims The syllabus aims to test the student’s ability to: D emonstrate the financial statements for understanding of stakeholders A nalyze the impact of GAAP and its application for reporting and compliance E valuate financial statements for strategic decision - making I nterpret and apply the ongoing developments for financial reporting Skill set required Level C: Requiring skill levels of knowledge, comprehension, application, analysis, synthesis and evaluation. Section A: Generally Accepted Accounting Principles (GAAP) 1. Evolution and Convergence of International Accounting Standards Section B: Business Combinations – Accounting & Reporting 2.