ICWA FINAL CORPORATE FINANCIAL REPORTING

CORPORATE FINANCIAL REPORTING 

Study Note 1 : Evoluation and Convergence of International Accounting Standards 

  • Framework of Accounting
  • US GAAPs
  • International Accounting Standards
  • International Financial Reporting Standards
  • Indian Accounting Standards
  • Comparative Analysis of the Indian Accounting Standards, IFRS and USGAAP
  • Presentation of Financial Statements (Schedule III)

Study Note 2 : Accounting for Business Combinations 

  • Merger and Acquisitions
  • Accounting For Mergers And Acquisitions
  • Demerger & Reverse Merger
  • Surrender of Shares and Buy Back of Shares
  • External Reconstruction
  • Sepcial Purpose Vehicle

Study Note 3 : Group Financial Statements 

  • Holding Company
  • Methods of Combination
  • Accounting Treatment
  • Treatment of Investment in Associate in Consolidated Financial Statement (AS-23)
  • Treatment of Investment in Joint Venture in consolidated Financial Statement (AS-27)
  • Preparation of Group Cash Flow Statement

Study Note 4 : Sustainability Reporting 

  • Concept of Triple Bottom Line Reporting
  • Global Reporting Initiative (GRI)
  • International Federation of Accountants (IFAC)

Study Note 5 : Accounting and Reporting of Financial Instruments 

  • Meaning, Recognition, De-recognition and Offset, Compound Financial Instruments
  • Measurement of Financial Instruments
  • Hedge Accounting
  • External Reporting under Capital Market Regulations & Disclosures
  • Annual Reports-Statutory Requirement and External Report,
  • Financial Reporting across the world 

Study Note 6 : Share Based Payments in Ind AS 

  • Meaning, Equity settled transactions, Transaction with employees and non-employees
  • Determination of fair value of Equity Instruments
  • Vesting conditions, Modification, Cancellation and Settlement & Disclosures 

Study Note 7 : Voluntary Disclosures 

  • Disclosure Issues
  • Value Added Statement
  • Economic Value Added, Market Value Added, Shareholder’s Value Added
  • Human Resource Accounting
  • Environmental Accounting
  • Guidance Notes on Accounting for Tax Matters
  • Financial reporting by Mutual Funds, Merchant Bankers, Non Banking Finance
  • Guidance Notes on Derivatives
  • Guidance Notes for Special Business/Reports
  • Management Discussion and Analysis 

Study Note 8 : Reporting through XBRL (Extended Business Reporting Language) 

  • Introduction
  • Evolution of XBRL
  • XBRLS (XBRL Simple Application Profile)
  • What XBRL Not?
  • Users of XBRL
  • Advantages of Using XBRL
  • XBRL International
  • International Scenario
  • XBRL India
  • An Introduction To XML
  • Differences Between XML and XBRL
  • Working Principle of XBRL
  • Main Features of XBRL
  • Taxonomies 

Study Note 9 : Government Accounting in India 

  • Government Accounting in India
  • General Principles of Government Accounting
  • Methods of Government Accounting
  • Comparison with commercial accounting
  • Comptroller and Auditor General of India
  • Audit of Government Companies (Commercial Audit)
  • Audit Board Setup in Commercial Audit
  • Public Accounts Committee
  • Role of Public Accounts Committee
  • Committee on Public Undertakings
  • Specimen Report
  • Governmement Accounting Standards Issued by
  • Government Accounting & Reporting