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