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Syllabus GRID
Here is the grid of Syllabus of CAF Financial Accounting and Reporting-II.
| Grid | Weightage |
| Preparation of Financial Statements | 25-35 |
| Accounting for Non-current Assets | 25-35 |
| Ethics and Other Areas of IFRS | 35-45 |
| Total | 100 |
Course Outline
The course outline gives an overview of Syllabus of CAF Financial Accounting and Reporting-II . The detailed Syllabus of CAF Financial Accounting and Reporting-II for Spring 2022 attempt is given below.
- Preparation of Financial Statements
- “Apply the principles, laws and concepts with respect to preparation and presentation of the following:
- Statement of financial position
- Statement of comprehensive income
- Statement of changes in equity
- Notes to the financial statements”
- Calculate goodwill and consideration transferred in case of business combinations.
- Calculate the value of Investment in associates as per equity method of accounting.
- Prepare and present consolidated statements of financial position and consolidated statement of comprehensive income involving a single subsidiary and associate.
- Accounting for Non-current Assets
- Apply the principles and concepts with respect to recognition, classification and measurement of financial instruments including preparation of journal entries (excluding impairment, reclassification, derivatives, embedded derivatives, hedge accounting, de-recognition and modification).
- Apply the principles and concepts for recognition, measurement, presentation and disclosure of Leases (Excluding modification, sale and lease back and reassessment).
- Apply the principles and concepts for recognition and measurement of intangible assets and expense; and measurement after recognition and disclosure of intangible assets (including website costs).
- Apply the principles and concepts for recognition, measurement at and after recognition and disclosure of biological assets, agriculture produce and government grants related to a biological asset.
- Ethics and Other Areas of IFRS
- Ethics
- Describe with simple examples the fundamental principles of professional ethics.
- Apply the conceptual framework to identify, evaluate and address threats to compliance with fundamental principles.
- Explain using simple examples the ethical responsibilities of a Chartered Accountant in the preparation and reporting of financial information.
- Other Areas of IFRS
- Apply the principles and concepts with respect to disclosure and measurement of operating and reportable segments.
- Apply the principles and concepts for recognition, measurement and disclosure of adjusting and non- adjusting events after the reporting period.
- Apply the principles and concepts for recognition, measurement and disclosure of Provisions, Contingent liabilities and Contingent assets.
- Apply the principles and concepts of recognition, measurement, presentation and disclosure of Revenue from contracts.
- Apply the principles and concepts for recognition, measurement and disclosure of current tax and deferred tax asset and liability (excluding Business Combinations) Apply principles and concepts in respect of effect of changes in foreign exchange rates on foreign currency transactions.
Detailed Syllabus:
Here is the topic wise detailed syllabus of CAF Financial Accounting and Reporting-II.
Legal background to the preparation of financial statements
IAS 1: Presentation of financial statements
Consolidated accounts: Statements of financial position –
Basic approach
Consolidated accounts: Statements of financial position –
Complications
Consolidated accounts: Statements of comprehensive income
IAS 28: Investment in Associates and Joint Ventures
IFRS 15: Revenue from contracts with customers
IAS 12: Income taxes
IAS 21: Foreign Currency Transactions
IAS 38: Intangible assets
IAS 41: Agriculture
Financial instruments-Recognition and measurement
IFRS 16: Leases
Other areas of IFRSs (IFRS 8, IAS 10, IAS 37)
Ethical issues in financial reporting
Syllabus of CAF5 Financial Accounting and Reporting-II:
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