Get access to latest and updated Syllabus of S1 Advanced Financial Accounting and Corporate Reporting now. Here you will find detailed course content or Syllabus of S2 Advanced Financial Accounting and Corporate Reporting for upcoming attempt.
Now you know what topics to study and practice .The next step would be to download the latest official Advanced Financial Accounting & Corporate Reporting Study Text. Click
to Download.
Syllabus GRID:
Here is the grid for Syllabus of S1 Advanced Financial Accounting & Corporate Reporting.
| GRID | WEIGHTAGE |
| MATTERS RELATED TO RECOGNITION AND MEASUREMENT 1. Substance over form 2. Financial instruments (IAS 32, IFRS 7 & IFRS 9) 3. Employee benefits (IAS 19) 4. Share-based payments (IFRS 2) 5. Asset valuation and Changing prices | 20% |
| GROUP FINANCIAL STATEMENTS 6. Introduction to group accounting 7. Consolidated statement of financial position 8. Consolidated statement of comprehensive income 9. IAS 27,IFRS 10, IFRS 3 (Revised), IFRS 13 10. Effect of Non-controlling interests 11. Acquisition of a Subsidiary during its accounting period 12. Consolidated Statement of changes in Equity 13. Associates and Joint ventures | 30% |
| COMPLEX GROUP TOPICS 14. Changes in group structures 15. Complex group structures 16. Foreign currency 17. Group statements of cash flows | 25% |
| PERFORMANCE REPORTING 18. Ratios and trend analysis 19. Earnings per share ( IAS 33) 20. Segment reporting (IFRS 8) | 15% |
| EXTERNAL REPORTING 21. Advancement in Financial Reporting 22. Advancement in Non-Financial Reporting | 10% |
| TOTAL | 100% |
Detailed Syllabus Contents:
The detailed Syllabus of S1 Advanced Financial Accounting & Corporate Reporting for upcoming attempt is given below.
PART – A
MATTERS RELATED TO RECOGNITION AND MEASUREMENT
1. Substance over form
- Reporting the Substance of Transactions
- Examples Where Substance and Form may Differ
2. Financial instruments (IAS 32, IFRS 7 &IFRS 9)
- Definitions
- Classification of Financial Instruments Recognition and Measurement of Financial Assets
- Recognition and Measurement of financial Liabilities
- De-recognition of Financial Instruments
- Derivatives
- Hedge Accounting
- Disclosure of Financial Instruments
- Disclosures
- Hybrid Instrument
3. Employee benefits (IAS 19)
- Types of Employee Benefit
- Post-Employment Benefit Plans
- Accounting for Post-Employment Benefit Plans
- The Asset Ceiling Disclosures
- Other Employee Benefits
4. Share-based payments (IFRS 2)
- Types of Transaction
- Equity-Settled Share-Based Payment Transactions
- Cash-Settled Share-based Payment Transactions
- Modifications, Cancellations and Settlements
- Recent Developments
- Disclosures
5. Asset valuation and Changing prices
- Definitions
- Impairment of Financial Assets
- Accounting Treatment
PART – B
GROUP FINANCIAL STATEMENTS
6. Introduction to group accounting
- Concept of Group Accounts
- Definitions
- Exemption from Preparation of Group Financial Statements
- Non-Coterminous Year Ends
7. Consolidated statement of financial position
- Principles of the Consolidated Statement of Financial Position
- Pre and Post-Acquisition Profits
- Non-Controlling Interest
- Fair Values
- Fair Value of Net Assets Acquired Intra- Group Trading
- Unrealized Profit
- Mid-Year Acquisitions
8. Consolidated statement of comprehensive income
- Principles of the Consolidated Statement of Comprehensive Income
- Format of Consolidated Statement of Comprehensive Income
- Intra-Company Trading
- Other Consolidated Income Statement Adjustments Mid year Acquisitions
- Preparation of Consolidated Statement of Comprehensive Income
9. IAS 27, IFRS 10, IFRS 3 (Revised), IFRS 13
- Definitions
- Separate Financial Statements
- Preparation of Consolidated Financial Statements Treatment of Goodwill
- The basis of a Fair Value Measurement
- Fair Value Hierarchy
- Specific Application Principles Disclosures
10. Effect of Non-controlling interests
- Effects of Non-Controlling Interest on:
- On Statement of financial position
- Intra-group trading
- Intra-group sales of non-current assets
- Fair Values
11. Acquisition of a Subsidiary during its accounting period
- Step Acquisitions
- Disposal Scenarios
- Investing Entity’s Accounts
- Group Accounts
- Group Accounts – Entire Disposal
- Group Accounts Disposal – Subsidiary to Associate
- Disposal where Control is not Lost (Increase in NCI) Subsidiaries Acquired Exclusively with a View to Subsequent Disposals
- Further Purchase by Group after Control Obtained (Decrease in NCI)
12. Consolidated Statement of changes in Equity
- Format of Consolidated Statement of Changes in Equity
- Preparation of Consolidated Statement of Changes in Equity
13. Associates and Joint ventures
- IAS 28 Investments in Associates and Joint Ventures
- IFRS 11 Joint Arrangements
- IFRS 12 Disclosure of Interests in Other Entities
PART – C
COMPLEX GROUP TOPICS
14. Changes in group structures
- Business Combination achieved in Stages
- Changes in direct ownership
15. Complex group structures
- Complex group
- Consolidating sub-subsidiaries
- Direct holding in sub-subsidiaries
- Indirect associates
16. Foreign currency
- Foreign Currency translation
- IAS 21: Individual company stage
- IAS 21: Consolidated financial statements stage
17. Group statements of cash flows
- IAS 7 Statement of Cash Flows of Single Company
- Consolidated Statements of Cash Flows
- Foreign Exchange and Statement of Cash Flow
18. Ratios and trend analysis
- Interpreting Financial Information
- Profitability Ratios
- Return on Capital Employed
- Net Asset Turnover
- liquidity and Working Capital Ratios
- Long-Term Financial Stability
- Investor Ratios
- limitations of Financial Statements and Ratio Analysis
19. Earnings per share ( IAS 33)
- The Scope of IAS 33
- Diluted Earnings per Share (DEPSJ
- The Importance of EPS
20. Segment reporting ( IFRS 8)
- Defining Reportable Segments Disclosing
- Reportable Segments
PART – D
PERFORMANCE REPORTING
- Problem Areas in Segmental Reporting
PART – E
EXTERNAL REPORTING
21. Advancement in Financial Reporting
- International harmonization
- Accounting around the World i.e. current issues in financial reporting
- Financial Reporting in USA
- IFRS vs US GAAP
22. Advancement in Non-Financial Reporting
- Management Commentary
- Environmental Reporting
- Sustainability
- Social and Ethical Environment
- Social Responsibility
- Human Resource Accounting
Syllabus of S1 Advanced Financial Accounting and Corporate Reporting
Syllabus of S1 Advanced Financial Accounting and Corporate Reporting Syllabus of S1 Advanced Financial Accounting and Corporate Reporting Syllabus of S1 Advanced Financial Accounting and Corporate Reporting Syllabus of S1 Advanced Financial Accounting and Corporate Reporting Syllabus of S1 Advanced Financial Accounting and Corporate Reporting Syllabus of S1 Advanced Financial Accounting and Corporate Reporting Syllabus of S1 Advanced Financial Accounting and Corporate Reporting