Advanced Accounting & Financial Reporting Study Material

icap cfap1 study text and recommended books:

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Course Outline

The course outline gives an overview of Syllabus of CFAP Advanced Accounting and Financial Reporting . The detailed Syllabus of CFAP Advanced Accounting and Financial Reporting for Spring 2022 attempt is given below.

icap cfap1 study text

Group financial statements

Preparation of group financial statements

  • IFRS 3 Business Combinations
  • IFRS 10 Consolidated Financial Statements
  • IFRS 11 Joint Arrangements
  • IFRS 12 Disclosure of Interests in Other Entities
  • IAS 27 Separate Financial Statements
  • IAS 28  Investments in Associates and Joint Ventures”

IAS 7 Preparation of statement of cash flows (only Consolidated)

IAS 21 The Effects of Changes in Foreign Exchange Rates  (including IFRIC 22)

Financial reporting

Financial instruments

  • IFRS 7 Financial Instruments: Disclosures
  • IFRS 9 Financial Instruments (including IFRIC 16 & 19)
  • IAS 32 Financial Instruments: Presentation”

“Employees benefit and share based payments

  • IFRS 2 Share-based Payment
  • IAS 19 Employee Benefits (including IFRIC 14)”

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

IFRS 13 Fair Value Measurement

IFRS 15 Revenue From Contracts with Customers

IFRS 16 Leases

IAS 12 Income Taxes (including SIC 25)

IAS 24 Related Party Disclosures

IAS 33 Earnings per Share

IAS 34 Interim Financial Reporting (including IFRIC 10)

IAS 36 Impairment of Assets

IAS 40 Investment Property

Specialized Financial Statements and areas

Small and medium sized entities

Banks

Mutual funds

Insurance companies

IAS 26 Accounting and Reporting by Retirement Benefit Plans

Specialized area of IFRSs

  • IFRS  1  First-time  Adoption  of  International  Financial  Reporting Standards
  • IFRS 4 Insurance Contracts
  • IFRS 6 Exploration for and evaluation of Mineral Resources
  • IFRS 14 Regulatory Deferral Accounts

IAS 29 Financial Reporting in Hyperinflationary Economies (including IFRIC 7)

Overview of Islamic Accounting Standard issued by ICAP

Overview   of   IPSASs   and  The   Conceptual   Framework   for   General Purpose Financial Reporting by Public Sector

  • IPSAS 1 Presentation of Financial Statements
  • IPSAS Financial Reporting Under the Cash Basis of Accounting

Study material provided by ICAP:

Download icap cfap1 study text Advanced Accounting and Financial Reporting Study Support Material (2018) from the links given below. Download icap cfap1 study text Advanced Accounting and Financial Reporting Practice Kit (2018) from the links given below.

Study material from various sources:

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