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Paper 18: Corporate Financial Reporting (CFR) 100 Marks

The document outlines the syllabus for the CMA exam's Paper 18 on Corporate Financial Reporting. It covers 8 sections that make up the 100 marks for the paper: Indian Accounting Standards, valuation of shares and financial instruments, accounting for business combinations and restructuring, consolidated and separate financial statements, recent developments in financial reporting, and government accounting in India. Each section lists the topics and their weightings that will be covered on the exam.

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86 views

Paper 18: Corporate Financial Reporting (CFR) 100 Marks

The document outlines the syllabus for the CMA exam's Paper 18 on Corporate Financial Reporting. It covers 8 sections that make up the 100 marks for the paper: Indian Accounting Standards, valuation of shares and financial instruments, accounting for business combinations and restructuring, consolidated and separate financial statements, recent developments in financial reporting, and government accounting in India. Each section lists the topics and their weightings that will be covered on the exam.

Uploaded by

Sridhanyas kitchen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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CMA Syllabus 2022

Paper 18

CORPORATE FINANCIAL REPORTING (CFR) 100 Marks

Module No. Module Description Weight


Section A: Indian Accounting Standards 25%
1 Specific Accounting Standards 25%
Section B: Valuation of Shares, Accounting and Reporting of Financial
15%
Instruments and NBFCs
Valuation of Shares (Including Determination of Goodwill, Post-
2
Valuation of Tangible and Intangible Assets)
15%
3 Accounting of Financial Instruments
4 NBFCs – Provisioning Norms, Accounting and Reporting
Section C: Accounting for Business Combination and Restructuring (in
20%
Compliance with Ind ASs)
5 Accounting for Business Combinations and Restructuring 20%
Section D: Consolidated Financial Statements and Separate Financial
20%
Statements (in Compliance with Ind ASs)
Consolidated Financial Statements and Separate Financial
6 20%
Statements
Section E: Recent Developments in Financial Reporting 10%
7 Recent Developments in Financial Reporting 10%
Section F: Government Accounting in India 10%
8 Government Accounting in India 10%

SECTION A: INDIAN ACCOUNTING STANDARDS

1. Specific Accounting Standards


1.1 Accounting Policies, Changes in Accounting Estimates and Errors (Ind AS 8)
1.2 Income Taxes (Ind AS 12)
1.3 Property, Plant and Equipment (Ind AS 16)
1.4 Leases (Ind AS 116)
1.5 The Effects of Changes in Foreign Exchange Rates (Ind AS 21)
1.6 Borrowing Costs (Ind AS 23)
1.7 Impairment of Assets (Ind AS 36)
1.8 Intangible Assets (Ind AS 38)
1.9 Share based Payment (Ind AS 102)

The Institute of Cost Accountants of India


CMA Syllabus 2022

1.10 Operating Segments (Ind AS 108)


1.11 Fair Value Measurement (Ind AS 113)
1.12 Revenue from Contracts with Customers (Ind AS 115)

SECTION B: VALUATION OF SHARES, ACCOUNTING AND REPORTING OF FINANCIAL


INSTRUMENTS AND NBFCs

2. Valuation of Shares (including Determination of Goodwill, Post-valuation of Tangible and


Intangible Assets)
3. Accounting of Financial Instruments
4. NBFCs – Provisioning Norms, Accounting and Reporting

SECTION C: ACCOUNTING FOR BUSINESS COMBINATION & RESTRUCTURING (IN


COMPLIANCE WITH IND ASs)

5. Accounting for Business Combination and Restructuring


5.1 Introduction
5.2 Accounting for Business Combination (Basic Level) with Simple Examples
5.3 Absorptions, Amalgamations, External Reconstruction
5.4 Detailed Discussion on Business Combination
5.5 A Business Combination Achieved in Stages
5.6 Reverse Acquisition
5.7 Purchase of Shares from/Sale to Non-controlling Interest not Resulting in Loss of Control of
the Acquirer
5.8 Sale of Holding resulting in Loss of Control of the Acquirer over the Acquiree
5.9 Business Combination under Common Control (Appendix C of Ind AS 103)
5.10 Disclosures
5.11 Difference between Ind AS 103 and AS 14.
5.12 Internal Reconstruction (Capital Reduction)

SECTION D: CONSOLIDATED FINANCIAL STATEMENTS AND SEPARATE FINANCIAL


STATEMENTS (IN COMPLIANCE WITH IND ASs)

6. Consolidated Financial Statements and Separate Financial Statements


6.1 Introduction to Consolidation
6.2 Concept of Significant Influence, Joint Control and Control as per Ind AS
6.3 Consolidation Procedure for Investment in Associates, Joint Ventures and Subsidiaries
6.4 Measurement of Fair Value of Net Assets, Non-controlling Interest, Goodwill/ Gain on
Bargain Purchase, Consolidated Other Equity (including Measurement of Investments
under Equity Method)

The Institute of Cost Accountants of India


CMA Syllabus 2022

6.5 Accounting and Reporting in Consolidated Financial Statements and in Separate Financial


Statements at Acquisition Date - Introductory Examples.
6.6 Consolidated Financial Statements and Separate Financial Statements at Subsequent
Reporting Date - Introductory Examples.
6.7 Consolidated and Separate Financial Statements of Group Entities - Advanced Level
Discussion and Examples (including Inter-company Investments, Chain Holding, Cross-
holding and Other Relevant Matters)
6.8 Accounting and Reporting of Joint Operation.
6.9 Disclosures

SECTION E: RECENT DEVELOPMENTS IN FINANCIAL REPORTING

7. Recent Developments in Financial Reporting


7.1 4P Bottom Line Reporting
7.2 Sustainability Reporting and Global Reporting Initiative
7.3 Business Responsibility and Sustainability Report
7.4 Integrated Reporting
7.5 Corporate Social Responsibility Reporting in India
7.6 Environmental, Social and Governance (ESG)
7.7 Human Resource Reporting
7.8 Value Added Statement
7.9 Economic Value Added and Market Value Added
7.10 Reporting through XBRL (eXtensible Business Reporting Language)
7.11 Quarterly Earnings Call Management

SECTION F: GOVERNMENT ACCOUNTING IN INDIA

8. Government Accounting in India


8.1 General Principles and Comparison with Commercial Accounting
8.2 Role of Comptroller and Auditor General of India
8.3 Role of Public Accounts Committee, Review of Accounts
8.4 Government Accounting Standards issued by Government Accounting Standards Advisory
Board (GASAB)
8.5 Government Accounting and Reporting

The Institute of Cost Accountants of India

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