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P6

The CMA Syllabus 2022 outlines the curriculum for Paper 6: Financial Accounting, which is divided into six sections covering various accounting topics such as fundamentals, special transactions, financial statement preparation, partnership accounts, lease and departmental accounts, and accounting standards. Each section has specific modules with assigned weightings contributing to a total of 100 marks. Key areas include accounting principles, preparation of financial statements for different organizations, partnership accounting, and adherence to accounting standards.

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4 views

P6

The CMA Syllabus 2022 outlines the curriculum for Paper 6: Financial Accounting, which is divided into six sections covering various accounting topics such as fundamentals, special transactions, financial statement preparation, partnership accounts, lease and departmental accounts, and accounting standards. Each section has specific modules with assigned weightings contributing to a total of 100 marks. Key areas include accounting principles, preparation of financial statements for different organizations, partnership accounting, and adherence to accounting standards.

Uploaded by

surajjana2001
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 6

FINANCIAL ACCOUNTING (FA) 100 Marks

Module No. Module Description Weight

Section A: Accounting Fundamentals 15%

1 Accounting Fundamentals 15%

Section B: Accounting for Special Transactions 10%

2 Bills of Exchange, Consignment, Joint Venture 10%

Section C: Preparation of Financial Statements 20%


Preparation of Final Accounts of Commercial Organisations,
3 20%
Not-for-Profit Organisations and from Incomplete Records
Section D: Partnership Accounts 20%

4 Partnership Accounts 20%

Section E: Lease, Branch and Departmental Accounts etc. 15%

5 Lease Accounting
Branch (including Foreign Branch) and Departmental
6
Accounts 15%
7 Insurance Claim for Loss of Stock and Loss of Profit

8 Hire Purchase and Installment Sale Transactions

Section F: Accounting Standards 20%

9 Accounting Standards 20%

SECTION A: ACCOUNTING FUNDAMENTALS

1. Accounting Fundamentals
1.1 Four Frameworks of Accounting (Conceptual, Legal, Institutional and Regulatory)
1.2 Accounting Principles, Concepts and Conventions
1.3 Capital and Revenue Transactions - Capital and Revenue Expenditures, Capital and
Revenue Receipts
1.4 Accounting Cycle – Charts of Accounts and Codification Structure, Analysis of Transaction
– Accounting Equation, Double Entry System, Books of Original Entry, Subsidiary
Books and Finalisation of Accounts
1.5 Journal (Day Books and Journal Proper - Opening Entries, Transfer Entries, Closing
Entries, Adjustment entries, Rectification entries), Ledger

The Institute of Cost Accountants of India


CMA Syllabus 2022

1.6 Cash Book, Bank Book, Bank Reconciliation Statement


1.7 Trial Balance (Preparation and Scrutiny)
1.8 Adjustments and Rectifications
1.8.1 Depreciation and Amortisation
1.8.2 Adjustment Entries and Rectification of Errors
1.8.3 Accounting Treatment of Bad Debts and Provision for Doubtful Debts,
Provision for Discount on Debtors and Provision for Discount on Creditors

SECTION B: ACCOUNTING FOR SPECIAL TRANSACTIONS

2. Bills of Exchange, Consignment, Joint Venture

SECTION C: PREPARATION OF FINANCIAL STATEMENTS

3. Preparation of Final Accounts of Commercial Organisations, Not-for-Profit Organisations


and from Incomplete Records
3.1 Preparation of Financial Statements of Commercial Organisations (other than Corporate
Form of Organisation)
3.1.1 Income Statement
3.1.2 Balance Sheet
3.2 Preparation of Financial Statements of Not-for-Profit Organisation
3.2.1 Preparation of Receipts and Payments Account
3.2.2 Preparation of Income and Expenditure Account
3.2.3 Preparation of Balance Sheet
3.3 Preparation of Financial Statements from Incomplete Records

SECTION D: PARTNERSHIP ACCOUNTS

4. Partnership Accounting
4.1 Admission of Partner
4.2 Retirement of Partner
4.3 Death of Partner
4.4 Treatment of Joint Life Policy
4.5 Dissolution of Partnership Firms Including Piecemeal Distribution
4.6 Amalgamation of Partnership Firms
4.7 Conversion of Partnership Firm into a Company and Sale of Partnership Firm to a
Company
4.8 Accounting of Limited Liability Partnership

The Institute of Cost Accountants of India


CMA Syllabus 2022

SECTION E: LEASE, BRANCH AND DEPARTMENTAL ACCOUNTS ETC.

5. Lease Accounting
6. Branch (including Foreign Branch) and Departmental Accounts
7. Insurance Claim for Loss of Stock and Loss of Profit
8. Hire Purchase and Installment Sale Transactions

SECTION F: ACCOUNTING STANDARDS

9. Accounting Standards
9.1 Introduction to Accounting Standards
9.1.1 GAAP
9.1.2 AS
9.1.3 Convergence to Ind AS – Applicability and Scope
9.2 Specified Accounting Standards with Comparative Provisions under Ind AS
9.2.1 Disclosure of Accounting Policies (AS 1)
9.2.2 Property Plant and Equipment (AS 10)
9.2.3 The Effects of Changes in Foreign Exchange Rate (AS 11)
9.2.4 Accounting for Government Grants (AS 12)
9.2.5 Borrowing Costs (AS 16)
9.2.6 Accounting for Taxes on Income (AS 22)

The Institute of Cost Accountants of India

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