Financial Reporting
Ind AS — conceptual framework, consolidations, financial instruments, leases, business combinations, and first-time adoption.
Your Success Path
Conceptual Framework and Ind AS 1
Ind AS 1; CF 2018Qualitative characteristics · Asset/liability definitions · Presentation of financial statements · OCI items
Ind AS 2, 7, 8 and 10 — Inventories, Cash Flows, Accounting Policies
Ind AS 2, 7, 8, 10Inventory measurement · Cash flow classification · Accounting policy changes vs estimate changes · Adjusting events
Non-current Assets — PPE, Impairment, Intangibles, Investment Property
Ind AS 16, 36, 38, 40PPE revaluation model · Impairment and CGU · TIAPAM development cost criteria · Investment property FV model
Deferred Tax, Employee Benefits and Provisions
Ind AS 12, 19, 37Deferred tax assets and liabilities · Defined benefit obligations · Provisions and contingencies
Financial Instruments — Ind AS 32 and 109
Ind AS 32, 109Classification of financial assets · ECL 3-stage model · Hedge accounting · Compound instruments
Revenue and Leases — Ind AS 115 and 116
Ind AS 115, 1165-step revenue model · Over time vs point in time · ROU asset and lease liability · Sale-and-leaseback
Borrowing Costs, Foreign Exchange and Share-Based Payment
Ind AS 23, 21, 102Qualifying assets and capitalisation rate · Translation of monetary items · Foreign subsidiary translation · ESOP accounting
Business Combinations and Consolidated Financial Statements
Ind AS 103, 110Acquisition method · Goodwill — full vs partial · NCI · Consolidation adjustments and PUP
Associates, Joint Arrangements and Segment Reporting
Ind AS 28, 111, 108Equity method · Joint operation vs joint venture · Operating segment thresholds
EPS, Related Party Disclosures and First-time Adoption
Ind AS 33, 24, 101Basic and diluted EPS · Bonus and rights issue adjustments · Related party identification · Ind AS 101 optional exemptions