E-Book Taxmann CA Final Financial Reporting Study Material By Parveen Sharma, Kapileshwar Bhalla Applicable for May / November 2023 Exam


This book provides a step-by-step approach to Indian Accounting Standards (Ind AS). It incorporates notes (for last-minute revision), classroom teaching style, and a 3-step model for almost all Ind ASs (which will help students crack the complexities). It also covers both the concepts and questions in one place.

CA Final | New Syllabus | May/Nov. 2023 Exams

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Taxmann CA Final Financial Reporting By Parveen Sharma May 23

Taxmann CA Final Financial Reporting By Parveen Sharma May 23

This book is prepared exclusively for the Final Level of Chartered Accountancy Examination requirement. It covers the entire revised syllabus as per ICAI. This book serves as a guide for students & professionals, and the objectives of this book are as follows:

  • It helps the reader acquire the ability to integrate & solve problems in practical scenarios on Indian Accounting Standards (Ind AS). It also assists the reader in deciding the appropriate accounting treatment and formulation of suitable accounting policies
  • While preparing and presenting the financial statements, this book helps in the ability to recognize and apply disclosure requirements specified in Ind AS
  • Acquiring/developing the skill to prepare financial statements of group entities based on Ind AS
  • Develop an understanding of the various forms of reporting (other than financial statements) and accounting for special transactions, and apply such knowledge in problem-solving

The Present Publication is the 6th Edition for CA-Final | New Syllabus | May/Nov. 2023 exams. This book is authored by CA Parveen Sharma & CA Kapileshwar Bhalla, with the following noteworthy features:

[New Features of the 6th Edition] are as follows:

  • Incorporates ‘notes’, which acts as a mind map for last-minute revision for the exams
  • Incorporates the teaching style as used in a live class
  • Incorporates a ‘step-by-step approach’/’3-step model’ for almost all Ind ASs, which will help students to crack the complexities of the subject with ease
  • Covers both the concepts and questions in one place, which is the key to scoring well in FR

[Difficulties Encountered by Students in Exams] have been presented and discussed in this book

[Special emphasis on Ind AS strictly from an examination point of view] including the following:

  • Difference between AS & Ind AS
  • Carve-ins and Carve-outs w.r.t. IFRS

[Clarifications & Examples] have been given at various places to make the reader quickly understand the complexities involved in Ind AS

[Pointers for Important Issues] have been highlighted at various places

[1,000+ Examples, Diagrams, Charts, Clarifications & Explanations] are given to address the complicated standards

[Arrangement of Questions] has been done to suit beginners as well as experts by covering the following:

  • Objective Questions
  • Descriptive Questions
  • Practical Questions
  • Advanced Questions

Coverage of this book includes:

  • Past Examination Papers
  • Mock Test Papers (MTPs) of ICAI
  • Revisionary Test Papers (RTPs) of ICAI
  • Selected questions from Educational Materials of ICAI
  • Selected Ind AS Bulletins

[Student-Oriented Book] The authors have developed this book keeping in mind the following factors:

  • Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations
  • Shaped by the author’s experience of teaching the subject matter at different levels
  • Reactions and responses of students have also been incorporated at different places in the book

Detailed contents of this book are as follows:

Introductory Standards

  • Ind AS 10 – Events after Reporting Period
  • Ind AS 37 – Provision, Contingent Liability and Contingent Assets

Asset Related Standards

  • Ind AS 2 – Inventories
  • Ind AS 16 – Property, Plant and Equipment
  • Ind AS 38 – Intangible Assets
  • Ind AS 40 – Investment Property
  • Ind AS 41 – Agriculture
  • Ind AS 105 – Non-Current Assets (NCA) held for Sale & Discontinued Operations (DO)
  • Ind AS 23 – Borrowing Costs
  • Ind AS 36 – Impairment of Assets

Slightly Complicated Standards

  • Ind AS 12 – Income Taxes
  • Ind AS 21 – The Effects of Changes in Foreign Exchange Rates
  • Ind AS 19 – Employee Benefits
  • Ind AS 20 – Accounting for Government Grants and Disclosure of Government Assistance
  • Ind AS 8 – Accounting Policies, Changes in Accounting Estimates and Errors
  • Ind AS 102 – Share-Based Payments

Complex Standards

  • Ind AS 103 – Business Combination
  • Group Accounts
  • Financial Instruments (FI)
  • Ind AS 113 – Fair Value Measurements
  • Ind AS 115 – Revenue from Contracts with Customers
  • Ind AS 116 – Leases

Disclosure Related Standards

  • Ind AS 108 – Operating Segments
  • Ind AS 24 – Related Party Disclosures
  • Ind AS 33 – Earnings Per Share

Basic Standards

  • Ind AS 7 – Cash Flow Statement
  • Ind AS 34 – Interim Financial Reporting
  • Ind AS 1 – Presentation of Financial Statements

First Time Adoption

  • Ind AS 101 – First-Time Adoption of Ind AS

Non-Ind AS

  • Corporate Social Responsibility
  • Integrated Reporting
  • Framework for Financial Reporting under Ind AS
  • Roadmap to Ind AS
  • Formats of Financial Statements

About the author

Parveen Sharma

CA Parveen Sharma is a first-Class Commerce Graduate from Delhi University, having graduated from Sri Venkateswara College. He qualified Chartered Accountancy Course in 1996 and was placed on the merit list (Rank Holder) in Intermediate and Finals. He completed his post-graduation in Indian Accounting Standards and US GAAP in July 2007. He qualified certificate course on valuation from ICAI in January 2010.

He is also an Associate Member of the Institute of Cost and Works Accountants of India and Licentiate of Institute of Company Secretaries of India. He topped Delhi University by scoring 100% marks in Accountancy. He also won Gold Medal in Accounts Olympiad held in 1990.

He has the honour of being co-opted as a member of Board of Studies (2006-2007), Advisor, Accounting Standards Committee (2007-08), Member of Committee for Accounting Standards for Local Bodies for the year 2007-2008, and Regional Monitoring Committee

(2003-04) of Institute of Chartered Accountants of India and Member, Committee on Management Accounting of ICAI for the year 2008-09.

He has vast experience teaching Accountancy to students of CA Final and CA IPCC P.E.II / Intermediate and has been visiting faculty at ICAI and ICWAI. He is currently teaching accountancy to various levels of Professional Institutes and Universities and has addressed several courses and seminars organized by Professional Institute. He has authored research documents on various issues.

Kapileshwar Bhalla

CA Kapileshwar Bhalla is a qualified Chartered Accountant. He is a fellow member of the Institute of Chartered Accountants of India. He did his graduation from Delhi University (Shri Ram College of Commerce) in 1996.

He has been actively teaching students Accountancy and Cost Accounting at IPCC and Final levels of Chartered Accountancy since 1999. He has delivered various seminars on Accounting Standards, IFRS, and Ind AS at multiple forums to the students and industry.

He is currently associated with Aldine CA, which coaches CA aspirants via satellite. He is also a visiting faculty with ICAI and other professional institutes.