Paper 17

Paper 17

Paper 17 : Corporate Financial Reporting (CFR)


To understand the recognition, measurement, disclosure and analysis of information in an entity’s financial statements to cater the needs of the stakeholders.

Learning Aims

The syllabus aims to test the student’s ability to:

  • Demonstrate the financial statements for understanding of stakeholders;
  • Analyze the impact of GAAP and its application for reporting and compliance;
  • Evaluate financial statements for strategic decision-making;
  • Interpret and apply the ongoing developments for financial reporting.

Section A : GAAP and Accounting Standards 20%

  • Accounting Standards

Section B : Accounting of Business Combinations & Restructuring 20%

  • Accounting of Business Combinations & Restructuring

Section C : Consolidated Financial Statements (Ind AS) 20%

  • Group Financial Statements

Section D : Developments in Financial Reporting and other item of Reporting 25%

  • Recent Trends in Financial Reporting
  • Valuation, Accounting and Reporting of Financial Instruments and others (Ind AS)
  • Share Based Payments (Ind AS)
  • Reporting through XBRL (Extended Business Reporting Language)

Section E : Government Accounting in India 15%

  • Government Accounting Procedure and Standards