The Institute of Chartered Accountants of India (ICAI) has issued the Study Material for Financial Reporting applicable for May 2022 Examination onwards.
Module 1 consists of Initial Pages, Chapter 1: Framework for Preparation and Presentation of Financial Statements, Chapter 2: Ind AS on Presentation of Items in the Financial Statements which consists of Unit 1: Ind AS 1: Presentation of Financial Statements, Unit 2: Ind AS 34: Interim Financial Reporting, Unit 3: Ind AS 7: Statement of Cash Flows; Chapter 3: Ind AS 115: Revenue from Contracts with Customers; Chapter 4: Ind AS on Measurement-based on Accounting Policies; Chapter 5: Other Indian Accounting Standards.
Module 2 consists of Initial Pages; Chapter 7: Ind AS on Assets of the Financial Statements
Which is divided into Unit 1: Ind AS 2: Inventories, Unit 2: Ind AS 16: Property, Plant and Equipment, Unit 3: Ind AS 116: Leases, Unit 4: Ind AS 23: Borrowing Costs, Unit 5: Ind AS 36: Impairment of Assets, Unit 6: Ind AS 38: Intangible Assets, Unit 7: Ind AS 40: Investment Property, and Unit 8: Ind AS 105: Non-Current Assets Held for Sale and Discontinued Operations and Chapter 8: Ind AS 41: Agriculture.
Module 4 contains Initial Pages; Chapter 13: Business Combination and Corporate Restructuring; Chapter 14: Consolidated and Separate Financial Statements of Group Entities; Chapter 15: Analysis of Financial Statements; Chapter 16: Integrated Reporting; and Chapter 17: Corporate Social Responsibility.
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