CFR - June /Dec 25

MASTER PLANNING DOSSIER

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 Corporate Financial Reporting

Sanjay Welkins Classes

Welkins Virtual Planet & CMA Virtual Planet

CMA Master Planning for

June 25/ Dec 25 Attempt

1. Strategic Planning :

Strategic planning is a process that helps in defining direction and allocating resources to achieve
goals.

Steps in Successful Strategy

Threadbare Analysis of Segregation of Syllabus Priority

Syllabus

Threadbare Analysis of Syllabus

a.
Section A: Specific Accounting Standards - 25%

Section B: Valuation of Shares, Accounting And Reporting of Financial Instruments And NBFCs
- 15%
Section C: Accounting for Business Combination & Restructuring
(In Compliance With Ind Ass) - 20%

Section D: Consolidated Financial Statements And Separate Financial Statements (In

Compliance With Ind ASs) - 20%
Section E: Recent Developments In Financial Reporting - 10%
Section F: Government accounting in India - 10%
b. MCQ Questions 2 x 15
Descriptive 5 Q out of 7
Part a or b Or Part a,b,c

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 CORPORATE FINANCIAL REPORTING (CFR)
100 Marks

Section A: Indian Accounting  Accounting Policies, Changes in Accounting Estimates and Errors
Standards - 25% (Ind AS 8)
 Income Taxes (Ind AS 12)
 Property, Plant and Equipment (Ind AS 16)
 Leases (Ind AS 116)
 The Effects of Changes in Foreign Exchange Rates (Ind AS 21)
 Borrowing Costs (Ind AS 23)
 Impairment of Assets (Ind AS 36)
 Intangible Assets (Ind AS 38)
 Share based Payment (Ind AS 102)
 Operating Segments (Ind AS 108)
 Fair Value Measurement (Ind AS 113)
 Revenue from Contracts with Customers (Ind AS 115)

SECTION B: - 15%  Valuation of Shares and Goodwill,

 Accounting of Financial Instruments
 NBFCs

SECTION C: - 20%  Business Combination and Restructuring

 Difference between Ind AS 103 and AS 14.
 Internal Reconstruction (Capital Reduction)

Consolidated Financial Statements and Separate Financial Statements -

SECTION D: - 20% Ind AS 110
(Brief Provisions of AS 27 , 28 , 111)

SECTION E - 10%  4P Bottom Line Reporting

 Sustainability Reporting and Global Reporting Initiative
 Business Responsibility and Sustainability Report
 Integrated Reporting
 Corporate Social Responsibility Reporting in India
 Environmental, Social and Governance (ESG)
 Human Resource Reporting
 Value Added Statement
 Economic Value Added and Market Value Added
 Reporting through XBRL (eXtensible Business Reporting
Language)
 Quarterly Earnings Call Management

SECTION F: - 10% Government Accounting in India

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 Corporate Financial Reporting

A . Practical Chapters

Practical Chapters

 Business Combination - Ind AS 103

including Amalgamation and Internal
Reconstruction
 Consolidation - Ind AS 110
 Share based Payments - Ind AS 102
 Valuation of Goodwill
 Valuation of Shares
 NBFC
 Financial Instruments
 Value Added Statements
 Economic Value Added & Market value
added Statements

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B . Theoretical Chapters :

 4P Bottom Line Reporting

 Sustainability Reporting and Global
Reporting Initiative
 Business Responsibility and
Sustainability Report
 Integrated Reporting
 Corporate Social Responsibility
Reporting in India
 Environmental, Social and
Governance (ESG)
 Human Resource Reporting
 Reporting through XBRL
(eXtensible Business Reporting
Language)
 Quarterly Earnings Call
Management
 Government Accounting

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 Corporate Financial Reporting

C. Ind AS
Accounting Policies, Changes in
Accounting Estimates and Errors (Ind
AS 8)
Income Taxes (Ind AS 12)
Property, Plant and Equipment (Ind AS
16)
Leases (Ind AS 116)
The Effects of Changes in Foreign
Exchange Rates (Ind AS 21)
Borrowing Costs (Ind AS 23)
Impairment of Assets (Ind AS 36)
Intangible Assets (Ind AS 38)
Operating Segments (Ind AS 108)
Fair Value Measurement (Ind AS 113)
Revenue from Contracts with
Customers (Ind AS 115)

D. MCQ
Chapter wise MCQ

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Priority Order

Practical Chapters

1. Ind AS 103 : Business Combination

2. Ind AS 110 : Consolidation
3. Valuation of Goodwill
4. Valuation of Shares
5. Financial Instruments
6. NBFC
7. VAS
8. EVA & MVA

Theoretical Chapters
Government Accounting
1.
Corporate Social Responsibility Reporting in India
2.
 4P Bottom Line Reporting
3.
 Sustainability Reporting and Global Reporting Initiative
 Business Responsibility and Sustainability Report
 Integrated Reporting
 Environmental, Social and Governance (ESG)
 Human Resource Reporting
 Reporting through XBRL (eXtensible Business Reporting Language)
 Quarterly Earnings Call Management

Ind AS
1. Revenue from Contracts with Customers (Ind AS 115)
2. Leases (Ind AS 116)
3. Impairment of Assets (Ind AS 36)
4. Intangible Assets (Ind AS 38)
5. Property, Plant and Equipment (Ind AS 16)
6. Income Taxes (Ind AS 12)
7. The Effects of Changes in Foreign Exchange Rates (Ind AS 21)

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 Corporate Financial Reporting

8. Borrowing Costs (Ind AS 23)

9. Operating Segments (Ind AS 108)
10. Fair Value Measurement (Ind AS 113)
11. Accounting Policies, Changes in Accounting Estimates and Errors (Ind AS 8)

Features of a Hi Quality Course

3 Phase Coverage
1. Coverage of Module / Books
2. Past Year Questions
3. Revisionary Sessions

 Systematic Sequence and well framed Module

 Potent and Penetrative and exam oriented coverage
 Latest, updated and Well researched and Study Material
 Performance Assessment and Rehearsal Test Series

Frequently Asked Questions

Do we need to do Institute's Module also :

Since all the questions of Institute's module are well and duly covered in our Material and tutorials,
students need not require to refer module.

How to Revise
After having finished the course student must do revision by attempting at least:

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1. Past Two attempt Papers
2. Two Mock test Papers of the institute

How to prepare for MCQ Questions

Separate Study booklet shall be provided containing MCQs with solutions. After having finished the
chapter you must do these MCQ

In which order videos should be watched

As per sequence given

What about Doubts :

THREE Level Doubt Clearing
(Level-1) : via Whatsapp
(Level-2) : via Mail
(Level-3) : via Phone Call

Revision

Two months prior to exam we would commence revision series

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 Corporate Financial Reporting

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