CA FINAL FINANCIAL REPORTING GUESSWORK… PUT MAXIMUM 2 TO 2.5 HOURS AND DO WHATSOEVER U WERE DOING….. DO MODEL TEST PAPER- icai.org/post.html?post_id=9475 AND 1. Economic value added concept & performance based bonus linked to EVA’ 2. Value added statement with the help of accounting ratios & missing figure. 3. HRA: calculation of maximum remuneration & valuation of HRA using lav and Schwartz model 1971. 4.FINANCIAL INSTRUMENTS & AS 30,31,32.: (a) Calculation of debt and equity components in compound financial instruments (b) Accounting of financial assets based on trade date accounting under HTM.AFS.FVTPL (c) Calculation of liability and equity component when value of call options under black & schools model is given. (d) Accounting of Debt securitizations 5. MUTUAL FUND : (a) Calculation of Nav (b) dividend equalization accounting ( c) calculation of effective rate of earnings 6 . AMALGAMATIONS. (a) purchase Consideration based on price earning ratio ( P/E ratio ) and balance sheet of transferee company .( may 2007 ) (b) concept of goodwill and calculation of purchase consideration when debt equity ratio is given .( may 2008 ) (c) amalgamation after 6/3 months after last balance sheet date ( nov 1996 big and small ltD ) (d) inter company holdings in amalgamation both (1) net assets basis (2) Net payment basis (e) Uniform accounting policy . (june 2009 ) (f) Amalgamation when shares of transferee company held by foreign company ( nov 2009 ) 7. SHARES BASED PAYMENT (a) Change in vesting period (b) Graded options (c) Shares appreciation rights (SAR) (d) Equity and cash settlement of ESOPs 8. CONSOLIDATED FINANCIAL STATEMENT • chain holding with different dates • Consolidated statement of profits. • Multiple acquisition dates • Disposal of investment in subsidiary • Foreign subsidiary • Accounting of associates and joint ventures.(AS 24 & AS 27) 9.RECONSTRUCTION: • SALE OF UNDERTAKINGS • Demergers 10.ACCOUNTING STANDARDS AS 11: pera 46A AS 7 (DISCLOUSURES) AS16. AS 19:(SALE AND LEASE BACK ) AS 20: CALULATION OF DILUETED EPS) AS 22: AS 28: IMPAIREMENT OF CGUS. AS 17.SEGMENT REPORTING AS PER REVISED SCHEDULE VI
Posted on: Sun, 25 May 2014 14:48:05 +0000
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