Financial Reporting
6 chapters mappedConceptual Framework & Ind AS Roadmap
Ind AS converges with IFRS; mandatory for listed companies + specified thresholds.
Open chapter →Ind AS 115 — Revenue from Contracts with Customers
5-step model: Identify contract → Identify POs → Determine transaction price → Allocate → Recognise.
Open chapter →Ind AS 116 — Leases
Single lessee model: virtually all leases on balance sheet (Right-of-Use asset + lease liability).
Open chapter →Ind AS 110 — Consolidated Financial Statements
Control: power over investee + exposure to variable returns + ability to use power.
Open chapter →Ind AS 109 — Financial Instruments
Classification: business model test + SPPI (Solely Payments of Principal & Interest) test.
Open chapter →Ind AS 12 — Income Taxes
Current tax + Deferred tax = Total tax expense.
Open chapter →Advanced Financial Management
6 chapters mappedFinancial Policy & Corporate Strategy / Risk Management
Financial policy aligned with corporate strategy (growth, profitability, market position).
Open chapter →Security Analysis & Portfolio Management
Fundamental analysis: EIC framework (Economy → Industry → Company).
Open chapter →Derivatives Analysis & Valuation
Forward: customised OTC; Futures: exchange-traded standardised.
Open chapter →International Financial Management
Forex risk types: transaction, translation, economic.
Open chapter →Mergers, Acquisitions & Corporate Restructuring
Types: Horizontal (same industry), Vertical (supply chain), Conglomerate (unrelated).
Open chapter →Startup Finance & Business Valuation
Funding stages: bootstrapping → angel → seed → Series A/B/C → IPO/exit.
Open chapter →Advanced Auditing, Assurance & Professional Ethics
6 chapters mappedQuality Control & Engagement Standards
SA 220 / SQC 1: quality control at engagement and firm level.
Open chapter →Risk Assessment & Internal Control (Advanced)
SA 315 (Revised 2019): identify RoMM at FS & assertion level.
Open chapter →Audit Evidence — Special Considerations
SA 540 (Revised): audit of accounting estimates & disclosures.
Open chapter →Audit Report & Reporting (SA 700 Series)
SA 700 — Forming opinion & reporting on FS.
Open chapter →Professional Ethics & Liabilities
Schedule I & II of CA Act — Professional Misconduct categories.
Open chapter →Audit of Banks & NBFCs
Banks audited under Banking Regulation Act + Companies Act; RBI guidelines.
Open chapter →Direct Tax Laws & International Taxation
6 chapters mappedTaxation of Companies & MAT
Domestic company tax rates: 25% (turnover ≤ ₹400 cr in 2 PYs back) / 30% (others) + surcharge + cess.
Open chapter →Capital Gains — Advanced
STCG / LTCG distinction by holding period (12/24/36 months varies).
Open chapter →Transfer Pricing (Sec 92 to 92F)
International transaction between associated enterprises must be at arm's length price (ALP).
Open chapter →DTAA & International Taxation
Double Taxation Avoidance Agreement: bilateral treaty under Sec 90/90A.
Open chapter →Assessment & Appeals
Returns: ITR-1 to ITR-7; due dates (31 July / 31 October / 30 November).
Open chapter →TDS, TCS & Advance Tax
TDS sections (Sec 192-196) cover salary, interest, contractor, professional fee, rent, etc.
Open chapter →Indirect Tax Laws
6 chapters mappedGST — Supply, Levy & Composition (Advanced)
Sec 7 Supply — eight modes; Schedule I (deemed supply), Schedule II (clarification), Schedule III (neither).
Open chapter →GST — Input Tax Credit (Advanced)
ITC eligibility (Sec 16): documents, receipt of supply, supplier paid tax, return filed.
Open chapter →GST — Registration, Returns & Refunds
Registration thresholds: ₹40L goods, ₹20L services (₹10L special category).
Open chapter →GST — Assessment, Audit & Demands
Self-assessment (Sec 59) is the norm; provisional, scrutiny, best judgment for non-filers (Sec 60-64).
Open chapter →Customs — Levy, Valuation & Procedures
Customs Act 1962 governs import/export duties; Customs Tariff Act 1975 prescribes rates.
Open chapter →Foreign Trade Policy (FTP) 2023
FTP 2023 issued by DGFT for boosting exports; no fixed end date (continuous).
Open chapter →Integrated Business Solutions (Multidisciplinary)
6 chapters mappedCase Study Approach & Multidisciplinary Analysis
IBS tests integration across FR, AFM, AAA, DT, IDT, SCMPE, SPOM.
Open chapter →FR + Tax Integration
Ind AS impact on deferred tax — significant due to fair value, ECL, lease accounting.
Open chapter →Audit + Internal Control + Risk
Audit response to identified risk: ToC + substantive procedures.
Open chapter →M&A + AFM + Tax Integration
M&A structures: merger, demerger, slump sale, share purchase, asset purchase — tax differs.
Open chapter →Ethics & Corporate Governance in Practice
Corporate Governance — board structure, audit committee, independent directors.
Open chapter →Digital Business, Sustainability & Emerging Areas
Digital transformation: cloud, AI/ML, blockchain, RPA — impact on accounting, audit, tax.
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