CA Final Financial Reporting Amendments Nov 18

CA Final Financial Reporting Amendments Nov 18 are fewer in number as comparison to other subject. This subject is known for its frequent amendments in syllabus but for Nov 2018 examination it has some amendments which we will discuss later in this post. So do read CA Final Financial Reporting Amendments Notes Nov 18 till the end.

Amendments in CA Financial Reporting came in majorly Accounting Standards portion. Students usually searched on google regarding CA Final Financial Reporting Syllabus, Amendments in CA Financial reporting for Nov 2018, whether IFRS are applicable for Nov 18 CA final attempt, Whether INDas are applicable for Nov 2018 examination. So remove all of your confusion here are the amendments which are applicable from Nov 2018 attempt onwards.

Inclusions: CA Final Financial Reporting NOV 18

S. no.  TopicsInclusions
1.Application       of Existing Accounting StandardsAS 15 : Employee Benefits
AS 21 : Consolidated Financial Statements
AS  23  :  Accounting  for  Investments Associates  in  Consolidated Financial Statements
AS 25 : Interim Financial Reporting
AS 27 : Financial Reporting of Interests in Joint Ventures
AS 28 : Impairment of Assets
2.Application       of Guidance  Notes issued by ICAI on specified accounting aspects.1. Guidance Note on Measurement of Income Tax Expense for Interim Financial Reporting in the context of AS 25

2. Guidance Note on Applicability of AS 25 to Interim Financial Results

3. Guidance Note on Combined and Carve–Out Financial Statements.

4. Guidance Note on Accounting for Derivative Contracts

5. Guidance  Note  on  Accounting  for  Expenditure  on  Corporate  Social Responsibility  Activities

6. Guidance Note on Accounting for Self-Generated Certified Emission Reductions (CERs)  

7. Guidance Note on Accounting by Dot-Com Companies
1 and 4-9Application     of Existing Accounting Standards                       and Indian Accounting Standards1. On Ind AS   Discounting of deferred debts (retention money) (Opinion finalised by the Committee on 2.9.2016). (

2. O
n AS Adjustment of the effect of first recognition of group gratuity liability against opening balance of reserves and surplus as an appropriation in the current financial (Opinion finalised by the Committee on 21.7.2016). (

3. Accounting treatment of pension liability post-separation. (Opinion finalised by the Committee on 4.2015)

4. Requirement for preparation of Complete/ Condensed set of financial statements (Opinion finalised by the Committee on 6.2015.)  

5. Amortisation of SAP license and accounting for annual renewal fee. (Opinion finalised by the Committee on 23.4.2015.)

Exclusions : CA Final Financial Reporting Nov 18

S.  No. TopicsExclusions
4.Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial StatementsIndian  Accounting  Standard  (Ind  AS)  37  ‘Provisions, Contingent Liabilities and Contingent Assets’   Appendix A: Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds Appendix B: Liabilities arising from Participating in a Specific Market — Waste Electrical and Electronic Equipment
6.Application of Industry specific and Transaction Specific Indian Accounting Standards (other than Business Combination, Financial  Instruments  and Share Based Payment)Indian  Accounting  Standard  (Ind  AS)  29  :  Financial Reporting in Hyper inflationary Economies

Indian Accounting  Standard  (Ind  AS)  104  :  Insurance Contracts

Indian Accounting Standard (Ind AS) 106 : Exploration for and Evaluation of Mineral Resources


  • In the above tables ‘A’ and ‘B’, in respect of the topics of the syllabus specified in column (2) the related inclusion / exclusion is given in column (3).
  • August 2017  edition  of  the  Study  Material  is  relevant  for  November,  2018    Students  are advised to read the same alongwith the corrigendum uploaded on the website.
  • Except the exclusions mentioned (above in Table B) from the syllabus, the entire content included in the August 2017 edition of the Study Material is relevant for the said

For understanding the amendment class with more clarity download the following files which contains the amendments applicable for Nov 2018 exams.

Official Notification

CA Final Financial Reporting Amendments Nov 18
CA Final Financial Reporting Amendments Nov 18

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