CA Final Financial Reporting Amendments Notes Nov 17

Amendments in CA Final Financial Reporting (Accounts) applicable for Nov 2017 examinations are fewer in number as comparison to other subject. This subject is known for its frequent amendments in syllabus but for Nov 2017 examination it has some amendments which we will discuss later in this post.

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 2017, whether IFRS are applicable for May 2017 attempt, Whether INDas are applicable for Nov 2017 examination. So remove all of your confusion here are the amendments which are applicable from May 2017 attempt onwards.

Topics Which are applicable for CA Final Financial Reporting

1 All Accounting Standards
2 Introduction to INDas
3 All Ind AS carve outs/ins vis-a-vis IFRS
4 Comparative study of IND AS with AS
5 Ind AS 32, 107 & 109 in detail
6 AS 30, 31 & 32


Topics Which are NOT applicable for CA Final Financial Reporting

1 All Detailed IND AS
2 Interpretation by IFRIC
3 Understanding of US GAAP
4 Application of US GAAP & IFRS
5 Chapter 2 & 6 of Jan 15 edition Study Material(SM)


Applicability of Dividend Distribution Tax for Nov 2017 exams

Dividend Distribution Tax will applicable at the rate of 15% excluding surcharge of 12% & Secondary & Higher education cess of 2% & 1% respectively.

IFRS Applicability for Nov 2017

The topic “Overview of IAS, IFRS, IFRIC, Applications of IFRS and US, Understanding of US GAAPs, Significant differences vis-a-vis Indian Accounting Standards,” has not been included in the syllabus and the same is not applicable for November, 2016 Examination.

Below are the amendments by Praveen Sharma Sir

May 2017 exams are about to come and here we are back with amendment notes and video for CA Final Financial Reporting Notes. These notes and video class is provided by Mr. Praveen Sharma Sir. These amendment notes are applicable for May 2017 exams. Some students search on google about CA Final Accounts amendment notes, amendment classes, accounts classes for May 2017 exams & Praveen sharma classes for May 2017 exams so we decided to upload the amendment video classes and amendments notes. So here we go first with the amendment class:-

CA Final Financial Reporting Amendments Notes By Parveen Sharma Sir

For understanding the amendment class with more clarity download the following files which contains the amendments applicable for Nov 2017 exams.

CA Final Financial Reporting Amendments Notes By Parveen Sharma Sir

Amendment Notes for Financial Reporting Notes 1– Download

Amendment Notes for Financial Reporting Notes 2– Download

The following contents are included in the amendment notes:-

Topic1 Carve Outs & Other Differences

Topic2 Differences AS & Ind AS

Topic3 Others Ind AS

Ind AS 29 : Financial Reporting in Hyperinflationary Economies

Ind AS 40 : Investment Property

Ind AS 41 :  Agriculture

Ind AS 101 : First-time Adoption of Indian Accounting Standards

Ind AS 104 : Insurance Contracts

Ind AS 106 : Exploration for and Evaluation of Mineral Resources

Ind AS 114 : Regulatory Deferral Accounts

Ind AS 115 : Revenue from Contracts with Customers

Topic4 Accounting and Reporting of Financial Instruments [Based on Ind AS 32, 107 & 109]

That’s all for CA Final Financial Reporting Amendments Notes By Parveen Sharma Sir. Keep Sharing.