CA Program subject
Financial Reporting
Financial reporting and business skills for professional practice, based on the International Financial Reporting Standards issued by the IASB.
Status
Compulsory subject
Seven modules
About the subject
This subject teaches financial reporting and business skills for professional practice. It is based on International Financial Reporting Standards (IFRSs) issued by the IASB. Candidates learn to apply IFRSs when preparing general purpose financial statements, and to use professional judgement in preparing them for designated entities.
The seven modules
- The role of financial reporting
- Presentation of financial statements
- Revenue and provisions
- Income taxes
- Business combinations and group accounting, which carries the heaviest weighting
- Financial instruments
- Impairment of assets
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