The CA Final Financial Reporting (FR) syllabus is a comprehensive study program designed to provide candidates with a deep understanding of accounting and financial reporting standards under Indian Accounting Standards (Ind AS). This syllabus is divided into four modules, each addressing specific aspects of financial reporting and accounting practices. Let's provide an overview of the CA Final FR syllabus:

Module 1 - Initial Pages and Ind AS Overview

This module introduces the fundamental concepts and principles of financial reporting under Indian Accounting Standards (Ind AS).

- Topics covered include the Conceptual Framework for Financial Reporting, Presentation of General Purpose Financial Statements, Statement of Cash Flows, Revenue Recognition, and various other Ind AS standards.

- Candidates learn how to apply these standards to financial reporting and disclosure.

Module 2 - Assets of the Financial Statements

- This module focuses on the recognition, measurement, and accounting of various assets.

- It covers topics such as Inventories, Property, Plant, and Equipment, Leases, Borrowing Costs, Impairment of Assets, Intangible Assets, Investment Property, and Non-Current Assets held for Sale.

- Candidates gain an in-depth understanding of how to account for and report these assets in financial statements.

Module 3 - Liabilities and Items Impacting Financial Statements

- This module delves into the accounting treatment of liabilities and items affecting financial statements.

- It covers areas such as Employee Benefits, Provisions, Contingent Liabilities and Assets, Income Taxes, Effects of Changes in Foreign Exchange Rates, and various other financial liabilities.

- Candidates learn how to apply Ind AS standards to recognize, measure, and disclose liabilities and other items.

Module 4 - Business Combinations, Reporting of Financial Instruments, and More

- This final module encompasses a wide range of topics, including Business Combinations and Corporate Restructuring, Consolidated and Separate Financial Statements, Analysis of Financial Statements, Integrated Reporting, and Corporate Social Responsibility.

- Candidates explore concepts such as consolidation, joint arrangements, investments in associates and joint ventures, and the analysis of financial statements.

- The module also covers financial instruments, including their recognition, measurement, and disclosure, as well as hedge accounting.

Test Your Knowledge

- This section allows candidates to assess their understanding of the topics covered in the syllabus through practice questions and assessments.

The CA Final FR syllabus is designed to equip candidates with the knowledge and skills required to navigate complex financial reporting challenges and comply with Indian Accounting Standards. Successful completion of this syllabus is essential for those aspiring to become Chartered Accountants and excel in the field of finance and accounting.