Taxmann's Financial Reporting is prepared exclusively for the Final Level of Chartered Accountancy Examination requirement. It covers the entire revised syllabus as per ICAI. This book serves as a guide for students & professionals, and the objectives of this book are as follows: It helps the reader acquire the ability to integrate & solve problems in practical scenarios on Indian Accounting Standards (Ind AS). It also assists the reader in deciding the appropriate accounting treatment and formulation of suitable accounting policies While preparing and presenting the financial statements, this book helps in the ability to recognize and apply disclosure requirements specified in Ind AS Acquiring/developing the skill to prepare financial statements of group entities based on Ind AS Develop an understanding of the various forms of reporting (other than financial statements) and accounting for special transactions, and apply such knowledge in problem-solving The Present Publication is the 5th Edition amended by the Companies (Ind AS) Amendment Rules for CA-Final | New Syllabus, authored by CA Parveen Sharma & CA Kapileshwar Bhalla, with the following noteworthy features: As per the revised syllabus announced by ICAI Coverage of this book includes:Financial Instruments (Ind AS 32, 109 & 107)Revenue (Ind AS 115)Leases (Ind AS 116)Business Combination (Ind AS 103)Consolidation (Ind AS 110,111,28 & 27)Solved Papers with Guideline Answers:CA (Final) - May 2019 Exam | New Syllabus | Guidelines AnswersCA (Final) - November 2019 Exam | New Syllabus | Guidelines AnswersCA (Final) - November 2020 Exam | New Syllabus | Guidelines AnswersCA (Final) - January 2021 Exam | New Syllabus | Guidelines AnswersCA (Final) - July 2021 Exam | New Syllabus | Guidelines Answers [Examples, Diagrams, Charts, Clarifications & Explainations] are given to address the complicated standards [Special emphasis on Ind AS strictly from an examination point of view] including differences between AS and Ind AS and carve-in & carve-outs with respect to IFRS [Student-Oriented Book] The authors have developed this book, keeping in mind the following factors:Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinationsShaped by the authors' experience of teaching the subject matter at different levelsReaction and responses of students have also been incorporated at different places in the book [950+ Examples/Case Studies, Questions with Answers] have been given at various places in the book to make students understand the complexities involved in Ind AS [Self-preparatory Book] The book has been written in a classroom-style-teaching methodology so that the average student can understand & master the subject without assistance [Thoroughly Updated & Amended] This book has been amended as per the Companies (Ind AS) Amendment Rules 2020. Also, the amendments related to Ind AS - 103 & 116 and other amendments have been incorporated Also Available: [7th Edition] of Taxmann's Students' Guide to Ind Ass [4th Edition] of Taxmann's CRACKER cum Exam Guide on Financial Reporting (New Syllabus) [3rd Edition] of Taxmann's PROBLEMS & SOLUTIONS on Financial Reporting (New Syllabus) [1st Edition] of Taxmann's CLASS NOTES on Financial Reporting Detailed contents of this book are as follows: Framework for Preparation and Presentation of Financial Statements Ind AS on Presentation of Items in the Financial StatementsInd AS 1 - Presentation of Financial StatementsInd AS 34 - Interim Financial ReportingInd AS 7 - Cash Flow Statement Ind AS 115 - Revenue from Contracts with Customers Ind AS on Measurement-based on Accounting PoliciesInd AS 8 - Accounting Policies, Changes in Accounting Estimates and ErrorsInd AS 10 - Events after the Reporting PeriodInd AS 113 - Fair Value Measurement Other Ind ASInd AS 20 - Accounting for Government Grants and Disclosure of Government Assistance Ind AS 101 - First Time Adoption