CA Final FR Charts by Ravi Kanth Miriyala
Ind AS (covered under Financial Reporting) are “principle based” standards. As you aware, application of these standards is mandatory for all listed companies and other large unlisted entities in India. Conceptual understanding of the standards is essential in properly applying the same in practical training as well as in professional life, be it practice or employment. Being in the teaching profession for good more than a decade, we observed, on numerous occasions, difficulties faced by students in understanding standards and we firmly believe they need appropriate guidance. In our observation, prima facie, the reasons for such difficulties are – (1) The terminology used in the Ind AS; (2) Inter linkage between various standards; & (3) Lack of explanation with the help of illustrations; Our struggle in understating and application of the standards motivated us to share knowledge through writing a book on Financial Reporting in simple and lucid language with the most appropriate practical examples. We tried our best to eliminate these difficulties and yet to deliver the knowledge in its right sense. We hope you will agree with us after reading the book.
The book “Quick revision fast track charts on financial reporting” covers the summary of important points of ALL the standards including business combination and consolidation in CHART FORM. It helps students to revise the subject in quicker manner just before exam. Please note that, this book will help you a lot if you read it immediately after reading Ind AS made easy & Financial reporting made easy. Students are recommended to make additional notes to make their understanding of the concepts further easier.
This book has the following unique features to help:
We are confident that this book would be helpful to the members of ICAI and all the students preparing for CA – FINAL, CMA – FINAL & M.Com. examinations.
From the bottom of our heart, we are grateful to our dearest friend CA. Rama Krishna Reddy Borra for his continuous help in motivating and correcting us at every stage of the book.
Due care has been taken to make this book error free though unintended errors or omissions might have crept in. We request the users of this book to bring the same to the notice of the author. Also, request the readers to provide their suggestions for the further improvement of this work.