CA Final Group I Amendments
Financial Reporting (FR) Amendments for CA Final May 2017 Exam
No major changes or amendments are made compared to Nov 2016 Examinations. only two new guidelines on ‘Accounting of Expenditure on CSR Activities’ and ‘Accounting for Derivative Contracts’ are add in CA Final May 2017 Examination. more details provided as follows.
APPLICABILITY OF ACCOUNTING STANDARDS (AS):
All AS (Accounting Standards) are Applicable Except Following:
AS 30, AS 31, AS 32 is not applicable For Financial Reporting (FR) in CA Final May 2017 Examinations
AS 8 “Accounting for Research and Development” has been withdrawn consequent to the issue of AS 26 on “Intangible Assets”.
APPLICABILITY OF INDIAN ACCOUNTING STANDARD (IND AS):
- Introduction of Indian Accounting Standards (Ind AS)
- Comparative study of ASs Vs Ind ASs
- Carve-outs/ins in Ind ASs vs International Financial Reporting Standards (IFRSs)
- Overview of IAS (International Accounting Standards) / IFRS (International Financial Reporting Standards)
- Significant differences between Indian Accounting Standards, Understanding of US GAAPs, Applications of IFRS and US GAAPs
FR TOPIC APPLICABLE IN MAY 2017 CA FINAL EXAM:
- Framework for the Preparation and Presentation of Financial Statements.
- Guidance Notes on Accounting Aspects
- Relevant Sections of The Companies Act, 2013 and other Legislative Amendments including relevant Notifications /Circulars / Rules / Guidelines issued up to 31st October 2016 will be applicable for CA Final May 2017 Examination.
- Amendments made by MCA on 30.3.2016 in the Companies (Accounting Standards) Rules, 2006 and Companies (Indian Accounting Standards) Rules, 2015 are applicable for FR, CA Final May 2017 examination.
CA Final SFM Amendments for May 2017 Exam
Generally, ICAI Not Amending SFM Syllabus. hence, No new Amendment and Changes are made in Strategic Financial management -SFM, CA Final May 2017 Examination compare to the previous examination November 2016. The syllabus applicable are same as the previous exam November 2016.
However, new Question and Practical problems add added in new Practice manual. Check Study material (SM) and Practice Manual (PM) of the relevant attempt.
Amendments in Audit for CA Final May 2017 Exam
http://www.sebi.gov.in/cms/sebi_data/attachdocs/1464245320010.pdf
One comment on “Amendments Applicable for CA Final May 2017 Exam”
Himanshi
15/02/2017 at 3:17 pmThanks for the most useful information.
But I need to confirm ,in auditing ,the guidance notes mentioned are separate notes added or its part of chapter only as old topics? .
I m feeling them familier like guidance notes on audit of expenses etc
Wil wait for reply sooner.
Thanks .
Regards
Himanshi