PADHUKA'S STUDENT GUIDE ON FINANCIAL REPORTING ( old Syllabus ) BY CA G SEKAR

Complete Coverage of the CA Final financial Reporting Syllabus

Content Update on Schedule III with Practical Questions and Presentation Guidelines

Summary of all Accounting Standards & Comparison with lnd AS, IAS, etc

Coverage of Guidance Notes issued by the ICAI

Use of Diagrams, Tables and Flowcharts for higher clarity of concepts

Solved Illustrations as guidance to (he Student on how to present answers in Professional Exams

1.Accounting is an art, and confidence can be gained by ‘practicing’ reasonable number of illustrations in every area with full involvement. Mere reading as (0 how a question is solved in The Textbook will not be sufficient

2.Procedure I Principle for treating specific items, e,g, elimination of unrealised profits in Consolidation process, etc, should be ‘remembered’, In any question, the procedure I principle Remains the same, only numbers differ. Good Memory of Principles is starting point for better Control and grasp over the concepts,

3.In areas like Amalgamation, Consolidation, etc, “adjustments” are made to two tallied Balance Sheets, If Debit and Credit Principles al’e taken care of and considered properly, the final I Revised Balance Sheet can be easily drawn, There is no question of Balance Sheet no! Tallying, etc

4.Reasonable Assumptions (within the scope of the question) can be made in appropriate situations, and it is not necessary to re-solve the question under the alternative assumption in all cases