CA Parveen Sharma, CA Kapileshwar Bhalla Financial Reporting

Financial Reporting is a comprehensive and practical guide that provides a deep understanding of the principles, standards, and practices involved in the preparation and presentation of financial statements. It is designed for students of CA, CMA, CS, MBA (Finance), and professionals engaged in corporate accounting and compliance.

The book explains how financial information is recorded, analyzed, and reported in accordance with accounting standards and regulatory frameworks, ensuring transparency, consistency, and comparability in financial communication.

Key Highlights:

• Conceptual framework of accounting and financial reporting

• Detailed explanation of Indian Accounting Standards (Ind AS) and IFRS convergence

• Preparation and presentation of financial statements as per Schedule III of the Companies Act, 2013

• Consolidation of financial statements, including subsidiaries, associates, and joint ventures

• Accounting for business combinations, mergers, and amalgamations

• Financial instruments, revenue recognition, leases, and fair value measurement

• Corporate disclosures, segment reporting, and cash flow analysis

• Emerging issues in sustainability reporting and integrated reporting