Applicability of amendment and changes in May 2018 exams

Applicability of Standards/Guidance Notes/Legislative Amendments etc. for May 2018 Examination

Study Guidelines for May, 2018 Examinations Final New Course Paper 1: Financial Reporting

A- List of topic-wise inclusion in the syllabus




S.No. in the syllabus

Topics of the syllabus



Application of Existing Accounting Standards

1. AS 15 : Employee Benefits

2. AS 21 : Consolidated Financial Statements

3. AS 23 : Accounting for Investments Associates in Consolidated Financial Statements

4. AS 25 : Interim Financial Reporting

5. AS 27 : Financial Reporting of Interests in Joint Ventures

6. AS 28 : Impairment of Assets


Application of Guidance Notes issued by ICAI on specified accounting aspects.

1. Guidance Note on Measurement of Income Tax Expense for Interim Financial Reporting in the context of AS 25

2. Guidance Note on Applicability of AS 25 to Interim Financial Results

3. Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable)

4. Guidance Note on Combined and Carve–Out Financial Statements.

5. Guidance Note on Accounting for Derivative Contracts

6. Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities

7. Guidance Note on Accounting for Self-Generated Certified Emission Reductions (CERs)

8. Guidance Note on Accounting by Dot-Com Companies

1 and 4-9

Application of Existing Accounting Standards and Indian Accounting Standards

On Ind AS

1. Discounting of deferred debts (retention money) (Opinion finalized by the Committee on 2.9.2016).


(Expert Advisory Opinions)

2. Adjustment of the effect of first recognition of group gratuity liability against opening balance of reserves and surplus as an appropriation in the current financial year. (Opinion finalised by the Committee on 21.7.2016).

3. Accounting treatment of pension liability post-separation. (Opinion finalised by the Committee on 23.4.2015)

4. Requirement for preparation of Complete/ Condensed set of financial statements (Opinion finalised by the Committee on 3.6.2015.)

5. Amortisation of SAP license and accounting for annual renewal fee. (Opinion finalised by the Committee on 23.4.2015.)

To know more in details about the amendments and changes in CA Intermediate / Final May'18 exams and the list of pronouncements, find the enclosed attachment

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