B.Com. (Accounting and Finance) Corporate Financial Reporting II Syllabus - Mumbai University

This is the TY BAF syllabus under NEP 2020, in force from the academic year 2026-27. The University still sets the earlier Choice Based syllabus below alongside it for ATKT candidates, so check which scheme your exam form names before you revise.

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Syllabus for Corporate Financial Reporting - II

Major elective · Semester 6 · TY BAF · 4 credits · 100 marks

Module I: Ind AS 33 Ind AS 33: Earnings Per Share

Basic EPS
Adjustments for preference dividends
Diluted EPS
Impact of convertible instruments, options, warrants
Anti-dilutive instruments
Presentation & Disclosure
Separate disclosure for continuing and discontinued operations
Restatement for bonus issues, share splits
Key Concepts
Weighted average shares calculation
Treatment of contingently issuable shares
Practical Applications
Numerical problems on EPS computation Case studies on dilution impact

Module II: Ind AS related to Reporting IV Ind AS 109: Financial Instruments

Scope & Definitions
Financial assets, liabilities, derivatives, embedded derivatives
Classification
Amortised cost
Fair value through profit or loss (FVTPL)
Fair value through other comprehensive income (FVOCI)
Recognition & Measurement
Initial recognition
Subsequent measurement
Effective interest method
Impairment
Expected credit loss (ECL) model
Simplified approach for trade receivables
Derecognition
Conditions for derecognition of assets/liabilities
Hedge Accounting
Types of hedges (fair value, cash flow, net investment)
Documentation and effectiveness testing
Practical Applications
Case studies on classification and measurement

Module III: Ind AS 24 – Related Party Disclosures

Definition of Related Party
Control, joint control, significant influence
Close family members
Disclosure Requirements
Nature of relationship
Transactions (amounts, outstanding balances, commitments)
Terms and conditions (pricing, guarantees, etc.)
Key Concepts
Identification of related parties
Compensation of key management personnel
Government-related entities

Module IV: Ind AS 110 Consolidated Financial Statements

Objective of Ind AS 110
Scope of the standard
Key definitions: Parent, Subsidiary, Control, Non-controlling interest (NCI), Consolidated financial statements
Principle of Control
Meaning of control
Criteria for control:
Power over investee
Exposure to variable returns
Ability to use power to affect returns
Assessment of control in complex scenarios (e.g., potential voting rights, structured entities)
Consolidation Procedures
Requirement for consolidated financial statements
Steps in consolidation:
Line-by-line addition of assets, liabilities, income, and expenses
Elimination of intra-group balances and transactions
Treatment of unrealised profits/losses
Uniform accounting policies across group entities

Reference Books

1 Corporate Financial Reporting: Ind AS & IFRS – T.P. Ghosh 10 2. Indian Accounting Standards (Ind AS): A Comprehensive Guide
3 Illustrated Guide to Indian Accounting Standards (Ind AS) – B.D. Chatterjee & Jitender Jain
1 Professional Guide to Ind AS (2019-2020 Session). CA B Saravana Prasath CA G. Sekar
2 Guide to Ind ASs (Converged IFRSs) (CA Final) (4th Edition July 2019). Dr. D.S. Rawat
3 Practical Guide to Ind AS & IFRS 2019 by CA. Kamal G External, Semester End Examination 11 Internal Continuous Assessment: 40% 60% Individual Passing in Internal and External Examination 12 Continuous Evaluation through: Semester End External – 60 Marks Sr. Time – 2 Hours Assessment/Evaluation Marks No. Attempt any 4 out of 6 questions Class Test during the lectures. (Physical/Online Mode) (Short No. Question Marks 1 Notes/ MCQs/ Match the 20 Q.1 Practical/Theory 15 Pairs/ Answer in one sentence/ Puzzles/ Numerical) Q.2 Practical/Theory 15 Participation in Workshop/ Q.3 Practical/Theory 15 Conference/ Seminar/ Q.4 Practical/Theory 15 2 10 Assignment & Viva Q.5 Practical/Theory 15 (Physical/Online Mode) Group Presentation/ Role Play/ Q.6 Practical/Theory 15 Case Study Participation / Note 3 10 Certificate Course 1. Equal Weightage is to be given to all the (Physical/Online Mode) modules.
2 15 marks question may be subdivided into 8 marks + 7 marks, 10 marks + 5 marks and 5 marks + 5 marks + 5 marks. Internal options may be given however, it is not mandatory.
3 Use of a simple calculator is allowed in the examination.
4 Wherever possible more importance is to be given to the practical problem. Letter Grades and Grade Points: Semester GPA/ Programme % of Marks Alpha-Sign/ Grading CGPA Semester/ Programme Letter Grade Result Point 9.00 - 10.00 90.0 - 100 O (Outstanding) 10 8.00 - < 9.00 80.0 - < 90.0 A+ (Excellent) 9 7.00 - < 8.00 70.0 - < 80.0 A (Very Good) 8 6.00 - < 7.00 60.0 - < 70.0 B+ (Good) 7 5.50 - < 6.00 55.0 - < 60.0 B (Above Average) 6 5.00 - < 5.50 50.0 - < 55.0 C (Average) 5 4.00 - < 5.00 40.0 - < 50.0 P (Pass) 4 Below 4.00 Below 40.0 F (Fail) 0 Ab (Absent) - Ab (Absent) 0 Vertical – 6 As Per NEP 2020

Reproduced from the University of Mumbai syllabus for B.Com. (Accounting & Finance) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

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