CA32 Financial Management PDF notes

Download Financial Management PDF notes


PAPER NO.9 FINANCIAL REPORTING GENERAL OBJECTIVE

This paper is intended to equip the candidate with knowledge, skills and attitudes that will

enable him/her to prepare financial statements for various entities and account for specialised transactions in both the public and private sectors.

Table of Contents

LEARNING OUTCOMES

A candidate who passes this paper should be able to:

  • Account for various assets and liabilities
  • Prepare financial statements including published financial statements for various types of organisations
  • Account for specialised transactions
  • Prepare group financial statements
  • Analyze and interpret financial statements
  • Apply International Financial Reporting Standards (IFRSs) and International Public Sector Accounting Standards (IPSASs) in preparing non-complex financial statements.

CONTENT

Assets of financial statements

  • Assets and liabilities covered in Paper No. 1: Financial Accounting still examinable (in the context of published financial statements)
  • Inventories
  • Borrowing costs
  • Investment property
  • Financial Instruments (presentation, recognition, classes, measurement, de- recognition and disclosures) (excluding impairment, hedging and embedded derivatives)
  • Leases (all aspects including dealers and sale and leaseback)

Liabilities of financial statements

  • Employee benefits
  • Provisions, contingent liabilities and contingent assets
  • Income tax (current and deferred tax but not deferred tax in the  case  of  groups)
  • events after reporting date

Further aspects of partnerships

  • Dissolutions (including piece-meal)
  • Amalgamation Conversion and sale of partnership firms

Special transactions

  • Revenue recognition
  • Contracts with customers
  • Hire purchase and installment sales transactions (split of hire purchase profit into interest and gross profit and using actuarial method and sum of digits to account for interest); sale of goods, construction contracts and real estate, provision of services
  • Government grants

Financial statements for various types of businesses

  • Inventory and biological assets in agriculture
  • Insurance
  • Banks
  • Professional firms (lawyers and accountants)
  • Accounting for branches including foreign branches
  • Co-operative societies

Published financial statements

  • Presentation of financial statements (income statement, statement of comprehensive incomes, statement of changes in equity, statement of financial position and the notes to financial statements)
  • Accounting policies, changes in accounting estimates and errors (prior period errors)
  • Fair value measurement

Consolidated financial statements

  • Accounting for one subsidiary (consolidated income statement, consolidated statement of financial position and a statement of cash flows – group financial statements); consolidated statement of cash flows also covers associate companies and jointly controlled entities but excludes acquisition and disposal of subsidiaries during the year
  • Investments in associates and joint ventures

Financial statements under IPSASs

[Provisions of the following IPSASs (emphasis on distinctions with equivalent IASs/IFRSs)]

  • Presentation of financial statements
  • Accounting policies, changes in accounting estimates and errors
  • Borrowing costs
  • Consolidated and separate financial statements
  • Investments in associates
  • Interests in joint ventures
  • Events after the reporting date
  • Construction contracts, leases and inventories
  • Provisions, contingent liabilities and contingent assets

Emerging issues and trends

One thought on “CA32 Financial Management PDF notes”

  1. Hi, I would like to purchase Financial Management notes but in your portal you have interchanged FM with FR. So if I order for FM Notes which appear in your portal as FR I’m fearing that I may end up getting FR notes which I don’t need. So should I go ahead to order the FM listed Under FR or should I order for FR and you will send FM,KINDLY ASSIST.

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