Concept Book // Layer 2 Revision | Advanced Accounting

Phase 1 Theory Foundation

Seq 1–3

Seq 1 Introduction to Accounting Standards 🔒

Seq 2 Applicability of Accounting Standards 🔒

Seq 3 Framework for Preparation & Presentation of Financial Statements 🔒

Phase 2 Asset-Based Accounting Standards

Seq 4–10

Seq 5 AS 10 — Property, Plant & Equipment 🔒

Seq 6 AS 26 — Intangible Assets 🔒

Seq 7 AS 16 — Borrowing Costs 🔒

Seq 8 AS 19 — Leases 🔒

Seq 9 AS 28 — Impairment of Assets 🔒

Seq 10 AS 13 — Accounting for Investments 🔒

Phase 3 Liabilities, P&L & Revenue AS

Seq 11–21

Seq 11 AS 29 — Provisions, Contingent Liabilities & Assets 🔒

Seq 12 AS 15 — Employee Benefits 🔒

Seq 13 AS 4 — Events After the Balance Sheet Date 🔒

Seq 14 AS 5 — Net Profit or Loss, Prior Period Items & Changes in Accounting Policies 🔒

Seq 15 AS 11 — Effects of Changes in Foreign Exchange Rates 🔒

Seq 16 AS 9 — Revenue Recognition 🔒

Seq 17 AS 7 — Construction Contracts 🔒

Seq 18 AS 12 — Accounting for Government Grants 🔒

Seq 19 AS 22 — Accounting for Taxes on Income (Deferred Tax) 🔒

Seq 20 AS 20 — Earnings Per Share 🔒

Seq 21 AS 1 — Disclosure of Accounting Policies 🔒

Phase 4 Financial Statements & Disclosures

Seq 22–26

Seq 22 Preparation of Financial Statements — Schedule III 🔒

Seq 23 AS 3 — Cash Flow Statements 🔒

Seq 24 AS 17 — Segment Reporting 🔒

Seq 25 AS 18 — Related Party Disclosures 🔒

Seq 26 AS 24 — Discontinuing Operations 🔒

Phase 5 Consolidation Group

Seq 27–31

Seq 27 AS 21 — Consolidated Financial Statements 🔒

Seq 28 AS 23 — Accounting for Investments in Associates 🔒

Seq 29 AS 27 — Financial Reporting of Interests in Joint Ventures 🔒

Seq 30 AS 14 — Accounting for Amalgamations 🔒

Seq 31 AS 25 — Interim Financial Reporting 🔒

Phase 6 Capital Restructuring & Branches

Seq 32–34

Seq 32 Buyback of Shares 🔒

Seq 33 Internal Reconstruction 🔒

Seq 34 Branch Accounting — Dependent, Independent & Foreign Branches 🔒

Table of Contents