Batch Planner | Advanced Accounting

Phase 1

Theory Foundation

Seq 1–3 · Days 1–7

Day	Date	Day	Seq	Chapter	Topics Covered
D1	13 Jul	Mon	Seq 1	Introduction to AS	Why standards exist; ASB (1977); 8-step standard-setting process; benefits of AS; limitations
D2	14 Jul	Tue	Seq 1	Introduction to AS	How many AS (29 issued, 27 effective); IFRS vs IAS; IASB; convergence vs adoption; Ind AS carve-outs; Ind AS roadmap (Phase I & II)
D3	15 Jul	Wed	Seq 2	Applicability of AS	3 questions for applicability; SMC vs Non-SMC; MSME vs Large (5 conditions, effective Apr 2024); AS not applicable to SMCs; relaxations
D4	16 Jul	Thu	Seq 3	Framework	Purpose; status and scope; components of FS (BS, P&L, CFS, Notes); objectives of FS; 7 user groups
D5	17 Jul	Fri	Seq 3	Framework	3 fundamental assumptions; 4 qualitative characteristics; true and fair view; elements (Asset, Liability, Equity, Income, Expense) — definitions and recognition criteria
D6	18 Jul	Sat	Seq 3	Framework	4 measurement bases; 3 capital maintenance concepts; Illustrations 1–9 (ICAI); Layer 3
D7	20 Jul	Mon	TEST 1	Seq 1+2+3	Chapter Test + Review

Phase 2

Asset-Based Accounting Standards

Seq 4–10 · Days 8–26

Day	Date	Day	Seq	Chapter	Topics Covered
D8	21 Jul	Tue	Seq 4	AS 2 — Inventory	Cost definition; components of cost; exclusions from cost; cost formulas — FIFO and Weighted Average
D9	22 Jul	Wed	Seq 4	AS 2 — Inventory	Net Realisable Value; lower of cost or NRV rule; write-down; reversal of write-down; specific identification; Illustrations + Layer 3
D10	23 Jul	Thu	Seq 5	AS 10 — PPE	Definition; initial cost (all costs to bring to location and condition); directly attributable costs; exclusions; dismantling obligation
D11	24 Jul	Fri	Seq 5	AS 10 — PPE	Self-constructed assets; subsequent costs (capitalise vs expense); depreciation — component accounting, useful life review, change in method
D12	25 Jul	Sat	Seq 5	AS 10 — PPE	Derecognition; exchange of assets (commercial substance test); Illustrations 1–8
D13	27 Jul	Mon	Seq 5	AS 10 — PPE	Complex illustrations — trial run costs, pre-operative expenses, exchange of dissimilar assets; Layer 3
D14	28 Jul	Tue	Seq 6	AS 26 — Intangibles	Definition (identifiable, non-monetary, no physical substance); research phase vs development phase; 6 conditions for development capitalisation
D15	29 Jul	Wed	Seq 6	AS 26 — Intangibles	Internally generated goodwill (never capitalised); internally generated brands (never capitalised); amortisation (finite vs indefinite); impairment triggers
D16	30 Jul	Thu	Seq 6	AS 26 — Intangibles	Illustrations (R&D split, amortisation, goodwill claim); Layer 3
D17	31 Jul	Fri	Seq 7	AS 16 — Borrowing Costs	Borrowing costs definition; qualifying asset; commencement / suspension / cessation of capitalisation
D18	1 Aug	Sat	Seq 7	AS 16 — Borrowing Costs	Specific vs general borrowings (weighted average rate); investment income deduction; exchange difference treatment; Illustrations + Layer 3
D19	3 Aug	Mon	Seq 8	AS 19 — Leases	Finance vs operating — 5 classification criteria; substance over form; lessee accounting (asset + liability at lower of FV or PV of MLP)
D20	4 Aug	Tue	Seq 8	AS 19 — Leases	Lessor accounting (net investment); operating lease (straight-line); minimum lease payments vs contingent rent; implicit rate
D21	5 Aug	Wed	Seq 8	AS 19 — Leases	Sale-and-leaseback; Illustrations (finance lease interest table, MLP PV, operating lease); Layer 3
D22	6 Aug	Thu	Seq 9	AS 28 — Impairment	Indicators of impairment; recoverable amount (FV-CoD vs Value in Use — higher); Cash Generating Unit; impairment loss; reversal; Illustrations + Layer 3
D23	7 Aug	Fri	Seq 10	AS 13 — Investments	Cost of investment; cum-dividend vs ex-dividend; current vs long-term classification (intent)
D24	8 Aug	Sat	Seq 10	AS 13 — Investments	Valuation — current (lower of cost or FV, portfolio basis); long-term (cost, permanent diminution provision); reclassification; rights shares; bonus shares; disposal (FIFO or WA)
D25	10 Aug	Mon	Seq 10	AS 13 — Investments	Illustrations (cum-dividend trap, portfolio valuation, rights + bonus, reclassification); Layer 3
D26	11 Aug	Tue	TEST 2	Seq 4–10	Chapter Test + Review

Phase 3

Liabilities, P&L & Revenue AS

Seq 11–21 · Days 27–46

Day	Date	Day	Seq	Chapter	Topics Covered
D27	12 Aug	Wed	Seq 11	AS 29 — Provisions	Present obligation + probable outflow + reliable estimate = provision; constructive vs legal obligation; contingent liability — 2 types, disclosure only
D28	13 Aug	Thu	Seq 11	AS 29 — Provisions	Contingent assets (never recognised; disclose if probable); measurement; changes in provisions; specific provisions (warranties, onerous contracts); Illustrations + Layer 3
D29	14 Aug	Fri	Seq 12	AS 15 — Employee Benefits	Short-term vs long-term; defined contribution vs defined benefit; PUC method; actuarial gains/losses; gratuity provision; Illustrations + Layer 3
—	15 Aug	Sat	—	HOLIDAY — Independence Day	—
D30	17 Aug	Mon	Seq 13	AS 4 — Events After BS	Adjusting events (adjust FS) vs non-adjusting events (disclose only); going concern doubts; dividends declared post year-end; Illustrations + Layer 3
D31	18 Aug	Tue	Seq 14	AS 5 — Net Profit/Loss	Ordinary vs extraordinary items; prior period items (definition + disclosure); change in accounting estimate (prospective) vs change in accounting policy; Illustrations + Layer 3
D32	19 Aug	Wed	Seq 15	AS 11 — Foreign Exchange	Transaction date (spot rate); monetary vs non-monetary items; restating monetary items at closing rate; exchange difference on monetary items → P&L
D33	20 Aug	Thu	Seq 15	AS 11 — Foreign Exchange	Integral vs non-integral foreign operations; FCMITDA (exchange differences on qualifying assets); forward contracts; Illustrations + Layer 3
D34	21 Aug	Fri	Seq 16	AS 9 — Revenue Recognition	Sale of goods — risk and reward transfer; bill-and-hold; agency (gross vs net); timing of recognition
D35	22 Aug	Sat	Seq 16	AS 9 — Revenue Recognition	Rendering of services — stage of completion vs completed contract; interest (time proportion); royalties (accrual); dividends (right to receive); Illustrations + Layer 3
D36	24 Aug	Mon	Seq 17	AS 7 — Construction Contracts	When AS 7 applies; % of completion — 3 methods; revenue and cost recognised year-by-year
D37	25 Aug	Tue	Seq 17	AS 7 — Construction Contracts	Outcome cannot be estimated (recover cost only); expected loss (recognise immediately in full); variations; claims; incentive payments; Illustrations + Layer 3
D38	26 Aug	Wed	Seq 18	AS 12 — Government Grants	Revenue grant vs capital grant; 2 methods for capital grant (deduct from asset / deferred income); promoter's contribution
D39	27 Aug	Thu	Seq 18	AS 12 — Government Grants	Non-monetary grants; grants for already-incurred expenses; refund of grant; Illustrations + Layer 3
D40	28 Aug	Fri	Seq 19	AS 22 — Deferred Tax	Permanent differences (no deferred tax); timing differences; DTL (tax base < book base on asset); DTA (tax base > book base)
D41	29 Aug	Sat	Seq 19	AS 22 — Deferred Tax	Virtual certainty for DTA on carry-forward losses; computation of deferred tax balance; Illustrations + Layer 3
—	30 Aug	Sun	—	ZOOM 1 — Monthly Zoom Session 1	—
D42	31 Aug	Mon	Seq 20	AS 20 — EPS	Basic EPS (PAT adjusted / weighted average equity shares); weighted average calculation for mid-year issues
D43	1 Sep	Tue	Seq 20	AS 20 — EPS	Rights issue (retroactive adjustment, theoretical ex-rights price); bonus shares (retroactive adjustment); diluted EPS — convertibles, options, warrants; anti-dilutive instruments excluded
D44	2 Sep	Wed	Seq 20	AS 20 — EPS	Adjustments to numerator for diluted EPS; disclosures; Illustrations (complex weighted avg, rights, diluted); Layer 3
D45	3 Sep	Thu	Seq 21	AS 1 — Accounting Policies	Which policies must be disclosed; 3 fundamental assumptions (if not followed → disclose); selection criteria (Prudence, Substance over Form, Materiality); conditions for change in policy; quantify effect; Illustrations + Layer 3
D46	4 Sep	Fri	TEST 3	Seq 11–21	Chapter Test + Review

Phase 4

Financial Statements & Disclosures

Seq 22–26 · Days 47–62

Day	Date	Day	Seq	Chapter	Topics Covered
D47	5 Sep	Sat	Seq 22	Preparation of FS	Schedule III — Part I (Balance Sheet); equity and liabilities side structure; non-current vs current classification
D48	7 Sep	Mon	Seq 22	Preparation of FS	Assets side structure; notes to accounts; mandatory disclosures (share capital note, reserves, borrowings, fixed assets schedule); statutory books
D49	8 Sep	Tue	Seq 22	Preparation of FS	Schedule III Part II (P&L) — revenue, other income, expenses by nature, tax line; distributable profits calculation; first illustration
D50	9 Sep	Wed	Seq 22	Preparation of FS	Full Schedule III conversion problem — trial balance to complete financial statements; Layer 3
D51	10 Sep	Thu	Seq 23A	Cash Flow — Concept	Why profit ≠ cash; 3 activities (Operating, Investing, Financing); direct vs indirect method; non-cash transactions (excluded)
D52	11 Sep	Fri	Seq 23B	AS 3 — Cash Flow	Interest paid; interest received; dividends paid; dividends received; taxes treatment; foreign currency CFS
D53	12 Sep	Sat	Seq 23	Cash Flow — Practice	CFS preparation — Direct Method
D54	14 Sep	Mon	Seq 23	Cash Flow — Practice	Indirect Method (most common exam format); Investing + Financing sections
D55	15 Sep	Tue	Seq 23	Cash Flow — Practice	Complex CFS — acquisition/disposal adjustments, working capital changes, proposed dividend; Layer 3
D56	16 Sep	Wed	Seq 24	AS 17 — Segment Reporting	Primary vs secondary segment; business vs geographical; 10% threshold (revenue / assets / result); 75% test
D57	17 Sep	Thu	Seq 24	AS 17 — Segment Reporting	Segment information required (revenue, result, assets, liabilities, capex, depreciation); allocation of common costs; Illustrations + Layer 3
D58	18 Sep	Fri	Seq 25	AS 18 — Related Party	10 related party relationships; KMP definition; control vs significant influence; what qualifies as a related party transaction
D59	19 Sep	Sat	Seq 25	AS 18 — Related Party	Disclosure requirements (name, nature, amount, outstanding balance); exemptions; government-related entity exemption; Illustrations + Layer 3
D60	21 Sep	Mon	Seq 26	AS 24 — Discontinuing Ops	Definition; initial disclosure event (binding sale agreement or Board approval); measurement; presentation in FS; comparative information; Illustrations + Layer 3
D61	22 Sep	Tue	TEST 4	Seq 22–26	Chapter Test + Review
D62	23 Sep	Wed	ITD 1	Mid-Batch Comprehensive Test — Seq 1–26	Exam Conditions

Phase 5

Consolidation Group

Seq 27–31 · Days 63–78

Day	Date	Day	Seq	Chapter	Topics Covered
D63	24 Sep	Thu	Seq 27	AS 21 — Consolidation	Why consolidation; control definition (majority voting power); parent-subsidiary definition; consolidation procedure overview
D64	25 Sep	Fri	Seq 27	AS 21 — Consolidation	Cost of investment vs share in net assets → Goodwill or Capital Reserve; Minority Interest calculation; line-by-line addition
D65	26 Sep	Sat	Seq 27	AS 21 — Consolidation	Intra-group eliminations (intercompany sales, loans, interest); unrealised profit in closing stock; uniform accounting policies
—	27 Sep	Sun	—	ZOOM 2 — Monthly Zoom Session 2	—
D66	28 Sep	Mon	Seq 27	AS 21 — Consolidation	Preference shares in subsidiary; dividends from subsidiary; different year-ends; step acquisitions
D67	29 Sep	Tue	Seq 27	AS 21 — Consolidation	Practice: Full consolidation worksheet — goodwill, MI, intra-group eliminations, P&L consolidation
D68	30 Sep	Wed	Seq 27	AS 21 — Consolidation	Practice: Complex consolidation — unrealised profit in stock, different acquisition dates; Layer 3
D69	1 Oct	Thu	Seq 28	AS 23 — Associates	Associate definition (significant influence, 20–49%); equity method (one-line consolidation); share of post-acquisition P&L; goodwill on equity method; Illustrations + Layer 3
—	2 Oct	Fri	—	HOLIDAY — Gandhi Jayanti	—
D70	3 Oct	Sat	Seq 29	AS 27 — Joint Ventures	Types (jointly controlled operations, assets, entities); proportionate consolidation for JCE; JV vs partnership; Illustrations + Layer 3
D71	5 Oct	Mon	Seq 30A	Amalgamation — Concept	Merger vs amalgamation (legal distinction); purpose; pooling of interests vs purchase method — when each applies
D72	6 Oct	Tue	Seq 30B	AS 14 — Amalgamation	Pooling of Interests method — 5 conditions; accounting treatment (book values, reserves maintained, no goodwill); purchase consideration types
D73	7 Oct	Wed	Seq 30B	AS 14 — Amalgamation	Purchase method treatment (agreed/FV values, goodwill or capital reserve); statutory reserves — amalgamation adjustment account; P&L balance treatment
D74	8 Oct	Thu	Seq 30B	AS 14 — Amalgamation	Practice: Pooling of Interests — journal entries in transferee's books, closing transferor's books
D75	9 Oct	Fri	Seq 30B	AS 14 — Amalgamation	Practice: Purchase Method — goodwill, capital reserve, statutory reserves
D76	10 Oct	Sat	Seq 30B	AS 14 — Amalgamation	Practice: Complex problem — mixed consideration, statutory reserves, intercompany balances; Layer 3
D77	12 Oct	Mon	Seq 31	AS 25 — Interim Reporting	Discrete vs integral view; condensed FS content; seasonal revenue treatment; uneven costs; material events; disclosures; Illustrations + Layer 3
D78	13 Oct	Tue	TEST 5	Seq 27–31	Chapter Test + Review

Phase 6

Capital Restructuring & Branches

Seq 32–34 · Days 79–97

Day	Date	Day	Seq	Chapter	Topics Covered
D79	14 Oct	Wed	Seq 32	Buyback	Section 70 conditions (7 conditions); permissible sources (free reserves, securities premium, fresh issue — not loans); 25% limit
D80	15 Oct	Thu	Seq 32	Buyback	Open market vs tender offer; Capital Redemption Reserve (CRR) creation; journal entry sequence; no treasury shares in India
D81	16 Oct	Fri	Seq 32	Buyback	Practice: Sources check + CRR + post-buyback Balance Sheet; Layer 3
D82	17 Oct	Sat	BUFFER	Revision	Error-register-driven revision — weakest chapter from Phases 1–5; MCQ drill
D83	19 Oct	Mon	Seq 33	Internal Reconstruction	Sick company concept; capital reduction; share surrender; legal process (NCLT); Internal Reconstruction Account
—	20 Oct	Tue	—	HOLIDAY — Dussehra	—
D84	21 Oct	Wed	Seq 33	Internal Reconstruction	Creditor compromise (partial settlement); priority order; journal entries (capital reduction, creditor haircut, asset write-down, fresh issue)
D85	22 Oct	Thu	Seq 33	Internal Reconstruction	Practice: Full reconstruction problem — capital reduction + creditor compromise + Balance Sheet before and after; Layer 3
D86	23 Oct	Fri	Seq 34	Branches — Dependent	Dependent branch characteristics; goods sent at cost vs invoice price; branch debtors; branch expenses; methods overview
D87	24 Oct	Sat	Seq 34	Branches — Stock & Debtors	Stock and Debtors Method — branch stock account, branch debtors account, branch P&L; loading; goods in transit; short/surplus stock
—	25 Oct	Sun	—	ZOOM 3 — Monthly Zoom Session 3	—
D88	26 Oct	Mon	Seq 34	Branches — Independent	Independent branch — own complete books; HO-Branch account (reciprocal accounts); reconciliation; incorporation entries at HO
D89	27 Oct	Tue	Seq 34	Branches — Foreign	Integral vs non-integral classification; translation method; exchange differences on non-integral branch → reserve
D90	28 Oct	Wed	Seq 34	Branches — Practice	Dependent branch full problem — Stock and Debtors Method (invoice price, loading, goods in transit)
D91	29 Oct	Thu	Seq 34	Branches — Practice	Foreign branch translation problem (P&L + BS); Layer 3
D92	30 Oct	Fri	TEST 6	Seq 32–34	Chapter Test + Review
D93	31 Oct	Sat	ITD 2	Final Comprehensive Test — Full Syllabus	Exam Simulation (all 34 sequences)
D94	2 Nov	Mon	Rev 1	Revision — Seq 1–10	Layer 3 rapid revision + high-frequency MCQ drill
D95	3 Nov	Tue	Rev 2	Revision — Seq 11–21	Layer 3 rapid revision + MCQ (AS 3, AS 13, AS 20 focus)
D96	4 Nov	Wed	Rev 3	Revision — Seq 22–34	Layer 3 rapid revision + Karma (AS 21, AS 14, Branches focus)
D97	5 Nov	Thu	—	Batch Close	Doubt clearing + exam-day strategy briefing + closing session

Key Dates

Batch Start

13 July 2026

Zoom Session 1

30 August 2026 (Sun)

ITD Test 1 — Seq 1–26

23 September 2026

Zoom Session 2

27 September 2026 (Sun)

Zoom Session 3

25 October 2026 (Sun)

ITD Test 2 — Full Syllabus

31 October 2026

Batch Close

5 November 2026