Course Name: ADVANCED FINANCIAL REPORTING Course Code: 18JBS209

Number of credits: 3 Number of Hours: 35

Learning Outcomes:

a) Appreciate theory and practice of financial reporting

b) Examine the corporate voluntary disclosures
c) Outline the emerging trends in financial reporting

Module 1: Financial Reporting Framework: 5 Hours

Learning Outcomes: Explain the framework of financial reporting
Overview of Accounting Standards – Indian AS, IFRS, IFRS for SMEs, Global Reporting Initiative
(GRI), IASB and IASC, SEBI, Role of Ministry of Corporate affairs, SEC, Quarterly report filing,
annual report filing, Electronic Data Information Filing and Retrieval System (EDIFAR), the
Electronic Data-Gathering, Analysis, and Retrieval system (EDGAR), Important components of
annual report - MD&A, Auditors report, Directors report

Module 2: Cash flow Statements: 5 Hours

Learning Outcomes: Develop the skill of preparing cash flow Statements
Cash flow statements: Components of statement of cash flows – Operating activities – Investing
activities - financing activities – Preparation of statement of cash flows (Indirect method)

Module 3: Financial Statements of Banking Companies: 7 Hours

Learning Outcomes: Discover the financial statements of Banking companies
Banking company financial statements: Preparation of statement of Profit and Loss and balance
sheet of banks.

Module 4: Financial Statements of Insurance Companies: 5 Hours

Learning Outcomes: Discover the financial statements insurance companies
Insurance company financial statements: Preparation of final accounts of Life and non-life
insurance companies; Revenue account, P&L Account and Balance sheet (simple problems
only).

Module 5: Advanced issues in Financial Reporting: 8 Hours

Learning Outcomes:
5.a) Develop an effective managerial perspective of advanced issues in Financial Reporting
5.b) Examine the emerging trends in financial reporting
Earnings per share (EPS), diluted EPS, Segment Reporting, Share based payments - Employee
stock options plans (ESOP), Employee stock purchase plan (ESPP) and Stock Appreciation Rights
(SAR), Sustainability reporting, Concept of Triple Bottom Line Reporting*, Forensic accounting*,
Ethics in Accounting*, Creative accounting, Accounting Scandals Enron, Xerox, Satyam*
Human Resources Accounting – significance, methods for accounting, real world practices,
Brand valuation
(* These topics are categorized as ‘Self-learning’ topics and are subjected to testing)

Basic Text:
Narayanaswamy R, (Recent edition). Financial Accounting A Managerial Perspective. New Delhi,
India: Prentice Hall India

Reference Books:
Earl K. Stice & James Stice (2006). Financial Accounting: Reporting And Analysis. Delhi, India:
South Western/Cengage Learning India
Other reading materials:
Chartered Accountant Journal, published by The Institute of Chartered Accountants of India,
New Delhi, India
Management Accountant Journal, published by The Institute of Cost Accountants of India,
Kolkatta, India
Annual Reports of L&T, BHEL, Bajaj Finance, General Insurance companies

Evaluation Pattern:

Continuous End term

Attendance Total
Evaluation Examination
45% 50% 5% 100%