Recently ICMAI released a notification regarding various amendments applicable for CMA Intermediate and CMA Final. Following are the various amendments applicable to CMA Final Corporate Financial Reporting (CFR) Subject. We have made a comparison between what has been added or deleted for the upcoming CMA Final CFR Exam.
CMA Final Corporate Financial Reporting Amendments – Official Notification
Also, refer CMA Final Study Plan for proper guidance in CMA Final exam preparations.
CMA Final Corporate Financial Reporting Amendments – Applicable Books
After providing amendments institute will update the modules which will be applicable for the upcoming exams. Here is the link to download various CFR study materials and amended notes.
- CFR Study Material
- Amended CMA Final CFR Reference Books
- CMA Final CFR Workbook
- CMA Final MCQ Compilation
CMA Final Corporate Financial Reporting Amendments – June 2021
| AS | All the Accounting Standards (except AS 30, 31 & 32) are fully applicable |
| IND AS | 1. Overview of all the IND AS – Given in the Study Note 1 of Study Material Paper 17 Corporate Financial Reporting (Revised Edition: February, 2021) 2. IND AS Applicable in details (as given in (as given in the Study Material Paper 17 Corporate Financial Reporting (CFR)) — (i) IND AS – 1,2,7,8,10 and 101, given in the Study Note 1 of Study Material Paper 17 (CFR) (ii) IND AS – 103, given in the Study Note 2 of Study Material Paper 17 (CFR) (iii) IND AS – 27,28,105,110,111 and112, given in the Study Note 3 of Study Material Paper 17 (CFR) (iv) IND AS – 113 given in the Study Note 4 of Study Material Paper 17 (CFR) (v) IND AS – 32,107 and 109, given in the Study Note 5 of Study Material Paper 17 (CFR) (vi) IND AS – 102 given in the Study Note 6 of Study Material Paper 17 (CFR) |
| NBFC – Provisioning Norms and Accounting & Valuation of Shares [Amended] | Refer Study Material Paper 17 Corporate Financial Reporting (Revised Edition: February 2021) |
CMA Final Corporate Financial Reporting Amendments – December 2020
| Generally Accepted Accounting Principles in India | As given in August 2019 Edition |
| Overview of Accounting Standards | As given in August 2019 Edition |
| International Financial Reporting Standards | As given in August 2019 Edition |
| Applicability of Indian Accounting Standards | As given in August 2019 Edition |
| Overview of Indian Accounting Standards (Ind AS) | Newly added Ind AS 40, 115 and 116 |
| Recognition & Valuation of Financial Instruments (Ind AS-32, Ind AS-107 & Ind AS-109) | As given in August 2019 Edition |
| Goods and Services Tax (GST) Accounting | As given in August 2019 Edition |
| NBFC – Provisioning Norms and Accounting | Amended |
| Valuation of Shares | Amended |
| Valuation of Shares | Newly added Ind AS 40, 115 and 116 |
CMA Final Corporate Financial Reporting Amendments – June 2020
Click here for June 2020 CFR amendments.
Any change will be updated here. Follow CMA Final Study Plan for scoring good marks in CMA Final CFR and other subjects.
